Topic: Is technical analysis vital? - page 2. (Read 2560 times)
Well you can use TA for a short trade & long trader. Every crypto trader can always used TA for their strategy. With some percentage succes around 70-80% from the TA Analysis.
I used to think technical analysis was a joke, until the bear market came. When the market was booming everyone could just use FA make some gains 
, even a newbie could just do an FA and make some $$$$$$
I just got to understand that technical analysis gives more insight to get your trade entry and exit point. TA shows historical trend of an asset be it stocks, commodites, crypto, etc.
If one was TA analyst, you would know ETH was really oversold at $1500
If I knew to read charts I would have saved myself losses. TA is very very vital
, even a newbie could just do an FA and make some $$$$$$I just got to understand that technical analysis gives more insight to get your trade entry and exit point. TA shows historical trend of an asset be it stocks, commodites, crypto, etc.
If one was TA analyst, you would know ETH was really oversold at $1500
If I knew to read charts I would have saved myself losses. TA is very very vital
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?
For me, technical analysis is not really important in the crypto market. We just need a lot of money and look for tools to announce whale pump signals. It will help us a lot. The crypto market is always volatile, we should take advantage of that as an advantage.
Technical analysts will form patterns that affect trade execution, especially selling orders. The indicators involved can also form a line pattern which will eventually be appropriate and even welcomed by the same analysis from many other traders. This compatibility will have an impact on price development and does not always impact hype.
In general, the role of technical analysis is very important. But you should also understand that the cryptocurrency market is very susceptible to the influence of various events and statements, even those that are not true.
I know that the price movement is always cyclical, so for long-term investments it is necessary to conduct a historical analysis. Fundamental analysis is also very important. I'm sure that with the correct use of all these types of analysis, including technical, you will achieve the best result. Separately, technical analysis, alas, will not be enough.
I know that the price movement is always cyclical, so for long-term investments it is necessary to conduct a historical analysis. Fundamental analysis is also very important. I'm sure that with the correct use of all these types of analysis, including technical, you will achieve the best result. Separately, technical analysis, alas, will not be enough.
Technical analysis is a great tool for trading. Cause we can analysis price movement of crypto market and we can decide to take entry and exit though it. So it's very helpful for all crypto traders.
I thin, both fundamental and technical analysis is useful for any market, and crypto-currencies are no exception. But I do more technical analysis, because current prices change absolutely exactly from level to level, which can be determined with the help of technical analysis.
Technical analysis is vital for me. With TA I can easily discover the entry and exit points for a coin movement.
without TA then you will only rely on luck, and your instincts and that are not too important factors for determining win in trade, TA is needed so that you can get views and predictions about what will happen on the market..
I would like to say that technical analysis is vital thing to do before you do trading, but its not must, its depend on how much you need it, sometime you or i need to put all instrument and just do buy or sell.
I dont know with professional trader do, most of them said technical analysis is most important think to do before do trading, IMHO, ill put all make me down if i wanna do some big thing in trading.
I dont know with professional trader do, most of them said technical analysis is most important think to do before do trading, IMHO, ill put all make me down if i wanna do some big thing in trading.
without volumes we cant do technical analysis in crypto most of the coins are new with less volumes technical analysis cant be done so depending on financial is good
Technical analysis had only worked when it is following similar trends and the market is positive or moving side ways but now some other factors are considered for long term and short term decision. Most of the analyst had been on the run when the market gets unpredictable and those still making videos and analysis have made so many wrong predictions
For me, technical analysis is always very important for any investment, long-term or short-term.
Others think that they can trade without using technical analysis. When I started with trading I thought as well that all I need is to buy low and sell high. Its a necessity! A simple look at the price history will help you decide if its a good time to buy or not. A simple look at the volume will also help you decide if its a good coin to buy or not. What more if you know how to read those charts and use tools like MACD, Bollinger Band, RSI and Parabolic SAR.
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?
They say hybrid and also you can use the technical part in perfect point of buying and selling. I say it can be really but don't use technical first then funda as you woon't be objective enough to use the chart and numbers as your bias.
Technical analysis is vital if you want to be a successful trader. Technical analysis help you to ascertain if the trade is going to be favourable or not. Although its not always correct but the knowledge of it cannot be overemphasize.
IMO, TA is quite difficult to being implement on cryptocurrency because the chart is extremly volatile or uncertain so it's difficult for example to set resistance and support in some time.
Let's compare with the blue chip stock exchange where the chart quite stable so they can make TA more reasoanble for analysis purpose !
Proceeding with technical analysis in either long term or short is very helpful. Combining it with other variables will have a positive impact on your traders. I suggest you make it a point to use TA when trading regardless of the time frame.
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?
nope for longterm you should be following fundamentals because it is what which determines the growth , with technicals you can predict movement for short time only if fundamentals are good technicals will be also good
Technical analysis is vital if you want to be a successful trader. Technical analysis help you to ascertain if the trade is going to be favourable or not. Although its not always correct but the knowledge of it cannot be overemphasize.
This technical analysis can be very vital when the movement of cryptocurrency prices is only moved by a robot that has a reference to such analytical techniques, but the current price conditions at the exchange place the price of cryptocurrency is very difficult to predict using only such analysis techniques.
When participating in this market, each person has different circumstances, capital, risk -> No one like anyone. Each person must self-aware of the risks, opportunities of his own. Something may be right with this person but wrong with others.Therefore, technical analysis is an important part of the Cryptocurrency field, equip yourself with the knowledge to succeed in this field.
Jump to: