Bitcoin Forum

Hi everyone, I wanna ask all of traders, actually analysis the chart help you in trading? Or does the transaction depend on other factors as well?
Thank you.

With the ever increasing demand of the crypto currency as well as the bitcoin, many and many coins are coming to this market. Now the market has become very competitive. There are more than fifteen hundred coins that are operating here’s I think that such analysis chart is really helpful to get a gist about the crypto currencies.

Of course it does. I'm blind without chart, how can you not rely on chart or TA? That's just coin-tossing and stupid; a guaranteed loss.

These type of initiatives and analysis are needed given there are more than 1500 coins operating in the market. Picking the best one out among all of these is near impossible and is tough to do so. Plus there are scammers are well. So, :) this will be helpful indeed for the people.

Great information. For this information investor can know the market situation and they can also take the correct decision. Investor can forecast the price when they have enough knowledge about the trade chart.

Chart helps you to know the market situation, It doesn't give you a investment return warrant.

There are the fundamentals traders who prefer to follow news resources that offer actual information and economic growth employment situitions, political threat and interest rates. A chart is a depection of exchange rates that happen between financial instrument that are plotted and illustrated on a graph. Allows you not only to keep track in current trades but helps to detect a developing trend line for future trade.

I always look at the charts, almost every day I pay attention and observe graphs, movements and price reductions are very easy to see through the graph, in addition to using graphics I always look for information via telegram, I listen and read all the information there.

In trading chart is very important, it gives you a good information about the market, if you want to trade you definitely need to pay attention to the chart, you can minimise the risk of losing money, without the chart its the same that you are gambling with your trade, but chart and trading indicators only act as guide, it can't be 100% accurate, there are factors that can make the market change, like whale pumping or fud news

It helped me a lot for analyzing the chart if its about time to buy or sell. But I only do this for the coins that I trade daily but not for coins that I hold for long term.
What transaction? transactions doesn't depend on analysis of the charts, they are not connected and they are different areas in the crypto market.

Of course graphical analysis is necessary and rather important for the trade to read more appropriate market movements for daily gain, there is also fundamental analysis intended to be read in several dimensions not pegged in 1 problem but this analysis is used by someone who wants to invest in the long run, they are very important to learn because you do not want to trade in just a few years, long-term investments are critical to future success.

Analyzing the chart is very important when you are in trading industry It can help you to know when is a good time to make a buy & sell entry, most trader are looking up to the chart making up an technical analyzation in this case I believe that trading need a good skill & luck to make a good profit.

AFAIK, it will not always help you do predict the price. In my opinion FA is better than TA consider about the latest news about blackrock is seeing crypto as an opportunity for them all to get the more market and money.

Predictions and speculations are uncertain so it can help you or it won't if your analysis wasn't so close to what's happening. What's FA? financial analysis? I don't mind what's better with that because sometimes TA does really work for me and it helps me to know if its a good time to buy. I don't usually sell but when I do, I never regret it because I'm more of a long term holder and investor to crypto. Blackrock did helped the market after announcing their interest.

Analyzing trading charts is a must-do, and you have to look at them often, combining the months and years. Looking at the chart can be a more intuitive analysis of market trends and future trends. All important information is in it.
If you look very carefully, you will definitely make a lot of money.

Yes. analysis the chart helps for trading. I think following the chart is more important and more trusted. But for that you have to know how to analysis the chart. It is very important.There are many tutorials and website where you can learn how t analysis it.