Topic: do technical actually work - page 2. (Read 746 times)
Yes, it does but not most of the time. I remember the death cross that was formed before the bear market and then the golden cross which is a sign for a bull market which is currently happening. Those pattern for technical analysis just tells if it's going bad or good but things can still go unexpectedly.
Can't really do technical in trading. Usually i only see coins that have big volume, and pick buy or sell near wall. So my buy order can executed and sell it below wall, so nothing block it. Sometime it is works, but pick a coin still hard for me.
maybe this is need luck in each our trading, personally i said it very risky .we don't know our buying level on safe price or not.maybe analizing chart could help us to identify best price.All experienced, professional traders deal with technical analysis. They never work without it. The other thing is the TA for the beginners - they simply do not understand how to read it. Suppose, we all need to learn to use it.
fundamental and technical analysis works as it had been followed by most traders. how the forex market works where the fundamental and technical analysis is also used also works the same way as the market all follow the golden ratio. you just have to decide which to use in different situation, funny because i myself doesn't do that. well i have trade using the indicators of tradingview which works only for me as the long term holder.
Just like forex fundamental news moves the market invariably the price of the instrument or stock traded which is similar to cryptocurrencies trading.
Price Action, charting analysis plus few indicators had proved to work on a long term trading all theses are based on TA.
actually anyone when in crypto does not only rely on understanding reading news articles and so on for analysis. can be done with his own thoughts so that the analysis techniques of their work can be fully implemented
I think TA is working but it can't be accurate 100% especially there are numerous indicators that maybe not suitable with the market condition, but at least TA could increase your speculation accuracy, many traders rely on the TA to make decision and its important part for traders to decide to sell or to buy
Of course, it cannot be 100% accurate because if it was, there would nothave been other available strategies to complement its function. Technical analysis works a lot, at least 80% for most trader that are on a short term trade. If you hear people complain of it not working, it’s because they don’t know how to use it, before I became perfect in TA too, I found it really difficult to use and I could almost break my system sometimes, when studying it and not getting how to read the chart, but one thing long term investors needs to know is that it is very necessary to mix both TA and FA together if they are to get accurate forecast.
Yes it's working but I suggest to don't depend to any signal that you can't have any assurance that they said is true make your own analysis its really hard to trust any one you can learn it if you really wants it to make your investment in great outcome. Not all signal is good so be careful.
It is not bad in relying to the article provider that you trust and use their information's as your basis to make a good analysis for your trading.
But if you will rely to technical aspects only then there is big chance that you will create a mistake someday.
Speculation and investing is very hard because we are staking our hard earned money. If we fail to correctly speculate then we lost our money in which most of us really want to avoid in the first place. It is better that you will compile all the necessary resources so you can do a better speculation like the technical aspects, experience, knowledge, voices of other traders and etc.
All these article providers /news/ online media sites are still doing the same thing as using technical analysis, just like you would see in Cointelegraph there is always technical analysis for the top cryptocurrency in the market. And they also offer news as well. I do know that there are people who don't support the news part cause they think that news are not a good thing to rely cause they can be deceiving. There are deceiving news, but it is up to you to find a site that is reliable, then when you see a news you think would have impact on the market, you can stay by the side and watch it to see what happens and know which action to make next. But if you will rely to technical aspects only then there is big chance that you will create a mistake someday.
Speculation and investing is very hard because we are staking our hard earned money. If we fail to correctly speculate then we lost our money in which most of us really want to avoid in the first place. It is better that you will compile all the necessary resources so you can do a better speculation like the technical aspects, experience, knowledge, voices of other traders and etc.
They do work, but not in the hype market now, traders can get more correct prediction with TA if the market is stable.
Now, it seems like we aren't seeing a stable price, it's more on pump now so we cannot predict the right movement.
When people are hype or they got FOMO, TA would be useless, best thing to do is to ride with the price trend and enjoy it, TA will work soon
once correction starts and price starts to calm down its movement.
Now, it seems like we aren't seeing a stable price, it's more on pump now so we cannot predict the right movement.
When people are hype or they got FOMO, TA would be useless, best thing to do is to ride with the price trend and enjoy it, TA will work soon
once correction starts and price starts to calm down its movement.
fundamental and technical analysis works as it had been followed by most traders. how the forex market works where the fundamental and technical analysis is also used also works the same way as the market all follow the golden ratio. you just have to decide which to use in different situation, funny because i myself doesn't do that. well i have trade using the indicators of tradingview which works only for me as the long term holder.
As a trader, we don't rely on speculations only. I'll admit that at first, I don't have enough courage to trust my own TA that is why I tend to followed some crypto enthusiasts which makes my tradings a failure due to misleading predictions. But no one is impossible, I've searched useful indicators. It helps a lot and I do trust my own TA now with of course relying on everyday news about crypto.
TA helps us a trader for guidance on how to eventually enter and exit the market at the right price. It will also be beneficial if we combine it with the other strategies to further confirm our tradings . Some are paying signal groups but for now, I strongly believe in my own TA.
TA helps us a trader for guidance on how to eventually enter and exit the market at the right price. It will also be beneficial if we combine it with the other strategies to further confirm our tradings . Some are paying signal groups but for now, I strongly believe in my own TA.
Yes, technical analysis works.
But you cannot totally depend on technical analysis for trading regardless whether you trade bitcoin or Forex. You have to do fundamental analysis as well because in the history bitcoin price mainly drove through fundamentals. However, it's not possible to apply technical analysis for all coins. Coins with low volume and market cap which are listed only in one or two exchanges can be easily manipulated. Therefore, it is wise to take decisions for trading using technicals only for major cryptocurrencies which have a high volume and market cap such as bitcoin and Ethereum.
Yeah agree, because we know that price changes don't occur because of just one factor, there are many others factors that affect prices, start from manipulation, economic conditions, issues that happens, and many other thing. Predict prices not only from TA by reading candles, but there are many other things you can do to predict the price so it will be more accurate But you cannot totally depend on technical analysis for trading regardless whether you trade bitcoin or Forex. You have to do fundamental analysis as well because in the history bitcoin price mainly drove through fundamentals. However, it's not possible to apply technical analysis for all coins. Coins with low volume and market cap which are listed only in one or two exchanges can be easily manipulated. Therefore, it is wise to take decisions for trading using technicals only for major cryptocurrencies which have a high volume and market cap such as bitcoin and Ethereum.
Having an idea about in technical analysis is pretty much advantage if you know how to understand the situation in the graph mate.
It is actually an advantage dude as a traders. But its not that easy also to have it, it needs hard work and time to spend with it. And I can assure
it is very useful and can make a millionaire in a span short period of time.
It is actually an advantage dude as a traders. But its not that easy also to have it, it needs hard work and time to spend with it. And I can assure
it is very useful and can make a millionaire in a span short period of time.
The 95% use a purely technical approach to speculation and investing, relying on articles written by their favourite crypto guru for their analysis. Bitcoin has been leading the crypto market higher over the last month, and as prices move higher so will the expectations of Bitcoin's future.
Most find speculation and investing hard. It's because we are just not wired to be good at it. Almost everything we think we should do will hurt, and almost everything we believe will harm us won't.
This behaviour retells the same old story, over and over again. The majority, get caught up in the hype and excitement and buy, always late to the party, without any long term understanding of the actual risks they are taking, bouncing between exhilaration and despair, checking for tweets, posts, and updates from their trusted guru.
It is also one of the reasons why many traders fail and think that the crypto market is rubbish and fraud. Meanwhile, there are still some very successful people and they have bought houses and cars.Most find speculation and investing hard. It's because we are just not wired to be good at it. Almost everything we think we should do will hurt, and almost everything we believe will harm us won't.
This behaviour retells the same old story, over and over again. The majority, get caught up in the hype and excitement and buy, always late to the party, without any long term understanding of the actual risks they are taking, bouncing between exhilaration and despair, checking for tweets, posts, and updates from their trusted guru.
That is the difference between those who calculate and do not know how to calculate. Anyway, it's a long-term problem and we can't fix it.
Well, to tell you the truth, I have never relied on technical analysis, when I had my beginnings in trading I followed many influencers and the truth was that they did not hit, there was nothing I could do, I always made the same lines, the same triangles, all the forms that they invented and nothing.
Then because of that I lost a lot, although my investments were not big, but it hurt me to lose 0.001BTC, Then I concluded that the technical analysis should not obey any triangle or any kind of form of chartist figures.
That is why I started reading a lot of books and there was a Youtuber that guided me and I admire him and he has my respect because he is the person that helped me understand the market, his name is AARON LUJAN, he is of Venezuelan origin and applies all the laws of Wyckoff's and Livermore's theory, and with those teachings I learned to understand the market.
Then because of that I lost a lot, although my investments were not big, but it hurt me to lose 0.001BTC, Then I concluded that the technical analysis should not obey any triangle or any kind of form of chartist figures.
That is why I started reading a lot of books and there was a Youtuber that guided me and I admire him and he has my respect because he is the person that helped me understand the market, his name is AARON LUJAN, he is of Venezuelan origin and applies all the laws of Wyckoff's and Livermore's theory, and with those teachings I learned to understand the market.
It is necessary to monitor the dynamics of changes in the price of the coin before buying it. Technical analysis does not always work, so it is necessary to study exactly what is happening with the coin at the moment.
Its good for the long term trading but not important for people who trade the crypto currencies too often.But its still better to know the potential of a coin before trading so we that no need to change the coins too often and no need to worry if we are unable to trade our cryptos in short term if there is an emergency situation.
It is necessary to monitor the dynamics of changes in the price of the coin before buying it. Technical analysis does not always work, so it is necessary to study exactly what is happening with the coin at the moment.
Technical analysis doesn't apply to crypto the same way it does to the stock market. Sure you can draw some useful comparisons but this market has much more manipulation and you never know when some crazy whales will come along and dump the price.
Yes,it works most of the time when you apply all the indicators and closely watches the market movement in very short time frame but not all the time and also manipulations can completely changes the technical analysis of individuals so don't trust them all the time and also don't take huge risk based on your analysis.But when you stick with fundamental analysis then there is no need much of technical analysis.
Can't really do technical in trading. Usually i only see coins that have big volume, and pick buy or sell near wall. So my buy order can executed and sell it below wall, so nothing block it. Sometime it is works, but pick a coin still hard for me.
maybe this is need luck in each our trading, personally i said it very risky .we don't know our buying level on safe price or not.maybe analizing chart could help us to identify best price. 
Can't really do technical in trading. Usually i only see coins that have big volume, and pick buy or sell near wall. So my buy order can executed and sell it below wall, so nothing block it. Sometime it is works, but pick a coin still hard for me.
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