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Author Topic: Do you trust chart analysts?  (Read 3204 times)
adefirman98
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September 02, 2018, 06:18:17 PM
 #321

before I trade crypto, I have been trading forex. I think chart analyst is a little too petrified in terms of crypto trading, yes no doubt indeed, supply and demand   are the main thing.
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September 05, 2018, 07:20:32 AM
 #322

first when I was a new player and did not know the right time to buy and sell coins, I still believed in chart analysts, but after I had a lot of experience, I became less confident in my chart analysts, more confident in my personal observations.
Ground realities are important. For example we know that bitcoin is the first crypto currency of the world and now the people trend is changing because of the increasing activities and shortage of time. People now like to do online shopping which they consider more easy and comfortable so we have to accept and realize the importance of that trend which in now increasing from time to time.
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September 05, 2018, 08:04:50 AM
 #323

cryptocurrency markets are  young and very less turnover in terms of market capitalization so we can see market prediction in these markets may nt be accurate
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September 05, 2018, 08:37:45 AM
 #324

Most of the experience traders will always look out for charts to guess what is the price going to be in coming days, based on that they will predict them in the market. Experience trader will always watch for charts to get profit through the trading.

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September 05, 2018, 10:15:49 AM
 #325

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.
don't waste your time with that kind of thing, it's just a speculation that people do, you and also me can also make such speculations. never believe in predictions. bitcoin can never be predicted even by its makers.
This is not correct, the developers could easily earn a fortune since they know the development state of bitcoin better than anyone, so whenever the lightning network is ready if they just bought all the bitcoin they could before announcing it then they will earn money as the market skyrockets thanks to the incredible news, in the regular markets that is illegal but I do not know the status of those actions in an unregulated market like this one.
The point is if bitcoin price can't be predicted, of course traders have a small chance of profit, they don't need to do analysis and
research and of course everything will depend on luck to profit and trading will be the same as gambling lol...
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September 05, 2018, 10:37:09 AM
 #326

to see price movements, we have to look at and analyze charts from the market, so from there we will know and predict the movement of coins, whether it will be profitable or not
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September 06, 2018, 08:33:11 PM
 #327

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.
don't waste your time with that kind of thing, it's just a speculation that people do, you and also me can also make such speculations. never believe in predictions. bitcoin can never be predicted even by its makers.
This is not correct, the developers could easily earn a fortune since they know the development state of bitcoin better than anyone, so whenever the lightning network is ready if they just bought all the bitcoin they could before announcing it then they will earn money as the market skyrockets thanks to the incredible news, in the regular markets that is illegal but I do not know the status of those actions in an unregulated market like this one.
The point is if bitcoin price can't be predicted, of course traders have a small chance of profit, they don't need to do analysis and
research and of course everything will depend on luck to profit and trading will be the same as gambling lol...
And my point is that under the right circumstances the price of bitcoin can be predicted and I just gave an example in my previous post, it is obvious that such a thing its impossible for people like us that do not have that kind of insider information but that doesn't mean that is not possible, but for the rest of us the best strategy is to just hold our coins since those kind of predictions are beyond us.
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September 07, 2018, 11:45:18 AM
 #328

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.
Which kind of supply & demand you mention about?
About the news, yes it has a big influence to move the trend on the market, with this trend, supply or demand will occur according to the movement of the news coming.
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September 07, 2018, 01:38:42 PM
 #329

I think, analysis charts can be our consideration for predicting prices so I believe in chart analysis and of course demand and supply are also very influential with the price of coins
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September 07, 2018, 02:58:51 PM
 #330

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 only trust chart analysis depending on the site i am looking because there are some market with inaccurate data so i prefer using coinmarketcap because it was highly trusted by everyone.

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September 07, 2018, 05:58:57 PM
 #331

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 only trust chart analysis depending on the site i am looking because there are some market with inaccurate data so i prefer using coinmarketcap because it was highly trusted by everyone.

Well trust would be a broad term but i do sometimes if it seems to have been made with sense. But it's different to depend on them. Still a lot better to keep yourself informed and educated with what's going on in the market.

 
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September 07, 2018, 10:58:30 PM
 #332

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.

In my own opinion there is no accurate prediction on cryptocurrency and that is the reason we should always be patient about the market and keep on holding our coins today.
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September 13, 2018, 04:02:29 PM
 #333

I don't fully trusts chart analysts though some of their analysis will have a positive result. Most of the time, i just follow what the recent trends are and looking how the market behaves particularly on a certain crypto, you can already make your own analysis out of that.
That's true because chart is a chart and when it comes to market anytime a good news or fud will spread and the charts and indicators will be useless, that's my observation to chart well i am also doing chart analysis but for short time period predictions only as per 4hrs movements.

Bitcoins does not follow chart with 100 accuracy. As you can see price is move up and down based on news and not on charts speculation. Another reason is Bitmex manipulation which is causing bitcoin price unexpected movements. I will recommended everyone to follow charts plus the news for their analysis on bitcoins.

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September 13, 2018, 05:43:43 PM
 #334

Believe it or not, I think graph analysis is quite helpful as a price reference from before, even though it's not entirely true, at least we have an analysis.
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September 14, 2018, 04:36:38 AM
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 #335

I do not fully believe in chart analysts, but I made it one of the many sources to be used as a reference for predicting bitcoin prices, but it is indeed quite difficult to predict the price of bitcoin on the market.
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September 14, 2018, 06:55:04 AM
 #336

I do not fully believe in chart analysts, but I made it one of the many sources to be used as a reference for predicting bitcoin prices, but it is indeed quite difficult to predict the price of bitcoin on the market.
Well, I sometimes doubt this, but I like to see it. sometimes I always match that with existing data. well, but basically I trust more precise information, because it can sometimes really make crypto prices go up, or down.
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September 14, 2018, 07:04:09 AM
 #337

I still believe they, but only a little bit, i think the price of Bitcoin is mainly affecting by news, the chart analyst is just icing on the cake,and maybe some of they just cheater.

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September 14, 2018, 07:10:00 AM
 #338

in my opinion, analysis charts are important because we can predict prices based on the chart, but of course there are other factors that also affect price changes so we must be able to analyze several factors including current economic conditions
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September 14, 2018, 08:32:59 AM
 #339

in my opinion, analysis charts are important because we can predict prices based on the chart, but of course there are other factors that also affect price changes so we must be able to analyze several factors including current economic conditions
It will varies on different view of those who analyze it. Differ and differ that will make the market more difficult to understand,we know its important but what decision to do next matters.

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September 14, 2018, 09:03:27 AM
 #340

I will not fully believe the opinions of those analysts, but I will use these analyses as one of the factors in my reference to market trends. In the end, I will still rely on my own judgment!
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