What are your thoughts on this? Speaker suggest that Bitcoin is not following any of the technical analysis...
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What are your thoughts on this? Speaker suggest that Bitcoin is not following any of the technical analysis...
Hi @good-karma,
Elliott Waves states that news or events shall arrive to justify the forecast and never the reverse. This means news does not move price, rather price moves the news. Price is the earliest reflection of sentiment. News and events are earlier reflections of senitment but more downstream and not as early as price.
Ther is a quote: "What are words, but symbols of symbols, hence, twice removed from reality." So, price is a reflection of sentiment which itself is reflection of thought. So, price is not perfect, but is the most earliest or direct reflection of thought and so price analysis gives the earliest and most accurate peak around the corner. Technical Analysis is a process of identifying as many possibilities, narrowing down to a handful of probabilities and then selecting the primary and alternate price pathways to forecast.
This gentleman is using the news, events, fundamentals...all downstream to Price from a reflection of sentiment perspective. I disagree.
My projection: Dow 45,000; SPX 6,500 in the next 12 months.
Bitshares: $342 in the years to come
Bitcoin: $3.6 Mil in the years to come
If you'd like, we can chat via skype, please contact me at haejin_crypto@yahoo.com
PS: An upvote consideration would be much appreciated. The objective of my blog is to help and do no harm. I have so far an impressive record of calling about 94% accurate calls leading to MASSIVE profits. I'm giving away my secret sauces learned in over 20 years. Upvotes help me gain visibility so many others can perhaps see my blogs and be helped towards greater profits. I show and teach my techniques freely and without reserve...it's my way of giving back.
@haejin - thanks for your long term predictions on Bitcoin and Bitshares. Do you have any long term price predictions on EOS, Steem, Ethereum or any others, which are good long term holds for people who just want to put some in the bottom drawer and not trade them? Cheers Scott
Such a blessing to have your wisdom on our side. Thank you.
I will be thinking how to guide my children to use any Massive profits for doing good in the world...maybe build a hospital or clinic or housing for the less fortunate. Thank you, Haejin 🙏
Thank you for your comment! Very interesting quote, i do agree with your comment, news/events are reflection of price in some ways. Upvoted! Keep up the great work, brother!
I keep feeling like this huge impending vertical for BTS and BTC is next year (much closer), looking at whats happening globally and the rate BTC is climbing and the rate of people entering crypto. I heard someone say online (if its true) over 100,000 new crypto accounts are requested on exchanges every day!!
I feel this huge need to hurry up in obtaining more of these two. I realize this is more news based.. but reflects my own personal sentiment of the topic, 100 monkey effect could kick in soon across the masses for crypto.
Even in the last two weeks alone I am noticing more mainstream news articles talking bitcoin (good & bad), more people in my workplace, even at the gym.. seems so close..
Always up-voting of course, and re-steeming.
My personal strategy is get as much BTC, BTS and XVG as possible, hold dont sell until ''the event'' and trade the rest for some profits and to pay for more of these beauties!
HAEJIN THE BEST!