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RE: Bitcoin (BTC) Mid-DAY Update: The Ascending Right Triangle Pattern is Still in Play!
Another day, another prediction. I have checked your predictions from last 2 months only like 5% are valid. So if I would invest into it, today I will lost more than 70% based on your predictions. What is the point to do that?
His success rate is no where near what he claims it is, and with the influx of new people into the market in December/January, anyone listening to his TA would be down huge. There was a poster on here that started going through his posts and tracking his success rate this year and it was at -70% at the time.
What kills me is in January when he was preaching everything was fine and all these coins would moon there were dozens of people like myself saying that the market was in a downturn. It was only when it was too late that now he has started to change his tune and stop suggesting ATH and showing more corrections. Yet the people that disagreed with him (and ended up being correct) were flagged to death and insulted yet he made 10's of thousands posting brutal TA. How does that make sense?
It is like people see how much money he is making off this site and how many people are following him so they think he must know what he is talking about. Yet even with 3 updates a day and dozens of alt counts he still gets it wrong. Just because a lot of people follow him it doesn't mean it is good content.
And the earnings are from the same people that upvote before the content can even be viewed in its entirety (ie 20 min video and he is upvoted 2 minutes after posting). How is that not sketchy as hell? And then anyone disagreeing with him instantly gets flagged by the same people. And people wonder why others on this platform and pissed he is raping the reward pool, really?
You have people that document an entire trip, engage with people back and forth helping them plan there own trip, spending hours in discussions back and forth, earning a $2 for their efforts.
And here is Haejin, suggesting Bitconnect (a known scam) earning $350, but couldn't be bothered to spend 5 minutes to do basic research that could have prevented his viewers from losing 95% of their investment. What about RAIN, BERN, and countless other shitcoins that are down huge.
that's why it's good to compare different technical analyst. Haejin seems to not be too far off from the consensus of others, but sometimes it may be a little more optimistic or pessimstic I think maybe because it's motivated by self-interest (e.g. he wants btc to go up because he already bought at the last dip, but instead it went down recently). With that said, Haejin is one of the technical analyst I often check up on for btc movement predictions at the moment.
I agree. I look at as much TA as I can. I know I came off totally against him and that isn't really the case. I just feel there is some shady stuff going on and it is getting more and more apparent. I do appreciate him posting but at the same time, I feel he is hypocritical in his approach because he calls for people to defend him against the bernie sanders of the world, but then has no issue with his people flagging good content that disagrees with his TA.
There should really be a cap on the value of an upvote and they should do away with self voting.
If you FLAG #HAEJIN you will make more money on STEEMIT.
Join @FlagAWhale if you are tired of him stealing your #Steemit Rewards
I too was recently dissapointed in the performance of some of the "shitcoins" that Haejin recommended. No longer will I buy any more shitcoins.
Also I do think we are in a wave 2 correction as haejin outlined, based on my limited knowledge. I studied all of Haejin's elliot wave tutorial videos. They were pretty informative.