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RE: Bitcoin (BTC) Morning Update: Landing Zones
Well, these people should not follow anyone blindly, be it Haejin, whose analysis is actually quite good. Yep, as of late, he has been wrong for a few times, but still...it's a game of probabilites as Heajin also says. In short - you simply can't blame someone for expressing his opinion and Haejin is doing this - for educative purposes and for some steem dollars, of course (nothing wrong with it if people decide his analysis is worth an upvote)!
he hasnt been wrong on btc. he consistently provided several counts and told you what to watch out for.
Not on bitcoin, but on a few alternative coins such as Verge and BitShares for example. But I don't blame him - I think it is normal to be wrong every once in a while. However, most of the times his analysis has been impeccable and I can only applaud him for it.
his counts are not really wrong there as well, take this two things always into account:
What do you MEAN his counts are not really wrong. Is your definition of wrong different to the oxford dictionary’s? Wrong means incorrect. Going the opposite way. Look at his predictions over the last 4 weeks. All of his wave drawings have been completely invalidated from an objective elliot rule set. His counted wave 1s have been crossed by wave 4s. Look at STEEM, XRP, XVG, QTUM, RDD. His targets have been wrong too. Let’s just admit his wave count was incorrect. Look at XRP as a prime example. His target was $4.11 as end of wave 5 and he counted that we were in wave 3. It turned out we were actually in wave 5. That’s a HUUGE miscount. Moreover, other analysts on tradingview were calling for this scenario well before him. It’s pure covering your eyes if you’re going to convince yourself it’s not wrong. Sure, it’ll go up and likely hit his targets from here. But that’s because in a bull market it’s more likely to go up than not. However, to say he was not wrong when all his counts have been invalidated is just pure blindfolding yourself to the plain facts of what happened.
I agree with kevitos on this one - Ripple is a good example. Eventually the price will probably go to $4.11 but not seeing the big correction before that is simply a mistake. If I follow your logic I may forecast that gold, for example will reach 10K. And in the very long run I will probably be correct, but if you buy now and it falls to $700 and stays there for a year and then slowly moves upwards to $1000 and finally in 10-15 years time it hits my forecast - would you call my analysis correct? But as I have said, I have a lot of respect for Haejin and am thankful for all of his efforts. He was wrong for a few times, but that's fine, he doesn't have a magic ball. He made some great calls before that and I don't think it was just luck.
I don't see too many 'great' calls
https://steemit.com/haejin/@truthtrader/haejin-6-months-accuracy-rating-day-17-2-day-16-accuracy-12-10
Bullshit
Half Bullshit