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Topic: chart reading and prediction - page 4. (Read 537 times)

legendary
Activity: 2702
Merit: 4002
September 24, 2023, 06:32:30 AM
#3
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.
legendary
Activity: 1652
Merit: 1208
Gamble responsibly
September 24, 2023, 05:58:26 AM
#2
Some people are correct while some are not correct. As some of them are predicting uptrend, some of them at the same time will be predicting downtrend. Then who should we believe? No one. The best is to make your own analysis and believe in yourself.

I can see a guy recently on Twitter that says that bitcoin is going to $5000. Is that possible? That is not possible. I also see the guy posted a chart on Twitter that bitcoin will fall after 2025 halving, but which is not possible.

Anyone can be an analyst as long as he is analysing. Anyone can analyze good or bad.
jr. member
Activity: 121
Merit: 2
September 24, 2023, 05:34:21 AM
#1
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?
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