Is technical analysis useful? - page 26.

Alex077

legendary

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Quote from: Julunguul on February 13, 2018, 06:39:19 PM

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.

Tech analysis is a very good tool, but only when there is no irritative news on the market. To achieve effective result you should combine tech and fundamental analysis. In any case, technical analysis prove useful to learn the market and make decisions, or you should improve intuition and predict cryptocurrency’s rate.

Jack Cryptoman

newbie

Activity: 22

Merit: 0

I am think classic TA is not very useful. PriceAction+VSA is better Cool

TravelMug

hero member

Activity: 2632

Merit: 833

Quote from: Maksimus ZH on March 27, 2018, 01:22:13 PM

Technical analysis is one of the main components of the trader! Trading strategies are based on it! I believe in its reliability!

Yeah it maybe one of the components however, its not 100% right on the money, as we all know that this market is very different, we can see wild swings in just a matter of minutes thus, a downtrend.

But I have seen market analyst hitting a bull eyes when making predictions, I don't know how they do it, specially a analyst we predicts that bitcoin will go down prior to China's U-turn. Up to know I'm still in awe as to how the predict it perfectly without knowledge from the Chinese government.

sethme

member

Activity: 116

Merit: 24

Yes it is useful, especially if you are short-term investor. But if you are going to play long, you should not ignore fundamental analysis.

Ayush rana

full member

Activity: 476

Merit: 103

Technical data is always useful in decision making because it gives you the an idea about the market position and the product position, but I'll never recommend you to take decision only on the basis of technical data as in crypto currency prediction of market is very difficult as a huge pump and dump in price. Also there is no price limit of the crypto currencies. So i will suggest you to see the market conditions and combine your analysis (regarding market and crypto currency) and technical analysis together and then take decision.

Maksimus ZH

newbie

Activity: 168

Merit: 0

Technical analysis is one of the main components of the trader! Trading strategies are based on it! I believe in its reliability!

lordmick

hero member

Activity: 868

Merit: 500

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.

rickadone

legendary

Activity: 1176

Merit: 1024

Quote from: sallee2 on March 26, 2018, 06:17:35 AM

I think it’s useful, when I’m start trading I only use if I’m get profit just sell them, but sometime when I sell them the price going up again. Then I’m just learn just one TA and applied to the chart it’s can help me when the time to buy and sell although is not 100% true but it’s really help. I think it is an advantageous characteristic to possess because it allows a person to decide more logically and based on facts

Technical analysis is still better than not even having any analysis to do at all. With it, you can at least still be able to know how to play safe in the market most of the time. Some of us may have had a bad time with TA, but this does not mean it does not still work 100% of the time.

Most times, you will just have to stick with your own smartness when playing the market and see how things turn out and not completely rely on technical analysis. Because no tool will be versatile enough to read the psychology of traders. Yes, what most traders prefer that alone decides market directions.

billykannithi

member

Activity: 330

Merit: 12

Quote from: ducphucmmo on March 26, 2018, 06:17:45 AM

Technical analysis is not only useful but also an important tool for decision making in trading. As far as I know this is the only thing use in trading because of its effectiveness. The effectiveness also vary from the person using it. Fud is only effective if applied in a market that is either going down already, or bound to go down in a matter of days

I do not think so. Although technical analysis is very good but it really does not belong to the crypto market. You really can not control the finances of any altcoin in the crypto market, so the analysis will have low accuracy. Instead of analyzing, let's spend more time updating the news related to the crypto market. That would be great for investors.

Supercrypt

legendary

Activity: 1554

Merit: 1054

Quote from: litepresence on March 18, 2018, 08:33:04 AM

Quote from: Melomory on February 13, 2018, 05:58:36 PM

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

Yes it is useful in trading to understand when to buy and when to sell. But only depending on the technical analysis we cant move. All the technical, fundamental analysis works together well. We should always make a decision based on all the analysis not only with the technical analysis.

It is only useful once in a while but not every time and most of the time, it is a very complex and crazy market that can just decide to take some turns and that can really be a bad one for anyone who is trying to trade and using technical analysis alone.

Fundamental analysis also have a great part to play, but sometimes, you will just have to keep asking yourself what the market is really responding to and that leaves me to the market itself being manipulated. A perfect understanding of both technical and fundamental analysis will enable any trader to withstand all kind of market situations as these two are more powerful when combined along with experience in trading.

haroldtee

sr. member

Activity: 644

Merit: 299

Quote from: tatum506 on March 26, 2018, 06:17:52 AM

I believe to see firsthand how the market changes every time and it can be seen every day with self-understanding in order to have results and views that we can analyze ourselves to determine an accurate information. There is some really insightful technical analysis paid groups that do their research and post what they think of trade. The technical analysis analized it well of what probably happen even it is just prediction to other but the reality strikes

Firstly, you should not always depend on groups that share analysis, even though they can be helpful, but it is always better knowing how to do your thing, so as to make quick decisions on your own. It is always a good thing to be independent as a trader.

Secondly, with respect to the main topic, the market changes without any apology and we all just have to get used to it. In some occasions, technical analysis may give you a buying or selling signal, then a lot of things could just change all of a sudden and there you are trying to pick some pieces and using your stop loss but it is a normal thing.

I believe the market in itself, is just so complex and a whole lot of traders, even with the analytical skills are just trying to still play it safe by not completely relying on TA, but coupling it up with their perception most of the time.

tatum506

member

Activity: 311

Merit: 10

I believe to see firsthand how the market changes every time and it can be seen every day with self-understanding in order to have results and views that we can analyze ourselves to determine an accurate information. There is some really insightful technical analysis paid groups that do their research and post what they think of trade. The technical analysis analized it well of what probably happen even it is just prediction to other but the reality strikes

ducphucmmo

member

Activity: 168

Merit: 11

Technical analysis is not only useful but also an important tool for decision making in trading. As far as I know this is the only thing use in trading because of its effectiveness. The effectiveness also vary from the person using it. Fud is only effective if applied in a market that is either going down already, or bound to go down in a matter of days

sallee2

newbie

Activity: 112

Merit: 0

I think it’s useful, when I’m start trading I only use if I’m get profit just sell them, but sometime when I sell them the price going up again. Then I’m just learn just one TA and applied to the chart it’s can help me when the time to buy and sell although is not 100% true but it’s really help. I think it is an advantageous characteristic to possess because it allows a person to decide more logically and based on facts

commlinx

full member

Activity: 294

Merit: 100

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.

RenBct

member

Activity: 233

Merit: 10

Technical analysis is very useful especially when you are really serious in trading and making it your source of income because Technical analysis will predict or guess the next price so that you can be ready to trade.

litepresence

full member

Activity: 358

Merit: 118

Quote from: Melomory on February 13, 2018, 05:58:36 PM

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

Yes it is useful in trading to understand when to buy and when to sell. But only depending on the technical analysis we cant move. All the technical, fundamental analysis works together well. We should always make a decision based on all the analysis not only with the technical analysis.

nik9990

full member

Activity: 616

Merit: 100

First Islamic Crypto Exchange

I think it works on a short-term platform, however I do not know the technical analysis, I use only my guesses

FeArZ

member

Activity: 263

Merit: 10

Ordinarily, while not these investigations at any rate, there's nothing the dealer is doing than gambling. Be that because it might, adhering to specialised examination alone will not usually do the entice. you wish to consolidate such an outsized range of various examinations, kind of like central, to own the capability to decide on an honest alternative within the market.
Likewise, each one of those doesn't by any stretch of the imagination mean something as regardless it takes a substantial live of balls to exchange crypto, therefore you want to be very shrewd together with your selections and recognize once to alter your read a couple of market very snappy.

tonyja2017

member

Activity: 532

Merit: 10

Quote from: Melomory on February 13, 2018, 05:58:36 PM

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

The technical analysis on the currency market is only 40% accurate and I do not really believe in them. I believe in myself, our innovations and experiences are the most valuable and can be considered the most accurate. As long as you have a long experience in your trading.
I advise you not to rely on technical analysis information from people, believe in yourself.

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