been following Haejin's analysis for a few weeks now. seems like everytime he expects a series of subwaves to complete and expects to move up, but everytime we reach that point we are drifting further down, then he updates is analysis to next targets before saying we could move up, then we drift further down. seems the market is getting lots of downward pressure on any attempt to move up. I guess it doesnt help when one bull day can be wiped out by the 1 hr dumps.
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Haejin is great in a bull market - go to his steemit and have a look at all the stuff from September onwards when all the alt coins etc were going off - he nailed it time and time again. I have found though that since the market took a bearish turn he does not respond well and his analysis is continually being adjusted downwards.
yep, but in his defense, lots of people have been surprised by this 70% correction, the cup and handle failure that turned into a dbl top also seemed to have been surprises. very unpredictable market, as always!