everyone on twitter, insta reel and youtube is making prediction related to different cryptos based on chart lines. Do you still believe these chart reading?
It is difficult to trust in its accuracy in altcoins market, since only supply and demand control the price directly, but it can be considered an assistant to you in making trading decisions, as it has good accuracy in the long term, and the accuracy decreases as the time period decreases.
In Bitcoin trading, you can start by creating a demo account, searching for people whose analyzes you trust, and then forming your idea about trading. After that, you will be able to draw the same charts yourself and you can rely on them at a rate of:
- Technical analysis
25% - News and analysis
25% - Your study of the market and the nature of your risk strategy
25% - Your intuition is
25%Thus, you can get better results in trading.