I think a little bit of Technical concept work on the crypto. One this is that it is somehow follow the forex pattern. If the market is bearish then it is fallen and fallen till some point and again it is move towards bull in a one way for the prolonged period time whether it is for 6 month or one year.
Any time in the crypto trading the technical analysis worked better but sometimes it go wrong because of some unwanted event or some better event. As in the present year many bad news came which dropped the price a lot and the predictors were unable to analyse. 
Topic: Does technical analysis work with crypto? - page 2. (Read 1446 times)
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.
I think Technical analysis affect to about %30 cryptocurrency. Rest of Affect sides are speculations, good and bad news, big companys' and governments' explanation and subjects. We should follow more speculations than technical analysis.
What are your thoughts? Worthwhile?
Maybe TA will just serve as history.
This market depends from mood of usual people and I don't think that some algorithms could predict how many people will sell their coins or buy
It could not. But the algorithm can monitor the balance on their wallet and give us more information regarding how much will have sold by them all through use their transaction as the main thing. As far as i know that can be it doesn't have high accuracy.
This market depends from mood of usual people and I don't think that some algorithms could predict how many people will sell their coins or buy
the analytical techniques that you do might help you to determine the cryptocurrency price movements and can analyze how movements when there are important events so there is no harm if you do good and correct analysis techniques.
I think a little bit of Technical concept work on the crypto. One this is that it is somehow follow the forex pattern. If the market is bearish then it is fallen and fallen till some point and again it is move towards bull in a one way for the prolonged period time whether it is for 6 month or one year.
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.
Right now, TA is not good because of the market manipulation but I also believe it still works but still depend on your strategy and of course the market situation. In cryptworld, is seems that news is very much important compare to the chart analysis. Newbies only depend on the hype, and don’t even know how to understand the price movements and the result is very bad for them. IMO, If you are serious in trading learning TA is very important so better not to skip the process.
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.
Right now, TA is not good because of the market manipulation but I also believe it still works but still depend on your strategy and of course the market situation. In cryptworld, is seems that news is very much important compare to the chart analysis. Newbies only depend on the hype, and don’t even know how to understand the price movements and the result is very bad for them. IMO, If you are serious in trading learning TA is very important so better not to skip the process.
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.
In 2015 and 2016, the cryptocurrency PR campaign was quite strong. They talked about decentralization and the absence of fraud, but today we see a very different picture. Perhaps because of the disappointment of many investors and cryptocurrency users, the market has gone down. 
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.
We kniw that technical analysis is not a 100 percent reference. Now trying it in crypto may even bring that accuracy as a reference at 20 percent or below. Now if you think that is worth all the trouble as a reference feel free to let us know.
Yes it works but you have to understand that this market has very low liquidity which means very very volatile and the speculations are relatively easier than the traditional markets. Because of these conditions, just the probability is lower.
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?
trading is understanding and if you have no knowledge on how trading work there is no need of investing in it. I could remember how I lose money in 2008 through forex trading. I believe that your knowledge and experience is the most important thing in trading and that is what you should strive to achieved. What are your thoughts? Worthwhile?
I think this analysis technique is only used to provide information about the price movements of coins that have occurred so that it can help you to determine the cryptocurerncy price movements that will occur, but I am sure it is not entirely accurate because the cryptocurrency price movements cannot be predicted.
There are daytraders who use technical analysis to invest in Bitcoin at very short time intervals. Unfortunately, TA does not work for longer periods of time, nor for altcoins, because their price changes are too large.
In my opinion, technical analysis works well only at the time when the market have flat. At such a time, you can fully rely on technical analysis, but if you always rely on it, then nothing good will come of it. Too many factors influence cryptocurrencies usually, so you should never rely entirely on technical analysis.
Technical analysis assumes cyclical repetition of certain processes and psychological behaviors. I think it can work in very short periods of time (a few hours, a maximum few days). The cryptocurrency market is still small, which is why it is not resistant to manipulation of whales. It is enough that one large investor decides to take action and technical analysis stops working. Therefore, it is very risky to use technical analysis on the cryptocurrency market.
Technical analysis is not that limited, there are many traders that are making money and are not using charts with very short periods of time, after all the psychology of people does not really change just because you change the period of your chart, what happens is that very few people can use technical analysis in the right way because even when they devise a way to beat the markets people do not follow their own strategy. 
I am not sure about it, but probably levels of support and demand should work. Also think about liqidity.
Without liquidity technical analysis doesn't work, so select the most liquid crypto like ethereum, bitcoin.
Without liquidity technical analysis doesn't work, so select the most liquid crypto like ethereum, bitcoin.
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