Topic: Do you trust chart analysts? - page 16. (Read 3271 times)
For me it won't works.. Bitcoin works in fundamental analysis that's why I keep looking at news articles and bloga on media waiting to give a real information on what's going on the monetary system.
I think that not all analysts can be trusted. some of them may intentionally say the wrong information. so they can be wrong. all information have to be rechecked
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.
You can use it as a reference, however, you shouldn't trust it fully. Chart analysis is effective as a reference, however, it can either go up or down after hitting it's resistance or support. This is not applicable on bitcoin as we all know that bitcoin market is unpredictable.
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.
If we talk about about charts analysis in general - yes, I believe them. They are a good tool for predicting things.
But I can't trust everyone who has made such an analysis.
For me im not trust them because they are only other guy estimates i cant trust them if its my money
It's basically totally automated so u should believe your own instincts and knowledge against the market and the behavior of btc upon the historical movement of it.
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.
technical analysis is the method of analysing "supply,demand and NEWS" by the help of charts. Technical analyst looks at the charts and predicts possible scenarios with the knowledge of how things happened in the past.
Human behaviour is full of fud and fomo in financial markets, by looking at the chart you can easily see if an asset is overbought or oversold, so you can make your own risk and reward analysis and invest.
i don't trust them but i can use their analysis for my basic predictions to determine the price movement because use chart analysis won't enough to predict bitcoin price and i consider the percentages to predict the price use this method is only less than 50% so combine all excluded factor such as feedback news or the demands is more good
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.
I agree with your exposure, yes. no one can accurately predict 100%, in the trade there is always a science that we can learn including analyze the chart. some people who have been very experienced use the method. So, if you want to understand it more you need to find some knowledge about learning graphics problems.
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.
If i am not wrong chart analyst is nothing but a software systen which works according to the historical data and follow a simple alogorythm of the movement of btc against the period. Thats i personally believe, and i also agree with you for not to trust them cause i believe every investor shoudk have their own strategy to follow. Like to follow the market for btc when any trade house have red signs against btc then its consider to be the best time to invest to get the short time arbrirtage profit. That is a rule of thumb only trade analyst can help to make any decisions but to follow it blindly wont be a good idea.
It might give you some insight but I don't take it that serious. A chart is just a chart, the market is a different beast.
Chart analysis involves a big part of psychology. Many people react in the same way over and over again when they are under pressure. And the charts often draw an image of that. The problem is that many people are now capable of analyzing the chart exactly for those patterns. And exactly because many people know and act on it, I think the analysis itself is not so accurate anymore.
For crypto market at current size no ... for myself the analogy is ...
Try to analyse the size of the universe before Hubble ...
Try to analyse the size of the universe before Hubble ...
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.
Yes. If you check the past history of any of the coin, you see how those were responded to support and resistance. I believe both TA and FA.
The Crypto space used to be all about the technical analysis, charts etc but with the high rate of volatility in recent times (Thanks to the increase in the number of users of Cryptocurrencies), It's now about the fundamental analysis that's where stuffs like hype, news, fuds and everything other characteristics of the Crypto market that we see today falls under. Charts helps, It does give us a sense about the Crypto market using previous history and patterns.
I don't trust them at all. They can be used as guidelines if everything is running perfectly. This maket is too volatile tho. Every news has a potential to either increase the value or decrease it.
Until there is fear in this market, nothing can be trusted unfortunately..
Until there is fear in this market, nothing can be trusted unfortunately..
Unfortunately now every the second "analyst", and some known analysts - are sold and specifically give such forecasts, that would on backdrop of their news and reputation, the price coin soared to the moon . first of all , you need to think for yourself, and not trust all sorts of analysts ! especially since a lot of scams!
Actually I do not really believe about graphics analysis because the price could have increased and decreased at any time with the support of enthusiasts who begin to make offers and requests greatly determines the price of a bitcoin.
most of the analys are just a predictions it doent mean that yyou have to trust them with all your money. they ere there for just a guide and they are just predicting base on the past record of the coins that you want to invest.
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.
me personaly i dont trust that analysis most of them are wrong and they are doing that bacause they are a good blogger or youtube blogers. in that way they can promote there blog and youtube channel.
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