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
Topic: Is technical analysis useful? - page 14. (Read 2551 times)
technical analysis is a good thing but we cant 100% rely on technical analysis because it is not the only way to make a good decision. It should be compared and combined with fundamental analysis.but in cryptoThe next price movement is really unpredictable because small bad news can easily change complete market condition in a crypto market. also there are many factors that affect it . the best way is long-term holding .
To my mind, technical analysis brings the crypto market these necessary instructions that you need whenever you are doubtful of whether it is beetter to invest or to sell some coins.
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.
Useful if the news is also favoring it. If your technical analysis shows that your altcoin has a high chance of breaking the trendline or support but here comes the news that is all about FUD then your TA is just worthless.
Yes usefull but does not work fully accurated, we should also learn about fundamental analysis to make prediction work better. Technical analysis is basic of all kind of trading, and we should have knowledge about it to understand price action. For day trader is should be learn more this methode analysis , and for long term trading also need learn about fundamental analysis.
Do you believe in the reliability of information obtained by technical analysis on crypto-currency market?
actualy in my own thought technical analysis on crypto currency market is very useful,because in there you can determine the data statistic of cryptocurrency is going up or going down,and by this information of technical analysis,you can decide on what to do in your investment trading in cryptocurrency either you can continue to moving forward of your investment or you most stop for a while and find another kind of reliable resources of bussiness.
The technical analysis is excellent, but it must always be compared with the fundamental analysis and - anyway - keeping in mind the context in which we move: while the forex is more stable, the crypto world is very sensitive to rumors, so always have a eye on what's going on behind the charts
Technical analysis of candlestick charts is very important in determining the buy zone and the direction of the market over the next period. If possible learn a variety of technical analysis methods. Continuing to keep track of market movements and related news will help you capture the trend. Do you believe in the reliability of information obtained by technical analysis on crypto-currency market?
Technical analysis is very useful because we as traders have methods and techniques to avoid any loss on our trades. This alone prices that analysis plays a vital role in every trades we do. Cyptocurrency trading is not only trading without analysing the market, it needs techniques and proper monitoring to be successful.
With this small market, I just believe in new news, technical analysis I often find inaccurate
Actually I do believe in this tool called technical analysis which is used to know about the business and trading opportunities and also to evaluate its security by analyzing data and statistics gathered from trading records. This tool helps you take good decisions in terms of profitability in the market and helps you escape illiquid and unstable assets which often are made look attractive in the market so yeah the tool is great.With this small market, I just believe in new news, technical analysis I often find inaccurate
Actually I do believe in this tool called technical analysis which is used to know about the business and trading opportunities and also to evaluate its security by analyzing data and statistics gathered from trading records. This tool helps you take good decisions in terms of profitability in the market and helps you escape illiquid and unstable assets which often are made look attractive in the market so yeah the tool is great. 
It should be compared and combined with fundamental analysis.
Say what?People generally do one or the other and, I would add, if you practice fundamental analysis then there's no reason for TA. Technical analysis IMO is akin to voodoo or holding a prayer circle before executing a trade. I also think TA people think they see patterns when there are none and rely on past data to predict future data--and that's been proven to be a wrong way of perceiving the market. Thus I have never used TA in any of my trades, in bitcoin or in the stock market. I have used fundamental analysis in the latter, since stocks lend themselves to that very nicely. Crypto? Not so much, since there aren't any real "fundamentals" to analyze. There's no business, no dividends, management, or earnings that you can look at to get a feel about the health of a coin. There's only supply, demand, and rumor/news.
I can see why so many bitcoin traders use TA, because there isn't much else to do except to look at charts. I don't think most of them are successful, though.
Correct and detailed technical analysis in conjunction with fundamental analysis has always been a powerful tool in the hands of an experienced trader. But technical analysis only works where there is a history of trading for several years. It is extremely difficult to apply technical analysis to new cryptocurrencies.
The technical analysis is excellent, but it must always be compared with the fundamental analysis and - anyway - keeping in mind the context in which we move: while the forex is more stable, the crypto world is very sensitive to rumors, so always have a eye on what's going on behind the charts
Technical analysis is very useful in making trading decision although, it is always advisable to take into consideration the fundamental aspect of the market analysis as that has a serious effect on the market too.
technical analysis is one of the factors of trade analysis, but it is not the main one in the crypto-currency trade
In General, the purpose of technical analysis is very helpful in trading on the stock exchange. However, it is not always a reason for the rate of the coin.
Technical analysis might help you to determine the market status but if you always depend in TA i think it is not advisable its better to make your own analysis cause TA is only a referrence but cannot predict future market always have an unexpected moving of price so TA is not completely reliable for me.
First of all what is technical analysis?
Simply stated, technical analysis is the study of data generated from the market and from the actions of people in the market.
So in conclusion it depends on how you use/interpret it.
Simply stated, technical analysis is the study of data generated from the market and from the actions of people in the market.
So in conclusion it depends on how you use/interpret it.
If you use TA with FA then off course it is useful
It works almost 90%
Don't rely on TA alone
Also use your mind and check the possibility of it
Don't believe on things blindly
I am not expert of TA but i know one thing that market moves according to bitcoin
Bitcoin is King of crypto market
It works almost 90%
Don't rely on TA alone
Also use your mind and check the possibility of it
Don't believe on things blindly
I am not expert of TA but i know one thing that market moves according to bitcoin
Bitcoin is King of crypto market
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