TL;DR: Self-proclaimed top cryptocurrency trading analyst Jacob Canfield admitted to faking gains, using Photoshop to make his trades seem better than they were in actuality. He has since apologized, but not before being caught by a watchful enthusiast.

Trading Analyst Jacob Canfield Photoshopped Gains

From a now-deleted Twitter account, Jacob Canfield explained, “On Twitter, I have posted a handful of trades that were successful trades, but for some reason, I felt the need to photoshop them to make them look better. I did this to chase clout and it was dumb and wrong of me to do. It will never happen again. Feel free to roast me for it.”

Canfield ran something quite common in cryptocurrency trading circles, a paid subscription advice channel. Telegram is filled with them. Charts. Technical analysis. Few such services manage to do better than chance over any reasonable amount of time, but with wild speculative volatility famous in the crypto world, uneasy traders are often on the lookout for gurus.

Trading enthusiast @Trapouts of Bernie Bros Trading Group noticed something was amiss about Canfield’s posts. His subsequent investigation of Canfield claimed to have found “10+ photoshopped positions,” @Trapouts explained, with Canfield at some point insisting the fakes were “‘early on in his twitter career.'”

"#1 Ranked Bitcoin Analyst" and Chiropractor @JacobCanfield aka https://t.co/Xg1SqyEE8v is as we suspected, a Photoshopper/Fraudster while busily collecting subscribers hard-earned money Subs should demand their money back and/or contact @SEC_Enforcement #btc #crypto pic.twitter.com/VZ9FVA3lb0 — GuruLeaks (@Guruleaks1) March 14, 2020

It turns out Canfield continued to falsely brag through being caught, according to @Trapouts, perhaps believing few would notice. As of publication, Canfield maintains a Premium TradingView account. His LinkedIn account, listing him as a Managing Partner at Signal Profits, appears to have been deleted. Previously, Canfield was an oft-cited analyst for crypto news sites, and has even appeared on CNBC.

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