Charts Don't Lie, But Do They?

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#1Aug 14, 2019, 05:27 AM
People seem to ignore the charts with altcoins. Everyone was hoping for a year-end rally, but the charts told a different story. Total 3 has lost the 50MA on the weekly, and to me that's a huge red flag. If you're holding onto altcoins for 2026, good luck with that. I've been burned before by ignoring the obvious.
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nick.chadSenior Member
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#2Aug 14, 2019, 06:35 AM
It's all about the specific altcoin you pick. Long-term investing means you gotta look at the charts from the past and future. But let's be real, charts don’t separate winners from losers. Some traders hit it big without even looking at charts while others study them and still fail.
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#3Aug 14, 2019, 08:29 AM
Totally agree on the altcoins. They could easily drop another 90%. With so many new coins popping up daily, people just rotate and abandon previous ones. And about Bitcoin, Microstrategy's situation worries me. If their asset value drops too low, it could signal a bear market and altcoins would get wrecked.
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greg2015Legendary
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#4Aug 14, 2019, 02:43 PM
You're being harsh, but that's good. People are still clinging to the idea that their alts will pump just because a bull run might end. It's nice to hope, but reality check: many altcoins will crash and disappear. Not every alt will give you those massive profits like some dream.
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0xChainLegendary
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#5Aug 14, 2019, 04:33 PM
Charts have their signals, but they mean nothing without new money flowing in. In 2025, during fear, people will flock to safer assets like gold and Bitcoin, and not altcoins. Even if TOTAL3 looks bullish, it's not gonna help altcoins if fear rules.
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alpha_minerFull Member
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#6Aug 14, 2019, 08:15 PM
Exactly, without new liquidity, technical signals are useless. Traders are moving towards safer assets, and big investments flow into those. I see people wanting to trade quality, not hype. TOTAL3 might look good, but without demand, it's just charts.
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mr_defiMember
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#7Aug 14, 2019, 10:17 PM
I don’t hold any altcoins myself, but regulation is needed. One piece of news can wreck a coin’s value. Charts can't predict market reactions when manipulation is involved. Crypto, like other assets, can be easily influenced by well-known individuals.
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#8Aug 14, 2019, 11:53 PM
There are still claims that 2026 will be different, and that bear markets won't exist. But honestly, that sounds like previous cycles' false hopes. I trust the charts showing an overall bearish trend right now. Altcoins are easily manipulated, so caution is key.
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#9Aug 15, 2019, 12:31 AM
My buddy was waiting for an altcoin rally, but now he's just disappointed. Year’s almost over, and no price surge. He could've sold when he was in profit, but he believed the hype. Most altcoins are manipulated junk that you need a lot of luck to profit from.
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max365Newbie
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#10Aug 15, 2019, 04:42 AM
Investing in utility coins might be safer; they’re less likely to disappear. It's key to pick the right altcoin if you're thinking long-term. Too many people jump in because of hype and end up with scam coins.
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bull2011Member
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#11Aug 15, 2019, 07:07 AM
Charts are just predictions, not facts. You can twist them to support any narrative you want. It all depends on how you look at them. I predict a long-term bear market has started, and not many altcoins will escape it.
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#12Aug 15, 2019, 09:40 AM
Altcoins are pretty unpredictable; charts get tossed aside. Lots of them are pump and dump schemes. You might not see any recovery until they hit zero. Holding altcoins feels like gambling; only invest what you can afford to lose.
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coldcoinNewbie
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#13Aug 17, 2019, 04:22 AM
People are so attached to their altcoins. They won't sell even if they’re in profit. It’s sad watching them wait forever for those coins to pump. Instead of moving on, they just keep holding.
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#14Aug 17, 2019, 06:00 AM
Lol, I see them like gamblers hoping to hit it big. But it feels like that day is just an illusion now. No one can predict market prices. Alt season is over, and altcoins are a risky bet.
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0xHashMember
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#15Aug 19, 2019, 02:29 AM
Not everyone analyzes the charts closely. History might repeat itself, but not always. Sometimes we face new situations. This isn’t about favorites; if you don’t do your homework, you can’t expect good results.
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0xGweiFull Member
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#16Aug 19, 2019, 05:31 AM
Real talk: that double top on ETH weekly is nasty. People forget a 90% drop can quickly turn into 99% for low cap alts. 2026 could be brutal for anything without real use. The charts don't lie, even if we wish they would.
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block2017Senior Member
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#17Aug 21, 2019, 03:28 PM
I saw it drop below the 50-day moving average. I was influenced by all the predictions of a big rally for November and December. I guess I was just hoping too much. Now I’m holding on, waiting for a better opportunity.
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#18Aug 21, 2019, 09:07 PM
So what exactly is the chart telling us? You mentioned altcoins might drop another 90%. Are you saying they're definitely crashing? I’m not convinced we’re in a crypto winter; maybe we’ll see a recovery next year.
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stake2009Member
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#19Aug 22, 2019, 02:18 AM
Charts can be useful, but not always. It’s not a guarantee of success. Some people make fortunes without focusing on charts, while others rely on them and get wrecked. Ignoring fundamentals while just looking at the charts can be a big mistake.
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