RE: Bitcoin (BTC) Mid-Day Update: Enroute to B wave + A New Right Shoulder Feature
Hello friend.
I have been following you since last summer, first on Youtube now here.
Based on your analysis, I must admit that sometimes your predictions are 100% accurate sometimes not. I guess that is the way it goes, but your teachings and the way you convey them are priceless.
There is a question that I was wondering for a long time:
As far as I watched your analysis, you are 100% TA person, meaning that the prices will be shaped purely by the technical factors. OK, got it.
At the same time, you present different alternatives for the possible pathways, and state that we will wait in order to see which path the price will follow. Now, the question is, when in junction meaning when different possibilities exist, aren't the Fundamentals (ban of crypto, FUD, new regulations...etc) main factors that determine which way the price will follow?
Patterns have boundaries at their extremes. Price action can be influenced within those extremes and in the short term by fundamental events. The patterns can be stretched and even distorted by such events but in the medium and long term the sentiments will remain the same, and price action will play out accordingly, regardless of individual events.
Thats what happened to me. First Youtube & now here. I just joined steem last night. He has very good videos. I wish we could see him sometime in his videos. I want to see the Master Haejin!
Good question. I believe price moves the news and events and never the reverse. The alternates are only for awareness perspective. I still trade to the primary.