I’ve wondered how much effort it is worth trying to understand candles, Elliott waves, etc.
My conclusion is that if you are starting with little to no knowledge of charts, then it’s not worth it to figure out all the movements in the short term. There are too many variables to figure out.
I think it’s better to look more at the big picture and do longer term trading that doesn’t require as much technical knowledge.
Topic: Is it worth analyzing Bitcoin price chart? Well... Bitcoin will increase - page 2. (Read 503 times)
January 09, 2020, 09:14:40 AM
January 09, 2020, 09:10:07 AM
Of course, it is, You have to know how to analyze Bitcoin price and how the way Bitcoin price is running, It's very important for this system because Bitcoin is the mother of this Cryptocurrency world, suppose, You are going to trade with Bitcoin and any other cryptocurrency then you must gather the knowledge about the Bitcoin price in recent time, So price chart will help to bring to you a good summary about this system, That's why price chart will help to you to make a decision without any hassle, so it would be a good thing for you if you want to get involved in this system for the long run.
January 09, 2020, 03:57:31 AM
worth it or not it depends on how you and people see it, to be honest I studied this for years and even I feel a little strange, what they describe sometimes does not fit into widespread calculations, almost I see mostly only for personal gain and a team, just look at a lot of self-made analytical charts forcing chart lines according to their desires without having to see anything that is really important to calculate, here I learned a lot that determines the market is traders and charts are made by many traders not the chart lines that we make our apps read of course sometimes not always the same, although the same is just a coincidence, my thought is that to read the graph is very useful in the fiat currency market but not for crypto
sorry i don't know much about Bispex
sorry i don't know much about Bispex
January 09, 2020, 03:20:24 AM
Yeah. As i said in the subject, is it really worth it?
I mean is it really worth learning how to read its chart?
Btw, What is insurance trading on Bispex exchange? It sounds complicated and quite new concept applied to exchange.
January 09, 2020, 03:12:12 AM
of course reading a bitcoin chart really needs to be done when we have entered the world of cryptocurrency. reading the chart really needs to be done so we can compare bitcoin prices in the past and present. by reading charts we can speculate and make the right decision.
but reading the graph is also not a guarantee that our decision is right. but this will be a valuable experience.
but reading the graph is also not a guarantee that our decision is right. but this will be a valuable experience.
January 09, 2020, 02:03:12 AM
Yeah. As i said in the subject, is it really worth it?
I mean is it really worth learning how to read its chart?
Btw, What is insurance trading on Bispex exchange? It sounds complicated and quite new concept applied to exchange.
Seriously? Of course it is very significant to learn how to read charts, technical analysis and volume. It will help you to go through on a success trades, it sure is worth to learn those. And when it comes to trading in bispex exchange, I never tried to trade to that exchange yet but i do a lot of tradings in bitmex and binance.
However, I have heard about bispex token but not yet about their own exchange. Did they launched their own exchange already?
January 09, 2020, 01:11:02 AM
Yeah. As i said in the subject, is it really worth it?
I mean is it really worth learning how to read its chart?
Btw, What is insurance trading on Bispex exchange? It sounds complicated and quite new concept applied to exchange.
I have seen a lot of people trying to predict future prices for cryptocurrency and they always end up with giving the wrong information which makes think that analysis is always wrong and is not worth it.
Even the so called influencers you see that post rubbish on Twitter are just deceivers and don’t even know what they are saying, they are among those that are making people think analysis is not worth it. They just come out and speculate that Bitcoin will reach $1 million tomorrow, lol.
January 08, 2020, 11:36:53 PM
Yeah. As i said in the subject, is it really worth it?
I mean is it really worth learning how to read its chart?
Btw, What is insurance trading on Bispex exchange? It sounds complicated and quite new concept applied to exchange.
It is worth it if you want to make some profit by trading on a daily basis. You need the skills to read charts if you are a trader. If you are trading without such skills you are like a blind man trying to catch fish. You will surely end up with nothing.
But if you are not interested in analyzing price charts, you should shift to simple hodling. That does not ask much from you. All you have to have is patience.
Most of the traders are relying on chart reading for their daily trades but of course they are still considering a lot of factors before they will finally conclude when is the time to buy and when is the time to sell, yeah patience is very needed for this, as the market is sometimes unpredictable and hard to read.
January 08, 2020, 11:23:46 PM
Yeah. As i said in the subject, is it really worth it?
I mean is it really worth learning how to read its chart?
Btw, What is insurance trading on Bispex exchange? It sounds complicated and quite new concept applied to exchange.
It is worth it if you want to make some profit by trading on a daily basis. You need the skills to read charts if you are a trader. If you are trading without such skills you are like a blind man trying to catch fish. You will surely end up with nothing.
But if you are not interested in analyzing price charts, you should shift to simple hodling. That does not ask much from you. All you have to have is patience.
Most of the traders are relying on chart reading for their daily trades but of course they are still considering a lot of factors before they will finally conclude when is the time to buy and when is the time to sell, yeah patience is very needed for this, as the market is sometimes unpredictable and hard to read.
January 08, 2020, 10:38:30 PM
Yeah. As i said in the subject, is it really worth it?
I mean is it really worth learning how to read its chart?
Btw, What is insurance trading on Bispex exchange? It sounds complicated and quite new concept applied to exchange.
It is worth it if you want to make some profit by trading on a daily basis. You need the skills to read charts if you are a trader. If you are trading without such skills you are like a blind man trying to catch fish. You will surely end up with nothing.
But if you are not interested in analyzing price charts, you should shift to simple hodling. That does not ask much from you. All you have to have is patience.
January 08, 2020, 09:26:30 PM
The learning related to cryptocurrency will help us profit out of the investment we make. When we have the ability to analyze and study the chart we can easily understand the growth history. Upon the same we can make investments and increase the profiting chances even though in most cases luck decides the profiting as we don't know how does the market change in no time.
January 08, 2020, 09:06:39 PM
It is worthy to know how to read charts, in fact, that serves you a signal/guide for the next step you have to take. This is also a reason why successful traders achieve their goals. It eventually we learn it, of course, it takes time and more experience. It is our own market understanding which we acquire when we are fully engaged in trading.
BTW, you have mention Bispex...It is new to me but looking its market performance https://cointobuy.io/bispex it seems to good to invest with also. Well, it hopes that it could follow the uptrend motion of crypto by now.
BTW, you have mention Bispex...It is new to me but looking its market performance https://cointobuy.io/bispex it seems to good to invest with also. Well, it hopes that it could follow the uptrend motion of crypto by now.
January 08, 2020, 02:05:17 PM
if you have to make money out of it why not learn it. there are people who wakes up in the morning and looks at the chart without even thinking of something else first. they eat drink and breath BTC trading and the firs thing they do when they wake up is check the charts and see where could the market go today and trade. that's the kind of dedication they put to earn money in analyzing BTC market. it must worth analyzing.
January 08, 2020, 01:52:42 PM
It's worth analysing charts if you are good at it but on the other hand its not a must, investing in bitcoin is less risky than other coins, all i keep doing is buy low and sell high, repeating the process over and over again will earn you good reward
But how can you determine what low is low and what high is high? I think on your perspective there are just prices where you are comfortable on buying and selling but this isn't really the best way to go nor the most efficient one when it comes to maximizing your profit. You still need to determine the bottom as well as the maximum price that Bitcoin can reach during that time and you can only do that with the help of technical analysis. Just by being comfortable with prices on what you think is good enough will only get you in a lot of risk in a trade.
January 08, 2020, 01:50:35 PM
Yeah. As i said in the subject, is it really worth it?
I mean is it really worth learning how to read its chart?
January 08, 2020, 01:32:15 PM
It's worth analysing charts if you are good at it but on the other hand its not a must, investing in bitcoin is less risky than other coins, all i keep doing is buy low and sell high, repeating the process over and over again will earn you good reward
January 08, 2020, 12:19:00 PM
I think analyzing Bitcoin price charts is not that easy for beginners, it may take you some time to understand how bitcoin's price moves each day, but it's always better to get some idea about that so at least your predictions will be more accurate and with logic instead of random guesses of prices, And most of people are thinking that bitcoin's price will increase in the future, so sooner or later we'll have a good profit.
January 08, 2020, 12:15:00 PM
Yeah. As i said in the subject, is it really worth it?
I mean is it really worth learning how to read its chart?
Btw, What is insurance trading on Bispex exchange? It sounds complicated and quite new concept applied to exchange.
January 08, 2020, 12:05:31 PM
As per my knowledge and experience these charts along with other prediction data never work in this sector. See this current bull run for instance there is hardly any chart that was predicting such bull run. Bitcoin run whenever it has mood to run. .
January 08, 2020, 11:44:27 AM
Yeah. As i said in the subject, is it really worth it?
I mean is it really worth learning how to read its chart?
Btw, What is insurance trading on Bispex exchange? It sounds complicated and quite new concept applied to exchange.
Also with some research in the market price and the possible upcoming price of the bitcoin you need to consider a lot of things like influence and also check some news from bitcoin.
There are so many speculations in the market for sure it is not 100% accurate overall simple things could easily affect the market price of bitcoin but as it is price charts and research about it is surely worth it in the end. It might not be accurate all the time but still, the speculations could or most of the time accurate if you do things in the right way.
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