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RE: Bitcoin (BTC) Morning Update: Revised Impulse to $9,700
So where is the impulse? Any decent analyst could have called this, yet once again @haejin completely failed at his (who knows what number TA this is...) 40th-50th look at BTC. He hasn't been right about anything the last few months.
Yeah, you think with 10 different scenarios on BTC going at a time he would get one right? But then when he finally does get one right like SPR he brags, but what about all the missed ones. Bitconnect, Rain, Bern, I could go on for days.
BTS is a good coin, his calls were just brutal on it. He has predicted an explosion a dozen times since its last big surge. same with a bunch of others. I hold BTS but never bought anywhere near what he suggested was a break out point, those were just terrible calls
Exactly the same advice for You. Learn, even a bit yourself. Anyone who knows more or less anything about TA knows that correction retraces most frequently to the level of 4th wave of previous cycle, but can and often goes as low as the bottom of wave 2, sometimes even close to start of wave 1.
In this short correction we're in, it chose a deeper retrace. Nothing to add. No matter how many indicators You stack, one over another, You can only guess how deep the correction will go, so You choose the most probable (most frequent scenario).
If You knew anything, You would know that what's happening now doesn't change a thing, literally NOTHING in this particular prediction. The target stays more or less the same, the path is changing with time.
Impulse up is still due.