Leveraging Crypto Youtubers For Price Prediction

in LeoFinance6 months ago

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I spend one to two hours a day watching videos about crypto. I also regularly read posts by Leo Finance's favorite bloggers. In this way, I stay informed about the latest developments in crypto. Some Youtubers I follow make price predictions. Surprisingly, there are YouTubers who are highly successful in this regard. I wouldn't believe such a thing could happen if I hadn't followed them regularly for the last four years. Of course, everyone can be wrong sometimes, but having information sources with such a high accuracy rate makes investing more accessible.

Coin Bureau - Guy Turner

I like watching videos on this channel that provide detailed information about crypto networks. Guy Turner is also good at conveying the crypto agenda. Until recently, Guy Turner was sharing his portfolio with his followers, thus giving his predictions regularly.

Coin Bureau is not the primary source for predicting market direction. While emphasizing the risks of Terra Luna, Guy had this coin in his portfolio at the time of its collapse. He also failed to foresee that the bear market was coming. He wasn't alone in this, though. No Youtuber could predict the bear market in the first quarter of 2022. Still, he quickly acknowledged the bear market and said it would last a long time, and he was right about that.

Datadash - Nicholas Merten

Nicholas Merten is a name specializing in technical analysis. He can develop original approaches to macroeconomics and technical analysis. He didn't see the bear market coming in 2022. And he was late in acknowledging the bear market. When Nicholas accepted the bear market, he was the one who put forward the most pessimistic scenarios. Until last month, he advocated pessimistic scenarios, and his followers could not benefit from Bitcoin's three-fold price increase. Even though his predictions are inaccurate, I still like his original approach. One strategy might be to do the opposite of what Nicholas Merten advocates. :) To avoid being unfair, I would like to add that he informed us about the ORDI rally in advance.

Coinsider - Kevin Ting

Kevin Ting does not post videos as frequently as the Youtubers above. I like his comparative analysis of crypto networks. We learn from Kevin Ting which cryptocurrencies not to invest in as he clarifies his negative views on specific networks. That is valuable and unique information. For example, Kevin warned investors about Terra Luna. It is also worth listening to his opinions about Justin Sun, one of the controversial figures in the crypto world. The Coinsider channel can protect us from possible losses, as Kevin is good at detecting overrated coins.

Into The Cryptoverse - Benjamin Cowen

Those who have read the article thus far are about to receive their reward. Now it's time for my favorite channel in terms of predictions.

Benjamin Cowen is an expert in technical analysis. He also successfully reveals macroeconomy technical analysis connections. Cowen put forward the theory of lengthening cycles in mid-2021. He said the 2021 bull season would last longer than previous ones. This prediction may have come true, but the Russia-Ukraine war started in February 2022. Cowen accepted the bear market around April and predicted that interest rates in the US could rise to 5.5%. According to him, the shame market would last for two years, and that's what happened. He accurately predicted that Bitcoin would outperform altcoins in 2023. Cowen analyzes the crypto market total, Bitcoin and Ethereum, but these analyses also shed light on the price movements of altcoins.

VirtualBacon - Dennis

I discovered the VirtualBacon channel a few months ago. Dennis understands the technical infrastructure of crypto networks well and correlates his technical knowledge with price movements. It makes valuation predictions about crypto networks and identifies overpriced and underpriced ones. In recent months, he has spoken highly of the Cosmos ecosystem, Internet Computer, Ethereum Layer 2s, and Chainlink. We witnessed significant price increases in the relevant coins. I like his holistic approach, combining fundamental analysis with technical analysis.

TL;DR

Youtuber Benjamin Cowen is the best guesser of the direction of prices in the crypto market. Dennis gives satisfactory information about altcoins on the VirtualBacon channel. Kevin Ting's critical perspective on the crypto market prevents our possible mistakes. Coin Bureau is successful in providing news and conveying information. I also benefit from Nicholas Merten's original approaches.

Thank you for reading.

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Nice list you've put up here. You know you can't blame any of them if all goes wrong. This is the market, anything is possible. Technical analysis is no easy task in a volatile Crypto space.

I followed Nicholas Merton for a while, but as written in my post today I've come to the conclusion that most of them(so-called analysts) are full of shit, thus I created my own strategy and stuck to it.

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