Giving your money to the market because of what an anonymous analyst says is a bad idea. If they were making such consistently great predictions they'd have no need to post their "trading ideas." What they want is to create a following so their own trades have a greater chance of being profitable. Even if they are wrong sometimes, it's likely that they can get out of a bad trade faster than you, leaving their followers stuck on the wrong side of the market.
Don't be a minnow--learn to read the market on your own or you'll lose when one of these trusted chartists turns out to be wrong.
This is totally wrong. No analyst can make money running such a ponzi scheme. The market is so much bigger than that. The whole basis of EW analysis is that the crowd gets emotional sometimes. They make the mistake
and then we make the trade, not vice versa.
I make money trading, and I dont need to post anything, but I continue to post my charts. Its a way to log my trades and I enjoy sharing.
Its difficult to make money with even the best analysis, thats basic knowledge, you have to be a good trader, you have to be in control, and you have to be able to think for yourself, on your feet.
I hear you and I do appreciate your analysis. I make money too. It's just that a)bitcoin is a very thinly traded market with a handful of interests doing the heavy lifting and b)there are a lot of green traders trying to keep their heads above water. The I think it's probably not so hard for the big whales to keep an eye on the most popular and influential technicians' work from a perspective that they look for every opportunity to better their positions. Making money in markets is a serious business. I do enjoy helping people out but there is that inherent risk of making certain information public which is why I do not share most of my analysis. Maybe I'm just being paranoid.
It seems like every time the market moves there is a new crop of traders hungry for information but provided with a lot of misdirection. The basics of money and risk management are not obvious to them and the market is quick to take their money. Trading is so much more than simply going short or long at xyz price. Technicians are quick to talk their book but short on information about how they keep from losing their profits. This is what I'd like to see taught. Unfortunately crowd behavior is prevalent and I fear it would be a futile endeavor for all but a small number of traders. People just don't want to put in the work. But keep on keepin' on, I do enjoy learning about EW as I'm more of a price/volume guy.