Do you trust chart analysts? - page 18.

charlotte04

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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 do trust price chart analysis all the time, but I would not say that it is liable all the time, and indeed the price is always depends on the news.

12retepnat34

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I do trust them, chart analysis is important, all traders are using the chart to study the flow for every crypto they want to invest, you can monitor when is the right time to do buy and sell and this really helpful.

Bezobraznike

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Quote from: charliegengos on February 19, 2018, 06:12:06 AM

We can say that charts are accurate but not 100%, We all know how volatile bitcoin and alts is. But it was best to learn charts too

With reading charts, good information in news you can have a good trade

   If they are not accurate that means that creator of that charts wants
to mislead you.
   Most charts are being made by programs that monitor certain data`s
and they make charts by using that data`s.
   Charts that show price movement in past are accurate. I believe in
this charts. The ones that are statistics that show people opinions, and
future is the one that can be false.
   I do not use charts as primary tool for making my decisions. I believe
more in team, their ideas, road map, then community that follows that,
and in the end I like to see charts and what charts showing.

Nikkolodeon

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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.

You can trust whatever you want to trust, there are people who are trusting the chart analyst and there are people who are trusting on demand and supply like you.. but if you think deeper, you can trust them both, I don't see any reasons to choose choose the other and disregard the other one, because those things are very important factors when you are investing in cryptos. Let's just open our minds to the things that help us in this industry. Just learn more useful things.

charliegengos

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We can say that charts are accurate but not 100%, We all know how volatile bitcoin and alts is. But it was best to learn charts too

With reading charts, good information in news you can have a good trade

ellabanana

member

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Bitcoin analyst can't be precise but will be useful in making decision with what to do with your coins. Of course, you should consider a percent for error, but this analyst are experts in terms of their job. I believe they can be reliable.

jseverson

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Quote from: Wind_FURY on February 19, 2018, 12:11:06 AM

So you do not trust the hard data in front of you, but you trust the people behind every news? How do we know that the news released are not FUD or hype?

I don't think it's about trusting news more than data, it's about news being a huge factor, which most data charts cannot predict. For example, Bitcoin was bullish right before news went out that China suddenly banned ICOs and exchanges, after which it plummeted. No chart analysis prediction could have predicted that. I understand the sentiment towards news outlets being untrustworthy though.

Quote from: Wind_FURY on February 19, 2018, 12:11:06 AM

The chart can be interpreted in many ways, but all of them will likely agree that Bitcoin is either bullish or bearish because price data cannot be faked.

This is true, but it can also reverse any time given the volatile market and fickle demand. Chart analysts can only correct themselves after the fact.

Kakmakr

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Historical data has almost no bearing on what will happen in Bitcoin in the future. Some people look at the price history and trends of last year and believe religiously that it will happen again. That is total BS, and you should simply ignore that advice.

No time period in a year is exactly the same as the previous year. There are several events that contributed to that specific scenario and that price performance. Chart analysis is a helpful tool but it is not a exact science to predict the future.

btccointalk

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I do not trust fully because charts will not give the accurate information....but,I do check to get the idea.

Hallmader

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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.

There are some truths in chart analysis although of course it is not 100% accurate. It cannot be that accurate. We have to admit that Bitcoin and altcoins' prices are unpredictable in general. There may be some accuracy but it does not happen all the time and it is only to a certain extent. The supply of crypto does not move anymore. They are fixed. The prices are basically based on the demand. News, updates, and other very important announcements also play a very vital role in the prices of cryptos. But it can also be seen on the charts somehow.

oddwh

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I would say I trust these charts a bit like the meteo Tongue

Charts are great to see the trend but we can't give 100% of our faith on it.

I trust these a bit, but I try to make a summary of some charts to see what is the general trendline. Everyone has is own opinion and cannot be fully objective, especially when the chart targets a small altcoin, that's why we must do our own research and opinion. Checking charts from some people and not only one can be a part of this research

That can be valuable with yourself too, don't only trust yourself, as sometimes our own vision is blinded by what we want to see.

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.

Yes. You really need to know, believe and understand the chart or graph so that you will have ideas on when is the best time to buy or sell. It shows the historical flows and the average of prices throughout the months and it will really give you information. So, it is better to learn on how to read the graph specially the candle stick. News, can also be helpful to us but you should check if it is reliable because you might ended up in wrong decisions.

krauzzer02

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

supply,demand and NEWS.

The first and second points are correct but the third one NEWS? really? some of them is like poison in the community, they keep on spreading false information and chart analysis when it comes to bitcoin, not all of them did the same thing only the bias and one-sided news articles and channels spread the FUD in the community, you can check most of the news online saying that bitcoin bubble just burst to sell it before its too late or the non stop FUD that bitcoin is dead, how many times did bitcoin died from them?

ChickenDuck

newbie

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I don’t think TA really works for crypto, the price of btc is driven by supply vs demand.
If lost of people cash out/take profit then the price will go down, if lost of people buy/HODL then the price will up.

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.

jaaeeeyyyy

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Charts will not give you accurate informations but will give an idea on how they interpret such data and will take you to their view of points onto something it will depend on you if you are going to believe and trust it. However the creator of chart had an above educational background, that chart would be more effective.

gurunanakji777

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SOL.BIOKRIPT.COM

Yes I do agree with your words supply and demand decide the price of crypto currencies. Even I do not fully rely on chart analysis. It gives ideas but It's not guaranteed market will move accordingly. News also plays a major role in the crypto market sometime news gives the direction to the market. This market doesn't works like forex market.

iryboy

member

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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.

When trading I analyze charts myself and normally not trust charts from other people.

Thadeous

copper member

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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.

Charts are not for trust, charts are for analysis and individual conclusions.
Charts do not affect market, but simply reflect past trends and behavior.
In fact, charts tell absolutely nothing about the future.

Shreek

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IDENA.IO - Proof-Of-Person Blockchain

if not with charts, with what do you convince your analysis? I do not fully believe in charts, so I always see also the demand and market conditions.

and traders also always use charts to analyze and then go to market to convince the analysis.

Wind_FURY

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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.

So you do not trust the hard data in front of you, but you trust the people behind every news? How do we know that the news released are not FUD or hype?

The chart can be interpreted in many ways, but all of them will likely agree that Bitcoin is either bullish or bearish because price data cannot be faked.

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