Quote from: Lauri.co on Today at 10:43:52 AM

Quote from: heartbit.offical on September 27, 2023, 07:41:19 AM

Everyone knows that we can learn from the past to correct mistakes.
As a result, many economists attempt to predict the future through history.

We also have a known fact from the past.
The "Bitcoin halving" is correlated with price increases.

I'd like to pose a new question here.
What are your thoughts on using past charts(candlesticks) that similar current ongoing charts(candlesticks) to make price predictions?

When asked this question to many professors and investors, a common response is, "Candlesticks reflect the psychology of investors."

What are your thoughts on this matter?

There is no prediction that is 100% accurate, so the results of technical analysis will be subjective depending on how traders interpret price history which they then process into an entry signal. Actually, it is not a matter of trust but of possibility, in fact traders are very flexible to change the type of analysis used if it is not profitable enough

Technical analysis do not work like the way it used to work before in the market. It could take time for us to really make use of technical analysis but most time it might not work with all altcoins market. The altcoins market moves anyhow do we should not depend on it for us to make profits from the market. It is better we just buy and sell and use other tools for us to make profits from trading altcoins.
Any trade we are taking has it own risk so we have to be prepared for anything that would happen..