Yes, technical analysis is vital, because there isn't any other way to analyze the market.
Some people say they're using fundamental analysis, that's impossible.
You can't use fundamental analysis on Crypto because it doesn't have a real world value. The whole point of fundamental analysis is to analyze the factors that are 'fundamental' to the value of a Crypto to discover what it's true value is. But Crypto doesn't have a true value, at least not yet, meaning fundamental analysis is useless.
The people who say they're using fundamental analysis either for trading or investing - because they same concept applies to long term holding too - are just making guesses, and non-informed ones at that. There's nothing they can analyze to determine what Bitcoin or any other coins value should be, because again.......Crypto has no true value.
Topic: Is technical analysis vital? - page 12. (Read 2533 times)
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?
Technical analysis aren't that important when it comes to long term investment decisions. You can go through charts and can analyze that in long term Bitcoin and other large cap coins with greater than 2 years of historical data, that they all are bullish. We are still in initial phase of cryptocurrencies, this means that if you invest now, in long term you are going to have profit on supply and demand rule. But do make sure to invest in bear phase. Don't invest out of FOMO at ATH. 
in my experience I use TA analysis to determine the target buy and sell targets and when to stop loss
the fundamental is to make sure our prices will rise or fall but we can not determine where we should buy and where we have to sell
so I think the fundamentals are the most vital influence of trading crypto because bad news and good news is very influential on the price even though the chart says another
the fundamental is to make sure our prices will rise or fall but we can not determine where we should buy and where we have to sell
so I think the fundamentals are the most vital influence of trading crypto because bad news and good news is very influential on the price even though the chart says another
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?
Technical analyze is just about data ( number ) from valid source, from there we can predict market direction, value and trend that might be happen in variation time period. Before start you should search from where you should collect data, if you get wrong data your analyze will give you nothing. Fundamental depend news ( information ) you can predict how market reaction and the impact after news happen. Technical/ fundamental analyze is good as long trader/ investor understand how it works and still give them income. Those analyze can use together and will complete each other. Matter or not depend how much profit do you get, I believe you know that.
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?
General notion of people is TA is vital for long term hold but based on my experience using technical analysis in long term investment is not that very significant. TA only matters in long term hold during entry and exit of investment. What really important in that strategy is the correct fundamental analysis. When you do it right it will give you edge on successful investment.
Of course, technical analysis gives you an understanding of how the market will behave, you will be able to find favorable entry and exit points! Many, for some reason, don't trust the technical analysis and they think that the cryptocurrency market is unpredictable. I don't think so.
TA = hardly useful at all here
just research find real dev teams with proven track record and software that has a usecase and nearing completion.
or take your chances and try and hop from ico to ico and play the greater fools odds you'll probably lose unless you're and insider since greater fools are tired of getting burned hard.
just research find real dev teams with proven track record and software that has a usecase and nearing completion.
or take your chances and try and hop from ico to ico and play the greater fools odds you'll probably lose unless you're and insider since greater fools are tired of getting burned hard.
Just think over that You`ve posted here and can confirm that You have very aptly said about the useless of TA in the custom way. Cryptocurrency market needs its own TA that will basicly consist of many factors and have to consider the market move overall as well as the detailed analyze of the propper currency that is chosen to invest in.
Also will be good idea to make once a blockchain ICO project that will store and provide on the paid basis the information about all the devs and other team members of all other blockchain startups that were held before!
Real technical analysis is necessary once in bitcoin investing. start we buy BTC and till we sell that BTC. we must analyze it all. if there is no technical analysis we will certainly fall apart in preparing the plan.
TA = hardly useful at all here
just research find real dev teams with proven track record and software that has a usecase and nearing completion.
or take your chances and try and hop from ico to ico and play the greater fools odds you'll probably lose unless you're and insider since greater fools are tired of getting burned hard.
just research find real dev teams with proven track record and software that has a usecase and nearing completion.
or take your chances and try and hop from ico to ico and play the greater fools odds you'll probably lose unless you're and insider since greater fools are tired of getting burned hard.
I generally began to think that there is no interconnection between technical analysis and the course of the Crypto-currency. Absolutely unpredictable
Hi I was wondering what the general consensus was on the use of technical analysis in making long term investments.
It maybe works in normal markets not crypto markets. Why? Because most traders in normal/common markets follow technical analysis, thats why it works 
, in crypto people dont care about technical analysis, thats why it doesnt work at all.Don't waste time for it.
Technical analysis is very needed to know when we should buy and when we should sell, even before you start invest in cryptocurrency is very recommended to know about technical analysis first, if you don't know about this may be you will loss your assets, like we know cryptocurrency is very fluctuate sometimes the price go down or go up, we never know when the price will be go up or go down, but by know the technical analysis we have an forecast about that's coin, though that's not 100% correct.
ta is useless because everyone uses hindsight-curve-fitting which is, well, useless. sure, you can make up some head shoulders knees and toes or some cup and handle kettle bullshit, but in truth the bitcoin market makes movements based on news (mt. gox, bitfinex, ln) and nothing more. ta only accounts for micro-short term movements and can never account for the big moves. so yes it is virtually useless unless you like gambling on 1m or 5m candles
Also another question is how long is the long term investment, assuming it will be years. If you are planning to do cost averaging yes it will be useful so that you will know when to buy, getting the cheapest price on that period is essential to maximize the profit. If you are planning to buy one time and hold it for a long time like ldah94 mentioned fundamental analysis really matters because technical analysis will just give you when will be the best time to buy.
Technical analysis gives you an idea of how a future currency can behave, but what really matters in long-term investments is fundamental analysis.
For trading, TA can give you an idea of the upcoming movements on the market as well as information that you can use in your trading strategies, so overall, TA isn't vital but it can be a very useful tool for traders. On the other hand, if you're just planning to invest in X cryptocurrency, especially long -term, you shouldn't bother reading technical analysis.
Wholly worthless and, to a long term buy and hodl investor, irrelevant.
I think the technical analysis is purely theoretical. If you apply the technology to the actual situation, it will have a great impact on the investment digital currency!
If the digital encryption currency has a strong technical support, the future of this coin will not be bad!
If the digital encryption currency has a strong technical support, the future of this coin will not be bad!
Using that technique for the long term is also necessary, but to invest long-term you are quite calm me, because you simply sell it every year when the price raises high, because we understand that bitcoin is a bubble and do not let it down again sell it when the price is at peak.
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?
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. Jump to: