Is it worth analyzing Bitcoin price chart? Well... Bitcoin will increase

[Wintersoldier]

Yeah. As i said in the subject, is it really worth it?

I mean is it really worth learning how to read its chart?

Btw, What is insurance trading on Bispex exchange? It sounds complicated and quite new concept applied to exchange.

I do really having a hard time before to predict market price using analyzation of the charts from new altcoins to some complex cryptocurrencies already there. Though, one thing I have concluded is that, analyzing charts is best for the short term prediction of a cryptocurrency, those that aren't having most of the hypes and news for its market price to change. Such as altcoins, because most of the time, bitcoin is relying on whales that control the market based from worldwide news around the world that greatly influences their buying and selling behavior.

[1714155936]

1714155936

[1714155936]

1714155936

[CarnagexD]

Yeah. As i said in the subject, is it really worth it?

I mean is it really worth learning how to read its chart?

Btw, What is insurance trading on Bispex exchange? It sounds complicated and quite new concept applied to exchange.

Yes my friend, don't mistake bitcoin's volatility as futility of the price charts and growth trends over time. We can still make a viable assumption or inference by reading the charts provided that we have the basic knowledge of it. Bitcoin's price follows a trend just like any goods and if we are able to at least grasp some knowledge I can confirm that we'll have valuable information which we can use for future decisions.

[pixie85]

It's an easy skill to learn and learning something new is always good for you. Are fib lines and all that useful? Probably not to most people because there's so many indicators that most traders only choose the 2 or 3 that work for them.

An analysis based on something like trend lines and drawing flags and pennants can have a different result than one based on harmonic patterns.

Bitcoin is so volatile and full of manipulators that you can drop all that analysis and do something else with your time.

[boyptc]

Yeah. As i said in the subject, is it really worth it?

I mean is it really worth learning how to read its chart?

It's worth so that you won't be depending on other technical analysis. And if you have knowledge with it, you have the background and are aware of the possible next movement of bitcoin.

But always think that whether you're good with reading charts, nothing beats bitcoin being unpredictable.

yeah chart one of the initial capital that must be owned by a trader, of course traders will be easier to analyze and practice trading systems according to their style because there are many chart patterns so it depends on how good you are at reading it.

And it can be studied and learned.

Not every trading expert didn't came out with their expertise overnight but it takes time to read so it's your choice OP if you will choose to focus and take time for it.

[Asmonist]

Of course its worth it. The bitcoin price chart is very accesible for us to know the daily or weekly or monthly price movement. In this way we will be able to decide and have our own predictions for our decision making especially in trading. It also helps us to know the trend of prices each day and we'll able to compare it weekly or monthly or yearly. It is like a monitoring chart.

[Periodik]

Yeah. As i said in the subject, is it really worth it?

I mean is it really worth learning how to read its chart?

Btw, What is insurance trading on Bispex exchange? It sounds complicated and quite new concept applied to exchange.

It is worth it if you want to make some profit by trading on a daily basis. You need the skills to read charts if you are a trader. If you are trading without such skills you are like a blind man trying to catch fish. You will surely end up with nothing.

But if you are not interested in analyzing price charts, you should shift to simple hodling. That does not ask much from you. All you have to have is patience.

Most of the traders are relying on chart reading for their daily trades but of course they are still considering a lot of factors before they will finally conclude when is the time to buy and when is the time to sell, yeah patience is very needed for this, as the market is sometimes unpredictable and hard to read.

The price are unpredictable if you will not use any kinds of analysis. Using technical analysis can help us to forecast the price of the bitcoin, I'm one of those traders who are relying on chart and price action. It is important to rely on chart because chart doesn't lie and it can help us to determine the right time to buy and sell. Having technical analysis skill can help us to improve our knowledge and trading skills.

If you are a trader, it is not an option to study charting or not. It is a must. How will a trader decide on his calls if he does not have anything to back it up? But make no mistake, the price has been, is, and will always be unpredictable. But charting will at least guide a trader in his decisions. Without that, he is just, again, blind.

[BlackFor3st]

Yeah. As i said in the subject, is it really worth it?

I mean is it really worth learning how to read its chart?

Btw, What is insurance trading on Bispex exchange? It sounds complicated and quite new concept applied to exchange.

If you want to become a professional trader someday then you really need to know how to analyze bitcoin price chart as it is part of your daily,weekly,monthly or even yearly activity.

But for those long term investors, reading it is not that necessary as they can just peak the price of their assets anytime they like so there is no big pressure to the long term investors unlike in trader. I am not really familiar with bispex exchange and I will not waste my time digging about it as it is very obvious that you are only promoting it.

[ecnalubma]

Btw, What is insurance trading on Bispex exchange? It sounds complicated and quite new concept applied to exchange.

Well it sounds like your inserting promotion obviously. I bet nobody here know about Bispex.

Yeah. As i said in the subject, is it really worth it?

I mean is it really worth learning how to read its chart?

But to answer your question if charts can benefit traders then I really think so that it helps a lot of traders read the market and its one way to gather hints of markets possible future movements.

[Pamadar]

Of course its worth it. The bitcoin price chart is very accesible for us to know the daily or weekly or monthly price movement. In this way we will be able to decide and have our own predictions for our decision making especially in trading. It also helps us to know the trend of prices each day and we'll able to compare it weekly or monthly or yearly. It is like a monitoring chart.

You can use this information when trying to based your decision, reviewing the last market movement can be trace out using charts. You can speculate for your next position or if youa re holding your assets you can also try to set up your goals with the help of price chart to anticipate best outcome for your investment. Maximizing every information will suit you up to success.

[grigednet]

There are Forex or stock DAY traders, swing traders, relying mostly on technical analysis.  It has been shown that a small minority of them achieve a net gain over time.  Like poker, the only real skill required is to think slightly ahead of most others. 

WIth BTC, most traders and investors have no idea what has caused exponential appreciation.  They give up on trying to figure that out, and all that remains is technical analysis.  Technical analysis is ultimately just formulaically assessing social psychology.  As time goes on, bubbles, pumps, dumps, and other 'FOMO' behavior has become smaller and smaller.

I suspect that in recent years some whales have agreed to make random or pseudo-random market shifts.  Until then, fundamental analysis, and the understanding that BTC absolutely has an intrinsic value, despite it being a currency, predicted most of the shifts.

I couldn't help but notice how many posters wrote "Yes, you should know technical analysis" instead of "I have made a LOT of money using technical analysis".  There's no question that the guru's that teach it make tons of money via add support or selling memberships and courses.

[alexsandria]

Yeah. As i said in the subject, is it really worth it?

I mean is it really worth learning how to read its chart?

Having no clue at all is the worst thing you could do. Decisions made with just an assumption without any form of analysis will lead you to the unfortunate cases. You have to be at least aware of chart prior to dealing up with a certain decisions, so yes, it matters it may sound so tiring, and complicated but it plays a vital role to avoid further loss.

[Febo]

Yeah. As i said in the subject, is it really worth it?

I mean is it really worth learning how to read its chart?

It is worth if you are a trader. For the rest is not worth. We just stare at them and that is it.
If you plan to trade you simply learn how to read charts. There are gazillion courses on internet about trading. weed out some good ones. Ofcourse it will take some time to learn. Crypto is much easier then trading other things so you will have more success are people that trade other things.

[cryptoangel]

Yeah. As i said in the subject, is it really worth it?

I mean is it really worth learning how to read its chart?

It is worth if you are a trader. For the rest is not worth. We just stare at them and that is it.
If you plan to trade you simply learn how to read charts. There are gazillion courses on internet about trading. weed out some good ones. Ofcourse it will take some time to learn. Crypto is much easier then trading other things so you will have more success are people that trade other things.

The current economy we learn faster in crypto so obviously charts are guide the each trading. But reality everyone expect the quick profit in any platform so it is hard learn crypto also and we make good profit on long term investment. My suggestion is playing similarly is the best guide for any platform so try some small scale trading is good move for current traffic. Bitcoin is forever trustable platform so we make some profit on later.

[Wexlike]

Yeah. As i said in the subject, is it really worth it?

I mean is it really worth learning how to read its chart?

It is worth if you are a trader. For the rest is not worth. We just stare at them and that is it.
If you plan to trade you simply learn how to read charts. There are gazillion courses on internet about trading. weed out some good ones. Ofcourse it will take some time to learn. Crypto is much easier then trading other things so you will have more success are people that trade other things.

Crypto is easier to trade because many Noobs just started investing. So it's easy to manipulate them to buy/sell in a bad spot. However this changed in the last year and the price is much more unpredictable with hard chop trading to push the longs and shorts out of position (=the bart head charting).

But why trade when the upside of just holding is so bright and there is still so much place to naturally growth ?