Is technical analysis useful? - page 33.

Natetan1004

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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?

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. Some are not good at evaluating that's why they say it's not effective, but in reality there are hundreds of TA techniques to be use for.

havicvotre

member

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I think such a thing can not be used as a decision in terms of trading. because accuracy in trading is a lesson learned from an information and experience we have ever experienced.

mostkey

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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?

technical analysts, fundamentals are always useful for profit.

even professional traders always use technical fundamental analysts etc.

bamboylee

hero member

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Technical analysis helps but should not be the only basis of your decision in trading. Signals helps a lot in identifying the current trend or the direction the price is going to.

danherbias07

legendary

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Leading Crypto Sports Betting & Casino Platform

A guide but not as helpful as having the experience in trading.
You have analysis but have never been thru bad times like dips. Then it wont help. How can you handle such things which happens without warning if all you have is technical analysis.

There are times that instincts will work and also listen to FUD's. I am not saying believe them but rather use it to be more wise with your actions.

spyderbilt

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Quote from: betlord90 on February 17, 2018, 05:58:01 AM

Quote from: tokenchatkelvin on February 17, 2018, 05:42:35 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 I find that it works really well, especially supply demand zones

Useful for the fact that we can get some little pointers and reminders upon doing a good timing trades and we can even tell basically that the coin will pump due to the performance they get from its traders and believers who doing some manipulating trade or stagnant ones.

with the technical analysis I think we can use the technique to be able to see the market in cryptocurrency. so maybe it is needed by investors or traders.

betlord90

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Quote from: tokenchatkelvin on February 17, 2018, 05:42:35 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 I find that it works really well, especially supply demand zones

Useful for the fact that we can get some little pointers and reminders upon doing a good timing trades and we can even tell basically that the coin will pump due to the performance they get from its traders and believers who doing some manipulating trade or stagnant ones.

tokenchatkelvin

newbie

Activity: 27

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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 I find that it works really well, especially supply demand zones

GelsoAM

member

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Technical Analysis is very important in trading because that's where you get indicated where to buy and sell that coin, but of course sometimes your Technical Analysis is risky to follow.

rickadone

legendary

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Quote from: edhp on February 13, 2018, 06:43:48 PM

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

Yeah, cryptocurrency market is so unpredictable that you just have to be always very careful otherwise missing out big chances will be the humiliating results. However, for those who understand the market, and the fact that it not a controlled market, they always know how to fine tune their decisions to make a call when the first ends up not working out. As much as opportunities abound in trading cryptocurrency, one also has to be smart with it.

Technical analysis still helps, but you have to believe that it is not all the time, as even in Forex or stock, they can still mess up.

lantan81383628

jr. member

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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?

Data analysis is not always a reliable thing, not every time it works in the password world.

The volatility of this market can greatly reduce the accuracy of decisions.

chocolaty

member

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Merit: 14

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?

I don't still have this skill though because I am working on it. Nevertheless, I think it is an advantageous characteristic to possess because it allows a person to decide more logically and based on facts. It is hard to rely on the vast and various opinions of other people in terms of decision-making.

meyklove

member

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Yes it does. Its not 100% accuracy to hit what is your target but it lowers your risk or gives you a better chances to gain profit from it.

wagi

full member

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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?

There two analysis market those are technical and fundamental. Technical analysis combine between candle pattern and chart pattern.
Both chart and candle pattern is important to combine and make good profit. Start learning support resistance also very recommended.
Btw, technical analysis is yet working to decide when to buy or sell but when no news coming. Technical analysis will defeat by fundamental if news appear. Better to combine between those two.

yhoga45

member

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Merit: 13

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. But now I just can holding my coins because I’m bought my coins when ATH. Hopefully I can get moneyback so I can start trading again.

manggis97

member

Activity: 476

Merit: 10

I think to understand technical analysis is important when you jump in to trading because from this analysis we can decide when best time to buy and sell. 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.

cryptoimal86

full member

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As my experience, we cant get 100% accurate result from only from TA. In crypto trading, market depend on several factors including TAs. For a example, if one coin says 25% uptrend from TA, what will happen if btc drop 25%.

TravelMug

hero member

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Quote from: Hemady17 on February 15, 2018, 08:32:33 PM

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?

I'm quite good at trading in stock market because of technical analysis but here in cryptocurrency relying solely on technical analysis is not enough. You need to supplement your analysis using fundamentals and current events. It is easily manipulated by news and government agency trying to inject regulations. On the other hand you can use this weakness in to your advantage.

It is because the market is based on pure speculation that's why TA would never really work. I also on stocks before, but I was totally shocked as how crypto market's volatility. The price can literally changed in a blink of an eye. I personally witnessed it when my investment suddenly drop $500 in an instant.

Plus their is FUD who's seems to continue whether the price goes up or down. And I now understand that volatility and fake news in part of this market.

Hemady17

member

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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?

I'm quite good at trading in stock market because of technical analysis but here in cryptocurrency relying solely on technical analysis is not enough. You need to supplement your analysis using fundamentals and current events. It is easily manipulated by news and government agency trying to inject regulations. On the other hand you can use this weakness in to your advantage.

triciaa478

member

Activity: 350

Merit: 10

Technical analysis is one of the most important factor in determine your entering and existing point when trading. But you must ensure you have fundamental analysis backing you.

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