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RE: Bitcoin (BTC) Morning Update: A Bounce Expected
Your complaint has to do with Technical Analysis in general rather than @haejin's application of it. All the analyst does is apply the principles as they see fit.
Even if TA has little merit in the practical sense, it provides the user a calmer appreciation of price movements - and in this sense it gives the investor a better starting point from which to invest. So from a purely psychological standpoint, I understand how it helps people cope with the stress of investing. I'm not totally convinced that TA really has some basis, but the point of watching these videos is not to follow them blindly, but trying to find value and disagree/agree as you see them.
To me at least, whether or not he is accurate is besides the point of these videos.
Technical Analysis to me is simply people who have figured out the algorithms of life and are applying it to the stock market. Just like a sunflower builds the fib sequence so does our emotion. Just like you can't argue a sunflower's seed pattern you can't argue EW/TA, it's a fact of life.
somebody who has an ideea of what he s talking about. I need to remeber.
It's beautiful isn't it? i fell in love with TA.
It's absolutely beautiful; it's almost poetic.
No, im not complaining about TA. Rather, pointing out Haejin’s objectively poor record at it.
You’re literally arguing against objective facts.