Bitcoin Forum

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.

believe it but not completely. because there are still many ways to find out the price of a coin. for example by knowing news throughout the country. and read the volume of the coin. in my opinion.

I don’t really trust chart analysis for anything.  It gives you something to think about, but I would not rely on it.

I’ve been watching CNBC for decades and their chart guys are wrong as much as they are right.  In other words, random guess would work as well ... and that is for stocks, where they don’t move nearly as much as crypto. 

I agree with you that crypto seems be driven almost entirely by news, and for the most part moves in unison.  The top 50 or so appear to be highly correlated more often than not.

I believe more than anything that demand and supply run a market in the long run. What happens in the short term is up to people trying (and some being successful) to game the market. In reality, it is quite hard to read the market correctly and only very experienced day traders would be able to do it successfully. Chart analysts follow patterns mostly and try to make sense out of what seems to me to be following the weak-form market hypothesis (https://www.investopedia.com/exam-guide/cfa-level-1/securities-markets/weak-semistrong-strong-emh-efficient-market-hypothesis.asp). Because Bitcoin is much public, it usually reflects all market information except in a few exceptions (see Coinbase in the Bitcoin Cash fiasco). When all the information is present, chart analysts are able to identify patterns with more accuracy, but in the end it all still comes down to just having a best guess. No one can predict the future value of anything with complete confidence.

There is a saying - trust no one )
But anyway and always, you need to use charts, news, rumors, inner voice and common sense.

Data is nice, but it would do well for everyone to note that past performance is not indicative of future results.

The crypto market is speculative, and while some people's predictions could be on point every now and then, it's better to attribute it to luck than anything else. Some speculations are more educated than the others for sure, but in the end, everyone is still just speculating. Never go all-in on the basis of chart analysis.


Yep, emphasis on news! Short of an actual working crystal ball, no one can predict what happens in the future, no matter how well decorated they are. It must be noted, however that news isn't truly a deciding factor -- it simply affects demand, which in turn affects prices.

I don't fully trust TA, the crypto market is easily swayed by whales and news. But is can still be used as reference if used to a more established cryptocurrencies like eth an btc as they have the least susceptibility to pump and dumps.

Who said this chart analyst. First you should think your own chart is a past reference and graph is a present reference but only supply and demand is the exact analyse of Bitcoin price. It is one part of the analysis and something new technology is launching that time Bitcoin server is busy so price fluctuation is happen in the market for example last year December 28 Segwit2X is launched in Crypto market that time Bitcoin value is sudden drop in the market. So we don't analyse the future only you should trust this coin it will make good profit. But news channels are creating curiosity of the cryptocurrency because it is not explained in complete news so many peoples are eagerly waiting for proper news this is not affecting the Bitcoin value. Because most of investors are well known in Cryptocurrency.

I guess it depends on who is doing it and how well they know there stuff. Lots of people out there that have no idea and people blindly follow them. Prices repeat themselves so do patterns and because there is so many traders that believe in it, it becomes a self for filly prophecy . You only need to look at Fibonacci levels and look at how many times a trend reacts at the 61.8% price. Whether you believe in it or not, you have to acknowledge it does get it right at least 50% of the time. If you then use good money management practices, you can make money off that.

So you do not trust the hard data in front of you, but you trust the people behind every news? How do we know that the news released are not FUD or hype?

The chart can be interpreted in many ways, but all of them will likely agree that Bitcoin is either bullish or bearish because price data cannot be faked.

if not with charts, with what do you convince your analysis? I do not fully believe in charts, so I always see also the demand and market conditions.

and traders also always use charts to analyze and then go to market to convince the analysis.

Charts are not for trust, charts are for analysis and individual conclusions.
Charts do not affect market, but simply reflect past trends and behavior.
In fact, charts tell absolutely nothing about the future. :)

When trading I analyze charts myself and normally not trust charts from other people.

Yes I do agree with your words supply and demand decide the price of crypto currencies. Even I do not fully rely on chart analysis. It gives ideas but It's not guaranteed market will move accordingly. News also plays a major role in the crypto market sometime news gives the direction to the market. This market doesn't works like forex market.

Charts will not give you accurate informations but will give an idea on how they interpret such data and will take you to their view of points onto something it will depend on you if you are going to believe and trust it. However the creator of chart had an above educational background, that chart would be more effective.

I don’t think TA really works for crypto, the price of btc is driven by supply vs demand.
If lost of people cash out/take profit then the price will go down, if lost of people buy/HODL then the price will up.

The first and second points are correct but the third one NEWS? really? some of them is like poison in the community, they keep on spreading false information and chart analysis when it comes to bitcoin, not all of them did the same thing only the bias and one-sided news articles and channels spread the FUD in the community, you can check most of the news online saying that bitcoin bubble just burst to sell it before its too late or the non stop FUD that bitcoin is dead, how many times did bitcoin died from them?

Yes. You really need to know, believe and understand the chart or graph so that you will have ideas on when is the best time to buy or sell. It shows the historical flows and the average of prices throughout the months and it will really give you information. So, it is better to learn on how to read the graph specially the candle stick. News, can also be helpful to us but you should check if it is reliable because you might ended up in wrong decisions.

I would say I trust these charts a bit like the meteo   :P Charts are great to see the trend but we can't give 100% of our faith on it.

I trust these a bit, but I try to make a summary of some charts to see what is the general trendline. Everyone has is own opinion and cannot be fully objective, especially when the chart targets a small altcoin, that's why we must do our own research and opinion. Checking charts from some people and not only one can be a part of this research  :)

That can be valuable with yourself too, don't only trust yourself, as sometimes our own vision is blinded by what we want to see.

There are some truths in chart analysis although of course it is not 100% accurate. It cannot be that accurate. We have to admit that Bitcoin and altcoins' prices are unpredictable in general. There may be some accuracy but it does not happen all the time and it is only to a certain extent. The supply of crypto does not move anymore. They are fixed. The prices are basically based on the demand. News, updates, and other very important announcements also play a very vital role in the prices of cryptos. But it can also be seen on the charts somehow.

I do not trust fully because charts will not give the accurate information....but,I do check to get the idea.

Historical data has almost no bearing on what will happen in Bitcoin in the future. Some people look at the price history and trends of last year and believe religiously that it will happen again. That is total BS, and you should simply ignore that advice.

No time period in a year is exactly the same as the previous year. There are several events that contributed to that specific scenario and that price performance. Chart analysis is a helpful tool but it is not a exact science to predict the future.

I don't think it's about trusting news more than data, it's about news being a huge factor, which most data charts cannot predict. For example, Bitcoin was bullish right before news went out that China suddenly banned ICOs and exchanges, after which it plummeted. No chart analysis prediction could have predicted that. I understand the sentiment towards news outlets being untrustworthy though.


This is true, but it can also reverse any time given the volatile market and fickle demand. Chart analysts can only correct themselves after the fact.

Bitcoin analyst can't be precise but will be useful in making decision with what to do with your coins. Of course, you should consider a percent for error, but this analyst are experts in terms of their job. I believe they can be reliable.

We can say that charts are accurate but not 100%, We all know how volatile bitcoin and alts is. But it was best to learn charts too :) With reading charts, good information in news you can have a good trade :)

You can trust whatever you want to trust, there are people who are trusting the chart analyst and there are people who are trusting on demand and supply like you.. but if you think deeper, you can trust them both, I don't see any reasons to choose choose the other and disregard the other one, because those things are very important factors when you are investing in cryptos. Let's just open our minds to the things that help us in this industry. Just learn more useful things.

   If they are not accurate that means that creator of that charts wants
to mislead you.
   Most charts are being made by programs that monitor certain data`s
and they make charts by using that data`s.
    Charts that show price movement in past are accurate. I believe in
this charts. The ones that are statistics that show people opinions, and
future is the one that can be false.
   I do not use charts as primary tool for making my decisions. I believe
more in team, their ideas, road map, then community that follows that,
and in the end I like to see charts and what charts showing.

I do trust them, chart analysis is important, all traders are using the chart to study the flow for every crypto they want to invest, you can monitor when is the right time to do buy and sell and this really helpful.

I do trust price chart analysis all the time, but I would not say that it is liable all the time, and indeed the price is always depends on the news.

There is no reason to trust them as much as we need to trust stock brokers. They are bunch of frauds.

We know there is no legitimate proof chart analysis is really works like a charm, but we can think that indirectly chart analysis is widely used by many traders, so it doesn't need any proof or a valid way to show it really works. in the meantime, the chart analysis is really used widely many traders, so, indirectly the technical analysis become valid and legitimate somehow because many traders have a same technical analysis.

yes if you a daytrader you should need to understand chart, and make some analysis.
But if you're a long term holder, you should see the whitepaper, roadmap, teams of your altcoin.
only invest to trustful project

Charts shows everything before and clear.

I believe them, but not fully.. after all, by the end of the line it is supply and demand that runs the market. Chart analysts may be able to present patterns with confidence (depending on the data source), but no one can predict the direction or the future value with absolute confidence.
It is extremely hard to predict market correctly, although there are a few experienced traders that may be able to do it..and most of them don't rely much with charts.

Charts are not enough to put your trust on it, Charts are just a tool to analyzed the possible movement of its value. Since the value are always fluctuating, you can never find specific amount based on chart vs actual amount in trading site.

Charts are very useful in all kind of data gathering for analysis. For the price of BTC and other altcoins charts move according to the volume of supply and demand.
So you can predict the price of BTC  and when to invest according to the movement of the chart.

Although affect the price of the bitcoin is a variety of news and the regulation of the national policy, but because someone will still know in advance the message, so they will purchase or sale in advance, this time can judge from the movements in the chart.

I may trust them but only to a limited extent. I mean, you can't fully trust something of which you have no idea how reliable the data source is, right?
But of course chart analysts are good or extremely good in presenting patterns of prices with considerable accuracy, but it is hard to really predict the future since prices always fluctuate. On the other hand, experienced traders may have a different opinion with this one.

I refer chart analyst before moving further. I believe in it. The chart is prepared with either annually / half yearly /quarterly and etc growth ratio. The old data trend is studied and current chart is prepared. Current news or any new incidents may surely affect the growth and have a bit change in chart. But if you look at, you will have 70 percentage is true as per the chart analyst.

I trust them! They present patterns reflecting fluctuations in the market thru a data source that is usually disclosed so can validate it.
And this patterns they present, depending on the source, would tell us of the accuracy. That's why I will trust in charts analysts with confidence.
HOwever, will also try and consult other sources, such as experienced traders that may have a few worthwhile insights at their disposal.

It is helpful to predict or assess what can be the possibility as numbers will give a good chance if what direction the coin will be moved, supply and demands can be determine using charts, as a beginner i usually try to understand how the flow goes using figures and charting, very useful if you
will analyze well and find the possibilities.

What you have said that your trades depends on Supply and Demand, and News are also part of Chart Analysis/ Technical Analysis. Technical Analysis also involves outside of what you see in the charts. Like News it can serve as your catalysts or a confirmation if your prediction will more likely to happen or not. People say that Technical Analysis don't work on a volatile market, the answer is they are wrong as Technical Analysis is also a study of a trader's previous action/ behavior which will help us predict future price movements of it.

Youre right mate the Chart is very useful to us so that we have a basis and information if what going wrong for the volatile movement of a bitcoin.This is also our information if when are we going to buy or sell our tokens and coins.

maybe 50-50, when we read an analysis of someone, we can also analyze, analyze it. we can compare with various sources that exist, did not rule out our analysis can also be a reference.

chart analyst are expert on how do they read the chart in crypto currency, and mostly they can predict 60% of just what happens next for another months or years. but theres a 40% failed. meaning its not really constant. after all things happens these past months and last quarter of the year 2017. I think chart analyst cannot predict what will happen next in bitcoin or altcoins after the all time price dropped. maybe you can decide by yourself and don't need to be advice of some expert to predict the future of all coins.

Technical analysis won't work in cryptocurrency market is still very young in market lot of money should come to market in order to raise

It's good to learn technical analysis while also monitoring the demand and supply. You're also right that news can affect btc's price. Bottomline don't just depend on charts.

Believe, but not always. Just looking at situation on market and then take decisions.

I don't think they actually tell the whole story and so i don't necessarily follow the charts in making my future decisions on bitcoin because they are all speculations and could go either way at any time but i rather prefer to follow my instincts rather than what is put out there based on previous happenings.

me personaly i dont trust that analysis most of them are wrong and they are doing that bacause they are a good blogger or youtube blogers. in that way they can promote there blog and youtube channel.

most of the analys are just a predictions it doent mean that yyou have to trust them with all your money. they ere there for just a guide and they are just predicting base on the past record of the coins that you want to invest.

Actually I do not really believe about graphics analysis because the price could have increased and decreased at any time with the support of enthusiasts who begin to make offers and requests greatly determines the price of a bitcoin.

Unfortunately now every the second "analyst", and some known analysts - are sold and specifically give such forecasts, that would on backdrop of their news and reputation, the price coin soared to the moon . first of all , you need to think for yourself, and not trust all sorts of analysts ! especially since a lot of scams!

I don't trust them at all. They can be used as guidelines if everything is running perfectly. This maket is too volatile tho. Every news has a potential to either increase the value or decrease it.
Until there is fear in this market, nothing can be trusted unfortunately..

The Crypto space used to be all about the technical analysis, charts etc but with the high rate of volatility in recent times (Thanks to the increase in the number of users of Cryptocurrencies), It's now about the fundamental analysis that's where stuffs like hype, news, fuds and everything other characteristics of the Crypto market that we see today falls under. Charts helps, It does give us a sense about the Crypto market using previous history and patterns.

Yes. If you check the past history of any of the coin, you see how those were responded to support and resistance. I believe both TA and FA.

For crypto market at current size no ... for myself the analogy is ...

Try to analyse the size of the universe before Hubble ...   

Chart analysis involves a big part of psychology. Many people react in the same way over and over again when they are under pressure. And the charts often draw an image of that. The problem is that many people are now capable of analyzing the chart exactly for those patterns. And exactly because many people know and act on it, I think the analysis itself is not so accurate anymore.

It might give you some insight but I don't take it that serious. A chart is just a chart, the market is a different beast.

If i am not wrong chart analyst is nothing but a software systen which works according to the historical data and follow a simple alogorythm of the movement of btc against the period. Thats i personally believe, and i also agree with you for not to trust them cause i believe every investor shoudk have their own strategy to follow. Like to follow the market for btc when any trade house have red signs against btc then its consider to be the best time to invest to get the short time arbrirtage profit. That is a rule of thumb only trade analyst can help to make any decisions but to follow it blindly wont be a good idea.

I agree with your exposure, yes. no one can accurately predict 100%, in the trade there is always a science that we can learn including analyze the chart. some people who have been very experienced use the method. So, if you want to understand it more you need to find some knowledge about learning graphics problems.

i 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 good

technical analysis is the method of analysing "supply,demand and NEWS" by the help of charts. Technical analyst looks at the charts and predicts possible scenarios with the knowledge of how things happened in the past.
Human behaviour is full of fud and fomo in financial markets, by looking at the chart you can easily see if an asset is overbought or oversold, so you can make your own risk and reward analysis and invest.

It's basically totally automated so u should believe your own instincts and knowledge against the market and the behavior of btc upon the historical movement of it.

For me im not trust them because they are only other guy estimates i cant trust them if its my money

If we talk about about charts analysis in general - yes, I believe them. They are a good tool for predicting things.
But I can't trust everyone who has made such an analysis.  :)

You can use it as a reference, however, you shouldn't trust it fully. Chart analysis is effective as a reference, however, it can either go up or down after hitting it's resistance or support. This is not applicable on bitcoin as we all know that bitcoin market is unpredictable.

I think that not all analysts can be trusted. some of them may intentionally say the wrong information. so they can be wrong. all information have to be rechecked

For me it won't works.. Bitcoin works in fundamental analysis that's why I keep looking at news articles and bloga on media waiting to give a real information on what's going on the monetary system.

Charts are good as heuristic methods of short-term trading but it ignores external situations that can affect the price. The charts followed by traders are good in that they try and predict other day traders move, the problem is the market isn't beholden to that alone. An attack, a hack, public relations nightmare are events that these charts can't control.

Chart analyst might help you to wisely guesse what is going to be the price. But like any other way of prediction, they cant give the definite prediction on the price. Its not bad to look at their analysis but still the decision is still in you. I would suggest you to just keep on holding and dont frequently detect tge price from time to time. Decide to invest for long period of time.

I Trust Chart Analysts very much but you also have to off instinct, unfortunately they won't always be right. Great post, keep it up!

Charts are actually the price history of coins, based on these histogram, analyst can predict what will likely be the movement of prices in the next given time, this is not exact, it is just a prediction, a guide on what to expect, certain variations will come up based on actual situations. You can trust chart analysis at a certain level but not completely, no one knows the future after all.

No i dont. I followed some people who worked woth chart analysing. Those people are weird an their always have an answer, they always knowed what will happen. They always have like hundert different chart models, and they always answer they know what will happen they told us its a classic shoulder head whatever ;D So what chart model you have when bitcoin started the bullrun to twentythousand? Ots not possible to see with chart models what will happen next.

For me, I don't really trust or believe in chart analyst. People have skills and they can analyze charts on their own. Why should people look for chart analyst if they could do analyze on their own.

Technical analysis is the best way to analyze an asset.
Whether you are talking about an egg production curve, stock prices, or cryptocurrencies you will realize that this tool will help you understand and predict a curve.
Look at the canals, triangle, shoulders or rounding bottom and you understand the power of this material that is also called an art!
Know that this technique is inherited from the chaos theory that has never been questioned for now!
It is used in many fields as mass analyzes and their movements!
Do not doubt the technical analysis in cryptocurrency and make this matter better, it will do you good!

As a trader, I trust chart analysis. However, I just do it myself and I do not trust chart analysis from others. Why? Because the analysis of others in the crypto market is a lot of fraud in order to benefit from their analysis because I know that the price movement of crypto is influenced by the market conditions of those crypto users. While the effect of a news about crypto is just to sharpen our analysis of the movement of the price of crypto in the future.

It is not an infallible science, however it does give you a reasonably accurate picture of market trends and I do take it into consideration myself.

Beginners can find the cryptocurrency space overwhelming as there is a vast amount of data available from an extensive number of individuals and companies.

Chart analysts provide the opinions of predictions rather than facts therefore I advise you to conduct your own research by learning about the trading charts.

Start this by following the price of Bitcoin and your other favourite coins daily using the trading charts. Don't obsess over it, instead keep track and this will get you more familiar with reading charts and looking at them. You can boost your understanding of the trading charts by learning chart fundamentals from chart analysts and books.

Once you feel confident practice, make mistakes and learn from them. I have provided recommended reading below that I have found particularly useful.

Bitcoin Analysis https://www.cointelligence.com/content/analysis/bitcoin/ (https://www.cointelligence.com/content/analysis/bitcoin/)

Line Chart https://www.cointelligence.com/coins_list (https://www.cointelligence.com/coins_list)

Candlestick Chart https://www.binance.com/ (https://www.binance.com/)

this is a difficult question. we can trust and not trust. it depends on the man whom analysis the chart. if chart analyzed by an experienced person, we can trust and in many cases, this issue has shown.

Maybe, I will put some trust in analysis of the economist specially if they have expertise in analyzing with the future price. But not at all, they are just human! And what are they opinion is just based from what they knew about.

Everything in crpyto market is not purely reliable, i believe a combination of supply, demand, news, competition among same class of crypto, and chart trends makes up the prices of crypto individually. So reliance on chart analysis alone doesn't give you the best interpretation of what's going on and definitely better estimates.
Usually chart analysis is used by traders from equity market but traders from crypto tend to rely more on news.

Yes i trust chart analysts because they know the possible candle in every hour or every day and every month.

For me it was just a predictions from the professionals who are analysing the trading chart. Actually these are their opinions based from the factors that can affect the up and down value of Bitcoin. They also checked and compares the trend from the data they gathered last year. But there predictions and analysis are close to the exact value of the Bitcoin . Not that reliable but nevertheless in the end we must believe that whatever happens to Bitcoin , hoping it will survive.

I trust it because i analyse their work and it seems pretty legit to me. Nothing is perfect in our world but we have to trust.

No, because they are using past price to forecast the future prices and can be deceiving too, in the sense that it may appear to be upside price break to one and make it look like a failure to another.

I think you have a wrong perspective when it comes to chart analysts. I must say that I don't trade right now, and I'm just studying for a while now, because I find it interesting, and maybe in the future I might try it. After taking that out of the way, I just want to say that I used to think like you, and I thought that chart analysis was stupid because there is no way people could use it to predict anything, since markets price behavior only reflect supply and demand.

The thing is that chart analysts are not really trying to predict the market, they just use it to react on price changes. based on the patterns they see on the charts. They just use those patterns to try to reduce their losses, and maximize their profits, but they keep changing what they do as the patterns keep forming. So they just say that with the pattern the price will probably go this way, but if it goes on this other direction and starts forming a different pattern, then they will do something else.

So basically chart analysis is not something that is written on stone. It's more like interpretation of live patterns that are forming and changing, and they use that to react.

Now, why would this work? Simply because traders talk the same language. If a lot of traders with a lot of money are all looking for the same patterns to form. When they all see the same thing at the same time, since they do it on live markets, then they will all buy or sell, and that will have a huge impact on the price. Of course there are some variations, because people can read different things, and that's why some traders win, and other traders lose. It all depends on the amount of people reading the same thing at the same time.

So yes, chart analysis works, if a bunch of people read the same thing. So just think about it. You are studying chart analysis, just like I'm doing right now, and you just read the same information and learn the same thing, that thousands of others did. What will happen is that you will be able to synchronize with other people when you are trading. That's why it works.

       Ofcourse price always depends on the law of demand and supply but you still need chart to be your guide even it is not guaranty 100%. News can help more to know the movement of price daily. I think you can use all of that to predict the price as your patterns so you can avoid more losses.

I do. Chart analysts make predictions and at least give me peace of mind since bitcoins are really volatile and does cause a lot of anxiety specially for those who recently just invested on bitcoins. But I do trust chart analysts. At least they can predict the behaviour of bitcoins.

Prediction and analysis is good and its give us clue to pick the best coin to make profits. I am believe that chart analysis is like technical and its very usefull for me to buy or sell. Beside that we should do our own reasearch before we make our transaction

Chart always provide reliable information especially in the world of bitcoin. However, you should only choose trusted chart providers and chart analysts  because fake news and fake updates could cause panic and unnecessary worries. So I say you should choose the trusted analysts and always double check to be sure.

I saw a lot of news-driven changes in the price. No one can predict this just by doing chart analysis.

Well this is how we analyze the market, we should the previous price to predict the future. Chart analysis really works for some people and it includes me, cause this is my guide every time I trade in the market for me not make big losses.

If you are pertaining to chart analysts and their predictions, well most often than not, these people have a tendency to manipulate or influence the decisions of people involved with that particular industry or market (in this case the BTC). People who solely rely on analysts, also base the decisions they make with whatever the analysts say, or the predictions, which is not "healthy" for an investor who understands. Thus, being dependent on analysts can lead to problems, like, what if the particular prediction for that particular timeline was wrong, and the investor followed the instructions of the analysts? Investors should have an independent way of trying to predict the market, I believe in this, and perhaps out of the 100% allotment of where the decisions come from, 10-15% allotted to and for analysts would be the safest. The only reliable charts or graphs are the charts and graphs that depict data on the value and price of the BTC. With this chart you can already see the macro and micro aspects of that industry, without being influenced by the opinion of analysts. If you are familiar with the wrestler, Stone Cold Steve Austin, well he says "Don't Trust Anyone", and sometimes this saying actually increases the level of safety and security an individual has. If we are talking about money, financial security, and investments, his saying applies even better.

Even if they have deep understanding about it, their predictions are sometimes close or far enough that is why i don't trust their analysis 100%. It's just a 50%-50% for me and besides, i am not always looking at the graph. I am just HODLing long term and not so concerned about everyday crypto news and trends.

Many years from my students I am trying to watch on different sides of things and listen different opinions. For me it seems interesting compare a lot of charts for clearest understanding. This is right way I think.

Sometimes my reference on how a project will doing great is their chart but other people use it to influence the decision of a person involved in the market or industry. You cant rely or trust the charts its just only their prediction. Choose only the legit or trusted charts providers and analyst for you to become comfort on your decisions.

I don't really trust in chart.You can't fully rely on those because it is a matter of prediction. Most often they tend to manipulate decisions. As for me, I tend to rely on a coins supply, demand and a another  factor would be NEWS.

But you believe or not every year bitcoin has almost the same graph every year.
Every year early bitcoin is always down and mid year bitcoin is stable and year-end is the highest peak of bitcoin prices.
So a lot of people who believe in graphical analysis from year to year.

Relying on a chart growth isn't the best practice in crypto. I think It's much suitable in stock market rather than in cryptocurrency. Best to rely on the update and news about the specific token.

I believe the analysis because analysis by using accurate data is needed to support performance, because the analysis is based on data and facts so that a reader will easily trust analysis of it.

I try to see different perspective of chart analysts. One would see the trend as bearish and another would see it as bullish so I would do my own research how I will view the market. I am doing my own charts as well and will compare it to other charts and see if I miss something or not. Base then on their previous history of being able to speculate where the price will go then I would base my judgment on whether he is trustworthy or not. After all, the charts are just speculation and market will do whatever it wants. Of course the price would depend on supply and demand but chart is a big help to know what your actions will be in case price would reach that level.

I do not fully use graphical analysis, because the graph only gives information and images in order to interpret data for trading. Requires great accuracy and skill for chart analysis.

I do believe some chart analysis, it is an information/data and it is good in investing. Use the chart analysis as a comparator in your own findings and gatherings for better result. Don't just ignore it.

Actuallly those chart analysis is only  a basic tool of predicting bitcoin price value, either it will go rise or down the btc  value of the market,but there is only less relevant in actual trading transaction,but i trust the chart analysis just like i trusting the supply demand in the market and social media,blogs and news,but mostly in trading  i must follow my basic instinct and decision making.

Trusting on chart analysis is not good but yes getting ideas from their suggestion and their results are good. Otherwise everyone need to keep update itself and find a way that how he can predict price of bitcoin from market condition is best way of prediction of price. Market analyst about price is using their own ideas but mostly they are giving opposite suggestion to one another.

Well cart analysis always give you some thing to think about but not to be trusted or act on. The best way to predict price in bitcoin is through the studying of the frequency of the demands and supply which is most time very hard to come by because there is no place that can be collectively collected that is the reason for the high volatility in bitcoin price no one can predict the price of bitcoin.

It really depends on how you analyze it, how you see the datas, chart, volume, sentiments of the market, it was never a 100 percent sure, you can only use it as a guide to know the sentiment overuling in the market on a given time, and for you to react to it faster and make more gains or cut losses.

You are right the bitcoin price is only depend on the supply and demand but the bitcoin price is following the same chart for few years dumping at very early of every year and it also happened in this year also,but it depend on many factors so I didn't trust or care about the price chart since I am holding in long term investment but I think the price always dump at beginning and bump at end of every year.

I think that chart analysis has its merits and its uses, however essentially what it is doing is showing you a record of the past events and there is no guarantee that the past will be repeated in the future (although it often does!).

It is good for showing you the price history of a coin so you can try and figure resistance levels, and it can help with calculating how far a coin may retreat in value during a sell-off. In summary, use them but don't rely on them as Gospel.

Personally, I trust the analysts checked myself! who gives the information fundamental and long term. and not those crooks that pampet coins funds and cheating people .

Aside from the demands, supply and the news we must also consider the graph specially the candle stick graph. It shows the historical and the trending of price movements. It really gives us ideas on when to buy or sell. It is a great indication for us to make a decision on what are we going to do in the future. So, we better to learn and understand the graph and it really gives us reliable information and it is an additional learning for us.

i personally don't trust on chart analyst.
but sometimes their prediction is worthy but most of the cases its just failed.
bitcoin and other crypto rate is purely based on supply and demand.

For me, technical analysis is a quick look guide to predicting prices in the short term but when it comes to the long-term I rely on the fundamental research. There is nothing wrong with the technical/chart analysis but it is not full proof too. No one can predict the accurate future but these methods we can use to predict the possibilities of the trends and that will help us to build our strategies.

I only trust the opinions of the people I'm sure of. Of course, do not believe every analyst, but you can analyze all the information received from them and draw your own conclusions.

Charts would be more reliable when it comes to stock exchanges. Bitcoin charts can be helpful, but don't rely too much on them. Bitcoin trading is emotional business, what happened last month or last week doesn't have to happen this week or next month.

I think you need to watch chart analysts for a while to determine whether they know what they are talking about or not. You can separate the ones that are good from the bad ones, but even the good ones can’t predict everything. You have to look at other information as well because this is not an exact science. Cable together as much information as you can before you make a trade.

Yes, I trust the analytics, but that doesn't mean I believe everything they say. I try to make my conclusions based on the information I have received from various sources.

No, I don't particularly pay much attention to chart analytics as they can be unreliable and I don't like to day trade. I prefer to do solid research on a project I believe in and HODL for the long run. For me there is less risk this way :)

There is the real picture estimated analysis; traders' behaviours to market. The charts are only somewhat detailed representation of these behaviours. I believe the charts do vary from different analysts. I do believe in a summary to get actual price.

Admittedly, I sometimes believe in the analysts representation on charts, but there are also times where I do the exact opposite of what they say about their analysis. So far, Bitcoin has an unforeseen future nestled somewhere in time and it has proven its unpredictability throughout the years. This feature of bitcoin is what makes other people attracted to it, falling into a belief that it can make them wealthy overnight, but in reality, it all depends on how they strategize in this volatile market.

None of the analysts can predict a coin price for sure. Of course there're some major factors that definitely affect the price, but all the analysis is nothing more than just a guess. The market depends more on news, exchange listings, partnerships, etc. So I prefer to use such news than analysis in my daily trading.

No one can predict the future of bitcoin but i analysts have an idea. I don't completely believe in them but at least I have also an idea because they also know better than us because they are analysts. In short I am getting an idea from them but not totally believe in what they say as they are also not too sure of what might gonna happen.it is just a predictions or speculations.

Sometimes It is impossible to demand perfection and accuracy from them. I have more confidence in the speculation of trade experts than the analyst of the chart. For the cryptocurrency market, fluctuations are affected by a variety of factors. Metrics are sometimes not very effective.

YES expert analysers chart is always helpful.crypto trading is not so easy.chart is so good to understand.

I usually checked chart analysts for bitcoin's price, but I don't focus on the recent price of bitcoin to predict the future outcome of the price. I suggest watching bitcoin news to become more aware if the bitcoin's price will go up or down.

Analysis is analysis, its only a prediction for where the charts will going into. Mostly i only use fundamental and news info than just looking at people's chart.

Because recently, i still cant use chart analysis  ;D

Until this moment I'm still dizzy with graphics, I do not think so. I rely on imaginary coins to buy

We should definitely have an analysis on ourselves that might help us to decide on the possible transaction we would make. I do not recommend to depends on the article of someone too much but it does not mean that it is not reliable in some point there are people or pages that analyze the real market of bitcoin in the current state.

In stock exchange or commodity exchange, we recoznize two methods of market analysis. There are  Fundamental Analysis and Technical Analysis. In Fundamental Analysis, we study macro economic. There are several factors or economic indicators that can influence why price goes up or down, including supply and demand. This analysis will answer and identify why price move is going up or down, uptrend or down trend. While in the technical analysis, an analyst will study historical data regarding price movement and try to forecast future price movement. These two analysis have been used generally in the world and can guide us to trade or to invest. we have to realize that market analysis is only a prediction and no one can trust it 100 per cent. Decision to follow or to take in trading depends on us.

The chart growth is one way to see if the coin is generating any money. If there was no markets then there would be something else to replace those places also the pairing of the coin to fiat/etc.

Usually Technical analysis don't work in Crypto.  Crypto market is so young to react to charts

I trust chart analysts but not 100%, let's say, just 70% of it. Why? Because they're not God actually in the first place so there would be no 100% accuracy onto that when it comes to prices/trends, it's just a matter of reference and idea on when is the right time to buy/sell/trade and how or what to do in case of some problem regarding the trend. Char analysts are helpful but make sure to yourself that you have to be smart and wise when making decisions to avoid serious issues.

a lot of people don't me personally I don't day trade in that way and there for I don't really use them a lot. I think that TA is a lot like story telling as it explains the price in the past, but when it comes to predicting the future events sometimes it hit sometimes it's a miss.

It seems that if you zoom in or out a certain amount then you can manipulate what you are trying to show your audience.  It seems like no one really knows when momey will pour in or pull out

For a long time it has been clear to me that the rules that are usually applied in traditional markets are not in any way applicable to the crypto market, as there seems to be a greater influence of rumors than fundamental or technical issues. That is why we continually see the so-called expert analysts fail again and again in their predictions, even though some of them have eventually succeeded, more due to the mere law of probability than to their supposed analytical capabilities.

There are many ways to check the status of bitcoin and the chart is one of the ways to check it. Aside from the chart we can also consult the individuals who already has experience in this type of investment.

Charting is a good way for you to be able to significantly know the movement of the particular coin you are following on the market. It is a good discipline that you always read FUNDA news on the market cap and read charts so that you have guidelines and basis on all of your trades

right, dont never trust a graph analyst.
because bitcoin is really unpredictable, I am more confident with the discussion in this forum and I analyze bitcoin from everyone post in the forum.
and me make my own analysis.

Any seasoned trader need no telling that the place of charts and other trading tools is not such to attach or expect 100% trust or confidence. They're simple tools to aid a trader in reaching trading decisions and not the crystal balls newbies and even some experienced traders often take it for. Moreover and more important, they function best when they're combined with others tools to arrive at trading signals that can be said to be credible.

Bitcoin sendiri adalah mata uang kripto yang merupakan pionir dan yang paling terkenal. Banyak sekali alternatif dari Bitcoin, dan menjalankan prinsip ...

Mist of analysis chart is not 100% true but not bad

I take chart analysis as a reference and don’t rely on it totally. I agreed that Bitcoin prices rely on other factors like what you have mentioned, demand, supply and news. These are the factors I will consider when trading.

There probably is some truth to it .
But i don't trust them just because a lot can happen with bitcoin .
It isn't like stocks , some whales can manipulate the price exactly how they want and there is no way to foresee that.

The exact rate of the charts versus the forex market is different. Coinmarketcaps are too small for forex. I followed signs and failures from time to time. I am more interested in technology than focusing on charts, the study of cryptocurrency makes me more wise. I have time to learn other skills to become a professional investor.

That's more like it, taking charting analysis exactly as a reference material, is how it should be. For a trader that's good at analyzing the charts, he's also able to see demand and supply as well as market reactions to news from the charts, even though, that might not be immediately obvious to many onlookers.

Just like you, I have absolutely no confidence in graphics analysts, because analysts are just reading from the chart history not on what happens in market as a whole. And most graphical analysts are wrong (for me).

Technical analysis is as good as the faith traders put into it. I have my doubts though, because if average traders put faith in it, there is always potential for whales to go against the market sentiment to make some big bucks.

For reference purposes you can try few of them but don't trust them blindly that would be a stupid move.

Even though you cannot predict everything using technical analyses, there is some truth to that.

First, this is because there are pattern which are repeated several times over the whole trading period.
Second, if many people believe in the technical analyses, this will get a self-fulfilling prophecy once a break out - up or down - is happening, which then again leads to many buys or sell offs.

Hence, technical analyses is not the only indicator, but should be considered when you want to trade instead of hodl.

There are people who can be trusted about the predictions. But it doesn't mean you'll just rely on their opinions. Of course you also have to analyze the situation and make your own decision. Everything that you can gather about will be helpful, just be open minded. But the decision should be yours only.

I believe it but not completely. is can be used as a reference current market position. indeed the price always depends on the news.

I think in addition to using chart analys way to know the price of coins we can use the volume of selling and buying, the lowest price and the highest price in that day
I also use chart analysts for trading as a convince my analysis

Chart analysis isn't bad, but it doesn't have a ton of merit within the Bitcoin community because the entire market is so volatile and unpredictable that there's nothing that can really be determined from the various patterns that you see with every sort of analysis available. Some patterns are very obvious and can be identified, such as a coming crash or a bull run, but anything on the smaller scale is difficult to see and you likely won't be able to pick it out even up to 90% of the time.

Analysis of immediate market movement or trend analysis, yes I do believe them but of selected few analysts only. But completely relying upon them, no I don't believe in that stupidity, I just take there analysis as tips or advice and do my own homework. And predictions are completely nonsensical nowadays. Trusting predictions will harm you lethally, so be aware of those kind of predictors.

I just like to check out their opinions, but I do not buy what they say completely. As a long term investor, their oppinion doesn't have much of an effect on me.

Don't forget about the cyclicality of the market. There are really experienced analysts. Personally, I know one of these and have been working with him for six months. Everyone needs to be checked. And you make a conclusion about all analysts. It's wrong.

not so believe in it, but I also do not reject this method as a whole because sometimes it is needed in the trade, although not much (for me).

indeed there are some who use that method, but you do not need to follow them if you do not believe it, just follow the methods you trust fully.

Do not blindly follow chart analysts' advice. Always do your own reserach. I myself check their charts to see how they see the price action, what tool they use and instead of looking at their predictions I learn from them to make my own decisions.

That is what affect the market of bitcoin supply demand and then the big one NEWS , I do not follow chart analysis but what I rely on mostly is news though the analyst are also doing a good work .

I think analysts are trusted, in any way, some of them are close to the creators of the cryptoworld and so they can get some kind of insider. On the other hand, we do not know the changes and predictions.

It has proven to me that no analysis works in cryptocurrencies. This market is different from other markets such as stock market.
Sometimes after a price is reached we see some people say that it has been predicted. But  note that. There are always many predictions. It is normal that one of them comes true by chance.

Analysts happen different. There are real - with the status, these or those projects which are really understanding the market, knowing, the management of the companies giving the correct forecasts, access to them difficult and not all can use it. Other analysts I work in the companies trading and give forecasts not always correct, sometimes give information that which is favorable to the company. Therefore it is better to start understanding everything.

For me I'm not whole trusting chart analysis, as we can know the market when there is a news that appears it affects the price and turned into the price on where we can't be expected. Sometimes chart analysis are helpful if we don't know on what price is a good to enter in the market but the crypto trading is a full of risk that's why it is important to make different study so that we can know and minimize this risk and gain a good profit.

Analyzing a candlestick chart is a form of taking values ​​that have occurred in the past to predict current and future trends. The data and charts are not wrong, only the analyst and the crypto market do not follow the chart only. I often do not have much confidence in chart analysis for investment but only to identify support and resistance points to place buy and sell orders.

I agree with you here. I do not trust chart analysis too much BUT is a good aid in making decisions. Sometimes the chart behave the way it was predicted and it means its manipulated or someone controls the trading. I always compared the chart analysis to other signals to validate it and even re validate it again and again since we cant rely on it 100%.

Chart analyst is only a prediction for the next month or years and that is not 100% real. If you see chart and analyse according to them then you are right but there is no guaranteed that it will go to your prediction direction because it is run according to the market demand and supply or buying and selling of investor in that particular month. Mostly analyse tell all prediction to earn the money but people trust on them very faithfully so avoid this formula to earn the money and keep away form it.

Yes. I believe in chart analysts. The best is the Elliot wave and Fibonanci, trend line. At least 3 indicator will help you not lose your money

Yes However, any way you slice the pie chart, a significant number of traders are reliably profiting using technical analysis. In this article, we will discuss and debunk some myths about technical analysis.

if all the chart analyzes are right on the marks of course everyone who follows them will benefit, then everyone will follow the analysis, and no one will lose. it is a simple and unlikely scenario. Although sometimes a person's analysis is correct, it will not always be as described. Price movements are not influenced by the shape of the chart shown, but based on supply and demand.

Everything depends on the supply and demand and news are one of the factors that are bound by, influencing and vice versa the supply and demand.
Technical analysis is a valid strategic tool that can be very powerful if you know how to use it though.
Technical analysis is mostly based on monitoring how the rules of supply and demand are influencing the market as one of the key components of technical analysis is behavioral statistics.

By introducing t.a. you are basically using mathematics to minimize the mistakes in judgment. If you establish strong rules for your action markets and if they are based on solid fundamental and technical analysis you should make a profit in a long run. However, making a good strategic plan is not an easy task.

The problem with t.a. tools - like chart shapes (triangle, wedge etc.) is that they are less reliable the shorter period is and the more volatile it is. With Bitcoin almost everything is short-term and the market is still underdeveloped, young and hence very volatile and hard to predict. For example - the January fall was a reaction to some news, much less harmful than some of the news from the August - December period.

However, if you are very skilled you can still use them to your benefit, and if you are less skilled you can still use some of the t.a. like support vs. resistance, Fibonacci, moving average, expected oscillations during the year etc. All of those are pretty usable on Bitcoin.

I think long term trends can really follow some pattern (like parabolic trend)... but anything else is more or less random. in hindsight however you can always draw some nice support lines. but there are always at least a couple of possible lines...

Chart analysis is not very accurate. Because charts can be interpreted in the way the analyst wants. I used to listen to these analysis earlier. But after losing some money listening to their advice, I decided to ignore them.

I read the forecasts of many analysts, compare and on this basis add up my General idea about the prospects of bitcoin or other coins. But to believe only one analyst is not.

not really...
But in my opinion, chart analyst really helping a lot for traders for predict the coin price in near future...
just like what you said, bitcoin price depend on supply, demand and of course NEWS really take effect...

Yea I trust bitcoin analyst the always come true with their
bitcoin charts, recently I heard bitcoin would get a huge
dip in value when bitcoin was at $20k this year and bitcoin dips in value as they say.

Have you ever gained any profit from analyst predictions? As for me I tried to use analysis but had a negative experience with it. So I prefer to do my own investigation, and I should say that crypto is almost unpredictable. It mostly dependent from news than from any calculations or trading rules.

I believe that chart analysis is based on previous and current outcome. It may not be all that accurate, but it does serve as a guide to know the trend and flow of the market. It should be used together with other indicators when making analysis, along side considering other fundamental factors that affects the market.

Chart analysis really works well but it is still better if you able to do your own analysis because its risky if you just depend on someone else regarding on that matter. Doing chart analysis is quiet hard for some people because they don’t know how to read indicators, so you should keep on learning until you master it.

The opinion of analysts should be taken into account, however, one should try to get acquainted with the opinion of different analysts, and also trust your opinion and intuition on all issues of the crypto currency. I turn to the opinions of analysts and in many ways they are right. Therefore, I always get acquainted with their opinion with interest.

You are right. I noticed that on different sites charts analysts quite different. So it is necessary to switch own mind and try to make right decision where to invest. There are a lot of fake information and forecasts on the market.

No, i don't trust the chart analysis because after all they're just personal prediction of someone so it could be true or wrong.
You should only consult that prediction, not following it.

All forecasts are relative. Too many people claim to be experts in this market. They have their trust and the posts are for reference only. I've seen a lot of bump groups, dump market forecasts. I find that they are the bad guys take away your money. Be careful.

No, what is presented in the chart is history, we never know that the charts are always the same, and surely we can only speculate about the future.

The chart does not mean that it will repeat history at least we have the data or the basis so that we can come up with a good prediction on what will come next as well as when we read updates or any news we can predict the price, it does not defined the present value but at least we have basis.

Chart analysts is a tool to know trend price, can not guarantee profit, just as the basis for making the best decision, it is true that in trading we speculate but I can not ignore the charts.

it really does sucks. means how virtual coins can predict there self growth?

I trust my own analysis of charts but nobody else's.

It's good to see others analysis too, then try to study if their analysis were right. I just enjoy seeing others view of perspective on what they think on that coins chart. Trusting will only matters if their analysis is convincing, if not then, why follow?

No, I don’t. It’s always seemed to me a kind of crystal-ball prediction, although with some rational reasoning in the background.
And yes, news and unexpected events affect the price and chart predictions don’t take them into account.

It is important not treat chart or technical analysis as a crystal ball but to understand that it may help to determine the trend especially on shorter timeframes 1d, 4h.
Observing daily and weekly charts I see retest 12000 as quite probable.

I think the most people also are not just predicting prices with just a charts analys only, price charts are just an additional consider to predict along with developments on demand and suply also the latest news I guess. For me basically I belive that, but more focusing it to the history of the price movements, and also I'm not an expert who can predict the prices through the price charts. ;D

The charts represents the history of how the trends of that particular coins moves in the market. This is a good tool to analyze the bear run or a bull run movement with respect of the volume being transacted but not a guarantee that the pattern will follow with the previous history. Although market analyst use this to predict the next price. The data will become outliers if something happens such as panic selling or buying.

I do not really believe in chart analysis I more often see the development of graphics and market conditions directly to determine whether I buy the coin or not because you if you can assess the market conditions will surely benefit very much.

Well the two things you've mentioned, development of graphics and market conditions, in a way is part of chart analysis. Bitcoin seems to have a sick habit of proving these analysis wrong tine and again. Though there are times when it comes close to accurate, there are also a lot of times when btc doesn't cooperate. Better to be aware of the current events in crypto since that moves the market a bit more.

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.

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.

its a true point to argue as because if the currencies are virtual how could graph depend on this virtual base?

I am agreed with you but there are lots of others facts that one should be used while they are making an investment or deciding to invest. But totally avoiding the chart analyst will be a foolish move to make.
Most of thw exchange house or chart analysts sugggestions are  the result of historical facts of crypto-coins and these are maintained by software in most cases. So to make a move if you are avoiding chart analyst suggestion wont be healthy.
Chart analysts are not basically crap but an obejct of suggestion which one should bear in mind while making an investment. At the end of the day it will your money which gonna face the profit or loss.
Hope i've cleared my point of view.
Cheerz

Yes educated guesses are the stock in trade with chart analyses and every seasoned and knowledgeable trader takes them for nothing more or less. It helps to imagine the whole lot of burden the use of navigational aids can spare a pilot or captain and of course, that does not absolve them of their duty of manning their vessels. Simply put, an aid is an aid, but when its place is swapped, you end up in mediocrity!

So,you said that cryptocurrencies price depend on supply,demand and news but its not enaugh,cryptocurrencies are not physical goods and its price depend on how we value,how society value it and that's why I don't trust chart analysts,because its so hard to predict what is the real value of X - coin,despite the fact that there works supply demand law we must need to understand how crypto market psychology works today and how it will be tomorrow.anyway its very arguable issue and my advice is: more trust in blockchain...

Cryptocurrencies market was really unpredictable, because it depend on supply and demand, but you may use the chart analysis as your basis for your investment but still no one knows what will happen so you should have perfect plan for what ever happen😊

I too don't trust chart analysis about bitcoin price.It would only be helpful in predicting stock market movements.Bitcoin price is mostly influenced by the outside factors like some governments legalizing or banning bitcoins,FUD circulated in the market and activities by big whales like dumping bitcoins at once.Now even new factors like wall street companies entering the market with launch of bitcoin futures have also significant influence over bitcoin price.

Those fuds really affects the market, if only those who really believes in crypto and does willing to stay for long and risk it long only allowed in btc, then we can definitely trust the chart but for now its a no, maybe when users already filled their mind that blockchain or crypto is the future.

i don't trust even pump groups and different telegram channels 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 good

I believe because by analyzing we know how bitcoin develops

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

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 good

Don't trust that it will repeat its history again, just do a basis or analysis about what will happen together with those updates that will come, and it is also wise to seek the advise of some people especially your friend who does trading as well.

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.

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.

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.

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 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.

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.

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.

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.

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.

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

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.

I don't trust the same awsome buddy

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 cant say that to you clearly sorry

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.

Chart analysis are just for speculations based on its form but not really reliable. Market is still the one who will decide.

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.

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.

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 fails

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

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.

I belive in mass majority character and it shows nearly perfect analysis

first of all you need to pay attention to who these people are and whether they have recommendations or authority in the world of crypto currency. That's when you can listen to the forecasts and analysis of these people. But for today there are a lot of empty conversations and empty statements.

Yes. I do act according to earlier incidents stored. 70 percent of things happen as per the trend chart.  I refer to this chart before buying up a coin or trade.  At times new rules and laws forced by governments do affect and change the way it is.  Recent enforcement on traders by a government has really caused a lot in bringing down the values. 

I've been invited on some group chats in facebook titling signals by my friends and most of the signals there are based on analysis on charts and its latest trends and guess what most of the time they release statements regarding future prices it always misses, for me personally i think chart analysis is a good way on understanding the market but it doesn't give a good estimation at all, i guess in crypto you must be updated on the news rather than focusing on analyzing those charts.

Chart analysis works, that's for sure, plenty of people have made fortunes with it however it's extremely hard to predict something like bitcoin, specially in this market that is driven by emotion and news. In the long term no one knows what's going to happen.

It's just a reference, if everything happens like chart analysis, people will become millionaires. Bitcoin prices are largely influenced by market demand and national policy.

I trust, but I use them only for guidance. Very important is the source because not all are trustworthy.

I do not have full confidence and do not make decisions based on a single analysis. I think they are important and can help you a lot.

I don't usually use chart analysis though it is quite helpful to crypto if there is no news and volume is huge but crypto is very sensible to news so if the price would go down it can easily turn the opposite in a matter of 5 minutes even if chart reading predicted the opposite.

Yeah the truth is that there is not really anyone that can claim to be an expert on the market bitcoin is less than 10 years old so there is no one that had the time to master bitcoin and its movements yet and it is doubtful there is going to be a person like that if bitcoin keeps moving like this.

Indeed in the crypto market no one can master or predict Bitcoin, because the unstable BitCOin can go up and down at any time. The graphic is just a picture when Bitcoin up and down, it helps us all so we can see the movement of Bitcoin and I am a bit of a believer in a graph on the market.

Chart analysis or analyst provide past trend and that is used to just predict what price the crypto may increase with other supporting data. We cannot predict 100% with chart analysis but can predict some what like 60%. It is just a trend to watch closely for future prospect.

Not really. It just gives you an idea to where the prices are heading and it always fall into two outcome; it will happen or it won't. It's also not really helpful basing on other's analysis because anyone can have their own interpretations.

What you have said is indeed true.  We should not rely always in chart analysis, as a crypto and market literate people we must be able to use other methods to predict the price movement, we should consider other things before we come up with a conclusion.

That is probably not going to stop a lot of people to try to make it seem as if they are great experts when that is not the case, in fact we see that all the time there are many people selling signals to other people about in which coin to invest but if we think about it that does not make sense  if I knew which coin was going to grow up next I will not share that information with anyone I will keep it to myself and make myself a millionaire with that information.

It will be based on our own analysis, even there are many advisors already around, we can't still detect if their speculation will seem to happen one when we will see it. But it will be better to share ideas if ever so if we need some info to others might give us, it is a give and takes process.

Chart analysists probably can have some help in predicting the price of crypto. Even though some people says that its price depends on the speculation but it can actually still give some positive impact. If people will only  have a positive views on the chart then probably it can also gives a good results.

One can make basis from the charts because this is the previous market movements, but we should not entirely depend on it because nobody can actually predict the future. There are other lot factors to consider new investors playing, more users or acceptance rate will also play big difference in the market also the the growing popularity  of bitcoin and new competitors will definately make a difference.The past is not entirely the mirror of the future so previous analysis can help but it cannot solely be trusted in making decisions.

Well, it's one thing that we should always consider when investing, selling or holding bitcoin. It is more of like the graph is the result of all the news or should I say, FUDs and the demand and supply of bitcoin. You can somehow depict how the price of bitcoin will go and you can base your strategy in crypto base on it. Although it is not a sure way of predicting prices, it can still help you somehow.

I think the personal work is better than focusing on the chart analysis and for me the previous history is important to forecast the future and the prediction of the crypto is not easy it is volatile and the important thing which measure is the market forces like demand and supply and the bad news caused fall in the crypto prices and the bitcoin is badly affected with this so we have to focus on these things and the crypto market is good for us because i believe that crypto will make us successful.

to be honest for now I do not believe in chart analysis anymore because the analysis is not certain accurate if there is bad news it is certain the price will go down and when the graph shows the price down but there is good news from bitcoin it is certain the price will go up. so bottom line for now I do not believe anymore with the chart analysis.

Its extremely hard to trust just charts or technical analysis when it comes to bitcoin or cryptocurrencies in general. There is so much volatility and prices can be so easily affected by tons of variables. A simple fake news story could easily drive the price down or a simple tweet from a know enthusiast can drive the price up. At times like these, i believe the best analysis would be a fundamental analysis that take into consideration the risks and future roadmap of a cryptocurrency project.

to be honest for now the chart analysis seems to have been not very used because it will lose with the bad news or good news from cryptocurrency for now who has the capital or have a lot of bitcoin can move the financial condition of cryptocurrency.

Chart analysis works but it's limited many people think they can predict how the price is going to move every single second and that is simply not possible since there is a lot of factors as you describe that can modify the price especially the news because when a bad news comes regarding bitcoin we are very familiar with what will happen there is going to be panic and the price is going to crash.

That's why everything happens, because there are analysts who say one information, while others say quite the opposite. People panic That's why, because they know what information you can trust more.

analysis chart is very necessary when we trade in the short-term or often we are familiar with scalping techniques. However, the bitcoin price movement is not what we think much less the movement cannot be compared with the stock movement. Fluctuations in bitcoin prices are still influenced by some of the news that is becoming a benchmark for millionaires to capitalize on these fluctuations so that fundamental analysis becomes an appropriate way to analyze bitcoin price movements in the market.

I do not really believe in such an analysis, but sometimes I hope it does happen. sometimes my chart analysis is really overkill, and sometimes it's wrong. well, I often take the opportunity when the price of the pump, than to analyze it.

Chart Analysis is one of the tool we need to know in trading this will help us identify if a certain coin will go up or down but its not 100 percent reliable is because the market is very volatile and can change no matter how good the chart looks specially with crypto. But knowing how to read chart is a good advantage if we want to be a good trader.

Not only traders but also investors are always depending on the charts because charts can give them a hint or a clue on what will be the next move of the coin. although i also agree that the value of the coin will still depend on the demand and supply but atleast these charts can still give us a little help in order to have a reference on what coin is the best to hold and what should be avoided. Overall there are now many indicators and tools tha we can  use if we are tracking a coin , not just a chart analysis.

of course I believe with graphical analysis but I do not really believe because if just looking at the graph just seems to be lacking, you have to have a lot of capital to be able to play around the price as in doing MTgox who toyed the price because he has more than 150k bitcoin.

Agree, because many people confused about the chart reading and don't clear idea about the how to analyse. Most of the people who don't have any idea about the charts better he will wait until the price increase, but chart reading is really a good though because he might guess the present situation of the coin.

very important, we can read the movement in general within a certain period of time, not only that, we can also know the price up or down

Actually, I do make them as a reference for my own chart and analysis. But these chart analysts are one of the best tools we could use to assess the trend of a certain player. Though our judgment and decisions will still depend on our own assessment.  I agree with those factors that OP said, Rates of Bitcoin do depend on the supply and demand at the market. To add, News (fake or not) that are rapidly spreading has also affected the market due to panicking and other emotional imbalance once they heard a news.

I trust, chart analysis I usually use as a consideration to buy a coin or not, and also as an indicator where it is time I will buy and where I will sell, so far if we really use it efficiently and appropriately then we will get profit from the analysis chart we use.

Graphical analyst is a technical analysis involving the use of graphs or technical indicators, to predict the direction of currency movement. We don't have to believe because graphics analyst himself there's actually a tool whose job is to summarize the development which takes place around the currency which helps us in analyzing the development of currency in the market.

Supply and demand plus news moves the market however charting analysis will indicates the most appropriate time to buy or sell based on indicators and candlesticks formations thus it is mandatory or compulsory for a trader to be fully equipped with both technical and fundamental analysis

Of course reading the chart is very important to make predictions on the price that will happen, a trader will see the chart of the rise and fall of prices to determine what to do. actually not only the chart that are important but all components in the market such as volume, price 24 hours before , and so forth. it is needed to make predictions and make choices..

As far as it can't predict next week or two with even 50% of accuracy, I'm not into that. Crypto market has no objective rules basically, so you can't trust these charts blindly

therefore with the analysis of the graph it can make it easier to monitor the increase and decrease in prices. and I believe with gr analysis...

charts are only a reference that records the past movements of cryptos and they dont predict any future or incoming flow but i must say that i do trust them because charts do not lie and they are verry accurate when it comes to the history of cryptocurrency.

However i do not trust charts that do an advance predictions because i still beleieve that cryptos are unpredictable and no one can predict their overall outcome .

Well If you can see thorough the graphics can give you visions not just the 50% but 80% that I see there,believing there depends on you dude well rules do not exist but some experts have gone through hard times to read the market from before the BTC value up to 1K and have passed 18K here many have done that.

I don't trust chart analysis alone, but I trust technical analysis in total especially when indicators are used. They are mathematical explanations to understand and read the market better.

Chart analysis is I think an an accurate basis to know the possible future price of bitcoin. It is helpful because I think that it is a legitimate analysis that monitors the increase or decrease of the price of bitcoin. But as a trader, I don't totally rely on this one. I also observe the market of bitcoin especially the respond of people to cryptocurrency whether they support it or not.

I believe with chart analysis because graphical analysis uses accurate data required to support predictions, graphical analysis is based on existing data and facts, and it's helpful.

Do you trust chart analysts?
I always look at the opinions of analysts that I trust during the day. I have my own experience of trading on forex, and comparing my opinion and opinions of analysts - I get the solution of which I adhere. But in any case, - whether you listen or trust the opinion of analysts, - you risk your personal money. But, why not trust the expert's opinion if it looks like the truth?

All of us have different speculations of where the market might go in the future. It would be better if you have an idea about charts if you think that it would be helpful for you. About trusting the TA experts, some of them are good in predicting where the price might go in the near future and some do fail but what is important is what is your stand to what they are saying.

I, myself, make their analysis as reference and know why they think that way because I am willing to learn if there are any info I can use to apply to my trading plan. I have my own strategy but I welcome the ideas of others too. I do not immediately buy the coin they are suggesting but I make it as reference to know what coin is trending at the moment and check the chart what price can I possibly enter if I think there is an opportunity.

Crypto market is always volatile and the analysis like chart and other analysis are bit close to the price but cannot predict a correct price rise or dip. We need to gather news about the particular crypto with the chart analysis to predict whether there will be a dip or rise in the price of the particular crypto.

Chart analysis is an added advantage for traders I hope.

Well, sometimes chart analysis only makes us better in terms of speculation. many people do that. but, they also see that potential from the information they get. so it will be very useful when there is information that you get about the coin.

I do not trust it fully but I am using it as one of the helping guide with choosing a crypto currency that has a potential to grow. Usually I check the supply during ICO after reading the whitepaper.

if we follow the chart technical analysis on the website bitcoinwisdom.com we can predict the market uptrend and downtrend but every time we cant exactly chart analysis work on bitcoin why because bitcoin market is more to one side market

I do not trust them, to me it is just opinions, like I would say that bitcoin is going to come back to 20000 $ this year, this is my believe and it based on my own experience with crypto, they usually raise in the end of the year, so why this year should be different? The same story with chat analysts, that is just private opinions, some of which will come true and another simply will be forgotten. 

I tend to trust charts and mathematical calculations. But when it comes to bitcoin I think usual analysises don't work, at all. Many of these chart analysts don't accept this fact. And I deny to follow their charts..

Based on my experience I made several times the analysis chart, it can be said that the chart is not 100% accurate, it only helps to make decisions but never guarantee profit, so be wise.

on my part I believe in it because analysts have a strong faith base in their faith and are sure that it is due to such evidence and that is why I know that there is a great deal of bitcoin development in the days to come now.

I do not want to say whether I believe it or not. What I want to believe is that nowadays there are many methods to predict the price, but in reality it is sometimes very difficult to predict. Price Crypto is a thing that can not be denied full of surprises, many things that happen because of unexpected, even everything can sometimes be said as a miracle. chart analysis will indeed help us in predicting prices, but fully that the price conditions that occur is very difficult to predict.

It's just an analysis based on numbers, they are good at summarizing those numbers but don't trust them absolutely, it will affect your judgment. In times of need, this may pose a risk.

Graph analysis, more easily understood as a presentation medium especially for tracking the price movements which each process can be seen with the naked eye.
Although very helpful in doing the analysis. Honestly, I personally don't like it much because in its use seems a little too complicated.

The only chart i trusted is from coinmarket cap website because those people who are looking for a legit information are always choosing coinmarketcap website to deal with their own calculations of profit they will earn in the future.

Technical analysis is as good as the person doing the analysis, if you are a newbie then you are not going to be very good at it, but if you have using charts for years and have made a lot of money then it is obvious the information you get out of charts will be better, while I'm not an expert for what I have seen I will say that using charts can be an effective way to predict some markets especially those that have the most liquidity.

In fact, in my opinion the technical analysis has no real weight to predict the crypto market or any other market, because many tests have been done about it and everything seems to indicate that TA is nothing more than an overvalued pseudoscience based more on subjective considerations than in objective analyzes.

I myself am not an expert in trading. It will remain in my opinion, higher tf in the chart is very valid to be made as a benchmark. Higher tf here is 4h and 1d candle.

Maybe Trading Experts can explain more to you.

first when I was a new player and did not know the right time to buy and sell coins, I still believed in chart analysts, but after I had a lot of experience, I became less confident in my chart analysts, more confident in my personal observations.

Well,  just like what you've said, demand and supply dictates the price and the chart is just the reflection of those three (demand, supply, and news). If you really wanted to predict something you must dig dipper or study the things or the factors that affects the price of it.

Technical analysis can be used in bitcoin, so yes I trust in it but at the same time I trust in it for the short term variations of bitcoin when it comes to long term trends there is not any need to use charts, you just need to look at the news and the forum to know that even if the people involved in bitcoin want a recovery the recovery is not going to happen until a few years pass.

Yeah , even though I don't trust it 100%, but candle stick and chart analysis could give us a better look on the market, it's true that the price is depends on the supply and demand, news and trend, if you learn deeper you will see the information is exist inside the chart and candle stick, so it can be reference for us to do next step

candle sticks are used by traders because they believe that relying on it will give them a high percent chance of winning thier trades but i dont usally believe on those gimmicks . in  my own views , those candle sticks , charts  , graph , etc  are not helpful because they are only a records of the past price of the cryptos  .  the flow of cryptos will still depend on the major holders such as whales , therfore manipulation can happen anytime without prior notice .

trusting your own instincs is more  better than trusting anyone .

in crypto it is difficult, we can trust but not fully believe it is true even though it is from a paid channel. You have to make sure the others are like good or bad news. and the last is the inner conviction or instinct of yourself that decides it

You cannot easily trust any coin you invest because the market prices are volatile so you should always conduct your own research to determine of the coin is profitable or not.

Analyzing the market based on the chart gives a clear outline about the market variation that has happened over a course of time period. From this we can compare with the past year and other such time periods that'll give an access to predict the market outcome in a better way.

I really appreciate people doing their best to do hard time spending on analysing market flow.  Though their speculations isn't a 100% guaranteed but it is too helpful for us specially for beginners. Even we never rely on them at all times but it give us what is possible things to happen in the near future.

Depends on what they say on the coin. Im sure there are a lot of analyst there and if the majority of them agrees on something then probably it is the right one. Its okay to have a basis and not choose by a gutfeel and hunch. Somehow you can have a foundation on your coin.

Their opinion should be taken into account, but it is also worthwhile to process the information yourself

That's true because chart is a chart and when it comes to market anytime a good news or fud will spread and the charts and indicators will be useless, that's my observation to chart well i am also doing chart analysis but for short time period predictions only as per 4hrs movements.

I think graph analysis can also be used as a reference or benchmark for us to use as a comparison, because those who make graphics are not arbitrary, they make it from various sources and considerations of the results of thinking so I think we can use it, the name is also a definite analysis of the results obtained from analyzing.

Agreed on the line that I was bolded above, we can be used graph analysis as a reference for us to use as a comparison in analyzing price in bitcoin. We consider this one of the tools that identify the nearly happen on bitcoin price in the market, this graph analysis is just like a piece of the puzzle you can't solve the whole problem without this.

Just watch their prediction , if it ends as predicted then test another graphic analyze of same account. After a few test you can see that is a trustable source. If you cant see any better result so you dont need to follow it.

Why trust chart analyst, when if you know some technical analysis you can do it yourself. Surely, some fundamental analysis also effects, but technical analysis is working pretty well though.

Chart analysis cannot be relied on because in reality we can't really have a basis for it's actual market changes. All I can just hope for was for the price to rise day by day, so that I can reach the goals and dreams am looking for bitcoin. I can only depend on miracles to happen, but the main thing for now is to wait for good timing to achieve good price for our holdings.

Every market has different charts just like predictions about cryptocurrency, it was better to conduct your own research in order to determine the prices in the next few months.

That is the way technical analysis should be viewed, some people think that if they learn technical analysis they will be able to know what it is going to happen all the time but that is not true, technical analysis is a great tool that allows you to have a more complete vision and a clearer understanding about what it may happen, but in no way it is going to predict the movements of the market in a perfect way.

don't waste your time with that kind of thing, it's just a speculation that people do, you and also me can also make such speculations. never believe in predictions. bitcoin can never be predicted even by its makers.

Chart analytics are technical patterns so i trust to chart analyst.
Those technical patterns are usually works specially fibonacci levels and moving avereges are good for me.

well, but I feel that not all patterns of chart analysis are correct. yeah, even i think it looks very difficult. maybe it will be a very strong prediction when it is driven by information that is so good or bad

I think technical analysis is a self-defeating prophecy. If you think about it - if the charts predict that the price of Bitcoin is going to drop after it crosses a particular level - people will try to play the charts and take positions before hand. This would ensure that the pattern predicted by the charts will not occur. You are better off taking a long term call on Bitcoin.

yes, I also do not really believe in chart analysis because crypto prices are difficult to predict so that the predictions are not always true, many factors influence crypto prices

Actualy no. This could be just an information about trends and some guidelines but I don't make any decision based on such analysis. I don't think it's trustworthy enough.
These are techical data but they can't "feel" the market if you know what I'm trying to say.
I'm not trying to say that you should completely ignore them but they will definetely not help you to make more successful trading.

Me too, not really believe, but not completely rejected. Many analysis is still very useful, it may not be true because of the current market fluctuations but not too deviated from the market.

Chart Analysis is the tool which we need to know because this tool will help us identify how certain cryptocurrency will move, but you cant trust it 100 percent because the market is very unstable and can change no matter how good the chart looks. But knowing how the charts is working there is a good advantage for successful trading.

Of course I believe, but if I only rely on chart analysis then I do not believe, I have to combine with other analysis, this is because the market is difficult to guess so I have to use another analysis.

One thing is analytical charts and the second thing is a forecast of prices according to these charts. Analyzes and predictions do not come out at 100%. Although certain periods of these charts are repeated. Bitcoin price is moving according to supply and demand, also according to news from the world. In this i believe the price is based on this. It also applies to bitcoin regulations in certain states, from which the price of bitcoin may deviate.

That's good to have analysis at all times, but for the few months we're into unpredicatable situations I think it would not help that much. We need to be more accurate based on the reality of the market value, and fr beginners I don't think its good for them since the market has not yet establish a promising price. For now we still need to be more patient in order to gain confidence in facing challenges that we're going to encounter during market fluctuations.

The chart is based only on existing numbers. Then the results of the floor and the chart. But the transaction is fast so it can not timely upload the chart. And people should just rely on it to judge the market.

This is not correct, the developers could easily earn a fortune since they know the development state of bitcoin better than anyone, so whenever the lightning network is ready if they just bought all the bitcoin they could before announcing it then they will earn money as the market skyrockets thanks to the incredible news, in the regular markets that is illegal but I do not know the status of those actions in an unregulated market like this one.

before I trade crypto, I have been trading forex. I think chart analyst is a little too petrified in terms of crypto trading, yes no doubt indeed, supply and demand   are the main thing.

Ground realities are important. For example we know that bitcoin is the first crypto currency of the world and now the people trend is changing because of the increasing activities and shortage of time. People now like to do online shopping which they consider more easy and comfortable so we have to accept and realize the importance of that trend which in now increasing from time to time.

cryptocurrency markets are  young and very less turnover in terms of market capitalization so we can see market prediction in these markets may nt be accurate

Most of the experience traders will always look out for charts to guess what is the price going to be in coming days, based on that they will predict them in the market. Experience trader will always watch for charts to get profit through the trading.

The point is if bitcoin price can't be predicted, of course traders have a small chance of profit, they don't need to do analysis and
research and of course everything will depend on luck to profit and trading will be the same as gambling lol...

to see price movements, we have to look at and analyze charts from the market, so from there we will know and predict the movement of coins, whether it will be profitable or not

And my point is that under the right circumstances the price of bitcoin can be predicted and I just gave an example in my previous post, it is obvious that such a thing its impossible for people like us that do not have that kind of insider information but that doesn't mean that is not possible, but for the rest of us the best strategy is to just hold our coins since those kind of predictions are beyond us.

Which kind of supply & demand you mention about?
About the news, yes it has a big influence to move the trend on the market, with this trend, supply or demand will occur according to the movement of the news coming.

I think, analysis charts can be our consideration for predicting prices so I believe in chart analysis and of course demand and supply are also very influential with the price of coins

I only trust chart analysis depending on the site i am looking because there are some market with inaccurate data so i prefer using coinmarketcap because it was highly trusted by everyone.

Well trust would be a broad term but i do sometimes if it seems to have been made with sense. But it's different to depend on them. Still a lot better to keep yourself informed and educated with what's going on in the market.

In my own opinion there is no accurate prediction on cryptocurrency and that is the reason we should always be patient about the market and keep on holding our coins today.

Bitcoins does not follow chart with 100 accuracy. As you can see price is move up and down based on news and not on charts speculation. Another reason is Bitmex manipulation which is causing bitcoin price unexpected movements. I will recommended everyone to follow charts plus the news for their analysis on bitcoins.

Believe it or not, I think graph analysis is quite helpful as a price reference from before, even though it's not entirely true, at least we have an analysis.

I do not fully believe in chart analysts, but I made it one of the many sources to be used as a reference for predicting bitcoin prices, but it is indeed quite difficult to predict the price of bitcoin on the market.

Well, I sometimes doubt this, but I like to see it. sometimes I always match that with existing data. well, but basically I trust more precise information, because it can sometimes really make crypto prices go up, or down.

I still believe they, but only a little bit, i think the price of Bitcoin is mainly affecting by news, the chart analyst is just icing on the cake，and maybe some of they just cheater.

in my opinion, analysis charts are important because we can predict prices based on the chart, but of course there are other factors that also affect price changes so we must be able to analyze several factors including current economic conditions

It will varies on different view of those who analyze it. Differ and differ that will make the market more difficult to understand,we know its important but what decision to do next matters.

I will not fully believe the opinions of those analysts, but I will use these analyses as one of the factors in my reference to market trends. In the end, I will still rely on my own judgment!

I do not really believe in the analysis charts that are circulating or given from several trading groups, I am more confident with the price movements reflected on the graph and from the results of my own analysis is more accurate.

in order to trust chart analysts we should know the chart reading but basically, in a bear market, it is difficult to come to conclusions from any chart readings bear market volumes will be very low

Chart analysis brings many information about any coin and shows us its previous price movement etc which makes it easy for us to say something about it and making us to proceed for better decision. We can simply make decision on the bases of current price but a person unknown to the Bitcoin or any other coin will need to know about its potential and previous price movements so it is necessary to look for chart analysis.

I also do not really believe in such baseless analysis. but, I am more interested in the information available on cryptocurrency. sometimes it makes a lot of changes to crypto prices on the market.

I never trust chart analysis and i highly prefer to conduct my own research in order to determine if the current coin or ico i am interested to join is really profitable or not.

analysts are not always right, so you can listen to their opinion, but to draw conclusions and make decisions is the most

chart analysis of the market in my opinion is also important to predict market movements other than that the influence of the economy also determines market value

 
That depends on what site is the analysis came from . some sites nowadays provides a chart but they are mainly hoax or fake , they wont provide the actual flow of the coins from the past few days maybe because they want to miss lead the people to believe that cryptos are still in a good shape  .

But overall , depending on chart analysis alone isnt also guarantee that your predictions will come true because there were still other factors that can affect the price to move differently.

Yes, I believe because there is knowledge in technical analysis, and if you do not believe try to discuss with experts who understand technical analysis. This is like other exchanges because you have to have the knowledge to be able to bring in every profit.

For a long time it has been clear to me that the rules that are usually applied in traditional markets are not in any way applicable to the crypto market, as there seems to be a greater influence of rumors than fundamental or technical issues. That is why we continually see the so-called expert analysts fail again and again in their predictions, even though some of them have eventually succeeded, more due to the mere law of probability than to their supposed analytical capabilities.

Don't depend to anyone just use their analysis as your guide but never rely on that one alone. Its good that you know how to read charts on your own and you can prove that they are wrong or they just really want to hype you on that specific coin. Chart analysis is very reliable, learn how to done it well.

Thats what you should do! that is the function of your learning so that you can have your own choice not from the analysis of others people, you can make analysis from other people as your reference material but don't believe 100% and rely on those tips, just believe on your strategy

If you had a strategy in which you believe effective, you should stake on your strategy. But if you need some reference materials for further analysis you should some times refer to a chart, because you can refer the norms pattern which is good for analysis.

Its also like following our instincts. They can be true or tends to be the other way around, Nevertheless it's better to analyze it than to do actions without analysis , it will be riskier.

I believe in chart analysis because I've seen someone who analyzes bitcoin charts on YouTube, the analysis really happened because he used the correct theory, maybe if someone who doesn't know his theory to analyze bitcoin is worth not believing. but actually bitcoin market fluctuations cannot be analyzed from charts, because there are many factors that influence the rise and fall of bitcoin such as news circulating on the internet etc.

because market conditions keep changing I think you can't forever use the same pattern/strategy, strategies must be adjusted to
existing market conditions, that's why you should always do chart analysis to create new strategies and plans #imo

I also do not believe in these charts because these charts based on predictions and in my point of view predictions about bitcoin price is almost 100% wrong. We can observe the previous year’s predictions about 2018 and saw the price in this year. After that I dint believe in any prediction. I analyze the market by myself and take decision about my holdings.

Don't look chart analysis because the possible price is depends if they have more people who buy and sell their bitcoin with the common factor like halving and fake news can also cause to drop bitcoin price . But chart analysis is still helpful to us.

Not all the time because their analysis will sometimes go on the other way too. The more you trust on them, the more you will be disappointed with the results too when the results won't go with their analysis.

You can use these analysis charts for your data but not full and final. Many of the charts are also designed by the manipulators to misguide new investors to get their desired results. You should do your own technical and fundamental analysis about the current and future market trend. It will be better than depending upon these charts. Always look at the market cap. If it increase price will also increase otherwise fall.

Chart analysis is the reflection of what is happening in the market on the supply and demand of traders and investors. I do trust them and use them just to supplement other factors like news.

when I look at the analysis charts circulating in the media so that everyone can see it I will look at it and try to compare it with my analysis and after that I will measure the accuracy of the circulating analysis with the accuracy I have because I want to learn how These master traders make trading analysis so I can always make a profit.