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RE: VERGE (XVG) Is Following Bitcoin (BTC)

in #verge6 years ago

Everyone does realise there’s so much confirmation bias dont they? If he keeps calling for coins to go up from points where they’re obviously low and in correction, they will eventually go up because there’s nowhere left for it to drop. I can just repeatedly call for coins to go up and ill be right because eventually they will - days, weeks, months, years down the track they will.

But no one mentions it or calls him out when it goes the opposite way of his calls. They just say “Oh yeah, it’s all just part of the correction - he doesn’t have a crystal ball you know”. But then when it goes up - “he’s a genius!”

Where was his call that we were at the terminal end of a wave 5 with nearly all the altcoins and it was time to bail? He often says that best time to sell is terminal end of wave 5. If he’s such a master of TA why couldnt he see the obvious snowball rolling down the hill towards us?

Either, 1. His TA is really not that great. 2. He’s playing us all for fools. 3. He’s just stabbing in the dark in a bull market.

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I love the guy but i was starting to notice/think the same thing. Some of the "bullish" triangles he kept pointing out were just "3 desending peak" patterns.

Also, you are right about these 5th wave. A ton of these coins were at the end of their 5th wave and nothing of this was mentioned either.

Ive actually picked a few undeveloped coins myself and came out with some gains. Hes been right on the undeveloped coins but so-so with the bigger developed coins. Hes been completely wrong with BTC/XVG for over a month now.