some indicators are lagging and some leading, because if the trader will use the indicator for trending market to a chart which is trading in a range.
then how the trader will be able to get right signal applying wring indicator? I think the main cause is this for TA not working.
I will make strategies for trending market and range bound market, and wait for the opportunity because most of the time we be impatient and take wrong trades which causes losses.
MACD is good in trending market even moving averages also work great.
Topic: Does technical analysis work in crypto trading? (Read 531 times)
If you invest in the crypto market, you really need careful calculations and research because in trading no one can guarantee that it will run smoothly according to our wishes, but we are expected to be able to follow market changes to the maximum and the market will never be free from the volatility factor and play. with no pressure at all to succeed in the market.
With volatility, many experienced traders always take the opportunity to make money instead of avoiding not entering again and indeed currently Bitcoin is still facing an uncertain direction whether it will match what people say will rise strongly in the early months of next year for whatever reason. BTC is down, this also has an impact on other Altcoins too.
With volatility, many experienced traders always take the opportunity to make money instead of avoiding not entering again and indeed currently Bitcoin is still facing an uncertain direction whether it will match what people say will rise strongly in the early months of next year for whatever reason. BTC is down, this also has an impact on other Altcoins too.
For all my 5 months in trading, I'm learning only technical analysis but now everyone is talking about the concept of "Smart Money". So I think that trading is changing and speculators should stop trading based on technical analysis. Or smart money just a concept that cannot possibly work in the market,
Technical analysis is a great tool for trading, at least in my case it has helped me a lot over the years and I still use it today. I can understand that some people are skeptical to only use past data to try and identify trends to base their strategies on, but it definitely works. Already by looking at the charts we can see those crypto currencies, like most other asset classes tend to move in cycles. With technical analysis we can identify these cycles and trade accordingly. The problem we have in technical analysis is that there are so many different indicators and it's not that all of them are going to give us the same answer. We need to choose carefully which indicators we are using and when there is conflicting data, we need to make further analysis. There is a lot of noise in the crypto markets and we need to make sure we use actual trading signals and not fall for over or under reactions. Technical analysis is just a tool that gives us indications and not something that will make us rich quickly.
Technical analysis is a very important tool use by most investors, it help them to identify market trends and predict the future price movements of a particular project.
By carrying out technical analysis an investor might be able to find out how real a project is and it potential
By carrying out technical analysis an investor might be able to find out how real a project is and it potential
People who say that technical is not working is because they don't know even place a support and resistance in a right place, i think with price action, fibo and trendline, you can know the trend and just follow after a pullback and some fundamentals comfirmations, the sentiment analysis can be hard but with a minimum risk and good monney management i think that you can take good trade, no over traiding and avoid volatility.
I don't think their is anything that beat technical analysis when it comes to trading, it gives you a clear insight of the price the action and it possible next move, those people talking about smart money are only saying it because they as institution they comes together to move the price of an asset to their advantage, unlike you and me that is a retail trader, that the best we can do if we want to be profitable is to analysis the market properly and moves according to the structure of the market.
You are just 5months old in the business, you really do have a lot to learn, with time you will learn the hard way, and you will stop listening to people that knows nothing about trading.
I often hear that TA does not work but where is the alternative? Where is this strategy that can allow a person to make more money than the traders which use TA and why we have never heard about it? And we have never heard about it because it does not exist, anyone that wants to become a trader needs to use TA, as even those that trade the news still have to make use of TA to know how much money to use when they open their positions and need to use it to know when to close them as well. You are just 5months old in the business, you really do have a lot to learn, with time you will learn the hard way, and you will stop listening to people that knows nothing about trading.
I don't think their is anything that beat technical analysis when it comes to trading, it gives you a clear insight of the price the action and it possible next move, those people talking about smart money are only saying it because they as institution they comes together to move the price of an asset to their advantage, unlike you and me that is a retail trader, that the best we can do if we want to be profitable is to analysis the market properly and moves according to the structure of the market.
You are just 5months old in the business, you really do have a lot to learn, with time you will learn the hard way, and you will stop listening to people that knows nothing about trading.
You are just 5months old in the business, you really do have a lot to learn, with time you will learn the hard way, and you will stop listening to people that knows nothing about trading.
For all my 5 months in trading, I'm learning only technical analysis but now everyone is talking about the concept of "Smart Money". So I think that trading is changing and speculators should stop trading based on technical analysis. Or smart money just a concept that cannot possibly work in the market,
Technical analysis works fine and everything that happens out there in the market both the news events are represented there in the chart, but the problem we as traders have is that we will always make trading mistakes in our analysis or our actions in the market, and that makes technical analysis seem not working perfectly, human emotions affects the direction of the market as trader will tend to react to the changing market as sudden events like war, bad economic news etc. unfolds, While on the smart money concept, I urge you to go study the Wyckoff schematic of method accumulation and distribution phase, you would realize that it plays out most of the time in the market. Technical works both in the traditional market and in the crypto markets.
Not only technical analysis works in cryptocurrency trading and the fact that such is being used does not give the accurate conclusion to wether it could be the best of it all, we can also have some available alternatives in most times, it's in our new attempts on using any of the means or strategies in performing our trades that determines what we see in reflection of our kind of trade in consideration most times, we may just also needs to know much of ourselves than the other prediction analysis we may have.
This is the mistake of other people since they only think about that they just need to define what good alts to trade then they are good to go and earn on possible altcoin choose to trade. They forgot that they need to analyze well how the market reacts on certain condition also check the stats or other necessary things needed so that they could get a better shot on each trade they do. Market is changing so we need to maximize each trade we do and we make sure that every decisions we drop have higher probabilities to gain from trades we do.
Market is unpredictable that's why we need to study well before going to trade since its really hard to commit mistake since it cost us some money if we lost and might it will hard for us to recover it since we might get a hard time to bounce back especially if the amount we lose is so huge that's why we always be careful on our trades.
For all my 5 months in trading, I'm learning only technical analysis but now everyone is talking about the concept of "Smart Money". So I think that trading is changing and speculators should stop trading based on technical analysis. Or smart money just a concept that cannot possibly work in the market,
Technical analysis works fine and everything that happens out there in the market both the news events are represented there in the chart, but the problem we as traders have is that we will always make trading mistakes in our analysis or our actions in the market, and that makes technical analysis seem not working perfectly, human emotions affects the direction of the market as trader will tend to react to the changing market as sudden events like war, bad economic news etc. unfolds, While on the smart money concept, I urge you to go study the Wyckoff schematic of method accumulation and distribution phase, you would realize that it plays out most of the time in the market. Technical works both in the traditional market and in the crypto markets.
Not only technical analysis works in cryptocurrency trading and the fact that such is being used does not give the accurate conclusion to wether it could be the best of it all, we can also have some available alternatives in most times, it's in our new attempts on using any of the means or strategies in performing our trades that determines what we see in reflection of our kind of trade in consideration most times, we may just also needs to know much of ourselves than the other prediction analysis we may have.
with this volatile market. You cant really just make some position without any basis or simply making those blind predictions on where prices would be going because you are really just
that basically doing gambling just like on what others been saying. Technical indicators might not work but doesnt mean that they are irrelevant on trading field and to know that these are
just basic tools that you would really be needing for you to survive this unpredictable space.
You cant just wander around and really having that kind of approach on making up some random guess about on where prices would go. Make yourself that wary
and you would be finding out its relevance one you are doing trading.
For all my 5 months in trading, I'm learning only technical analysis but now everyone is talking about the concept of "Smart Money". So I think that trading is changing and speculators should stop trading based on technical analysis. Or smart money just a concept that cannot possibly work in the market,
Technical analysis works fine and everything that happens out there in the market both the news events are represented there in the chart, but the problem we as traders have is that we will always make trading mistakes in our analysis or our actions in the market, and that makes technical analysis seem not working perfectly, human emotions affects the direction of the market as trader will tend to react to the changing market as sudden events like war, bad economic news etc. unfolds, While on the smart money concept, I urge you to go study the Wyckoff schematic of method accumulation and distribution phase, you would realize that it plays out most of the time in the market. Technical works both in the traditional market and in the crypto markets.
Not only technical analysis works in cryptocurrency trading and the fact that such is being used does not give the accurate conclusion to wether it could be the best of it all, we can also have some available alternatives in most times, it's in our new attempts on using any of the means or strategies in performing our trades that determines what we see in reflection of our kind of trade in consideration most times, we may just also needs to know much of ourselves than the other prediction analysis we may have.
For all my 5 months in trading, I'm learning only technical analysis but now everyone is talking about the concept of "Smart Money". So I think that trading is changing and speculators should stop trading based on technical analysis. Or smart money just a concept that cannot possibly work in the market,
Those which are often referred as smart money also use technical analysis, it is just that they are better than the majority at using that skill, whether this is because their abilities are superior or because they are so powerful they can influence the market by themselves as it is the case of the whales, however make no mistake, as long as the market is big enough and it is not heavily manipulated then technical analysis will work on it, however this is not magic and a margin of error will always exist and your predictions could always go wrong from time to time.
Not only technical analysis works in cryptocurrency trading and the fact that such is being used does not give the accurate conclusion to wether it could be the best of it all, we can also have some available alternatives in most times, it's in our new attempts on using any of the means or strategies in performing our trades that determines what we see in reflection of our kind of trade in consideration most times, we may just also needs to know much of ourselves than the other prediction analysis we may have.
The technical analysis was the important in the crypto currency trading,because many people do random trades in the crypto currency and start to blame the project.At the beginning many people blame the bitcoin for the unstable price,but now the same was become the important one to buy the bitcoin at the some low price.The trader of bitcoin can cash out with some profit in the next pump in the future.But the other coins in the crypto currency was not same like bitcoin.Because bitcoin was oldest coin in the crypto currency,the demand was always huge for bitcoin.
A trader must do technical analysis in trading. Technical analysis is very important in trading. The more technical knowledge we have, the better we can do from trading. However, we should not only do our technical analysis, but we have to follow some other things in terms of trading. Trading must be done according to certain rules and trading should be done when we feel that we have developed an adequate understanding of trading. Along with technical analysis, a trader needs to keep an eye on market movements by regularly monitoring charts, candlestick monitoring and be well versed in these matters. If a trader is well versed in these matters then he can definitely succeed in trading.
The trader who doesn’t spend time on the analysis was suffer lot with the loss in the crypto trading,bitcoin was totally different one.Because one can trade the bitcoin at any price,the next bitcoin pump will make to earn huge money in the future pump in the bitcoin price.
A trader must do technical analysis in trading. Technical analysis is very important in trading. The more technical knowledge we have, the better we can do from trading. However, we should not only do our technical analysis, but we have to follow some other things in terms of trading. Trading must be done according to certain rules and trading should be done when we feel that we have developed an adequate understanding of trading. Along with technical analysis, a trader needs to keep an eye on market movements by regularly monitoring charts, candlestick monitoring and be well versed in these matters. If a trader is well versed in these matters then he can definitely succeed in trading.
Really that important because if you wont really be making use of technical analysis then what would be the thing that you would gonna do or make use of? Fundamentals?We do know that not everytime this market does have those kind of sentiments on which means that it cant really be just that possible that you would really be applying out
this kind of trading just because you are really that believing that it would really be just that enough.
Thing here on making use of technicals is that it does really give out that kind of idea on where prices could actually go but it might that not precise but its something
that would really be preferred rather than on making trades and decisions blindly. Nothing beats out if you do make use of technicals rather
than on making positions without any basis.
A trader must do technical analysis in trading. Technical analysis is very important in trading. The more technical knowledge we have, the better we can do from trading. However, we should not only do our technical analysis, but we have to follow some other things in terms of trading. Trading must be done according to certain rules and trading should be done when we feel that we have developed an adequate understanding of trading. Along with technical analysis, a trader needs to keep an eye on market movements by regularly monitoring charts, candlestick monitoring and be well versed in these matters. If a trader is well versed in these matters then he can definitely succeed in trading.
For all my 5 months in trading, I'm learning only technical analysis but now everyone is talking about the concept of "Smart Money". So I think that trading is changing and speculators should stop trading based on technical analysis. Or smart money just a concept that cannot possibly work in the market,
Those which are often referred as smart money also use technical analysis, it is just that they are better than the majority at using that skill, whether this is because their abilities are superior or because they are so powerful they can influence the market by themselves as it is the case of the whales, however make no mistake, as long as the market is big enough and it is not heavily manipulated then technical analysis will work on it, however this is not magic and a margin of error will always exist and your predictions could always go wrong from time to time.
smart money means traders or institutions who have huge capital to trade with, and other traders speculate and assume by seeing charts, and make possitions according to smart money.
it's all assumptions we cannot know about where smart money buy and sell.
TA is not very hard to understand because every indicator automatically works and give signals on trading view or charting software. so wasting 5 months to learn just this is not very good for you.
trade with small amounts it will give learn you more than that, and read some books on financial markets.
it's all assumptions we cannot know about where smart money buy and sell.
TA is not very hard to understand because every indicator automatically works and give signals on trading view or charting software. so wasting 5 months to learn just this is not very good for you.
trade with small amounts it will give learn you more than that, and read some books on financial markets.
I can say that technical analysis works in crypto trading, but it can also not work. This is because the crypto market tends to be more dynamic and unstable, which makes it more difficult to analyze using technical methods. Personally, I prefer to use news or fundamental analysis when trading crypto, because looking at the news is more reliable than just relying on analysis using tools that could be wrong.
For all my 5 months in trading, I'm learning only technical analysis but now everyone is talking about the concept of "Smart Money". So I think that trading is changing and speculators should stop trading based on technical analysis. Or smart money just a concept that cannot possibly work in the market,
Technical analysis works on trading but nevertheless you need to know that your accuracy in Technical analysis is dependent on your level of expertise so you need to understand every bit of what you need to know before you start to do TA, regardless if you’re TA is not good enough you can choose to use copy trading or bot trading in order to help you have a smooth trading with lots of profits; Bitget exchange has both the copy trading and bot trading feature you can try it out.
Smart money refers to the capital that institutional investors, central banks, and other professionals or financial institutions control. It is managed by expert investors who can foresee market trends and make most of the profits. So it means that smart money traders trying to trade together with market-maker. Also they think that technical analysis is not working because it's very old.
First of all, technical analysis is used in their work by market makers and institutional investors, who, thanks to it, can assume further actions of market participants. And this knowledge helps them turn the market around contrary to the expectations of the majority, which allows them to direct the price to the level where liquidity is concentrated.
For all my 5 months in trading, I'm learning only technical analysis but now everyone is talking about the concept of "Smart Money". So I think that trading is changing and speculators should stop trading based on technical analysis. Or smart money just a concept that cannot possibly work in the market,
Technical analysis works fine and everything that happens out there in the market both the news events are represented there in the chart, but the problem we as traders have is that we will always make trading mistakes in our analysis or our actions in the market, and that makes technical analysis seem not working perfectly, human emotions affects the direction of the market as trader will tend to react to the changing market as sudden events like war, bad economic news etc. unfolds, While on the smart money concept, I urge you to go study the Wyckoff schematic of method accumulation and distribution phase, you would realize that it plays out most of the time in the market. Technical works both in the traditional market and in the crypto markets.
Not only technical analysis works in cryptocurrency trading and the fact that such is being used does not give the accurate conclusion to wether it could be the best of it all, we can also have some available alternatives in most times, it's in our new attempts on using any of the means or strategies in performing our trades that determines what we see in reflection of our kind of trade in consideration most times, we may just also needs to know much of ourselves than the other prediction analysis we may have.
which neither you would be right or wrong and there's no way on knowing it but at least applying out any analysis is much more preferred than making out some price entries without
any basis because it is really just that pure gambling. Trading does really need up that kind of approach on which it does really need up that seriousness about it.You cant just make out entries
without any basis and this is why you would really be needing to plot those indicators.
Just like on what some people been saying that you could really get in line with it with some fundamentals if ever its really that available because technicals wont really be that effective
if there would really be having some news which it could possibly affect out the movement. You would really be able to experience for yourself
about those drastic changes and be able to know on what you should gonna do next.
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