I was confused earlier between sentiment and technical analysis that which is good for trading but I found both have their own importance when there is a strong sentiment about any coin whether it be a positive or negative technical analysis doesn’t work. Technical analysis works perfectly when there are no market manipulations, and also you must have seen when there is a positive sentiment, the coin goes up and in negative coin goes down. But the problem I faced while doing sentiment analysis is, it takes so much time and effort to continuously watch all the news on different social media to find out the sentiment so recently one of my friends introduced me to a tool named SmartBotCoin.io that gathers all the news of the market and do sentiment analysis about any coin to make the best trading decisions and before using any tool I really want to be assured if this tool is legit or not? Because when it comes to trading I am very cautious to use any tool. Do you think detecting sentiments on AI/ML tools and then trading on the basis of those sentiments works?
If you are still in doubt why don't you try searching for some other information about that trading tool? in that way you can have your own idea and knowledge about it. Well actually just like you I was also curious about using some tool to have a good trading and i'm lucky to find one, it was also suggested by my friend and I didn't regret anything because it helps me to track my investments and manage my trade very well. 
Topic: Sentiment analysis or Technical analysis, which one is best to make good trading - page 3. (Read 692 times)
August 20, 2019, 12:43:10 PM
August 20, 2019, 12:42:36 PM
It is definitely technical analysis. The tools such as automated bots, trading signals, and etc. are the backbone of any trader. Through these they are able to trade with guides. I personally recommend everyone to always use technical analysis because fundamental analysis in crypto is quite not effective though.
August 20, 2019, 12:40:18 PM
Tools are made to assist the user and make the task easy. If you find it difficult to choose between two approaches/tools, you can try to use both of them if there's nothing to lose in the end. Also, experience is still a gain. Personally, I prefer technical analysis for trading because it provides me more assurance and security in the trade.
August 20, 2019, 01:38:46 AM
If I prefer technical analysis over sentiment analysis Because, in my opinion technical analysis makes it easier for us, when determining the movement of a coin, so that it is convincing us to release or sell the coins we are trading right .
August 19, 2019, 06:05:02 PM
I've never heard about that analysis is called sentiment analysis but I've understand what it is all about. Most of the time, traders are talking about technical analysis. But with the rotation of news in the market, this truly affects the charts.
Study and search for yourself on where you are good at. There are traders that doesn't really read the charts but is able follow the market trends and that's how they base their reaction so it means that they are good at it.
While most traders are good with TA's.
Study and search for yourself on where you are good at. There are traders that doesn't really read the charts but is able follow the market trends and that's how they base their reaction so it means that they are good at it.
While most traders are good with TA's.
August 19, 2019, 02:38:05 PM
Sentiment analysis is not really a method I appreciate. psychology can always change and amateur traders always do this well.
I think we should still learn TA, it always gives more accurate signs.
You may be surprised, but TA books say that technical market indicators include a psychological component. In general, the human soul does not change so quickly that the market can change. Therefore, traders have been using TA for more than a hundred years.I think we should still learn TA, it always gives more accurate signs.
Fundamental analysis is more suitable for investors. This helps evaluate the long-term prospects for investment.
August 19, 2019, 12:49:27 PM
First, analyzing sentiment is the worst thing you can do as a trader. In fact, CNBC news accurately feature sentiment of the crypto trading community. They yell doom and panic sell, the sheep obliges them. A smart trader would use this event to buy, of course after doing TA.
Nice shill of SmartBotCoin by the way.
Nice shill of SmartBotCoin by the way.
August 19, 2019, 12:43:51 PM
I will go for Sentiment Analysis, It will extract and analyze subjective information from all over the web and will provide the best result for that certain data that is needed.
In trading we need the Sentiment Analysis because that one will help us to make a successful trade, Every news regarding bitcoin or any alt coin that you are trading have a very big impact on it's price, one news can generate an actual bull run within a seconds.
Both are needed but the Sentiment Analysis is greater than Technical.
In trading we need the Sentiment Analysis because that one will help us to make a successful trade, Every news regarding bitcoin or any alt coin that you are trading have a very big impact on it's price, one news can generate an actual bull run within a seconds.
Both are needed but the Sentiment Analysis is greater than Technical.
August 19, 2019, 12:42:03 PM
As it's practiced by most people on this site there really isn't much difference between sentiment and technical analysis. I'd say the vast majority of TA posted here is not technical nor is it anywhere near being actual analysis. There are exceptions of course but good luck separating them from the noise.
August 19, 2019, 12:39:40 PM
For crypto, I think both are necessary. this can help you to make a better analysis. it's hard to believe technically, when the crypto market is prone to manipulation. so i'm have to make a sentiment analysis to see the market situation. I always make a second analysis when there is news, and just think whether to buy or just watch.
Both are really necessary if works as the basis of your decision on market to make good trades. Sentiment analysis is quite helpful especially on know coins in the market as well as the technical side of it. You can make comparison after knowing the sentiments and technical side of the coin before engaging to the market. 
August 18, 2019, 01:04:14 AM
For crypto, I think both are necessary. this can help you to make a better analysis. it's hard to believe technically, when the crypto market is prone to manipulation. so i'm have to make a sentiment analysis to see the market situation. I always make a second analysis when there is news, and just think whether to buy or just watch.
August 17, 2019, 04:34:06 PM
There is no valid analysis in a market where 2% of wallets control 80% of bitcoins supply. HUge manipulation, fundamental analysis, TA, whatever.. can be f**d in 0,0 time. keep care.
August 17, 2019, 02:58:33 PM
Why would stress out yourself on choosing among the two if you can choose those two to be applied on your trading?
Technical and Fundamentals would be a good tandem when you do make trades.They do have their own advantage on one another.Just make
use of it and see if its effective or profitable or not.
Technical and Fundamentals would be a good tandem when you do make trades.They do have their own advantage on one another.Just make
use of it and see if its effective or profitable or not.
People always claim to be followers of technical analysis and charting methods,,, but I tell you,,, for sure most people are in fact trading by sentiment. At first, they may be following some kind of chart, but when the market moves suddenly, you can be sure they panic and start thinking with their hearts.
August 17, 2019, 11:31:31 AM
News and Information are important factors for you when starting to trade. because from this information your knowledge of trade knowledge is increasing. therefore, look for as much information as possible to provide more knowledge about your trade, either in the form of the latest price information or about the function of the use of tools in trading.
thats right,
but for me technical analysis is important too, because with technical analysis we know when the right time to enter or exit the market
August 17, 2019, 10:12:23 AM
News and Information are important factors for you when starting to trade. because from this information your knowledge of trade knowledge is increasing. therefore, look for as much information as possible to provide more knowledge about your trade, either in the form of the latest price information or about the function of the use of tools in trading.
August 17, 2019, 08:51:55 AM
The analysis is required before we decide to buy coins or sell coins. And during this time I analyze based on the current market situation. We should be familiar with market conditions, so we won't panic when the market situation decreases. And can decide to buy the coin that the price will rise.
August 17, 2019, 10:11:32 AM
I don't think so if that will be working perfectly consider about the sentiment will be affected by any news, rumour or speculation.
The tool will not accurate to detect the sentiment and use it as a data to determine the direction of the market but i still prefer with santiment app rather than it caused by it's not so popular and lack of testimony.
Both sentiment and technical analysis are important in trade.
The tool will not accurate to detect the sentiment and use it as a data to determine the direction of the market but i still prefer with santiment app rather than it caused by it's not so popular and lack of testimony.
Both sentiment and technical analysis are important in trade.
August 17, 2019, 08:18:18 AM
I will stay on Technical analysis. Because it is very logicable if compared about what we think about the coin. Trader usually should not use their feels because when we use our feelings, it sometimes can make us pick wrong decision. Not means use our feelings is bad, but when we can do logically in trading activity, we can survive in any condition of market and then make advantages for us.
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August 17, 2019, 04:14:14 AM
If the bot can gather all of the crypto information from out there, I guess you will be confusing to decide which coin you want to buy because I am sure that there will be so many coins that could be potential to increase. You will find it hard to choose the right coins because you don't have much money to buy all of the coins, and that can make you late to buy the right coins. We don't know if their services will stay for a long time because I think the service is new among us, so we need to know by subscribing with them.
August 17, 2019, 12:16:14 AM
Sentiment analysis is not really a method I appreciate. psychology can always change and amateur traders always do this well.
I think we should still learn TA, it always gives more accurate signs.
I think we should still learn TA, it always gives more accurate signs.
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