Do You Use Technical Analysis? | Bitcointalksearch.org

LUCKMCFLY

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Quote from: Cling18 on November 14, 2021, 10:48:36 AM

Yes, I've been using technical analysis not because I see it as the best strategy but rather as an effective technique so I would have a basis on when to sell or when to hold. It takes a long time to fully understand things about technical analysis but it's all worth it especially if there is confusion on decision making about trading.

I have been using it much more to face situations such as public token sales, which currently helps me a lot to determine when it is good or convenient to buy or not, even to sell, I have discovered some tools that tell you in real time at what moment to buy and when to sell, as the graph is being generated, the indicator gives you a Buy or Sell notice, this is not all time is efficient but it does give some idea of how an operation can be done quickly, This for me is new, because I see this more like I'm in a casino gambling.

judaspriest

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Quote from: Cling18 on November 14, 2021, 10:48:36 AM

Yes, I've been using technical analysis not because I see it as the best strategy but rather as an effective technique so I would have a basis on when to sell or when to hold. It takes a long time to fully understand things about technical analysis but it's all worth it especially if there is confusion on decision making about trading.

To understand about technical analysis in detail is not easy and clearly it takes time to fully understand it,
other than that to learn something we can't be instant it requires a process,
for sure technical analysis is very important to trade or invest

Luzin

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Quote from: Cling18 on November 14, 2021, 10:48:36 AM

Yes, I've been using technical analysis not because I see it as the best strategy but rather as an effective technique so I would have a basis on when to sell or when to hold. It takes a long time to fully understand things about technical analysis but it's all worth it especially if there is confusion on decision making about trading.

Yes I also use this, technical analysis really helps me minimize my losses. Although sometimes technical is not 100% correct because in the end the market will be determined by the owner of large funds. There are several combinations of analytical tools provided by the market, such as RSI, MACD and Fibonanci sometimes parabolic sar. But sometimes we're as familiar with the Pump sign, so there may be some people using hearts to enter the market. Grin

Cling18

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Yes, I've been using technical analysis not because I see it as the best strategy but rather as an effective technique so I would have a basis on when to sell or when to hold. It takes a long time to fully understand things about technical analysis but it's all worth it especially if there is confusion on decision making about trading.

Alisha-k

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I had stopped trading for a while and decided to invest rather, but before now, when I was still trading yes I made use of technical analysis such as the indicators and charting pattern
The most common charting pattern is line charts and the most common technical indicators are standard deviation and average directional index.

Technical analysis is the study of supply and demand and the best way to trend.
This analysis may seem difficult and complicated especially to new investors. It provides open avenue for prie movement.

LUCKMCFLY

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Quote from: matchi2011 on November 06, 2021, 11:53:33 AM

Quote from: LUCKMCFLY on November 05, 2021, 10:07:41 PM

Well, as you say, I see the technical analysis only as a prediction tool, but only when I have already done a fundamental analysis according to the temporality, that is, if it is to days, weeks and months, that way I can determine some type trend or what can happen when looking at the trading volume.

After that I have already defined what can happen is when I do the technical analysis, this is how I analyze the market using technical analysis. For me, technical analysis does not have the full scope of the market, I am not one of those who believe that technical analysis is everything, where I do believe it is when an analysis is made for scalping.

As long as your strategy works for you, there's nothing to worry about those theories regarding to TA,
I wish to have a working tool and still trying to find the right strategy aside from buying low and selling
high, which most of the time, riding with hypes, this forum or other social media channels where developers
announce info about updates to their project. Give me a green sign to buy and hope for some luck to follow my back
to earn decent..

Well, the closest to what you want is that you can have access to possible liquidity pools, and there are many options that you can access, the closest to what you want is being developed by a friend named Aaron Luján, because he has its platform where it has them and they explain it to you, the only thing is that it is Spanish-speaking, but its information is unique, you can find it on the web, I think it is called paguer, and it has many strategies but indicators as such, not what if it can give you an idea of when to buy and sell but to the rhythm of a scalping, you can look for it there to see how it goes.

sana54210

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Quote from: freedomgo on November 07, 2021, 01:58:51 PM

Using technical analysis may be good for traders since it makes their price predictions more easier and valid but i really agree that there are times where technical analysis are not really useful since the crypto market is sometimes influenced too with sudden events in the market that create positive or negative value of cryptos. Aside from that, there are big whales too that come to manipulate the market and create a significant pump or dump in the market value. These things are certainly inevitable that create price changes in the market often times.

That is basically a situation that you need to get used to at this point of your life if you are a trader. It is more likely that you will lose all of your money if you keep on working without TA and that will be a horrible situation for you, but if you use TA that will not guarantee profit neither, just makes you lose a lot less.

So, that is exactly the reason why people use TA, not to make a great profit (which you can in both methods) but to make sure that there is a slighter chance that you would lose money. I personally do use TA and I have to say it is usually based on very simple stuff, like support and resistance levels, historical patterns and such, which is why it is simple enough to understand it but never guarantees profit in any way.

EdenHazard

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Quote from: freedomgo on November 07, 2021, 01:58:51 PM

Quote from: aquafinewater on November 07, 2021, 10:41:40 AM

Yes this is most important without Technicall analysis trading is too risky but some time Technicall analysis not working when any bad news come because market depend mostly on influencer so we also need to read news about market

Right. Using technical analysis may be good for traders since it makes their price predictions more easier and valid but i really agree that there are times where technical analysis are not really useful since the crypto market is sometimes influenced too with sudden events in the market that create positive or negative value of cryptos. Aside from that, there are big whales too that come to manipulate the market and create a significant pump or dump in the market value. These things are certainly inevitable that create price changes in the market often times.

Market sentiment happened to any kind financial market not only in crypto.

the difference is that there might bigger impact in crypto due FOMO and much more wild market so the price moving faster than any other market. at this point technical analysis might be useless. better to stop and watch the momentum to come, at least that is what i am doing so far.
still .. technical analysis have a special and importance place in making prodit maximized, not a random one.

coinfinger

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Quote from: trickys on October 18, 2021, 11:41:51 PM

Do you use technical analysis when you trade bitcoin?
If yes, what are the best strategies? Bitcoin is so volatile now.

Sure, a lot of people do make use of technical analysis when they are trading. As a trader, technical analysis is something that you are meant to know even before you start trading in the market. Because that's what is going to help you be able to predict which way the market will likely be flowing to.When you don't know technical analysis, then it's just like you're gambling with your choices and you're not even sure of what you are doing. And when you are gambling in the cryptocurrency market it becomes a huge risk for you.

There are different strategies that traders make use of to trade in the cryptocurrency market, the most popular strategies I know are arbitrage trading, scalping, and range trading. You should read more on these three types of strategies and understand how they work. Maybe you’ll be able to find one that works for you or even research more and find other types of strategies.

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Investing in the different coins may help you a lot, even if you didn't have that much investment during trading but at least you know something about the trading then always invest in 4 to 5 different coins which might be better , even if you had mistakenly lose in some coin then there will be some hope form getting profit in other coins.

freedomgo

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Quote from: aquafinewater on November 07, 2021, 10:41:40 AM

Yes this is most important without Technicall analysis trading is too risky but some time Technicall analysis not working when any bad news come because market depend mostly on influencer so we also need to read news about market

Right. Using technical analysis may be good for traders since it makes their price predictions more easier and valid but i really agree that there are times where technical analysis are not really useful since the crypto market is sometimes influenced too with sudden events in the market that create positive or negative value of cryptos. Aside from that, there are big whales too that come to manipulate the market and create a significant pump or dump in the market value. These things are certainly inevitable that create price changes in the market often times.

aquafinewater

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Yes this is most important without Technicall analysis trading is too risky but some time Technicall analysis not working when any bad news come because market depend mostly on influencer so we also need to read news about market

TheGreatPython

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Quote from: matchi2011 on November 06, 2021, 11:53:33 AM

As long as your strategy works for you, there's nothing to worry about those theories regarding to TA,
I wish to have a working tool and still trying to find the right strategy aside from buying low and selling
high, which most of the time, riding with hypes, this forum or other social media channels where developers
announce info about updates to their project. Give me a green sign to buy and hope for some luck to follow my back to earn decent..

Having strategy like this is dream of thousands involves in trading specially in crypto because this can give them very quick profit in very short period, but it's never been easy that every time you have chance of buying low and selling high in this case sometime very shocking this can happen which can ruin your all funds just having some good information and keep eye on all updates is also very important because currently we have some serious hype in market which is creating some serious issues for many newbies and good experienced peoples.

Having every time green signals is really a matter of very good strategy and very good luck, which is hard in current time, even not impossible because we have some good number of lucky peoples around us.

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Quote from: Emitdama on November 06, 2021, 05:45:14 PM

Quote from: trickys on October 18, 2021, 11:41:51 PM

Do you use technical analysis when you trade bitcoin?
If yes, what are the best strategies? Bitcoin is so volatile now.

TA is not something that you should be doing something with exact precision profit making. Thats not going to end up with a lot of profit if you just focus on that, sure there is a chance that you may, but that is not always the case and if you get ready for profiting each time then you are going to make a loss.

Just use it like a tool, and consider TA as something that "helps" you but not the main thing, if you could do that then you will be fine. Add in a lot of stuff, like community size, project creators involvement, decentralization if possible, the road map and many other things basically and if you could still get a nice thing then TA on top of that would be fine.

Exact precision is something that it isnt possible with technical analysis but somehow you could really have chance or higher probability compared into those people who arent using any indicators or tools at all when doing trading.Of course most traders on here do rely with technicals because this is something very normal and you cant just rely
on news or events because it doesnt happen all the times which simply means that you would be needing to take some step for you to move forward.
You wouldnt able to sustain this market if you dont have this kind of tool or system of trading.

Emitdama

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Quote from: trickys on October 18, 2021, 11:41:51 PM

Do you use technical analysis when you trade bitcoin?
If yes, what are the best strategies? Bitcoin is so volatile now.

TA is not something that you should be doing something with exact precision profit making. Thats not going to end up with a lot of profit if you just focus on that, sure there is a chance that you may, but that is not always the case and if you get ready for profiting each time then you are going to make a loss.

Just use it like a tool, and consider TA as something that "helps" you but not the main thing, if you could do that then you will be fine. Add in a lot of stuff, like community size, project creators involvement, decentralization if possible, the road map and many other things basically and if you could still get a nice thing then TA on top of that would be fine.

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Quote from: michellee on November 05, 2021, 11:48:08 AM

Quote from: suzanne5223 on November 05, 2021, 04:36:27 AM

Quote from: michellee on November 05, 2021, 03:36:45 AM

Quote from: Sihab76 on November 04, 2021, 07:35:49 PM

Quote from: trickys on October 18, 2021, 11:41:51 PM

Do you use technical analysis when you trade bitcoin?
If yes, what are the best strategies? Bitcoin is so volatile now.

I never want to trade without technical analysis because investing or trading on Bitcoin There are two risks involved, so if you want to trade technical analysis, you may incur losses. Especially when it comes to investing in some new coins, it is not at all possible to invest without technical analysis.

Maybe the best strategy is to find the dip and buy at that time but that will not be easy as we do not know when the dip will come. But if you can buy at a low price, that is enough as the price can increase later. Every people will have their technical analysis if that is related to analyzing the chart and it may be difficult to follow other people's analysis. So the best thing you can do is learn by yourself and do not rely on others so your skills can improve in the future.

@michellee, the best strategy is always to find the dip and it is also the hardest part either and this is why I don't like trading but it is not difficult to follow other people's analysis. Mind you, we have people that do copy trading.

You can follow other people's analysis but remember that they can make a mistake without you can prevent it if you do not make your own analysis. Doing copy trading can also work if we can get the right trader from many traders but that will need time. But when you can analyze by yourself plus get more info from other people's analysis, I am sure that will help you to determine the entry and quit from the trading. But do not forget that will also need the experience to know the right time to trade.

I agreed with you cause no analysis doesn't make a mistake at some point and this is the reason why you still have to do your own search when copy trading adds your knowledge with the pro knowledge. Besides, these people are whales and they can information about the market sometime before we do.
Nevertheless, getting the right market analyzer doesn't need time for those that follow Bitcoin market price very well cause we have legendary people like Pompliano, Willy Woo that offer this service but they mostly paid service.

matchi2011

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Quote from: LUCKMCFLY on November 05, 2021, 10:07:41 PM

Well, as you say, I see the technical analysis only as a prediction tool, but only when I have already done a fundamental analysis according to the temporality, that is, if it is to days, weeks and months, that way I can determine some type trend or what can happen when looking at the trading volume.

After that I have already defined what can happen is when I do the technical analysis, this is how I analyze the market using technical analysis. For me, technical analysis does not have the full scope of the market, I am not one of those who believe that technical analysis is everything, where I do believe it is when an analysis is made for scalping.

As long as your strategy works for you, there's nothing to worry about those theories regarding to TA,
I wish to have a working tool and still trying to find the right strategy aside from buying low and selling
high, which most of the time, riding with hypes, this forum or other social media channels where developers
announce info about updates to their project. Give me a green sign to buy and hope for some luck to follow my back
to earn decent..

mindrust

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Quote from: SirLancelot on November 05, 2021, 04:28:44 PM

Quote from: mindrust on November 05, 2021, 04:04:05 PM

TA is fortune telling to me. I used to be a huge fan but then I realized fundamentals are way more important than TA.

I am not sure what are the advantages you are finding with fundamental analysis compared to technical analysis.

It is not that hard. When you compare something to nothing, the winner is obvious. In case you haven't noticed, TA is pretty much nothing.

The only situation where TA might work, it is when the conditions stay unchanged. But it is almost always not the case because conditions always change so does the price.

MIner1448

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Quote from: trickys on October 18, 2021, 11:41:51 PM

Do you use technical analysis when you trade bitcoin?
If yes, what are the best strategies? Bitcoin is so volatile now.

Technical analysis, of course, is great, but it should be combined with practice on the exchange, because a successful trader combines torus strategies and technical analysis together in order to achieve the desired result or minimize risks.

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Quote from: virasog on November 06, 2021, 01:01:58 AM

Quote from: trickys on October 18, 2021, 11:41:51 PM

Do you use technical analysis when you trade bitcoin?
If yes, what are the best strategies? Bitcoin is so volatile now.

What do you mean by the term "Technical Analysis" ? If you think that TA with the indicators works, then i am afraid it does not work.
The reason is that the all the indicators are lagging and none of them is a leading indicator. If you want to learn TA, then you should only know the price action theory. Its the price action which drives the market.

I'm sure anything related to indicators is what he meant. TA can be of great use for anyone who wanted to earn money by trading coins. He is asking strategies though which perhaps one could just generalize by saying buy low sell high.

But learning indicators is really a huge advantage being a trader because being equipped with this knowledge you would know when to sell and when to buy. My strategy is actually just identifying the market of the coin if it's overbought and oversold.

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