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RE: Bitcoin TA - summary of analysts - 11. Feb 18
so are your picks just limited to steemit - if so allow me to introduce myself...
so are your picks just limited to steemit - if so allow me to introduce myself...
I was just going to say you need to get BK; Brandon Kelly aka the Boss (bkcryptotrader) on that list! The Boss method is an unique analysis that all other TA's are missing which clearly demonstrates which way the market is moving. BTC is still under water and I think Philankonecrypto is most accurate we are heading down.
I agree. See my next reply:
I agree I find Phil analysis very well done and often accurate. I very much respect his analysis. And I know it is not as good represented in my overview due to his intraday focus - that is a problem of my overview I guess and I haven't figured out how to change it.
I have to disagree. i used to follow him but it's totally bs. Maybe that's too strong, but it seemed to me he makes totally arbitrary drawings that look catchy but don't have much substance to them. He certainly doesn't seem to keep a record of all his predictions (right and wrong) and share it like others do. He's nowhere near as technical and thorough as some of the others either, in my humble opinion. He also claimed to copyright a simple moving average technique, which is just ridiculous, and ego. He has a big following, of totally novices I presume, like I was. I don't like writing overly bitchy comments, just my opinion and i'm sure he's a good guy
His technique works though which can not be denied. If you go back and look at any chart it will clearly demonstrate entry/exit points. Which means it shows when you can make money and when you are going to lose money. Now is the method perfect for entry/exit as in picking the exact bottom and tops; no it is not. There are pro's and con's for every system.
i toned down my comments a little, but I still stand by them. I did however enjoy most the videos I watched whilst I was following him, but as I learned more I felt there was less value there. just my experience.
Before making any decision you want to gather as much information as possible in order to make an informed decision. The Boss method by BK provides a new perspective utilizing fractal harmonics that other trading systems do not offer. So its not a matter of one or the other but gathering as much data as possible to make the best possible decision for the desired outcome. I realize the strengths and the weaknesses of BK's system. For the average person getting into crypto's if they don't understand the basics, which way the market is moving they are most likely going to get owned. The Boss method allows the average person the advantage of knowing where the market is heading, understanding market cycles, and a very simple way to spot entry/exit spots. If an individual gets into crypto's not knowing this then they are simply gambling. However there are day trading systems and methods that may have a better advantage if one is looking to trade day to day. Right now all the known TA's are struggling to understand where the market is heading whereas the boss method clearly shows we are under water and still in a downtrend. As a result its a matter of using the right tool for the job.