Applying Elliot wave analysis without using fundamentals is a perfect recipe for disaster. People who are subscribing to the theory that just because Elliot Wave analysis says that the next wave is up means something is going to go up for no fundamental reason, be prepared to lose your pants off! Ethereum Classic in my opinion is a shit currency. There is no reason for its existence.
PavelNG
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@jameskuah, Rather, you are such a commentator as you think this coin. In addition to insults, he himself said nothing in the matter.
jameskuah
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@PavelNG, Well you are such a naive and noob trader. The call was made for Ethereum Classic to rise was made on 23rd August. It only started its move on 1st September. From 23rd August, ETC moved lower and there was little or no action. I can guarantee you 80% of the traders out there will not hold on such a trade including yourself. Unless you have fundamental convictions for the existence of Ethereuem Classic which is basically the same as Ethereum, there is no way one would have held on to this trade. Which is why I said that technical analysis without using proper fundamentals is a recipe for failure. And this is a forum, so I have the right to state my opinion here but at least I wont do it in a bad and poor english like you are doing yourself. Please go and brush up no your english before making comments. I can barely understand you.
PavelNG
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@jameskuah, So much text? Well, well ... Are you a troll?
mssk
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@jameskuah, That's unfair. The call was made 23rd August with two clear buy zones and a clear indication that an upside bias was in play. There were two upside zones where he indicated you could close. He closed when the first zone was hit.
I fail to see how this has been anything but a successful profitable trade for him. I've also seen plenty of opinions out there pointing to ETH and the real shit coin and classic as the good coin.
aponeill27
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@mssk, Sorry i'm a newbie to this. Is excavo advising to sell etc at this point or does he predict it will rise to the intersection of the 2 black lines? Thanks
Young_Satoshi
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@jameskuah, Would love to see your charts, please? :)