I agree with you.
You're saying that he was the one that caused the price to go so down? I call BS. Here's my reasons for this:
S3052 claims to predict the movements - the congratulations seem quite adequate.
In that case - yes. But there are unite a few people around here that seem to think that he is "the manipulator" and his analysis moves the market in whatever direction he wants it to, which is BS.
The bitcoin market is small, but way to big for my analysis to move the market in any significant way. The forecast only works if the analysis is spot on. I have observed that if my forecast is wrong, the market tells me quickly.
Fortunately my analysis is more right that wrong.
I have to disagree with the premise that S3052 does not influence the Bitcoin market. I will share my personal experience. I am not a subscriber, but I do follow S3052 on this forum, http://www.bitcoinbullbear.com/
. Now over the last 30 days my own Bitcoin trades have amounted to 2% of the volume on the Canadian Bitcoin exchange https://www.cavirtex.com/
. Was I influenced by S3052? Yes. Was that the only factor? No. If one individual who is not even a subscriber can account for 2% of a not insignificant Bitcoin market, it is not at all unreasonable to conclude that the only analyst that consistently publishes Bitcoin market analysis does influence the market.
Now S3052 provides a very valuable service to this community, and I am sure that subscribers receive excellent value for their money provided the information is used correctly. Technical Analysis based upon the Elliot Wave Theory is ultimately about probabilities, as there is always more than one possible interpretation of a chart. A good Technical Analyst only needs to be right more often than not in order to provide a valuable service; however those receiving the advice whether subscribers or not need to understand the foundation behind the analysis and also the impact of the analysis on the market before making a trading decision.
Does S3052 influence the Bitcoin market? Yes
Does S3052 provide a very valuable service to subscribers and non subscribers alike? Yes