Yes, of course; technical analysis use by the experts in order to have a guideline in all decisions that they will make, whether operational, managerial or financial aspects.
Through this activity we can be able to avoid the losses or unfavorable results that may occur once the problem arises.
Topic: Is technical analysis vital? - page 3. (Read 2560 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?
It is up to you, want to invest into the type of investment which one because what determines's the time frame, if you use a certain period of time, for example weeks, days or even minutes, then it will be referred to as technical analysis. But if you often see data for several years (relatively long-term), then the thing will be called the term fundamental analysis.
at this time in my opinion fundamental techniques are more instrumental than analytical techniques. most of the price is influenced by news, especially Bitcoin. actually technical and fundamental analysis are just as important. but the usefulness is the analysis technique is on the second level. when news is published. then the technical analysis does not work. but when there is no news, it is very important to determine price movements. and what is perfect is to combine technical and fundamental analysis.
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 technical analysis will be needed only in case of purchase, if you take the average or long term, based on the fundamental. And so, you're not going to sit for days at the monitor and follow the quote to sell at a good time.
Technical is essential most of the time because it helps make the right decision, and this, in turn, will reduce the possibility of having loses as volatility is unpredictable sometimes in this space.
Technical analysis is vital for me. With TA I can easily discover the entry and exit points for a coin movement.
I don't think that this thing has a lot to do with crypto, many try to rely on it but I don't think that it can compensate experience or a good portion of luck 
I include myself in the lot, but those who share Technical Analysis on this forum, or some on Youtube, are usually not really experts. The real experts with valuable experience have patterns that work almost all the time, and they have no reason to share their skills publicly.
Vital isn't the right word. The right expression should be "very vital". For me, technical analysis is the periscope I use in gauging the movement and direction of any trading pair and I think every trader should use it before entering the market. I value it over Fundamentals.
Actually when people tend to say Technical Analysis is bullshit and does not work, then I tend to ask myself, how they tend to trade the market without it at the end of the day. I believe the problem right from the onset is that a lot of people have this idea that technical analysis should always give perfect direction to a market without any hiccups at all, but for heaven sake, it is a market and we are only meant to be guided with technical analysis, so I certainly agree with you saying it is very vital.
do can minimize the risk you will get! rather than just trading without any strategies and calculations
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?
Even if you are going for a project with fundamental analysis, the technical analysis matters the same there too.Each project is been judged on various phenomenons includig fundamental and technical analysis.
If you want a really profitable project to invest into than always go for deep research and always tend to learn each major update from them.
It really helps a differentiate scam projects from real projects.
Vital isn't the right word. The right expression should be "very vital". For me, technical analysis is the periscope I use in gauging the movement and direction of any trading pair and I think every trader should use it before entering the market. I value it over Fundamentals.
Actually when people tend to say Technical Analysis is bullshit and does not work, then I tend to ask myself, how they tend to trade the market without it at the end of the day. I believe the problem right from the onset is that a lot of people have this idea that technical analysis should always give perfect direction to a market without any hiccups at all, but for heaven sake, it is a market and we are only meant to be guided with technical analysis, so I certainly agree with you saying it is very vital.
do can minimize the risk you will get! rather than just trading without any strategies and calculations
I think so. Traders or Investors would not post a lot about it if it does not contribute any factor on the market. But I'm not into that because there's a great manipulation involved in here and the first we need to consider TA is to check first if there are more investors coming in or out.
Yeah technical analysis is very important if you can do to know the upcoming situation of the market. You can take right decisions on the right time if you are capable to analyze the market on technical basis. Technical analyst can predict the nearly price of bitcoin or Altcoin. Without technical analysis you cannot predict the right future situation of the market. Vital isn't the right word. The right expression should be "very vital". For me, technical analysis is the periscope I use in gauging the movement and direction of any trading pair and I think every trader should use it before entering the market. I value it over Fundamentals.
Actually when people tend to say Technical Analysis is bullshit and does not work, then I tend to ask myself, how they tend to trade the market without it at the end of the day. I agree that fundamentals are crucial too, for instance the ETF decision is one big fundamental to monitor, but until the end of the year I cannot any other fundamental, apart from some major decisions from influent governments.
As for Technical Analysis, I found it even easier to use for Bitcoin than for the stock market, potential of winnings much bigger even if I am aware it won't last forever.
I think technical analysis and fundamental analysis are very important.Both are indispensable.Only in this way can you make a profit.
Its crucial because most of the successful traders are doing technical analysis perfectly,and most of the big losers arent using analysis neither both technical and fundamental analysis which is why these stubborn people wont have any improvements with their cryptocurrency career.I myself has learned a lot from the past few months here in bitcointalk,and i can win trades with just looking at the charts.
cryptocurrency is good because it is in its infancy, when technical analysis works
I traded with alot of charts in my early days of Crypto Trading which I learned as a Forex trader. It didn't really work very well for me unless i make the chat very simple or I use the basic ones.
The simple ones work great. The complex ones just complicate things and don't usually work.
The simple ones work great. The complex ones just complicate things and don't usually work.
If you invest in a project for a long time on the basis of fundamental analysis, you will need technical analysis periodically. I mean, sometimes you will need to conduct technical analysis to monitor the overall state of your finances. Personally, I do this and I recommend doing it to you. This can help you at some good time to sell your coins at a very favorable price and buy from scratch at a low.
As an example, we can consider December 2017. Those who had coins in long term storage had a stunning opportunity to earn a lot of money. As we see now all these people could buy the sold coins later at very low prices.
Of course, none of the analyzes could calculate the likelihood that there are such prices now, but the fact remains, in December 2017, all holders of coins could make excellent money. And I think that this is the meaning of long term trade.
Also, technical analysis will help you calculate the point of purchase correctly. Because at the moment when you want to buy a coin, there may not be a very favorable situation for its purchase, the price can be greatly overstated. And technical analysis will tell you this and you will be able to calculate a successful point of purchase for you.
As an example, we can consider December 2017. Those who had coins in long term storage had a stunning opportunity to earn a lot of money. As we see now all these people could buy the sold coins later at very low prices.
Of course, none of the analyzes could calculate the likelihood that there are such prices now, but the fact remains, in December 2017, all holders of coins could make excellent money. And I think that this is the meaning of long term trade.
Also, technical analysis will help you calculate the point of purchase correctly. Because at the moment when you want to buy a coin, there may not be a very favorable situation for its purchase, the price can be greatly overstated. And technical analysis will tell you this and you will be able to calculate a successful point of purchase for you.
I have a friend of mine who uses only technical analysis for trading. Also, he uses a stop limit orders during a trading on exchanges. He often brings up his approach regarding long and short positions during discussions and considers the approach as successful.
Technical analysis is vital in the world of trading as we all know that in trading there is no perfect way to find our the real value for the market so we need guidelines and tools that we will help us to have a decision.
I have a friend of mine who uses only technical analysis for trading. Also, he uses a stop limit orders during a trading on exchanges. He often brings up his approach regarding long and short positions during discussions and considers the approach as successful.
Jump to: