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Topic: Is Technical analysis a must know in crypto trading? - page 9. (Read 1007 times)

newbie
Activity: 6
Merit: 0
I fully agree with this
Price it’s not the case here
Fundamentals are more important than price and economic events are really important.
sr. member
Activity: 1246
Merit: 356
SOL.BIOKRIPT.COM
Many traders just do not employ technical analysis. Some are profitable despite using fundamental analysis. So if you trade with either of them, you can still make money. To make money, you don't need to know how to evaluate the market technically. However, combining fundamental and technical research increases the likelihood of making a large profit.

Can I learn myself or is important I about them from a professional?
"Do your own research" is essential in trading so that you don't blame others for what happens to your money. However, you can learn more readily if you learn from professional traders while independently researching what they teach.
hero member
Activity: 1344
Merit: 742
P.S I have really poor knowledge on bitcoin technicalities, am more of the chart reading and gut feeling type. so I hope am not breaking any of the rules posting here.
Was really curious to understand if technical analysis is vital or just a means to reduce risk. Thanks in advance
Technical analysis in trading is not related to understanding about Bitcoin technology. It relates to apply technical indicators in trading to Bitcoin price movement, volume to predict its future movement to support your trading plan and decision.

However, personally I feel only technical analysis is not enough for your trading. You must learn about fundamental analysis too. Because without good fundamentals, you will put your money at risk. If an asset has good fundamentals, even if your technical analysis is wrong, you can hold it (like Bitcoin) and still have chance to get profit  by holding your bitcoin long enough to cover your mistake in technical analysis.
newbie
Activity: 6
Merit: 0
Do your own research
Don't think somebody will teach you everything
And don't buy any shitty courses for money.
Everything is on books .... I mean internet  Grin
newbie
Activity: 8
Merit: 0
Can I learn myself or is important I about them from a professional?
newbie
Activity: 6
Merit: 0
No Technical Analysis its not the most important thing in crypto space.

Try to read chart in 1hour chart on TradingView and learn about candlesticks, then if u think ur good at it try to combine it with Ema 200 and RSI index and Stochastic RSI.
Try to guess whats price its gonna be after 4hours.


Trading it's hard and u need to learn lot of things, but if u master that thing you can take lot of money from it.
newbie
Activity: 8
Merit: 0
Hello everyone am new here, more like a trader that got by with a bit of knowledge through personal experience (success and failure's) since 2020 but got introduced to this forum by a friend,pointing out that I can find information's and be able to communicate with other enthusiast in the crypto market. I look forward to my experience here.
P.S I have really poor knowledge on bitcoin technicalities, am more of the chart reading and gut feeling type. so I hope am not breaking any of the rules posting here.
Was really curious to understand if technical analysis is vital or just a means to reduce risk. Thanks in advance
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