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We thought we'd take a look at some of the popular traders on there to see how often their predictions are right. If after reading this you want to sign up for TradingView, you can support us by using our affiliate link!
If you're reading this far in the future these users may no longer be active. In this scenario take a look at popular active authors and try following a few to get started. Under your settings you have a lot of control over notifications. If you're after up-to-date predictions, you can enable email updates for 'Ideas' and 'Idea Updates' of people you follow.
Although this seems very useful, we found that even following just 3 people was fairly overwhelming! For the past few days we've been getting 7 or 8 emails every day, each requiring a few minutes to stay up-to-date with. So unless you're willing to spent a few hours on this each day, perhaps just follow 1 or 2 people with full notifications enabled and each month consider if this author is providing useful data or just disable email updates for 'Idea Updates'. We definitely plan to unfollow one of these people now that we've gathered enough data for this guide!
Authors on TradingView post charts that aren't necessarily predictions. We're basing the below claims on only more specific predictions - where statements have been made that a trend line will likely be followed, or a price goal has been posted.
Looking at specific trades we can see why. Taking a look at an idea by DLavrov on September 27th , he posted a prediction that the price would go up. Now we're not trying to call out these specific traders, we're just trying to make a point here: Cryptocurrency prices are heavily affected by news, the recent China ICO ban being a good example.
The day before this ban many traders were suggesting the price was about to go up, with various indicators to back it up. But this didn't happen due to this news.
Seeing a large drop you might think some bad news has been posted, prompting you to sell. In hindsight it could have just been a large stop loss order being triggered. We think that the stats above were useful to gather, but that other factors need to be taken into account.
So we found them useful as a basis for research rather than trade advice. When looking at news for example we could then anticipate if the market had reacted to the news yet and take advantage of it. But this required very quick action to take advantage of before other traders also acted on similar predictions - and even then sometimes there was no noticeable effect on price.
Looking through all these stats was pretty daunting, so we're going to take a second pass tomorrow to ensure all claims are accurate. If you want to help support us, consider using our affiliate link when signing up on TradingView. This site cannot substitute for professional investment or financial advice, or independent factual verification.
This guide is provided for general informational purposes only. The group of individuals writing these guides are cryptocurrency enthusiasts and investors, not financial advisors. Trading or mining any form of cryptocurrency is very high risk, so never invest money you can't afford to lose - you should be prepared to sustain a total loss of all invested money. This website is monetised through affiliate links. Where used, we will disclose this and make no attempt to hide it. We don't endorse any affiliate services we use - and will not be liable for any damage, expense or other loss you may suffer from using any of these.
Don't rush into anything, do your own research. As we write new content, we will update this disclaimer to encompass it. We first discovered Bitcoin in late , and wanted to get everyone around us involved. But no one seemed to know what it was! We made this website to try and fix this, to get everyone up-to-speed! Click here for more information on these. All information on this website is for general informational purposes only, it is not intended to provide legal or financial advice.
Are TradingView bitcoin predictions reliable? Use Predictions Alongside Research We think that the stats above were useful to gather, but that other factors need to be taken into account. Results Looking through all these stats was pretty daunting, so we're going to take a second pass tomorrow to ensure all claims are accurate. March 31st, Best Cryptocurrency Charts?
Price, Technical Analysis, Community Growth, etc. March 31st, Best Bitcoin Affiliate Programs Written by the Anything Crypto team We first discovered Bitcoin in late , and wanted to get everyone around us involved.
Never invest money you can't afford to lose.