Topic: Is it worth using the technical indicators in the cryptocurrency market? - page 3. (Read 610 times)
August 26, 2018, 05:04:45 PM
Of course, it is. But it shouldn't be the only factor taken into account because other external sources not considered in technical indicators can greatly influence the market simply because the're new variables.
August 26, 2018, 04:58:35 PM
I fully agree with what you wrote above. Everything is just like that. The only thing I would like to add is the news factor. The crypto market is very influenced by news (both real and fake), so when working on a crypto market, you need to consider this factor. Technical analysis works well only if the situation is stable. If there are any influential news, then technical analysis is powerless.
August 26, 2018, 03:17:34 PM
I say that techical analisys can't make you harm but isn't of a big help either. Use it more like the guideliness and information that help you to be aware of current trends but don't rely on it fully and technical indicators will not make a better trader out of you. Also it's important the source you are using so the data you get might vary.
August 26, 2018, 03:06:57 PM
None of those really help, or at least they did not help me with my trade. I have seen the crypto currencies going in the up and down direction based on the fundamentals surrounding to them. So basically it would be unreal to watch out the indicators and predict anything based on them. I mean sometime indicators (in traditional market) tells us that market will be up or down but in here, its all about people and news that affects them. If there is good environment all over then people are happy to invest huge and due to decentralised nature crypto freely move upwards and thus creates positive hype and indicators themselves moves in +ve direction. So no indicators, its people, news, miscellaneous stuff. 
In your own experience it didnt help out but for some or most traders they do make use of these indicators even it doesnt give accurate readings but having these analysis or tools will give you or picture out some idea on your trading rather than not using any tools at all.This would only depend on how you do make use of it and its true that it might work or not but its just normal because we do know on how this market behaves when it comes to its price. August 26, 2018, 01:42:28 PM
I think that it is worth using the technical indicators in the crypto market because this will help to analyze the situation and win in the market. To my mind, it is better to do this now
August 26, 2018, 01:26:39 PM
my advice is to use technical analysis, i.e. resistance levels, support levels, trend lines
August 15, 2018, 06:57:24 AM
for now it seems the technique for reading the indicators that occur at the exchange place is not too accurate because the cryptocurrency price movements will never be predicted.
August 15, 2018, 01:51:07 AM
Indicators are very useful 
In my case, I use indicators as reinforcement for my analysis
or sometimes I rely 100% on some indicators on my trades.
In my case, I use indicators as reinforcement for my analysis
or sometimes I rely 100% on some indicators on my trades.
August 15, 2018, 01:40:56 AM
Trading cryptocurrency without technical indicators can be a very huge risk. It is worth it if you use technical indicators to trade. This would tell you when to buy or when to sell in the market. Its very important we dont trade blindly in this market.
August 14, 2018, 11:56:03 PM
None of those really help, or at least they did not help me with my trade. I have seen the crypto currencies going in the up and down direction based on the fundamentals surrounding to them. So basically it would be unreal to watch out the indicators and predict anything based on them. I mean sometime indicators (in traditional market) tells us that market will be up or down but in here, its all about people and news that affects them. If there is good environment all over then people are happy to invest huge and due to decentralised nature crypto freely move upwards and thus creates positive hype and indicators themselves moves in +ve direction. So no indicators, its people, news, miscellaneous stuff.
August 14, 2018, 10:30:40 PM
It worked and it will work. One of my colleagues uses the same system both on stock market and crypto trading successfully. Although some tweaking needs to be done, i.e. timeframe settings, etc., But basically when you have a trading system for stock market or forex, trading crypto will be easier.
base on my own experience, indicators are not working in this very volatile market of cryptocurrency. as a guideline in most of the time it is psychological so i just use naked trading and fundamental analysis and let the plan work.
August 14, 2018, 10:26:35 PM
I bought Ethereum afew days ago at the price $380 because this price become level support of this coin when i seen in daily timeframe, but the price keep down to $250 so technical analysis is does not work accurate in crypto trading. But although TA not accurate we need to see the chart when decide to buy or sell crypto. Because TA mostly does not accurate so to avoided loss is very important to use stop loss whenever make open potition.
August 14, 2018, 09:41:37 PM
the name is technical, the note is on white paper.
so all can be done when it happens in the field.
we cannot improve the trading of cryptocurrency from technical because the true market cannot be predicted.
so all can be done when it happens in the field.
we cannot improve the trading of cryptocurrency from technical because the true market cannot be predicted.
May 31, 2018, 09:01:38 PM
Knowledge about technical analysis is important to know market conditions in bullish or on bearish. Although technical analysis does not work 100% perfect but this is really help to make decision when best times to buy and sell. I can not trading without charting and some indikator, but also important to learn about fundamental analysis when doing long term trading.
April 28, 2018, 01:24:51 AM
People use them and they can work but very often they won't. If they work 5 times in a row, they may fail to work the sixth time. They may fail miserably and the net result of the six trades may be negative.
April 27, 2018, 08:32:08 PM
Technical analysis works in every market as a way to measure and quantify price movement. By itself it is not predictive. You cannot predict price by using historical price in isolation without other information. If you could do that reliably everyone would be rich. The better way to trade is to use technical analysis as a way to measure/quantify historical price movement and then add order flow info, Smart Money participation, rotational information, etc.
April 27, 2018, 08:13:57 PM
Indicator system is a tool to help understand price fluctuation, I've never traded other than trading in crypto. If it's different then it will not make a very far different. So choose an indicator that suits your character or which easy to make you understand. Option of indicators are so many, i think you will be able to find a match character.
April 27, 2018, 07:33:54 PM
Yes, been using technical Indicators to assist me in my trades, technical indicators serves as a confirmation how a pattern goes. make sure before you use a certain indicator you know how it is used.
April 27, 2018, 07:22:52 PM
It is working, both crypto and trading almost the same the different is the factors that caused the price to moved in stock we got outside factors like politics or other things, but in crypto it's pure supply and demand, in trading technical analysis is very important it's the indicator to see where the price will go
April 27, 2018, 06:26:52 PM
I see these threads again and again. It's really quite simple, TA is useful but it will not guarantee great results. You need to be able to use a combination of things to make the best decisions, that will be TA as well as just general feel for the market. Sometimes TA will suggest a strong sell when in reality it should be a strong buy based on many other things that TA does not account for.
Jump to: