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RE: What's next for NXT? Its Bull Run ISN'T DONE YET!!!
it's an estimation, you are still responsible for following the charts yourself and making a decision yourself. Technical analysis is not exact science, it's trying to see the most probable pathway, something Haejin says over and over. And hey, if you sell too early, you still made a profit, don't you?
sure... but theres a difference of 1 and 10 and the difference is 90% .... i can call something.. actually anything and say it will be 11 from 9 very soon... and then it goes to 100 in a week... i am not gonna shout that i was right after it reaches 100 :)
You should follow the charts and update your analysis, targets will become more and more accurate. You should also view his tutorials, like the laddering one.
If you say something is gonna go up and it goes up you are actually right, that's all what you need to know to make profit, knowing if the direction is up or down. In your example you can say that it will go up at least 150% and never goes down lower than 50%, if it goes up 1000% you are right, updating your analysis can even make you profit of the most part of the rally.