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DVlog

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Quote from: tjtonmoy on October 16, 2023, 10:35:17 AM

Either if you like it or not, that doesn't have any effect on people who are making those videos. That's how they are making money and they will do anything to keep that happening. But it is up to you or us to whether trust them or not. As of trading goes, you should never follow others or copy other's work. If you don't do it on your own, then there's no point.

Those squiggly or scribbling lines could be true. Maybe they are good at what they are doing. But why should you follow them? Technical analysis is a process to somewhat predict the future of the market. But it is never 100% accurate and never will be. You can guess it to an extent and that is how people trade. As long as you don't follow those videos or those people then you are good. But if you are foolish enough to trust those videos, then that's a "you"problem.

It doesn't matter if you are copying others strategies or not. What is most important is to make profits. Technical analysis can complicate things. If someone opens a higher timeframe for the bitcoin pair he will clearly see where the price can go next. Some YouTubers use that kind of analysis to show how knowledgeable they are so that they can attract more followers to their channel. Those complicated analyses have nothing to do with actual trading.

suzanne5223

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Quote from: bitnote on October 14, 2023, 08:04:48 AM

Predicting the future with triangles and rectangles on a chart?

It is understandable why it's skeptical to you but the reason for the market prediction is because the market always replicates some previous price momentum though the end result is now guaranteed since we're dealing with a volatile market and that is why people say no one can get 100% result on the market analysis.

tjtonmoy

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Either if you like it or not, that doesn't have any effect on people who are making those videos. That's how they are making money and they will do anything to keep that happening. But it is up to you or us to whether trust them or not. As of trading goes, you should never follow others or copy other's work. If you don't do it on your own, then there's no point.

Those squiggly or scribbling lines could be true. Maybe they are good at what they are doing. But why should you follow them? Technical analysis is a process to somewhat predict the future of the market. But it is never 100% accurate and never will be. You can guess it to an extent and that is how people trade. As long as you don't follow those videos or those people then you are good. But if you are foolish enough to trust those videos, then that's a "you"problem.

armanda90

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I don't think YouTuber upload their technical video on their channel based on true experience in their trading, some of them want to get benefit with higher traffic with viewer without have accurate or good trading technical. Learning with trading trough video is easily for understanding than have read a book but not all YouTuber of cryptocurrency understand well with their video upload in their channel. Some of YouTuber as influencer without have knowledge with cryptocurrency and many of them get commission fees when uploading new video exactly recommended with some coins have to invest.

I don't interested for learning more with YouTuber when uploading their video technical trading because not always bitcoin and altcoin price depend with their research, many time whale have more dominance to see bitcoin or altcoin in lower and higher price.

CODE200

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Quote from: bitnote on October 14, 2023, 07:33:13 AM

Watching these YouTuber 'technical analysts' is like witnessing a comedy show. They just scribble lines on a Bitcoin chart and act like they're gazing into a crystal ball. But the reality is, they're about as accurate as a broken clock – right only twice a day. It's laughable how they sell this snake oil, predicting the future with squiggly lines. I wouldn't bet a Satoshi on their so-called insights!

This is because most of them are only after for making profits out of their audiences and not really helping traders to make better trades. This is not to generalize, but most of technical analysts, not only in Youtube but across different social media platforms, are not really credible enough to make such videos. Most of them are actually just doing it for promotional purposes. But of course, there are still few dependable and credible out there, you just have to find someone whom you can trust or know for a long time.
I think this is also a lesson for us traders, to not always believe what we see in social media and to not rely on them. We should learn how to filter trustworthy ones on the unreliable ones. Remember that not all we see in social medias should be consume, and that we should also be wise in analyzing information. Because in the first place, the first person you should believe and rely on is yourself.

wxa7115

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Quote from: bitnote on October 14, 2023, 07:33:13 AM

Watching these YouTuber 'technical analysts' is like witnessing a comedy show. They just scribble lines on a Bitcoin chart and act like they're gazing into a crystal ball. But the reality is, they're about as accurate as a broken clock – right only twice a day. It's laughable how they sell this snake oil, predicting the future with squiggly lines. I wouldn't bet a Satoshi on their so-called insights!

Once you have watched one of them you have watched them all, so while I can understand that you do so just to get a good laugh, maybe it is a good idea to do something else with your time.

As those influencers will never change and will keep drawing lines all over the charts and keep faking they know something about the market that no one else does, while their followers will keep pretending they are learning something out of them, even if they know this is not true.

Patrol69

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Content creators on YouTube always highlight the topics they create videos on. I have seen videos of many YouTubers who have done very good campaigns on various scam projects, many people got motivated by their campaigns and got motivated to invest in those scam projects. When all those projects shut down their websites after taking all the people's money, they made negative videos about that project again, that is, the users who followed them were harmed by making their videos. Such youtubers are really like dustbins, they present such wrong information in front of people in a very beautiful way just for some amount of money income so that people trust them and invest in all these scam projects without thinking anything. I always try to stay away from those who make such scam campaign or tedding videos because I can't learn anything good from their videos.

Sexylizzy2813

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You don't have to blame them when they give out predictions and some traders do fall for it, actually these traders who go with their (YouTubers) words 100% are to blame, is like knowing what's not right and you're believing it and even helping them spread their so-called predictions.
The annoying thing about these YouTubers is whenever they Accidentally get their prediction right they just start feeling like gods on their own, making those who waste their time to watch and follow the madness they have started to grow, to me I just don't see a true hard core trader to believe everything some of these YouTubers if not all are cooking online.

GreatArkansas

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Quote from: bitnote on October 14, 2023, 07:33:13 AM

Watching these YouTuber 'technical analysts' is like witnessing a comedy show. They just scribble lines on a Bitcoin chart and act like they're gazing into a crystal ball. But the reality is, they're about as accurate as a broken clock – right only twice a day. It's laughable how they sell this snake oil, predicting the future with squiggly lines. I wouldn't bet a Satoshi on their so-called insights!

Hahahaha. I thought I was the only one who realized it, it's not only on Youtube but in almost all social media especially if they are claiming that they are really like this pro doing such technical analysis.
I'm thinking that everyone can do it, even you, even me.
Can't blame them because we all know all of it is just speculation even our own technical analysis. What I don't want is shilling some projects or convincing their viewers even if it is really obvious not to happen.

GiftedMAN

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Quote from: bitnote on October 14, 2023, 07:33:13 AM

Watching these YouTuber 'technical analysts' is like witnessing a comedy show. They just scribble lines on a Bitcoin chart and act like they're gazing into a crystal ball. But the reality is, they're about as accurate as a broken clock – right only twice a day. It's laughable how they sell this snake oil, predicting the future with squiggly lines. I wouldn't bet a Satoshi on their so-called insights!

Many of these influencers are very good when it comes to market analysis so we need to understand what how long they have been doing this would might be a very long time. Once you are good, you are good and that is the results we normally see online although we need to see the beck scene to understand that many of them might have analyzed the market backdoor then they will come online and do things like a magic. We don't have to see analysis like magic because these man spend time in the market to get there self aquatinted for a better results.

el kaka22

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OP is right about 99.9999% of the youtubers who do chart analysis and they are just making stuff up. That is once again doesn't mean that they are always wrong, like OP said they could be right once or twice a day if they are lucky, but their 100 wrong along with it doesn't really worth anything all that much.

I think it should be something that would be a bit more tougher for you on the long run and that could probably not be something that will change things that easily, and should be something that will take some time. I hope that we get to a point where it will not be that easy for people to realize that youtubers are not who you should follow before you trade. You will make a huge loss if you do that.

JunkieMiner

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Quote from: bitnote on October 14, 2023, 07:33:13 AM

Watching these YouTuber 'technical analysts' is like witnessing a comedy show. They just scribble lines on a Bitcoin chart and act like they're gazing into a crystal ball. But the reality is, they're about as accurate as a broken clock – right only twice a day. It's laughable how they sell this snake oil, predicting the future with squiggly lines. I wouldn't bet a Satoshi on their so-called insights!

Most of them made videos for views and money. Some of them are given tasks to fulfill and to get the money and they just watch other YouTube videos they get some information and make videos on different coins like BTC, ETH, and bnb. They also made videos about them when they will increase and when their price will be up. Most of them have paid courses through which they get people's money only. Even they didn't teach them anything. Avoid these things will be better instead of wasting time on these.

fullhdpixel

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Quote from: bitnote on October 14, 2023, 07:33:13 AM

Watching these YouTuber 'technical analysts' is like witnessing a comedy show. They just scribble lines on a Bitcoin chart and act like they're gazing into a crystal ball. But the reality is, they're about as accurate as a broken clock – right only twice a day. It's laughable how they sell this snake oil, predicting the future with squiggly lines. I wouldn't bet a Satoshi on their so-called insights!

You should enjoy the comedy show and have some laughs and then don't follow what they suggest or predict for the future, simple as that. There are thousands of people who would make their predictions, it's not important for all of them to be correct since the cryptocurrency market is highly unpredictable, and even those who are not so-called experts but are actual experts and understand the market very well may make mistakes sometimes and the market might move differently than how they must have thought or predicted.

That's why, those who watch such analysts and base their decision solely on what they say should think twice. They need to do some evaluation and find more resources and people who they should observe for some time and if they think that their predictions are mostly correct or at least close to that, they should start watching them more, but at the end of the day, should take their decisions on their own.

michellee

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That's why we don't need to trust these so-called "technical analysts." We should learn to trade from other, more trustworthy sources. That would be better because we can improve our analytical skills to be even better.

We can use the methods used by technical analysts as information only and continue to look for other sources. The YouTube influencer may have a specific purpose for doing this that we don't know. So we don't need to use their suggestions if we doubt them.

That's why we must learn analysis to not become dependent on people. And if we can have good analytical skills, we will get the benefits. And let's say that people still trust those "technical analysts" because maybe they also have other goals.

Fuso.hp

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If a YouTuber makes a video about trading, there is nothing to consider him an expert. In some cases, that YouTuber makes videos about trading without any logic just to increase the views of his channel. If you search YouTube you will find numerous videos about trading, because of so many videos you may get confused as to which video you should actually watch or which video will give you some idea about trading. Try to avoid the videos of most YouTubers, but there are some YouTubers who regularly upload videos related to trading and whose videos have positive comments and likes, those videos may be of use to you. Watch youtubers videos only to get ideas but never try to trade the way a youtuber is trading.

EarnOnVictor

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Hahaha...this is why you must be smart with everything you see online, or else, they will deceive you and make the fool out of you. I am smart not to believe anything trading online anymore unless proven otherwise as I've seen that they are only there to keep their channel active for the compensatory gains and to market some products.

Those who are really trading and gaining consistency are few, not to mention those who are trading for a living. I've known trading for almost 2 decades, there are many that have been swindled with fake products and services, so it's not new.

Out of mind

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Quote from: bitnote on October 14, 2023, 07:33:13 AM

Watching these YouTuber 'technical analysts' is like witnessing a comedy show. They just scribble lines on a Bitcoin chart and act like they're gazing into a crystal ball. But the reality is, they're about as accurate as a broken clock – right only twice a day. It's laughable how they sell this snake oil, predicting the future with squiggly lines. I wouldn't bet a Satoshi on their so-called insights!

Mr. OP, you see most people share wrong information on YouTube, and they only do this to increase their subscribers. Many times they analyze Bitcoin and crypto markets, but I think the way those people predict the lines in the market is completely negative. But there are many people who are new to trading, and they prepare to trade by watching those videos, but if they trade by looking at them, they will definitely face losses. But we have seen many wise people in this forum have good analysis of Bitcoin and cryptocurrency market which are claimed to be good predictions. And they are doing good forecasting and price forecasting that we can invest in. Of course, those people who can predict the price of Bitcoin well are well-informed and experienced traders who are the only ones who give good advice.

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Quote from: Unbunplease on October 14, 2023, 11:10:55 AM

You don't have to put a lot of trust in youtube analysts. If a person is good at trading, why should he waste his time recording videos? He will simply not have time for it. Analysts don't make money by trading anymore - they sell courses, recruit referrals, advertise any strange projects, and make money on views. Their predictions are usually worthless

you are right. they get money from the analysis they do, and if they upload it on YouTube, then the goal is views, because the more views they get, the greater the potential for them to get a lot of money. However, the analysis he does may be wrong or right, but it will not really have a big impact on him. The people who are affected are the people who watch the analysis and believe in the analysis they make.
Apart from that, good traders will focus on their goals in trading, such as looking for information about what they are trading, and so on. I think they won't have time to create videos, edit, and evaluate the videos they will upload beforehand.

JeffBrad12

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nothing wrong in making technical analysis, after all people need to something they could rely on and technical analysis is one of them.
but sometime some people more prominently these influencers are just doing some random technical analysis with inaccurate prediction not fitting any technical analysis knowledge and call it a day for the sake of gaining viewers thats where it gonna become a problem, though I also believe that TA is just means of knowing current crypto market situation and nothing more, the price movement definitely moves based on the demand.

KingsDen

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Quote from: bitnote on October 14, 2023, 07:33:13 AM

Watching these YouTuber 'technical analysts' is like witnessing a comedy show. They just scribble lines on a Bitcoin chart and act like they're gazing into a crystal ball. But the reality is, they're about as accurate as a broken clock – right only twice a day. It's laughable how they sell this snake oil, predicting the future with squiggly lines. I wouldn't bet a Satoshi on their so-called insights!

A good number of them know what they are doing while some just doesn't understand what happens. They leverage on the advantage of followers that they have and their ability to use good English and convince people. Well, it might be a signal they go from others, whether it works or not is what I actually do not know because I do not follow them

But then, I have a friend of mine who follows hundreds of them and in one way or the other he do meet the ones that are genuine and who know what they are doing and he in most times run into massive profits. I do not actually know how often he loses. But I know that with the aid of the bitcoin charts and candle sticks, bitcoin price can be predicted to an appreciable degree of accuracy.

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