Post
Topic
Board Speculation
Re: Is it worth analyzing Bitcoin price chart? Well... Bitcoin will increase
by
DevilSlayer
on 09/01/2020, 04:36:53 UTC

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.