Topic: Does technical analysis work with crypto? (Read 1486 times)
It is like 50 50 chances because some time technical analysis report goes well but suddenly when any big whales sells or buys then their will be change in market valuation apart from that most of the time technical analysis also work on it. But you cannot totally depend on it and trade, also analyse daily chart and see what pattern it is moving and trade according to it.
The first time I saw various analyzes and I began to be interested in learning them, but after understanding that the process was very complicated. I began to think graph analysis didn't work well. bitcoin only requires a few negative and positive issues so the price will change, I see that is a fact.
Technical analysis is only an aid. This is not a stock market. The new capital market usually takes many years to grow in order to have technical analysis. Therefore, I think that cryptocurrency market transactions are related to luck.
Yes, it works but not everytime. And as liquidity is very low, volatility is very high. There is also big manipulations with pump and dump groups and fake news to hype a coin.
Correct, and that is what confuses people, they think that technical analysis should work 100% of the time and that is simply impossible, technical analysis is a way to improve your predictions about what the market is going to do and a way to try to profit from those movements, that is all, even if you can only predict how the market is going to move 60% of the time that is good enough to get profits.
Doing analysis can really help you make a decision. But in the crypto world, it will be very difficult to predict changes in crypto coin prices. But with you study the seller's chart because you want to determine when the crypto market price will recover. Although this sometimes does not meet our expectations, it adds to our knowledge.
today, all the usual actions and strategies do not work, so we must be prepared for the negative consequences of what is happening in the cryptocurrency market. 
I've been thinking about starting to learn how to read charts and do some technical analysis for myself. The problem is I see it ridiculed on pretty much every forum and people saying it's useless for crypto.
What are your thoughts? Worthwhile?
Technical analysis definitely works at this market, dont listen who says analysis dont work in this market. Especially I can suggest to you for learning moving averages, ma50 and Rsi are very useful for me.What are your thoughts? Worthwhile?
I think that technical analysis does not work well in crypto due to small capitalization. The capitalization of the entire market is only 100 billion dollars and this is very small; large speculators can move the market in any direction. XRP a month ago doubled in just a few days. In which markets have you seen this? And this coin is the second in terms of capitalization.
I've been thinking about starting to learn how to read charts and do some technical analysis for myself. The problem is I see it ridiculed on pretty much every forum and people saying it's useless for crypto.
What are your thoughts? Worthwhile?
Technical analysis definitely works at this market, dont listen who says analysis dont work in this market. Especially I can suggest to you for learning moving averages, ma50 and Rsi are very useful for me. What are your thoughts? Worthwhile?
Doing analysis can really help you make a decision. But in the crypto world, it will be very difficult to predict changes in crypto coin prices. But with you study the seller's chart because you want to determine when the crypto market price will recover. Although this sometimes does not meet our expectations, it adds to our knowledge.
sometime yes sometime no, depend on market situation, technical analysis will not always accurate specially at this time.
no body can know what happen next, but if not with technical you same like gambler, buying without calculation.
no body can know what happen next, but if not with technical you same like gambler, buying without calculation.
No. I think technical analysis is not working in this market. Because this market is not an appropriate market analysis.
The way the whales work is not in line with the technical analysis. The technical analysis of the whales will not work. The whales are not going to act in accordance with technical analysis
The way the whales work is not in line with the technical analysis. The technical analysis of the whales will not work. The whales are not going to act in accordance with technical analysis
Many years of practice gives experience not deeper TA learning. And I agreed, TA works good but with some limitations. On the panic sell it don't work. And we should to distinguish such movements. A year ago it was enough simply to hold. But today market need smarter ways to get profit
what can be done with the market now? if I trade, I think the market is not good enough to trade because it moves slowly. I myself only chose to hold back the assets that I had instead of having to trade with a bad market like now. Technical analysis does work but it is only as good as the person doing it so takes years of practice and learning to get better at it. Very few good analysts like Tone Vays saw this huge correction coming in the beginning of the year and nobody believed them.
Many years of practice gives experience not deeper TA learning. And I agreed, TA works good but with some limitations. On the panic sell it don't work. And we should to distinguish such movements. A year ago it was enough simply to hold. But today market need smarter ways to get profit
Technical analysis does work but it is only as good as the person doing it so takes years of practice and learning to get better at it. Very few good analysts like Tone Vays saw this huge correction coming in the beginning of the year and nobody believed them.
Its very important in every market as you can possibly have a good trade without analysis but i think just simple analysis is ok to determine the market if you are just beginning thats why some are saying is not necessary. You just dont need to go that deep
Yes, it works but not everytime. And as liquidity is very low, volatility is very high. There is also big manipulations with pump and dump groups and fake news to hype a coin.
Correct, and that is what confuses people, they think that technical analysis should work 100% of the time and that is simply impossible, technical analysis is a way to improve your predictions about what the market is going to do and a way to try to profit from those movements, that is all, even if you can only predict how the market is going to move 60% of the time that is good enough to get profits.
Yes, it works but not everytime. And as liquidity is very low, volatility is very high. There is also big manipulations with pump and dump groups and fake news to hype a coin.
Correct, and that is what confuses people, they think that technical analysis should work 100% of the time and that is simply impossible, technical analysis is a way to improve your predictions about what the market is going to do and a way to try to profit from those movements, that is all, even if you can only predict how the market is going to move 60% of the time that is good enough to get profits.Yes, it works but not everytime. And as liquidity is very low, volatility is very high. There is also big manipulations with pump and dump groups and fake news to hype a coin.
Correct, and that is what confuses people, they think that technical analysis should work 100% of the time and that is simply impossible, technical analysis is a way to improve your predictions about what the market is going to do and a way to try to profit from those movements, that is all, even if you can only predict how the market is going to move 60% of the time that is good enough to get profits. In 2017, the technical analysis worked, this year it is not so. At least in my experience I felt that it became much more difficult to determine the market movements. Perhaps this is due to the fact that crypto market is very specific and general rules that work in traditional markets, do not work on it.
If we includes whales movement then technical analysis won't work easily at all, the bagholders can design the way where the market will be heading, even you workout harder with your analysis they can change the directions anytime they wanted, the market is still young and if the more and more people will start playing and invest bagholders will be overtaken it needs more time but hopefully it will happen.
technicals will not help in crypto because volumes are less so going with fundamentals will be a good option
Not really helpful but technical analysis can be a good guide when you want to see where it might break and when it will bounce back a bit especially if you use the fibonacci and RSI but it can't stand a chance when manipulated. The media news are just stronger indicator of where the price might go including the fudsters.
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