Is technical analysis useful? - page 16.

Kriptex

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Quote from: sakokinak on May 28, 2018, 10:45:25 AM

Quote from: Melomory on February 13, 2018, 06:58:36 PM

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

If with the help of technical analysis it would be possible to obtain a guaranteed profit, then all crypto traders would be very rich. But as practice shows with the help of one type of analysis one can not make a profit. Maybe just sometime!

For short term trading positions, technical analysis is always good to predict your way to move. But for long term trading positions, it's not a good idea to rely only on technical analysis. Fundamental analysis is also needed there.

sakokinak

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Quote from: Melomory on February 13, 2018, 06:58:36 PM

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

If with the help of technical analysis it would be possible to obtain a guaranteed profit, then all crypto traders would be very rich. But as practice shows with the help of one type of analysis one can not make a profit. Maybe just sometime!

siagh357

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Apart from fundamental and sentiment from traders that is use to anaalyse a coin ,technical analysis with indicators are the best fit for making informed decision. Support and resistance level for instance is the most important technical analysis that help traders to enter and exit trades.

2@abcdeeply

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Quote from: bitcoinerjawa on May 22, 2018, 01:59:37 AM

yes of course technical analysis is very important and very in need to know a good position to buy coin and sell coin, with technical analysis you can predict price movement.

In my opinion no analysis is absolutely accurate and technical analysis is the same, I find almost no analysis for the increase of the Crypto market is not accurate, the current altcoin price fluctuations do not follow a any trend. So we will never properly analyze their trends.

Bardman

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Quote from: rapidleech on May 21, 2018, 07:40:54 PM

Based on my experience in crypto. technical analysis only works for very short time frames. For long term investment you need to know fundamental analysis

Fundamental analysis is garbage for bitcoin and long term, anything long term is garbage for bitcoin. There is a big problem, bitcoin is not a company, a business so you can't use revenue or earnings or any other data that you would normally use. It is much harder to apply fundamental analysis to bitcoin, for other cryptocurrencies it can work but not for bitcoin.

liseff3

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For bitcoin traders, the purpose of trading is to be profitable. Although bitcoin trading's easier not necessarily we can get high profit, because in terms of trading, badly needs the right analysis one of which is called technical analysis if you're wrong in doing the analysis of course will make you lose. To be able to perform technical analysis you should observe the chart on the spot market bitcoin

kimochidesh

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1.   The biggest advantage of technical analysis is that is helps investors and traders predict the trend of the market. Up trend, downtrend, and sideways moves of the market are easy to predict, with the help of chart analysis.
2.   Timing plays an important role in trading and investing. With the help of technical analysis, traders and investors can predict the right time to enter and exit a trade thereby enabling good returns.
3.   Technical charts provide a lot of information that helps the traders and investors build their positions and take trades. Information like support, resistance, chart pattern, momentum of the market, volatility, and trader’s psychology are just some examples of types of information provided by technical analysis.
4.   Technical analysis gives early signals and also paints a picture about the psychology of investors and traders regarding what they are doing.

candy69

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It is certainly useful, but it is not always useful in cryptocurrency trading. There are other factors also affect the price.

Pattart

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Quote from: V. J. Meyer on May 21, 2018, 11:38:08 AM

Of course, technical analysis is extremely useful. Through analysis, you can predict the future of coin you are holding or trading. Accurate predictions help you make a lot of money. Also you should keep track of newspapers, websites. These articles are also technical analysis, from which you give your own comments. Good luck.

Technical analysis is urgently needed therefore it will give you guidance to continue holding or selling, to buy or no, etc. and technical analysis that will determine you will loss or gain. your skills and knowledge will greatly affect to the results of the technical analysis you will get. The greater your experience and knowledge the better your technical analysis and the likelihood of profit will also be higher

rhamdy

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I do not think so, because an analyst could be wrong.
In the world of Cryptocurrency whose background is a digital currency cannot be predicted with certainty because the nature of the digital currency is Volatile.
So an analyst could be right and could be wrong. The prediction will be proven when looking directly at the same time in the Cryptocurrency market.

sedahan13

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Its very usefull for me, trading decision without make analysis in technical will hard to get best price when entry and exit, though technical analysis does not work full accurate , but by understanding about charting and some indikator is very help to know price action of crypto and will help to know best price area to sell and buy.

piter_wip12592

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Quote from: pentix on May 22, 2018, 03:15:38 AM

I would say it's completely useless for trading but kind of helpfull in the beginning just to know last history and some aspects of cryptomarket. Anyway, it's unpredictable and what worked yesterday, is not going to make tricks tomorrow. Many people don't do that and make lots of $$$

I do not think that . Technical analysis will be more useful in short trading sessions. Based on that you will know where to buy and sell. If you invest long term you do not need to pay attention to it.

pentix

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I would say it's completely useless for trading but kind of helpfull in the beginning just to know last history and some aspects of cryptomarket. Anyway, it's unpredictable and what worked yesterday, is not going to make tricks tomorrow. Many people don't do that and make lots of $$$

bitcoinerjawa

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yes of course technical analysis is very important and very in need to know a good position to buy coin and sell coin, with technical analysis you can predict price movement.

shinchan123

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Quote from: Melomory on February 13, 2018, 06:58:36 PM

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

It doesn't fully help of course, but it definitely increases the awareness and the knowledge of one person when it comes to cryptocurrency market. I would say that it certainly helps, but not to understand fully how the market works and changes. So, there still must be other references.

jamids

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Quote from: rapidleech on May 21, 2018, 07:40:54 PM

Based on my experience in crypto. technical analysis only works for very short time frames. For long term investment you need to know fundamental analysis

I agree. Technical analysis is more applicable to day trading than investing for a long time cause after all investing is not trading and you have to look at the future of the coin if it has the potential to grow in value in the future. For those who are interested in trading for the shorter time frames, technical analysis is very helpful because it will give the trader the perspective of when to buy and sell. Especially for those margin traders, technical analysis is a requirement as it will be the basis for entry and exit.

victoryana

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Technical analysis will be a good thing for those who know more about this tool to make a profit than those who do not know investors who know technical analysis will benefit them to grasp the strengths. And they will have the advantage of making the transaction better

rapidleech

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Based on my experience in crypto. technical analysis only works for very short time frames. For long term investment you need to know fundamental analysis

dangcaohung

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Quote from: Melomory on February 13, 2018, 06:58:36 PM

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

Im using technical analysis in trading now but in Forex market not crypto market. The season I think, TA is not good in crypto market is not transparent and its data history is not too long for accreditation and backtesting. Im prefer fundamental in crypto because I think all the coin will tend to go its real value.

V. J. Meyer

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Of course, technical analysis is extremely useful. Through analysis, you can predict the future of coin you are holding or trading. Accurate predictions help you make a lot of money. Also you should keep track of newspapers, websites. These articles are also technical analysis, from which you give your own comments. Good luck.

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