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RE: $STEEM/BTC Technical Analysis

in #steem8 years ago

As someone who has spent their entire career in finance, I am extremely skeptical of technical analysis. There is no empirical evidence that anyone can accurately predict trends - charting, fibonacci, bollinger bands, etc. are all voodoo. Invest in this platform because you think its a neat social experiment that could help incentivize a top-notch community of content, not because some charts tell you what you want to believe.

Thanks for the post though - the content is getting better than just a bunch of chicks with big boobs baking cakes because of the efforts people like you are putting in to this thing. The next step is to have an analysis done without voodoo :)

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I agree with you, invest in something you understand and believe in, but then again I love charting :)