My Bitcoin Technical Analysis - June 2018
With all the Bitcoin BS YouTubers and Twitter dudes that use Technical Analysis and lots of graphs and stock tools, I decided to do my own Technical Analysis. My Bitcoin Analysis is just as good, if not better, than all of those other experts.
Bottom line, investing in Crypto: Bitcoin and ALTCOINS is pure gambling. Alot of people bought at the height of the bubble and are now in the red at losses close to 60%. This is pure gambling. So when someone give you technical Analysis on what Bitcoin will do, refer them to this video and the online coin flipper.
As always, this is for entertainment and I am not a financial advisor. Nor would I ever want to be. My last guy at Ameriprise charged way too much in fees it pissed me off. Noone cares more about your money than do you. So learn to invest wisely and do it yourself.
"Invest wisely. Do your own research."
Ha ha! I like the parody.
You're right about most of the TA out there: professional or amateur - most of it is very poor!
But don't let quantity fool you: a good analyst can make predictions, statistically significantly beyond the realm of "pure gamble". Just because thousands of 25 year olds bought the December hype doesn't mean that everyone is weak-handed fool who buys high and sells low.
For TA: avoid the Elloitt Wave crowd, they deluded. Avoid short-term predictions. Look at long-term trends and patterns, they are the most reliable.
Regards
Bit Brain
King of long-term trendlines 👑
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