Quote from: harbs23 on June 17, 2018, 02:17:03 PM

Quote from: Melomory on February 13, 2018, 10:58:36 PM

Do you believe in the reliability of information obtained by technical analysis on crypto-currency market?

Technical analysis are good when it comes to stock market, and also you may apply this in crypto in some parts but not recommended to rely this information to compared the charts of each other. in this case you need to know every indicators so you have more backup strategies if your technique doesn't work.

Right. I've seen charts this 2018 coming from a lot of so called "expert" technical analysts and chart readers and by far, most of their predictions are way off. I mean yeah you can look at the past movements and base your analyses there but it's probably less than 50% of the time that you'll get a decent or close hit. I don't have anything against technical analysis and i'd admit it may have given some people fortunes but most of the time, bitcoin simply doesn't follow that.