Topic: Do you trust chart analysts? - page 12. (Read 3271 times)
Technical analysis is as good as the faith traders put into it. I have my doubts though, because if average traders put faith in it, there is always potential for whales to go against the market sentiment to make some big bucks.
Just like you, I have absolutely no confidence in graphics analysts, because analysts are just reading from the chart history not on what happens in market as a whole. And most graphical analysts are wrong (for me).
I take chart analysis as a reference and don’t rely on it totally. I agreed that Bitcoin prices rely on other factors like what you have mentioned, demand, supply and news. These are the factors I will consider when trading.
That's more like it, taking charting analysis exactly as a reference material, is how it should be. For a trader that's good at analyzing the charts, he's also able to see demand and supply as well as market reactions to news from the charts, even though, that might not be immediately obvious to many onlookers.
The exact rate of the charts versus the forex market is different. Coinmarketcaps are too small for forex. I followed signs and failures from time to time. I am more interested in technology than focusing on charts, the study of cryptocurrency makes me more wise. I have time to learn other skills to become a professional investor.
There probably is some truth to it .
But i don't trust them just because a lot can happen with bitcoin .
It isn't like stocks , some whales can manipulate the price exactly how they want and there is no way to foresee that.
But i don't trust them just because a lot can happen with bitcoin .
It isn't like stocks , some whales can manipulate the price exactly how they want and there is no way to foresee that.
I take chart analysis as a reference and don’t rely on it totally. I agreed that Bitcoin prices rely on other factors like what you have mentioned, demand, supply and news. These are the factors I will consider when trading.
Mist of analysis chart is not 100% true but not bad
Do you really trust chart analyst?lot of people predict bitcoin price with chart analyst.but i don't trust them.i think bitcoin price and other crypto price depend on supply,demand and NEWS.
Bitcoin sendiri adalah mata uang kripto yang merupakan pionir dan yang paling terkenal. Banyak sekali alternatif dari Bitcoin, dan menjalankan prinsip ... Do you really trust chart analyst?lot of people predict bitcoin price with chart analyst.but i don't trust them.i think bitcoin price and other crypto price depend on supply,demand and NEWS.
No one can predict the future of bitcoin but i analysts have an idea. I don't completely believe in them but at least I have also an idea because they also know better than us because they are analysts. In short I am getting an idea from them but not totally believe in what they say as they are also not too sure of what might gonna happen.it is just a predictions or speculations.
right, dont never trust a graph analyst.
because bitcoin is really unpredictable, I am more confident with the discussion in this forum and I analyze bitcoin from everyone post in the forum.
and me make my own analysis.
because bitcoin is really unpredictable, I am more confident with the discussion in this forum and I analyze bitcoin from everyone post in the forum.
and me make my own analysis.
Do you really trust chart analyst?lot of people predict bitcoin price with chart analyst.but i don't trust them.i think bitcoin price and other crypto price depend on supply,demand and NEWS.
Charting is a good way for you to be able to significantly know the movement of the particular coin you are following on the market. It is a good discipline that you always read FUNDA news on the market cap and read charts so that you have guidelines and basis on all of your trades
There are many ways to check the status of bitcoin and the chart is one of the ways to check it. Aside from the chart we can also consult the individuals who already has experience in this type of investment.
For a long time it has been clear to me that the rules that are usually applied in traditional markets are not in any way applicable to the crypto market, as there seems to be a greater influence of rumors than fundamental or technical issues. That is why we continually see the so-called expert analysts fail again and again in their predictions, even though some of them have eventually succeeded, more due to the mere law of probability than to their supposed analytical capabilities.
It seems that if you zoom in or out a certain amount then you can manipulate what you are trying to show your audience. It seems like no one really knows when momey will pour in or pull out
a lot of people don't me personally I don't day trade in that way and there for I don't really use them a lot. I think that TA is a lot like story telling as it explains the price in the past, but when it comes to predicting the future events sometimes it hit sometimes it's a miss.
No, I do not trust any analysts, graphics or anything else. I had a sad experience, believing in the graphics, I lost 3 times my capital
I trust chart analysts but not 100%, let's say, just 70% of it. Why? Because they're not God actually in the first place so there would be no 100% accuracy onto that when it comes to prices/trends, it's just a matter of reference and idea on when is the right time to buy/sell/trade and how or what to do in case of some problem regarding the trend. Char analysts are helpful but make sure to yourself that you have to be smart and wise when making decisions to avoid serious issues.
Usually Technical analysis don't work in Crypto. Crypto market is so young to react to charts
Trusting on chart analysis is not good but yes getting ideas from their suggestion and their results are good. Otherwise everyone need to keep update itself and find a way that how he can predict price of bitcoin from market condition is best way of prediction of price. Market analyst about price is using their own ideas but mostly they are giving opposite suggestion to one another.
The chart growth is one way to see if the coin is generating any money. If there was no markets then there would be something else to replace those places also the pairing of the coin to fiat/etc.
I believe more than anything that demand and supply run a market in the long run. What happens in the short term is up to people trying (and some being successful) to game the market. In reality, it is quite hard to read the market correctly and only very experienced day traders would be able to do it successfully. Chart analysts follow patterns mostly and try to make sense out of what seems to me to be following the weak-form market hypothesis (https://www.investopedia.com/exam-guide/cfa-level-1/securities-markets/weak-semistrong-strong-emh-efficient-market-hypothesis.asp). Because Bitcoin is much public, it usually reflects all market information except in a few exceptions (see Coinbase in the Bitcoin Cash fiasco). When all the information is present, chart analysts are able to identify patterns with more accuracy, but in the end it all still comes down to just having a best guess. No one can predict the future value of anything with complete confidence.
In stock exchange or commodity exchange, we recoznize two methods of market analysis. There are Fundamental Analysis and Technical Analysis. In Fundamental Analysis, we study macro economic. There are several factors or economic indicators that can influence why price goes up or down, including supply and demand. This analysis will answer and identify why price move is going up or down, uptrend or down trend. While in the technical analysis, an analyst will study historical data regarding price movement and try to forecast future price movement. These two analysis have been used generally in the world and can guide us to trade or to invest. we have to realize that market analysis is only a prediction and no one can trust it 100 per cent. Decision to follow or to take in trading depends on us. Jump to: