Is technical analysis vital? - page 9.

ss890

sr. member

Activity: 644

Merit: 263

Quote from: dunfida on August 07, 2018, 10:01:41 AM

Quote from: Semar Mesem on August 07, 2018, 09:17:25 AM

Technical analysis is certainly a vital thing, I don't dare to trade if I don't master good technical analysis, with technical analysis, I am confident when trading and certainly optimistic to get profit.

Having technical analysis knowledge would really be a helpful thing even though it wont really give guaranteed accuracy but would really be worth for you to have these things because you can have your own analysis or basis on each order or trade you would made rather than on just relying on your intuition or luck alone on doing it. I would say this would really be vital and I believe most traders do still need to look up on charts on when they would set-in.

I dont think that technical analysis can be great help as the way you are describing it here. Number one reason is, technical analysis not perfect analysis of whats going on in the market because it is more or less lacking the fundamentals of crypto market. By definition fundamentals would include stuff like different news, updates, project developments, team progress and much more. I think this is surely will tell more accurate data and that is why technical analysis can be second priority or at least that is what I think about it.

handsofgod

newbie

Activity: 116

Merit: 0

it depends on what you're looking at, from my perspective I think that market situations repeating anyword they're cyclical, so if you learn fundamentals and master your trading skills aka recognition of those situation with different triggers, so that will be huge affect on your profit, sounds logical right? Btw I prefer ICO investment and I'm constantly searching for good projects in this field, found interesting one - Kelvin Blockchain, have you heard about this one?

dunfida

legendary

Activity: 3122

Merit: 1140

Quote from: Semar Mesem on August 07, 2018, 09:17:25 AM

Technical analysis is certainly a vital thing, I don't dare to trade if I don't master good technical analysis, with technical analysis, I am confident when trading and certainly optimistic to get profit.

Having technical analysis knowledge would really be a helpful thing even though it wont really give guaranteed accuracy but would really be worth for you to have these things because you can have your own analysis or basis on each order or trade you would made rather than on just relying on your intuition or luck alone on doing it. I would say this would really be vital and I believe most traders do still need to look up on charts on when they would set-in.

Semar Mesem

full member

Activity: 1484

Merit: 101

Technical analysis is certainly a vital thing, I don't dare to trade if I don't master good technical analysis, with technical analysis, I am confident when trading and certainly optimistic to get profit.

insculpt

member

Activity: 133

Merit: 12

Loonie Network - For Bounty hunters & Freelancers

I think technical analysis works but only sometimes, you may use TA to enter a trade and all indicators will be looking great and then suddenly some news about a hacking is posted on some website and suddenly everyone panics and the price crashes. Most crypto investors are weak hands and relying on their behavior to make investment decisions is dangerous. (TA is a measure of past human behavior)

r1a2y3m4

full member

Activity: 504

Merit: 127

Match365> be a part of 150BTC inviting bonus

It's vital to tradings of course. It might lead you into a good trade thus, leads you to trades that might give you shit

. I became part of a signal group in which it lead me into shitness in life

. Sorry for the word but that's it lol.

coffigayo

member

Activity: 322

Merit: 12

In my opinion, technical analysis is important for good investments before buying coins. This is very helpful in long-term and short-term trade relevance in technical analysis because the facts have been proven.

gabbie2010

sr. member

Activity: 2590

Merit: 322

SOL.BIOKRIPT.COM

Quote from: Abigail.Parsons on March 02, 2018, 05:59:33 PM

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?

The major role of Technical analysis is to point out accurate signals when to buy or sell but fundamentals is the major mover of the market while TA is also crucial in taking the decisions of course using price actions with a few indicators as a support whether long term or short term trading is very important.

Cecilve

newbie

Activity: 53

Merit: 0

It's always recommended to look at the graphs and see what tendency do we have. If the price is far from all time high it might be a good moment to scoop some coin. Technical analysis won't give you a 100% prediction however.

jackylion

member

Activity: 308

Merit: 10

Buy, sell and store real cryptocurrencies

Any analysis is important, you mainly analyze them correctly, or follow the trend of coin growth will make you successful.

raider150shifter

jr. member

Activity: 126

Merit: 1

Don't rely 100% on your fundamental analysis,
reinforce it with technical analysis

henlity87

newbie

Activity: 72

Merit: 0

Quote from: mornabo on August 03, 2018, 10:59:27 PM

Quote from: manggis97 on August 03, 2018, 09:03:11 PM

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 I also think that technical analysis play important role trading, but for effective analysis it is important that you must have good experience in trading and must have already spent a lot of time in trading which can enable you to give a good and effect technical analysis about the market.

renz0

newbie

Activity: 140

Merit: 0

Of course yes. To become successful in a trading business technical analysis is very important. It makes you evaluate and understand the movement of prices in the market and observe the pattern to have an opportunity as when to buy and sell coins to be able to gain profits and avoid big losses in the long run.

SUDARMONO

full member

Activity: 504

Merit: 100

I think technical analysis is also still very necessary to do in trade or investment in the long run, because technical analysis can also help see prices in long-term trading.

farosa

full member

Activity: 506

Merit: 101

1 & 0 😏

Fundamental analysis is better in cryptocurrency. All you should do is analyze it at the time. ''If you are reading news from newspaper, you are now late''.
Technique analysis is also necessary tool in trading. But in crypto it can be much different than expected.

okocrypto

newbie

Activity: 112

Merit: 0

Technical analysis is more profound in forex and stock markets. Recent developments are showing that the cryptocurrency market is governed more by fundamentals and not technical. However, technical can still work sometimes.

nelson4lov

hero member

Activity: 2184

Merit: 798

Top Crypto Casino

Quote from: manggis97 on August 03, 2018, 09:03:11 PM

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.

That's quite true. Technical analysis works in all other markets but not so much in the crypto space. When it comes to crypto, It all boils down to fundamental analysis and the hype around a project. A positive or negative news can change the position and price of any cryptocurrency in just a matter of time. You'll dedicate a lot of time doing analysis only for a news update to make it go sideways.

m_f_o_c

newbie

Activity: 98

Merit: 0

Technical analysis is more productive in my opinion than fundamental analysis. I trade crypto currency using only technical analysis and it's quite enough for me.

Pikachu12

full member

Activity: 435

Merit: 100

Quote from: manggis97 on August 03, 2018, 09:03:11 PM

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 agree with you . Technical analysis is not compatible with Cryptocurrency because the market is heavily dependent on news and we can not be certain of any investment here. If you choose long-term investment, you just hope and no basis can prove its worth. I personally only invest in Bitcoin because I love Blockchain technology and its ecosystem

tonywangg

jr. member

Activity: 106

Merit: 1

I don't believe its vital but it is very important. Patterns do happen and they can be useful to know about and follow. It takes a ton of different techniques to pull off an effective trading system.

Topic: Is technical analysis vital? - page 9. (Read 2533 times)