do technical actually work - page 4.

whirlcoin

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Quote from: beaxchange on May 23, 2019, 10:12:57 AM

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.

in the cryptocurrency field we don't go with the same equipment for long time because it don't it is stable for long time so technical is also one of the useful equipment cryptocurrency field but not in all the time

DeathProxy

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Technical analysis is just a means to speculate price of crypto but its hardly efective now has the crypto space has been mostly controlled by whales of which in return controlls the price of crypto. A good trader should not just tarde based on Technical analysis, but he should also consider other factors if hw really wants to succeed

exstasie

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Quote from: beaxchange on May 23, 2019, 10:12:57 AM

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 is a very acute observation, and it's a crucial one to understand for anyone who wants to succeed in the markets. Technical analysis does work (at least a good deal of the time, when applied correctly) but it's doubly effective when combined with a keen understanding of market psychology.

The bit from Warren Buffett about being fearful when others are greedy......it's a truism. Successful traders will tell you: when the market seems exuberant and can't possibly stop rising, it's probably time to sell. And vice versa.

TimeTeller

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Quote from: elda34b on May 23, 2019, 10:49:50 AM

Not sure from where that 95% number comes from, but I do know several people who use TA as their main technique when they trade, and they did it very well. I can certainly say that it works, though you can also argue that it might be a self-fulfilling prophecy most of the time, however, TA is used in a lot of markets including stocks markets. So it was there long enough, not explicitly made for crypto. In fact, most strategy or analysis relies on old-school TA thing like fibonacci, rsi, ema/sma and so on.

Quote from: beaxchange on May 23, 2019, 10:12:57 AM

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.

This doesn't mean TA doesn't work. It means they need to learn and stop being a follower.

Though I don't know where he got the percentage but more or less the number is high.
Yes, TA has long been here even before crypto was born.
But to add, TA doesn't work for most projects like pumpndump, masternode with high ROI, and the likes.
No need for TA here but mere familiarity of the project and the trading behavior. They are here for short term profits and of course for dev's pockets.

Shenzou

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Quote from: beaxchange on May 23, 2019, 10:12:57 AM

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.

For me the people who just make their own decision based on others and just invest when they see prices come up and just flow others like lambs to slaughter, where they lose their money because of it, if are just following what others tell you to do than you are not cut for this industry, because you need to learn and know what it is all about in order to make your own decision and people are lazy and just want an easy road to success, and if you really do tahn you would know better than to just invest when the price is high and freak out when it starts going down.

Reid

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Technicals and luck. Grin

If you both then maybe you will have a larger percentage. No one could foretell the market so you would be relying on those.
If it does work accurately then we might be all rich here and never bother to answer questions anymore.

Hype might also be a factor but not as always. It could also led to a trap that will just make you lose more than risking into another low risk coin. Example is Bitcoin and Ethereum.

akram143

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The development are possible for analysis and it will be technical and fundamental both are important for everyone and if you want to take the profit for your work you need to plan everything previously and this time it will be improved and important for everyone.

leowonderful

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TA certainly does work, but not always. Patterns don't always play out the way you might expect them to, especially in cryptocurrency, but it's definitely better than nothing at the very least. Indicators and TA have helped me out many times in the past by helping me anticipate future price action that might've gone against any open positions I had, but they definitely should not be the only thing you use to trade. You can still be significantly unprofitable in trading if you're disregarding other important parts of trading like minimizing potential risk (which many struggle with).

hamzakhan17826

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If you want to trade from country to country you should use shipping for carrying your product from one place to another. sea cargo to pakistan

Slow death

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No offense to technical analysis, but this crypto market the rise and fall of prices can be predicted if people follow:

The coin Ann thread

The twitter coin

The discord coin

The telegram coin

The reddit coin

BUK2016

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Technical analysis is very important for one to make a trading decision because relying on fundamental analysis a lone may lead you to make a very wrong trading decision that you will leave not to forget for making such a wrong decision. It is always good to consider both technical and fundermental analysis before making a decision on whether to buy, sell or to hold.

Ailmand

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Technical analysis is helpful and effective for those who have the skills to apply and observe the market. I don't actually use it or believe in different speculations. Most of the speculators nowadays are unreliable and might just bring confusion. I would rather trade the normal way without too much complications.

harizen

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Technical analysis are made as reference in making a future strategy. These analysis does have a strong basis and indicators will tell you what's the current happening. Because of that, traders can somehow anticipate those things that is close to happen.

But it doesn't mean they are right. It's just that their decision are purely with basis and not just a random thoughts.

Crypto is volatile and even the most well detailed analysis sometimes spoiled and destroyed.

By understanding crypto price behaviour in the long run, we can somehow add some spices to our technical analysis in order to increase our winning chances.

mk4

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It depends on what you mean by "work". Common misconception is that TA is used to predict market prices, which it isn't. TA is only used to play the odds on your favor. TA is not like a magical crystal ball that makes you magically know what will happen to the markets.

Also, as far as I know, TA is a lot less effective on the cryptocurrency markets due to the lower liquidity and higher chances of whales skewing the prices.

shane

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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.

Bitkoyns

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If the trading guru already prove himself on that field you can relay to him but if the trading guru always gives a fake a signal then that is the time not to believe with him, I do believe that TA really works it is just only depends on the view on the market.

LeGaulois

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There is no pedagogy behind it, most people repeat what their 'guru' said the day before, or they do what they are told. But there is no educational work behind it. As a result, many people find themselves in markets with serious deficiencies. To add, they usually have more than one 'guru' each saying different things + overloaded with the pseudo-analysis published daily

palle11

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Quote from: beaxchange on May 23, 2019, 10:12:57 AM

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.

I think it is fear that make people even when there is positive speculation, they fear to invest. Also because it is not like investing with a bank where you can see your debtor, the wife and children Grin

, some traditional people won't invest.

elda34b

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Not sure from where that 95% number comes from, but I do know several people who use TA as their main technique when they trade, and they did it very well. I can certainly say that it works, though you can also argue that it might be a self-fulfilling prophecy most of the time, however, TA is used in a lot of markets including stocks markets. So it was there long enough, not explicitly made for crypto. In fact, most strategy or analysis relies on old-school TA thing like fibonacci, rsi, ema/sma and so on.

Quote from: beaxchange on May 23, 2019, 10:12:57 AM

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.

This doesn't mean TA doesn't work. It means they need to learn and stop being a follower.

beaxchange

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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.

Topic: do technical actually work - page 4. (Read 746 times)