Chart may help you predict when the next bitcoin rally is coming

[dothebeats]

It does, at some times help us predict what sort of movement is waiting for us in the short-term future but it does not necessarily predict what exactly is going to happen by then. I consider reading charts more of a noise rather than a signal since it only makes you think more of patterns and rely too much on them without considering more of the other important factors such as volume and price. Also in highly volatile markets such as bitcoin, it's definitely not applicable at all times to use charts as we've seen with experts predicting the short-term future and ultimately failing.

[Slow death]

How much do you use charts or information like this to predict the bitcoin market?

I think your question should be:

How many threads have you seen someone show charts predicting the prices and this forecast is correct? How many sites have you seen that make correct charts? Make no mistake about these analyzes that do because they fail too much. Just buy and hold for a long time that with this you do not need to look at charts that do not bring benefits

using charts is good and it works fine...

I do not see them working.

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, TRON: Price Analysis, Nov. 7



What are the chances of being right? I am of the opinion that is not right and I should not believe this chart

[liuqi]

https://www.marketwatch.com/story/this-chart-may-help-you-predict-when-the-next-bitcoin-rally-is-coming-2018-11-02
"The chart is the price of bitcoin BTCUSD, +0.29%  with plots that indicate when what is known as bitcoin mining difficulty growth turns negative. This happens when the difficulty — a mathematical target set by the protocol — is higher than the random probability a miner has of solving the complex problems to validate transactions on the blockchain."

How much do you use charts or information like this to predict the bitcoin market?

I don't recommend to chart prediction because last five years chart was little matching similarly. But this year chart prediction is totally useless because no one is expect this much dump in crypto market so we just wait and see the future result because Bitcoin growth is undetermined in this year.