Bitcoin Forum

 
I'm a bit surprised on BTCiTrade indications.  Seems like it's acting pretty accurate as things are going right now..??  Is this something to really keep an eye on, do you think..??

Try it out with some disposable cash, like $10 and see if there will be any meaningful profits ( I highly doubt if you will). Such tools never always work well otherwise if it was that profitable then what would be the point of publishing all the information publically, yet they could make insane profits behind the scenes?

My plan is actually to do this with quite a bit more than just that tiny amount -  Just waiting for an event of a possibly up coming typical correction first now...  :)

I do not think it is accurate. If you are talking about ---> https://www.btcitrade.com/, the site relies on short-term moving averages for 3 weeks, 2 weeks, 1 week, and so on. This reliance will not be accurate in the long term because it gives a higher value to the short-term variables in exchange for lower values for long term variables.
Meaning that this tool is now accurate, but it fails to predict market trends because it monitors a very short range.

Yes, its not having the crystal bowl certain future calls for sure. I surely do agree upon that one!  ;)

I really don't understand what is being shown, and what is the basis for us to follow it. I think it just queries per 20 minutes and compares the average weekly prices and displays the comparison results. The appearance is very simple and seems unprofessional. The data displays all result, and there are still some errors in the first few result. I think this will not work for trading. Instead of being surprised by useless websites like this, you should try to learn on your own from YouTube or other reading material. If you really make money by following the analysis results of this useless website, please show proof with photos or videos. Don't waste your time on useless posts like this.