Topic: Chart may help you predict when the next bitcoin rally is coming - page 2. (Read 341 times)
November 02, 2018, 04:15:00 PM
I don’t look at them because more often than not they don’t give us an objective assessment of the market and we can’t judge with confidence what to grow or vice versa.
November 02, 2018, 04:08:24 PM
How much do you use charts or information like this to predict the bitcoin market?
I'm sure they are used often, although with varying degrees of success.
Reading chart is a learned skill that grows with experience. Some are more proficient in it than others.
In addition to technical analysis, foundamental analysis is also helpful in predicting the market movements.
It is if course a prediction, and when the next bull run would come may be too specific an information to deduce.
November 02, 2018, 03:33:25 PM
https://www.marketwatch.com/story/this-chart-may-help-you-predict-when-the-next-bitcoin-rally-is-coming-2018-11-02
"The chart is the price of bitcoin BTCUSD, +0.29% with plots that indicate when what is known as bitcoin mining difficulty growth turns negative. This happens when the difficulty — a mathematical target set by the protocol — is higher than the random probability a miner has of solving the complex problems to validate transactions on the blockchain."
How much do you use charts or information like this to predict the bitcoin market?
"The chart is the price of bitcoin BTCUSD, +0.29% with plots that indicate when what is known as bitcoin mining difficulty growth turns negative. This happens when the difficulty — a mathematical target set by the protocol — is higher than the random probability a miner has of solving the complex problems to validate transactions on the blockchain."
How much do you use charts or information like this to predict the bitcoin market?
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