Topic: Is technical analysis useful? - page 26. (Read 2551 times)
I am think classic TA is not very useful. PriceAction+VSA is better
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.
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.
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.
Technical analysis is one of the main components of the trader! Trading strategies are based on it! I believe in its reliability!
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.
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.
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. 
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.
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.
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.
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
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 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
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.
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.
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.
I think it works on a short-term platform, however I do not know the technical analysis, I use only my guesses
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.
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.
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.
When I just started trading I was amazed by all of patterns and indicators of technical analysis, but now I don't use it, I realised that it is a double edge sword and all indicators shows direction with a time lag. I've never seen a person who made a fortune on technical analysis
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