Is it meaningful of analyzing charts?
I've invested cryptocurrencies and stocks during the last 5 years. In my experience, there ain't a lot of cases that I made profits through analayzing charts. While I drew support and resistance lines and marked EMA, Bolinger band and so on, it was not helpful 😅
However, it was helpful that trading based on long cycle in terms of massive cycle. When I analyzed Bitcoin charts in the whole period, the cycle was 4 years in average. Some of you guys may have already heard the SF2 model.
Stock market is 12 years in average.
My cases that I made profits were commonly to continuously buy cryptocurrencies. The principle is simple! It's cost averaging effect! The trend of QE(Quantitive Easing) was helpful for enhancing and expanding most markets.
If you try to trade with a massive view, it will be helpful for making profits, even you are a newbie.
Nice! I'm going to assume this is good because my knowledge of these words is very low!
Thank you 😊
The trend is your best friend!
Exactly 🤣
Interesting, thank you
Thank you 😊
It is pretty difficult to advocate a foolproof system for trading cryptos/stocks! More often than not, it is Cheer probability that plays out; nevertheless , continous buying MUST pay off in the long run!
But how many players have the financial wherewithal to sustain continous buying?? Very few indeed, except @joeypark!
Right, it's hard to keep continuous buying indeed.
To the question in your title, my Magic 8-Ball says:
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