This will be a new era of The Crypt! More technical information more frequently! Yay!
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Easily the best episode of the crypt you've ever made. Probably one of the better crypto trading videos I've seen. Certainly one of the only ones which gives viable advice and isn't attempting to sound overly complex regarding TA, either so the creator can sucker people into joining their premium trading group or so they can feel smart.
Personally I think only the most fundamental elements of TA are particularly functional in crypto. It's voodoo bullshit at the best of times but in the crypto realm things are too fast moving and unpredictable to use complex TA. Especially considering the high activity and probable collusion of the whale cartels, all of whom will also be drawing their spirograph pictures on tradingview.
It's definitely possible to have the pattern recognition skills to have a 51%+ win rate in crypto day trading. After that the only thing standing between a trader and consistent gains is risk management (and the possibility of a global market cap crash). Although it's probably important to note that not everyone has that ability. Anyone thinking about trying it for the first time should consider paper trading for a couple of days first.
On a side note I'd be interested in knowing what other content creators you're following when it comes to crypto. Most of the ones I'm aware of are insufferable. Crypto Investor is perhaps the only one I can stand.
Wannabe losers are extremely toxic for the crypto space, I want to put out more of this style of video to see if I can gain traction away from the rich kid wannabe genius loser who got lucky a few times and looked up big words. Maybe I should post this on reddit or something? :o
I don't really follow anyone since they're all mostly garbage, but I tend to pay attention to altcoinbuzz, suppaman, and boxmining, and mcaffee, to see when they promote things, because sometimes it can be an easy pump n dump for 5%~. I can't say I actually watch any videos though lmfao, just look at the titles and thumbnails.
I'm not sure if it's worth posting on Reddit, only because it'll be filled to bursting with self-certified expert traders who believe TA is infallible. This video definitely has important information which a surprisingly large amount of people could benefit from. I'm just not sure where to find those people or how to make them listen when there are so many 100k+ subscriber/follower snake oil salesmen telling them something completely different.
Yeah, but that's why it would be fun, hehe.
Tomorrow's episode will focus on gain values and keeping concerned with btc/token value and not fiat. Writing this here so I don't forget!
When I inevitably take the deep dive into actually doing things with my coins besides watching them drop, I shall consult this video! Thanks for making it :D
Very nice analysis, thank you.