@shello Please take a minute to peruse Haejin's portfolio from the past six months as affirmative evidence of his reputability. His technical analysis skills have been vindicated by a 95%+ success rate on cryptocurrency projections. Elliottician's are a rare breed of analysts whose methods may appear superstitious or even ludicrous at first blush, but results are results.
Skeptics may say, "well, given enough time, a monkey on a typewriter can eventually produce a paragraph from Shakespeare." First off, this sort of claim ignores the insuperable element of time. In technical analysis we are dealing with defined time and verifiable outcomes. Thus far, it is resoundingly so that Haejin's predictive trees have borne good fruit. You may well say in response, "everything in the market has increased over the past six months." Albeit there is merit to this statement, this does not vitiate the margins and magnitudes that Haejin has correctly called uo to three months in advance.
As for the claim that price leads market sentiment, this is by no means inconceivable. An example of this can be found in the recent regulatory threats by the Korean gov't. As price rises i.e. BTC marketcap breaking 300 billion dollars, governments start to take greater notice and become reactive. "The price" then drops in fear driven anticipation that the market will falter due to regulation. As "the price" drops, it reaches a threshold of resistance at which "the price" becomes appealing to investors on the other end. When "the price" arrives at a psychological level, people either buy or sell accordingly. Price fuels market behavior, that is why booms and bust occur in economic cycles. To analogize, events are triggered by price action in a similar way as to how technological innovation is triggered by the increase of human knowledge, as the collective pool of information grows, so do the innovations (ex. South Korea); vice-versa, as information declines, technology deteriorates (ex. North Korea).
booms and busts of economy have to do with intrestrates, fiatmoney and central banks. good damn learn more befor you write text phd like making me sleep...