Topic: Do You Use Technical Analysis? - page 4. (Read 631 times)
Technical Analysis is important in trading, if you don't use TA I think you will experience a loss.
Do you use technical analysis when you trade bitcoin?
If yes, what are the best strategies? Bitcoin is so volatile now.
Every traders used technical analysis. No one can trade and profit without technical analysis. Even if you can do profit for 2/1 days without analysis. you will lose a lot laterIf yes, what are the best strategies? Bitcoin is so volatile now.
Do you use technical analysis when you trade bitcoin?
If yes, what are the best strategies? Bitcoin is so volatile now.
Well of course --yes!If yes, what are the best strategies? Bitcoin is so volatile now.
Sometimes when you forecast and predict the market price you need a tool to use and I think a simple plotting a graph and drawing a chart and having a technical analysis has advantages. This strategy has no real or accurate result and you can't rely on this that will happen, because the fact is, bitcoin price prediction is unpredictable and no one knows about the market.
Technical analysis should always be present if you are trading bitcoin. This will help you to come up with good indicators that will let you know how the market moves, identify the trends and create good predictions. Together with fundamental analysis, a bitcoin trader will develop good investment strategies so that trading will be more prone to success and create huge profits in the future. Without technical and fundamental analysis, i don't think how will a bitcoin trader be able to make profits due to its volatility.
TA will help you to increase your chance succeeding from this business, if you know how to calculate and you are goodin analysing the potential, Bitcoin's volatility provides good opportunities. If you understand the market well, TA can give you
good target to place your buy and sell orders.
Not easy but it's doable if you are really keen on mastering the system, this tool can establish good strategy when you deal
with your trading practices.
Bitcoin is always volatile, I don't think I need an extra minded analyst to trade bitcoin. All I am doing is to make some research and do some price and market analysis myself, buy bitcoin, then when it's up and I am sure I am in profit, I then sell. I do so for bitcoin because of the trust and the volatility it has, if not some Altcoins need deep analysis before trading them.
Do you use technical analysis when you trade bitcoin?
If yes, what are the best strategies? Bitcoin is so volatile now.
If yes, what are the best strategies? Bitcoin is so volatile now.
TA is mandatory these days considering how bitcoin is working. Actually bitcoin is volatile that is the reason you should be using TA and Fundamental analysis in the first place. You will be able to judge the sure path of trade once you master in the same.
Honestly I never got the chance to do so. I am solely working with my friends to understand the bitcoins next move. Those who are expert in the field (mostly they do share market) but I take their help to predict the bitcoin movement. They use amazing theorems available in the TA methods which helps detect the bitcoin movement.
Since I’m not the direct user of the TA, but with what I saw can be done with TA you must learn if you gonna be full time trader.
Do you use technical analysis when you trade bitcoin?
If yes, what are the best strategies? Bitcoin is so volatile now.
If yes, what are the best strategies? Bitcoin is so volatile now.
TA is mandatory these days considering how bitcoin is working. Actually bitcoin is volatile that is the reason you should be using TA and Fundamental analysis in the first place. You will be able to judge the sure path of trade once you master in the same.
Honestly I never got the chance to do so. I am solely working with my friends to understand the bitcoins next move. Those who are expert in the field (mostly they do share market) but I take their help to predict the bitcoin movement. They use amazing theorems available in the TA methods which helps detect the bitcoin movement.
Since I’m not the direct user of the TA, but with what I saw can be done with TA you must learn if you gonna be full time trader.
Do you use technical analysis when you trade bitcoin?
If yes, what are the best strategies? Bitcoin is so volatile now.
Yes I use technical analysis but for now any strategy you deploy for the bullish run is relevant. No analysis is 100% accurate but the core concerntration is buying from each time a new support forms ensuring you time the breakout quite early take profit on the third candle while you wait for another breakout making your chat look too complicated now isn't relevant since the chat is on a bull runIf yes, what are the best strategies? Bitcoin is so volatile now.
Anyways, we all have different strategies, the success of our trading journey is not all about Technical analysis but it matters a lot on how we respond to every situation we've faced.
Do you use technical analysis when you trade bitcoin?
But of course, what else would one be doing trading without Technical Analysis? How would one even be able to navigate the murky waters if not with the help of TA? Yes, to your question.If yes, what are the best strategies?
There's no holy grail in trading. I rely on leading indicators as a major part of my TA, even while taking cognizance of the fact that the market (crypto market) is a highly speculative one and nothing is that certain.Bitcoin is so volatile now.
This is even what makes Bitcoin enticing and exciting for traders. Once the market goes to sleep, a lot of traders don't like trading it. I believe the volatility is a plus for Bitcoin. I usually use technical analysis more than its fundamentals but the fact that this crypto market is so unpredictable due to its volatility, i end up using multiple strategies that will make me more profitable. But the best trading strategy i think that has less risk and what most of the traders are using is that buying from the dip, and selling in its peak. Even if you just sit the whole day waiting for the target price to reach, you will still make profits once the market price reaches its ATH.
Do you use technical analysis when you trade bitcoin?
But of course, what else would one be doing trading without Technical Analysis? How would one even be able to navigate the murky waters if not with the help of TA? Yes, to your question.If yes, what are the best strategies?
There's no holy grail in trading. I rely on leading indicators as a major part of my TA, even while taking cognizance of the fact that the market (crypto market) is a highly speculative one and nothing is that certain.Bitcoin is so volatile now.
This is even what makes Bitcoin enticing and exciting for traders. Once the market goes to sleep, a lot of traders don't like trading it. I believe the volatility is a plus for Bitcoin.
I definitely do not use any TA right now because it is a bull run and in a bull run you do not even need a TA type of deal to make a profit because you are going to be making a profit anyway so why care something about what's going on in the crypto world and trading world when you could just hold and still make that type of profit anyway?
This is why I believe that there is a good case that you could be making a good profit anyway without caring about what type of situation you are in, just focus on doing something that would basically be holding and accumulating and you will be richer so there is no reason to do something like TA right now. I personally believe that TA is overcrowded and people are looking at it like it is a method that you could be making a guaranteed profit if you are great at TA but that doesn't mean that you would be making that profit at all.
This is why I believe that there is a good case that you could be making a good profit anyway without caring about what type of situation you are in, just focus on doing something that would basically be holding and accumulating and you will be richer so there is no reason to do something like TA right now. I personally believe that TA is overcrowded and people are looking at it like it is a method that you could be making a guaranteed profit if you are great at TA but that doesn't mean that you would be making that profit at all.
Do you use technical analysis when you trade bitcoin?
If yes, what are the best strategies? Bitcoin is so volatile now.
Yes I use technical analysis but for now any strategy you deploy for the bullish run is relevant. No analysis is 100% accurate but the core concerntration is buying each time a new support forms ensuring you time the breakout quite early take profit on the third candle while you wait for another breakout making your chat look too complicated now isn't relevant since the chat is on a bull run If yes, what are the best strategies? Bitcoin is so volatile now.
Do you use technical analysis when you trade bitcoin?
If yes, what are the best strategies? Bitcoin is so volatile now.
I am prefer to future trade in Binance centralized exchange but I always follow 5 min candle chart for my future trade. Without technical analysis, future trade couldn't be possible. If yes, what are the best strategies? Bitcoin is so volatile now.
Do you use technical analysis when you trade bitcoin?
If yes, what are the best strategies? Bitcoin is so volatile now.
Every traders used technical analysis. No one can trade and profit without technical analysis. Even if you can do profit for 2/1 days without analysis. you will lose a lot laterIf yes, what are the best strategies? Bitcoin is so volatile now.
One thing I find interesting about TA is each and everyone will always have a different opinion regarding their findings on TA,
Few days back, I was in a telegram group chat where a guy claim that his TA indicates a dump on btc before the year end, he was so serious about his claim that I had to screenshot his post (waiting to see if his TA will be corrector not), while other TAs are bullish this guy is supper bearish,
TA is a good to tool for traders to use to make assumption of price to make a successful trade.
Few days back, I was in a telegram group chat where a guy claim that his TA indicates a dump on btc before the year end, he was so serious about his claim that I had to screenshot his post (waiting to see if his TA will be corrector not), while other TAs are bullish this guy is supper bearish,
TA is a good to tool for traders to use to make assumption of price to make a successful trade.
Every traders used technical analysis. No one can trade and profit without technical analysis. Even if you can do profit for 2/1 days without analysis. you will lose a lot later
Yeah, in my opinion if you remove the technical analysis part from your trading then you are just gambling and your trading is no more a scientific approach driven one. So, profiting just 1 or 2 days and then losing all the capital could not be considered as a method to follow; only consistently profit making alone should be considered as an example.I am into mid term trading and I am depending on my technical part for all my decisions. I have more than 80% hit ratio as I do simply stay away from market when my technical analysis is not getting me satisfying signals along with ongoing trend of market.
Do you use technical analysis when you trade bitcoin?
If yes, what are the best strategies? Bitcoin is so volatile now.
Every traders used technical analysis. No one can trade and profit without technical analysis. Even if you can do profit for 2/1 days without analysis. you will lose a lot later If yes, what are the best strategies? Bitcoin is so volatile now.
TA's couldn't be hard as long as we want to learn. It might be hard at first but as if you were enjoying doing this, that seems so easy for sure.
That is the basic psychology of every learner. If you are ambitious and looking for making use of all the available opportunity then you will definitely go for enjoying your learning process. Just self-motivating ourselves and dreaming about our big achievements will help us to enjoy our learning phase.I usually try to determine the position of the indicator and keep an eye on what kind of news is going on in the market. I do my own analysis on the combination of indicators and news.
You sound like a professional trader; what are your success rate against your total number of trades, I am just curious to know that. Taking care of news in our trading will definitely have positive impact but for avoiding unnecessary complications, I simply avoid trading at new hours. Just skipping high volatile trading session helps me to protect my capital even I am not making any profits in those high fluctuations. Do you use technical analysis when you trade bitcoin?
If yes, what are the best strategies? Bitcoin is so volatile now.
If yes, what are the best strategies? Bitcoin is so volatile now.
I must use technical analysis when trading. Technical analysis is done individually. Many times everyone's analysis is not the same. I usually try to determine the position of the indicator and keep an eye on what kind of news is going on in the market. I do my own analysis on the combination of indicators and news.
Do you use technical analysis when you trade bitcoin?
If yes, what are the best strategies? Bitcoin is so volatile now.
I don’t trade with Bitcoin most of the time but of course when you do trading Technical analysis is very important because this is your guide so you can know when to buy and sell. I don’t see trader to become successful if they are not using TA at all, that’s too risky for you so better to learn how to analyze now. If yes, what are the best strategies? Bitcoin is so volatile now.
I don't think it was just important but actually, it was necessary to learn it before trading as this could help us a LOT. I don't just think but for sure traders had been doing this otherwise, you just making a wild guess. If that will be the case, I can't see a productive trading but definitely, it will just lead for us to lose.
TA's couldn't be hard as long as we want to learn. It might be hard at first but as if you were enjoying doing this, that seems so easy for sure.
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