Do you trust chart analysts? - page 17.

megynacuna

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Quote from: Sony.UK on February 19, 2018, 08:29:04 AM

I refer chart analyst before moving further. I believe in it. The chart is prepared with either annually / half yearly /quarterly and etc growth ratio. The old data trend is studied and current chart is prepared. Current news or any new incidents may surely affect the growth and have a bit change in chart. But if you look at, you will have 70 percentage is true as per the chart analyst.

I don't think they actually tell the whole story and so i don't necessarily follow the charts in making my future decisions on bitcoin because they are all speculations and could go either way at any time but i rather prefer to follow my instincts rather than what is put out there based on previous happenings.

Violetta999

newbie

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Believe, but not always. Just looking at situation on market and then take decisions.

carlbreezy

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Quote from: ShadyMash on February 18, 2018, 11:55:52 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.

It's good to learn technical analysis while also monitoring the demand and supply. You're also right that news can affect btc's price. Bottomline don't just depend on charts.

bitcoindian

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Technical analysis won't work in cryptocurrency market is still very young in market lot of money should come to market in order to raise

loragean03

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Quote from: ShadyMash on February 18, 2018, 11:55:52 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.

chart analyst are expert on how do they read the chart in crypto currency, and mostly they can predict 60% of just what happens next for another months or years. but theres a 40% failed. meaning its not really constant. after all things happens these past months and last quarter of the year 2017. I think chart analyst cannot predict what will happen next in bitcoin or altcoins after the all time price dropped. maybe you can decide by yourself and don't need to be advice of some expert to predict the future of all coins.

Abete

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maybe 50-50, when we read an analysis of someone, we can also analyze, analyze it. we can compare with various sources that exist, did not rule out our analysis can also be a reference.

lynlyn

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Quote from: Kulafu on February 19, 2018, 08:17:25 AM

Quote from: ShadyMash on February 18, 2018, 11:55:52 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.

Charts are very useful in all kind of data gathering for analysis. For the price of BTC and other altcoins charts move according to the volume of supply and demand.
So you can predict the price of BTC and when to invest according to the movement of the chart.

Youre right mate the Chart is very useful to us so that we have a basis and information if what going wrong for the volatile movement of a bitcoin.This is also our information if when are we going to buy or sell our tokens and coins.

Harlot

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Quote from: ShadyMash on February 18, 2018, 11:55:52 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.

What you have said that your trades depends on Supply and Demand, and News are also part of Chart Analysis/ Technical Analysis. Technical Analysis also involves outside of what you see in the charts. Like News it can serve as your catalysts or a confirmation if your prediction will more likely to happen or not. People say that Technical Analysis don't work on a volatile market, the answer is they are wrong as Technical Analysis is also a study of a trader's previous action/ behavior which will help us predict future price movements of it.

Fredomago

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Quote from: Kulafu on February 19, 2018, 08:17:25 AM

Quote from: ShadyMash on February 18, 2018, 11:55:52 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.

Charts are very useful in all kind of data gathering for analysis. For the price of BTC and other altcoins charts move according to the volume of supply and demand.
So you can predict the price of BTC and when to invest according to the movement of the chart.

It is helpful to predict or assess what can be the possibility as numbers will give a good chance if what direction the coin will be moved, supply and demands can be determine using charts, as a beginner i usually try to understand how the flow goes using figures and charting, very useful if you
will analyze well and find the possibilities.

dalesotpi

newbie

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I trust them! They present patterns reflecting fluctuations in the market thru a data source that is usually disclosed so can validate it.
And this patterns they present, depending on the source, would tell us of the accuracy. That's why I will trust in charts analysts with confidence.
HOwever, will also try and consult other sources, such as experienced traders that may have a few worthwhile insights at their disposal.

Sony.UK

full member

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I refer chart analyst before moving further. I believe in it. The chart is prepared with either annually / half yearly /quarterly and etc growth ratio. The old data trend is studied and current chart is prepared. Current news or any new incidents may surely affect the growth and have a bit change in chart. But if you look at, you will have 70 percentage is true as per the chart analyst.

katixrecamara

newbie

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I may trust them but only to a limited extent. I mean, you can't fully trust something of which you have no idea how reliable the data source is, right?
But of course chart analysts are good or extremely good in presenting patterns of prices with considerable accuracy, but it is hard to really predict the future since prices always fluctuate. On the other hand, experienced traders may have a different opinion with this one.

Javanewstar

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Although affect the price of the bitcoin is a variety of news and the regulation of the national policy, but because someone will still know in advance the message, so they will purchase or sale in advance, this time can judge from the movements in the chart.

Kulafu

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Quote from: ShadyMash on February 18, 2018, 11:55:52 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.

Charts are very useful in all kind of data gathering for analysis. For the price of BTC and other altcoins charts move according to the volume of supply and demand.
So you can predict the price of BTC and when to invest according to the movement of the chart.

fredo123

full member

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Charts are not enough to put your trust on it, Charts are just a tool to analyzed the possible movement of its value. Since the value are always fluctuating, you can never find specific amount based on chart vs actual amount in trading site.

raniadaling

newbie

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I believe them, but not fully.. after all, by the end of the line it is supply and demand that runs the market. Chart analysts may be able to present patterns with confidence (depending on the data source), but no one can predict the direction or the future value with absolute confidence.
It is extremely hard to predict market correctly, although there are a few experienced traders that may be able to do it..and most of them don't rely much with charts.

cleante

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Charts shows everything before and clear.

tegarp90

full member

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yes if you a daytrader you should need to understand chart, and make some analysis.
But if you're a long term holder, you should see the whitepaper, roadmap, teams of your altcoin.
only invest to trustful project

vv181

legendary

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We know there is no legitimate proof chart analysis is really works like a charm, but we can think that indirectly chart analysis is widely used by many traders, so it doesn't need any proof or a valid way to show it really works. in the meantime, the chart analysis is really used widely many traders, so, indirectly the technical analysis become valid and legitimate somehow because many traders have a same technical analysis.

monkeydominicorobin

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Quote from: ShadyMash on February 18, 2018, 11:55:52 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.

There is no reason to trust them as much as we need to trust stock brokers. They are bunch of frauds.

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