RE: My view on @Haejin. An unbiased opinion, new followers should read this before investing.
I honestly think that his only mistake was not including a Risk Disclaimer in his TA (Technical Analysis-for all those who are wondering)..then again I only saw a single video.
Technical Analysis is VERY subjective.
A single chart could be analyzed a million different ways, and NO ONE PERSON knows the future, so it is safe to say that NO ONE can predict with 100% accuracy what ANY chart will do.
This is the nature of the trading game. Be prepared to be wrong, and if you might be wrong then BE SURE that you are comfortable with the amount of Risk Capital that could be lost.
Sounds to me like you were expecting him to be right just because you trusted him. If he has broken you're trust, I'm sorry. If anyone took a loss because you trusted him, I am very sorry.
FYI: I don't know @Haejin. When I became active here I started following anyone with a decent following and high reputation.
I agree, TA might be just load of BS and at the beginning there were many times when I thought exactly that.
However it's worth learning it if you are into trading because it seems that a good amount of people follow it and since the price is dictated by the people it's a useful tool if you are trying to stay ahead of the game.
Yes, I trusted him...at first with doubts, then almost blindly after making profits from his calls , then as more and more signs of greed appeared I started asking myself all these questions. And then I've lost any kind appreciation when I've seen his payed teaching class & and the fact that even though BTC is falling hard he is still calling crazy amounts of gains on some random coins.
I was lucky enough to have the time to learn and try to do TA myself and even more LUCKY to spot the signs of the current falling price. And I doubt most of his followers like me had the same luck/time which I why I want to warn them.
Well his BTC TA predicted a drop (his alternate count). Once his primary was out the window and his secondary was still in play, he should have stopped the alt suggestions. That was contradicting advice.
The worst was BCC suggestion. So many people said it was a scam. 5 minutes of research would have shown him that. It should have been deleted, but it stayed open and he made some good money on it. people lost 90%+ on that advice. The worst part is if someone disagrees with him they get flagged or attacked.
Every time i posted against his TA i had to defend myself to no end. He did not.His sheep came in to his defense, insulting me even when i was right. So he has no problem people sticking up for him, but doesnt comment on "his people" attacking people disagreeing with him
I agree with this.
He doesn't seem to follow a lot of news and online communities (like Reddit)...
Agreed, if you watch his videos he has lines drawn showing alternate scenarios which could play out based on the price action, but sometimes he doesn't actually talk about those alternate scenarios which then come to fruition. Once it happens, everyone cries foul.
If you look at the last month of his BTC predictions. His primary count has been wrong every time. And it has always become his alternate count.
Now not saying there’s anything wrong with that. But when you have such a poor strike rate with your primary counts it’s begs to question how good you really are at predicting primaries and TA. Since alternate counts are essentially just predicting the opposite of a primary. The argument that his alternate came true therefore proving his proficiency is invalid as 100% of the time price will either rise or drop therefore fulfilling either the primary or alternate counts.