Elliott Waves states that news or events shall arrive to justify the forecast. To that end, Elliott Waves really just identifies as many probabilities and narrows them down to a handfule of probabilities from which a primary and a secondary are selected.
Can it predict the pumps and dumps? Well, it can provide the direction best and it that comes with a pump or a dump...then it's inherent.
Please review this morning BTC update as that could answer much of your questions, especially the below with regards to rumors, wars, China, Roger Ver antics, etc:
I know the lesson @haejin because I follow you blindly.
And I know that the TA precisely detects the symptoms of a pump or dumb, however if I had the power to manipulate the purchases and sales as obviously this is happening, I would use the TA for these to indicate what suits me.
That's why I understand that lately in your TA there are up to 3 or 4 different scenarios, which I think is great since in the end it is a warning to "be careful"
There are ALWAYS many scenarios. It's all about trying to find the most probable scenario over the many many possible scenarios. Please do not follow blindly. That is not the purpose of this blog. This blog is intended to teach you how to do this yourself. NOBODY is correct all the time (dont tell haejin that, haha) but really, not even haejin. And god forbid anything happens, but things do change, and if haejin were no longer here to guide you....you would just be blind.
@haejin is an IA and will allways be here!!! hahaha
when i say "follow blindy" it's a way to say that he brings me closer to the side of the light (TA) and not to the dark one (rumor/news) ;)
It is obvios that it's me the one ording my buys or sells, HOWEVER I WISH IT WAS @haejin loool
You got it!
I wish you MASSIVE profits!