Topic: Is technical analysis useful? - page 30. (Read 2535 times)
Despite the fact that I am a devotee of the central examination, I do trust that both the techniques are helpful while anticipating the conceivable outcomes of the pattern that may occur later on. Nobody can anticipate the exact future developments yet the expectation of the conceivable outcomes of the patterns help us to decide the productive exchanging/contributing systems. With regards to the time period, I do depend on principal investigation for the mid/long haul and utilize specialized examination for the brief timeframe outline.
Yes. TA is basically a research technique that helps you identify trading opportunities in market based on the actions of market participants. The actions of markets participants can be visualised by means of a stock chart.Over time, patterns are formed within these charts and each pattern conveys a certain message. So TA basically helps you develop a point of view based on this pattern and helps you to define a trade by considering price at which one should buy and sell stocks.
Do you believe in the reliability of information obtained by technical analysis on crypto-currency market?
Why not to believed? This technical tools is very helpful into crypto trading.Might not work anytime on the trade we would made but somehow its do really adds up the chances that we are hitting the right path on such price movement of coins.It is indeed useful into my side and i do rather make use of these stuffs rather than on just focusing on listening and reading up fundamentals.Yeah, this is where trade analyst look and study. They are able to identify entry points by just looking at the candlestick. Using technical analysis, they are able to predict with more accuracy the movement of the price of an item. But of course it is not 100%, this is just used as reference because nobody knows what will happen on the future especially on the cryptocurrency market.
For alts probably, for btc? Most of the time no. Sonce btc is basically the one alts react to, its extremely hard to base your ta on anything with btc and a lot of ta's miss predictions with bitcoin.
Technical analysis helps you identify the best buy and sell. In addition, you should observe the buying power and sell a coin between the floors together to make decisions for you!
people forget that at the moment you are looking at a chart, you are making a technical analysis. even if it just to identify a breakout.
Do you believe in the reliability of information obtained by technical analysis on crypto-currency market?
If you are doing a day trading, then yes technical analysis are more suitable for you. Like for example you are ask to monitor the price movement of bitcoin. And you are try to identify which part of the day it will pump or own. By that it will be eady for you to know when is the right time to buy and when is the right time to sell. So you could have enought income.
It is always useful to use statistical analysis. This means you will not reach the exact finding but the possibility.
So you can act every time according to possibilities if you use analysis or not..
So you can act every time according to possibilities if you use analysis or not..
It may be useful somehow but it shouldn't be the exclusive tool to be used to take market based decisions .
In another hand, the hypervolatility of such market can extremely decrease the rightness of some taken decision ( based on technical analysis )
You could not have said it any better! TA is not a destination, but one of many means to arriving at sound trading decisions. Any knowledgeable trader would agree that trading decisions reached via TA, are more likely to hit the bull in the eye than would ever be possible without any form of TA. There're may traders who could come forward with a million and one reasons why TA won't work with cryptos, but they're no doubt in the minority. In another hand, the hypervolatility of such market can extremely decrease the rightness of some taken decision ( based on technical analysis )
I think technical analasys is for gamblers
Do you believe in the reliability of information obtained by technical analysis on crypto-currency market?
I believe undoubtedly. If you have enough technical skill, you will be able to understand buy signal and sale signal. Thus you can decide on buying and selling. You can certainly invest wisely and generate profit 
Do you believe in the reliability of information obtained by technical analysis on crypto-currency market?
Cryptocurrencies market is unpredictable which means you can't completely rely on it but i also believe that analysis works if you have got any experience in the market. If you are trading here in cryptos you should go through the technical aspects of the coins you are going to invest, although the success is never guaranteed.
Do you believe in the reliability of information obtained by technical analysis on crypto-currency market?
It is really difficult to take precise take on the future just by the help of technical analysis and charts,the volatility is really high and you never know when the market is going to rise or fall as it is hard to determine the specific factors that rule the market,but one thing that is detrimental in market movement is the news around the globe regarding crypto currency,the market moves according to the news most of the time. Do you believe in the reliability of information obtained by technical analysis on crypto-currency market?
Why not to believed? This technical tools is very helpful into crypto trading.Might not work anytime on the trade we would made but somehow its do really adds up the chances that we are hitting the right path on such price movement of coins.It is indeed useful into my side and i do rather make use of these stuffs rather than on just focusing on listening and reading up fundamentals.Yeah, this is where trade analyst look and study. They are able to identify entry points by just looking at the candlestick. Using technical analysis, they are able to predict with more accuracy the movement of the price of an item. But of course it is not 100%, this is just used as reference because nobody knows what will happen on the future especially on the cryptocurrency market.
For alts probably, for btc? Most of the time no. Sonce btc is basically the one alts react to, its extremely hard to base your ta on anything with btc and a lot of ta's miss predictions with bitcoin.
Do you believe in the reliability of information obtained by technical analysis on crypto-currency market?
Why not to believed? This technical tools is very helpful into crypto trading.Might not work anytime on the trade we would made but somehow its do really adds up the chances that we are hitting the right path on such price movement of coins.It is indeed useful into my side and i do rather make use of these stuffs rather than on just focusing on listening and reading up fundamentals.Yeah, this is where trade analyst look and study. They are able to identify entry points by just looking at the candlestick. Using technical analysis, they are able to predict with more accuracy the movement of the price of an item. But of course it is not 100%, this is just used as reference because nobody knows what will happen on the future especially on the cryptocurrency market.
As we all know there are two type of trading analysis technical and fundamental analysis, in crypto currency trading we use technical analysis but it can't be 100% accurate.
and one thing more in cryptocurrency trading price of token is calculated by demand and supply of particular token.
and one thing more in cryptocurrency trading price of token is calculated by demand and supply of particular token.
Do you believe in the reliability of information obtained by technical analysis on crypto-currency market?
Why not to believed? This technical tools is very helpful into crypto trading.Might not work anytime on the trade we would made but somehow its do really adds up the chances that we are hitting the right path on such price movement of coins.It is indeed useful into my side and i do rather make use of these stuffs rather than on just focusing on listening and reading up fundamentals.Do you believe in the reliability of information obtained by technical analysis on crypto-currency market?
Technical analysis is still useful even in very volatile market such as cryptocurrency. Although not that accurate but still you have a basis for your entry or exit. It just you need to be extra careful on interpreting your figures in technical analysis.
Precisely, technical analysis plays a vital role in a crypto-currency market. Through this we can track the future movement or direction of prices by analyzing statistics gathered from trading activity or through the study of past market data, such as price and volume.
Yes very usefull for me because by know it we can decide which level price should be to buy and sell the coin. From technical analysis we will know also about overbought and oversold area, up trend and downtrend.
Analysis is really helpful for those who makes trading as a living which indicates or guide as for the decision or transaction we could take out of the current price and the future forecast of the value of Bitcoin. It is really worth a try if we are going to be capable to check and to have a bettee way on gaining profit.
Certainly technical analysis is useful in commercial cryptocurrency markets. Technical analysis of candlestick charts helps you identify the exact point of sale and selling point that optimizes the return you get. Prepare yourself with a lot of knowledge in this market, which is very necessary.
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