I’ve spent the last few weeks watching some of the more popular cryptocurrency traders, analysts, tipsters, and insiders.
I looked at what seemed to be the 30 most popular profiles based on their names popping up on Reddit, Telegram groups, Twitter stats and actual recommendations.
These are the 6 I like most, and for various reasons, which we’ll look at on a profile-by-profile basis.
Disclaimer: I think it’s important to note that this is my personal opinion, it doesn’t mean that there aren’t any better analysts and people to follow to help you make trading decisions, and none of these traders and analysts get everything perfectly right.
I consider myself an amateur analyst, and will likely continue to do so for a very long time, I feel that each one of these analysts has different approaches, techniques, and perspectives. It’s really important to remember that perspective is everything in an analysis, and having analysts like these to refer to is a great tool that we all can use to help them make the best possible trades with the information at hand.
While I have taken care to measure each analysts accuracy, I myself can say that the data may not be perfect. Factors to consider are that I am only using Twitter data from the past 365 days. Some data has had to be averaged out, and since I’ve only looked at the data over 365 days, longer timelines have been shortened. This is purely to provide an average accuracy percentage and should be taken with a grain of salt.
Again, the columns on each of these analysts are my own opinion.
@Peripheral seemingly likes to scalp as well as trade longer term. This means that one of his techniques is to do very short trades in order to make smaller percentage profits. This technique allows you to make multiple trades each day. It’s a pretty exciting style of trading, but definitely not recommended for the novice trader. He has a pretty accurate record of around 78% over the past year. He tends to focus on BTC but also looks at other charts on occasion, like ETC and VTC. What I like most about James is his narrative style, he presents a complete idea not only in the chart but also adds to it by explaining a little bit about his outlook in text. More often than not analysts seem to assume that people reading their tweets understand the terminology or the implication of their triangles and trend lines on their charts, so its refreshing to see something different. I have noticed that he also calls himself out if he’s wrong, which is a great characteristic to look for when using someone as a reference point for learning!
@CryptoInsiderX doesn’t really divulge any of his analysis on Twitter, his main form of communication seems to be via his telegram channel. I think that I would definitely consider CI an influencer. Many of his tweets seem to involve ICO’s and referrals. In this case, it’s not a bad thing, the ICO’s that he seems to endorse are ones that I would also feel comfortable with based on my own previous research. Moving on to his Telegram channel, the altcoins he mentions that he’s bullish on, are not related to ICO’s that he is (possibly) endorsing, but he does mention them in the occasional post. The altcoins he lists seem to be well chosen, however, I haven’t looked at all of them in depth. On his Telegram channel, he offers some perspective on the potential value of coins, and the math does make sense. I think that the key to using CI’s tips is definitely to take the information with a grain of salt and do your own research. This is an account that I continue to follow purely because I feel that I’ll be exposed to coins that I might not come across. CI is definitely an account to watch for ICO’s and Alts as opposed to Bitcoin.
@mindtrading definitely looks at longer-term trading, shorting is not something he publicises on Twitter, and much of his tweets also factor in the overall outlook on BTC, he tends to keep his analysis on a single thread that sometimes spans weeks, which is very convenient. His analysis is quite accurate, with an 81% score over the past year. I think that there is probably a lot more data and more in-depth information that he could offer, however it does come at a price. He has (or is part of) a private Discord channel which you can join for mentorship and advice. His analysis is good, and he definitely shows a different perspective in terms of analysis, which generally agrees with the other analysts we will look at, however, he uses very simple trend lines to explain his opinion. I think this twitter feed is definitely for more advanced traders who are a little more comfortable reading charts. This, however, doesn’t mean that you shouldn’t follow him if you are a novice, in fact, it might be helpful to look at his analysis in conjunction with your own and others to learn a little.
@MPovolotski seems to be publishing quite accurate data. Like many of his counterparts, he has a paid channel for advice and analysis, but he also publishes the occasional YouTube video with general updates. His chart analysis isn’t particularly regular, but what I do like are the very responsible tweets in between analysis. I think that as analysts who are publishing their views online, they should be more responsible for those charts than simply saying “not financial advice or DYOR – do your own research”. While those two statements are right to do, Matthew takes it further by tweeting about making responsible decisions, risk management and adapting your strategies. To me, these are very important, there are many newcomers to cryptocurrency trading, and it’s the responsibility of all of those who came before them to not lead these newcomers into believing its easy, or that everyone will become millionaires. This is important for the market in general, we need new faces to keep coming in, and to do so, we need to guide them so as to not scare them away. Matthew does this well, and with an overall accuracy of 84%.
I like @CryptoCred for 2 reasons: The first is that he’s been 86% accurate over the past year. He doesn’t post chart analysis multiple times a day, or even daily, but does, however, continue to post updates to analysis over the space of a few days. I, therefore, would consider him to be between day trading and swing trading. His insights are well supported by fact, and he posts “big picture” type analysis as well for the longer term traders. This is a well-rounded approach I think, but to be honest, it’s because I also prefer these trading styles as opposed to shorting. The second thing I like about CC is that while he does offer paid consultation, he also provides a large amount of free information by means of Google docs, Medium articles, YouTube video’s and live streams, and of course, his Twitter feed. CC is a really insightful analyst and also offers general trading advice via Twitter. I think that in conjunction with his 86% accuracy, he has a lot to offer you in terms of learning to create your own charts as well.
@CryptoSays has a great sense of humor, but that’s not all he has to offer. Joe is also arguably the most vocal analyst that I’ve looked at over the past few weeks. He’s definitely a Bitcoin guy and that’s where most of his focus is. He’s incredibly active on Twitter and shares his opinions, charts, and ideas often. I have Joe pegged at an 87% accuracy, and I am watching some of his predictions for March through May. Joe is a really, really well-balanced analyst, he doesn’t offer set prices to buy in or sell at, but rather points out price points and trends to watch out for, whether positive or negative. Joe is also one of the few analysts who are impartial. More often than not, social media analysts will post more positive trends than negative, some don’t look at potential negative trends at all. Joe gives his followers a far broader view by also looking at potential downtrends in the BTC price, which is incredibly valuable information to have. This type of information allows his followers to take a look at their own charts, and if they’re in agreement, they can sell off before a dip. If you’re only tweeting the positive information, people will miss the mark and would have to hold their positions longer to reach their goal profit % or in some cases, break even. In my opinion, it’s a really responsible attitude to have and I’m sure his followers are grateful!
Overall these 6 guys have a great balance between them and are invaluable both individually and as a collective group of people to watch for a really stable set of idea’s, opinions and analysis.
No trading analyst on earth has a perfect score, and over time each one of them will improve their techniques, abilities, and insights, as will you if you keep practicing. It is important to use the resources they provide as a guide to your own charts and not copy them directly. Not only because they can at times be incorrect, but also because direct copying has no value to you as a future analyst. The more you are able to learn from them, the better you will be at not only creating your own charts but spotting potential flaws in other people’s charts.
You could easily give the same data set to these 6 analysts and they are likely to each come up with a different result. This is one of the most exciting aspects of trading, and each opinion is valuable as they each bring their own perspective.
Tiaan Wolmarans is a cryptocurrency investor and trader, airplane pilot, musician, and writer.
Disclaimer: The information presented by Tiaan is for informational purposes only. It should not be considered legal or financial advice. Tiaan is not a financial adviser. You should consult with a financial professional to determine what may be best for your individual needs.
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