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RE: Bitcoin TA - summary of analysts - 26. Feb 18
I'm not 100% sure, but I don't think this happens very often. After 20 minutes I'm the 5th upvoter and have your post $0.10 value.
Then back to the summary. Just like a little while ago I had a look at their predictions 1 week ago. Just before the market turned from bullish to bearish. And 7 days ago all analysts predicted a short term bullish market. It turned out to be bearish.
Did they all have it wrong? Or is there another explanation?
You are right - sentiment generally turned out to be different to what most of the analysts expected a week ago.
It might be also that my "sentiment" isn't so well defined in terms of time period. For example they could be bullish on a 4-6 week basis but expecting a dip in the next week. That is not so easy to cover. But I have ideas how to improve my report to be more precise in the future.
I was actually also thinking about writing posts when the sentiment is changing. But then I first need to dig in to all their predictions.
I think I read that scientific research proceed that nearly all forecast models have issues with forecasting when there will be a turn around in sentiment. So perhaps it's almost impossible to do so.
None of the Steemian Crypto anaylizer has a crystal ball to predict the future....ultimately, it is your choice to know how to increase the probability of increasing your projection correctly....imo
Upvoted for good question and thinking critically...
Thanks for both the upvote and reply.
Especially since I always read that we should not be (to) critically. But I still think it's best to be myself and part of me likes to ask difficult questions and show data driven things like this.