Topic: Is it worth using the technical indicators in the cryptocurrency market? - page 2. (Read 600 times)
September 02, 2018, 02:06:28 AM
It is worth it if you learn how to use technical technical analysis to analyse trades and it always works in this market if you know what you are doing. It is worth it
September 02, 2018, 01:11:21 AM
Technical indicators are great help at some point but in the crypto currencies these instances are pretty low. I mean there is valid reason for this and it starts from dependency of the crypto currencies over the fundamental aspects of market. This market is very volatile and alway leads to fluctuation based on the news around the globe, what are the happening of political pressures and much more you name it. Indicators move according to it and not because they are moving and depending upon which we should be making decisions. Thats what I think
They can still be quite useful in the crypto space as well.Honestly, they actually work the same way and I do not see any difference except for just the volatility of this market.
As long as you understand the indicator you are using, it is aligned with your style and strategy; it would be an easy way to go when making decisions in the market.
What is just important is having that understandings that it is a market, and you cannot 100% rely on indicators or TA thinking as long as they speak your language, everything is okay, as no sane trader will ever do that ?
September 01, 2018, 11:40:13 PM
I not sure that there are people who doing a trade the same way. But, in my experience, I saw only a few who used something like a moving averages
August 31, 2018, 03:03:39 PM
Hi, in this topic I would like to discuss the usability of technical indicators in the cryptocurrency market! So, Let's start!
Indicators were developed by financiers for traditional markets. Over time, key indicators spread to most markets, where they also showed their applicability. In this way, thanks to the proven versatility, they were on the crypto currency market. The cryptocurrency market as a whole differs from traditional ones a little. Mainly because its participants are the same or at least the same people as those who trade on the traditional. The thinking of the traders is the same, the methods of responding to the market situation - too, so the assets on both cryptomarket and traditional behave more or less the same. And that's why the technical analysis and its key indicators in particular are successfully applied on cryptomarket.
So, what do u think about the usability of technical indicators in the cryptocurrency market?
In my opinion, technical indicators can be applied to everything related to trade charts. I myself prefer to use technical indicators rather than fundamentals. But I only use a simple indicator, because if you use too many indicators on the chart it will be difficult to read chart patterns. Between crypto market and traditional market is different from the transaction method. For the chart, I think it's the same. Indicators were developed by financiers for traditional markets. Over time, key indicators spread to most markets, where they also showed their applicability. In this way, thanks to the proven versatility, they were on the crypto currency market. The cryptocurrency market as a whole differs from traditional ones a little. Mainly because its participants are the same or at least the same people as those who trade on the traditional. The thinking of the traders is the same, the methods of responding to the market situation - too, so the assets on both cryptomarket and traditional behave more or less the same. And that's why the technical analysis and its key indicators in particular are successfully applied on cryptomarket.
So, what do u think about the usability of technical indicators in the cryptocurrency market?
August 31, 2018, 06:58:59 AM
In the past, technical analysis was not good enough, perhaps in relation to market value. But, I can say that it's been working lately, so I can predict the price with technical analysis. I can not say it works exactly without being wrong. Anyway, that is just guess, there is nothing definite.
August 31, 2018, 06:12:33 AM
I never used technical indicators for trading. Maybe because I'm more concentrated on long term investment than day to day trading. Research and strategy are my ways to go.
August 31, 2018, 04:27:09 AM
Yeah but don't depend on them too much. It isn't like they will do the trade anyway. I look into it for patterns and pretty much that is pretty much about it especially in how I look in TA in Binance. I don't use it to predict what's next but rather prepare primarily on what could probably happen. It is an unstable market anyway and probability is randomized with just a bit of a driving factor from the whales.
It would really take an unserious person to think that their plans and strategies cannot fail even with any form of analysis. It is the market, and the essence of using some of these indicators is to help inform our decisions rather than just entering a market position blindly which is what a lot of people do. It is an added advantage to know how to use some certain indicators, but better to stick with just few, use them to form a strategy and build on it, to be better.
August 29, 2018, 11:49:52 PM
Technical indicators are great help at some point but in the crypto currencies these instances are pretty low. I mean there is valid reason for this and it starts from dependency of the crypto currencies over the fundamental aspects of market. This market is very volatile and alway leads to fluctuation based on the news around the globe, what are the happening of political pressures and much more you name it. Indicators move according to it and not because they are moving and depending upon which we should be making decisions. Thats what I think
August 29, 2018, 10:39:43 PM
yes of course it is very profitable for new traders because with these indicators the new players can determine the right time to buy and sell coins.
August 29, 2018, 05:25:17 AM
The useful indicators of technical analysis are important to know the market conditions in rising or falling. Although technical analysis is not entirely correct, it also helps to decide when it is best to buy and sell.
August 29, 2018, 04:42:56 AM
yes of course it is still very valuable because with this technique you can find out the right time conditions to buy and sell coins so that you will be easy to get profit when trading.
The idea of using a technical indicator in the market normally is to understand the sentiments on the chart, and can help serve as a good signal to know if the market is ready to move up or have the slight chance of doing so. Technical indicators are good for making decisions but to rely on them, you will need to be mixing quite a number of them and also judging based on other technical analysis on the chart itself.with momentum indicator, it made it a bit easy for me to understand the market sentiment, either oversold or overbought, how the market his acting based on its price at this point and what decision I should be making. So I agree with the fact that it is not a necessity but it can be an added advantage.
Momentum indicator is very much useful one. Combining it with zig-zag indicator gets me more than 80% accurate over bought or over-sold regions which is the easy identifier to get market reversal information. Without most of here discussed indicators, I could not imagine my trading. 
August 28, 2018, 08:28:03 AM
Its worthed and it is a must to learn technical indicator to be able to make profit, people created more and more advance indicators to be easier to predict the market movement, indicators cant be 100% correct but it can give a good review about the market, and from that point you can speculate about the price, so it's an important element in trading
Well, not using a technical indicator does not mean you cannot trade the market at all. Some investors or traders simply like going indicator-less than using one. You can decide to stick with just price actions or candle reading on the chart. With that said, indicators are still a very good way to detect possible market movement, either with momentum indicator or trend indicator, but they can really be an added advantage if known.However, with momentum indicator, it made it a bit easy for me to understand the market sentiment, either oversold or overbought, how the market his acting based on its price at this point and what decision I should be making. So I agree with the fact that it is not a necessity but it can be an added advantage.
August 27, 2018, 11:16:49 AM
Yes and no, and what i mean by this is the following:
You can trade profitable only by using price range + patterns + reading candles, that is proven. Indicators on top of all of these i just a nice extra validation to your analysis.
Personally i do use indicators for this exact reason, extra validation. There's never too much validation
You can trade profitable only by using price range + patterns + reading candles, that is proven. Indicators on top of all of these i just a nice extra validation to your analysis.
Personally i do use indicators for this exact reason, extra validation. There's never too much validation
August 27, 2018, 10:54:39 AM
Its worthed and it is a must to learn technical indicator to be able to make profit, people created more and more advance indicators to be easier to predict the market movement, indicators cant be 100% correct but it can give a good review about the market, and from that point you can speculate about the price, so it's an important element in trading
Well, not using a technical indicator does not mean you cannot trade the market at all. Some investors or traders simply like going indicator-less than using one. You can decide to stick with just price actions or candle reading on the chart. With that said, indicators are still a very good way to detect possible market movement, either with momentum indicator or trend indicator, but they can really be an added advantage if known.We all have different ways to read and do trading and doesn't matter what it is, nonetheless what matter is if we earn a profit by doing it and I think that is trading all about. Yes this TA may help us throughout our trading life here but don't put all your trust here as sometimes it may go on the wrong way. Thus, our experiences will make us to breath continously.
August 27, 2018, 06:09:35 AM
Its worthed and it is a must to learn technical indicator to be able to make profit, people created more and more advance indicators to be easier to predict the market movement, indicators cant be 100% correct but it can give a good review about the market, and from that point you can speculate about the price, so it's an important element in trading
Well, not using a technical indicator does not mean you cannot trade the market at all. Some investors or traders simply like going indicator-less than using one. You can decide to stick with just price actions or candle reading on the chart. With that said, indicators are still a very good way to detect possible market movement, either with momentum indicator or trend indicator, but they can really be an added advantage if known. August 27, 2018, 03:30:43 AM
In the market, crypto-currency, like any other, there is a crowd of buyers and sellers. according to this they behave according to a certain algorithm, as in any market. Indicators and other tools work, but we must not forget that the market is illiquid and manipulative.
August 27, 2018, 03:25:00 AM
Its worthed and it is a must to learn technical indicator to be able to make profit, people created more and more advance indicators to be easier to predict the market movement, indicators cant be 100% correct but it can give a good review about the market, and from that point you can speculate about the price, so it's an important element in trading
August 27, 2018, 01:47:20 AM
yes of course it is still very valuable because with this technique you can find out the right time conditions to buy and sell coins so that you will be easy to get profit when trading.
August 26, 2018, 06:37:28 PM
I take all my investment decisions based only on technical analysis, so I think that every crypto investor should use the technical analysis, since without it it is not possible to assess the current market situation.
August 26, 2018, 06:17:11 PM
Technical analysis can be helpful sometimes. But I think, fundamental analysis is much better in the crypto. It is easy to move the price of the digital money which value of market is so cheap, and with TA you can't reach a conclusion in this situation.
Jump to: