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.
Topic: Does technical analysis work with crypto? - page 3. (Read 1490 times)
Technical analysis sure have it's influence on whether you make a profit or loss! Technical analysis is particularly useful when the market is stable and you can actually chart a trend and have an insight to see prices in short to medium term basis!
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 works for every kind of investment, including Bitcoin and other cryptocurrencies. If you don’t know anything about it, then its of no use investing in it. But as usual, analysis won’t be 100% accurate. If you have been following with it you should have noticed that by now. They will make predictions but it won’t be exactly as they said. What are your thoughts? Worthwhile?
I think this analysis technique can work when the price movements are the same and very easy to predict but you have to know that the cryptocurrency price movement is very difficult to predict so you have to be careful when you want to buy coins.
Are you serious? Technical analysis has been used several times before to predict a bunch of reactions about the price, not talking about altcoins, i am reffering to bitcoin.
It is almost impossible to use TA with low volume altcoins (less than a dozen of millions) so yes, in this case, you are right with that.
In a cryptocurrency, by and large, technical analysis does not work. Here, the volumes of real trading are not so large that there is genuine technical analysis.
It is almost impossible to use TA with low volume altcoins (less than a dozen of millions) so yes, in this case, you are right with that.
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?
It is very useful for crypto. especially in margin trading. You need to have a good knowledge of technical analysis to predict its price will increase or decrease in a short period of time.What are your thoughts? Worthwhile?
Analysis still works and to those that are saying that its no longer working.
I guess they gave up and all of their TA's were failures so that's why instead of pursuing TA's, they are just telling others that this isn't going to work anymore. Someone who isn't really good in reading charts shouldn't TA but he can practice and learn from it.
I guess they gave up and all of their TA's were failures so that's why instead of pursuing TA's, they are just telling others that this isn't going to work anymore. Someone who isn't really good in reading charts shouldn't TA but he can practice and learn from it.
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?
It is very useful for crypto. especially in margin trading. You need to have a good knowledge of technical analysis to predict its price will increase or decrease in a short period of time.What are your thoughts? Worthwhile?
technical analysis is to predict the markets with some kind of tools such as indicators and the purpose we use a technical analysis is to predict the market with all the probability my friend,, so, we can set a stop loss level and profit taking level by using a technical analysis
for me its work in crypto
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?
It is very useful for crypto. especially in margin trading. You need to have a good knowledge of technical analysis to predict its price will increase or decrease in a short period of time.What are your thoughts? Worthwhile?
Technical analysis works for crypto. But you need to know how to read the graphics correctly. You also need to know how to combine news and graphics.
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?
It is very useful for crypto. especially in margin trading. You need to have a good knowledge of technical analysis to predict its price will increase or decrease in a short period of time. What are your thoughts? Worthwhile?
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.
Of course that there is no universal solution and no one can tell you that there is a thing that works 100%. Not a single analysis works 100% in any trading market, let alone crypto market. I've read some posts where members were saying that none of the mentioned analysis works and that we just need to act. It sounds hopeless, it sounds like you are comparing it to gambling and not a single win can be explained reasonably. So, everything is useless? You do something, you win some, you lose some, you try smth different the next time and that is how it goes? I highly doubt it.
That is the problem, people want something that works 100% of the time and that is not possible, what it is possible in trading is to create a method that works a certain number of times and after a long time you will get profits since you win more than you lose, that is possible but it requires a deep knowledge about what you are doing and why you are doing it.
Of course that there is no universal solution and no one can tell you that there is a thing that works 100%. Not a single analysis works 100% in any trading market, let alone crypto market. I've read some posts where members were saying that none of the mentioned analysis works and that we just need to act. It sounds hopeless, it sounds like you are comparing it to gambling and not a single win can be explained reasonably. So, everything is useless? You do something, you win some, you lose some, you try smth different the next time and that is how it goes? I highly doubt it.
I think it does. But you should not rely only on technical analysis. Techical plus fundamental analysis plus market and behavioural analysis. You should consider all of the above before making a decision. Even more so if you are considering investing in altcoins rather than BTC. This is my hobby for quite some time now. And I think that I found a good one. It is called BTCN and the time this coin took to become a part of coinmarketcap is fascinating. Plus, you should always go back to the basics. At the end of the day, each coin is a product build by developers and the effort that devs are taking into improving a certain coin is also a valuable fact that you should consider when making the decision. BTCN devs are constantly improving it plus they seem to focus on eliminating BTCs flaws and using its advantages into this new coins structure. So, it seems like a hard work because it is and that is why you need to invest a lot of time before start investing your money. No easy money here.
I disagree with the idea of trying a mixed approach, if you want to use technical analysis then that is fine and if you want to use fundamental analysis that is fine as well but to try to use both is going to be incredibly difficult to an inexperienced trader because he will have so much information at this disposal that he will not know what to do with that information.
Of course technical analysis is very important things in crypto trading. Cause without technical analysis we can't take any perfect decision when we can buy or sell coins. It is very profitable way for a trader to take entry or exit by watching technical analysis.
It works, technical analysis is very important in crypto trading, as you know, not only in crypto but also in stock and forex market, technical analysis is not always right, there are many factors which decides price movements, in many cases technical analysis does not give exactly results.
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?
Sometimes TA can help us to see a pattern but not most of the time because I believe the price of bitcoin has no pattern and it's unpredictable. What are your thoughts? Worthwhile?
Crypto analysis is indeed very difficult and crypto is very difficult to predict. It might be different in 2017 that crypto prices are more stable and prices are increasing. And everyone can analyze that the price of coins will definitely increase. But crypto is different in 2018 that prices are slowly falling because it is difficult to analyze and until now prices have declined.
the analytical techniques you do will not always be able to provide precise accuracy sometimes you will get losses because each price movement will never be the same as the previous movement.
Yes, it sure does! Having to know how to plot a graph from a chart in order to detect trends and the signal that can lead to a quality decision about your cryptocurrency market activities is very critical to your sucess as a trader or investor of cryptocurrency!
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