Topic: chart reading and prediction (Read 537 times)

These questions you mentioned are mostly newbies or even if they are not newbies, they still don't know the questions you said. Because others thought that this is how Bitcoin trading is done in this field of industry, actually.

Basic things that they should have known first, but because they are in a hurry to get income, they always end up losing and making useless hasty decisions. They didn't think that before they can drive a car, they must first know the basics, what is the basic so they can drive a car, first they must have a license, and once they have it, they must know how to drive or the car will move forward. First, safety must be first, wear the seatbelt, start the car with the key, know how to use the parts in the car, the same should be done in trading, you also need to know how to use the tool indicators to predict the direction the price will go. value when they trade.

It's true that buying right now should be providing some decent profits to people, but I think not everyone is ready just yet. We need to let them be for a while and they could do a lot better on the long run, it could end up with something that should be profitable to them if they know what they are doing.

I get that life is not all that simple but we can't just let people make decisions based on what we think, it's our thoughts and they have their own and if they think that they are going to profit a lot more by waiting and seeing it move first then we should let them do that. I agree that the market needs people who buy at the top as well, so we need those people and if they are fine that way then let them do what they want to do.

The knowledge most traders have about trading in general is too shallow, lets look a one of the most simple indicators that exist, the simple moving average, also known as SMA, many traders use this indicator, but do they truly understand it? Do they know how it is calculated? Can they calculate it by hand? What is supposed to indicate? How it can be used with other indicators to produce accurate signals? What other indicators use the SMA as part of their own formulas? Very few people can answer those questions, and with this in mind it is not really surprising those people get poor results.

The question is, can you read the chart when you are on an exchange site platform? Because if you don't know or have no idea how to understand it, it's obvious that you're either a newbie or you're just basing your trading income on guesswork and luck. In short, you're just pretending to be a trader just to make others think you're a crypto trader. That's how it used to be for me.

But do you know that an individual trader who enters crypto trading must be able to read? For that to happen, you must first learn the basics of trading and also know at least some of the tools here, because this is what we will use to identify the direction in which the price of a crypto that we want to trade is likely to go.

The thing here is that on the time that you are just basing up or depending on your analysis then it wont really be giving out that kind of regret unlike when you do follow someone and really did get their analysis and follow

it into your trades and ending up on a losing one then the feeling of regret is really that extreme on which this is something that not really give out that kind of good feeling.Nothing beats out if you do simply rely with your
own analysis rather than on being that too reliant or dependent with other peoples analysis. Its true that we are all speculators on here, and it doesnt matter whether those price increase claims and predictions do came from known people or companies on which getting in line with their suggestions or price predictions arent assurance that they would happen. We are all speculators here on this crypto world on which price will really be
only determine by the demand and some factors on which there's no way that it could really be predicted.

Chart reading might be that hard but it does takes time for you to have a good grasps to it and this is where effort and hardwork would count because chart reading and trying to
see those indicators and other tools does really that sufficient knowledge.

It's really important to be careful when it comes to crypto and investing. Don't just blindly trust anyone, no matter if it's an influencer, big company, or even just a person with good intentions. It's hard to predict what the future holds for stocks and cryptocurrencies, so it's important to do your research and make sure you know what you're getting into. YouTube and other social media platforms have become a hotbed for crypto promotion, but not everyone has your best interests at heart. You might see "shitcoins" being promoted or people getting paid to promote shady projects, which can be really risky for new investors. Don't just jump into something just because you see it online - do your research and learn more about the technology, team, use case, and long-term potential. Your financial security should always come first.

When influencers provide content related to crypto price predictions, I prefer to use their knowledge and make it a new insight, not use it as a benchmark or belief that we don't research more deeply. Because in terms of determining predictions we will again be faced with the decision to buy or not, to invest in crypto or not. So my advice is that you only need to take positive points like the methods they apply. Because that's just what we need to take, not believe it without reconsidering the decision. One more thing that influencers do when they predict is usually for commercial purposes, namely being paid so that what they talk about becomes profitable because it has attracted beginners to enter.

Their predictions are not the same, though. Of course, few of them are right. Personally, I believe in them, especially if my analysis would align with theirs. I mean, we don't have to follow them blindly; we can only agree if their technical analysis is backed by various reasons or factors that would affect the price movement going towards the price movement they are predicting.

Any platform is useful; there are lots of traders who make vlogs for content. But you can easily spot those who have good analysis because they have a good number of followers or subscribers.

And those people who actually do it are only moving in silence. They don't let anyone know their next moves which makes sense because trading is about losing and winning. I mean there are traders who win in one side and the other is losing. So, we need to be selfish to earn more profit out of it. But, there are wise guys who mislead people by publicizing fake information.

Yeah, I also noticed that only a few traders are using fundamentals or it's not being talked about the most as compared to technical analysis. I guess that is because one-of-a-kind news or major news about the financial market or cryptos, doesn't come that often but traders can do a technical analysis anytime they like.

The majority of those influencers are either lying through their teeth, and they are simply making it seem as if they know what they are talking about, something not too difficult as the majority of those that watch their videos know nothing about trading, or they know how to trade for real, but since they are trying to get views and subscribers they have decided to twist the facts a little bit in order to give more interesting predictions and attract people in this way.

As long as the prediction came up with a good analysis, it's good to consider as one of your future references on your next trading action. The market is unpredictable and too volatile, therefore, at least we don't just want to rely on instinct, emotion, guesses etc. on what would be the best possible actions. Don't approach trading like that.

Chart reading is obviously not 100% accurate but since it uses some tools and indicators, we can somehow able to predict some scenarios and design a strategy on that situation.

If you consider charts useless, then you are rejecting technical analysis, for which the basis is the analysis of charts in order to predict the price movement in the future. The fact that you do not understand anything when you look at the graph does not mean that they are useless at all, but shows the lack of knowledge you have, which is solved by training.

Anyone can go to the social media and say whatever they like about a particular cryptocurrency asset. We don't have to be blind to what they are saying because some of all these social media influencers can be saying the truth about the market while thousands are only there to promote some crypto project and keep collecting money from the project team for promotion.

 This is why the cryptocurrency market is full of different categories of people and projects too so we need to be sure on what project we are putting our money or else we'll going to keep making loses that we never planned about. There is need for us to do research about anything we see online do that we will not be unfortunate on some certian false news.

If you know anything about trading, I am confident you can tell yourself that if you see something on YouTube or Twitter, you will know if the influencers are telling the truth about trading. Because, in my opinion, the majority of them have only a rudimentary comprehension of trading.

They just appear to have a broad knowledge of trading, but the truth is that they only know the fundamentals. That's what I've found among YouTube content providers, even though they occasionally miss the essential explanation in trade.

It's true that it looks like we are going to end up with some good results and it should be important to realize that you are going to end up making profits if you end up buying right now. Plenty of people are still waiting, and I do not get that idea, you do not have to see it going super high before you buy, that would be quite late and you shouldn2t do that, you should be buying right now so that you could profit when it  goes super high.

I know that market doesn't work that way and in order to go from 50k to 100k, we need people buying at 99k to take it to 100k, so that means we need people buying at the top as well, or at least near the peak. However, we do not have to let it be under 30k right now neither.

Don't trust anything until you do it on your own. Market analysis is a legit thing and that's how people make trades and make profits from it. But it's never 100% accurate. People making money from such things will never share their own hard work for free on Instagram, TikTok, or other platforms for free. Even if they are real and they are sharing that for free, never trust them 100%. It's so hard to find one who's legit and even if you find one, there's no guarantee that their future prediction/ analysis will be as successful as the previous ones.

Learn the thing on your own. Give it a try and experience it. Trust me, this is the best way. The things you learn on your own will stay with you for a long time. And you can use that to your advantage at any time. You won't have to depend on such influencers on social platforms. Even if you lose, you lose on your own. That should be something to be proud of.

Now is a safe time to make predictions to the upside. It's safe in the sense that we're in expectation of a bull rally occasioned by the incoming Bitcoin halving next year. Many influencers cum analysts are capitalising on this to put up figures. They will be right, eventually. It's not a bad thing to FOMO, just like it isn't to also FUD. However, one thing should be taken into cognizance and that's not to follow anyone's prediction blindly. Everyone should figure out what level they will exit after investing now. It's uptrend for Bitcoin. Don't be deterred by whatever dip you see now. It's minor price correction.

The charts will depict it all and never trade with feelings. That feeling is not recommended, this is not gambling. Trading requires data that must be analyzed. The crypto market has data that is continuously updated, looking at past data and matching it with current data charts. Reading and predicting charts requires good analytical knowledge and also understanding how fundamentals occur. Even though predictions are not 100% accurate, at least we know how the market will flow.

And that is precisely where TA excels, TA should not be taken as an absolute truth and instead it should be taken as a guide of what to do on the unlimited scenarios we may encounter while we trade, this is why one strategy can tell you to buy and another strategy under the same scenario could tell you to sell and still both strategies could help you to make money if you follow them, however very few traders think of TA in this way, which is why they get mad when they lose and then make a lot of mistakes trying to compensate for those losses.

There are hundreds of chart readers who are always doing their job, some are right and wrong, what we need to do is make our own predictions before deciding. Chart readers can help us learn to understand how, but it is not recommended to completely follow because when we rely completely on people's predictions it will actually mean that we never learn to read graphs independently.

Regardless of the good and bad analyzes made by graph readers, at certain times they can help many people learn to make analysis, especially for those who always share analyzes with an accuracy rate of above 75%. Analysis itself is also really needed so that we can understand it and get used to making adjustments.

this is also my point, when the only way to determine the right decision is through chart reading and technical analysis I don't see any reason to just ignore it.
its better to have something to hold to, even though there might be miscalculation and inaccuracy involving these technical analysis
they are more or less still good indicators and way to know the market.
because if we just invest based on gut feeling then most of the time it will result in loss, because you can't just outright trust gut feeling without proper reasoning meanwhile TA in general always use proper reasoning.

Well, I believe in technical analysis and fundamentals, it all works. But I don't trust all the analysis of all the traders that we see in social media because some of them are not real, not profitable traders. So beware of them, and I believe some of our fellow crypto users are lured by them. So if you have an edge in trading, you will immediately determine this kind of fake traders who just want to catch your attention for their selfish motive.

Correct? We cant really tell but its not really that bad to snip up some idea when it comes into those analysis and chart reading but never ever make yourself do easily
believe and making those analysis to be input up into yours or simply you are following them 100% because its not really that something worth on doing so knowing that
each one of us could really easily give out that kind of analysis which its neither that a good one or bad one, Market is truly that unpredictable and there's no way that we could really be
able to tell on where it would be heading. Come in mind that there are even speculators who do really make out some claims that they are really having that good profitable trades
and trying out to hook noobs to follow them.

We are all speculators on here on which it is really that common that there would be lots on social media platforms or on streaming sites with those chart predictions and
analysis on which you could really be able to see but its not really that something that would really be ideal for you to follow and nothing beats out on having
on your own rather than on trying out to follow those.

I believe that though it is true. Even if we understand how to read charts, it doesn't have to be 100% accurate in our predictions, sometimes when we want to make a trade we are still ahead of what we consider to be a prediction. I prefer to use it, at least it doesn't mean I make trades just based on my feeling that the coin will go up or not, but because the chart is correct.

A chart or technical analysis is a matter of what one's eyes "a Trader" can see or view from the trending market. for instance, some traders make their predictions based on the daily, weekly, and monthly timeframe analysis, and that is why traders' perspectives will always be different from the other traders' views, And that makes it not encouraging to take investments or trading decisions based on someone else's point of analysis.

Therefore, the bottom line is that at the end of the day, some will be right with their predictions while some will be wrong, reason being that no one is a master.

Some people can predict easily and their assumptions are true but we cannot trust everyone as we don't know that the predictor is true or false. Sometimes people predict by visualising the history as lots of people are saying that there are certain months in which market become dump so from these assumptions predictors concluded that as the conditions were in past so surely they will occurs once more.

A common man cannot identify the market with the help of price chart but it is the experts who can spread the accurate information when they imagine the price chart. According to my experience just focus on the suggestions of experts and never believe that everyone can make you successful through offering news about which we don't know that whether they are of accurate nature or are untrustworthy.

It's not easy to find those type of places and be sure that they would all work, obviously they may not work. However, if you are careful about what you are doing then you should be able to make a profit better, and one of the ways to do that for example would be buying when it's bottomed out like right now, and wait until the big bull run to make it a lot higher.

Chart reading is a great example of this, if you want to make a profit it's better if you end up with something that could profit you a lot, and should be considered a good job if you are careful about it as well. I get that it may not be all so simple, but it could be possible if you could learn how to do that all by yourself and not look at others to see what you should do.

Skill is most essential for trading, especially if you have good skills, it is definitely possible to profit from trading. However, if you want to learn about trading, you have to spend time and if you want to learn it by following videos or social media, it will never be good. In the early stages of trading you have to spend money, then you should not be restless because you may not get profit, but you should learn with patience. And when a good stage can be reached gradually, it will be possible to receive that education, and he will be able to gain good experience. To earn in trading, a person must spend enough money and time, but he can make a profit from it, otherwise he can never make a profit. That is why it is necessary to take advice from a good trader first, only then it is possible to gain experience in trading and earn money from it.

by reading charts we can predict what will happen next, apart from fundamental analysis, technical analysis can also be used to predict the next movement. In fact, many stock or forex traders have also applied it long before crypto existed, and from the graph we can see the trend that is forming and the possibility that prices will follow the trend, but it is not certain when this will happen.

IMO, I will not.
I will not believe only one of them but instead, collect their predictions and have a reference on it while making your own analysis.

A combination of two trading analysis (fundamental and technical) might give you a chance to predict near to the accurate results.
But don't forget the fact that these analysis are just a tool, there's no assurance to have accurate results.

@OP, check the previous result of the analysis before you will believe it, because IMO, everything in social media is a lie, there must be a hidden agenda about why they do that and show it publicly.

Actually I will say from my perspective that in 2025 we shall experience a bullrun and my predictions is not stamped that the price of bitcoin should be something I know that will be upwards always, it has regulations in the market, for those Instagram, twitter and any other social media I know concerning bitcoin, I believe that those thier predictions is to make people to venture more into cryptocurrency investment and especially bitcoin so that it will enhance in making their coins to be known during bitcoin bullrun, some of the speculation of bitcoin getting increased is done because some particular people have agenda or plans of using the influence of bitcoin increment to make their coins to have influence and also propagate in volatility in crypto market.

Hmm, most of you are talking about are the crypto influencers you so-called celbs, in my TBH, I think most of them are real and some people just pretent to be good market readers to attract some audience and encourage them to buy their shity premium services. So you need to choose by your expeexperienceh them. I used to follow a couple of my local Youtube analysts, and sometimes I find tier views really interesting as a whole I cant cover eveeverything my own so a mentor stuff isimpis importanture to follow up on the DYOR.

Next to it there is a type of people, who just increase views and try to get a bunch of people following them for the signals what tey theyy really is a game they use to create 2 groups haha this is also a fan base story so I don't own the content originality s my words are also inspired from someone, but yes I had put something in it and removed some useless content from it. Moving back to the topic I t,hink they create 2 groups ptting half on one side and half on the other and giving a bullish signal to one side and Bearish to othedifferent s wins and there they promote their premium services and on the other side some motivational quotes.

T on the other sidehere are some goodexcellentpleas well but 80% of the premium services signal group sales are fake and they are trapping the newcomers. So learn before entring the field.

Yes chart reading is really important part for trading. If you do proper chart reading, then it will help you to understand the market better. And as you understand the market better, so it will help you to get more profits in the longer run. Now regarding the social media channels you have mentioned in the OP, then I cannot guarantee how accurate readings these people are giving at a particular time about the market. Learn to analyse the chart and it will help you to make less losses.

Others just do it to show off which is why most people don't trust it. Also crypto is very unpredictable which is why it is difficult to predict but still that is the number one thing that a trader will do read the chart and read the news to make sure if the entries go their way. Though it still does not mean that it is guaranteed to win a trade because mostly in crypto it is based on news if there is new news the probability of affecting its price is high.

It is still better to have your own analysis if you decide to follow it because having knowledge of trading and not just relying on someone's chart prediction is not good as in the long run you will need to do it yourself.

You don't have to trust what you get from social media, especially if you don't know the influencer. You should make your own predictions based on your abilities and study material so you can know what to study next.

Those who make predictions are also based on what they have learned, although some make their predictions based on other people's results that they have found. So what you need to do is re-examine their predictions so that you can find more useful information for you and you can determine when to enter and exit the market.

You should trust yourself more than other people, especially if that is about prediction. No matter if later you find that your prediction is wrong, that will be your lesson to learn more about analysis. That will improve your analysis skills so you do not depend on other people's predictions.

Yes, I believe some of them but only the trusted ones. Most often, people who make predications in social media are only for engagement purpose and does not really have a strong foundation and an immense knowledge in trading. So the best advice that I could give is to know who you are following and who should believe in. You can check their credibility or history if they've been giving a helpful information to their audiences. If they are not able to do so, then they are not reliable and you shouldn't rely on them as it can negatively affect your trading.

It's okay to be reliant on these chart readings, but you also have to be knowledgeable about these things because you cannot depend on these people all the time. And for you to be able to get better results, you have to educate yourself first to reduce risks.

Don't believe. However, if it is a reference, yes. Many social media influencers tend to use it for their personal gain, but not all influencers do that. It would be better if we had our own analysis/had skills in technical and fundamental analysis and used other people's analysis as reference material only. We should believe in the analysis we make ourselves, this is for our good so that we can survive in any situation.

We can't expect a perfect reference with technical analysis based on chart ready, because sometime it falls with low success rate. Specially in times of quick decisions we can't figure out a specific judgements with respect to projecting the right target. Predictions sometimes a win or lose trend, much better if we have a close monitoring of the trend as you became more educated and experience with this field trading career. However, I can't suggest this type of money making process to become sustainable in the future, since there's no perfect predictions to apply in different situation.

Most of the influencers who make forecasts on the social media channels you mentioned, such as Twitter and YouTube, are simply correct and have no logical basis. I'm sure I've only seen a few who stated their theory on the forecast they made in their article or post.

Others exist as well, because the sole purpose of such platforms is to aggregate a large number of perspectives on truth. That is why we should conduct our own study into the things we want to know about trade activity in the crypto market. If you have a concept or knowledge of the trading tools listed, you should still base your interpretation on the chart.

To be honest, I believe more in people who are doing charts or technical analysis than telling it randomly without basis or proof. Some are also using fundamental analysis which is not really bad but I am more into technical.
So for me,  it's fine and I can believe on it.

as usually i would consider these chart reading as one of the factor that could helps me in investing but never the sole reason why i would invest in a project.
because mainly the market always based on supply and demand nowadays, if there is hype there is demand, and if there is demand the value increase.
these chart are good for reading the situation but also many times the prediction based on chart could be wrong.
but as a trader these chart reading might be beneficial since many are also following same chart reading techniques therefore the market might
be moving based on that in short term.

Chart reading aren't meant to push everyone to believes on it. Their respective analysis is a product of their own and they are using their own set of factors in forming that prediction. It's just usual to see some predictions based on reading chart lines because that was it supposed to be.

It's now up to you if you will follow those prediction or not based on chart reading. As long as you encounter an analysis that you think built professionally and pointed out some of the key pointers why that prediction was created, you can consider following that on your next move.

Crypto is volatile that's why you see a series of predictions from different traders but no one know what would be the accurate thing that will happened next.

As an experience trader you should be able to read and view those charts to verify whether those chart analysis are correct or not of course that those predictions is not a guarantee the analysis are profitable, however having a clue after reading the chart can help to determine the likely direction of the market therefore I wouldn't believe in any charting analysis or prediction posted on twitter or YouTube except those analysis that I can verify myself and in line with my own analysis and trading strategy, so it becomes necessary not to just adopt any prediction blindly on social media to avoid incurring inevitable losses in trading.

Obviously there are too many chart reading on the internet. Most of these readings are not close to being accurate and were just generated based on unrealistic values. It is a few of these very reading that are correct and near the estimated prediction. And that is why it is called speculation and no one uses that as a fundamental basics for their investment. The best way to survive, is to listen to all the craps and then do your analysis by yourself. With your own research you come to your own conclusion of making any decision that is relating the cryptocurrency.
If you are not very good with the charts, atleast try to be knowledgeable with the fundamentals, so that you will not be taken totally unaware by the market.

The chart in the trading application is enough to predict the coin movement.The analytical skill was essential one for the trading,the time need to spend on the trading.The person who learned good trading knowledge had an capacity to earn more money from the trading.If the trader at the initial stage and not ready to spend money to learn trading.Then they will not able to earn from the trading,the better option for him to move to the other business.All the social media now helping the people to learn trading,the trader should ready to spend the time on learning.

It is not a matter of believing, it is a matter of demonstrating your results with facts, it is the easiest thing in the world to draw a few lines over a chart and make a prediction, however how accurate are your predictions? How much money you can make with them? How much money do you lose with them? What methodology was used to create that prediction? Those are all questions that need to be answered by the ones speculating with the price otherwise you should not bother about anything they say about the markets.

Would you rather believe in your guts or expectations and just jump on a trade without having any logical explanation as to why?

The charts is what we’ve got. Getting to define those support level and resistance level to the candles, using your trend line and RSI to determine direction and strength of the persistent side in the market (bulls or bears). At least, it makes more sense than just jumping in and placing trades based on sentiments.

Being able to deduct the codings in an analysis simply means you understand it. At least to some level but, the point should be, you having to be the one that comes up with the analysis.
Those that might just follow without understanding are traders and it could easily be an issue of the blind, leading the blind.

I don't understand how there are people who follow these analyzes without them learning/understanding it first.

You should always see them and analyze them first, then you compare your analyzes with those of these people, and you can qualify how good you are or how much of a liar these so-called "experts" are.

Truly it is difficult to trust the accuracy of charts in bitcoin, because of it's volatility, reason why different people comes with their different perspectives of charts. In the end the unforseen factors of supply and demand in the market might swing to a different
unexpected dimension that is not expected, so it is best to take charts as advice rather than facts.

I can relate with your mathematical analyses of viewing charts, because a person needs to put some factors together in order to arrive at a decision. Charts are predictions to determine future occurrences, therefore, someone needs to have a formula that serves as a guide to arrive at the decision. Bitcoin price fluctuation as we know is quite unpredictable, so after taking analysis from different sources, this your 4/100 equation can guide the person to arrive at his own chart.

No. Chart reading is basically fortune telling. What you guessed may or may not happen in the future. Nobody can know it. If it was possible to make educated guesses by looking at charts, everyone would do it and everyone would become rich. Do you know a trader who is making 100% right guesses? Of course no. There are some people that make more good guesses but give enough time they will become losers too. (Assuming that they are making their guesses only by looking at charts) The truth is, successful traders use lots of other information too. They follow the news and sometimes they get insider information. Charts don’t tell you all that.

Always doubt, pal. Everybody has a hypothesis, pattern, or secret, dont they? A chart cant tell you everything, especially if its from someone else

I'll tell you what I do believe in - my own analysis. I analyze and draw my own judgments after looking closely. I ignore the noises of opinions on the internet. Why? Because everyone's got a motive, and its rarely in your best interest

Do your own research, be skeptical of online projections, and arm yourself with facts in a world of misinformation. Maintain an open mind, healthy skepticism, and choice freedom. And chart reading is not that hard, so spend some time to learn them

No, basically because after seeing so many failed predictions, some of them very sophisticated, I don't believe that any one is more reliable than another. If you've been doing this for a while you get an idea of where the price will go in the next few years, but so do they, no matter how sophisticated their prediction. In addition, many of them make these predictions because they usually make money with the visits, and if they don't make money they are still looking for popularity, which encourages them to make predictions every now and then. If they paid me well, I would do it too.

Charts show what is happening on the market but people may have different opinions and predictions because that will be based on their interpretation of the market trend. Of course, the chart but not fully to the person who interprets, I'd rather make my own than others. But also, we can't assure that we are right because predictions often go wrong due to the unpredictable nature of the market, so we never have to expect to be right.

If you are referring to Bitcoin then it is not that easy. Just by reading the charts it won't be easy to predict Bitcoin. News is another aspect to consider to determine the hype. I haven't seen anyone being able to closely forecast Bitcoin price and how it will react.

If you are a shit coin trader, Twitter is the place where you need to be. Follow a few market influencers such as Elon Musk and you might be able to make profits. No, guarantee whether your investment would reach the moon, you can lose everything you invest.

Most of the analyses are for self profits, in a way they will make money from it. Some that are accurate is not that the people that get it right are able to be accurate, but just that the market go towards the direction they take, it can be opposite next time. With how the analyses have been, I do not read about it again for me not to be disappointed. The worst are signal providers that only care about their pockets.

Many who predict chart on social media don't really know what they are doing but the essence for them doing is just to get audience that can generate income for them. One thing about chart reading and prediction, it is something traders are much interested to know when they see it. Some people just predict it inaccurately just for the  interest they will gain from it, it is important for people to know who they can take price chart from because taking the wrong one can lead to massive loss, traders should not see any price charts predicted as ultentic, most of them are wrong.

In  their so called "technical analysis" anything is possible if they want to make chart look like bullish then they can draw lines which shows the market will be bullish, at the same time other charter wants to show it bearish he can show bearish by drawing more some lines, means the charting is just speculating the future prices without solid fundamental reason for why the price will go up or down.
But in short time frame it works because lots of bots with huge liquidity are trading at this breakouts, breakdowns, macd, rsi, etc.  

I don't trust price charts made by other people, because when they are wrong and we experience losses because we follow the graph lines made by other people. We cannot blame the person because we must bear all the losses ourselves. So that's why I still don't believe in chart lines made by other people and besides that, I also rarely trade for a long time, which makes me less interested in understanding prediction lines for various cryptocurrencies up to now.

These analysis is basic tools when someone start trading btc but it is just prediction on the base of previous history and marketcap of the coin. As far learning purpose some of videos are useful but for trading everyone has own strategy and way of analysis and there is no guarantee that any one analysis will also work for you.

I know many Youtubers and twitter influencers who is just doing just for views and community interection, some of them will make daily 2-3 videos and if any of their analysis become true they will shill it again and again. Analysis is just one factor for predicting btc As hugeblack mentioned, other factor are also involved and we have to look for all these factors when we trade btc

Some are accurate, some are not, and some are just trying to gather audience to make their accounts gain engagements. I'm not one to believe in them fully, I take every predictions and readings with a grain of salt and I think everyone shouldnas well. We need to be critical with this kind of thing cause we can never be too sure.

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.

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.

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?