Topic: Are altcoin price movements have some mathematical explanation? - page 2. (Read 860 times)
Technical analysis is hopeless enough with Bitcoin, it completely goes out the window when it comes to alts. The only explanation anyone needs is that it'll pump when the people who control them want it to, and collapse when they feel like taking some profit.
I am sorry but not trust some kind like that, different opinion from me. Price movement is only because of supply, demand, and speculation. Price is always about number ( mathematic ) but when they moving nobody knows to where or until when, even mathematic can reach that. Mathematics can display price history and how to calculate where the price in the future, but always never same ( close yes same no ). If you have an ability in mathematic why not try to some research or strategy with real market altcoin?. I believe you will find your answer with that way. Thank you for your post.
i don't think we can call what they do "mathematical".
technical analysis is mostly pseduscinece, and by no means fool proof. it mostly gives some guidance to better guess the future movement.
and in my personal opinion technical analysis won't work at all in altcoins and will work a little with bitcoin since bitcoin price is moving more logically and altcoins prices are mostly pump and dump.
but that doesn't mean TA is useless though. you can still use it and get some good speculation out of it.
technical analysis is mostly pseduscinece, and by no means fool proof. it mostly gives some guidance to better guess the future movement.
and in my personal opinion technical analysis won't work at all in altcoins and will work a little with bitcoin since bitcoin price is moving more logically and altcoins prices are mostly pump and dump.
but that doesn't mean TA is useless though. you can still use it and get some good speculation out of it.
Crypto market is completely different than usual forex market, those technical analysis may not be completely true in case of altcoin trading like in forex but it might help you to some extend. Hypes and Fuds have much larger effect on altcoin market.
I am very interested in trading altcoins and have my learning process already, but many stuff is hard to understand yet.
For example, I saw many videos in youtube showing about charts,how they are moving, how to add and read support and resistance areas, how to use fibonacci retracement, how to use lines and other technical analysis. So my question is, if these technical analysis really help to determine the price movement?
What is your thoughts about it? How much these analysis help to determine price movements and how much it helps in trading and predicting prices?
For example, I saw many videos in youtube showing about charts,how they are moving, how to add and read support and resistance areas, how to use fibonacci retracement, how to use lines and other technical analysis. So my question is, if these technical analysis really help to determine the price movement?
What is your thoughts about it? How much these analysis help to determine price movements and how much it helps in trading and predicting prices?
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