I agree that NEO will continue to make huge gains and is positioned to grow into a top 5 coin, but I wouldn't say these patterns are typical of all crypto currencies. There isn't a magic formula. There are strategies that help determine good tokens and projects, but no one can tell you where the market or a coin is going to go for sure and the elliot wave a t-cup analysis is all fine but people can't be naive and think it is that simple. Find a crypto that hasn't gone up in the last six months, other then extremely low cap coins doomed to fail? Anyone can seem like they have all magical formulas or knowledge.
Take this for example. A individual emails 1000 people and to 500 he says a token will go and 500 he says it will go down. He can use the fanciest jargon to explain it. Next week he does that same thing with the half that was right. Then the next week he does it again. All the sudden he has a three week track record with over 60 people and he asks them to invest with him. Crazy thing happens, a lot do and stop thinking for themselves.
I certainly respect haejin and his predictions, but what chart in crypto can you not find patterns for? What cryptos haven't seen tremendous gains in the last months?
almost none of them hahaha. You can pick any random coin with a good pattern and it will skyrocket, just gotta sell before the top. Thats what haejin is implying, that the sentiment is bullish across the board and the state of trend is shown in the pattern of the coins.
Corrections don't care about fundamentals they will happen whether we like it or not simply because people who invest early will need to take profits and its is natural for a system to revert to the mean.
This bullish sentiment shows itself in the patterns of all the altcoins. This is because of mans love of speculation. I think what only matters is your trade volume at this point. You can put in low amounts in low volume coins make a 10x gain and liquidate that before the correction.
Random coins with dead developer/rookie developers that no ones analysed or knows about. They skyrocketed. Why? because people are bullish on the market and are speculating, the sentiment is shown in the pattern and price action.
https://coinmarketcap.com/currencies/evotion/
https://coinmarketcap.com/currencies/vsync-vsx/
We didn't buy nor invest in crypto. We decide to give up on the fake financial world and move to the genuine fair model. The stored resources (money is a store of our resources) in crypto are preserved, while in the bailout regular financial world, it's not.