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Topic: Do You Use Technical Analysis? - page 2. (Read 621 times)

legendary
Activity: 3136
Merit: 1172
Leading Crypto Sports Betting & Casino Platform
November 06, 2021, 12:01:58 AM
#97
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.
legendary
Activity: 2590
Merit: 1882
Leading Crypto Sports Betting & Casino Platform
November 05, 2021, 09:07:41 PM
#96
I don't think analytical techniques are the best strategy for dealing with the market. We know that if the market is very volatile, this is what makes the analysis not fully run smoothly, because it could be when you have found a strategy but suddenly the market moves not according to the analysis you get. Cases like this often happen even. But you can do analysis techniques just in case.
Not a perfect one but you can use it as basis, there are many factors that affects the market, high volatility comes with whales is really hard to predict, there's no TA when whales move inside and influenced the entire market movement, we all aware that those people are well knowledgeable in terms of making money from this venue of investment, be very careful with how you deal and interpret the market, it will help you a lot if you try not just to use one but every possible tools to anticipate the market.

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.
hero member
Activity: 2002
Merit: 535
November 05, 2021, 06:23:24 PM
#95
technical analysis is a staple in my trading. With technical analysis, I can plan the buying and selling areas, so that the framework that I will implement is clear. and after that I can trade with that reference. but not only technical analysis that makes us successful in trading, but psychological trading is also very decisive, because not all of our analysis will be correct of course, and we must be able to see it
I would like to know what is the reference point you take when you are taking the technical analysis of the market that could help in planning when to buy and sell.

The only analysis i take is to identify the support and resistance level in two bands and the rest i do not even bother to look as it is difficult to predict exactly in which direct the market moves even if you have N number of experience in the market.
legendary
Activity: 2534
Merit: 1338
November 05, 2021, 05:45:41 PM
#94
TA is fortune telling to me. I used to be a huge fan but then I realized fundamentals are way more important than TA.

TA gives you an idea but counting on that idea alone is very very very dangerous.

TA is shaped by the fundamentals of the asset. It is not the other way around.
All TA is not created equal, there is some TA that is worth it and can give you more insight not only about where the price will go but about other aspects of the market, but there is no doubt there is a lot of TA which is trash and that as you say it is not better than fortune telling, with this in mind then it is important to learn the difference and ignore the trash TA, which is the majority of the TA we can find, and the good TA which can give us more insights about the market.
legendary
Activity: 2338
Merit: 1124
November 05, 2021, 03:44:31 PM
#93
bitcoin market is influenced by many factors and not just technical analysis driven hence we need to take care of news and events so that we can exit at stop loss levels when our technical analysis is going wrong.
Technical analysis may get failed due to various reasons but watching news alone will not help you here. Moreover if you are good at technical analysis then you will be having stoploss level along with your entry. It means even you are not watching news you will be getting chances to exit at predetermined stoploss level given that you are good at technical analysis in all means.

I am sure all short term traders must be into technical analysis for decision making. If you are missing out technical analysis in your short term trading then I must say that you are not into trading anymore but you are simply gambling with price levels.
hero member
Activity: 2926
Merit: 722
DGbet.fun - Crypto Sportsbook
November 05, 2021, 03:39:21 PM
#92
TA gives you an idea but counting on that idea alone is very very very dangerous.

TA is shaped by the fundamentals of the asset. It is not the other way around.
This is the reason, we are seeing considerable amount of traders come here to cry out about the failure of their technical analysis in the end. Because bitcoin market is influenced by many factors and not just technical analysis driven hence we need to take care of news and events so that we can exit at stop loss levels when our technical analysis is going wrong.

I am also making use of technical analysis for my trading but I am just converting trading bitcoins into long term holding if my technical analysis is not helping me to crack profit for a day.
Not just a few but most of the time a trader becomes a long-term holder, and what happens to you has also happened to the others( even me).
It was decided to hold because the reality is that trading can't be good all the time. We feel much stress and difficulty in formulating TA's and besides, a thing that we can't rely upon nor it gives an accurate market direction. As long as the market is still unpredictable, that TA will also remain just a sort of speculation.

We can make use of TA on our trade, even if we just holding but have to bear in mind that this can't be 100% effective.
When it comes to precision or being accurate then this is something always not really possible no matter how good you are neither a technical type of trader or a fundamentalist too.

This market is known to be unpredictable and very volatile which it could go up and down without any reason which means that all of analysis made wont
give out an assurance but somehow it does give out some advantage compared into those traders who dont use any.

TA's are the most common indicators been using on this market.You cant just hear out news from time to time so its just normal that you would
see on where people would be heading on.
sr. member
Activity: 2828
Merit: 344
win lambo...
November 05, 2021, 03:33:49 PM
#91
TA gives you an idea but counting on that idea alone is very very very dangerous.

TA is shaped by the fundamentals of the asset. It is not the other way around.
This is the reason, we are seeing considerable amount of traders come here to cry out about the failure of their technical analysis in the end. Because bitcoin market is influenced by many factors and not just technical analysis driven hence we need to take care of news and events so that we can exit at stop loss levels when our technical analysis is going wrong.

I am also making use of technical analysis for my trading but I am just converting trading bitcoins into long term holding if my technical analysis is not helping me to crack profit for a day.
Not just a few but most of the time a trader becomes a long-term holder, and what happens to you has also happened to the others( even me).
It was decided to hold because the reality is that trading can't be good all the time. We feel much stress and difficulty in formulating TA's and besides, a thing that we can't rely upon nor it gives an accurate market direction. As long as the market is still unpredictable, that TA will also remain just a sort of speculation.

We can make use of TA on our trade, even if we just holding but have to bear in mind that this can't be 100% effective.
full member
Activity: 1204
Merit: 162
November 05, 2021, 03:31:02 PM
#90
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.
If your a short term trader then you must need to go for technical analysis rather than sticking with fundamental analysis.

At the same time, you are referring to holding kind of long term trading with the help of fundamental analysis then I believe you are just doing perfect because for such a long term trading fundamental analysis is more than enough. I am into all types of trading and I am depending on both fundamental and technical analysis because if only fundamental are good I will go for trading that coin pair and based on market conditions, I will be deciding about long term or short term trading.
Yeah at the end it gets to it are you going to keep coin long term or day/swing trade. TA is a must for day trading and it's usefull.
hero member
Activity: 2646
Merit: 582
Leading Crypto Sports Betting & Casino Platform
November 05, 2021, 03:28:44 PM
#89
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.
If your a short term trader then you must need to go for technical analysis rather than sticking with fundamental analysis.

At the same time, you are referring to holding kind of long term trading with the help of fundamental analysis then I believe you are just doing perfect because for such a long term trading fundamental analysis is more than enough. I am into all types of trading and I am depending on both fundamental and technical analysis because if only fundamental are good I will go for trading that coin pair and based on market conditions, I will be deciding about long term or short term trading.
full member
Activity: 1134
Merit: 140
November 05, 2021, 03:14:29 PM
#88
TA gives you an idea but counting on that idea alone is very very very dangerous.

TA is shaped by the fundamentals of the asset. It is not the other way around.
This is the reason, we are seeing considerable amount of traders come here to cry out about the failure of their technical analysis in the end. Because bitcoin market is influenced by many factors and not just technical analysis driven hence we need to take care of news and events so that we can exit at stop loss levels when our technical analysis is going wrong.

I am also making use of technical analysis for my trading but I am just converting trading bitcoins into long term holding if my technical analysis is not helping me to crack profit for a day.
legendary
Activity: 3276
Merit: 2442
November 05, 2021, 03:04:05 PM
#87
Following the strategy that I had never invest in the same coin again and again which can also stable me and having much time for other coins to think about, due to this it is also giving me much profit, you can also get profit by investing in different coins instead of investing in the same coin which may be better for you.
If your old coins are not anymore profitable for you, then maybe its time for you to find new coins that you think have brighter future and has a real usage case that will attract more demands from the community. And when you trade, its better to use technical analysis so that you will know its chart patterns and identify trends and come up with a good forecast on how the coins will move in  the market in the next days. Or maybe just follow the basic strategy that most people here do, buy at the bottom and sell at the top.

That buy low and sell high strategy, TA may help you to analyze and make a good position for the betterment of your trade. There are many aspects that influenced the market better to have good sets of strategies to use. If you are more on day trade or short-term trade, you have to analyze the market and what are the possibilities before you start placing your money.

But if you are more on maximizing your profits, long-term is more appropriate, buy and hold, keep the market to cycle wait till you
reached your target, then decide what next to do with your investment.

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

TA gives you an idea but counting on that idea alone is very very very dangerous.

TA is shaped by the fundamentals of the asset. It is not the other way around.
legendary
Activity: 2996
Merit: 1054
Leading Crypto Sports Betting & Casino Platform
November 05, 2021, 03:01:22 PM
#86
Following the strategy that I had never invest in the same coin again and again which can also stable me and having much time for other coins to think about, due to this it is also giving me much profit, you can also get profit by investing in different coins instead of investing in the same coin which may be better for you.
If your old coins are not anymore profitable for you, then maybe its time for you to find new coins that you think have brighter future and has a real usage case that will attract more demands from the community. And when you trade, its better to use technical analysis so that you will know its chart patterns and identify trends and come up with a good forecast on how the coins will move in  the market in the next days. Or maybe just follow the basic strategy that most people here do, buy at the bottom and sell at the top.

That buy low and sell high strategy, TA may help you to analyze and make a good position for the betterment of your trade. There are many aspects that influenced the market better to have good sets of strategies to use. If you are more on day trade or short-term trade, you have to analyze the market and what are the possibilities before you start placing your money.

But if you are more on maximizing your profits, long-term is more appropriate, buy and hold, keep the market to cycle wait till you
reached your target, then decide what next to do with your investment.
hero member
Activity: 2856
Merit: 667
November 05, 2021, 02:49:22 PM
#85
Following the strategy that I had never invest in the same coin again and again which can also stable me and having much time for other coins to think about, due to this it is also giving me much profit, you can also get profit by investing in different coins instead of investing in the same coin which may be better for you.
If your old coins are not anymore profitable for you, then maybe its time for you to find new coins that you think have brighter future and has a real usage case that will attract more demands from the community. And when you trade, its better to use technical analysis so that you will know its chart patterns and identify trends and come up with a good forecast on how the coins will move in  the market in the next days. Or maybe just follow the basic strategy that most people here do, buy at the bottom and sell at the top.
full member
Activity: 584
Merit: 100
$CYBERCASH METAVERSE
November 05, 2021, 11:16:35 AM
#84
Following the strategy that I had never invest in the same coin again and again which can also stable me and having much time for other coins to think about, due to this it is also giving me much profit, you can also get profit by investing in different coins instead of investing in the same coin which may be better for you.
hero member
Activity: 2604
Merit: 816
🐺Spinarium.com🐺 - iGaming casino
November 05, 2021, 10:48:08 AM
#83
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.
member
Activity: 994
Merit: 11
Daxetoken.net
November 05, 2021, 10:29:31 AM
#82
Do you use technical analysis when you trade bitcoin?
If yes, what are the best strategies? Bitcoin is so volatile now.

That is important ingredients for a better trading. Need to learn both technical and fundamental analysis and also you should understand the graph and price movement so that you can place buy and sell order that can give you profit.
jr. member
Activity: 140
Merit: 2
November 05, 2021, 10:25:50 AM
#81
I use this option quite often, because it is a pretty good analysis option. At least, this is quite enough for me to work.
sr. member
Activity: 1344
Merit: 253
November 05, 2021, 10:22:22 AM
#80
technical analysis is a staple in my trading. With technical analysis, I can plan the buying and selling areas, so that the framework that I will implement is clear. and after that I can trade with that reference. but not only technical analysis that makes us successful in trading, but psychological trading is also very decisive, because not all of our analysis will be correct of course, and we must be able to see it
legendary
Activity: 2716
Merit: 1092
Leading Crypto Sports Betting & Casino Platform
November 05, 2021, 09:41:47 AM
#79
Do you use technical analysis when you trade bitcoin?
If yes, what are the best strategies? Bitcoin is so volatile now.
For bitcoin usually i am not use technical analysis, usually i follow what news or maybe rumour that will be happen to bitcoin, if missed so i will hold it. I think if compare bitcoin trading to altcoin trading is have little differen, for me and this is only personal opinion. Because risk in alt, although price moving faster than bitcoin still need technical analysis to see where it will go. And bitcoin usually tend to stable and maybe increased, although usually only a little percent.
hero member
Activity: 2660
Merit: 651
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November 05, 2021, 03:36:27 AM
#78
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.
@trickys, The Bitcoin market is constantly volatile though the market of Q4 is always highly volatile due to market manipulation.
 @Sihab76, analyzing the market using T.A and F.A is good but it also doesn't guarantee your trading success and trading new coins are never s good. However, you can choose to invest in it if you see a sparkle in it.
@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.
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