Topic: Crypto Charts Are Garbage - page 2. (Read 417 times)
For me, Charts and indicators are just guide for us to make a better decision on trading it is not guaranteed to be correct all the time, I guess some assume that chart does not lie but I don't think so, crypto is sometimes really unpredictable. But learning those indicators, charts, recent news is better than nothing.
After reading through the thread, all I can say is that:
– Technical analysis /charting is still a vital part of trading cryptocurrencies.
– Charting works with other forms of analysis (fundamental and sentimental). Being more flexible with more than one analysis type can increase one's odd.
– Technical isn't a guarantee to make profits.
The truth is that technical analysis still works despite the volatility with cryptocurrencies. These days, TA + price action gets the job done. If tge market is evolving, do the same.
– Technical analysis /charting is still a vital part of trading cryptocurrencies.
– Charting works with other forms of analysis (fundamental and sentimental). Being more flexible with more than one analysis type can increase one's odd.
– Technical isn't a guarantee to make profits.
The truth is that technical analysis still works despite the volatility with cryptocurrencies. These days, TA + price action gets the job done. If tge market is evolving, do the same.
Yeah, differentiating the good ones from the bad ones are the real trouble to people who do not read charts themselves. When you go into chart reading world you will realize that there are many people who are horrible at this but still continue to make charts and tell people what bitcoin will do and you are scared that people may actually believe them, that is why if you want to listen to other peoples chart readings and you want to take them seriously, you should first learn about it yourself.
If you can't read charts at all, you should not look at others as well since they could be very good at their job or maybe they are just making stuff up and newbies themselves, so you can't be sure.
For me I see no problem about monitoring for the crypto chart because it is still depend on you if you want to believe to it. This kind of chart give only a possible happen in the crypto, but it doesnt mean you need to follow or believe on what ever it say about crypto. For me its better to have enough and own knowledge about the chart and youre the only one who can say if its worth to believe or not. If you can't read charts at all, you should not look at others as well since they could be very good at their job or maybe they are just making stuff up and newbies themselves, so you can't be sure.
Yeah, differentiating the good ones from the bad ones are the real trouble to people who do not read charts themselves. When you go into chart reading world you will realize that there are many people who are horrible at this but still continue to make charts and tell people what bitcoin will do and you are scared that people may actually believe them, that is why if you want to listen to other peoples chart readings and you want to take them seriously, you should first learn about it yourself.
If you can't read charts at all, you should not look at others as well since they could be very good at their job or maybe they are just making stuff up and newbies themselves, so you can't be sure.
If you can't read charts at all, you should not look at others as well since they could be very good at their job or maybe they are just making stuff up and newbies themselves, so you can't be sure.
Charts are Charts! period!. All you need to do it's understand how the market it's moving, charts give you a general idea of it. But be also careful you don't know when fundamental news can throw to the garbage your analysis. 
Why would need to choose among on the two if you can do both? Theres no such prohibition on using up two analysis which is technical and fundamental.
Lots of traders do really apply this kind of system,wherever there are valuable sources of information and at the same time have some solid signals then collaborating the two
might give out big results.
It will just vary on ones decisions on when he would go in and would go out.
Why not three or four or more strategies? Yes, I am serious about that. When two logically completely different strategies are spotting same price levels for buying/selling then the accuracy for being correct must be nearly 100%. Coincidence of different strategies might be having more power than we could imagine. (Honestly I just forget the term for technically what people do refer when more than one technical analysis sporting same price level for market action.)Lots of traders do really apply this kind of system,wherever there are valuable sources of information and at the same time have some solid signals then collaborating the two
might give out big results.
It will just vary on ones decisions on when he would go in and would go out.
At the same time technical and fundamental analysis will not do that because they are making use of completely different data but will be giving you what you need to do at the particular time of trading. You may still work on both of them for the confident trading.
They are not garbage but if you will solely based on them in making a judgement, that would not make you successful.
You have to consider the hype, FOMO, and the FUD in the market, you won't see that in chart/s but you need to read some news and speculation in order to judge it well. Remember, graph is just one factor needed to read the movement, it's not the main factor.
You have to consider the hype, FOMO, and the FUD in the market, you won't see that in chart/s but you need to read some news and speculation in order to judge it well. Remember, graph is just one factor needed to read the movement, it's not the main factor.
Without using the chart, and only depend on the hype, FOMO, and the FUD, he cannot analyze too because he needs to analyze the movements from the chart. So it will have a connection between chart, hype, FOMO, and the FUD so you can analyze better than other traders, and that means, you will have a chance to make a profit.
Crypto charts are not garbage as long as you can use it with the right. You will have a sign or guide to predict where the price will move in the next hours. But you need to have the knowledge to analyze the chart so you will get the other clue besides using the hype, FOMO, and the FUD, and perhaps, you will have a good prediction about the price and the next movements of the coin.
That is what I am saying but we can't just fully rely on the graph and say, "HEY! I know what will happen next, I can see the trend".. with that as your way of predicting the price, that would not give you success, news is the best information and think what the majority would think, then analyze your decision.
Lots of traders do really apply this kind of system,wherever there are valuable sources of information and at the same time have some solid signals then collaborating the two
might give out big results.
It will just vary on ones decisions on when he would go in and would go out.
They are not garbage but if you will solely based on them in making a judgement, that would not make you successful.
You have to consider the hype, FOMO, and the FUD in the market, you won't see that in chart/s but you need to read some news and speculation in order to judge it well. Remember, graph is just one factor needed to read the movement, it's not the main factor.
You have to consider the hype, FOMO, and the FUD in the market, you won't see that in chart/s but you need to read some news and speculation in order to judge it well. Remember, graph is just one factor needed to read the movement, it's not the main factor.
Without using the chart, and only depend on the hype, FOMO, and the FUD, he cannot analyze too because he needs to analyze the movements from the chart. So it will have a connection between chart, hype, FOMO, and the FUD so you can analyze better than other traders, and that means, you will have a chance to make a profit.
Crypto charts are not garbage as long as you can use it with the right. You will have a sign or guide to predict where the price will move in the next hours. But you need to have the knowledge to analyze the chart so you will get the other clue besides using the hype, FOMO, and the FUD, and perhaps, you will have a good prediction about the price and the next movements of the coin.
That is what I am saying but we can't just fully rely on the graph and say, "HEY! I know what will happen next, I can see the trend".. with that as your way of predicting the price, that would not give you success, news is the best information and think what the majority would think, then analyze your decision.
Anyone sick and tired of articles citing charts? I’ve been in stocks for 10 years and I know how to read them. Bitcoin/crypto isn’t candle based.
Well, I'm not quite familiar with crypto chart but as a traders we need to learn that things, though it may not be easy to understand it but really, really need to get that understanding of course, especially in the indicators sometimes it gives helps for us to be aware for what we are going to do in the actual trading happening in the graph.
Anyone sick and tired of articles citing charts? I’ve been in stocks for 10 years and I know how to read them. Bitcoin/crypto isn’t candle based.
Then it is what? I was kinda confused at your statement. Reading Charts really is a useful tool for both forex and crypto trading. Can you cite an explanation why crypto isn't candle based?
While not all articles showing charts are really true, you can still stick to your own technical analysis. There is so called "confirmation and comparison" to your own charts vs their charts. Remember that their chart is their own readings and own basis. Yours is different. But if you are confident enough to your own TA, no need to see other's charts anyway.
They are not garbage but if you will solely based on them in making a judgement, that would not make you successful.
You have to consider the hype, FOMO, and the FUD in the market, you won't see that in chart/s but you need to read some news and speculation in order to judge it well. Remember, graph is just one factor needed to read the movement, it's not the main factor.
You have to consider the hype, FOMO, and the FUD in the market, you won't see that in chart/s but you need to read some news and speculation in order to judge it well. Remember, graph is just one factor needed to read the movement, it's not the main factor.
Without using the chart, and only depend on the hype, FOMO, and the FUD, he cannot analyze too because he needs to analyze the movements from the chart. So it will have a connection between chart, hype, FOMO, and the FUD so you can analyze better than other traders, and that means, you will have a chance to make a profit.
Crypto charts are not garbage as long as you can use it with the right. You will have a sign or guide to predict where the price will move in the next hours. But you need to have the knowledge to analyze the chart so you will get the other clue besides using the hype, FOMO, and the FUD, and perhaps, you will have a good prediction about the price and the next movements of the coin.
Anyone sick and tired of articles citing charts? I’ve been in stocks for 10 years and I know how to read them. Bitcoin/crypto isn’t candle based.
i think on this matter i partially agree because most of the articles now(if not all of them) are shits and just released to gain popularity but to deceive people.they talk as if it was a truth but its not because there are no exact prediction happens here and they are just lucky to sometimes Got it right but there is no acuracy.
They are not garbage but if you will solely based on them in making a judgement, that would not make you successful.
You have to consider the hype, FOMO, and the FUD in the market, you won't see that in chart/s but you need to read some news and speculation in order to judge it well. Remember, graph is just one factor needed to read the movement, it's not the main factor.
yeah they are not but almost all are,but right Graph can be used as basis but not one to believe truly . You have to consider the hype, FOMO, and the FUD in the market, you won't see that in chart/s but you need to read some news and speculation in order to judge it well. Remember, graph is just one factor needed to read the movement, it's not the main factor.
You don't need to push yourself into crypto charts and tried to understand it if you don't even want it. It sounds like you are abusing yourself and brings you into getting tired and bored because it seems too hopeless for you. Having this tool is not the only way to understand the market and will help you out from losing. There is a lot of things we need to acquire and to learn in order for us to win the battle and not being infected with these negative mind.
Many traders have surpassed these struggles because they want a change and they want to learn something new. And that should have to work out and stop relying on charts if not suited for you.
Many traders have surpassed these struggles because they want a change and they want to learn something new. And that should have to work out and stop relying on charts if not suited for you.
Absolutely right! Crypto charts are just mere guide but not really a reliable source when you are in trading. crypto is a very volatile investment that they sometimes you can't apply any technical analysis that you know of. each alt or token have different trading behaviors as they depend on the project itself, their developments, actual services/product, marketing campaigns, and many others. i will not consider crypto charts as total garbage, but you can use it in some specific cases. if you are trading a particular coin, you need to be updated with their development's progress, else, you will be blindly trading them and losing money is very possible.
You don't need to push yourself into crypto charts and tried to understand it if you don't even want it. It sounds like you are abusing yourself and brings you into getting tired and bored because it seems too hopeless for you. Having this tool is not the only way to understand the market and will help you out from losing. There is a lot of things we need to acquire and to learn in order for us to win the battle and not being infected with these negative mind.
Many traders have surpassed these struggles because they want a change and they want to learn something new. And that should have to work out and stop relying on charts if not suited for you.
Many traders have surpassed these struggles because they want a change and they want to learn something new. And that should have to work out and stop relying on charts if not suited for you.
They are not garbage but if you will solely based on them in making a judgement, that would not make you successful.
You have to consider the hype, FOMO, and the FUD in the market, you won't see that in chart/s but you need to read some news and speculation in order to judge it well. Remember, graph is just one factor needed to read the movement, it's not the main factor.
You have to consider the hype, FOMO, and the FUD in the market, you won't see that in chart/s but you need to read some news and speculation in order to judge it well. Remember, graph is just one factor needed to read the movement, it's not the main factor.
Anyone sick and tired of articles citing charts? I’ve been in stocks for 10 years and I know how to read them. Bitcoin/crypto isn’t candle based.
I really agree with you on this, a lot of the so called expert have lost their reputations due to failed Technical Analysis given over many times. To my understanding, i think cryptocurrency prices are more control by the potentials of the project behind it than the assumptions of it's traders. Sudden annoucement and project development can greatly influence token/coin price thereby rendering the chart useless. I think this is what causes major failure of technical analyses
Anyone sick and tired of articles citing charts? I’ve been in stocks for 10 years and I know how to read them. Bitcoin/crypto isn’t candle based.
The problem isn't in the charts themselves, the problem comes from the people reading and interpreting the charts and in this case it's the article writer.
This in fact is a challenge because unlike you many people go by what the 'interpreter' tells them and obviously that's not going to do any good.
Many articles cite charts because it makes their work more credible but one must be mindful about how these charts are being read. It seems that what you're picking on is the sole fact that they include it rather than misinterpreting the charts - 2 different things!
tehee...sounds like my friend whos using a robot to analyze the crypto chart. Dude, i told him today that he isnt the only one whos facing this issue right now. I called this issue not for his trade style but for robot actions. He miserably faces hard on this month ( last february ), from TA it seems chart goin up at start of feb, but lately on mid something happen which it called double top as someone called it. He think it will go down for sure, but crypto like always doin something that TA never predict which goes north after swing low then after that goes high for a moment.
Since my friend was a FOMOers he choose to stop his robot and buy it. And like we know, the price going down, this is the moment as i remember as your thread said... CRYPTO CHARTS ARE GARBAGE...Dude never expect crypto just like forex instrument, is more volatile and more rash than it. Believe me, keep your TA steady and u will understand it. I mean after i wonder how i can get profit daily is like pipe dream, now i more like how do i get profit weekly or monthly nowadays.
Since my friend was a FOMOers he choose to stop his robot and buy it. And like we know, the price going down, this is the moment as i remember as your thread said... CRYPTO CHARTS ARE GARBAGE...Dude never expect crypto just like forex instrument, is more volatile and more rash than it. Believe me, keep your TA steady and u will understand it. I mean after i wonder how i can get profit daily is like pipe dream, now i more like how do i get profit weekly or monthly nowadays.
Anyone sick and tired of articles citing charts? I’ve been in stocks for 10 years and I know how to read them. Bitcoin/crypto isn’t candle based.
The problem isn't in the charts themselves, the problem comes from the people reading and interpreting the charts and in this case it's the article writer.
This in fact is a challenge because unlike you many people go by what the 'interpreter' tells them and obviously that's not going to do any good.
Many articles cite charts because it makes their work more credible but one must be mindful about how these charts are being read. It seems that what you're picking on is the sole fact that they include it rather than misinterpreting the charts - 2 different things!
All I’m saying is I know technical analysis doesn’t apply to crypto because it’s a highly manipulated asset yet, every time you read an article, it refers to technical analysis which is utter nonsense. Moving averages exist but whether you’re trading long or short they’re very insignificant.
Reading and applying are two different things, if you think this is insignificant then the other will use it because it gives them the advantages. Crypto charts and forex chart may be different but both are using the same chart to analyze the prices so it's still significant in trading. Jump to: