Is technical analysis useful? - page 13.

Herbys

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Quote from: Melomory on February 13, 2018, 05:58:36 PM

Do you believe in the reliability of information obtained by technical analysis on crypto-currency market?

According to the expert, one can judge the general state of affairs under idyllic conditions that will not change. But everything changes the output of the next news, in better or worse.
In general, it is impossible to predict with a high probability in the cryptocurrency market.
Some in a difficult situation throw a coin, left to chance. Wink

Lang09

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Quote from: Melomory on February 13, 2018, 05:58:36 PM

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.

Lukas Tarantas

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Quote from: Melomory on February 13, 2018, 05:58:36 PM

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

fasdorcas

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Quote from: usmanov123 on May 31, 2018, 04:43:53 AM

technical analysis is a tool for managing risks. that way of course it's useful. If some one trying to "predict" price by using some indicators it can be not that great.

And you are supposed to handle this risky thing. The reason for doing this is, if you just ignore what can be gone wrong, you may be dealing that very soon and ultimately you become a loser. So don’t just become so stupid and foolish rather keep your mind active and take things seriously. This seriousness would be dealing amazingly with your risks and the ending results becomes great.

rocketbits

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Quote from: Melomory on February 13, 2018, 05:58:36 PM

Do you believe in the reliability of information obtained by technical analysis on crypto-currency market?

I believe them, although they are not always 100% accurate in their predictions… let’s say that it is 50% accurate or so, but they can be very helpful most times. Just like earlier this year, one of my friends shared with me a prediction that the price will be going up to $15k on April, so invested, unluckily the price didn’t reach $15k, but at least it reached $10k and I made a good amount of profit from the investment I made in April.

Topaz72

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Quote from: jackky on June 01, 2018, 05:12:51 AM

Quote from: enawati on February 13, 2018, 07:39:37 PM

Yes very usefull for me because by know it we can decide which level price should be to buy and sell the coin. From technical analysis we will know also about overbought and oversold area, up trend and downtrend.

But we can also analyze wrong. We will never analyze exactly 100% in the crypto market. Because the crypto market grows very erratic. can rise and fall every hour

It is hard to make 100% of prediction about market price of bitcoin or any other crypto coin, as the price of bitcoin use or crypto currency use to increase sometimes very high and it can be changed thousands of dollar within one month so it is good if we deal with our bitcoin with patience and those who are most expert and old users of bitcoin can make right prediction to some extent, otherwise it is decentralized hard to predict.

iged_war

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Quote from: mudasarali43 on June 01, 2018, 07:47:52 AM

Yes, of course, The reliability of information obtained by technical analysis on the crypto-currency market is affecting, the Technical analysis is useful and helps to create the decision better in understanding the market in different angels and helps to you take a good decision,

trading without using technical analisys just will make our position and money risky.it silly man that spend their money for uselless thing.or common people said this is gambling not trading.

mudasarali43

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Yes, of course, The reliability of information obtained by technical analysis on the crypto-currency market is affecting, the Technical analysis is useful and helps to create the decision better in understanding the market in different angels and helps to you take a good decision,

coffigayo

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Yes it depends on the situation. You personally prefer to distance yourself from TA, but the basics can turn out to be somewhat helpful when the market is fairly calm, basically like the current market that is sticking to its range. Currently the market is entering a more active phase, the aspect of market predictability is essentially zero, and thus TA is less reliable, even completely unusable. But for basic trading you have to learn it to understand price action.

think3214

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Well, technical analysis really gives us an overview of the market, we will see the market trend then recognize the signals that the market brings, that may be a reversal trend and potential buying points. I believe that technical analysis is very important and indispensable, technical analysis is the premise that you can start trading altcoin or bitcoin to be able to profit collection

parthgajjar

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I disagree with that yet ive known some btc short day traders which they do make use of technical analysis.Results or movements might not be precise or accurate but yet they do have the idea on which prices they would tend to go in. Despite the fact that I am a devotee of the central examination, I do trust that both the techniques are helpful while anticipating the conceivable outcomes of the pattern that may occur later on

harriette

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It is really difficult to take precise take on the future just by the help of technical analysis and charts,the volatility is really high and you never know when the market is going to rise or fall as it is hard to determine the specific factors that rule the market. If you are doing a day trading, then yes technical analysis are more suitable for you. Like for example you are ask to monitor the price movement of bitcoin. And you are try to identify which part of the day it will pump or own

Getmon

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Quote from: Melomory on February 13, 2018, 05:58:36 PM

Do you believe in the reliability of information obtained by technical analysis on crypto-currency market?

Of course, technical analysis is very valuable in trading cryptocurrencies. You cannot just trade without any analysis from which you base your trading calls. It is no better than pure gambling if you do not have it. But let me also be quick to clarify that these technical analysis, even if coming from the expert long-time crypto traders, are not 100% certain. There is always a risk involved. After all, the crypto market is not that easy to understand and predict.

Leonard2016

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I believe in fundamental analysis more than technical in this market , the only technical thing i use is for bitcoin , other coins follow bitcoin chart most of the times so I just need to focus on bitcoin chart if i want to do technical analysis.

KeijiN

member

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It can be, but the actuall experience is that it is not alway sright, because the price can be affected suddenly by some shit

Furzo

newbie

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In my opinion technical analysis could be our one of the reference while study the market status but didn't predict the price probably technical analysis might know the 10% status of how the market movements but we should make our own decisions and analysis and make proper research and not depend on some unassurance theories.

cryptoloverlife

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Crypto market is still in its initial stage. I believe the market is still not as big as compared to traditional markets like stocks and forex.
Both Technical Analysis and Fundamentals need to be considered to be successful. TA definitely gives a direction to the judgment for getting into or getting out of a trade.

margaret22

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It is definitely useful, helps to understand a bit more what is actualy going on. But alone, it is not enough to make good trading decisions, in my opinon, there are other factors as well, should be considered.

Tapyaks72

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Quote from: ToyotaFortuner on June 01, 2018, 01:44:32 AM

it seems like analytical techniques can help to determine the right time to buy and sell coins but sometimes not all analysis techniques can be just as good you better be more careful.

Technical analysis is very useful in determining the real scores of cryptocurrency the price correction and the prediction on the future, although it is not precise but it almost accurate, because statically every numbers will follow a normal curve and a certain norm.

Roksodhon

jr. member

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Most of the traders are using technical analysis. And All the technical, fundamental analysis works together well. You can easily understand the trend too if you have expertise. Without technical analysis our trading feels like a gambling.

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