Does The Average Person Really Understand Our Analysis??? - Part 1

This past weekend I was talking to my wife’s friend about my simple pleasure of blogging about the financial world around me. Keep in mind, his background is in education and investing/trading is not his forte. Specifically I was talking to him about cryptocurrencies, Steem and Steemleo. I was showing him the various aspects of Steemit and in particular, Steemleo.

Steemleo is a community for investing content. Steemleo is a community for investors to talk about all things investing-related. Steemleo was created this community as a way to promote and reward high-quality, long-form investing content within the Steem community and beyond.

His immediate question was does Steemleo have a trending page of the latest things going on in the world of finance, of which I said no. His next question was does Steemleo have any content that explains what the stock market is, what a stock is, I said no?

So it got me thinking, how many of the users really understand the content being posted? And once the Masses start arriving, how many of them will understand the content being posted? There are many talented folks in the community that do a great job analysis charts. But, like myself, are we taking our talents for granted and assuming that the average person knows what the content being displayed is really saying.

Three weeks ago, @khaleelkazi, the founder of Steemleo and I was talking about where the price of Steem was headed in discord. I decided to share with him my thoughts, but also thought it would make for a good post.

Thus, the chart suggests, price can move up to the $0.15 level and if price can close above the pivot high, look for price to make its way to the 4 hr supply at $0.165 as a short term target.

What's Your Price Prediction For Steem???

Needless to say price did what the chart suggested, hit the 4 hr supply zone and pulled back.

Last night in discord @khaleelkazi and I was talking about where price was headed next. Thinking about the conversation I had with my wife's friend, I marked up the chart and asked @khaleelkazi how would he interpret the chart.

@khaleelkazi said it looks like once we broke $.20 we established a new bottom here around .14ish. Volume looks decent. If we break over .15, then we could be headed for the next level at .20. If we don't break .15, then there isn't much downside.

I thought his analysis was pretty good, for someone that doesn't look at charts every single day like I do. So I think my thesis was a bit correct. I do take for granted my technical analysis as I assume people are seeing the same thing I see. Let me piggyback off of what @khaleelkazi said already. My response was the following:

Ok so your analysis is right, but also price action is showing positive divergence...bullish sign. also those wicks circle shows there are sellers above, so to your point, we break out of the first box, we can had to the top of the box at $0.20, but med term target is the daily supply. we break the bottom box and could head to $0.07.

But here again, I'm taking my technical analysis for granted. Do people understand negative/positive divergence? Do people know how to read and interpret candlesticks and candlestick patterns? Do people understand supply and demand? I'm going to say the average person doesn't.

So if Steemleo is going to reach its full potential, we need to provide some type of repository of educational content. The content could be our own or we would refer people to certain websites. Quite simply, Steemleo is a community for investors to talk about all things investing-related. But are taking for granted that the average person understands our analysis?

What are your thoughts, do you agree / disagree? What else are we missing to enhance the Steemleo experience?

This post is my personal opinion. I’m not a financial advisor, this isn't financial advise. Do your own research before making investment decisions.