Post
Topic
Board Trading Discussion
Re: Crypto Charts Are Garbage
by
jostorres
on 05/03/2020, 14:08:33 UTC
Anyone sick and tired of articles citing charts? I’ve been in stocks for 10 years and I know how to read them. Bitcoin/crypto isn’t candle based.
Some analysis I see don’t only rely on charts to make predictions on where the price is heading to. They make use of a lot of other factors and connect it together to determine where the price is really heading to. If you’re going to be relying on just chart you will keep getting it wrong and predictions most of the times wouldn’t be what is going to happen.

If you check analysis of the top ten cryptocurrencies on coin telegraph you will notice that it’s not just charts that are being used, there are other factors that are involved. Though when you combine all that it still doesn’t guarantee that your predictions are going to be hundred percent accurate.