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RE: $STEEM/BTC Technical Analysis
you got some mad charting skills bro! why aren't you posting these daily for us? please start.
you got some mad charting skills bro! why aren't you posting these daily for us? please start.
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?
Agreed @the.whale this is an amazing post. @ozchartart all of this omnipresent transparent information about the world of Steem gives users that want to be involved the feedback they need. I have told everyone I know about Steem emphasizing the need for original content and the notion of an online community forum that will show so much insight into media markets and 2016 economics. I am so excited about the future and look forward to seeing how the return of students and the cooling temperatures effect user involvement.
Thanks so much. I am grateful and gladly upvote.
H
Thank you for this constructive comment, I can agree with you on many things :) there are many aspects of steem that yet have to be tested, but so far it is rly not looking bad :)
Technical Analysis Waves.
haha! Isn't that a semi-bullish head and shoulders continuum? If I ever saw a stronger buy signal...
now thats what i call a breakout xD
Definitely. I agree with you fully.
A daily update would be great. And I'm sure you'll benefit lots from it as well.
Will give my best to start it a keep it running :)
Yes this was quite good made. A realy well done jobb :)
The analys i dont know was cool. Couse i only use Bittrex and Coinmarcetkap to see buy sells and prise chart.
I hope for more analyze like this @ozchartart ;)
Keep up the good work, i would gladly vote this :)
um where is the uncensored version...
Yeah these charts are bad@
Thanks for the update, and I agree with @the.whale a daily or even weekly post like this would bring me and I'm sure MANY other people back to your page consistently :D
https://steemit.com/steemit/@minion/youtube-vs-steemit-enemies-or-siblings
[IMPORTANT] This post covers the Similarity between YouTube and Steemit as well on How to use Steemit and It's OFFICIAL CONTENT RULES.
Yes, please do @ozmaster. This puts everything in perspective. Looking forward to your post on why STEEM might be untouchable by the laws of technical analysis.
Great stuff, and incredibly useful. This is what we need!
the reason that rise and fall is unknown?