Does stock chart analysis apply to cryptocurrency?

The ability to analyze a crypto chart and predict the future movement of it. Can this be done with some sort of certainty? If so, can someone learn this ability via traditional stock chart analysis techniques?

Do you recommend any resources to help me learn? Thanks

IMO No, but bet there will be some that disagree.

I would think that charting it would give you similar results as you get when you trade stocks or commodities.

It is essentially a commodity like porkbellies, T-Bonds, wheat, etc.

DConny1 said:

Do you recommend any resources to help me learn? Thanks

Click to expand...

Yeah BHW. loads of billionaire traders here now, living the highlife, playboy style. Or so you would open, since Johnny threw his paper round money and took Warren status.

Charts don't have a memory.

Charts does give you an idea, but the demand,pump and dump,news affects cryptos 10X than it would affect stocks.

Of course the more experience you have with reading candlestick charts the better you'll be off, but predicting cryptos is incredibly difficult with all of what's going on. The best thing you can do is follow the social media for the larger cryptos, keep track of news events and holidays that could effect the prices, and then take a look at the past couple of weeks and months. Predicting on the week scale or even daily is pretty much impossible now with ranges going from 50-150% increases sometimes. Most common though is around 10% 24 hour changes, which is still huge.

For now NO because crptocurrencies are more volatile than stocks.