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RE: Would Coins Chosen at Random Perform Better Than Haejin Advices?
This highlights one of the biggest flaws with technical analysis, it's mostly guesswork in the cryptocurrency world. In traditional stock markets, technical analysis can work because you've got more data and the markets are more stable. In crypto, things can be manipulated too easily because prices can rise and fall for seemingly no reason.
What Haejin and any other technical analysis trader does isn't an exact science and arguably as you've highlighted its no different than guessing which coins to invest in. It's sad that Haejin profits so much off of his information when it's mostly misleading, he's like a supplements salesman. Selling false promises and beliefs.
Ask anyone who really trades and they'll tell you the same thing - entries have about 10% importance in making money. That's why predictions are worthless, it's how you manage a trade that's important. People should spend 90% of their time planning the exits, where you make the actual money.
I don't really have a view on the Haejin thing, if the system allows itself to be abused then people will abuse it. His technical analysis is terrible though, you can tell by the language he uses and the way he misinterprets indicators that he's 'newb retail trader' level and probably doesn't trade at all. Just my opinion though.