Feb. 23 BTC TA Showdown: lordoftruth vs. haejin!

Words
468
Reading
3 min
9y
Listen to this post
~3 min


Summary of lordoftruth@lordoftruth's TA:

Bitcoin price at the time of writing was $9.8k
First prediction: pull-up to $10.25k level before going down to $8.7k - $9.2k level.
Second prediction: bitcoin price will hit $9.2k on Feb. 24-27, then a natural pullback to $8.7k - $9.2k.
Third prediction: after the pullbacks, a natural upward trend up to $14.5k - $15k will follow.
Short-term prediction: slightly bearish

See the analysis here


Summary of haejin@haejin's TA:

First Prediction: Follows iSHS pattern, with neckline at $12k level.
Second Prediction: The wedge (cyan) has been breached, thus, the curved zigzag drawing (showing fractal) will be the trend.
Short-term prediction: bullish

See the analysis here

Limitation


lordoftruth@lordoftruth's TA is 6 hours earlier than haejin@haejin's TA.

My view

Commonly, analysts do not differ much in their analysis. This day is special as this is the first time I've seen their short-term analysis completely opposes each other. It's hard to say who is wrong and who is right. Both have presented excellent conditions and explanations for their analysis. Possible scenarios were also presented in case their analysis/counting fails.

Conclusion

Every analyst has their own way of reading a chart. Since they completely differ in their views, one will be right and one will be wrong; however, that doesn't mean one is better and one is worse. Only time will tell who is right and who is wrong. I've been following both of this analyst, and I can say that they are among the best of the bests.

It is not my intention to create conflict here. I just want to share my idea regarding the difference of their analysis.

Your thoughts?

Disclaimer


This is my personal view and I don't claim it to be a professional financial guide. Your decisions are only controlled by you and only you. Listen to what others say, but don’t believe everything that you hear. Research, analyze, and think. In the end, you can only thank yourself for believing in something that is true. Likewise, you can only blame yourself for believing in something that is false.

Want to earn more?

Earn through SMARTSTEEM - guide
Earn followers and upvotes through STEEMFOLLOWER

Earn through games:


Cryptomininggame - browser game
Aethia - Ethereum game
Bitcoin mining game
Magic bitcoin farm
Dino park game
Cash zoo bot

Guide for newbies:

Trading Strategy 101 – Understanding Cryptocurrency Volume
Trading Strategy 101 – Understanding Order Books, Buy Walls, Sell Walls, and Fake Walls
Trading Strategy 101 – Using 3 Moving Averages
Trading Strategy 101 – Support and Resistance Zones Strategy Guide
Trading Strategy 101 – Easiest Bitcoin Trading Strategy
Crypto Guide for Dummies - Avoiding Beginner's Mistake

upvote.gif
If you liked this post or it helped you in any way, please upvote, follow, and resteem so that more people can learn about this information! Thank you!

Feb. 23 BTC TA Showdown: lordoftruth vs. haejin! | Ecency