Topic: Does technical analysis have any value for Bitcoin? - page 2. (Read 419 times)
Totally relying on Technical Analyisis on your trades and investments is quite a bad idea. These tools sometimes help but only to further validate your predictions/intuition of the market's future. Remember that cryptocurrency market is volatile and tend to swing with recent news and events with relation to cryptocurrencies. I prefer to watch the current happenings and take advantage to buy/sell depending on the situation. Time is money in trading because price changes may happen suddenly in short periods of time.
In my opinion if for trading, technical analysis is needed in bitcoin. Technical analysis is useful not only in the forex or other investment markets including the cryptocurrency or bitcoin market because technical analysis is used to describe patterns of price movements.
Although i don't really depend on analysis but i think it helps more people to invest in Bitcoin specially if the analysis is not in favor of FUD therefore as long as it will help to promote the Bitcoin market then analysis is just fine and a good tool for me so yes it has a value.
If technical analysis is always or should I say 90% correct, don't you think people will find a way to learn about it and be an expert in TA's? Or maybe someone will create a bot that will do TAs for us and tell us which coin to buy according to TA. Maybe TA's can help you decide, but I think 60% of your decision will come from your emotion or feeling.
I always re-analyze, don't trust anyone completely because no one knows for sure where Bitcoin will go
but every trader uses technical analysis even though they are not too sure. too many factors affect the price of bitcoin
but every trader uses technical analysis even though they are not too sure. too many factors affect the price of bitcoin
No, people have tried to predit movements of BTC, but it's never worked, because, ever since BTC was created, no one was able to predict movements correctly.
I've never listened to any "professional investors" or technical analysis, most of them are shillers and it's always safer for you to listen and read the news, make your own judgment and then invest as you see fit.
I've never listened to any "professional investors" or technical analysis, most of them are shillers and it's always safer for you to listen and read the news, make your own judgment and then invest as you see fit.
I think that technical analysis is always about statistics and I don't believe in its accuracy. However, it affects traders decisions and that is how it is affecting the price. The price will always listen to the majority's direction.
It is the same for btc.
That is what I believe.
It is the same for btc.
That is what I believe.
It depends. for analysts sometimes it just plunges can also be true, but most of the analysis they make that makes a panic and can also plunge for new users, without realizing they are trapped in the analysis of deception, what's more analysis analysis from outside media is always out of line about the analysis bitcoin, therefore I judge this is dependent on the analyzer itself ..
The person who made the analysis is the one who will benefit from his own interpretation. It's tough to follow how things will work out since the market is prone with many volatilities, you have to be precise making any assessment. Your observations with how the market will proceed gives you a better position to invest your money in the right place of time. Technical analysis will work if you do follow your system. 
Very high volumes are required for the technical analysis to be efficient. Only the bitcoin can provide this necessity. Please note that the total volume of crypto coins is 220 billion dollars. In the traditional exchange, a daily volume of $5.5 trillion
Honestly, it is very helpful in my bitcoin analysis. Lately, I have converted by bitcoin into fiat before the market goes down. And that because I have read it from my technical analysis, I've seen bear is coming so I have sold my btc immediately.
It is not always working because of so many sideways but at least I have a basis for my bitcoin tradings and have a knowledge when is the time to buy and sell bitcoin.
It is not always working because of so many sideways but at least I have a basis for my bitcoin tradings and have a knowledge when is the time to buy and sell bitcoin.
Every day experts share BTC technical analysis and charts.
They look good but actual results are often total opposite.
Are they helpful in you Bitcoin decisions?
TA is basically just a possible reaction or result by taking in different factors involved in the problem. They are valued and albeit helpful at times, but only take it as only one factor when deciding things about bitcoin. Do not base your decision solely out of it.
My analysis before I made a coin purchase especially Bitcoin. I will be monitoring some markets that have large volumes like Binance. I see that in the market there must be an application or chat Group. And they are always compared to the price of coins that are on Binance exchange.
I think that's true because I also do that. Although sometimes also does not correspond to what I monitor. The Crypto market is very difficult to predict. But I also will not give up to make a profit. So any analysis that can give a good option, I think is not a problem.
I think that's true because I also do that. Although sometimes also does not correspond to what I monitor. The Crypto market is very difficult to predict. But I also will not give up to make a profit. So any analysis that can give a good option, I think is not a problem.
Technical Analysis is actually a study of human psychology and their reaction on a market. It's a test of human behavior and not financial behaviour and this is the reason which makes it so universal that it could be used in almost any market in the world. Crypto market is no different from any other market therefore yes the charts do have a lot of significance on this market too. However, every market is a bit different from others and so are the people engaged in the market. This is the reason why traditional charters of stock market find their charts to be pretty unuseful in this market. However a good strategy and setup still has a lot of value in this market. So yes charts do work in this market.
It depends. for analysts sometimes it just plunges can also be true, but most of the analysis they make that makes a panic and can also plunge for new users, without realizing they are trapped in the analysis of deception, what's more analysis analysis from outside media is always out of line about the analysis bitcoin, therefore I judge this is dependent on the analyzer itself ..
From my experience I can tell you that BTC does not behave like the tech analysis would point... (at least most of times)
It is a very small market in which there are a handfull of large holders that play market makers... they use all this legion of supposed TA experts to spread the word... and then they eat all the shorts...
It is a very small market in which there are a handfull of large holders that play market makers... they use all this legion of supposed TA experts to spread the word... and then they eat all the shorts...
For me, technical analysis is the most effective in terms of forecasting the price of the bitcoin. It is already proven that we can use technical analysis in order to protect and grow our funds.
Looking good forecasting result or to predict with the basis and might guessing almost possible to happen because of having indicators. Yet, that is how to work the technical analysis and that is useful when it comes trading as an indicator. Don't forget the fact that this is only an indicator, bitcoin price movement is unpredictable and very volatile in the market. Manage your own risk and be responsible for trading.
For me, technical analysis is the most effective in terms of forecasting the price of the bitcoin. It is already proven that we can use technical analysis in order to protect and grow our funds.
Every day experts share BTC technical analysis and charts.
They look good but actual results are often total opposite.
Are they helpful in you Bitcoin decisions?
Never assume that the analysis you have done is perfect, because it is not you who control the market. The name of analysis cannot be 100 percent accurate. There are times when your analysis isn't quite right.
No matter how sophisticated the technical indicators used, or in-depth research on news, all will not be helpless to face the real power.
If the seller's power is too large, no matter how great the analysis, the price will still go down.
I think the best TA has not yet been invented, it can actually be an indicator, and that is what can measure people's emotions when they enter the market. Perhaps the best technical analyst or even the best fundamental analyst, has everything intact and very elegant, but when a Crash or Rally not contemplated occurs, all your analysis is automatically invalidated, there is still no such indicator or indicator that tells us which people Think in strong hands that are the creators of the market. Bitcoin's recent decline canceled many analyzes of many famous ATs, the market is like that.
I think that the TA can help us make a decision, because they are only mathematical tools, patterns, but it should not be decisive, the market is very extensive to only analyze it in this way, the market is like a great Symphony Orchestra that must know how to address and go in the same direction so that you get in harmony with it.
I think that the TA can help us make a decision, because they are only mathematical tools, patterns, but it should not be decisive, the market is very extensive to only analyze it in this way, the market is like a great Symphony Orchestra that must know how to address and go in the same direction so that you get in harmony with it.
Too many unknown factors, a single country just talks about a new law and the price can Tank. A single company starts accepting bitcoin or creates their own and the price shoots up. We've all seen it happen. So, tell me about your charts new guy with a degree that didn't include bitcoin. Give me your best shot.
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