Do you trust chart analysts?

[illnino]

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.

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.

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[mosbyhimym]

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.

[wack slacker]

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.

[Kodok Bencot]

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.

[JTEN18]

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.

[Mbah Djoko]

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.

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.

[hygroscopicgymnasium3]

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

[TERA2]

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

[vasrasus]

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?

[Don Pedro Dinero]

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.

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.

[yg10]

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.

[denny27]

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.

[JMD07]

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.

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.

[susuberuang]

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.

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.

[gabmen]

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.

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.

[bitChipper]

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.

[Dr.Osh]

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.

[volcanofetusK]

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

[playerbtc]

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

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

[Victorycoin]

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 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!