The trick with chart analysis is to not use it when the markets are acting unpredictably, or when the price strays away from key levels. If you trade every pattern, every reversal, every retracement, you will get your ass handed back to you by the market. If you wait for set ups to emerge around key levels and invest conservatively... you might stay in the game for a while.
Of course that kind of attitude doesn't allow you post trade triggers on Steemit 24/7.
I think this last thing you said is the key..... While he can read the charts right now and 'follow the rules', it is stupid and reckless to be giving it out as advice at the moment. He should be posting less, or saying "with the market so rough, things are likely to go far lower", or deny payout for the time being, until he can be more confident in the market and the advice. But I think he is to arrogant to do any of these three.
Nevermind anyway. I am buying right now, but buying in for the long haul.....for 2 years or 5 years from now. Really for 10 and 20 years from now....but moving the coins around so I don't get stuck with one that is about to fail(at some point even some of the big coins will fail and be replaced by better ones).
Peace
It is interesting to look at things now 7 months later. Steem is SOOOOO low. I need to build up my Steem!!
Oh, I meant to mention that I do believe Steem is going to skyrocket from here. Fingers crossed.