Dear all,
I don't know for you, but since I cought this crypto-bug, I keep watching other people's TA and try to anticipate the next steps . What I realise is that none seems to get it right, unless we are in a obvious bullish case. In these circumstances, when market goes up, we all take confidence thinking that we are good analysts.
Well, well, in a bullish market, even foolish make money ...
Slowly, slowly, I am reaching conclusion that nobody can anticipate in a continuous way market trends. Best analysts I have seen out there are only good when market in in calm waters.
I have also noted that understanding analysts is misunderstood. Leading to hostile comments to these volunteering guys. In my opinion the reason is due to the misunderstanding of their vision. If you are short term trader reading a "medium term" analysis saying we are bullish. That does not necessarily mean that we are bullish on short term. I saw may good and dedicated analysts receiving blasts for not much !
Anyway, all the story to tell you that I am coming soon with a grreat indicator. STay tuned.
I have built this chart based on the Elliot Wave few days ago. It seems ot follow the line for now. Let's hope I am right untill wave 5 !
I don't know for you, but since I cought this crypto-bug, I keep watching other people's TA and try to anticipate the next steps . What I realise is that none seems to get it right, unless we are in a obvious bullish case. In these circumstances, when market goes up, we all take confidence thinking that we are good analysts.
Well, well, in a bullish market, even foolish make money ...
Slowly, slowly, I am reaching conclusion that nobody can anticipate in a continuous way market trends. Best analysts I have seen out there are only good when market in in calm waters.
I have also noted that understanding analysts is misunderstood. Leading to hostile comments to these volunteering guys. In my opinion the reason is due to the misunderstanding of their vision. If you are short term trader reading a "medium term" analysis saying we are bullish. That does not necessarily mean that we are bullish on short term. I saw may good and dedicated analysts receiving blasts for not much !
Anyway, all the story to tell you that I am coming soon with a grreat indicator. STay tuned.
I have built this chart based on the Elliot Wave few days ago. It seems ot follow the line for now. Let's hope I am right untill wave 5 !