Do you trust chart analysts?

[MCVXYZ]

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.

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...

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[AltheaHeart14]

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😊

[filharvey]

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 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.

[vasrasus]

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 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.

[ultraminer11]

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.

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

[Ghondronk]

I believe because by analyzing we know how bitcoin develops

[minexpuntcoin]

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

[ultraminer11]

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.

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

[JC btc]

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.

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.

[goaldigger]

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.

[samcrypto]

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

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.

[babygun]

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.

[removebeforeflight]

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.

[GoldenLad]

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 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.

[Barbarian]

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.

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.

[wuvdoll]

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.

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.

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

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.

[marcbitcoins]

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 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.

[omorfi]

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

[greenclub09]

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.

[BlinkLifeHippo]

I don't trust the same awsome buddy