15m Analysis Does workfor Bitcoin?! Publishing Fake Analysis Then Saying Trend Is Changed 🤷
I have noticed some comments on my post complaining about certain content creators on Binance. "Some creators post BTC analysis 3 - 4 times a day, but only 1 analysis is correct, the rest result in losses when we followed the analysis I'm loss my money. but, you publish 1 analysis a day, and its accuracy is miraculous. We are truly amazed by your analysis."
Then I search them and their page mostly some creators posting 5m, 15m analysis from my experience this is might not be the most effective approach when it comes to analyzing Bitcoin for several reasons. but you can use 15m for other coins/project not for BTC. I will mention below some of the drawbacks of using this short timeframe for BTC analysis. this is from my experience.
👉 Volume and volatility Bitcoin is known for its high volatility coin in the crypto market and erratic price movements. The 15-minute timeframe tends to capture a lot of volume and short-term fluctuations, making it difficult to understand correct trends or patterns. This can lead to false signals and misinterpretations analysis, as price movements within 15 minutes can often be random and insignificant.
👉 If these content creators use indicators, maybe they often use technical ones like moving averages or trend lines. But these indicators/method don't work well for short timeframes for BTC. This type of indicators made for longer-term trends and don't predict well in short timeframes. So, when they do a 15-minute analysis, they misuse important indicators, which makes it hard to make accurate predictions & accurate analysis.
👉 Narrow view looking at just 15-minute intervals limits the big picture and ignores broader market movements. Bitcoin trades non-stop(24/7), and many things affect its price, like news, rules & regulations, market sentiment, and global economy. By only focusing on short times, important details and trends may get missed & fu*cked up your analysis
Read Continuesly can't write more words so have article 👇