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RE: Oyster (PRL) Could Have a Profit Pearl!!
@Haejin What do you think about my RDD/BTC Analysis? I would very much appreciate your feedback! Thank you very much in advance for all of your had work!
@Haejin What do you think about my RDD/BTC Analysis? I would very much appreciate your feedback! Thank you very much in advance for all of your had work!
Well said @smithsen i am trying to tell everyone here that this is not only thing . But people thinking i am promoting expert @salahuddin2004 .we have to take everything in consideration. Why i like @salahuddin2004 because he dont rely on one indicatior. Now look at haejin , in 14 hrs he changes three statements about bitcoin TA. @salahuddin2004 give a buy signal at 10k .so you tell me which one you pefer.
Thats why i love expert @salahuddin2004 he dont rely on single thing. Haejin only knows elliot waves. Its a truth. Think about these things.Goodluck
What do you guys think about buying this? https://steemit.com/bitcoin/@investingtips/this-is-the-real-bubble-not-cryptocurrency
Yea - we should understand the logic behind the prediction and take decision accordingly. If Elliott waves are so accurate then everyone investing basis @haejin prediction will be millionaire soon !!!
nothing to say.... cheers
Your resistance line is a SUPPORTLINE because the actual price is trading above this line!
This yellow line is drawn strange. Normaly it should connect the bottoms of candles. This line you are drawing is in the air for me.
Thank you for your response. The line is actually not drawn in the air and it is touching the bottom of the candle bars. The last light, which is looking like its drawn in the air is actually not yet completed. it needs to go down to touch the yellow line before it either shoots up or down as you predicted.
Your yellow line doesnt connect at least 2 points. I only can see it touches at B. I predict nothing. Its only possible. Maybe you are right... If it goes under low price of B i would defenetly sell instead of hope...
I couldn't agree more. You are awesome! Thank you so much for taking the time to look into my graph and share your perspective! : )
Good. What are your alternate counts?
@haejin - I am practicing statistics and have expertise on multiple tools which can used for predictions. Though I agree Elliott Wave is one of the ancient method being developed in 1920 by Sir Nelson, but looking at the current world dynamics post certain limitation to this method. Here the points to consider - the first of the three objections is simply that the theory contradicts the Efficient Market Hypothesis. The counter argument goes that if Elliott’s theory were true and correct then all investors wise to the “trick” would act on it, and in doing so, destroy the very waves they had measured and discovered. The second is simply an observation that wave principle in general is too vague to be of specific use since it cannot consistently identify when a wave begins or ends, and that forecasts using this methodology are prone to subjective revision. Finally, there are some who believe that the principle is “too dated” to be of use, or even applicable in today’s markets. That technological, governmental, regulatory, economic and social changes have all occurred since the theory was first put forward, but that the theory itself remains unchanged and thus, unable to adapt to its new environment, or serve as a reliable predictor.
There are other reliable statistical tool and concept which can be used to better prediction considering aspect of panic selling, monopoly, uncertainty.
My 2 cents - Elliott Waves is one of tools to predict but not the best one. So please consider reading white paper, severity of the issue addressed by the coin, team background instead blindly relying on prediction graphs and past performance which are built considering assumption which may not hold right in the current dynamics.
Truly said. Elliot Waves prediction is outdated.
"prone to subjective revision" -good one :)
Effectiveness is the measure of truth and Haejin has an amazing track record. Science and quantum physics continue to prove Elliot and Fibonacci are more than just a theory.
I'm always wanting to learn do you have any good links to lessons about the technical analysis you mentioned?