Topic: Is technical analysis useful? - page 34. (Read 2535 times)
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.
it is very useful in my opinion because it gives you an insight about the decision making. Sometimes it can mislead you but at least you are not depended on luck but on analysis and even if you lose you wouldn`t care too much after you have done your analysis in a correct way .
TA is very usefull indeed if its a natural growth or data and not manipulated. But for a manipulated one its hard to derive an assumption.TA is only a guide and an aid in making decission whether to buy or to sell your holdings.For a trader,you must invest time to learn this things,very useful.
Ofcourse, why not? A lot of traders analyze the market in this way. If it is combined with fundamentalamnal analysis, it turns out to be quite a working tool.
yes, 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. You had to buy and sell at his exact prices and be cautious. Also, there are 'no losses'. They say if it tanks and doesn't get at the sell price to make the gains you just have to hold
As many traders say only resistance and support levels work
it is very useful in my opinion because it gives you an insight about the decision making. Sometimes it can mislead you but at least you are not depended on luck but on analysis and even if you lose you wouldn`t care too much after you have done your analysis in a correct way .
it is useful to know most probable one in most of situation possibilities.
so this means analytic is not define the exact future..
so this means analytic is not define the exact future..
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.
I don't think these data will work every time in the crypto world. Because what I know is any small bad news can easily change complete market condition in a crypto market. But when markets are in good mood then surely based on these data we can make some quick bucks. Along with all these data we also need to watch the market news carefully otherwise we can easily go wrong.
We cannot always be 100% green, there must always be some little percentage for losses and no reason to gamble it, but better to take that small loss. Usually a big profit to small loss ratio anyway.
Well, there is no legit proof Technical analysis will greatly enhance our trade. But I'm sure most people believe in it, and use the technical analysis at the same time. So, indirectly when everyone trading based on the technical analysis, the chart will and should be valid.
The 'proof' is that technical analysis works, and doesn't work. It works when the market is relaxed enough to function as plaything for whales, and doesn't work when suddenly greed/emotions/fear/panic kick in, which is even for whales something they can't control. The main thing with technical analysis is that if enough people think more or less the same, it will work, but only until greed/emotions/fear/panic start knocking on the door. Current market allows technical analysis to be functional and somewhat accurate, but for long.
Do you believe in the reliability of information obtained by technical analysis on crypto-currency market?
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. Do you believe in the reliability of information obtained by technical analysis on crypto-currency market?
Yes ofcourse, technical analysis is a big factor that helps a trader and it is widely use for traders and in stocks market most efficiently. It helps forming an idea where are the points to keep on track to have a good entry either to buy or sell. 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.
I have been using TA for a while now but one thing I have always learned to make use of is my stop loss. Normally, in any market, you cannot always get it 100% right all the time, even with TA and fundamentals, so you have to give room for all of that, but at least, you should be making more of profits than losses with them intact and as long as you also have your stop loss intact once in a while. Do you believe in the reliability of information obtained by technical analysis on crypto-currency market?
I have already seen many times that the technical analysis does not work on the crypt, and I work the news very well! Perhaps because the market is young and developing constantly, little history and strongly influenced by various information outliers! 
Do you believe in the reliability of information obtained by technical analysis on crypto-currency market?
Definitely, if you do it right it helps you to identify breakouts and possible moves.
For me TA really helps to find bottoms, which in the end is my best possible entry point.
Well, there is no legit proof Technical analysis will greatly enhance our trade. But I'm sure most people believe in it, and use the technical analysis at the same time. So, indirectly when everyone trading based on the technical analysis, the chart will and should be valid.
For really great tips in trading & reading charts join the Crypto Academy on Discord. The knowledge center is a pretty good read. Here is the link. https://discord.gg/dVTp2kN
Yes, technical analysis are very useful in decision making because it will take you to determine whether to go for it or just take another time in giving the best deal to have a better profit ahead, where the bitcoin has continually gain it's value in the market.
Do you believe in the reliability of information obtained by technical analysis on crypto-currency market?
Definitely, if you do it right it helps you to identify breakouts and possible moves.
For me TA really helps to find bottoms, which in the end is my best possible entry point.
For really great tips in trading & reading charts join the Crypto Academy on Discord. The knowledge center is a pretty good read. Here is the link. https://discord.gg/dVTp2kN
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 )
In another hand, the hypervolatility of such market can extremely decrease the rightness of some taken decision ( based on technical analysis )
Technical analysis is useful in the sense that it gives you guidance on the latest activities that took place during a period of time. It can provide also a head start on the possible movement of the pricing which can really be helpful. However, technical analysis is not always accurate and at the end of the day, up and down of prices is still unpredictable due to some unforeseen factors.
Exactly, that's why relaying just on technical analysis isn't a good option. Except history you need to be aware of present ongoings, and planed future ones. Sometimes they can be positive or negative and that should affect trading decisions more then technical analysis of the past price movements.
Unforseen factors are the most dangerous one, that are factors that are new and public doesn't know about them yet, you become aware of it only after you invested and that could be already late. Some aren't new but they are well hidden by the ones who wish to scam people.
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