Topic: Is technical analysis useful? - page 2. (Read 2551 times)
I think that you should use the fundamental analysis as well! it will be even more helpful than the technical one. i think so because i have some experience in this question and can say this taking into account my failures
Do you believe in the reliability of information obtained by technical analysis on crypto-currency market?
Yes it was very useful for those people who are investing a huge amount because in this way they are going to determine if they will be earning profit or not.
The next price movement is really unpredictable.copy
Do you believe in the reliability of information obtained by technical analysis on crypto-currency market?
Yeah,its a big yes,thats the technical analysis is usefull to every people thats belong into this cryptocurrency investment,otherwise its needed also to have your own strategy in order to have differrent choices and this two tools would help you to identify or guide you,of which better to used in the future decision making.so therefore technical analysis is usefull in our carrer as a crypto enthusiasm,with the supervision of your own decision making.
It is the basic tool. There are so many other parameters and factors that affect cryptocurrency and market flow.
The market is largely unpredictable, to a an average reader.
Technical analysis helps to predict the direction, point of buying and selling of a coin but in a volatile market such as cryptocurrency technical analysis is only for reference. The volatility of the market dominates the cryptocurrency so it is necessary to observe market fluctuations for a suitable investment. The market is largely unpredictable, to a an average reader.
Do you believe in the reliability of information obtained by technical analysis on crypto-currency market?
Yeah,its a big yes,thats the technical analysis is usefull to every people thats belong into this cryptocurrency investment,otherwise its needed also to have your own strategy in order to have differrent choices and this two tools would help you to identify or guide you,of which better to used in the future decision making.so therefore technical analysis is usefull in our carrer as a crypto enthusiasm,with the supervision of your own decision making.
Nope. Only proper risk management works.
It is the basic tool. There are so many other parameters and factors that affect cryptocurrency and market flow.
The market is largely unpredictable, to a an average reader.
The market is largely unpredictable, to a an average reader.
i agree , technical analysis is very useful .it helps me lot.everywhere or and in any kind of process analysis. If you relate it to what's going on behind the scenes. Every rise or drop occurs because people buy and sell.
By using this kind of technique we can gather data so that we can track and back track the process movement of a specific coin in the market to help us in our decision making in trading.
By using this kind of technique we can gather data so that we can track and back track the process movement of a specific coin in the market to help us in our decision making in trading.
More than useful if you are just a new trader and you want to make as much money as possible, that is the only way in that you are going to know how the market will be reacting over the next few minutes or hours, it depends on the charts.
Specialized investigation works in all business sectors. Yet, you have to comprehend and know the characteristic of a particular market. With respect to the cryptographic money showcase, here likewise has its own particular eccentricities. Here you have to complete a principal examination. News hugy affects this market, it's as yet youthful, a great many people on the planet know nothing about cryptographic forms of money. Numbness breeds fear. These minutes should dependably be recalled. Without specialized examination, it is just difficult to ascertain the right passage and leave focuses. At times, on the news, you can likewise discover these focuses. Be that as it may, in the event that you go about day exchanging, specialized examination is fundamental.
yes technical analysis helps me lot in stock market n but it not works most of the time in crypto market, beacause of its pump dum ( highly volatility ). but u can easily analysis on monthly/yearly frame chart.
in short technical analysis not works in day trading. it is very help helpfull in long term .
in short technical analysis not works in day trading. it is very help helpfull in long term .
Using technical analysis only is not a good ways to make a decision. It should be compared and combined with fundamental analysis.
I think those analysis is just a supported tool only. Not more. The next price movement is really unpredictable.
I think those analysis is just a supported tool only. Not more. The next price movement is really unpredictable.
1.Everyone who wants to trade must understand that this is a great job
2.It is not enough to observe trends, you must learn to find the patterns of price movement
3.Crypto-currency markets are very changeable, if you start, trade only very liquid instruments (with the largest capitalization)
4.Always use a stop loss, as these markets are not controlled, the coin can fly very quickly to the bottom. And you will lose all your money
5.After you have found patterns, create a clear algorithm of actions. Before you risk real money, make a backtest for yourself, look at the available history of the trading instrument as all the entries that were in accordance with your patern. Here's an example of how I draw up my backtest (http://prntscr.com/k8jp8h)
6.Learn to use mani management and risk management, it's a long time to explain, google it
7.Begin with small trading positions, you must psychologically get used to the fact that you can lose money
8.And ONLY after that start trading
Concerning the search for materials for creating strategies, look for material in the communities of traders, for example: http://www.insiderport.com/ Or find something that suits you
Technical analysis is a good way to know the price and direction of a price of a financial instrument, token, commodity, etc. Everything tradable is represented on the chart and if you learn how to trade using technical analysis with a bit of fundamental analysis, you would be a good trader and you would trade well
Do you believe in the reliability of information obtained by technical analysis on crypto-currency market?
Yes it is useful especially for those who base the decision of trading in technical analysis. Through it, we would be able to check the potential and capability of coins to rise or when to hodl and when to sell. It is just a matter of stills and understanding on how to basically understand it.
Yes, technical analysis is useful but it's not enough and by no means the only thing you need. It will guide you though but other times, you'd be needing more to pull through.
I think it’s useful, By look in to chart and add some indikator we can understand more about price action, when the market up trend and down trend. To understand technical analysis is important when doing day trading and long term trading
Think about this......
If the price falls and then starts rising, who bought?
Someone, or a group of people, had to buy in order for it to rise, so who decided to buy?
It couldn't have been traders like us, because we don't have enough Bitcoin (at least I don't) to affect the price. And even if you did have enough Bitcoin would you really buy after a huge drop, like the one that took place on the 6th Feb 2018, took place.
Probably not, right?
So then who bought, because someone had to.
If the price falls and then starts rising, who bought?
Someone, or a group of people, had to buy in order for it to rise, so who decided to buy?
It couldn't have been traders like us, because we don't have enough Bitcoin (at least I don't) to affect the price. And even if you did have enough Bitcoin would you really buy after a huge drop, like the one that took place on the 6th Feb 2018, took place.
Probably not, right?
So then who bought, because someone had to.
TA is only useful if you relate it to what's going on behind the scenes. Every rise or drop occurs because people buy and sell. Understanding how traders buy and sell, as in when they are likely to buy and sell and what causes them to buy and sell, is the key to making (consistent) money.
Technical Analysis is one of the most important stuffs here in trading. While it is not 100% guaranteed as news and important factors matters too it should play an important role especially when someone is planning to analyze its lowest and highest.
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