Does charts on crypto show where the prices would go in the short term and later?

[King Belieal]

Someone told me that anyone that understands deeply the variables in crypto chart and how they work would make profits 90% of the times they trade crypto.

How true is that? Does the crypto charts give a clue on what would happen to the prices in the crypto market?

 

[Suba]

Basically, crypto charts are visual representations of crypto data, so traders can use them as price movement analysis over time, and you can also make decisions when to buy and sell crypto. There is no guarantee that you can make a profit if your analysis is wrong then you will lose.

 

[Kross]

Analysis on crypto charts still need to be supported by other factors for you to say that it can help you to make profits in crypto.

 

[Passionate-writer]

Just looking at charts and trying to make a prediction won't make a person a successful trader. Trading is far much more complex than many people think. Using indicators alone won't help either. You have to create a great strategy.

 

[Fidelia]

Understanding charts would help you to know the prevailing pattern. It could help you with decision making. But it is not what is entirely needed to trade crypto successfully.