analytical techniques are indeed one of the major supports in the successful trading of crypto currencies, but courage and confidence in decision making are also very necessary in the success of a trade.
If a person knows much about technical analysis, it means that he is courageous and confident. However, TA is not the only one most important thing when you trade. Consider your experience as well to avoid mistakes.
Topic: technical analysis is enough to be successful in trading ???? - page 8. (Read 1419 times)
The cryptocurrency market is heavily driven by news. You have to be one of the first receivers of critical news like security leaks, states banning coins etc which usually have a huge impact on the price.
To get such news as soon as possible you have to play various media, beginning with twitter where news usually are posted immediatly. Blogs are often useful too, but they are usually lag behind other media.
Yes, the news are having a big impact on the market conditions because it attracts the attention of every trader that can lead them to buy or sell in the market. Also the news are helping everyone to decide what would be the next market movements because it updates the latest improvements or bad happenings in the cryptocurrency on which helping to build confidence of the investors in the project of the supporting cryptocurrency.To get such news as soon as possible you have to play various media, beginning with twitter where news usually are posted immediatly. Blogs are often useful too, but they are usually lag behind other media.
For me, I'll be better to consider mostly on TA rather than of listening unsubstantial news.
The cryptocurrency market is heavily driven by news. You have to be one of the first receivers of critical news like security leaks, states banning coins etc which usually have a huge impact on the price.
To get such news as soon as possible you have to play various media, beginning with twitter where news usually are posted immediatly. Blogs are often useful too, but they are usually lag behind other media.
Yes, the news are having a big impact on the market conditions because it attracts the attention of every trader that can lead them to buy or sell in the market. Also the news are helping everyone to decide what would be the next market movements because it updates the latest improvements or bad happenings in the cryptocurrency on which helping to build confidence of the investors in the project of the supporting cryptocurrency. To get such news as soon as possible you have to play various media, beginning with twitter where news usually are posted immediatly. Blogs are often useful too, but they are usually lag behind other media.
Perhaps technical analysis is the most inadequate way to approach trading in the crypto market, because that theory of economic analysis was developed many decades ago, based on economic concepts that have nothing to do with modern times, and even less with a market as disruptive as this one.
At least in my personal case, I prefer to be more aware of the news and the rumors that circulate in cryptospace, because this market has shown to be exceptionally sensitive in the psychological and emotional aspect, in a more remarkable way than in the institutional markets.
At least in my personal case, I prefer to be more aware of the news and the rumors that circulate in cryptospace, because this market has shown to be exceptionally sensitive in the psychological and emotional aspect, in a more remarkable way than in the institutional markets.
I am trading from many years using technical analysis but technical analysis only is not enough , I am lacking something in my analysis and not having confidence in taking trades only based on technical analysis, I did ask many traders they say lot of factors like psychology, crowd behaviour , market sentiments , any experienced traders here know some other factors please mention , and if of you know books where I can learn those please mention book name thanks
it is the important factor for the trading to be successful but technical analysis is not only the important think and there are analysis with other things is also been helpful for you to make the stand that in your trading that's why I am saying this. I am trading from many years using technical analysis but technical analysis only is not enough , I am lacking something in my analysis and not having confidence in taking trades only based on technical analysis, I did ask many traders they say lot of factors like psychology, crowd behaviour , market sentiments , any experienced traders here know some other factors please mention , and if of you know books where I can learn those please mention book name thanks
Making use of technical analysis in the crypto market will not take you so far in the trading world of crypto because the market is very volatile and anything could happen at any period of time, this is why we should be very watchful and also checkout events before trading a coin because event can be one of the major factor that would determine either the price of a coin will rise or if the price will fall. So, we don't just need technical analysis but we also need fundamental analysis to succeed in the crypto market as of today.doesnt come out anytime thats why we do substitute on using up technicals on a particular normal day trading on the market.
Success will depend on how you do able to sustain or survive the market for long.
The cryptocurrency market is heavily driven by news. You have to be one of the first receivers of critical news like security leaks, states banning coins etc which usually have a huge impact on the price.
To get such news as soon as possible you have to play various media, beginning with twitter where news usually are posted immediatly. Blogs are often useful too, but they are usually lag behind other media.
To get such news as soon as possible you have to play various media, beginning with twitter where news usually are posted immediatly. Blogs are often useful too, but they are usually lag behind other media.
I am trading from many years using technical analysis but technical analysis only is not enough , I am lacking something in my analysis and not having confidence in taking trades only based on technical analysis, I did ask many traders they say lot of factors like psychology, crowd behaviour , market sentiments , any experienced traders here know some other factors please mention , and if of you know books where I can learn those please mention book name thanks
Technical analysis is to find the movement of prices but if you having this as your only skill then you won't be successful trader.Decision making ability is one of the big thing needed if you need to be a successful trader and also clear mind of how much profits you are aiming for will make you to reach your goal. 
analytical techniques are indeed one of the major supports in the successful trading of crypto currencies, but courage and confidence in decision making are also very necessary in the success of a trade.
I am trading from many years using technical analysis but technical analysis only is not enough , I am lacking something in my analysis and not having confidence in taking trades only based on technical analysis, I did ask many traders they say lot of factors like psychology, crowd behaviour , market sentiments , any experienced traders here know some other factors please mention , and if of you know books where I can learn those please mention book name thanks
In crypto trade, absolutely no. Because the technical analysis is not working properly. At least with the TA, there are very few people who can determine the price for future, and they are unlikely to be right. 
I am trading from many years using technical analysis but technical analysis only is not enough , I am lacking something in my analysis and not having confidence in taking trades only based on technical analysis, I did ask many traders they say lot of factors like psychology, crowd behaviour , market sentiments , any experienced traders here know some other factors please mention , and if of you know books where I can learn those please mention book name thanks
Making use of technical analysis in the crypto market will not take you so far in the trading world of crypto because the market is very volatile and anything could happen at any period of time, this is why we should be very watchful and also checkout events before trading a coin because event can be one of the major factor that would determine either the price of a coin will rise or if the price will fall. So, we don't just need technical analysis but we also need fundamental analysis to succeed in the crypto market as of today. I am trading from many years using technical analysis but technical analysis only is not enough , I am lacking something in my analysis and not having confidence in taking trades only based on technical analysis, I did ask many traders they say lot of factors like psychology, crowd behaviour , market sentiments , any experienced traders here know some other factors please mention , and if of you know books where I can learn those please mention book name thanks
Money management and tone of experience. Don't be scared to open trades. Do them as much you can and learn form each. Start with minimal bet (thats ~5$ on binance). What can go wrong? -20%? that's whole 1$. And what you've learned is priceless. Trade as much you can.
For TA trades choose only coins with volume >200 - 500 btc. TA don't work on lower volumes because every small investor willing to exit his 5000$ will destroy chart.
There is more than one style that can be successful for trading. There are traders who look solely at technical analysis, and those who look solely at fundamental analysis, and most are in between. Generally, fundamental analysis is better with a longer-term perspective, and technical analysis with a shorter one.
I am trading from many years using technical analysis but technical analysis only is not enough , I am lacking something in my analysis and not having confidence in taking trades only based on technical analysis, I did ask many traders they say lot of factors like psychology, crowd behaviour , market sentiments , any experienced traders here know some other factors please mention , and if of you know books where I can learn those please mention book name thanks
in most of the time it will enough for the prediction of future and technical analysis will be the most important equipment for everyone to keep their confident level hire in their expectation and making them will be more important than to be executed properly while investment.
Its good that you know technical analysis because other traders specially newbies lack technical analysis and they just rely on signals from sources like from telegram groups. If you can learn how to control your emotions plus know technical analysis then you sure are going to make it big in trading, just keep the greed in moderation. Greed sometimes takes over our decision making.
Technical analysis isn't enough to be successful in trading. You must also use your guts because it will not be a good trade if you're just basis depends on just one principle. You have to also place yourself in different perspective in order to make your decision making pricise and correct.
Technical analysis don't work for me very much. I use it once in a while but majority of my successful trading are based simply on "Buy Low/Sell High". Though Technical analysis worked for me in the past, it fails me most times these days.
Not it's not enough and sometimes different technical analysis will give the different result, you need to observe more detail by searching the news and follow the trend, having a lot of experience will give you better way to handle the problem, in my experience follow trend is better than technical analysis
I am trading from many years using technical analysis but technical analysis only is not enough , I am lacking something in my analysis and not having confidence in taking trades only based on technical analysis, I did ask many traders they say lot of factors like psychology, crowd behaviour , market sentiments , any experienced traders here know some other factors please mention , and if of you know books where I can learn those please mention book name thanks
Of course it is not enough, if someone can be successful trader only with technical analysis I think everyone won't loss their funds too much. Technical analysis is important to guide you make a decision but imo you should combine it with fundamental analysis. 
I believe one of the reason why we feel T.A is not enough for us is because of the lack of total trust in it, if we believe in our T.A strategy provided we are really good enough to analyses and not at the same time fighting its prediction off without emotion, then we should not have any issue.
Although T.A may not be completely accurate without mixing it with fundamental analyses, we have to also check the things around us like what is the news is saying, comparisons with other analysis and many more before concluding that what we got out of our technical analyses is the final answer to that particular trade. Once we are able to get these right, then we will no longer have issues with our T.A
Although T.A may not be completely accurate without mixing it with fundamental analyses, we have to also check the things around us like what is the news is saying, comparisons with other analysis and many more before concluding that what we got out of our technical analyses is the final answer to that particular trade. Once we are able to get these right, then we will no longer have issues with our T.A
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