Relationship between charts and follow up 📊

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Quote from: Inior on December 16, 2023, 10:06:28 AM

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Nice to see that you are engaging in this thread and still replying to the people. Usually, people generate these shits with AI and then leave it. I don't know what is your goal, but let me say that you are on the wrong path. Most of us will criticize you for using this AI shit but you are unlikely to get some good suggestions. But, I would like to advise you to refrain from doing such a thing. You somehow managed to convince me because I haven't seen any newbies come back to their thread and read what others are saying about his writings. I was supposed to leave you neutral feedback because of your actions. But, I would like to give you some good advice instead. I hope you will hear me

MusaMohamed

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Quote from: Inior on December 15, 2023, 05:10:31 PM

In the crypto markets, charts serve as vital tools for investors to navigate probable outcomes by means of visual representations of price movements, which provides insights into trends and potential entry/exit points.

The more time you spend to watch price chart, the more probability you will make bad, stupid decisions. Those decisions will cause more losses for your capital, not profit.

Because watching price chart is stressful and makes your emotion, psychology more unstable, this is start of terrible trading or investment decisions.

Quote

However, effective follow-up is the main key to successful.

Watching price chart less is a more effective way you can do for your trading or investment especially with investment, you don't need to look at the chart too often.

Aanuoluwatofunmi

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Quote from: Inior on December 15, 2023, 05:10:31 PM

In the crypto markets, charts serve as vital tools for investors to navigate probable outcomes by means of visual representations of price movements, which provides insights into trends and potential entry/exit points.
However, effective follow-up is the main key to successful.
Monitoring chart patterns alone is insufficient; timely follow-up ensures informed decision making.

Your follow up required should constitute the other necessary indicators that you will need to work along with in other to make your chart speciation come to close accuracy base on the other indicators signals, follow up could also means that you're at every conscious alertness of how the market moves and the patterns which it follows, with making verification of whatever input received before making a conclusion on the market condition.

YOSHIE

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Quote from: Inior on December 15, 2023, 05:10:31 PM

In the crypto markets, charts serve as vital tools for investors to navigate probable outcomes by means of visual representations of price movements, which provides insights into trends and potential entry/exit points.

Not only charts are needed in crypto trading, as you said other important information is also needed to get good results, Of course, insight is also the main thing that must be understood by investors and traders, the goal is profit.

For this year, especially at the end of this year, to be precise in December, I am a little tired of trading crypto, for various reasons, one of which may be an unstable market, charts and analysis make me stressed, the current crypto market situation is chaotic, I hope the crypto market recovers soon and can show the best for all of us.

I am a little worried about the current market situation, information, predictions and speculation do not show good signs, for that I prefer to take a moment and observe what happens in the future, including Bitcoin price movements which have not recovered.

stomachgrowls

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Quote from: Inior on December 15, 2023, 05:10:31 PM

In the crypto markets, charts serve as vital tools for investors to navigate probable outcomes by means of visual representations of price movements, which provides insights into trends and potential entry/exit points.
However, effective follow-up is the main key to successful.
Monitoring chart patterns alone is insufficient; timely follow-up ensures informed decision making.
So as investors/Traders that we are, we have to stay informed of market news, shifts, and global events influencing cryptocurrencies. The synergy between charts and proactive follow-up empowers investors to adapt swiftly, maximizing opportunities and mitigating risks In the crypto landscape. So let us delve into this harmonious relationship between technical analysis and vigilant follow-up because this is the cornerstone of a successfully and strategic investment/trading system.

A must thing or i must say that it is really just that typical for someone to have that kind of approach on dealing up on a market on which it is really that too unpredictable or simply being random.
We do know that it isnt something enough when you are really just that focusing too much when it comes to technical analysis. Also if you do make out some trades without trying to make use of
technicals then you would really be just like a blind person on who cant really be able to see everything and making up trading decisions without any basis is really just that simply a gamble.

When it comes to fundamental analysis then it would really be just that normal that you should really backing up with fundamentals on which it would really be strenghten up the possibility of
having a good or winning trade but of course every move would really be not a guaranteed thing but somehow applying these things is much more better
rather than on making a decision or step without any basis.

jeraldskie11

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Now all news can affect the price of Bitcoin, especially today that people were already matured of this kind of stuff. Before, if they heard a bad news related to crypto they all get panic selling their assets which really hurt the price. Now, if we received a couple of bad news related to crypto it won't affect the price, instead of dumping the price, the price continue to go up. People know that most of the news were just a manipulation. We can identify some of the upcoming manipulations in the market in this site: forexfactory. Honestly, TA is really working but if you applied FA in your trade it's best.

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Quote from: Inior on December 15, 2023, 05:10:31 PM

In the crypto markets, charts serve as vital tools for investors to navigate probable outcomes by means of visual representations of price movements, which provides insights into trends and potential entry/exit points.
However, effective follow-up is the main key to successful.
Monitoring chart patterns alone is insufficient; timely follow-up ensures informed decision making.
So as investors/Traders that we are, we have to stay informed of market news, shifts, and global events influencing cryptocurrencies. The synergy between charts and proactive follow-up empowers investors to adapt swiftly, maximizing opportunities and mitigating risks In the crypto landscape. So let us delve into this harmonious relationship between technical analysis and vigilant follow-up because this is the cornerstone of a successfully and strategic investment/trading system.

Monitoring chart pattern has never been effective and no traders/investors cash in their money using just the chart or patterns rather there are other things to be considered before investing like backtesting the data based on the trends and other events surrounding crypto which may have impact on it. Because just by going through chart is like investing in any shit coins as we have observed positive trend for FTT and USTC or LUNC recently but we know these are abandoned project and regardless of chart or pattern they will fail. Better to create a correlation between charts, technical analysis, backtesting of data and news surrounding cyrpo.

ZAINmalik75

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Quote from: Inior on December 15, 2023, 05:10:31 PM

In the crypto markets, charts serve as vital tools for investors to navigate probable outcomes by means of visual representations of price movements, which provides insights into trends and potential entry/exit points.
However, effective follow-up is the main key to successful.
Monitoring chart patterns alone is insufficient; timely follow-up ensures informed decision making.
So as investors/Traders that we are, we have to stay informed of market news, shifts, and global events influencing cryptocurrencies. The synergy between charts and proactive follow-up empowers investors to adapt swiftly, maximizing opportunities and mitigating risks In the crypto landscape. So let us delve into this harmonious relationship between technical analysis and vigilant follow-up because this is the cornerstone of a successfully and strategic investment/trading system.

We should focus on both to understand the sentiments of market, although it is still not possible for us to make 100% correct reduction even if we perform both analysis. Because crypto market does not follow both sometimes and that's why we can't predict the market 100%. Things are not that easy as they look.

Currently we are seeing people making huge profits while we are not and we intend to make profits too by trading and in that sense or hype we forget to know the basic rule of when to trade and when to stop. I have experienced both and made loss too therefore if I have to categorize between both as which should be given first priority is then it will be when to stop or book profit.

Same graphs and knowing fundamental are not fully necessary to make profit but it increases our chances to make more profit and decrease the risk involved.

uneng

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Quote from: Inior on December 15, 2023, 05:10:31 PM

So as investors/Traders that we are, we have to stay informed of market news, shifts, and global events influencing cryptocurrencies.

These are the most important aspects to pay attention to, because they are the real triggers behind market's fluctuations. If you watch only charts, you are aware about the effects, but if you watch news and global events, you are going to be aware about the causes of market's oscillations.

It allows you to predict with more accuracy what the tendencies of crypto market are, which ways it is going to take.

On short run it's hard to predict anything correctly, but on long term we have some good predictions based on news and events. The best example so far is the halving. Having knowledge about this event, gives us the notion a bull run or increasement in prices must happen close to its date, so you prepare yourself for this previously, without a hurry.

Inior

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Thanks boss , you're on point. My favorite aspect of your comment is when you emphasize that charts don't exist in isolation; they mirror investor opinions.
This is a point to note.✒️

Blitzboy

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Charts power our crypto trading techniques, but they're just the start. We must realize that charts arent independent. They reflect investor opinions, decisions, and worldwide events. Our success depends on evaluating these charts carefully and acting quickly.

Bitcoin, for instance. Information on investor mood, regulation, and technology is incorporated into its price chart. We see supply, demand, fear, and greed in Bitcoin's chart, not just lines and patterns. We follow up? Being proactive and anticipating how fresh news will affect these patterns is key. Like detectives, we use chart and world clues to plan our next action. The combination of chart analysis and aggressive follow-up offers us an edge in this volatile crypto market.

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While I also like to look at the charts and try to make my own predictions of the movements based on the charts, I do realize that it isn't really scientific because predicting the future of a volatile market is pretty much impossible. There are some reasonable limits within Bitcoin is likely to stay, but there can also be events like the pandemic, unpredictable in advance, that drastically change the price dynamic.
So whether you do follow-ups or not is rather a matter of individual preference. What can be really helpful as a reality check is to look at price charts and 'cycles' pointed out by others to see how differently the same data can be interpreted. Also, scale can affect perception a lot.

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Quote from: Inior on December 15, 2023, 05:10:31 PM

So as investors/Traders that we are, we have to stay informed of market news, shifts, and global events influencing cryptocurrencies. The synergy between charts and proactive follow-up empowers investors to adapt swiftly, maximizing opportunities and mitigating risks In the crypto landscape. So let us delve into this harmonious relationship between technical analysis and vigilant follow-up because this is the cornerstone of a successfully and strategic investment/trading system.

Tracking news is good, but the problem is knowing the details of this news. Most news sites transmit news for the purpose of obtaining views without verifying its source. Therefore, rumors spread easily in those sources, and you will not find a service that provides you with appropriate news at the appropriate time. Therefore, tracking news from current sources that are available to everyone will cause You will lose sooner or later.
If you have sources that give you exclusive news or accurate analysis, then it will be part of your strategy, which includes technical analysis, tracking liquidity and trading volumes, in addition to average transaction fees.

Inior

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Thanks allot, that's true
Chart monitoring is crucial for informed decisions.

Zanab247

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Do everything possible to follow up the market chart if you want to maintain a good earner in the community, it will help you to get more information about the current price in the market and it will allow you to buy when the price is low and hodl until the price is high through the chart for you to get you profits at the moment. I believe you know that you can still buy BTC now because, the price has fall down to $41k but it will not take a long time before it will rise to $50k before you can sell if you are satisfied with the price.

There are many tactics or system you can use to monitor the market price but the easiest one is through chart and, it will allow you to follow up till you are well convince that time has come to sell your coins you have been hodling for long.

franky1

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chart watching is not technical analysis... its being a 'trend anal'

if your just drawing triangles on a price chart, you are doing it wrong
if you are just speculating based on american political moves, you are doing it wrong

if you are not using these atleast(plus more) then you are not doing technical analysis:
using bitcoin data such as UTXO age,
using deposit value of known CEX addresses
using lower-upper bounds of mining cost world wide

Inior

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In the crypto markets, charts serve as vital tools for investors to navigate probable outcomes by means of visual representations of price movements, which provides insights into trends and potential entry/exit points.
However, effective follow-up is the main key to successful.
Monitoring chart patterns alone is insufficient; timely follow-up ensures informed decision making.
So as investors/Traders that we are, we have to stay informed of market news, shifts, and global events influencing cryptocurrencies. The synergy between charts and proactive follow-up empowers investors to adapt swiftly, maximizing opportunities and mitigating risks In the crypto landscape. So let us delve into this harmonious relationship between technical analysis and vigilant follow-up because this is the cornerstone of a successfully and strategic investment/trading system.

Topic: Relationship between charts and follow up 📊 (Read 166 times)