Topic: Do You Use Technical Analysis? - page 5. (Read 621 times)
Firstly, I trade less than 20% of my bitcoin portfolio. And to answer your question, I use chart tools with others to trade bitcoin and other cryptocurrency. Technical analysis help you to know the general condition of the market. It also helps you for proper entry and exit strategy in your trade, this are very useful whether you are trading spot or future market!
Do you use technical analysis when you trade bitcoin?
I mean, why even day trade if you're not using TA lol. Where the heck are you going to base your trades from.If yes, what are the best strategies?
There is no "best trading strategy" just like how there isn't such thing as "best business strategy". Traders try out multiple strategies, and use the one that works best for them.Bitcoin is so volatile now.
Bitcoin has been volatile since forever.
i use RSI and moving average
Of course, trading without technical analysis doesn’t make any sense.
If you do short-term trading, then you must know technical analysis because your trades rely on how well you can read charts.
If you do short-term trading, then you must know technical analysis because your trades rely on how well you can read charts.
Do you use technical analysis when you trade bitcoin?
If yes, what are the best strategies? Bitcoin is so volatile now.
Trading in general yes because TA works for every cryptocurrency and not just on Bitcoin alone.If yes, what are the best strategies? Bitcoin is so volatile now.
I see this as a very important tools to timing the market properly because if you didn’t use this, how can you know if its good to buy or not.
The common indicator that I’m using every time I trade are MA, EMA, and RSI this is very helpful to me and I’d hope that it can work to you as well.
any basis or input on what you should gonna do with your current decision because if you do just randomly make out some position without any basis then you are just
simply doing gambling which it isnt really that suggested when it comes to trading investment or activity. Of course technical analysis is a must thing to know
because this had been the default for you to learn.
Do you use technical analysis when you trade bitcoin?
It is the way we are able to make trading more profitable as it helps to make decisions out of this highly volatile market. Many people never appreciate this thing as they never understand and try it in real life. But of course, we can't just rely fully on TA, it must be accompanied by our strategies and mindset. Quote
If yes, what are the best strategies? Bitcoin is so volatile now.
-you must have to trust the market-try to analyze the chart
-take advantage of every correction
-Don't get frustrated when you lose but instead, accept it and have to prove to yourself that you can do it.
Do you use technical analysis when you trade bitcoin?
If yes, what are the best strategies? Bitcoin is so volatile now.
Trading in general yes because TA works for every cryptocurrency and not just on Bitcoin alone.If yes, what are the best strategies? Bitcoin is so volatile now.
I see this as a very important tools to timing the market properly because if you didn’t use this, how can you know if its good to buy or not.
The common indicator that I’m using every time I trade are MA, EMA, and RSI this is very helpful to me and I’d hope that it can work to you as well.
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.
Do you use technical analysis when you trade bitcoin?
If yes, what are the best strategies? Bitcoin is so volatile now.
I do, then I ignore them. This may sound weird to some people, but I like to just do TA and see where things are going and then ignore them. It is quite great to do that because in the end I know what "it should" do thanks to TA but then I ignore it whenever I want to. This allows me to follow my gut while knowing the situation in the market.If yes, what are the best strategies? Bitcoin is so volatile now.
Most often situation would be doing what I should do based on TA but there are times when I just do exactly the opposite of what TA says and I make a profit that way as well. I am not saying that it will always be like that, I lose money in both methods, but the overall seems to be doing fine for now.
Technical analysis is a must for me before trading. analysis is done to find out where the price will go. do not enter without direction and purpose, it will only make you blind and do not know the direction.
There are many different strategies that can be used. The most important thing is to do capital management, risk management and good psychological management. Technical analysis is the main reference for trading and is supported by some management that must be done.
Not only for you but for most of us because trading having no these kind of technical indicators is really hard.Market is unpredictable and there's no way that you could progress or make profits on your own or withoutThere are many different strategies that can be used. The most important thing is to do capital management, risk management and good psychological management. Technical analysis is the main reference for trading and is supported by some management that must be done.
any basis which its really just sensible that you would really be having some sort of tools or indicators so that you could able to at least handle up yourself towards this market.
Just like what others been said that going into the market without any preparation is something that you are just simply burning your capital or money,.
Well, yes of course, I use Technical Analysis. To say the truth, I’m a lot busy by onother work and don’t keep a close eye on everyday changes in cryptomarket. So when I occasionally want to trade I carefully examine the market all ups and downs on 15 min/1 hour/ 4 hours/day graphics, sometimes I look what happened several years ago in similar situations. I also have friends that are more advanced traders, so when I doubt, I ask their opinion. But I definitely understand that everything I do is by my own decision and all successes as well as errors and omissions are mine. BTC is always very volatile, so no one can tell you for sure what order to put.
MACH, MA and RSI are the three major indicators I used to aid my trading, I picked candlestick patterns as my main TA with those three indicators serving as a guide, however my main TA involve how those candlesticks are formed after the close of each candle which determine whether I am going to short or long. The importance of TA in trading cannot be ignored because once a trader get accustom to it such a trader will always make profits in trading,
Technical analysis is a must for me before trading. analysis is done to find out where the price will go. do not enter without direction and purpose, it will only make you blind and do not know the direction.
There are many different strategies that can be used. The most important thing is to do capital management, risk management and good psychological management. Technical analysis is the main reference for trading and is supported by some management that must be done.
There are many different strategies that can be used. The most important thing is to do capital management, risk management and good psychological management. Technical analysis is the main reference for trading and is supported by some management that must be done.
Someone who is a trader would have to know and understand both technical and fundamental analysis (especially technical analysis) to have a better chance at succeeding as a trader. When you look at a coin from both sides you will be able to know when to trade and whether you’re going to make profit from trading it at that moment.
And there is no one reliable strategy, you have to know the right strategy to make use of and at the right time. Your strategy is something that you will have to keep changing constantly. If there is only one strategy that works, then everyone would know that by now and keep relying on it, but there is nothing as such, you have to work hard.
And there is no one reliable strategy, you have to know the right strategy to make use of and at the right time. Your strategy is something that you will have to keep changing constantly. If there is only one strategy that works, then everyone would know that by now and keep relying on it, but there is nothing as such, you have to work hard.
Do you use technical analysis when you trade bitcoin?
If yes, what are the best strategies? Bitcoin is so volatile now.
For an active trader, high volatile nature is the most preferred one; you will come to know about it when you develop your own strategies. Almost all the trades must be making use of technical analysis because you cannot handle the volatility without it. So, start learning it as soon as you realize its importance and if you are preferring to pursuit a career with crypto trading.If yes, what are the best strategies? Bitcoin is so volatile now.
You can make use of this forum on what you need to do and what you need to avoid while you are into preparation phase of learning. After that, you must keep learning and then should practice on real environment side by side to make sure that you are not just into only theoretical but also into real market exposure.
No one will enter a trade without doing technical analysis it is just you are playing gambling and just betting without knowing what is happening
I will say for day traders you are correct, but some people because of fundamental analysis (what they heard on news) buy bitcoin or sell it and it goes in the direction predicted. Just like people that sold bitcoin during China crackdown on mining and people that bought bitcoin during ETF approval.there is a lot of strategy you can use there are some common strategies and you can make strategies on your own but not all strategies works every time since just like what you have said the Bitcoin is really volatile.
Yes but altcoins are more volatile and have more risks than bitcoin, best to use bitcoin. The strategy someone use might go otherwise at times, but it should just be at times, someone's strategy should favor 9 or more trades out of 10. Do you use technical analysis when you trade bitcoin?
If yes, what are the best strategies? Bitcoin is so volatile now.
I'm not so often make trades particularly do it on a regular basis. Meanwhile, when the time come mostly I used to do it with some commons technical analysis such as macd, rsi, or support and resistance.If yes, what are the best strategies? Bitcoin is so volatile now.
Bitcoin is so volatile now.
It is always like that way, no need to bother too much with it Do you use technical analysis when you trade bitcoin?
If yes, what are the best strategies? Bitcoin is so volatile now.
Yes, of course, and I think, majority of the traders use this. Some people don't find it useful as in their minds that it won't give 100% assurance but at least we got some hints to where the market trend goes. And besides, this is not the only thing we use to trade. If yes, what are the best strategies? Bitcoin is so volatile now.
Can we trade not using it (TA)? YES, but you can see the big difference when you are using TA and the bigger chance that you will just lose than having a good trade. You can appreciate more about trading if you were able to know and use TA in your trades. It is not hard to learn this as long as you wanted to know and want to step up.
Do you use technical analysis when you trade bitcoin?
If yes, what are the best strategies? Bitcoin is so volatile now.
Yes, ive been using technical strategies on the time i had stepped my foot on this market because you cant really just make out decisions whenever there's a news and we know that not most of the time If yes, what are the best strategies? Bitcoin is so volatile now.
we've been dealing with news or events in the market which means it is just sensible that you do make use of another analysis just like on TA's.
Common Indicators ive been using.
1. Support and Resistance Line
2. EMA
2. RSI/MACD
4. Fibbonacci
These are the 4 indicators which somehow gives my some idea on where price could possible go but
you should mind off that it wasnt precise from time to time.
Do you use technical analysis when you trade bitcoin?
If yes, what are the best strategies? Bitcoin is so volatile now.
I do and with the help of other different indicators but most likely focused on the volume, RSI and sometimes on Fibonacci tools. I don't think there's best of strategies out there, I mean who can even find one? I think when it has been traded on the general public it has been that volatile.If yes, what are the best strategies? Bitcoin is so volatile now.
That is one of the most well-known indicators, and it is most likely widely used, but people combine it with other indicators to create their own strategy. Well, this is a hotly debated topic because not everyone wants indicators, and some traders only want naked trading. There are also traders who want almost all of the indicators on the chart. There are also gifted individuals who create their own indicators and strategies, which I have mostly used in bitcoin but not in other cryptos due to BTC's high volatility. It's just a straightforward trend-following strategy.
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