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RE: The Launch of www.Haejin.com; the platform for Crypto and Stock Analysis!!!
What made you realize he doesn't know EW rules and he's off with his TA?
What made you realize he doesn't know EW rules and he's off with his TA?
Now let's talk about his TAs.
On bitcoin.live there is an alert section. He made a ton of TAs there. Almost every day. It's easy to go back and see what the result was.
He is/was bullish most of the time in this bear market. So his TAs were saying go long most of the time as well. Without stop loss. In the long deep bear market.
He was also calling a massive descending BTC triangle bullish. Triangle can be ascending, descending or symmetrical. It's not a science - it is only about drawing two (2) lines and you can see which one is it.
Same with LTC. He posted it here - on steemit.
He is looking to make as much TAs as possible. But quality of TAs are really poor.
I've seen his TA with a wave 2 even when it went below of origin of wave 1. Because he simply didn't check it.
I could easily go on. I can post a ton of examples and/or TAs if you want.
I studied the EW book myself. And than I joined another (payable) group to help me to study/understand EW in details . We were getting responses from EW Internatonal for parts of the book that are not clear enough.
Most rules are written on 5 pages by the way. But he either doesn't know them or doesn't follow them. You can see this his TAs in videos very often.
And I'm talking only about rules.
There are a lot of other important parts in the book like guidelines, Fibonacci...
Haejin will call something a Leading diagonal. But I never seen him measure waves within to check if it is complaint with the rules for Leading diagonal.
Once he even made a leading diagonal case on BTC where 3rd didn't make new price extreme compared to 1st wave :D
On bitcoin.live Haejin stopped answering my questions and comments every time I went in details.
Can you imagine you are a "Founding member" on bitcoin.live and you don't get answers when you ask something?
Here is an example that sums up most of my writings in previous posts.
VEN crashed hard after it. And it was delisted from Binance as well. You can't find VEN coin on Tradingview.
No stop loss, poor TA in terms of EW. Talking about feelings - but shouldn't TA be as objective as possible?