Topic: Is technical analysis vital? - page 10. (Read 2560 times)
in investing for the long term, you need to need good analysis, but you can also buy good coins for purchasing coins.
I learned trading in different asset, like forex, stock, indices and crypto. And i found technical analysis is work better in forex, stock and indices trading, and not really work in crypto trading. So we have to learn more about fundamental analysis before put money in to crypto asset.
I think in all trades it will need a technical analysis, even though Crypto has a higher level of fluctuations so luck is also needed, but technical analysis is also needed to see what will happen to the market, so that it gives an idea of what you have to do
Yes it matter. Technical analysis gives you an edge in trading. Trading in long term and in short term is applicable in technical analysis because it has already been proven by the Japanese in the past years. Also, there is nothing wrong in learning more because it is not a waste of time. Try to search about the applications of long term investing in technical analysis, I am sure there are many.
I learned trading in different asset, like forex, stock, indices and crypto. And i found technical analysis is work better in forex, stock and indices trading, and not really work in crypto trading. So we have to learn more about fundamental analysis before put money in to crypto asset.
Very vital, important. It obviously doesn't guarantee you profit but it leads, points to the path of profit, technical analysis proffers insight to a case study. It tells you what to avoid, allow or throw in for. It helps your prediction. Without it you will be doomed for constant failing. so either long or short term, such analysis should not be avoided.
Technical analysis is very important in trading business. It makes predictions and identifies trading opportunities by analyzing statistics gathered from trading activity such as price movement and volume. With technical analysis, one will be able to realize when is the right time to buy and sell cryptos.
Technical analysis will not secure your profit but it will definitely give you an insight to the trend and the direction of where the market is heading. Technical analysis is a tool needed to use in trading and investing profitably.
Yeah technical analysis is not any guarantee that you will definitely profit from any kinda project whether long or short term, even it day trading thing can go opposite to your analysis results. The reason is that there are a lot of pressures in the cryptocurrency market, like you can't do anything if everything is going well accordingly to your analysis prediction and then all of a sudden the drops. We saw such a drop approximately two months ago with the BTC price. Where almost all the technical analysts were shocked when the price dropped because according to the analysis the resistance was going to be a support for the price rise, unfortunately thing went totally against these analysis.
Technical analysis is very important if you are a trader during the day. Day trading will be profitable but it requires more knowledge.
I usually follow and take note of the technical but I do not rely on them when I trade. Crypto is a emotional roller coaster. When the fear and greed kick in people are going to make irrational decisions which cannot be detected by a chart.
Hi I was wondering what the general consensus was on the use of technical analysis in making long term investments. I know short term day traders get allot of use out of it but if I'm investing in a project based on fundamentals does the technical analysis matter?
I think traders always use both techniques of analysis, whether technical or fundamental. This also depends on the conditions as well. Because sometimes there are also situations where it is difficult to use technical analysis, but it is easy to use fundamental analysis and vice versa. Long-term traders usually use technical analysis and short-term use of fundamentals.
I wouldn't use technical analysis in long-term, I would prefer using fundamental analysis
in long-term. Technical analysis is great used in day trading.
in long-term. Technical analysis is great used in day trading.
Yes, technical analysis is very important and requires people with extensive knowledge of chart analysis. I do not encourage a newbie to use technical analysis for trading. Because they have very little experience in this field
Technical analysis is very important. But I think that during this time technical analysis cannot help us make money. I am a technical analyst. I have analyzed that Bitcoin's price will increase to $ 9500 in September but now it's down to $ 7500
I don't put any value to technical analysis. With this you can really prove anything.
But like always, some are fan and others (like me) dislike it.
Depends on what you use it for. If you are going to start daily trading than you may want to learn about the technical analysis, however know that even than the market can suddenly change and you may stay holding yourself and looking at the charts like what the hell happened.But like always, some are fan and others (like me) dislike it.
Moreover, most of the time if you are going to trade something inside an hour than you need to check the charts and look at the indicators to decide whats going to happen. However if you are going to invest a bit longer term than daily than you do not need charts, people may think they do need it on any other investment however in crypto world there is nothing that can be read on any chart that can give you the direction in couple days, it just swings so differently and so it can change anytime.
Technical analysis can be read for general development and development of the brain, but TA is not applicable when trading with crypto-currencies.
You know that fundamental news has least influence on the course of the crypto currency. Technical analysis is the main way that I trade on the crypto currency market. Just you need to choose the Daily Timeframe and analyze it.
Of course technical analysis is very important tool for experienced trader, but in my opinion it can provide maximum profit if it is used in complex with fundamental analysis.
Technical analysis is very vital and important in trading as with proper understanding, you will use technical analysis to trade profitably. Technical analysis is very important in trading. That is what professionals use to do their trades.
this is a stupid question if you are investing by a mere fundamental analysis your just gambling. technical analysis is made to know the probability of profit your trading it. if the technical analysis sign shows that you should not buy, then don't buy even the fundamentals are good.
Technical analysis will not secure your profit but it will definitely give you an insight to the trend and the direction of where the market is heading. Technical analysis is a tool needed to use in trading and investing profitably.
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