Wednesday, December 26, 2018

Cryptocurrency technical analysts such as Tone Vays and Crypto Kirby are cute, but you shouldn't actually take them seriously, and here's why:

Both of these characters, along with all the others in the cryptocurrency space are YouTube "guru" slash entertainers, not financial experts, and don't even actually trade in my opinion, which at least Tone Vays actually admits too time and time again.

They get their money by creating silly little events such as Tone's celebrity poker meetup plus YouTube super chat donations, and ad dollars generated via views on YouTube, and Kirby does the same, but instead of meetups, he has his "VIP" membership program. So none of their money is generated off of what they preach to their audience.

In conclusion, technical analysis does not work for cryptocurrency, because only a small group of individuals control the price action, which could clearly be seen daily with Bitcoin Cash via Bitmain's obvious pumping and dumping.

Oh, and one more thing... we always see what we want to see, which is something these gurus know all to well. So if you listen to any of Crypto Kirby's videos, he'll always say that Bitcoin could either make a serious move upwards or downwards, which really means... it could go either way. Although it sounds dumb when you read it, Kirby is a wordsmith, and disguises it as financial advice... so just be careful.


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