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RE: BITCOIN (BTC) is Putting in the Final Topping Waves...A Trend Turn from Up to Down is Expected
I see this as a battle between TA and FA. My reason is that whenever I read your analyses I think of the fundamentals that could be the event that will come to justify the forecast.
Although from a TA perspective this looks 100 % right, from a FA perspective it really contradicts everything TA says about bitcoin, because:
Scenario 1: Prices continue to go up higher than B target and so the whole count has to be revised.
Scenario 2: Prices go down to your C, but maybe wont stay enough to be a valid C, or maybe wont go down enough because people will continue to buy cheap bitcoin to get free tokens in the fork upcoming.
ennnzai!
The proof is in the pudding. Calls are invalidated when certain numbers hit. At that point, that count is considered invalidated, and thus incorrect. We keep track of these misses, who wouldn't? Anyone looking for advice in an investment scenario must take prior history into consideration....thus TA followers watch analysts and watch for changes and squeak bys, and we are waiting for the invalidation to keep track of that. That provides the opportunity to find the best analysts out there, gather the information, and make an educated decision who is the more likely to find the probable scenario, not the possible scenario.
Haejin has a probable scenario hit percentage that is damn near 90%. I watch others on here, and I keep track of them as well, and they aren't even close to that.
Proof in the pudding. Anyone who looks back at the posts and follows his calls from coin to coin, and doesn't see that he is VERY good at making the most probable call, well anyone who doesn't see that is in denial.
Why step out like this? It's not in defense of TA, which is not at battle with FA, despite what FA thinks. It's purely to point out that not all analysts of any kind are good....in fact, many out right suck...especially on open platforms like this one. I used to pay someone to give me good professional analysis, but they didn't match up to the percentages that I saw, employed, and profited from due to @haejin 's shared knowledge for free.
The point is, you can't argue with success rates, blockchain certified in stone! And this guy right here, @haejin , he's the best on the web. Period. If he's not, show me someone with a better success to invalidated ratio please, because I would love to follow their advice and make more money.
Totally agree! I have often heard that FA might give you insight as to what to buy, but TA lets you know when to buy it:)
I don't see you arguing the successes of @haejins calls this morning? They were absolutely dead on. I'll go ahead and add that one to his record.
If prices exceed $5,450; the count is invalidated.
if we exceed $5450 does that mean wave IV is in and we are in the middle of the final wave ?
I'm thinking that, yes.
Yes I agree, something always happens to justify the TA forecast.
For example, some big news is coming for xvg this October. Ebtc swap is going to happen.
I wonder when they will drop the Wraith news if BTC does tank - mid drop or after
Something does always happen to justify the forecast....TA a peak into the possible future of the waves. All that other stuff just falls right into place. No, one cannot exist without the other, but percentages of hitting the probably scenario is what we are looking for.