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!
There are many You Tubers who have great experience and observation in crypto currency. I would never compare his technical analysis to a comedy show, because I have been watching some You Tuber's videos continuously for a long time and their technical analysis is usually correct. Crypto currency market is a volatile market, nothing can be guaranteed 100 percent here. Future predictions in the crypto currency market are made from lines. You do not have experience in the crypto currency market, because if you see the complete chart of the history of the crypto currency market, then you will understand the lines of the crypto currency market.
They have different timing chart candles and each timing candle has to be seen from different angles. Estimates and analyzes are made by looking at their support and resistance. You Tubers are not doing anything new on their part, but they try to explain to us all by looking at the ups and downs and licks of the past. Satoshi is not a gamble that you will bet on but rather a long term investment in Satoshi
Seems like OP had some bad experience on losing his money on following one of these Youtubers and this is why he do make out some generalization that most of them are just clowns. Well, we do have our own insights and beliefs on things though basing up on the things that we do experience but it wouldnt really be that good to be that conclusive. If you are really that experienced enough then seeing those traders that making out some streams and making out their technical analysis then if you are that knowledgeable enough then you could really be able to see on how experienced they are or knowledgeable on the things that they are explaining on the video and not really just simply creating those support and resistance line and then it is really just like that but on the time that they would really be making some Fibonnaci or some butterfly harmonics and making
use of those RSI and related divergences on different time frame confirmation then this isnt something a newbie kind of knowledge towards trading.
This is why you cant really be able to make out conclusions that all of them are clowns. There are still those traders or streamers who are really that making such good analysis and as long its for
free then it would really be that depending on you whether you would be taking it and applying into your own too or would really be just simply skip out.
You havent been forced on doing on the same decisions just like with those streamers so it does mean that it would really be always depending on your discretion.