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RE: Bitcoin (BTC) Evening Update: $30,000???

in #bitcoin7 years ago

@haejin thank you for some more TA wisdom. I have a question regarding the adjustments you must have to make between producing your blogs/videos. For example, in today's morning update, you said the top we were experiencing, or almost experiencing, would be the end of a white wave #1, and that a correction would likely follow. Now in this evening update, the price moved a lot higher, so you moved the top of the white wave to match it, but this is now a white wave #3. I understand that as the price moves, you have to be willing to change your probable price pathways to reflect that movement. But how do you go about making calls like that? What is your process, when you leave the chart and it looks like it's the crest of wave 1, then come back to it and it's different? How do you decide to change your counts and move the targets? Whenever you make a video, you explain very clearly how you got to your conclusion. Then you do the same again with the next video. But sometimes there's a big discrepancy in between them, where the price moves unexpectedly. I'd love to hear about your approach in these situations.

Also, in your essay you talk about needing a different tool to chart time, than the tool you use to chart price. Have you looked into Fibonacci Time Zones at all? It looks like they could be applied as fractals to potentially do some magical forecasting. What do you reckon? Here is a link to an analyst on Twitter showing some examples.

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Different degree of trends. I go from subwaves to higher degree of trend waves.

Find work for sentiment derivatives. Time is not.