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Author Topic: Do you trust chart analysts?  (Read 3204 times)
karanggatak
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May 25, 2018, 03:35:46 AM
 #261

I trust, chart analysis I usually use as a consideration to buy a coin or not, and also as an indicator where it is time I will buy and where I will sell, so far if we really use it efficiently and appropriately then we will get profit from the analysis chart we use.

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May 25, 2018, 03:50:43 AM
 #262

Graphical analyst is a technical analysis involving the use of graphs or technical indicators, to predict the direction of currency movement. We don't have to believe because graphics analyst himself there's actually a tool whose job is to summarize the development which takes place around the currency which helps us in analyzing the development of currency in the market.
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May 25, 2018, 04:22:10 AM
 #263

Supply and demand plus news moves the market however charting analysis will indicates the most appropriate time to buy or sell based on indicators and candlesticks formations thus it is mandatory or compulsory for a trader to be fully equipped with both technical and fundamental analysis

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May 25, 2018, 04:39:22 AM
 #264

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
Of course reading the chart is very important to make predictions on the price that will happen, a trader will see the chart of the rise and fall of prices to determine what to do. actually not only the chart that are important but all components in the market such as volume, price 24 hours before , and so forth. it is needed to make predictions and make choices..
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May 25, 2018, 07:58:38 AM
 #265

As far as it can't predict next week or two with even 50% of accuracy, I'm not into that. Crypto market has no objective rules basically, so you can't trust these charts blindly
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May 25, 2018, 08:06:54 AM
 #266

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
therefore with the analysis of the graph it can make it easier to monitor the increase and decrease in prices. and I believe with gr analysis...
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May 25, 2018, 12:11:21 PM
 #267

As far as it can't predict next week or two with even 50% of accuracy, I'm not into that. Crypto market has no objective rules basically, so you can't trust these charts blindly

charts are only a reference that records the past movements of cryptos and they dont predict any future or incoming flow but i must say that i do trust them because charts do not lie and they are verry accurate when it comes to the history of cryptocurrency.

However i do not trust charts that do an advance predictions because i still beleieve that cryptos are unpredictable and no one can predict their overall outcome .
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May 25, 2018, 12:45:54 PM
 #268

As far as it can't predict next week or two with even 50% of accuracy, I'm not into that. Crypto market has no objective rules basically, so you can't trust these charts blindly
Well If you can see thorough the graphics can give you visions not just the 50% but 80% that I see there,believing there depends on you dude well rules do not exist but some experts have gone through hard times to read the market from before the BTC value up to 1K and have passed 18K here many have done that.

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May 25, 2018, 01:01:04 PM
 #269

As far as it can't predict next week or two with even 50% of accuracy, I'm not into that. Crypto market has no objective rules basically, so you can't trust these charts blindly
Well If you can see thorough the graphics can give you visions not just the 50% but 80% that I see there,believing there depends on you dude well rules do not exist but some experts have gone through hard times to read the market from before the BTC value up to 1K and have passed 18K here many have done that.

I don't trust chart analysis alone, but I trust technical analysis in total especially when indicators are used. They are mathematical explanations to understand and read the market better.
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May 25, 2018, 01:39:31 PM
 #270

Chart analysis is I think an an accurate basis to know the possible future price of bitcoin. It is helpful because I think that it is a legitimate analysis that monitors the increase or decrease of the price of bitcoin. But as a trader, I don't totally rely on this one. I also observe the market of bitcoin especially the respond of people to cryptocurrency whether they support it or not.

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May 25, 2018, 01:45:31 PM
 #271

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 believe with chart analysis because graphical analysis uses accurate data required to support predictions, graphical analysis is based on existing data and facts, and it's helpful.

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June 08, 2018, 11:53:23 AM
 #272

Do you trust chart analysts?
I always look at the opinions of analysts that I trust during the day. I have my own experience of trading on forex, and comparing my opinion and opinions of analysts - I get the solution of which I adhere. But in any case, - whether you listen or trust the opinion of analysts, - you risk your personal money. But, why not trust the expert's opinion if it looks like the truth?
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June 08, 2018, 12:19:06 PM
 #273

Do you trust chart analysts?
I always look at the opinions of analysts that I trust during the day. I have my own experience of trading on forex, and comparing my opinion and opinions of analysts - I get the solution of which I adhere. But in any case, - whether you listen or trust the opinion of analysts, - you risk your personal money. But, why not trust the expert's opinion if it looks like the truth?

All of us have different speculations of where the market might go in the future. It would be better if you have an idea about charts if you think that it would be helpful for you. About trusting the TA experts, some of them are good in predicting where the price might go in the near future and some do fail but what is important is what is your stand to what they are saying.

I, myself, make their analysis as reference and know why they think that way because I am willing to learn if there are any info I can use to apply to my trading plan. I have my own strategy but I welcome the ideas of others too. I do not immediately buy the coin they are suggesting but I make it as reference to know what coin is trending at the moment and check the chart what price can I possibly enter if I think there is an opportunity.

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June 08, 2018, 01:50:23 PM
 #274

Crypto market is always volatile and the analysis like chart and other analysis are bit close to the price but cannot predict a correct price rise or dip. We need to gather news about the particular crypto with the chart analysis to predict whether there will be a dip or rise in the price of the particular crypto.

Chart analysis is an added advantage for traders I hope.

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June 08, 2018, 02:09:43 PM
 #275

Crypto market is always volatile and the analysis like chart and other analysis are bit close to the price but cannot predict a correct price rise or dip. We need to gather news about the particular crypto with the chart analysis to predict whether there will be a dip or rise in the price of the particular crypto.

Chart analysis is an added advantage for traders I hope.
Well, sometimes chart analysis only makes us better in terms of speculation. many people do that. but, they also see that potential from the information they get. so it will be very useful when there is information that you get about the coin.

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June 08, 2018, 02:17:35 PM
 #276

I do not trust it fully but I am using it as one of the helping guide with choosing a crypto currency that has a potential to grow. Usually I check the supply during ICO after reading the whitepaper.

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June 08, 2018, 03:41:30 PM
 #277

if we follow the chart technical analysis on the website bitcoinwisdom.com we can predict the market uptrend and downtrend but every time we cant exactly chart analysis work on bitcoin why because bitcoin market is more to one side market
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June 08, 2018, 03:52:00 PM
 #278

I do not trust them, to me it is just opinions, like I would say that bitcoin is going to come back to 20000 $ this year, this is my believe and it based on my own experience with crypto, they usually raise in the end of the year, so why this year should be different? The same story with chat analysts, that is just private opinions, some of which will come true and another simply will be forgotten. 
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June 08, 2018, 07:49:50 PM
 #279

I tend to trust charts and mathematical calculations. But when it comes to bitcoin I think usual analysises don't work, at all. Many of these chart analysts don't accept this fact. And I deny to follow their charts..

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June 09, 2018, 04:08:22 AM
 #280

Based on my experience I made several times the analysis chart, it can be said that the chart is not 100% accurate, it only helps to make decisions but never guarantee profit, so be wise.
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