Why do you watch crypto chart pattern

Mahanton

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Quote from: Semar Mesem on September 24, 2021, 05:54:19 AM

Quote from: rahmatrf331 on September 20, 2021, 11:19:58 PM

as investors need to understand and monitor chart patterns in every market price movement, an expert in trading of course they can predict bitcoin price movement signals by looking at previous patterns. because some of the chart patterns are influenced by internal and external factors on the part of big investors.

That's right, we must understand all the tools for price analysis, I think the pattern chart is the easiest chart to understand and easy to use and has proven to be more effective than other charts, of course we have to combine it with analysis from other charts so that we can make the right decisions.

When you are experienced enough then you could able to identify on what those candles and patterns been showing off compared into those people who dont know on how to read up charts.
Of course there would really be difference between experienced and a noob.I dont see for this not to be relevant or not useful because this is way more better compared on having
no preparations when making out trading decisions.Even though it isnt that precise that it could make you profitable but at least you are doing something to make those chances higher.

rhodelmabanal

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As a trader and investor I think we need to look at the price to know more about the price cycle from the past year and today's price, so that we can have a preference on what coin is good to buy at the moment it will become more easy if we look on to the price chart from the past and compair it at present we can easily make a balance in our investment plan.

Semar Mesem

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Quote from: rahmatrf331 on September 20, 2021, 11:19:58 PM

as investors need to understand and monitor chart patterns in every market price movement, an expert in trading of course they can predict bitcoin price movement signals by looking at previous patterns. because some of the chart patterns are influenced by internal and external factors on the part of big investors.

That's right, we must understand all the tools for price analysis, I think the pattern chart is the easiest chart to understand and easy to use and has proven to be more effective than other charts, of course we have to combine it with analysis from other charts so that we can make the right decisions.

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For example, I watch the Bitcoin chart pattern because I have made an investment into it. I like to observe the price movements and act according to it. Of course, I don't mean that I'm one of the panic sellers. I have already set a target for myself to sell when I see the price at it. But I still want to watch the chart to have some ideas about what I can see in the next days. But even this doesn't guarantee anything for my investment. Because Bitcoin itself is very volatile and we never know what will happen in even one minute.

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Quote from: Silberman on September 23, 2021, 02:23:09 PM

Quote from: Wawa2013 on September 21, 2021, 12:53:04 AM

Quote from: matchi2011 on September 21, 2021, 12:31:46 AM

Quote from: rahmatrf331 on September 20, 2021, 11:19:58 PM

as investors need to understand and monitor chart patterns in every market price movement, an expert in trading of course they can predict bitcoin price movement signals by looking at previous patterns. because some of the chart patterns are influenced by internal and external factors on the part of big investors.

They can use old data to predict the possibilities where the market will be heading, not accurately though since there are still
lots of influence that may change the direction, but for most traders who have good experienced they can use those charts
to set their expectations.

Better than taking your position and leaning with luck, it's difficult to work without real understanding of the market
flows.

Investing in crypto is not gambling, so we get profit without relying on luck. Therefore it is necessary to study crypto chart patterns, so we can
compare current crypto chart patterns with the past. We can analyze the results of the comparison, from there we can predict which direction
the coins will move. There's no guarantee that it's 100% accurate, but it's better than relying on instinct or luck.

Correct, some people think it is gambling because many traders use a probabilistic approach and they only enter trades once they have a certain amount of chances of winning the trade, to many people this sounds like gambling but in fact what they are doing is to wait for the market to present formations from which they know there is a high probability the markets go in one direction and then they make their trades with those considerations in mind, so it is not really luck they are just playing it safe.

Not actually playing safe but rather playing it wisely and having that analysis because it is just better if you do have some basis on watching out patterns and making up decisions rather than on making one

without any basis because you are just simply playing gambling at all.Trading is something needing for you to have some in depth analysis and make out decisions basing up on what you do have observed

and this is why crypto chart pattern might really be non sense for some but this is actually relevant most of the time because if you dont do such thing then you would really be having a hard time on this market.

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Quote from: Wawa2013 on September 21, 2021, 12:53:04 AM

Quote from: matchi2011 on September 21, 2021, 12:31:46 AM

Quote from: rahmatrf331 on September 20, 2021, 11:19:58 PM

as investors need to understand and monitor chart patterns in every market price movement, an expert in trading of course they can predict bitcoin price movement signals by looking at previous patterns. because some of the chart patterns are influenced by internal and external factors on the part of big investors.

They can use old data to predict the possibilities where the market will be heading, not accurately though since there are still
lots of influence that may change the direction, but for most traders who have good experienced they can use those charts
to set their expectations.

Better than taking your position and leaning with luck, it's difficult to work without real understanding of the market
flows.

Investing in crypto is not gambling, so we get profit without relying on luck. Therefore it is necessary to study crypto chart patterns, so we can
compare current crypto chart patterns with the past. We can analyze the results of the comparison, from there we can predict which direction
the coins will move. There's no guarantee that it's 100% accurate, but it's better than relying on instinct or luck.

Correct, some people think it is gambling because many traders use a probabilistic approach and they only enter trades once they have a certain amount of chances of winning the trade, to many people this sounds like gambling but in fact what they are doing is to wait for the market to present formations from which they know there is a high probability the markets go in one direction and then they make their trades with those considerations in mind, so it is not really luck they are just playing it safe.

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Trend lines or typical price directions that cryptocurrencies are aiming for can help investors when they want to invest with these crypto assets, market prices are very volatile so observing a price movement chart may reveal highs and lows that form a linear pattern, price history tends to repeat itself so that it makes traders will react the same way when experiencing the same sentiment or trend.

el kaka22

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I do not, however I do have a lot of friends that does it. I actually do check chart patterns as well but I do nothing about them, that is why I said I do not, because usually the question entails why you check it and do something about it and trade accordingly, not just watch it and do nothing about it.

The reason why my friends read charts and trade is the fact that they are day traders and every small movement matters to them, even 100 dollar increase in bitcoin could mean a thousand dollars profit for them, which makes sense if you ask me, longer it takes the less charts matter. I do not because I hate day trading, requires way too much effort and time and mental capacity none of which I posses.

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As a trader being equipped with knowledge and familiarity with crypto chart patterns allows you to recognize the chart's movements and directions thus enabling you to make more informed decisions about your business. By recognizing the patterns on different charts you will be able to make more accurate estimates as well as predict the market if you are aware that the market is bullish or bearish you can reduce the risk and increase the potential profit.

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Quote from: ethereumhunter on September 21, 2021, 01:24:37 AM

Quote from: rahmatrf331 on September 20, 2021, 11:19:58 PM

as investors need to understand and monitor chart patterns in every market price movement, an expert in trading of course they can predict bitcoin price movement signals by looking at previous patterns. because some of the chart patterns are influenced by internal and external factors on the part of big investors.

Some investors do not need to watch the chart pattern too often because they invest in the coin for a long time and can handle their emotions if the price is down. Those investors can calm down and rebuy more amount when they see the price is down and hold it with the other amount until their target time or price reaches in the future. But if you are a trader, especially a daily trader, you should watch the chart pattern to predict where the price will move and place your order.

Yes, indeed and we are talking different kind of trading strategy here, the long term and short term investment. It's normal for a daily trader to look at the market too often to predict what's the market next movement so they can place their next order. By looking at the previous data and comparing it to the present that's how they would predict most of the price. But for long term investors, a small dip like this won't bother them since they could either buy more or hodl it depends on their choices.

They never bother to look the chart too often since the news will reveal most of what's happening in the market.

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Quote from: rahmatrf331 on September 20, 2021, 11:19:58 PM

as investors need to understand and monitor chart patterns in every market price movement, an expert in trading of course they can predict bitcoin price movement signals by looking at previous patterns. because some of the chart patterns are influenced by internal and external factors on the part of big investors.

Some investors do not need to watch the chart pattern too often because they invest in the coin for a long time and can handle their emotions if the price is down. Those investors can calm down and rebuy more amount when they see the price is down and hold it with the other amount until their target time or price reaches in the future. But if you are a trader, especially a daily trader, you should watch the chart pattern to predict where the price will move and place your order.

Wawa2013

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Quote from: matchi2011 on September 21, 2021, 12:31:46 AM

Quote from: rahmatrf331 on September 20, 2021, 11:19:58 PM

as investors need to understand and monitor chart patterns in every market price movement, an expert in trading of course they can predict bitcoin price movement signals by looking at previous patterns. because some of the chart patterns are influenced by internal and external factors on the part of big investors.

They can use old data to predict the possibilities where the market will be heading, not accurately though since there are still
lots of influence that may change the direction, but for most traders who have good experienced they can use those charts
to set their expectations.

Better than taking your position and leaning with luck, it's difficult to work without real understanding of the market
flows.

Investing in crypto is not gambling, so we get profit without relying on luck. Therefore it is necessary to study crypto chart patterns, so we can
compare current crypto chart patterns with the past. We can analyze the results of the comparison, from there we can predict which direction
the coins will move. There's no guarantee that it's 100% accurate, but it's better than relying on instinct or luck.

matchi2011

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Quote from: rahmatrf331 on September 20, 2021, 11:19:58 PM

as investors need to understand and monitor chart patterns in every market price movement, an expert in trading of course they can predict bitcoin price movement signals by looking at previous patterns. because some of the chart patterns are influenced by internal and external factors on the part of big investors.

They can use old data to predict the possibilities where the market will be heading, not accurately though since there are still
lots of influence that may change the direction, but for most traders who have good experienced they can use those charts
to set their expectations.

Better than taking your position and leaning with luck, it's difficult to work without real understanding of the market
flows.

rahmatrf331

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as investors need to understand and monitor chart patterns in every market price movement, an expert in trading of course they can predict bitcoin price movement signals by looking at previous patterns. because some of the chart patterns are influenced by internal and external factors on the part of big investors.

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Quote from: Silberman on September 20, 2021, 01:26:50 PM

Quote from: GreatArkansas on September 19, 2021, 06:41:30 PM

There are different people in crypto, traders, investors, or even non-crypto people, they are still watching or observing cryptocurrency markets.

So if you are a trader, probably you are spending a lot of time in chart, identifying different patterns of indicators that may help you to enter a good trade.
So, if you are just a normal cryptocurrency investor, it is suggested not to check the chart from time to time, especially if you are long-term investor, it will just make you stress.

I am going to agree with this, different people have different needs, a trader is going to need not only to watch the charts all the time every single day but they also need to be very proficient on their ability to read them, however someone that is an investor doesn't really need something like this and they can get away with just watching the charts once every week just to know how their investment is going on and they do not really need a lot of skills to read what the market is going to do in the short term because they don't need to.

There are really people who do really mind on watching charts most of the time and there are people who doesnt and this is actually depending on what type of trader or investor you are because not all woould really be just the same which it would really vary and differs.

And also watching out chart patterns is much more better rather than having no basis at all in regards into your trading decisions.TA's might not be precise but it is much prefer rather than doing nothing at all.

Its up on someone to take whether they do like to watch for some patterns all the time or would really be on situational.

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I do not check the patterns or TA or anything to make my investment because I am a long term investor. It could be 44k, it could be 40k, it could be even lower and I would still keep on buying and hoping that it will go up. If you give up on crypto than crypto will give up on you.

The only way to make a profit on crypto is to believe that you are going to make a good profit, and it will go up. If you start thinking that you will not make a profit and the price is crashing and you should get out etc etc. then you are going to be feeling that loss in the long run. I have to say if you insist on making a profit here, then you must think it will go up in the long run.

Silberman

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Quote from: GreatArkansas on September 19, 2021, 06:41:30 PM

There are different people in crypto, traders, investors, or even non-crypto people, they are still watching or observing cryptocurrency markets.

So if you are a trader, probably you are spending a lot of time in chart, identifying different patterns of indicators that may help you to enter a good trade.
So, if you are just a normal cryptocurrency investor, it is suggested not to check the chart from time to time, especially if you are long-term investor, it will just make you stress.

I am going to agree with this, different people have different needs, a trader is going to need not only to watch the charts all the time every single day but they also need to be very proficient on their ability to read them, however someone that is an investor doesn't really need something like this and they can get away with just watching the charts once every week just to know how their investment is going on and they do not really need a lot of skills to read what the market is going to do in the short term because they don't need to.

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Quote from: Gosgosking on September 05, 2021, 08:52:53 AM

Interestingly, these patterns appear to be technical patterns such as pennants and flags, which indicate a high likelihood of important moves ahead once cryptos break out from them.

What is your point? Have you ever spotted any non-technical pattern in bitcoin markets? Bitcoin market is nothing short of any other markets like forex or stocks; bitcoin market is having similar massive volumes in major exchanges hence when a market is having good volume then it will definitely obey all the technicals of trading.

Quote from: Gosgosking on September 05, 2021, 08:52:53 AM

A convincing break to the upside increases the chances of a re-test of the prior highs in April, while a bearish breakdown would increase the chances of a re-test of the $30,000 support level.

Yeah, this is how bitcoin market is being trading since I started watching it from 2013. Do your technical analysis have anything new to surprise this community? I mean that we are all expecting about reaching $100k before end of this year and there could be less possibilities for going back to break $28k again but if your chart patterns get anything new to support these or to oppose, then we are all glad to have them.

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Quote from: XCANA on September 17, 2021, 09:05:45 AM

Taking a close look at the crypto currency chart pattern will give one an idea of where next will be the movement of the market so that you will the trading decision to take. S advisable for one to do so since that is the only to make an informed trading decision. History of the chart 📈📉 do repeat it self most time in the crypto currency market and that is why people do watch past and present chart pattern before taking a decision.

That is exactly what I do consistently everyday, I installed 2 moving averages on my chart just to indicate the trend of the market while waiting for the appropriate chart pattern to form after a price pullback in the opposite of the overall trend, I will wait for an opportunity to enter long or short, the importance of chart patterns analysis cannot be overemphasize for any successful trader, once a trader is used to it, the patterns historically repeat itself over and over, its up to every crypto traders or hodlers to take time and practice charting patterns knowing it will aid or guide them towards making profits consistently.

GreatArkansas

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There are different people in crypto, traders, investors, or even non-crypto people, they are still watching or observing cryptocurrency markets.

So if you are a trader, probably you are spending a lot of time in chart, identifying different patterns of indicators that may help you to enter a good trade.
So, if you are just a normal cryptocurrency investor, it is suggested not to check the chart from time to time, especially if you are long-term investor, it will just make you stress.

Vaculin

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I don't just watch the crypto patter but also the price, in fact, I'd often check it every day just to know where we are now. For me, it was very important to be aware of the situation, many got mess as they never check on it and usually missing the chance either to buy or sell. Some saying that looking at the chart makes them get worried especially when it dumps, I don't think that was an excuse because you could still feel that even you never do it.

if you are in crypto, you definitely have to do this otherwise.

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Quote from: ice18 on September 19, 2021, 11:39:47 AM

Chart patterns is really a huge help to most traders on decision making, without this tool its pretty hard to just predict price movements. When I started my journey on trading, I suffered mostly losing money instead of earning because of lack of knowledge in charts, its your weapon to achieve success when it comes to trading no doubt its really useful.

Charting is important to atleast have a basis on how much the price can get low or high,trading is already hard and it can be worsen when we don't have a guide to look at. I already lose before since I just buy whenever I thin the price is low and sell when its high where in face I might get more profit if I do know how to do chart and analyze them. Ecery trader even anyone in crypto investing should know how to do and read charts for reference.

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Charts that have a definitive pattern like bitcoin's and ethereum's help me weigh my decision for when I am to invest and when I am to pull my investments out to save losses. Really that's the primary thing most investors here do with chart patterns for big coins like the one I mentioned above. Otherwise why would you look at a timeline chart of a coin with no real usability or price movement?

Quote from: ILuckyGuyI on September 17, 2021, 03:44:23 PM

We observe the chart pattern of a cryptocurrency that we are thinking of making an investment into it or already invested into it. But this doesn't help us do the right things all the time of course. Because we must be aware that we are dealing with highly volatile currencies. Charts can mislead people a lot like they did a few days ago when the market fell a lot.

Well that too and thank you for putting this into light. Keep in mind that you don't have to use these chart patterns as a gold standard because as valuable as their information may be, these are all just predictions that could go south if things went awry. So do your own research, but make sure that you do your own judgment as well. A lot of people often forget the latter, which costs them hundreds, if not thousands of dollars in losses.

ice18

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Chart patterns is really a huge help to most traders on decision making, without this tool its pretty hard to just predict price movements. When I started my journey on trading, I suffered mostly losing money instead of earning because of lack of knowledge in charts, its your weapon to achieve success when it comes to trading no doubt its really useful.

ILuckyGuyI

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We observe the chart pattern of a cryptocurrency that we are thinking of making an investment into it or already invested into it. But this doesn't help us do the right things all the time of course. Because we must be aware that we are dealing with highly volatile currencies. Charts can mislead people a lot like they did a few days ago when the market fell a lot.

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Quote from: Silberman on September 17, 2021, 03:21:18 PM

Quote from: Gosgosking on September 05, 2021, 08:52:53 AM

After their spring plunge and summer rebound, cryptocurrencies like Bitcoin and Ethereum have been in a holding pattern for the past few weeks as investors try to decipher their next big move. Interestingly, these patterns appear to be technical patterns such as pennants and flags, which indicate a high likelihood of important moves ahead once cryptos break out from them.

After reaching a high of roughly $65,000 in April, Bitcoin then tested its $30,000 support level, and has since rebounded to just under $50,000. Bitcoin has been forming a pennant pattern in recent weeks, which indicates that another important move will occur once the cryptocurrency breaks out one way or another. A convincing break to the upside increases the chances of a re-test of the prior highs in April, while a bearish breakdown would increase the chances of a re-test of the $30,000 support level.

https://www.forbes.com/sites/jessecolombo/2021/08/31/why-you-should-watch-these-crypto-chart-patterns/?sh=2b47978de5c5

We all know what is coming, the price is about to go up very rapidly at the end of the year, now I would not be surprised if before that we saw an important decrease as the whales try one more time to get weak hands to sell their coins, and to make the price to go down significantly when everyone is expecting it to go up is the perfect way to achieve this, but once that is out of the way the price of bitcoin will grow at an amazing speed and at that time the only thing we need to do is to relax and enjoy the ride and see where the limits of this bull run really are.

You should really be thinking about this probabilities from time to time when it comes to involvement of whales.Of course there would be some shake off that would be happening because there would be always

whales that would really be taking those shake off on the time that they are seeing that the market tends to be shake off for them to enter on more cheaper price before a reversal would happen.

People do really love to watch out patterns and it is somewhat relevant compared on making out decisions without any basis.

adaseb

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It seems that bitcoin is becoming correlated again with the stock indicies. You can clearly see whenever the stock market has a sell-off so does bitcoin. So you need to consider this. Generally in the stock market, Sept is usually a bearish or sideways month. So bitcoin is generally trading neutral in September. If you look at all the years since bitcoins creation you will see that Sept is not a "very bullish" month, its mostly a doji or small candlestick.

The months which are important are going to be Oct-Nov. Usually that is when Bitcoin has a great month. And there is speculation that during the Summer, alot of companies put bitcoin on their balance shit and these earnings will be coming out at around the same time. So if BTC is to make a new ATH, it will most likely either be in those months. If it doesn't then most likely it'll trade sideways for the next 6 months or so.

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Quote from: Gosgosking on September 05, 2021, 08:52:53 AM

After their spring plunge and summer rebound, cryptocurrencies like Bitcoin and Ethereum have been in a holding pattern for the past few weeks as investors try to decipher their next big move. Interestingly, these patterns appear to be technical patterns such as pennants and flags, which indicate a high likelihood of important moves ahead once cryptos break out from them.

After reaching a high of roughly $65,000 in April, Bitcoin then tested its $30,000 support level, and has since rebounded to just under $50,000. Bitcoin has been forming a pennant pattern in recent weeks, which indicates that another important move will occur once the cryptocurrency breaks out one way or another. A convincing break to the upside increases the chances of a re-test of the prior highs in April, while a bearish breakdown would increase the chances of a re-test of the $30,000 support level.

https://www.forbes.com/sites/jessecolombo/2021/08/31/why-you-should-watch-these-crypto-chart-patterns/?sh=2b47978de5c5

We all know what is coming, the price is about to go up very rapidly at the end of the year, now I would not be surprised if before that we saw an important decrease as the whales try one more time to get weak hands to sell their coins, and to make the price to go down significantly when everyone is expecting it to go up is the perfect way to achieve this, but once that is out of the way the price of bitcoin will grow at an amazing speed and at that time the only thing we need to do is to relax and enjoy the ride and see where the limits of this bull run really are.

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Quote from: Rajamuda on September 17, 2021, 10:02:16 AM

And with paying more attention to crypto chart patterns.. we will feel closer to crypto every day and can conclude/consider various issues circulating due to differences in predictions, which sometimes are not certain the truth. In addition, it can help us in choosing the right coins to pick.

I do not give a damn about these charts, all you can do is comparing and come up with your own prediction as it does not mean anything. The market is not moving along with the charts as you claim. If everyone is able to predict the market by using the charts then no one would be having any losses when there is a correction and there would be experts predicting every move. If you can find one who could predict the market with charts i would accept these are facts Tongue

.

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Quote from: Kittygalore on September 17, 2021, 08:44:28 AM

To see if the movement can be compared to the movement from the past and to see if there's a consistent similarity between the two or if not similarities, probably the differences. I think that's the only reason for me to watch the crypto patterns.

And with paying more attention to crypto chart patterns.. we will feel closer to crypto every day and can conclude/consider various issues circulating due to differences in predictions, which sometimes are not certain the truth. In addition, it can help us in choosing the right coins to pick.

XCANA

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Taking a close look at the crypto currency chart pattern will give one an idea of where next will be the movement of the market so that you will the trading decision to take. S advisable for one to do so since that is the only to make an informed trading decision. History of the chart 📈📉 do repeat it self most time in the crypto currency market and that is why people do watch past and present chart pattern before taking a decision.

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To see if the movement can be compared to the movement from the past and to see if there's a consistent similarity between the two or if not similarities, probably the differences. I think that's the only reason for me to watch the crypto patterns.

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I do not often watch crypto chart patterns, but if I do that, I want to know where the pattern will go so I can make many strategies for anything that can happen later. Watching the pattern is part of the analysis and I think most traders do that to see where the price will go. But they will have their own analysis because we watch the pattern and have a different perception of what will happen to bitcoin or altcoin in the next hours. Watching the pattern is like predicting the situation on the market but there are other things that you should do to know or predict the price moves.

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Quote from: palle11 on September 16, 2021, 12:37:15 PM

I don't know of a trader that doesn't make the use of chart. It is more important than some indicators, and some traders consider it as a powerful indicator which I think it is too. Charts are simply the technical ways to know and monitor price action and movement, a fundamental analysis trader also will follow charts to speculate the next price level. For a day trader, using the chart is helpful more than a scalper. Using a longer time for chart analysis is result oriented.

Or trader could call it a friend, so obviously, we watch chart patterns because we wanted to predict what and where will be the next price movement. So it has an advantage, nevertheless, TA is not exact, it has flaw as well. And that's why we love it, its a big challenge for us to find the pattern and definitely will leverage our trades base on how we read and hopefully we are right in validating the patterns, thus making profits for trader.

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It's simple, to try and predict what's going to come next because no matter how much we deny that there's no pattern, there's a certain movement that the market always follows.

palle11

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I don't know of a trader that doesn't make the use of chart. It is more important than some indicators, and some traders consider it as a powerful indicator which I think it is too. Charts are simply the technical ways to know and monitor price action and movement, a fundamental analysis trader also will follow charts to speculate the next price level. For a day trader, using the chart is helpful more than a scalper. Using a longer time for chart analysis is result oriented.

Husires

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When we study Stock-to-Flow Model for previous years we find some suspicious points have already happened:

The most prominent technical step occurred for the Bitcoin price was by the end of 2020, with old ATH broken at $ 13,000 (psychological summit for the previous cycle)
The previous cycle ended and a new cycle has not been tested any price lower than 20k old ATH
There was a rebound in the middle of the cycle at -60% to -20%, which was already happen when the price dropped from 64k to 29k.

if things happened as in the past, we are ready to break the level of $ 100,000 before the end of December to end this cycle by the end of correction of -60% to -80%

https://www.tradingview.com/chart/BTCUSD/ZORFqD06-Bitcoin-4y-halving-cycles-and-the-S2F-model/

Woodie

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Whatever happens on the chart turns out to be historical data which can be used in the future for so many purposes, for example

charts can be used to predict the move of the market, that Is whether to anticipate a bullish or bearish market
charts give us a picture of what's really happeningin the market such as manipulation detection.
charts allow us to apply price action strategies and allow us to pick the best points to set our take profit targets

JohnBitCo

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Quote from: irsada on September 05, 2021, 10:29:11 AM

Because from this pattern we can analyze what will happen, although sometimes the guesses we make are wrong but indirectly the pattern can help many people to make decisions.

Charts pattern helps in trading. When i started trading, i used only fundamental analysis which sometimes does not work well.
If you are a day trader or even a swing trader, charts pattern will assist you find the entry and exit points. Also not that no one can become perfect even after having all the charts knowledge. The more experience you have, the better you can read the patterns.

Fundamentals Of

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Chart patterns are supposed to guide us on what may happen next. It is just a guide on our speculation or prediction. Of course it may or may not happen but it is there to somehow make prediction and speculation easily and provides basis for it.

But the thing is one could come up with so many patterns in a chart. You zoom the chart in and out and you could also make so many patterns out of it every time. At the end of the day, all the possibilities are still open.

STT

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To find significance is hopefully the answer, we cant know for sure the direction but at times its best to have a bias. Right now BTC could be breaking above what was the spring range, being higher then this fully restores us back to near ATH so that is where I expect more interest and excitement to occur probably the price action would become more rapid.
Imagine like the tempo to cooking popcorn in a tin pan, if you know the process and likely time scale to how it proceeds you will benefit over being surprised all of a sudden; its far easier to trade if understanding we just broke past resistance so thats all I hope for in being better aware of market tempo.

Hippocrypto

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Quote from: Yamifoud on September 05, 2021, 05:34:54 PM

The basis of our analysis comes from what has been shown in the past but never think it all be the same as the volatility of the market haven't changed yet. All the things that have to come still at 50/50, we all just be guessing but with the help of the chart, we have some insights into what might happen but still, we have no assurance. Even if was that the case, this remain helpful to the traders.

We should be careful on every analysis made, because it's only our basis on times of uncertainty. Volatility always made it so hard when sudden drop that caused panic, eventually some coins will tend to have downfalls with an unexpected situation.
To help you cope up with worries, don't monitor too much the real time market movements. Just stick at your projections in order to sustain.

Yamifoud

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The basis of our analysis comes from what has been shown in the past but never think it all be the same as the volatility of the market haven't changed yet. All the things that have to come still at 50/50, we all just be guessing but with the help of the chart, we have some insights into what might happen but still, we have no assurance. Even if was that the case, this remain helpful to the traders.

OgNasty

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There’s really only one chart you should be using to value Bitcoin. Historically speaking, nothing else has come close to predicting Bitcoin’s price movements. If you’re trading based on anything else, you’re probably just gambling on short term volatility and hoping to get lucky.

https://www.lookintobitcoin.com/charts/stock-to-flow-model/

Scripture

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How can you trade properly if you are not watching the chart pattern and making such analysis will make you more productive so don’t skip this one. Personally, I don’t watch it everyday because I just have to know my entry and exit price, after that I just monitor the price alone and wait for the right timing.

carlfebz2

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Quote from: MFahad on September 05, 2021, 10:28:31 AM

If you are a trader then you will watch the bitcoin chart patterns and trade accordingly.
However if you are not a trader, i don't think trading charts would be of any value to you ?

Wont really be having any value since you dont know on how to read it up on the first place. Cheesy

. Of course as a trader then seeing or checking charts would be your main routine because this is where you do plot your

analysis and this is where your knowledge and skills would vary even though TA's arent that effective most of the time but this is much better rather than on making out some actions without any basis.

Patterns and possible actions would be made and this is where people do differ in terms of knowledge because they do know on what to do and not just following because of some hunch and pure no basis speculation.

Wakate

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Chart pattern is one of the important parts when it comes to Technical analysis. Chart pattern especially when it comes to cryptocurrency is a good tool that is used to analyze the market to get optimum information about the next move of price. Pattern are many which requires good study of them for quick interpretation of market structure and trend analysis.

Chart patterns are important to virsualise Bitcoin trend whether the current one or the future trend. There are patterns that when seen I the market illustrate a possible reversal signal which the probability is not always 100% but with high possibility of going the direction of the sign.

Twinscoin2017

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Trader always look at the pattern to make a proper plan and to monitor or compair the cycle of the price based on the past and present movement. Looking at the pattern can also give us a clue to our investment specially in some other altcoins, in short pattern can help us on searching about price history and at the same time by looking at the patterns it can help us also decide or point out the good coin to invest or trade.

Dhaniii

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https://i.imgur.com/hgxNNiA.png

As an investor, of course, you have to understand chart patterns, without crypto chart patterns it's like a blind person walking on the street. many investors are misguided and experience high risk due to not understanding crypto chart patterns and difficult to predict market prices. chart patterns are not as long as correct but we can reduce the risk that will occur in the future.

livingfree

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The pattern that seems to happen right now hasn't been seen. It's been several months already since the bull run has started and this may not like to end at the end of the year.

It might continue until the end of next year.

The interesting part is that after the expected plunge that has to be the sign of a bear market, it was overcome easily and as we see, it's $50k again.

irsada

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Because from this pattern we can analyze what will happen, although sometimes the guesses we make are wrong but indirectly the pattern can help many people to make decisions.

MFahad

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If you are a trader then you will watch the bitcoin chart patterns and trade accordingly.
However if you are not a trader, i don't think trading charts would be of any value to you ?

hugeblack

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If we look historically, the pattern is repeated by reaching a top at the end of the four-cycle cycle, after which the price drops to what is closer to the top of the previous cycle, and then the big bubble rises, which lasts for several months. Therefore, the possibility of returning again to 20,000 levels does not seem likely, following this hypothesis.

The levels we have from the price of 40k all the way to 100k dollars in a short period.

Gosgosking

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After their spring plunge and summer rebound, cryptocurrencies like Bitcoin and Ethereum have been in a holding pattern for the past few weeks as investors try to decipher their next big move. Interestingly, these patterns appear to be technical patterns such as pennants and flags, which indicate a high likelihood of important moves ahead once cryptos break out from them.

After reaching a high of roughly $65,000 in April, Bitcoin then tested its $30,000 support level, and has since rebounded to just under $50,000. Bitcoin has been forming a pennant pattern in recent weeks, which indicates that another important move will occur once the cryptocurrency breaks out one way or another. A convincing break to the upside increases the chances of a re-test of the prior highs in April, while a bearish breakdown would increase the chances of a re-test of the $30,000 support level.

https://www.forbes.com/sites/jessecolombo/2021/08/31/why-you-should-watch-these-crypto-chart-patterns/?sh=2b47978de5c5

Topic: Why do you watch crypto chart pattern (Read 451 times)