Share your opinions about technical analysis - page 2.

Patatas

legendary

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Providing AI/ChatGpt Services - PM!

Quote from: densuj on January 29, 2016, 12:57:59 AM

1. Technical analysis is only take into account from past data.
2. Technical analysis only can gives hint about 50%-70% true signal for buy or sell.
3. Technical analysis does not has power prediction but just only detection condition of market according to the data.
THAT IS JUST MY OPINIONS Cheesy

For more information share your opinions. Thank you

There is a lot more to it.Have you even heard about Statistical Analysis ? When we speak about "Analysis" in trading,the only paradigm we're referring to is Statistics ,which is a whole another world!Nowadays,its automated and typically used by all these stock brokers who jump to results with the accuracy of about 80% .
Data Pruning/Data Mining/Business Analysis/SAP BI everything is mashed up together to do it by the computers.They even predict the rate of shares in the next 5 years!My point is,leave the traditional data collection methods,move to Business Intelligence.

Pursuer

legendary

Activity: 1638

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Where is my ring of blades...

the notion of technical analysis for crypto currency markets is always baffles me.
it may work in any other markets but in crypto markets it is hard to say really. so in my opinion, any kind of analysis is good and important but it is only a small part of the way. the rest of it is done by other things like listening to the news and finding out what is happening "now" rather than what has happened before.

BitBay*

full member

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Zonda BTC, LTC , USD Exchange

Hi

We would like to invite you to follow our new series of Bitcoin price technical analysis. The first one is now available here:
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Regards,
BitBay Team

mindrust

legendary

Activity: 3276

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Technical analysis is just a tool. There are times when it comes handy but not every time.

It makes you more experienced with the trends and that's a good thing. It is a tool only as good as the user wielding and knowing how well to use it.

While Person A may only predict 1/3 of the market trends correctly, person B may do it 4/5.

densuj

legendary

Activity: 910

Merit: 1000

Quote from: arbitrage on January 29, 2016, 05:19:09 AM

You can't predict anything, Everything is gamble and you must only have a luck!
But if you know that halving is coming and block gonna be smaller you can expect price rise,
that is natural thinking.

Yes you are right but we need analysis tecnical although it has weakness, because history will be refeats as well as the price.

arbitrage

hero member

Activity: 560

Merit: 500

Best of analyzing you can get from twitter and other social medias..
Especially if you follow few prof. traders in their hypings..
Otherwise you need a years of experience in using fibonacci and other methods,,

mickiya

full member

Activity: 195

Merit: 104

Quote from: odolvlobo on February 01, 2016, 04:51:57 AM

Technical analysis is no more than astrology for traders. It is based on fantasy, nonsense, and myth, but it is dressed up to look like science. It provides many excellent examples of confirmation bias.

The bitcoin price is affected by news a lot. It is not a good candidate for technical analysis. Maybe in 10 years, it is good to do.

maokoto

hero member

Activity: 770

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✪ NEXCHANGE | BTC, LTC, ETH & DOGE ✪

Technical analysis cannot be trusted much in the sense that past flow of the chart does not necessarily mean such and such future behaviour... but as many people believe it DOES predict it, then it is wise to take that into consideration.

odolvlobo

legendary

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Technical analysis is no more than astrology for traders. It is dressed up to look like science but it is really based on fantasy, nonsense, and myth. It provides many excellent examples of confirmation bias.

tyz

legendary

Activity: 3360

Merit: 1533

Technical analysis works because the most trading is done by bots today. It does not matter of stock trading or Bitcoin trading. Most volume is traded by programmed bots. And those bots are based on technical analysis indicator algorithms. For that reason it makes sense to trade after analysis indicators. I have applied those indicators for forex trading some time ago, it works but I am not a fan anymore.

gribble

hero member

Activity: 966

Merit: 552

Quote from: densuj on January 29, 2016, 12:57:59 AM

Hey you can learn technical analysis from google and this thread is not about learning it. This thread is for your opinions about technical analysis. Thanks

Ok thanks

densuj

legendary

Activity: 910

Merit: 1000

Quote from: gribble on January 29, 2016, 10:13:27 AM

Quote from: densuj on January 29, 2016, 12:57:59 AM

1. Technical analysis is only take into account from past data.
2. Technical analysis only can gives hint about 50%-70% true signal for buy or sell.
3. Technical analysis does not has power prediction but just only detection condition of market according to the data.
THAT IS JUST MY OPINIONS Cheesy

For more information share your opinions. Thank you

Hey i am newbie, do you can teaching me about technical analysis? You are like many knowing

Hey you can learn technical analysis from google and this thread is not about learning it. This thread is for your opinions about technical analysis. Thanks

gribble

hero member

Activity: 966

Merit: 552

Quote from: densuj on January 29, 2016, 12:57:59 AM

1. Technical analysis is only take into account from past data.
2. Technical analysis only can gives hint about 50%-70% true signal for buy or sell.
3. Technical analysis does not has power prediction but just only detection condition of market according to the data.
THAT IS JUST MY OPINIONS Cheesy

For more information share your opinions. Thank you

Hey i am newbie, do you can teaching me about technical analysis? You are like many knowing

arbitrage

hero member

Activity: 560

Merit: 500

As we approaching halving moment i expecting flood of bad news!
Good news will come later after halving.
Even now we have every day constant attack on bitcoin!

mickiya

full member

Activity: 195

Merit: 104

The bitcoin price is too affected by the news. Good news, its price rises. The recent news is about the block chain size debate. If there is conflict in the opinion, the price drops.

arbitrage

hero member

Activity: 560

Merit: 500

You can't predict anything, Everything is gamble and you must only have a luck!
But if you know that halving is coming and block gonna be smaller you can expect price rise,
that is natural thinking.

bitmarket.net

sr. member

Activity: 323

Merit: 250

There's a saying that the technical analysis is a bit like a weather forecasts: it is correct too often to ignore it, but it is wrong too often to rely on it

Seriously though, I think it is important to look at the charts, because so many other people are doing that.
I wouldn't necessary buy just because there is a buy signal from the technical analysis, but I certainly would not sell if the charts are giving me a buy signal.

densuj

legendary

Activity: 910

Merit: 1000

1. Technical analysis is only take into account from past data.
2. Technical analysis only can gives hint about 50%-70% true signal for buy or sell.
3. Technical analysis does not has power prediction but just only detection condition of market according to the data.
THAT IS JUST MY OPINIONS Cheesy

For more information share your opinions. Thank you

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