A problem for the newbies
There are so many different people claiming to be experts in predicting cryptocurrency markets. How do you know which ones know their stuff? Depending on who you follow, your portfolio value will either get ‘rekt’ or will moon.
It’s simple. Follow our three-step guide to choosing your online crypto-mentor:
- Find someone who tells you what you don’t want to hear. Choosing a narrow-minded hodl-fundamentalist as your guide is a sure way to lose money during bear markets. A good guide will foresee downturns ahead, even when all others disagree, and will recommend selling – or even shorting – crypto-assets until things bottom out.
- Don’t be influenced by people who are evangelists for one coin only, and who use words like ‘FUD’ because they can’t accept that there is such a thing as genuine bad news about their pet projects. New players in the market will quickly discover that as well as having its own vocabulary, there are many in the space who behave more like brainwashed members of a cult, rather than the grown-up approach you find in other non-crypto financial markets. Beware!
- Most important – what is their track record? Compare their historic claims with what actually came to pass afterwards. This is easier than it sounds, as for many commentators you can find old tweets and line up their wave pattern predictions with charts formed subsequently.
Our favourite experts
Applying the above principles, we find these analysts to be head and shoulders above the rest, when it comes to applying Technical Analysis to crypto coins and tokens.
(daytrading rather than general trend analysis)
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If you think we’ve missed a really great analyst and he/she is someone who offers at least some of their material free online, then email us at email@example.com.