They are always saying that they know how to predict the price and bla bla blah, it has always been a big fake.
No one can predict what is going to happen with the price.
A big analyst said that bitcoin was going to be touching $7k by last week, did it happened? of course not.
They are never going to be able to predict the price just by EMA, Bollinger Bands, head and shoulders, and all that crap.
I started reading analyst blogs and their guess is always on spot. It is like they can control the market some how.
I tried looking back for the same pattern they were talking about but the result afterwards is different. What's really going on here?
Yes, and the chance that they are correct out of all their predictions are slim. Yet they continue to analyze/predict the price of cryptocurrencies. This only creates doubts to new comers in the world of cryptos and make them hesitant about taking some risks to what they feel is a good coin.
On the contrary, having these kinds of people who share their analyzations to the forum is also good for us if we look at it in the big picture. What their saying can also be a factor to the price of cryptos because some of us, who are lazy enough to read about the project or make some research about ICOs relies on these good information. They base their decisions to invest after reading these information.