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?

 

[Stardom22]

As of me being novice on the crypto ventures, l am still yet to study about the charts and it's behaviour most especially on the effect of the crypto prices.

 

[kit_hung]

Honestly, someone who understands crypto charts in depth can often make a profit. But that is not a ninety percent guarantee every time.

Charts show price trends and give you clues about what might happen. You can use indicators like moving averages and volume to solve the mystery of the market.

But remember that the crypto market has many contributing factors. It is not only charts that determine prices. You have political news, social media and even people's emotions.

Patience eats ripe fruit. Study the charts well and have a good trading plan. Don't be in a hurry to make decisions without careful analysis. Even the strongest hunter never stops hunting.

 

[Suba]

Crypto charts are not a tool for predicting crypto prices accurately, but they will help you, both as an investor and a trader, identify trends and get signals for short-term or long-term movements. In addition, you can also use various indicators and charts (patterns) such as MA<RSI, Bollinger bands, support and resistance levels, or you can also use trend lines.

 

[Fire&Rain]

Charts don’t predict the future, they just reflect past price movements. Traders study them to guess possible directions, but no one can be right all the time. Even with deep knowledge, sudden news or market emotion can change everything. Charts are useful tools, not magic forecasts