RE: Bitshares (BTS) Correction Analysis: Is it done yet? Check out this blog report!
I see the same chart, one is in log scale and the other is in standard scale.
I see both charts pointing towards an ABC correction for STRAT, roughly in the area of $1.30 USD per coin before the C correction wave might be finished. Again all of this is just an estimation, since no one has the ability to pinpoint numbers with 100% accuracy.
So, two questions for you:
- What do you see in the charts for STRAT in that post?
- What exactly is the point you are trying to make?
Haejin has stated numerous times that his TA doesn't clearly define timeframes, but rather overall potential movements in a chart that people can look out for.
My understanding is pretty simple, the ABC corrections are not done yet and might not be done until STRAT is in that $1.30 area. STRAT is currently $2.84 so it has a ways to go... perhaps it'll drop further just like all the rest of the alts up until the 2X fork.....? Hmm... maybe.
Where can you see on the updated chart on the post $1.30? One of us is completely blind.
Right click and open the image in the comment, in a new tab. Should be much easier to see the tail of the C correction wave ending roughly around $1.30.
I can see $3+ on the updated chart. Doesn't matter otherwise, not just this prediction was wrong. Maybe I start a blog where I collect all the wrong prediction because this is quite dangerous game.
do it then dont say do it
if its that dangerous then dont play
That is the dangerous when people are thinking they know the future. It was my mistake to lose money because I followed these people advice.
Are you sure you're looking at the same chart? I've illustrated below, what I see as the terminal end of C... (please make sure to open the image in a new tab!!!)
And it does matter, because it's likely you might be reading the charts a little incorrectly and that won't help you make money.
Don't this chart look at. Check the second one in the post under the link. That one is the updated. This one Haejin made today.
https://steemit.com/bitcoin/@haejin/strat-update-short-term-target-usd11-03-long-term-target-target-usd140-35x