Why analysts are so wrong sometimes?

[phabulu 0]

It's more than 1 week that the analysts are saying that BTC will reach 7000$, I'm still waiting for it, but the markets look doing the opposite, it reached the 8k and today is almost all green.

https://www.coingecko.com/en

Why analysts are so wrong sometimes?

[Khan 1414]

8 hours ago, phabulu said:

It's more than 1 week that the analysts are saying that BTC will reach 7000$, I'm still waiting for it, but the markets look doing the opposite, it reached the 8k and today is almost all green.

https://www.coingecko.com/en

Why analysts are so wrong sometimes?

According to the analyst BTC is already reach to the below of $8000 but pushing BTC to the $7000 level mean it will start down trend from that level.

[Caporetto 327]

Its not about being wrong or right, its all risk management , how u deal with the losses, remember when the greatest trader Peter Brandt called for a triangle break up on BTC at 10k ? and so were 3,000 other people who liked the tweet, market is irrational sometimes, going against the majority..Even the best traders fail

 

 

[Khan 1414]

On 10/18/2019 at 10:07 PM, akram said:

Strongly agree with your suggestion as the analyst posted many news in different blogs and other exchanges that it will goes higher and make it to the $25k in Dec 2019 end, but BTC is still in between $7000 - $8000.

Strongly agree with your suggestion as the analyst posted many news in different blogs and other exchanges that it will goes higher and make it to the $25k in Dec 2019 end, but BTC is still in between $7000 - $8000.

Thanks for it, please don't post the content duplicate and please check the market before trade as it is nowadays moving in the up side down directions.

[cryptokram 102]

On 10/18/2019 at 1:18 AM, phabulu said:

It's more than 1 week that the analysts are saying that BTC will reach 7000$, I'm still waiting for it, but the markets look doing the opposite, it reached the 8k and today is almost all green.

https://www.coingecko.com/en

Why analysts are so wrong sometimes?

I always told in this forum that there is no way that the price may go lower than 8,000 but will never reach the 7,000 USD per Bitcoin. there is a strong support at 7,800 and they are building now a good support at 7,900.

That is way it is impossible!

[Agios 1763]

The analyzer is not wrong but just not right, because there are so many factors that can determine the price of bitcoin, although we have learned it but also often misses in analyzing the price of bitcoin. My forecast that Bitcoin price will be $ 9,000 or even more by the end of 2019.

 

[Mohs3n71 0]

easy answer, because this market has too many manipulators and they're just playing with people and technical analyzes have nothing to do about that

[bestprofi 372]

The study and analysis component in cryptocurrencies is very delicate and there are no certainties, only opinions.
Cryptocurrencies have as their main attribute, emotion, which cannot be quantified on charts.

[starwill 456]

The analysis of cryptocurrencies is conditioned to market manipulations is where the so-called whales use all their monetary power to directly influence prices. The market tilts according to your convenience.

[Crypto123 0]

Bitcoin has already reached 7000$ but despite that I agree with you analysts make mistakes often, I have seen a lot of erroneous analyzes and here in this forum I found more than one old topic in it analyzed and proved from reality to be wrong.

[Pearls Before Swine 815]

They're often wrong because they don't know any more about where the markets are headed than any of us do, and that's the truth.  This isn't the stock market, where businesses are analyzed based on fundamentals and so forth.  It's crypto, and there's nothing behind any of these coins except supply and demand.  Since there's no way to predict what the demand is going to be at any point in the future, it's no surprise that these analysts often make the wrong call.

[teminalibug 309]

Sometimes analysts are wrong because the market gets manipulated, apart from the fact that sometimes analysis could just go wrong.

[fuer44 1083]

because crypto movement is very volatile and irrelevant. so it is very difficult to predict whether the value goes up or down.

[Soaib khan 1035]

some times analysis or prediction not correct. because crypto currencies not predictable.you can only hope with crypto currency

[Lard79 103]

Because analyst is like prediction, can be right can be wrong in 100 %, but mostly analys make by some observations with collect many data, it`s not like a gambling 

[Roomi 1119]

On 10/17/2019 at 10:18 PM, phabulu said:

It's more than 1 week that the analysts are saying that BTC will reach 7000$, I'm still waiting for it, but the markets look doing the opposite, it reached the 8k and today is almost all green.

https://www.coingecko.com/en

Why analysts are so wrong sometimes?

Some times bitcoib got over priced and when some experts create a more hype about bitcoin it could not surge up and then it take a dump again. 

[nicolas1234789 2566]

There's no perfect strategy and also analysis, you should know first before enter the market. Wrong can be doing by anyone but mostly not because they doesn't have knowledge but reject indicator result. This tools created to help you predict and must use it as guide, for safety is cut loss because indicator not always right.

[Interface User 1070]

I think there's no universal measurement about the price of cryptocurrency here because as we know some crypto currency have a high volatility rate.

[Lilit 264]

It seems to me that cryptocurrency is developing very dynamically. That is why the technical analysis of cryptocurrency is not always true. Cryptocurrency is very unpredictable and depends on many factors.

[Fatihgani12 348]

Well, that's the fact of the analysis because it's not easy to calculate and observe the market. If you want to try it, do it if you succeed with your own analysis, the analysis is a number that approaches a price that has been set while the price error is relative.

[Brushless4500KV 4214]

On 10/17/2019 at 8:48 PM, phabulu said:

It's more than 1 week that the analysts are saying that BTC will reach 7000$, I'm still waiting for it, but the markets look doing the opposite, it reached the 8k and today is almost all green.

https://www.coingecko.com/en

Why analysts are so wrong sometimes?

That's because cryptocurrency market doesn't follow certain rules and is one of the most unpredictable markets in the world. Crypto price doesn't only depend on market sentiment. Some global events can affect crypto prices to great extent and analysts can't predict all these events all the time. That's why sometimes unexpected events may happen that make predictions go wrong way.

[dinabolt 514]

If analysis always right I think economy problem will solved and everyone can be rich in easy way. Market will always has different answer about your analysis and that's reality. Accept your mistakes and find in which part I should fix, test again but remember market can change direction in second.

 

[whymeidontknow 676]

Because we can never be clairvoyant, we are people and we tend to make mistakes, and this is influenced by many factors that must be taken into account.

[suzuya 945]

Analyst are wrong sometimes because they can not really predict the future, well no one really can. Also even they try to study the history of crypto's movement in the market, they can not still give a valid prediction. I don't know where do they base their predictions but I think if they predict what's going to happen, maybe it's just a luck.

[Sid 589]

Because they are also human and will never be able to predict the future accurately. So there is a possibility that their analysis is wrong, so we must prepare ourselves 😅