Risky post, but decided to reveal the truth!
I was following @haejin and his posts since I came on Steemit, but more I reviewed his post more I understood he is posting crap around 10 times per day :)
Interesting thing that every day he's picking new cryptocurrencies and updating only Bitcoin, perhaps he's afraid to update other cryptos due to wrong original analysis!
I decided to show you some of his nonsense or wrong predictions (there are bunch more, but don't want to long post so picked recent ones):
ETC analysis https://steemit.com/bitcoin/@haejin/ethereum-classic-etc-analysis-sideways-price-movement-could-end-like-this
Quote "There is an alternate where WXYXZ corrections can form the final Z wave as a triangle. This is much more common in Cryptos than in equities and so awareness of this alternate could be helpful"
Please somebody show me such structure where you will find z wave with triangle :) It just can't be as triangle pattern develops only in corrective waves, not impulsive ones and z wave is impulsive
Example:Decred analysis https://steemit.com/decred/@haejin/dcred-dcr-could-start-a-second-impulse-motive
Analyzing any chart of crytocurrency compared with other crytocurrency you cant see the real structure! Without it any analysis is worthless. If you pick a chart in USD you see DECRED moving in descending channel, and there is no break out:
DGB analysis: https://steemit.com/digibyte/@haejin/digibyte-dgb-projection-to-late-fall-2018
There was no ABC correction, so TODAY's chart looks so:
VEN analysis https://steemit.com/venchain/@haejin/vechain-ven-primary-and-alternat-both-bullish
Quote "VEN placed a classical wave five up (circled white) followed by an abc flat correction...."
Here's how looks like "flats" in real!
Quote from the same post "The alternate count shows a potential abcde triangle pattern. This means that waves d and e still remain. Regardless, if this is the pathway taken, the upside target remains little changed."
https://steemit.com/venchain/@haejin/vechain-ven-primary-and-alternat-both-bullish
At such point where you have only 2 completed waves (1st down, 2nd up) and 3rd in the making, nobody can predict it's triangle pattern!
This is why you can't do that (the chart TODAY):
IF YOU FIND THIS POST USEFUL TO YOU, RESTEEM IT TO OTHERS!
Your crypto_analyst
@andriustovis
Coins mentioned in post:
Not sure if you have heard him constantly saying correction has 36 possible combination.
Just an FYI.
Thanks, but what you are showing is usually complex B waves! I have seen such structures in forex market but never on bigger degree in crypto market! If you will show me such structure on any crypto will transfer you 0.1 steem dollar!
I am learning as well. Will look into it...Thanks for the advise. :)