Do you trust chart analysts? - page 13.

CarnagexD

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Quote from: HashFace on February 18, 2018, 11:10:34 PM

I don’t really trust chart analysis for anything. It gives you something to think about, but I would not rely on it.

I’ve been watching CNBC for decades and their chart guys are wrong as much as they are right. In other words, random guess would work as well ... and that is for stocks, where they don’t move nearly as much as crypto.

I agree with you that crypto seems be driven almost entirely by news, and for the most part moves in unison. The top 50 or so appear to be highly correlated more often than not.

We should definitely have an analysis on ourselves that might help us to decide on the possible transaction we would make. I do not recommend to depends on the article of someone too much but it does not mean that it is not reliable in some point there are people or pages that analyze the real market of bitcoin in the current state.

cobeksede

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Until this moment I'm still dizzy with graphics, I do not think so. I rely on imaginary coins to buy

b3llsf1l3s

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Quote from: ShadyMash on February 18, 2018, 10:55:52 PM

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.

Analysis is analysis, its only a prediction for where the charts will going into. Mostly i only use fundamental and news info than just looking at people's chart.

Because recently, i still cant use chart analysis Grin

recsoninlight

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I usually checked chart analysts for bitcoin's price, but I don't focus on the recent price of bitcoin to predict the future outcome of the price. I suggest watching bitcoin news to become more aware if the bitcoin's price will go up or down.

mahibul49

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YES expert analysers chart is always helpful.crypto trading is not so easy.chart is so good to understand.

Hillthy

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Sometimes It is impossible to demand perfection and accuracy from them. I have more confidence in the speculation of trade experts than the analyst of the chart. For the cryptocurrency market, fluctuations are affected by a variety of factors. Metrics are sometimes not very effective.

EmJay

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Quote from: ShadyMash on February 18, 2018, 10:55:52 PM

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.

Crasengover

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None of the analysts can predict a coin price for sure. Of course there're some major factors that definitely affect the price, but all the analysis is nothing more than just a guess. The market depends more on news, exchange listings, partnerships, etc. So I prefer to use such news than analysis in my daily trading.

fulmetal08larz

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Admittedly, I sometimes believe in the analysts representation on charts, but there are also times where I do the exact opposite of what they say about their analysis. So far, Bitcoin has an unforeseen future nestled somewhere in time and it has proven its unpredictability throughout the years. This feature of bitcoin is what makes other people attracted to it, falling into a belief that it can make them wealthy overnight, but in reality, it all depends on how they strategize in this volatile market.

Harrow30

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There is the real picture estimated analysis; traders' behaviours to market. The charts are only somewhat detailed representation of these behaviours. I believe the charts do vary from different analysts. I do believe in a summary to get actual price.

camport

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No, I don't particularly pay much attention to chart analytics as they can be unreliable and I don't like to day trade. I prefer to do solid research on a project I believe in and HODL for the long run. For me there is less risk this way

rtm125

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Yes, I trust the analytics, but that doesn't mean I believe everything they say. I try to make my conclusions based on the information I have received from various sources.

aardvark15

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Quote from: ShadyMash on February 18, 2018, 10:55:52 PM

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.

I think you need to watch chart analysts for a while to determine whether they know what they are talking about or not. You can separate the ones that are good from the bad ones, but even the good ones can’t predict everything. You have to look at other information as well because this is not an exact science. Cable together as much information as you can before you make a trade.

Washball

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Charts would be more reliable when it comes to stock exchanges. Bitcoin charts can be helpful, but don't rely too much on them. Bitcoin trading is emotional business, what happened last month or last week doesn't have to happen this week or next month.

fattyforhire

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I only trust the opinions of the people I'm sure of. Of course, do not believe every analyst, but you can analyze all the information received from them and draw your own conclusions.

Dudeperfect

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For me, technical analysis is a quick look guide to predicting prices in the short term but when it comes to the long-term I rely on the fundamental research. There is nothing wrong with the technical/chart analysis but it is not full proof too. No one can predict the accurate future but these methods we can use to predict the possibilities of the trends and that will help us to build our strategies.

Waqas vicky

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i personally don't trust on chart analyst.
but sometimes their prediction is worthy but most of the cases its just failed.
bitcoin and other crypto rate is purely based on supply and demand.

Marrionbitcoin

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Quote from: ShadyMash on February 18, 2018, 10:55:52 PM

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.

Aside from the demands, supply and the news we must also consider the graph specially the candle stick graph. It shows the historical and the trending of price movements. It really gives us ideas on when to buy or sell. It is a great indication for us to make a decision on what are we going to do in the future. So, we better to learn and understand the graph and it really gives us reliable information and it is an additional learning for us.

Borisov

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Personally, I trust the analysts checked myself! who gives the information fundamental and long term. and not those crooks that pampet coins funds and cheating people .

UAE Seasider

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I think that chart analysis has its merits and its uses, however essentially what it is doing is showing you a record of the past events and there is no guarantee that the past will be repeated in the future (although it often does!).

It is good for showing you the price history of a coin so you can try and figure resistance levels, and it can help with calculating how far a coin may retreat in value during a sell-off. In summary, use them but don't rely on them as Gospel.

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