Help with Crypto Signals

[romiofficial]

Now I have been following Bitcoin since sometime now and even made decent profits. But recently I've been seeing so many people sharing Crypto Charts, and price movements. Boasting how they made big sum within short periods of time. I just wanted to know how accurate are those?

For example: https://www.tradingview.com/chart/BTC.D/uFk6Lzpt-Biggest-AltSeason-ever-loading-MyCryptoParadise-crypto-signals/

Can I trust these or should I do what other investors are doing and follow their lead?

Please do not mock my ignorance.

Thank you.

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[The Cryptovator]

A technical analyzer makes a chart from his experience and idea. It's just a possible movement, no one can say it will happen exactly what is showing in the chart. Sometimes a chart or a few signals would match or near miss. It doesn't mean always will happen. Bitcoin running its own way. You have to realize the movements as well beside follow the chart. If movements matching with the chart then good, otherwise you have to change your decision.

So better to follow the current trend and investor's movements rather than follow the TA chart blindly.

[Fesatmas]

Now I have been following Bitcoin since sometime now and even made decent profits. But recently I've been seeing so many people sharing Crypto Charts, and price movements. Boasting how they made big sum within short periods of time. I just wanted to know how accurate are those?

For example: https://www.tradingview.com/chart/BTC.D/uFk6Lzpt-Biggest-AltSeason-ever-loading-MyCryptoParadise-crypto-signals/

Actually there is nothing wrong with you want to know the charts and study them. anywhere and from any signal site. but the most important thing is that you don't take it for granted. rather you apply the acquired knowledge and you apply it directly to the trading charts. so don't believe it right away try learning to read the price movements yourself and it will be much better. rather than trusting other people's signals, and if it's not quite right, who is to blame?

[Akiko]

It's 50-50% chance accurate , I mean that chart is not always give a right signal and direction to your trade you may also experience lost even you are following them so don't put all your money in if you will just want to follow them . It's just a guide that can help other traders to see possible scenario.in that guide you will also have two possible movement ,not only the one to increase it's price check also the other one where it will bring down the market .

[Harlot]

Just always take their analysis with a grain of salt since there is really no 100% accurate analysis or at least one without any kind of bias/hidden agenda in mind. Also I don't consider the analysis in tradingview as dome kind of trading signal website because they are not one, I consider them as some kind of thought sharing website where you can confirm what they are trying to analyze and maybe debate on the different things you are seeing which could be a lot if you know technical analysis.

[Bitcoin_Arena]

You can listen and take note of what they say about the market movements but don't just follow them blindly. Learn how they use the different technical indicators and analyze the charts. This will help to learn Technical analysis and be an independent trader in the long run. I don't find if comfortable following and the putting money into something just be a certain trader said it

[nelson4lov]

~Snipped
Can I trust these or should I do what other investors are doing and follow their lead?
(....)

It is completely up to you to decide whether you want to trust other people's opinions and ideas about the market or not.  But I'd like to quickly point out that while everyone has their opinion of which direction the market would move next, it doesn't always go the way they expect or hope it should go.

It's not bad to checkout other people's ideas. If you so this for... Let's say a dozen traders and all of them are bullish, at least you can have a general idea of what other participants and traders are expecting. So it's still a good bet to read people's ideas. Additionally, when you go through people's TA ideas, you tend to learn a few things from time to time or get more clarity on certain tools and concepts.  However, it is recommended that one should not blindly follow other people's opinions and ideas.

[livingfree]

It's encouraging to see people boasting with the charts and the sum of profits they've made. But I always get the idea of doubting them first because it's quite dangerous if someone shows how much he had made through trading cryptocurrencies or with any markets. I mean, is that I don't show anyone how much I had on the paychecks. But if that's just out of being proud and happiness, they can do it as they pleases.

You can follow those people that you're seeing showing great results of their trades and that's much better if they do it freely. While being yourself, do as what you pleases too. If what makes you happy, productive and profitable is to follow your own decision, that's what you need to do.

[mk4]

Think about it:

If you had some accurate strategy that you could personally use to make huge amounts of profit, would you share it publicly, Potentially ruining the strategy?

[Wexnident]

Well, it's a matter of actually knowing what you're following instead of just blindly following. Don't be blinded by words that say that they just made 100% profit through this chart blah blah blah, you can use them as a reference but never, ever blindly follow a chart someone else made. And now that we're on that topic, since you're trying to study signals, you might as well learn how it works first and foremost before even looking at the charts of others, cause honestly, without said knowledge, you'd only be following their words, and not the chart itself, which runs contrary to what you really want to do.

Do remember that this is the internet, take everything you read with a pinch of salt.

[maydna]

I don't believe 100% of those crypto signals before I analyze them by myself, even if I don't have high skills in analyzing the market. You don't know if they really have the skills to analyze the crypto market, so you don't have to follow them. It is better to analyze by ourselves, even if in the end, we make a mistake, but you can get an important lesson from that which is you know what is wrong in your analysis so that you can make a better analysis in the future. Those crypto signals need you to pay for their services, so they can share their analysis with people who joined them. I prefer to use the money to trade and use my own skills because that is worth it for me.

[cryptoaddictchie]

It's hard to predict market movement. Even expert got some trouble when they thought their move is right but exactly happened the opposite. I am not saying follow the lead, sometime it turns into a fomo but technically if the market trends pointing that way then ride it up. You can feel if you are making a good choice or bad one. Im no expert on charting so I also refrain from checking other's people opinion. No one is 100% accurate with this so this kind of strategy is not bad to do. Well professionals maybe laughing but of course they are just confident but the truth is they can also got rekt anytime.

[Maus0728]

I've been seeing trading signals for a while now since I am currently studying on how to trade. Based on my observation though, these signals can actually give you a decent amount of profit if you can time your market order properly however it is not certain that it will work most of the time. Always assume that a technical analysis is not right until the market proves them right..

I've been following a community of traders who randomly drops their T.A for free depending on what crypto asset they are currently trading and since I am studying on my own, most of the time I complement their charts to my own T.A to get at least have an idea whether my analysis is right or wrong. I think that's the most important concept you have to apply to measure whether your studying the chart correctly or not.

[xSkylarx]

For example: https://www.tradingview.com/chart/BTC.D/uFk6Lzpt-Biggest-AltSeason-ever-loading-MyCryptoParadise-crypto-signals/

Can I trust these or should I do what other investors are doing and follow their lead?

This is just a prediction and it's up to you if you would trust them. Just remember that don't blame anyone if their prediction didn't happen and you lose money because you followed them. If you're really serious to do trading, it's better to learn it yourself. That way you can also improve by learning from your mistakes.

[imstillthebest]

boasting is already a sign of being dishonest and you if you end up with this conclusion after looking at them why would you still doubt on following them .

whats not good is that they are diverting your attention to altcoin and we all know that altcoins are not that healthy on the current trend but its the btc that are best for pick ups and you are earning good with btc , just be contented with what you have if you dont want to end up loosing .

[VanityWallets2015]

Don't worry no one will mock anyone this is a forum and could be a good source of good information only few people are very arrogant about mocking other users who wanted to learn here. Well we are not quite sure about that personally I do sometimes check others signals and see for myself if they could possibly happen there are times that they are good and there are times that it doesn't.

[sarmrakib]

Now I have been following Bitcoin since sometime now and even made decent profits. But recently I've been seeing so many people sharing Crypto Charts, and price movements. Boasting how they made big sum within short periods of time. I just wanted to know how accurate are those?

For example: https://www.tradingview.com/chart/BTC.D/uFk6Lzpt-Biggest-AltSeason-ever-loading-MyCryptoParadise-crypto-signals/

Actually there is nothing wrong with you want to know the charts and study them. anywhere and from any signal site. but the most important thing is that you don't take it for granted. rather you apply the acquired knowledge and you apply it directly to the trading charts. so don't believe it right away try learning to read the price movements yourself and it will be much better. rather than trusting other people's signals, and if it's not quite right, who is to blame?

I also wanna suggest to learn it cause it is the only way that you can do better .It will be so tough to follow the signal and how can you be so sure to other signal he can make loose and also you can loose your valuable asset .So that i wanna suggest as i always do plz do study and spend more time to the market hopefully you will get a huge experience .

[perla]

I think you can see their previous predictions right? Maybe you could base on those look at their predictions before and look how accurate they are the more accurate they are the better they are that's sometimes what I do.

[Sterbens]

Now I have been following Bitcoin since sometime now and even made decent profits.

If you feel like you know and have made a profit, then you begin to understand how the trading chart looks. sometimes what the analyzer does with your trading conditions will not be the same. Therefore you only need to re-mature the right strategy with your trading habits, for example day trading. then you will be presented with a graph at a moment's notice. Do you have time to take a peek at other people's analyzes? not. because your trade duration is short.

[Akiko]

I think you can see their previous predictions right? Maybe you could base on those look at their predictions before and look how accurate they are the more accurate they are the better they are that's sometimes what I do.

You cannot find a 100% accurate prediction, it's just a guide that can help you to see the future trend , but you can't trust that analysis fully . This is the reason why you need to learn it by your own so you can judge by your self if you can trust your own prediction.  If I were the OP I will learn technical analysis by my self even it's paid or for free from your friends as long as you will learn it so you don't need to follow other signals anymore.