Topic: Do you trust chart analysts? - page 3. (Read 3210 times)
Most of the experience traders will always look out for charts to guess what is the price going to be in coming days, based on that they will predict them in the market. Experience trader will always watch for charts to get profit through the trading.
cryptocurrency markets are young and very less turnover in terms of market capitalization so we can see market prediction in these markets may nt be accurate
first when I was a new player and did not know the right time to buy and sell coins, I still believed in chart analysts, but after I had a lot of experience, I became less confident in my chart analysts, more confident in my personal observations.
Ground realities are important. For example we know that bitcoin is the first crypto currency of the world and now the people trend is changing because of the increasing activities and shortage of time. People now like to do online shopping which they consider more easy and comfortable so we have to accept and realize the importance of that trend which in now increasing from time to time.
before I trade crypto, I have been trading forex. I think chart analyst is a little too petrified in terms of crypto trading, yes no doubt indeed, supply and demand are the main thing.
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.
don't waste your time with that kind of thing, it's just a speculation that people do, you and also me can also make such speculations. never believe in predictions. bitcoin can never be predicted even by its makers.Chart Analysis is the tool which we need to know because this tool will help us identify how certain cryptocurrency will move, but you cant trust it 100 percent because the market is very unstable and can change no matter how good the chart looks. But knowing how the charts is working there is a good advantage for successful trading.
The chart is based only on existing numbers. Then the results of the floor and the chart. But the transaction is fast so it can not timely upload the chart. And people should just rely on it to judge the market. 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.
I really appreciate people doing their best to do hard time spending on analysing market flow. Though their speculations isn't a 100% guaranteed but it is too helpful for us specially for beginners. Even we never rely on them at all times but it give us what is possible things to happen in the near future. That's good to have analysis at all times, but for the few months we're into unpredicatable situations I think it would not help that much. We need to be more accurate based on the reality of the market value, and fr beginners I don't think its good for them since the market has not yet establish a promising price. For now we still need to be more patient in order to gain confidence in facing challenges that we're going to encounter during market fluctuations.
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.
One thing is analytical charts and the second thing is a forecast of prices according to these charts. Analyzes and predictions do not come out at 100%. Although certain periods of these charts are repeated. Bitcoin price is moving according to supply and demand, also according to news from the world. In this i believe the price is based on this. It also applies to bitcoin regulations in certain states, from which the price of bitcoin may deviate.
Of course I believe, but if I only rely on chart analysis then I do not believe, I have to combine with other analysis, this is because the market is difficult to guess so I have to use another analysis.
Chart Analysis is the tool which we need to know because this tool will help us identify how certain cryptocurrency will move, but you cant trust it 100 percent because the market is very unstable and can change no matter how good the chart looks. But knowing how the charts is working there is a good advantage for successful trading.
yes, I also do not really believe in chart analysis because crypto prices are difficult to predict so that the predictions are not always true, many factors influence crypto prices
Me too, not really believe, but not completely rejected. Many analysis is still very useful, it may not be true because of the current market fluctuations but not too deviated from the market. 
Actualy no. This could be just an information about trends and some guidelines but I don't make any decision based on such analysis. I don't think it's trustworthy enough.
These are techical data but they can't "feel" the market if you know what I'm trying to say.
I'm not trying to say that you should completely ignore them but they will definetely not help you to make more successful trading.
These are techical data but they can't "feel" the market if you know what I'm trying to say.
I'm not trying to say that you should completely ignore them but they will definetely not help you to make more successful trading.
yes, I also do not really believe in chart analysis because crypto prices are difficult to predict so that the predictions are not always true, many factors influence crypto prices
I think technical analysis is a self-defeating prophecy. If you think about it - if the charts predict that the price of Bitcoin is going to drop after it crosses a particular level - people will try to play the charts and take positions before hand. This would ensure that the pattern predicted by the charts will not occur. You are better off taking a long term call on Bitcoin.
Chart analytics are technical patterns so i trust to chart analyst.
Those technical patterns are usually works specially fibonacci levels and moving avereges are good for me.
well, but I feel that not all patterns of chart analysis are correct. yeah, even i think it looks very difficult. maybe it will be a very strong prediction when it is driven by information that is so good or bad Those technical patterns are usually works specially fibonacci levels and moving avereges are good for me.
Chart analytics are technical patterns so i trust to chart analyst.
Those technical patterns are usually works specially fibonacci levels and moving avereges are good for me.
Those technical patterns are usually works specially fibonacci levels and moving avereges are good for me.
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.
don't waste your time with that kind of thing, it's just a speculation that people do, you and also me can also make such speculations. never believe in predictions. bitcoin can never be predicted even by its makers. 
I don't fully trusts chart analysts though some of their analysis will have a positive result. Most of the time, i just follow what the recent trends are and looking how the market behaves particularly on a certain crypto, you can already make your own analysis out of that.
That's true because chart is a chart and when it comes to market anytime a good news or fud will spread and the charts and indicators will be useless, that's my observation to chart well i am also doing chart analysis but for short time period predictions only as per 4hrs movements. Bitcoins does not follow chart with 100 accuracy. As you can see price is move up and down based on news and not on charts speculation. Another reason is Bitmex manipulation which is causing bitcoin price unexpected movements. I will recommended everyone to follow charts plus the news for their analysis on bitcoins.
Analyzing the market based on the chart gives a clear outline about the market variation that has happened over a course of time period. From this we can compare with the past year and other such time periods that'll give an access to predict the market outcome in a better way.
That is the way technical analysis should be viewed, some people think that if they learn technical analysis they will be able to know what it is going to happen all the time but that is not true, technical analysis is a great tool that allows you to have a more complete vision and a clearer understanding about what it may happen, but in no way it is going to predict the movements of the market in a perfect way. 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.
Every market has different charts just like predictions about cryptocurrency, it was better to conduct your own research in order to determine the prices in the next few months.
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