SUMMARY
I'd like to share my understanding of how and why Technical Analysis works. It's a comingled effect of my training as a scientist, business executive and musician. So, yes, it's a perspective through my set of unique lenses and just perhaps, our lenses could have some "phasic" overlaps. While many debunk outright the utility of Technical Analysis as nothing more than reading tea leaves, I clearly disagree from both experience and unbiased views.
The basic tenet of Technical Analysis is that sentiment drives all price actions. Simply put, price is a reflection of sentiment. This sentiment is an aspect of duality composed of Fear & Greed. These are opposites of each other and each alone can not be in this world. Both move in waves or cycles and all according to the Fibonacci Golden ratio. Nature's biology to the immense spirals of the galaxies and even the molecular helix turns of our DNA strands abide by this Golden Ratio. Sentiment is no exception as its ebs and flows occur according to Fibbonacci sequence.
We are all familiar with Einstein's special theory of relativity or the below equation which states that mass and energy are the same. It is the energy mass equivalence principle.
To me, this equation embodies sentiment. Allow me to explain. In the equation, C2 is speed of light that posseses the photoelectric effect, and the basis of all life begins with light and this is an undeniable tenet of our world of form. Plants converting light into energy using water and CO2 is an actual application of Einstein's equation. This way, energy contained in light can be converted to mass, in other words transferred. This is also why water, light and magnetism are essential for a planet to harbor life. Mars has light and water...but it's dead in magnetism and thus will never harbor life.
Having said the above, sentiment is an expression of energy that is chemically conferred. All biologic material absorbs specific light frequencies. The amino acids have an aromatic molecular ring that are designed to absorb uv light of a specific frequency. What happens when your skin absorbs sun light? It gets warm. There is no difference at the molecular and atomic scales, when light is absorbed, energy is gained. This is called the photoelectric effect for which Einstein was awarded the Nobel Prize. This is why AM sunlight contains more UV-a light and has significant impact on your hormone homeostasis while PM sunlight is more rich in UV-b which activates your vitamin D synthesis as well as sulfates cholesterol. Water is the most dielectric molecule and thus essential for life and broadly absorbs light frequencies to attain the third state of water called the Exclusion Zone (EZ). This EZ coherent structures allow water to have semindocutor like properties that surrounds every protein in our bodies. When water takes on EZ structure, it has a plasma crystal feature and acts similar to a semiconductor which is paramount to enable interaction with photoelectric effects and magnetism. A bit complex and your head could hurt with all the quantum physics. By the way, getting a good dose of AM and PM sunlight is critical to good health. Sunlight in your eyes and skin..no sunscreen needed.
When hormones absorb light, it is a quantum event. The gain of energy in a living being in effect reduces entropy. If entropy is allowed to go to equilibrium, then you have a dead body, a non-living mass. So, thoughts and feelings are quantum events. To me, this means that sentiment has to follow the laws of E=MC2.
I had earlier indicated that sentiment is another form of conferring energy. For me, the bottom line is that not much can come before sentiment except thought and before that is Perfect Thought. There is a famous saying in the Plato's Republic Essay: "what are words but symbols of symbols; hence twice removed from reality." You might also be familiar with Plato's Allegory of the Cave which too has the same rationale.
So, thought is expressed as sentiment, a form of conferred chemical energy, which is reflected and expressed in duality: Fear and Greed. For cryptos, such expression is seen in its price actions. This is also why measuring price movements can't be perfect as all techniques are twice removed from "Reality". This is why Elliott Waves need updates and edits with new price action data as it only measures the reflection of sentiment.
It's important to remember that no Technical Indicator is less than "Twice Removed" from reading sentiment. The only object that can be "once removed" is called a Crystal Ball and unfortunately no living being possesses that. This is why experience is so vital to enhancing the accuracy of TA. More specifically, failure experiences. I'm a firm believer that failures teach better than successes. A novice pianist will always be poor compared to a seasoned pianist. A novice in Technical Analysis will always be poor compared to a seasoned Technical Analyst.
I humbly state the following: As a Technical Analyst, I thought I was pretty good after five years and really good after 10 years. Now, after 20+ years, I always realize that I'm still improving.
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
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Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
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Tutorial on the use of Fibonacci & Elliott Waves
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Essay: Is Technical Analysis a Quantum Event?
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@haejin you are really not doing yourself any favours here.
This is not new content and is word for word the exact essay that you have posted 4 months ago, it is just copied and pasted . The least you could have done was to decline payout on this one alone!
https://steemit.com/busy/@haejin/2qmas8-essay-is-technical-analysis-a-quantum-event
Flagging only for unoriginal content.
he said in one of his videos from a couple days ago he was going to repost this article, I mean is his article he can do whatever he wants with it. don't upvote if you want.
Oh of course - it's a fantastic article and I loved reading it both this time and last time when I upvoted it 100%.
However, to expect another payout (especially in excess of $200) for a post which is simply a copy and paste is an unfair take from the reward pool. The payout was already received by @haejin in his first post, so why would another payout be fair?
If everyone copied and pasted their old articles the system would be full of regurgitated post's.
If your not familiar with how the steemit system or reward pool works, please take a look here:
https://steemit.com/abuse/@public-eye/why-the-beef-just-do-what-haejln-does
You've been very active in bernie's comments.
Thank you to all the brave Wizards and Knights of A Cave Troll Quest, justice is here, it's no longer 'just us'.
Um, what the hell are you talking about? Oh, you're another troll who can't create your own content. LAME. Muted, good-bye.
Yes, certainly, do you have a million dollars?
These are what shit posts look like! Dirty gray in color just like the Donkey himself!
i agree bro. i am fan haejin
Yeah I also agree @cryptosingle😊
thank youu for your cryptocurrency information
The difficulty is, no matter how much experience we have, no one can predict the future... if you could, you would use it for more than crypto TA! :) Please don't take this the wrong way, I believe in TA to the extent that it offers everyone the ability to risk manage... understanding how likely a situation is going to occur (through technical analysis) allows us to manage our risks... because every trade is a risk in itself, how well you manage those risks will determine your success as a trader. Thanks :)
Thank you for your wisdom and insight. Your philosophy is true to technical analysis but even more true to how life is created and lived.
This is a very valuable post!!!
thank you for sharing ,,, I am upvoting you............
This is one of your best articles. It takes some deep thinking to connect chart patterns to Quantum physics! I have noticed (after learning from your tutorials) that fractals repeat so often in the charts. It’s interesting that each chart might have different fractals, but within a chart, the same patterns repeat.
Thank you for honoring the teacher in yourself. We all benefit from your experience.
This essay has been posted at the bottom of his blog for the past several months, so don't get too excited. Still, it's a great read!
Amazing Articles Here. If i decision for top article writers i suggest this article. Love it
So you are a scientist, business executive and musician? Is this combination not too much for you? Well no wonder you are an indefatigable steemian and a success for that matter.
too bad the science presented is faulty or even wrong
Looks like the rats are back.
This is a beautiful essay. Thanks for sharing these valuable thoughts and reflections that you have gained throughout the years. Indeed everything is interconnected and the cryptocurrency market is just a mirror of our fear of losing money and our greed to have always more. I'm grateful to have joined Steemit and be able to read such a great content. Kudos to you!!
I've upvoted this because I think it will generate a lot of discussion. However you're use of the term 'Technical Analysis' is amorphous and ill-defined. That said, you make some interesting points, but beat around the bush quite a bit before making them.
When using a bulk term, such as 'Technical Analysis', the reader should have a firm understanding of the term within a sentence or two, or, at the very least, within the first paragraph. However, upon reading the first three paragraphs, I have no Idea what said term stands for. I suppose you're speaking to an exclusive crowd that will 'get' the term, but in general, to increase mass appeal, I recommend assuming that no one as seen the term 'Technical Analysis' in the context you present said term in.
Coins mentioned in post:
cool.
@haejin bro... I need your help.
good post :)
I post good quality memes, to entertain The Whole Community, check my timeline!!!
I post good quality memes, to entertain The Whole Community, check my timeline!!!
Thanks for sharing @haejin
Great job
Amazing @haejin don't forget to upvote my post @madi95
What post are you talking about @madi95? Your lame comment, which took about five seconds to write? Seriously, you think you're going to earn anything with that content? Go back to the drawing board.
we are here all sycophants, do not look face on the post @haejin to get upvote. Do not interfere with what I write.
Umm, what are you talking about??
Wow, I sort of took a dump on you last week, stating how I believe it's a joke that TA is a quantum event, but you just changed my mind. This is extraordinarily written. You my friend are one talented soul. BTW a musician ay? What instrument? Keep it up Haejin, much respect to you.
Thank you for sharing this again. I somewhat agree what you have felt from analysis tons of chart for cryptocurrency. And I got inspired most of your insight. Apprieciate it! Upvote :)