Topic: Do you trust chart analysts? - page 8. (Read 3271 times)
I belive in mass majority character and it shows nearly perfect analysis
Well, they do really have deep understanding about crypto and almost every analysis they made hits the target. But for me, even if you don't have to read their analysis report, you can still hit big as long as you have timing and a stroke of luck. After all, it's the demand of people that greatly affect the cryptocurrencies' price.
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 use it as part of my reference in trading,but i dont rely everything on analyzing by chart coz i have some part from another tips,and some are from my own researches,so i dont have someone to blame if my investment failsChart analysis are just for speculations based on its form but not really reliable. Market is still the one who will decide.
Your perfectly right on this mate,speculation is best word to define the chart analysis,but i gues most of the time its the BIG PLAYERS WHO WILL DECIDE 
Technical analysis is based upon chart patterns and theories.
The idea is to use the patterns and theories to make an educated guess as to where the price will go. Do all the TA you want but in the end IT IS just a guess where the price will go, any "TA expert" that tells you otherwise is lying.
At first, I just did not know how to give the OP an answer, and then I decided to just keep reading through the thread to see what you guys have been saying, because I do not understand what the OP was really driving at discarding chart analysis. There is only one way to trade and closing one's eye to the chart is like trying to prep for failure because there is no way it can be done and for him to say indirectly that it is bullshit got me stunned.The idea is to use the patterns and theories to make an educated guess as to where the price will go. Do all the TA you want but in the end IT IS just a guess where the price will go, any "TA expert" that tells you otherwise is lying.
No one trusts anything and all we are trading is to play safe which is why most times, the chart is just a necessary analysis to always consider. Doing some technical analysis on the chart can always help you to make some good decisions as the case may be, and that is how you can at least help your situation in the market. Bitcoin is highly complex and sometimes, I always try to look at price action in some specific region of support or resistance which you can never do without your TA.
Chart analysis are just for speculations based on its form but not really reliable. Market is still the one who will decide.
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 no other ways to do is to trust analyst chart because in there we can see the price and many of them depends on that including what you said like supply,news and demands. If you patiently holder I think you don't need to worry about chart analysis.
I cant say that to you clearly sorry
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 you are a holder you do not need to trust such a thing which is just one more reason to become a holder, when you are a trader you need to make a lot of analyses and yet you are not sure that what you are doing is going to work at all but as a holder you can just watch the price do its thing without any worry.This.
Buying and holding is the best strategy for MOST people, because most people don't have the TA skills/experience to be making a lot of trades. Also a good trader has to take emotion out of it and trade with discipline based on a strategy.
Another point I wanted to add is that some of the TA is almost like a self fulfilling prophecy....if everyone is watching the 50 day moving avg and all agree when price touches it that its a bullish sign and everyone goes long....well you get my point.
I don't trust the same awsome buddy
actually, today, we really need analysys to get ready for actions if the market price changes in the future, but not all the analysys we get are correct, because no one can predict exactly all the time, specially in this cryptocurrency market, the price of crypto is very fluctuative, and no one can sure what the price will be in the future, we can only read analysys to prepared for the future.
Prices do not rise according to technical analysis, T.A follows prices. But the direction of the prices and the up & down trend power are very important without a doubt. I d like to follow pozitive & negative divergences and reversal wedges
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 believed in chart analysis data but only as a guide not totally it will be the end result of the price prediction because i trully believed that the price of Bitcoin and other digital currencies are fluctuating in which we really don't know what will be the end of this unpredictable values but as a guide then at least it will influence a little our decision making of everything that we are going to do specially in trading and investments.
yes, many have proved that many analysis charts provide benefits. well, if they do have a lot of experience about it, of course it will likely work. maybe you should also try to do analysis from the chart.
Chart analysis or should I say Technical analysis are there for traders to take advantage of and not trusting in them, I wonder what any trader will want to trust in then. If any trader rules out technical analysis, then obviously they have no strategy and most of the time, they are just gambling. Trading requires charting and that is the only way anyone can ever make good trading decisions.its a true point to argue as because if the currencies are virtual how could graph depend on this virtual base?
Anyone who is relying on only fundamental analysis to trade bitcoin will always end up in the FOMO category of investors. You should at least be able to combine the two. If the fundamentals and technical are showing positive, then you should be able to make a good decision, but as far as I am concerned, you cannot do without technical analysis before at least considering getting some affirmations in your decision. 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 you are a holder you do not need to trust such a thing which is just one more reason to become a holder, when you are a trader you need to make a lot of analyses and yet you are not sure that what you are doing is going to work at all but as a holder you can just watch the price do its thing without any worry. 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 agree with the supply, demand but the NEWS; I don't agree with it because most news do only create fear or FUD in people and nothing else. And for the chart analyst, some times it works and sometimes it does not. Because cryptocurrency is most times unpredictable, its just with luck that some popular investors predict the particular price of any cryptocurrency.
Your question itself has the answer in it. Chart analysis is just to consider as an extra resource to invest or trade and you shouldn't depend completely on it. As you said news and market cap is one of the factor for price but there are other things to be considered as well like the Bitcoin fork etc. Rather than go with the data or analysis you should use your own research on the trend.
I don't trust chart analysis, with these charts everyone can draw some lines and show that there is a pattern either downwards or upwards...
Maybe you can learn something from it, but I will not base my investments on this type of analysis.
Maybe you can learn something from it, but I will not base my investments on this type of analysis.
Many of the whales have owned bitcoin a long time and they know each other. If you look at historical charts, there is certainly a respect for mathematics going on somewhere in there. My guess is that whales truly decide where the bitcoin price is going, and if you could read the charts the way they do, you would be enlightened. The rest of us are guessing, but there is most certainly more "sure things" once you reach the whale groups
Well its too risky to depend on any whale groups, just like pumps and dumps group so you'd better to do your own analysis because it can really help you decide where to invest and can lessen the risking you are taking with. Chart analysis required skills so you can read it correctly, try to learn more about it.
Not trust but listen. Their opinion matters to me also. Whenever they talk or speculate something about cryptocurrencies, i also analize what they mean and thats how i base my opinions and decisions. Listening to them wont harm anything but rather give you some informations from different perspective. Its upto you if you will listen or not.
yes, many have proved that many analysis charts provide benefits. well, if they do have a lot of experience about it, of course it will likely work. maybe you should also try to do analysis from the chart.
I usually 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 goodJump to: