dharnamonitor
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★Bitvest.io★ Play Plinko or Invest!
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March 18, 2018, 10:05:46 AM |
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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.
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Barbarian
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March 25, 2018, 02:52:51 AM |
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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. 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. 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. |
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vasrasus
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March 25, 2018, 03:56:18 AM |
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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. 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. 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. |
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Dodoymabs
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March 25, 2018, 04:12:38 AM |
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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.
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. |
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liamnorthcoins
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March 25, 2018, 06:06:53 AM |
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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. 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. |
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Kim Ji Won
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March 25, 2018, 06:28:53 AM |
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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.
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Spain2000
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March 25, 2018, 07:08:33 AM |
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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.
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mia khalifa
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March 25, 2018, 07:36:12 AM |
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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.
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. |
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jmigdlc99
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March 25, 2018, 08:00:12 AM |
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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.
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0xacBBa937A57ecE1298B5d350f40C0Eb16eC5fA4B
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ToyotaFortuner
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March 25, 2018, 10:40:38 AM |
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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.
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. |
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andrei56
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March 25, 2018, 07:33:23 PM |
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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.
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. |
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wxxyrqa
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March 25, 2018, 07:39:13 PM |
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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.
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. |
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daarul50
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March 25, 2018, 08:14:02 PM |
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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.
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Dr.Osh
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March 26, 2018, 03:00:18 AM |
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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.
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aishyoo17
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March 26, 2018, 10:48:11 AM |
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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.
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imstillthebest
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March 26, 2018, 11:05:33 AM |
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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. |
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mriansa
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March 26, 2018, 11:17:07 AM |
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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.
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. |
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onebtcforlife
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March 26, 2018, 11:40:10 AM |
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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.
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. |
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Claudyah
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March 26, 2018, 12:48:13 PM |
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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.
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 |
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markdario112616
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March 26, 2018, 04:20:57 PM
Last edit: March 27, 2018, 01:27:09 AM by markdario112616 |
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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.
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