Topic: Do you listen to technical analysis? - page 3. (Read 607 times)
I gradually begin to understand that technical analysis does not work at all on the cryptocurrency market. Otherwise, everyone would be talking about correction.
Yes for sure. Analysis of the market is analysis. You have to understand that no one can predict the market for 100% sure. We use all these things just to get an idea. You know that the chances of the market is most of the time 50-50. But by doing technical analysis we can predict the market with higher probabilities like 20-80.
I never stop analyzing. Because there are many factors that affect cryptocurrency, it is not trustworthy to analyze it from only a few aspects.
I think personally, the price of cryptocurrency is unpredictable. then we can only follow the market price. if the price goes down it will be better to hold it for a while until the price rises again. Some experts and the only reason it becomes effective is just that of influence but everything is always dependent on society.
Neither did Fundamental Analysis says anything. This is how volatile crypto work is a minute you see things going very well next minute every where is red. Although TA gives you a fair idea of what could happen but nor when.
99 percent of the technical analysis didn’t see this dump coming!
Yes that is true that i have not seen a lot of analysis regarding this dump.
There were actually many posts regarding a pump in summers . This proves that crypto cannot be predicted . What you think about it is not
always what happens . I do not firmly believe in the technical analysis because honestly it just depends on daily dumps .
99 percent of the technical analysis didn’t see this dump coming!
Yes that is true that i have not seen a lot of analysis regarding this dump.
There were actually many posts regarding a pump in summers . This proves that crypto cannot be predicted . What you think about it is not
always what happens . I do not firmly believe in the technical analysis because honestly it just depends on daily dumps .
Knowledge is power. Without it nothing is possible. We all know crypto market is very interesting market. we need to learn many things about this market. Some people gain their knowledge by visiting and investing lots of time spending some money or make partnership whit someone who has a better experience than him. But most of the cases it is not possible to trust some one where the thing is to invest money and most of the people don’t trust other people in that case. So any beginners who want to know and use this knowledge to achieve something from this place they must have some mentor who guided to how to work how to invest how to deal how to trade how to be safe from fake people in this market, their mentor will also teach them about which trade will bring profit to words them. How to predict the market. In short long story short every beginner needs some technical analysis.
Not always. I like to do it myself. Sometimes I only listen from reputable guys who already gained their fame in crypto. Actually, technical analysis doesn't make any difference in my investment, this is why I ignore it.
No, I just look at the news background and the prospects of the coin itself.Perhaps the technical analysis need to trader,but to the investor it is not needed I think.
That is more reason we need not to pay utmost attention to some of these analysis. Although, they might sometimes be true, but i see all as just mere predictions, which might either be positive or negative.
Technical analysis is not 100% accurate and gives us an idea of where the markets are headed. The break out from support and resistance really gives a clue if we are going bear or bulls. So yes, it does work, but is not 100% accurate and not immune to FUD.
Technical analysis does not working as good as in Forex market for example just simply because of one reason - crypto market is a way more speculative compare to traditional financial markets, that's why technical analysis will never predict dumps like this before regulations will be accepted all over the world.
99 percent of the technical analysis didn’t see this dump coming!
Definitely true and this is why cryptocurrency market is way too unpredictable which things can happen in an instant without even expecting for it to come. You have the best set up of technical analysis but this speculative market will break those things for sure but somehow breaking up your TA doesnt happen anytime which its still worth to make use of it when you do make trades but the thing here is that you shouldnt rely too much on it.
Sometimes. But I think technical analysis in crypto is one of the difficult task because of its volatility, unless you are some sort of experienced trader.
I'm not a trader, but I look at the recommendations of traders and wonder how some correctly guess the direction of the course of technical analysis! I think this is what it is and I will learn to do it.
I believe that technical analysis is a science that can not always be applied to the crypto-currency market. Here it does not always work.
I often use technical analysis only for investment, and analysis of investment projects. There is no reason to invest in projects whose technical features are unclear, or vague. A technical analysis of the market is useless thing, when the crowd waits for growth, everything falls, and when the fall is expected to grow, it is not the first year that has been repeated.
Yes, I do technical analize only because all this news on crypto markes just for manepulation of people. Big guys buy when small go to sell it. So don't look to the news, listen technical analize and try to understand what is going now.
99 percent of the technical analysis didn’t see this dump coming!
That is my exact issue with these so called self expert. I do not know when people will understand the fact that everything in this market is controlled by whales. They still keep giving their so called expert analysis. I have lost so much money today. No one could see this dump coming. Literally no one. I ended up investing such a huge amount and market fell on its face the next day. I will not listen to these experts anymore. I got to trust my instincts.
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