Topic: Is technical analysis useful? - page 12. (Read 2535 times)
I believed that technical analysis will help you to give good reference but this will not be reliable, we can't depend in TA better to make further research and own analyzation so we can decide in our own strategies.
A technical person is more competent than any other and for every thing technical analysis is very helpful while decision on this analysis is fruitful and those who are technical they can become successful fast.
Do you believe in the reliability of information obtained by technical analysis on crypto-currency market?
I usually follow fundamental analysis for my picks and technical analysis to determine my entry as well as my exits. Not really a fan of technical analysis cause i'm a long term holder but it helps me for my short tradings. There are only a few tools i used for technical analysis some of this are MACD and RSI which will indicate and gives you signals for the down or uptrend of the market. Fibs and Moving Average are also some tools that i used.
I don't say that technical analysis isn't useful but I dare to say that this type of analysis always doesn't indicate the pave the way. If this market would be a stable market then the technical analysis would have been useful for this purpose. but you can learn a lot of things fro this issue because of experience and knowledge always works. So anything can be useful around your world.
people use technical analisys to determine their open order.without this analisys we are like blind man that put our money on garbage basket.chart help us much while when we want put our order.
I think to understand technical analysis is important when you jump in to trading because from this analysis we can decide when best time to buy and sell.
Yes, technical analysis is the good thing to watch and observe the market because these analyses are the best way to assure the movement of the market and that will helps you to analysis and it is good to understand the market
in stockmarket, i used to believe a lot in TA. but in crypto, not so much. prices of most coins are easy to pump and dump. plus there is no gain/loss limits
So, you invest/trade in stock market also, please can you give me some exchange site that you use in to invest stock market because i want to invest also but i don't know where i can start to invest/trade. Anyways, i heard that Technical Analysis but i don't know how use that in crypto and also in stock, that's why i want to learn it first before i invest my money 'cause i know that is very important as an investor or trader.
An good analyst never speaks about what will or must happen, they simply plot out what could happen based on data, and then consider the likelihood that each possible set of events has of occurring.
I don't say that technical analysis isn't useful but I dare to say that this type of analysis always doesn't indicate the pave the way. If this market would be a stable market then the technical analysis would have been useful for this purpose. but you can learn a lot of things fro this issue because of experience and knowledge always works. So anything can be useful around your world.
I Don't have a belief that the Data available in the market would not work every time. This type of market always follows some mechanism so pertinent incident will not be occurred over the time period. Not only that but also the crypto market is always fluctuating so technical data always doesn't work.
Technical analysis of cryptocurrency is indeed the primary tool you need to be able to to trade in a direction of profit. TA will not guaranteed your profit but will keep you informed and help you to choose your trade wisely.
Being familiarized with different tools in the market is a big help so that you can speculate on where the price might go in the future. For those who are saying that TA doesn't work in crypto market, maybe they didn't use TA but use news or other ways to profit but for those who are using it, they would say that TA does work including me.
It is often useful when you use it in a high volume pair because most of the people there I assume use TA and some of the indicators that are often use are Fibonacci, RSI, MACD, Bollinger Bonds and Ichimoku Cloud. It may involve some mathematical formula but if more people use it, the support and resistance are most likely the same so it is like you can predict where the price might bounce because the same people also has that target price or level.
Do you believe in the reliability of information obtained by technical analysis on crypto-currency market?
The last six months show that technical analysis does not work in the world of cryptocurrencies. If in 2017 it was possible to predict the course by analyzing the news background, then in 2018 this too does not work
Actually I believe in that, but also I am pursuated that not only this method gives results recent days, but also descerning of the mood on market
Any trading strategy is created on the basis of some patterns that are more or less common in the digital market. Although most often we mean the patterns on the charts (technical analysis), it is also possible the relationship between the fundamental data and the news.
but it seems to me that everything is much easier, Although I do not really understand the specifics and huge intricacies of trade, but I have enough skills to realize my intentions. At least I trade Successfully and do not use any techniques.I think you are just simple trader, you are only depending the value at once which the current value of the stock market are greatly increases but in real situation technical analysis is important why? because you study flow of chart, the value on how its responds to whole market in which many coins will effect and ineffective by the current issues regarding on coin holding.
Any trading strategy is created on the basis of some patterns that are more or less common in the digital market. Although most often we mean the patterns on the charts (technical analysis), it is also possible the relationship between the fundamental data and the news.
but it seems to me that everything is much easier, Although I do not really understand the specifics and huge intricacies of trade, but I have enough skills to realize my intentions. At least I trade Successfully and do not use any techniques.
Any trading strategy is created on the basis of some patterns that are more or less common in the digital market. Although most often we mean the patterns on the charts (technical analysis), it is also possible the relationship between the fundamental data and the news.
Ofcourse, if it's not then it was dumped a long time ago. We got to believe in some sort of conviction for us to believe. Some data or crunching numbers to hold for and push or pull us towards that investment.
Do you believe in the reliability of information obtained by technical analysis on crypto-currency market?
I think it’s useful, when I’m start trading I only use if I’m get profit just sell them, but sometime when I sell them the price going up again. Then I’m just learn just one TA and applied to the chart it’s can help me when the time to buy and sell although is not 100% true but it’s really help.
Technical analysis of cryptocurrency is indeed the primary tool you need to be able to to trade in a direction of profit. TA will not guaranteed your profit but will keep you informed and help you to choose your trade wisely.
In technical analysis, most indicators used are formed based on past occurrences. However, technical analysis for me, serves as a guide to know the flow and direction of the market and when been combined with fundamental analysis, yields a better result.
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