RE: Bitcoin (BTC) Evening Update: Five Waves + ABC
Actually, far from calling him a "crypto prophet," I think I called him, "the boy who cries wolf." I never said his TA wasn't any good - I said his TA is repeated too often. It almost approaches the level of spam. I didn't really understand everyones' criticism of him up until now. I'm not saying, "Please don't tell me that it's a nice day." I'm saying, "You already said that twice, so... thanks, but, you can stop now. I know it's a nice day."
I think people's chief complaint here is that these posts are, "raping the rewards pool." Posting 3 times a day about BTC - not to mention all of the other posts about several other coins - is a bit excessive. Eating a piece of chocolate cake is good. Eating 15 pieces...? Stomach ache. I mean, these TA's and his thoughts are great - but only in reasonable doses. Sure I don't HAVE TO look at them - except, they're all over the hot and trending and new and everywhere you go. People just like to breathe sometimes, so don't suck all of the oxygen out of the room.
and yet you're re-steeming @haejin's posts?
Sounds a bit like sour grapes.
Yeah, I resteemed 3 posts in the last... between 6 to 13 days ago. But, how many dozens of these posts in between did I not resteem? They weren't really worth mentioning. The last really big pattern shift occurred about 3 weeks ago - a possible upwards channel. It looks like we tested the bottom at around $9,400, but it needs to test/confirm it again - preferably a bit higher - before you can call it an inverse head & shoulders. We all want that - it would be great! But, until we get that confirmation, this is all a bunch of hot air. The "news" since then isn't worth 50 posts about every little dip & dive. We could be looking at a completely different pattern by next week. You're making my point for me: too much of a good thing is actually bad.
I take the point that at this particular moment, 3 updates on the TA of BTC a day don’t really show much – most of us are waiting to see what the market is going to do. But look, if the guy wants to post about BTC and 10k+ people want to read a single post then it’s just simple supply and demand and as such I don’t think it should be considered on a par with spam. I’d imagine that there are countless posts on steemit that don’t hold any interest to you – why single out @haejin for special attention? Is it because he is making money? Would you turn down the opportunity to do the same? As you’ve already stated you could ignore the posts or just mute him.
Good luck with your upcoming trades