He has openly admitted he doesn't care for Fundamentals and his appeal is clearly just Elliot Wave Technical Analysis. It is possible to be successful purely using TA even though I think it is dangerous to do this without understanding Fundamentals, but that's not really the issue here. The question is - Is his stand-alone TA any good?
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Maybe there is some confusion in using the word Fundamentals. It seems to be used in the classical sense of fundamentals of the asset by one poster, but in the sense of fundamentals of the theory. If one dismisses fundamental analysis and favors technical analysis he still has to accept the fundamentals of technical analysis to keep hies views consistent.
"accept the fundamentals of technical analysis"
Oh, you mean, exactly like he does?
Do you even know TA?
What is the intended meaning of your 'cathchline' ?
@ponts wrote:
My reply on @buggedout has to be interpreted in a context respecting this comment.
The point is that even if someone is believing in Elliot Waves and Technical Analysis, the ongoing distribution of tokens does not allow its application out of its own underlying ideas.
@lexiconical wrote:
Maybe you should read comments more carefully. The contrary was the statement.
Obviously ! What about you ?
Just because he doesn't "care about the fundamentals" doesn't make my point go away. YOU CANNOT USE ELLIOT WAVE PREDICTIONS WHEN THERE IS A HUGE INFLATION EVERY SINGLE DAY. Why is this so hard for people to comprehend?
And yet, he did so and is making you look stupid.
Your point is valid, but it is actually not relevant to this thread. This isn't an argument of technicals vs fundamentals and if it were, and you actually were a reader of my blog then you would know what side of that debate I am on. It is about potentially settling a dispute with audit-able facts and performance benchmarking instead of screaming opinions at each other.
If you are correct then I will probably actually prove your point. Until then, pull your head in.
When you analyze a coin's potential value and increase in value, but you don't take into account that there's a huge number of these new coins being created every day, you're not actually doing a technical analysis. Not caring about fundamentals doesn't make the inflation go away, it just means you failed at analyzing the coin.