Topic: Is technical analysis useful? - page 17. (Read 2551 times)
Technical Analysis is one of the major factor to be learned if we want to be a successful trader. This will be the indicator that a coin is going to go up or down but of course its not 100% that TA is accurate all the time since the market very volatile.
Yes of course, technical analysis is useful because you can also consider the external factors in the business about something and it can help you to be more hands on in analyzing process.
I consider that a technical analysis (TA) does not work on crypto market and I can to prove my point of view. We need to recollect in mind the start of bitcoin growth and at that moment TA did not tell us about so incredible growth and moreover the bitcoin falling had to stop earlier somewhere about at 40-60% from the total growth but it did not happen.
I have been observing for quite some time the forecasts of multiple "experts" in technical analysis and I am surprised by the great variety of scenarios that each of them foresees for each chart. In short, under a certain pattern in the price of bitcoin, 33% will say that it expects an upward movement, 33% will foresse the price to remain stable, and another 33% will predict a downward movement. Therefore, this is only a type of analysis lacking in seriousness and based more on subjective observations than on solid foundations.
of course, just its influence is not as strong as in standard stock markets, there is a great deal of fundamental analysis
Technical analysis is equal in the power of predicting the future of divination on the coffee grounds.
Do you believe in the reliability of information obtained by technical analysis on crypto-currency market?
I never believed technical analysis was available in any market. I think that's just a way to kill time.I feel that the charts and drawings are unreasonable and do not bring a practicality into the market. I have a way of analyzing my own market and I have never invested in the wrong.
Technical analysis is very helpful especially when you really eager to earn money in trading because that's the key in trading technical analysis if without that you will trade blindly and don't know what your heading in through.
Technical analysis helps but should not be the only basis of your decision in trading. Signals helps a lot in identifying the current trend or the direction the price is going to.
Technical analysis is very helpful especially when you really eager to earn money in trading because that's the key in trading technical analysis if without that you will trade blindly and don't know what your heading in through.
At first I loss a lot of money because I don't know how to use then I see some good analysis its useful for me
Do you believe in the reliability of information obtained by technical analysis on crypto-currency market?
I am beginner . but somedays ago i do practice technical analysis. after when i do buy any crypto coin first i do technical analysis. after i do select when i will buy and when i will sell. i think technical analysis not give you 100% idea. but give you 80% or 90% idea . so you need technical analysis.
I have started a lot of the results of technical analysis but I do not think that the prognoses came true. I did not see it. Meanwhile, I always check it.
Do you believe in the reliability of information obtained by technical analysis on crypto-currency market?
Technical analysis in trading is strongly advised, before choosing the type of coin we are going to trade should do research on the type of coin, it is intended to avoid losses because the movement of coin prices that we choose to trade has a good potential for trading in the long term.
How many percent of your predict by technical analysis is win, guys?
I think it is a Yes for me , technical analysis is useful and not bad at all to use in this business and industry aside from that it still can help regarding about this issue to analyze and make findings about this to know what are things you should and need to know.
Do you believe in the reliability of information obtained by technical analysis on crypto-currency market?
You can get reliable information from technical analysis. There are many traders who are getting information from technical analysis because it is a great way for them to make decisions properly.I think that the technical analysis is almost useless, because the crypto exchange markets are manipulated by the whales. You better to rely on the trustful news, or the significant events in the economics or politics, or new regulation in the field of crypto currencies. The financial decision based only on the technical analysis might be absolutely wrong.
Even wales must have some sort of pattern or algorithm to follow. All human brains have some specify sort of behavior. If we observe a person closely, we can easily understand his way of thinking which mesa we can also tell what his actions will be. For instance, let’s suppose you are a whale, definitely you won’t manipulate the market randomly. You will also have some plans for your own goals. Analysis helps in figuring out that.
For you this is useful but this technical analysis does not guarantee work because sometimes the price of Cryptocurrency will not work with the technical because every news impact is high. But for basic trading you have to learn it to understand about price action. Do extensive research in every detail about the coin of your choice.
Do you believe in the reliability of information obtained by technical analysis on crypto-currency market?
You can get reliable information from technical analysis. There are many traders who are getting information from technical analysis because it is a great way for them to make decisions properly.
In the event that you utilize specialized examination to contribute then I figure you should stop at 5% net revenue. I have put resources into this market as indicated by specialized analysis.but covetousness has fizzled me.
Do you believe in the reliability of information obtained by technical analysis on crypto-currency market?
Too many people see this question as black and white, and that leads them to losing. Technical Analysis provides a slight edge.
However what most people do not appreciate is that edge is quickly lost if you do not have any understanding of risk management, trade sizing, and how to deal with your emotions while trading.
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