questions about technical analysis | Bitcointalksearch.org

nydiacaskey01

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Quote from: happy man on September 01, 2019, 06:28:21 AM

1) I have seen some course about technical analysis, they explain those charts where it would have worked before, saying support brake resistance 'sell'
resistance brake support 'buy' and those chart patterns

2) when we must not use Technical analysis

in simple, my question is , does technical analysis work every time and can we predict every move using technical analysis or times when we should not predict price using technical analysis

It does not work all the time because if it does theres a lot of millionaire by now because they are good in technical analysis. Just go to twitter and you will see a lot users there who post their technical analysis, but of their forecast did not happen.

Google+

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some of the usual analytical techniques can be precise but sometimes they can also be missed, meaning that using analytical techniques only helps a little to be able to provide information about price movements that will occur and at a glance can find the right position to buy coins and sell coins but you should know that analysis techniques are not always accurate.

crzy

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Quote from: happy man on September 01, 2019, 06:28:21 AM

1) I have seen some course about technical analysis, they explain those charts where it would have worked before, saying support brake resistance 'sell'
resistance brake support 'buy' and those chart patterns

2) when we must not use Technical analysis

in simple, my question is , does technical analysis work every time and can we predict every move using technical analysis or times when we should not predict price using technical analysis

This is not a question but its more on convincing people not to use TA on their tradings. Don’t expect the market to go always in favor to your study so this mean that TA is not 100% accurate but it doesn’t mean that you will just trade without it. TA works and its a must to learn about it before trading.

AlaBy

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Depends on the analysis from which sources. I sometimes read in Neironix, a good representation of the market. https://neironix.io/news/bitcoin_correction_technical_analysis

Bitcoin Seller

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Quote from: Genemind on October 27, 2019, 08:29:33 AM

I personally don't use technical analysis. We all know that the market's volatility is unpredictable so we can't rely all our trading decisions in it. There's no guarantee that the technical analysis could provide an accurate price. It could serve as a guide but it isn't reliable most of the time. It's better if we'll know how to deal with the market and apply the basic trading strategy that we know.

TA is needed, even for beginners. It makes your brain working all the time, and you concentrate on crypto, becoming more serious about it. Yes, I understand that it might not work through the highest crypto volatility, but if the question on to use it or not to use appears, I vote for technical analysis. Besides, cryptocurrency traders but have a wide outlook and know a lot, and with TA, it is additional knowledge.

EdenHazard

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Quote from: harizen on September 03, 2019, 04:37:41 PM

Quote from: happy man on September 01, 2019, 06:28:21 AM

in simple, my question is , does technical analysis work every time and can we predict every move using technical analysis or times when we should not predict price using technical analysis

Obviously, technical analysis will be one of your reference in making your future strategy. Just keep in mind that it won't guarantee you to work every time so don't rely mainly on it.

And yes, you can predict "some possibilities" by using technical analysis. However, here in crypto, no doubts that technical analysis does not always work most of the times due to the fact that crypto is heavily volatile. Even on a strong bullish run, you can always expect that something will spoil the momentum along the way even how properly backed-up a certain analysis is.

So what to do now? While looking for some technical analysis, also consider other factors such as current events, news, monitoring daily volume and even your "own instinct".

Couldn't agree more with you, there's no way technical analysis guarantee you to get a correct prediction all the time especially in an open market such cryptocurrency market where things could turned around 180° despite there a lot of factor supported based on the technical analysis to move onto certain directions yet there's a lot more to consider include how the media often affected traders to bring FOMO or FUD which it could changed everything and messed up your technical analysis.

So yeah it's just one of many way to predict the market movement that you should not always rely on but you might would use it often in the trading business besides fundamentals factors .. psychology factors etc

Shasha80

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In the world of cryptocurrency anything can happen, therefore when we want to start trading we usually do technical analysis to get
an idea of the coins we will invest in and also the current market conditions. But what makes traders fail in making decisions because
they too believe in the results of technical analysis, which which is actually 100% inaccurate results. The conclusion is do not take
decisions in trading just rely only technical analysis, but must be accompanied by other analyzes such as fundamental analysis. And
also study market conditions as well as the latest news about cryptocurrency which might affect the price of coins in the market.

zeze18

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Quote from: syaripudin on October 27, 2019, 07:33:43 AM

most people believe that technical analysis can minimize losses in trading, but it cannot be believed that it always gives a profit of up to 100%. people who are used to trading, of course they are able to apply technical analysis in order to make a profit

Technical analysis mostly work on alts with daytrading for taking profits like 1%-3%. But it's also not 100%, we have to manage our loss and making our profits is more than our loss. And you're right the technical analysis can minimize our loss because we sometimes know when the coins is impossible to rise up so we have to cut loss

rodel caling

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Quote from: Ucy on September 01, 2019, 07:14:42 AM

Technical analysis doesn't always work. So don't expect it to be correct all the time. And you have to use simple technical charts. They work fairly well for me than complicated charts.

However be mindful of predicting future price direction with old charts. Does not work especially these days

That is truly correct mate technical analysis is not much accurate for the day to day trading, technical analysis is important for the traders but do not depending there we need also to considered the flow chart to avoid trap or loses, trading is not easy job focus nad strategy is very important skills.

gantez

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Quote from: Genemind on October 27, 2019, 08:29:33 AM

There's no guarantee that the technical analysis could provide an accurate price. It could serve as a guide but it isn't reliable most of the time. It's better if we'll know how to deal with the market and apply the basic trading strategy that we know.

Being successful in trading does not depend on one strategy. There is the news too which has to be taken into consideration. If a trader understands his technical analysis and the plus knowing how to handle the news when it comes, then I think the person will be successful.

Genemind

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I personally don't use technical analysis. We all know that the market's volatility is unpredictable so we can't rely all our trading decisions in it. There's no guarantee that the technical analysis could provide an accurate price. It could serve as a guide but it isn't reliable most of the time. It's better if we'll know how to deal with the market and apply the basic trading strategy that we know.

syaripudin

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most people believe that technical analysis can minimize losses in trading, but it cannot be believed that it always gives a profit of up to 100%. people who are used to trading, of course they are able to apply technical analysis in order to make a profit

MonsterV

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For myself, I use technical analysis all time, even though it's not entirely accurate and precise, but at least I don't trade carelessly. When a news comes, maybe for some people believe that technical analysis is not useful but it is not true, technical analysis helps confirm and estimate how much impact news that comes.

Quote from: South Park on September 05, 2019, 03:24:20 PM

Technical analysis does not work all the time, in fact you could show a chart to two different people and one of them will be bullish and the other will be bearish, the reason for this contradiction is that different traders will use different indicators and you can get contradictory signals and it is up to the trader to interpret those signals, now when you should not use technical analysis? And the answers is when the volume of the asset that you are trying to trade is too low, the reason behind this is that with a low volume a person holding a few coins could crash the market and it will be impossible to predict this based on what you see on the charts.

It functions, dude. You describe 2 traders who have different technical analyzes, one of which is true analysis, means analysis is still functioning right? It's just because differences in abilities two traders that there is a wrong analysis, because every trader can not claim to have equivalent ability of other traders.

South Park

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Quote from: happy man on September 01, 2019, 06:28:21 AM

1) I have seen some course about technical analysis, they explain those charts where it would have worked before, saying support brake resistance 'sell'
resistance brake support 'buy' and those chart patterns

2) when we must not use Technical analysis

in simple, my question is , does technical analysis work every time and can we predict every move using technical analysis or times when we should not predict price using technical analysis

Technical analysis does not work all the time, in fact you could show a chart to two different people and one of them will be bullish and the other will be bearish, the reason for this contradiction is that different traders will use different indicators and you can get contradictory signals and it is up to the trader to interpret those signals, now when you should not use technical analysis? And the answers is when the volume of the asset that you are trying to trade is too low, the reason behind this is that with a low volume a person holding a few coins could crash the market and it will be impossible to predict this based on what you see on the charts.

Questat

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Quote from: maxreish on September 04, 2019, 03:07:43 AM

The answer is no. Technical analysis seems to works but not all the time. There is some inconsistency, some sudden sideways that some technical analysis can not predict. Especially when whales are going to enter the crypto market, even the strongest indicators will become useless. However, it may somehow help us for basis to our trading.

Cause considering that fact that the market trend changes all the time, TA's may not be applicable also.
Do you think your analysis same with mine? I don't think so.
We all have differences and so our understanding may also differ from each other.

Quote from: maxreish on September 04, 2019, 03:07:43 AM

If there is a course that offers that great tutorial, you can still grab it as it may still be useful in trading.

It really a big help but not a 100% guarantee that it will help perfectly. It is still depending on our own understanding and how we appreciate the market.

barbara44

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Technical analysis is a strategy, and when it comes to strategy, we have lots of strategies in the market that we can use to determine our trade, but technical analyses is just still the best if you really know how to read charts, although there are some cases where technical analyses cannot function, and you have to make use of fundamental analysis for it.

to me, I believe that technical analysis is most functional for a short term trade and it would be difficult to determine the price of a cryptocurrency with it, except you mixed it with fundamental analysis, that is why many great analyst would always advise that when using analysis to determine your trade, you have to ensure you Didn’t leave the two out before you conclude on that trade that you wish to execute.

maxreish

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The answer is no. Technical analysis seems to works but not all the time. There is some inconsistency, some sudden sideways that some technical analysis can not predict. Especially when whales are going to enter the crypto market, even the strongest indicators will become useless. However, it may somehow help us for basis to our trading. If there is a course that offers that great tutorial, you can still grab it as it may still be useful in trading.

arpon11

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Quote from: happy man on September 01, 2019, 06:28:21 AM

1) I have seen some course about technical analysis, they explain those charts where it would have worked before, saying support brake resistance 'sell'
resistance brake support 'buy' and those chart patterns

2) when we must not use Technical analysis

in simple, my question is , does technical analysis work every time and can we predict every move using technical analysis or times when we should not predict price using technical analysis

Since price movement is completely depends on demand and supply and this demand and supply is not controlled by want the way we have in economic but it is controlled by manipulation and greed then you cannot have a perfect technical system but you must combine both technical, fundamentals, sentimental and risk in other to invest in this market. The last week events should be an eye opener for all of us . We have bitcoin break below strong support level and internet were full with the story that bitcoin is heading down but that did not happen rather bitcoin reclaimed it positions over $10,000 the day before yesterday and it is still going up.

Yamifoud

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Quote from: happy man on September 01, 2019, 06:28:21 AM

in simple, my question is , does technical analysis work every time and can we predict every move using technical analysis or times when we should not predict price using technical analysis

Definitely not.
Even though you have that TA's and even you that much with the market, isn't a guaranteed at 100% accurate and most specifically we don't know what will happen next. Doing Technical analysis is just also a sort of speculation, the only difference from common analysis is it have some basis, news, history, current and upcoming events. With that, not all of us can do good TA's unless...you are so good in analyzing the market situation.

AmoreJaz

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Quote from: harizen on September 03, 2019, 04:37:41 PM

Quote from: happy man on September 01, 2019, 06:28:21 AM

in simple, my question is , does technical analysis work every time and can we predict every move using technical analysis or times when we should not predict price using technical analysis

Obviously, technical analysis will be one of your reference in making your future strategy. Just keep in mind that it won't guarantee you to work every time so don't rely mainly on it.

And yes, you can predict "some possibilities" by using technical analysis. However, here in crypto, no doubts that technical analysis does not always work most of the times due to the fact that crypto is heavily volatile. Even on a strong bullish run, you can always expect that something will spoil the momentum along the way even how properly backed-up a certain analysis is.

So what to do now? While looking for some technical analysis, also consider other factors such as current events, news, monitoring daily volume and even your "own instinct".

being knowledgeable with TA is the basic foundation that you can have in trading. however, this doesnt work mostly in crypto especially the newly created ones. check for the background of the coin, the activities surrounding it, the hype they are creating and many other things that you can only assess by following them.
without prior knowledge before trading them in exchanges would be a suicidal move as you might be trapped in a pump and dump scheme coin or the soon-to-be-dying coin and be left a bag holder of worthless coins!

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