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RE: $STEEM/BTC Technical Analysis
Thanks alot for the compliment, I will defo try and do my best to keep this up on a daily basis :)
Thanks alot for the compliment, I will defo try and do my best to keep this up on a daily basis :)
Since you invite critics :)
Sorry but technical analysis isn't quantitative.
What you're experiencing is apophenia.
Price analysis makes absolutely zero sense if not based on a positive ev strategy (e.g. using normal distribution models, like market-makers do).
Moreover, I would add that price analysis also makes absolutely no sense if the orderbook isn't taken into consideration or perhaps even if you don't singly consider the orderbook.
Spoofing isn't illegal in crypto-markets, try placing an order at a particular trough and and see if it gets filled.
Thanks for your contribution though, nice to see some traders...
It's little more than reading the tea.
To add on that, this kind of analysis are useless (if not dangerous) do most investors. Regular people must focus on value and not price. If speculating on short term price variations, most people will, most likely, lose money.
Check out my price analysis for Steem coin. https://steemit.com/steemit/@cryptocurrency1/steem-coin-price-analysis
Yep. Best investment advice I've heard on this.
Then Regular people should run from crypto. We have yet to see solid value in this entire industry.
In some cases, yes. Although, there is value in the inovation, in the ease of trading and value transfer, value in governance and value in usability.
This makes it woth it for the regular (non financial) person to invest some money on it. Risk control will bo on how much and on which coins.
There is always some speculation in any investment, BUT, investing is different from speculating.
why?
Apart from the risk factor that can vary on the nature of the investment, I would say that speculation is gangling on the price variations of an asset, investing is accumulation of capital on a asset based on its underling value (even if it is more or less intangible).
In speculation what matters the most is price, in investing what matter the most is value.
i love the bullis reindeer man
Hey! I drew my own chart, I wonder if you'd like to give me some feedback?
Here's the link! Enjoy!
Thank you for your very interesting analysis! I'm not much of a technical trader, but I love seeing it explained clearly as you have done, so thank you.
We just placed a trade based on the spread between Steem/USD and Steem/Steem$ and we expect to earn roughly $37.82 as a result. Here's the post if you're interested:
https://steemit.com/money/@trending/case-study-how-to-trade-market-distortions-to-profit-with-steem-and-bitcoin-i-put-my-money-where-my-mouth-is
Good job man.
Nice post and thanks for info. But u can give info about sites with trade Steem coins?