Author

Topic: How important technical indicators are in cryptocurrencies volatile market? (Read 200 times)

sr. member
Activity: 658
Merit: 260
CryptoTalk.Org - Get Paid for every Post!
What are your thoughts on the technical indicators and their utility in such a volatile market of cryptocurrencies. ( open to discussion )

They are sick one bro! I always see them but I only choose to trade depending upon the volume, news around the coin project and what my instinct are telling me. Thats all I look after and nothing else mate. I mean these indicators are just predictive of whats going on in the real time but they dont really give ideas of what will happen next. People use them but its not real one, its just virtual. The news is what true thing which can turn things upside down or for instance a negative panic attack! Its just personal choice that how to work with them and nothing else.
full member
Activity: 284
Merit: 112
It very much depends on the volumes of the coins you are considering. If volumes are very low, market manipulation becomes so easy that most of technical indicators lose their meaning. But if you blend technical indicators with your experience in whales manipulation of markets, then you can achieve good results.
jr. member
Activity: 38
Merit: 3
What are your thoughts on the technical indicators and their utility in such a volatile market of cryptocurrencies. ( open to discussion )
The utility of those indicators is high but is not everything you need to keep your eyes on the news as well also those indicators are very useful in a coin like bitcoin and other coins like that but if you're expecting that such indicators are going to work in very small coins then your mistaken, in fact that is one of the first things that you learn when you are trading.
True ... TA works in more stable coins like Bitcoin,  Ethereum , etc. As these coins cannot be pumped or dumped easily because of the high trading volume and huge marketcap.
And according to me as the Cryptocurrency market matures in coming years then TA's will be more and more useful as the volatility will reduce of other coins too.
sr. member
Activity: 672
Merit: 250
What are your thoughts on the technical indicators and their utility in such a volatile market of cryptocurrencies. ( open to discussion )
The utility of those indicators is high but is not everything you need to keep your eyes on the news as well also those indicators are very useful in a coin like bitcoin and other coins like that but if you're expecting that such indicators are going to work in very small coins then your mistaken, in fact that is one of the first things that you learn when you are trading.
It is important specially in the volatile market of cryptocurrency, because it would serve as a guide to what's coming next, the status of market movement, market condition for the supply and demand, and some other factors. But I think relying on it dependently is not a good thing after all. What's most important is your technical analysis and trading strategy. Feed yourself with the knowledge in trading and investment, and be guided consequently.
full member
Activity: 294
Merit: 125
Technical Indicators are just only guide in trading. Never rely only on indicators because every indicators has its own weakness. It is not always working 100%.

If you know how to make a fundamental analysis  combine it with technical to increase your trading success.
full member
Activity: 868
Merit: 185
Roobet supporter and player!
What are your thoughts on the technical indicators and their utility in such a volatile market of cryptocurrencies. ( open to discussion )

I don't at all think technical indicators help in the cryptocurrency markets. The reason you see people saying that they predicted the price at a certain time is because there are thousands, if not millions, of people making their predictions about what the price should be in the future by using charts and graphs. If there's such a high volume of people creating their predictions, there's bound to be some chance that one of the predictions actually lines up with what happens. So, what you end up with is a load of graphs and technical foreshadowing about what the price will be in the future. If you "choose the right one" you might be able to make money, but what are your chances of making money off of one out of a million predictions?

This is just my personal qualm with technical indicators. Maybe it works for others, but it hasn't worked out for me.
I thought all of trader has a possitive explanation about technical indicators but it seems like it is not working with other like you.
Well, I am also agree with your opinion since TA is just a prediction within the series of history in the market. Assumptions over a million of people is different, that's why buying and selling may vary everytime. And as what you've said, the luckiest person is whom had the nearest possible prediction.
sr. member
Activity: 756
Merit: 252
What are your thoughts on the technical indicators and their utility in such a volatile market of cryptocurrencies. ( open to discussion )
The utility of those indicators is high but is not everything you need to keep your eyes on the news as well also those indicators are very useful in a coin like bitcoin and other coins like that but if you're expecting that such indicators are going to work in very small coins then your mistaken, in fact that is one of the first things that you learn when you are trading.
hero member
Activity: 1274
Merit: 516
I think we can go a lot of informations from the technical indicators, we can see the open price, how big is the demand  and how big is the gap between the buy and the sell, if we dig deeper we can get a lot of information and it could help us to determine whether the price going to fall or going to go up, it maybe won't be accurate 100% but it really help a lot to make a decision
hero member
Activity: 1065
Merit: 510
What are your thoughts on the technical indicators and their utility in such a volatile market of cryptocurrencies. ( open to discussion )
When I start to trade Ive got used to make use of those technical indicators and I would say these things do really work or help. Not might be accurate but somehow a good tool which you can really make presumptions that do have basis on making your entry or exits. Might not really precise but it do help me on profits. Crypto market is not basing on technical yet most of the time it do rely on fundamentals and speculations.
sr. member
Activity: 2618
Merit: 439
What are your thoughts on the technical indicators and their utility in such a volatile market of cryptocurrencies. ( open to discussion )
I don't know how effective TA is really to the crypto market, most of the time its a hit or miss. So I don't take so much weight of those so called technical experts here but it's really fun to see how to put charts around and 'predicts' where the price will move in the future.

A good example that stuck in my mind is the sudden U-turn of China against crypto. Can TA predict be effective in predicting that? I don't think so. Maybe those analyst who have predict it along the way didn't know anything about the PBoC crackdown ahead of time so most probably they got it by pure coincidence, just saying.
member
Activity: 350
Merit: 15
What are your thoughts on the technical indicators and their utility in such a volatile market of cryptocurrencies. ( open to discussion )

Technical indicators do not help in the crypto-currency markets. Classic Technical Analysis, which is used in the stock market in the case of crypto currency is not only useless, but also harmful! It's my opinion. Loss of time for the analysis of indicators, making forecasts. And any news changes your plans in the opposite direction.
sr. member
Activity: 1624
Merit: 250
What are your thoughts on the technical indicators and their utility in such a volatile market of cryptocurrencies. ( open to discussion )

I don't think that technical indicators are so important in cryptocurrencies. I mean, if you analyze the news truthly, this is the best for you and this way is better than many people's ineffectual speech. Technical analysis can help in the Forex, but in the crypto world this is a bit difficult, because the whale, who have a lot of money, can change the direction of money as he wants.
full member
Activity: 434
Merit: 103
Generally used technical indicator events do NOT appear to be good predictors of above average, or negative, returns for cryptocurrencies when utilizing daily prices and when used alone. In addition, in markets that have moved primarily upward, it is probably unwise to put too much faith in indicators that predict upside performance.
sr. member
Activity: 700
Merit: 300
What are your thoughts on the technical indicators and their utility in such a volatile market of cryptocurrencies. ( open to discussion )

They can (virtually) predict the next movement of the market. I mean candles are one of the indicators widely used in the market now a days. If its green candle then it means lots of volume is turning into it and it time to get ready for the sell. If it is red then people are going to sell or dump heavily and if you want good opportunity then its time to buy more at that point. People also make it vice versa to earn whatever profits that they have gotten. Apart from this they do not give much information and reference purpose only (thats what I think of them). Its fun watching them as you get filled with adrenaline when green-red candles are moving.
hero member
Activity: 868
Merit: 500
Of course, technical indicators are very important, but they work best together with technical analysis. It is important to build your trading system based on the signal of 3 or more indicators with confirmed figures of technical analysis.
legendary
Activity: 3542
Merit: 1352
Cashback 15%
Bitcoin is currently being populated by traders from Wall Street and other forex markets that uses TA and indicators that are mostly working within these financial realms. Right now, these indicators are somewhat being ignored by bitcoin's movement and oftentimes, when traders 'know' what would be the next price movement due to the indicators giving it away, bitcoin simply doesn't follow it and goes the other way. It might seem that TA and indicators are not important, but it is the lingua franca of traders who came from different realms so as to have a common understanding on the markets and most especially the price movements.
jr. member
Activity: 160
Merit: 3
Aku belum mandi Taktuntuang Taktuntuang
What are your thoughts on the technical indicators and their utility in such a volatile market of cryptocurrencies. ( open to discussion )
The technical indicator very important for me, because It can help us to controlled our greedy. For an example is RSI, if the indicator showing over buy, we should not to make any buy order at that momen. We can use the other indicator to help decided when we have to make order, one of them is fibo.
jr. member
Activity: 38
Merit: 3
Lack of regulations - Despite the fact that governments are doing their best to regulate this space, it's still in its initial days - Limited controls can without much of a stretch permit anybody with a ton of property to control the market.

Lack of institutional capital - Banks and other foundation are available to blockchain technology however haven't contributed, yet, a lot of cash which would mollify the unpredictability.

They have no intrinsic value - Regardless of some other organizations, cryptocurrencies don't make an items, acquire income, utilize a large number of individuals or even return dividents - Because of this is it extremely difficult to esteem them, we frequently depend on advertise assumption which is affected by the media.
Agreed upon the points of lack of regulations and lack of institutional capital which will happen in due time. BUT i couldn't disagree more on the point of having no intrinsic value, as cryptocurrencies are not suppose to make any item because it is the outcome of the Blockchain which is the item. And as far as dividends are concerned many new ICOs are paying the dividends like Bankera and many more.
And as far as the value is considered i can give you many examples of currently available financial system which itself has no value like GOLD, SILVER or as a matter of fact any currency.
Its all about demand and supply of any currency, commodity, cryptocurrency and people willing to take it as a payment in exchange of goods and services. Smiley
newbie
Activity: 34
Merit: 0
Lack of regulations - Despite the fact that governments are doing their best to regulate this space, it's still in its initial days - Limited controls can without much of a stretch permit anybody with a ton of property to control the market.

Lack of institutional capital - Banks and other foundation are available to blockchain technology however haven't contributed, yet, a lot of cash which would mollify the unpredictability.

They have no intrinsic value - Regardless of some other organizations, cryptocurrencies don't make an items, acquire income, utilize a large number of individuals or even return dividents - Because of this is it extremely difficult to esteem them, we frequently depend on advertise assumption which is affected by the media.
legendary
Activity: 2296
Merit: 1335
Don't let others control your BTC -> self custody
The thing with TA is that there are so many indicators that some people are choosing these or that to predict the price and they aren't always consistent with each other.
To give you an example, you can analyse the price by looking for patterns, like the cup and handle, head and shoulders, double top and double bottom, which I personally like, but they don't usually work when the price stabilizes for a while. Then people usually switch to other indicators, like watching the volume and trying to predict movements based on that or MACD, which personally I hate as it's very rarely correct.
There's that "analyst" on coindesk that loves to give his opinions based on daily weekly and monthly MACD and he's usually wrong.
legendary
Activity: 2716
Merit: 1225
Once a man, twice a child!
Technical indicators are my compass, even as a Forex Trader. Relying solely on them in the crypto market has also been awesome for me. Though I must acknowledge that the crypto market dwells more on fundamentals than TA due to its ever present volatile FOMO and FUD. Any slight news makes a mess of TA in cryptocurrency.
sr. member
Activity: 700
Merit: 275
What are your thoughts on the technical indicators and their utility in such a volatile market of cryptocurrencies. ( open to discussion )

I don't at all think technical indicators help in the cryptocurrency markets. The reason you see people saying that they predicted the price at a certain time is because there are thousands, if not millions, of people making their predictions about what the price should be in the future by using charts and graphs. If there's such a high volume of people creating their predictions, there's bound to be some chance that one of the predictions actually lines up with what happens. So, what you end up with is a load of graphs and technical foreshadowing about what the price will be in the future. If you "choose the right one" you might be able to make money, but what are your chances of making money off of one out of a million predictions?

This is just my personal qualm with technical indicators. Maybe it works for others, but it hasn't worked out for me.

Okay you got my eye! This is what I think about the crypto indicators or the technical indicator itself. I mean I never trust these signals because they are just made up one and with every graph the whole future changes a lot. Many people apply different theories in the first place and end up with some random results with heir signal. There is no math embedded in it as such and thus it makes it unrealistic data and can not rely on it completely. Take example of many signals published in those telegram channels, they really suck. If you enrol into two different channel and see the predictions for same coin then they will be different one. So thats what tell us it doesnt really work.
full member
Activity: 566
Merit: 113
i do not see any significant use of those thing so called 'Technical Analysis' when the market goes craze like today.
i made and saw many Technical Analysis from different perspective but none of them could explain the market.
everything is out of control because Bitcoin price get manipulated by people.
that is why we will not see anything on Technical Analysis,logically if everything is well explained on Technical Analysis.
everybody will get profit right ?
legendary
Activity: 1414
Merit: 1039
What are your thoughts on the technical indicators and their utility in such a volatile market of cryptocurrencies. ( open to discussion )

I don't at all think technical indicators help in the cryptocurrency markets. The reason you see people saying that they predicted the price at a certain time is because there are thousands, if not millions, of people making their predictions about what the price should be in the future by using charts and graphs. If there's such a high volume of people creating their predictions, there's bound to be some chance that one of the predictions actually lines up with what happens. So, what you end up with is a load of graphs and technical foreshadowing about what the price will be in the future. If you "choose the right one" you might be able to make money, but what are your chances of making money off of one out of a million predictions?

This is just my personal qualm with technical indicators. Maybe it works for others, but it hasn't worked out for me.
sr. member
Activity: 644
Merit: 299
Technical indicators help some of the time as they can at least still give you some direction or what to expect, but that does not mean you should rely totally on them, which means you are still left to use your discretion as a trader when things decide to go the other way.

For instance, we have seen bullish divergence on MACD ending bearish and vice versa. Also, if we were to judge based by the books, the recent formation on btc before the triangle breakout should not have turned bullish but it did anyway. That is how it is and we just have to blend with the trend even with the indicators most of the time, if you know what I mean.
jr. member
Activity: 38
Merit: 3
What are your thoughts on the technical indicators and their utility in such a volatile market of cryptocurrencies. ( open to discussion )
Jump to: