I dont rely is the right word for it.
Just a little guide.
You can see applications now which does technical analysis. Just a moment ago when I am browsing Youtube page, there is a lot offered that is something like this and it is directly with bitcoin which will be traded.
I don't think it is much of a help. Sure I look into graphs for histories but it doesnt mean it could always end like that.
Just right now, 2k dollars lost with bitcoin dump. No one even know that will happen.
Topic: Is technical analysis useful? - page 31. (Read 2535 times)
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?
Yes I believe, because they gather information from different countries and they are going to scattered those information that they obtained. They think that this is the reality and it happens because it will. The technical analysis analized it well of what probably happen even it is just prediction to other but the reality strikes. We cannot control what the up going of the cryptocurrencies because it is slowly booming ahead.
Technical analysis is utmost important in any trading pair and any tradable asset as it clarifies the future price point at which the market is moving to by limiting the chances of false alarm. The only thing that separates Trading from Gambling is the technical analysis ... SO YES TECHNICAL ANALYSIS IS USEFUL.
Other factors that drives the buy or sell decisions are the market sentiments and actual utility of the coin in real world.
Other factors that drives the buy or sell decisions are the market sentiments and actual utility of the coin in real world.
I do not really trust the information on market cryptocurrency. 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 trades. I tried one and its harder than I thought
I have subscribed on some technical analysis forecasts from reputable traders and admit that their forecasts are shit when market drops. So I suppose I will not more use their recommendations but just make decision basis on my intuition. 
Intuition is more accurate especially for me.
Intuition is more accurate especially for me. 
Do you believe in the reliability of information obtained by technical analysis on crypto-currency market?
It is depend on your analysis also some time we get profit by technical analysis on crypto currency but every time technical analysis not work properly. I use it but mostly i see some predictions and i guess if you do trade with predictions wise then it has more chances to make a profit on crypto currency market.
I noticed that my trading history I used both methods technical analysis and predictions but most of the time I made a profit when I do trade with prediction wise. I am not telling technical analysis will not give us profit but all time it will not work out we have to use both our technical analysis and predictions then we will get a chance to make a good profit in trading.
No, I don't find it to be useful. Prices change thanks to increase/decrease in value and speculation. We can couple the value aspect to 'fundamental analysis'.
Speculation is (generally) a random process. A lot of people use technical analysis to attempt to estimate what the next step will be in this random process.
However, as it is random, there is no reason why technical analysis should work. Oftentimes, the charts are adjusted to make it seem like it works (remember the parabolic BTC/USD graph that should _always_ be respected?).
There is one thing to keep in mind: if people base their decisions on these tools, it is more than just a measuring device - it indeed becomes a self-fulfilling prophecy. However, I've found this effect to be negligible in crypto.
Speculation is (generally) a random process. A lot of people use technical analysis to attempt to estimate what the next step will be in this random process.
However, as it is random, there is no reason why technical analysis should work. Oftentimes, the charts are adjusted to make it seem like it works (remember the parabolic BTC/USD graph that should _always_ be respected?).
There is one thing to keep in mind: if people base their decisions on these tools, it is more than just a measuring device - it indeed becomes a self-fulfilling prophecy. However, I've found this effect to be negligible in crypto.
Do you believe in the reliability of information obtained by technical analysis on crypto-currency market?
Technical analysis is really important in the trading world. We can predict what will happen to the price of the coin. I earning a lot of money by using technical analysis and by understanding the chart well.
Off course technical analysis are useful. But as far as i have seen technical analysis have worked well for longer time frames like weekly charts or daily charts. The least i would believe is 4 hour chart in crypto trading space.Because short-term scalping heavily get manipulated because of various reasons like fake buy sell walls.So ,it is better to depend less on technical analysis when it comes to short term trading.
Do you believe in the reliability of information obtained by technical analysis on crypto-currency market?
It is depend on your analysis also some time we get profit by technical analysis on crypto currency but every time technical analysis not work properly. I use it but mostly i see some predictions and i guess if you do trade with predictions wise then it has more chances to make profit on crypto currency market.
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.
Yeah, combining technical and fundamental analysis helps a lot when it comes to trading. However, you will still have to be very active on your trade to either have some alerts on in case anything goes wrong, as crypto space is an extremely unpredictable zone and if you do not put some things in check quickly, you may just end up wallowing in losses and waiting for the market to recover instead of buying back at a good spot. I think those analysis is just a supported tool only. Not more. The next price movement is really unpredictable.
Do you believe in the reliability of information obtained by technical analysis on crypto-currency market?
Technical indicators are not useful in the cryptocurrency when they are seen as systems in and of themselves; for example, there is a difference between saying "the RSI didn't work for me" and saying "the RSI didn't reveal anything meaningful to me within my trading strategy." The Relative Strength Index (RSI) does not make normative assumptions about profitable trading but rather reflects real data in a unique way. Think of it as twisting an object in the air to look at it from another perspective.
Thats too complicated indicator which normally work in forex but you use for crypto.
In some point, you are right but i think we can use candle and chart pattern in crypto but dont use it when news.
Do you believe in the reliability of information obtained by technical analysis on crypto-currency market?
Normally, without these analyses anyway, there is nothing the trader is doing than gambling. However, sticking to technical analysis alone will not always do the trick. You have to combine so many other analyses, like fundamental, to be able to make a good decision in the market. Also, all these does not really mean anything as it still takes a lot of balls to trade crypto, so you have to be very smart with your decisions and know when to change your view about a market pretty quick.
Do you believe in the reliability of information obtained by technical analysis on crypto-currency market?
yeah it helps a lot,because this will define some movements of our target coi.by then we have big opportunity to get what is in priority.but we must always put in mind that our own research will set us to the limit of making income,so technical analysis and research will bring us to successful trading In my view Fundamental news are more important than Technical news in cryptocurrency , for ex bitcoin lost 70% of it's value because of china and south korea FUD , you almost couldn't guess that from technical analysis
Wrong. The price started correcting itself because there was no fuel left for a further increase. Important to take in mind are the following factors; the price has only gone up that high because of the speculation around the future markets, and the fact that it was obvious that the $20,000 level was something we couldn't break through. Two very important (and obvious) indicators that should tell you to sell like there is no tomorrow, and that happened. In this case you didn't even need technical analysis, but just your common sense to liquidate your positions and to stay out.
It once again shows how people aren't able to look through what's really going on in this market. 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. Those behind all the fud have done an exceptional job in twisting the reality and make people think it was the fud having caused the price to go down. At most the effect of this fud has been that it made the correction last longer, which means that it tanked deeper than it would have without fud.
in stockmarket, i used to believe a lot in TA. but in crypto, not so much. prices of most coins are easy to pump and dump. plus there is no gain/loss limits
Pump and dump is very related with altcoin, especially the altcoin which still have small circulation.
However, not all coin is easy like that. For example bitcoin, its not so easy to pump and dump.
You can really identify breakouts,resistance and supports that will able to make decisions on where you do make orders either buy or sell since you do have insights or borders in where prices go and I'm sure most people believe in it, and use the technical analysis at the same time
Not really. It can be useful to have some insight about the major trends, but the market is so volatil and submitted to such impredictable changes (like pump and dump) that it is hard to predict how it will move.
Do you believe in the reliability of information obtained by technical analysis on crypto-currency market?
Technical indicators are not useful in the cryptocurrency when they are seen as systems in and of themselves; for example, there is a difference between saying "the RSI didn't work for me" and saying "the RSI didn't reveal anything meaningful to me within my trading strategy." The Relative Strength Index (RSI) does not make normative assumptions about profitable trading but rather reflects real data in a unique way. Think of it as twisting an object in the air to look at it from another perspective.
Without any basic knowledge, he cannot able to understand because he need both the practical experience in order to get more awareness about the trading. Sometime most of the Indicator may fail to gain the price but through chart reading, we can expect some growth in terms of value.
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