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Topic: Crypto Charts Are Garbage - page 4. (Read 419 times)

full member
Activity: 2520
Merit: 204
February 29, 2020, 01:26:10 AM
#7
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.
Yeah more than 2 years account and just logged in to post this hatred for Technical Analysis this sounds great 😅 are a failed trader mate?why seems very  angry about the charts and gave us choices with same answer ?anyway if you really knew how to read charts you will not be posting like this instead you will share your own analysis here
hero member
Activity: 2156
Merit: 803
Top Crypto Casino
February 29, 2020, 01:07:33 AM
#6
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.
Technical analysis don't give you 100% assurance on price movement because crypto prices are highly volatile and often goes with manipulation by whales so it will not follow the price charts always but when the market is in sideway for too long then your TA can help you to make more profits.

Crypto price prediction never works. Bull market or bear market strategy do not work. It only helps to minimize your losses. I personally do not consider them 100 percent viable way to analyse the market. You need to consider other aspects such as news.
hero member
Activity: 2366
Merit: 793
Bitcoin = Financial freedom
February 29, 2020, 12:49:41 AM
#5
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.
Technical analysis don't give you 100% assurance on price movement because crypto prices are highly volatile and often goes with manipulation by whales so it will not follow the price charts always but when the market is in sideway for too long then your TA can help you to make more profits.
legendary
Activity: 2170
Merit: 1789
February 29, 2020, 12:47:21 AM
#4
While it's true that the rate of success of technical analysis is lower on crypto, it doesn't mean you can ignore it. One of the obvious reasons is that a lot of traders also use that, so it creates a 'self-fulfilling prophecy' culture such as with the fibo sequence.

10 years on your back should be enough for you to tell that TA is just probabilities. Even if a chart has a 90% success ratio, you can still fuck it up.
legendary
Activity: 3122
Merit: 1398
For support ➡️ help.bc.game
February 29, 2020, 12:35:40 AM
#3
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.

You have to consider other factors as well to act as your references instead of relying purely on charts. Crypto is volatile and in just a glimpse, it might rise or crash.

Chart indicators will tell you what should you do base on the given trend, price action within a given timeframe, "possible" and "expected" things to happen and so on. If you have been in stocks for 10 years you should at least know how to differentiate using charts to crypto and stocks.

How long are you here in crypto? It's fine if you are currently having difficulty applying analysis base on the chart. You will be used to it soon. You already have knowledge about trading indicators so that's already an advantage. Adjusting how to deal with the crypto market shouldn't be a problem for you.
legendary
Activity: 1806
Merit: 1521
February 29, 2020, 12:15:15 AM
#2
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.

"Not candle based?" What does that mean? Candlesticks can be applied to any price chart, any instrument. They just track the open, low, high, and close.

Are you saying TA doesn't work on crypto?
newbie
Activity: 2
Merit: 0
February 28, 2020, 10:04:24 AM
#1
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.
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