Is technical analysis useful? - page 19.

shipon01683

newbie

Activity: 122

Merit: 0

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?

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.

mrproblem

member

Activity: 392

Merit: 24

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 you have same template over a period for 3 times that means it can happen as 4th. According to coin trends also you are able to see some trend templates on some periods. So there can be some replication also for their future.
So technical analysis can give something to you but it can not say exact future.

Ryanpogi

member

Activity: 294

Merit: 10

its very helpful a lot to analysis, so here we can see how we can move on to everything or decision. so do you make the decision most important is to analyze ... thanks ..

mario9x

newbie

Activity: 125

Merit: 0

Technical analysis is necessary for trading, but I think it is not effect. It all depends on the bots. Roll Eyes

Coin-1

legendary

Activity: 2548

Merit: 2259

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.

alan2here

hero member

Activity: 1778

Merit: 504

WorkAsPro

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?

In my logical thinking, I do not think the technical analysis is correct. I think that's just all the speculation of its creator. The speculation is never correct. If the technical analysis is correct then there will never be investors losing money. : D
So I advise you not to believe in chart analysis. It's just a joke.

capoeira

legendary

Activity: 2404

Merit: 1003

people don't realize that looking at a chart is allready technical analysis. I doubt there are many outr there in the cryptoworld who only rely on fundamental analysis

TRAID

jr. member

Activity: 246

Merit: 1

Technical analysis DOES work, despite what most people will tell you. The more you learn it, the easier you will see the patterns repeating. BUT, it's the not the only factor that affects the price. Crypto is also ran by emotion, news, FUD and stuff like that.

ov3rflow9x

full member

Activity: 374

Merit: 100

The technical analysis is not the only tool that provides the information on the market stability. There is also the fundamental analysis that works perfectly together with the first one.

alvinmtp

hero member

Activity: 658

Merit: 505

Despite the actual fact that i'm a follower of the central examination, I do trust that each the techniques ar useful whereas anticipating the conceivable outcomes of the pattern which will occur in a while. no one will anticipate the precise future developments nonetheless the expectation of the conceivable outcomes of the patterns facilitate North American country to come to a decision the productive exchanging/contributing systems. With regards to the fundamental quantity, I do depend upon principal investigation for the mid/long haul and utilize specialised examination for the temporary timeframe define.

eekkaa

full member

Activity: 364

Merit: 100

of course analytical techniques are very useful because if you look to be able to determine the right time to buy and sell coins in need of a very strong and high level of analysis so you can get a lot of profit. when trading skills are very useful.

dsaijz03

full member

Activity: 322

Merit: 101

In some trading area Yes but not fully in a sense that you will gonna depend only your decision on it. Some say it is useful but some do not like it maybe because they find it not useful on there part.In my part I sometimes use also my fundamental analysis to decide, both technical and fundamental analysis sometimes in a way that even we use our technical analysis but because we cannot clearly predict the price of cryptos like whos gonna buy or sell and how big it is we use our fundamental but still technical is also useful.

abrr

full member

Activity: 326

Merit: 100

You can take information about technical analysis into account, but try to do the analysis of cryptocurrency market yourself for perfect trading

Eva_me

newbie

Activity: 120

Merit: 0

Of course technical analysis is necessary for trading! But do not forget about the fundamental analysis. News gives a start to the behavior and the mood of the market. Understanding that now there will be a bearish (or bullish) attitude + the correct technical analysis of the graphs enables the trader to earn Wink

devollito

full member

Activity: 560

Merit: 217

Even in crypto trading it is still usefull for making decision when the right time to buy. Technikal analisys is the best way to see how market behavior are. How people react to the market from volume and movement. Moving average and so on. For daily trader it is very usefull nase on my experience.

SuperTA

sr. member

Activity: 406

Merit: 301

Technical analysis can be very usefull , yes! But it also depends on other things, like who made that tehnical analysis. Some experienced proffesional with high score history or some wannabe unexperienced new trader.

sajeebur rahaman

member

Activity: 224

Merit: 10

I love Beauty

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?

I can show you the magic of some technical analysis,
Anlalysis Link : https://www.tradingview.com/chart/BTCUSD/SWxeXsAA-BTCUSD-ANALYSIS/
https://www.tradingview.com/chart/ETCBTC/UcM6vike-ETCBTC/

You will see so many,

BTCITA187

member

Activity: 1176

Merit: 14

This is not a good move to use technical analysis for crypto because this is very unstable and manipulating market. Because here we have so much "predictions" about BTC price or other that you really don't know what to do with that. One group shows their technical analysis where BTC will costs 20000 $ other shows their technical analysis where BTC will costs 5000 $ and everyone has their support levels or something with "strong" arguments and a lot of facts.

amber deposit

jr. member

Activity: 210

Merit: 3

technical analysis is not suitable for altcoin analysis. The movement of these coins easily out of balance, even when trading small amounts. Technical analysis is suitable for conservative markets.

Koadharber

hero member

Activity: 1065

Merit: 510

Quote from: ArnoldChippy on May 09, 2018, 08:42:22 AM

Quote from: FiveReelsTwo on May 06, 2018, 02:10:35 AM

Technical analysis is very helpful to decide when and where to invest, We all know trading are risky but traders are willing to accept the risk just to earn profit, One way of minimizing the risk is deep planning, Gathering data would be easier for us to identify which one has potential and easily anticipate its movements.

I think yes it is always good to get technical analysis, for that you need to study the market and always get the expert opinion which can help you in taking a right decision, i think that successful trader always get technical analysis, which really help them in taking a right decision about their trading and investment. which can be helpful for getting profit from trading and investment.

I believe on such thing even myself would get used to technical analysis into my trades where it is really a useful thing anytime with fundamental analysis which will support your technical then id most likely see that this is effective on my trading career.Im not still professional on making trades but the important thing is that you do make your own way on how to be profitable.

Topic: Is technical analysis useful? - page 19. (Read 2535 times)