chart reading and prediction

[Silberman]

everyone on twitter, insta reel and youtube is making prediction related to different cryptos based on chart lines. Do you still believe these chart reading?

The question is, can you read the chart when you are on an exchange site platform? Because if you don't know or have no idea how to understand it, it's obvious that you're either a newbie or you're just basing your trading income on guesswork and luck. In short, you're just pretending to be a trader just to make others think you're a crypto trader. That's how it used to be for me.

But do you know that an individual trader who enters crypto trading must be able to read? For that to happen, you must first learn the basics of trading and also know at least some of the tools here, because this is what we will use to identify the direction in which the price of a crypto that we want to trade is likely to go.

The knowledge most traders have about trading in general is too shallow, lets look a one of the most simple indicators that exist, the simple moving average, also known as SMA, many traders use this indicator, but do they truly understand it? Do they know how it is calculated? Can they calculate it by hand? What is supposed to indicate? How it can be used with other indicators to produce accurate signals? What other indicators use the SMA as part of their own formulas? Very few people can answer those questions, and with this in mind it is not really surprising those people get poor results.

[justdimin]

Now is a safe time to make predictions to the upside. It's safe in the sense that we're in expectation of a bull rally occasioned by the incoming Bitcoin halving next year. Many influencers cum analysts are capitalising on this to put up figures. They will be right, eventually. It's not a bad thing to FOMO, just like it isn't to also FUD. However, one thing should be taken into cognizance and that's not to follow anyone's prediction blindly. Everyone should figure out what level they will exit after investing now. It's uptrend for Bitcoin. Don't be deterred by whatever dip you see now. It's minor price correction.

It's true that it looks like we are going to end up with some good results and it should be important to realize that you are going to end up making profits if you end up buying right now. Plenty of people are still waiting, and I do not get that idea, you do not have to see it going super high before you buy, that would be quite late and you shouldn2t do that, you should be buying right now so that you could profit when it  goes super high.

I know that market doesn't work that way and in order to go from 50k to 100k, we need people buying at 99k to take it to 100k, so that means we need people buying at the top as well, or at least near the peak. However, we do not have to let it be under 30k right now neither.

It's true that buying right now should be providing some decent profits to people, but I think not everyone is ready just yet. We need to let them be for a while and they could do a lot better on the long run, it could end up with something that should be profitable to them if they know what they are doing.

I get that life is not all that simple but we can't just let people make decisions based on what we think, it's our thoughts and they have their own and if they think that they are going to profit a lot more by waiting and seeing it move first then we should let them do that. I agree that the market needs people who buy at the top as well, so we need those people and if they are fine that way then let them do what they want to do.

[gunhell16]

everyone on twitter, insta reel and youtube is making prediction related to different cryptos based on chart lines. Do you still believe these chart reading?

The question is, can you read the chart when you are on an exchange site platform? Because if you don't know or have no idea how to understand it, it's obvious that you're either a newbie or you're just basing your trading income on guesswork and luck. In short, you're just pretending to be a trader just to make others think you're a crypto trader. That's how it used to be for me.

But do you know that an individual trader who enters crypto trading must be able to read? For that to happen, you must first learn the basics of trading and also know at least some of the tools here, because this is what we will use to identify the direction in which the price of a crypto that we want to trade is likely to go.

The knowledge most traders have about trading in general is too shallow, lets look a one of the most simple indicators that exist, the simple moving average, also known as SMA, many traders use this indicator, but do they truly understand it? Do they know how it is calculated? Can they calculate it by hand? What is supposed to indicate? How it can be used with other indicators to produce accurate signals? What other indicators use the SMA as part of their own formulas? Very few people can answer those questions, and with this in mind it is not really surprising those people get poor results.

These questions you mentioned are mostly newbies or even if they are not newbies, they still don't know the questions you said. Because others thought that this is how Bitcoin trading is done in this field of industry, actually.

Basic things that they should have known first, but because they are in a hurry to get income, they always end up losing and making useless hasty decisions. They didn't think that before they can drive a car, they must first know the basics, what is the basic so they can drive a car, first they must have a license, and once they have it, they must know how to drive or the car will move forward. First, safety must be first, wear the seatbelt, start the car with the key, know how to use the parts in the car, the same should be done in trading, you also need to know how to use the tool indicators to predict the direction the price will go. value when they trade.