Topic: The Analysis Technique is Not Working Anymore? - page 2. (Read 606 times)
The analysis does not work for the cryptocurrency market, because the market capitalization is small and easy to manipulate. The market is subject to the influence of those who have a lot of money, when they want then the market will start to grow.
I just read a few articles on a website, some expert traders say if bitcoin has oversold and other even say if reversal candle has appeared, meaning that bitcoin will soon to the moon. But the fact is that until now the price of bitcoin continues to decline and even tends to be stable, does the analysis technique is not working anymore or this is only a fake statement to make fud?
give your comments below!
All this is a big speculation, now technical analysis can work only for one day, and the holding is becoming more and more unpredictable and more risky than it seemed before. give your comments below!
I think it is clear to everyone that the technical analysis on the crypto market does not work practically. Whales rule the market what they want and what they are doing.
I just read a few articles on a website, some expert traders say if bitcoin has oversold and other even say if reversal candle has appeared, meaning that bitcoin will soon to the moon. But the fact is that until now the price of bitcoin continues to decline and even tends to be stable, does the analysis technique is not working anymore or this is only a fake statement to make fud?
give your comments below!
I think technical analysis technique does work for short-term trading and investment but not for long-term investment because whales mind can never be determined. They have a big impact when they invest or they will withdraw so I think we need to be very aware of that before investing or withdrawing all our money in Crypto. Anything can happen overnight. give your comments below!
Analytical techniques can only be one way. The cryptocurrency market is different from the stock market. It's too young here, and it can cause butterfly effects at any time, causing bitcoin price fluctuations to be large. When the bear market is almost impossible to find investors, but the bull market is countless. Investors need to buy coins.
TA will be used against you here at critical for times. It is not a tool for average traders it is a weapon for whales.
I just read a few articles on a website, some expert traders say if bitcoin has oversold and other even say if reversal candle has appeared, meaning that bitcoin will soon to the moon. But the fact is that until now the price of bitcoin continues to decline and even tends to be stable, does the analysis technique is not working anymore or this is only a fake statement to make fud?
give your comments below!
give your comments below!
Experts' words are not worthy of trust. Those so-called experts are taking a walk for FUD for some ulterior motives. Don't believe them, it should depends more on your judgment on the market. The market is always unpredictable, just because Bitcoin was rise at the end of last year, you thought that this year will repeat what happened last year. This is an unscientific forecasting method.
On that market, I would not sell anything
I have been wondering with the same question in my mind. Actually, am not good in technical analysis as this may not be my area but many are saying to me that indeed cryptocurrency can be a hard market to crack though many can be making money here. Maybe if this market can reach a certain level where manipulations can already be so hard to accomplish then technical analysis can be working right. The problem is that for now it can virtually impossible for the market to grow exponentially when gloom is always coming back to take its part of the pie.
I just read a few articles on a website, some expert traders say if bitcoin has oversold and other even say if reversal candle has appeared, meaning that bitcoin will soon to the moon. But the fact is that until now the price of bitcoin continues to decline and even tends to be stable, does the analysis technique is not working anymore or this is only a fake statement to make fud?
give your comments below!
give your comments below!
I think you misunderstood the function of TA. TA is an analytical technique used to predict the trend of a stock price by studying past market data, especially price and volume movements. For example, if there is a momentum giving a warning, the indicator can signal a break or support.
Should I sell a crypto now?
I just read a few articles on a website, some expert traders say if bitcoin has oversold and other even say if reversal candle has appeared, meaning that bitcoin will soon to the moon. But the fact is that until now the price of bitcoin continues to decline and even tends to be stable, does the analysis technique is not working anymore or this is only a fake statement to make fud?
give your comments below!
give your comments below!
i think a technical analysis will work in the higher timeframe in this market situations
daily, weekly or even monthly
but, for now its hard to predict the market because of less demands in crypto industries my friend
It was never working. There are many things that much more important than technique analysis.
For example - marketing. What if there is no hype but great project? Right, stagnation..
For example - marketing. What if there is no hype but great project? Right, stagnation..
I just read a few articles on a website, some expert traders say if bitcoin has oversold and other even say if reversal candle has appeared, meaning that bitcoin will soon to the moon. But the fact is that until now the price of bitcoin continues to decline and even tends to be stable, does the analysis technique is not working anymore or this is only a fake statement to make fud?
give your comments below!
give your comments below!
Their statements actually is not adhering to one another, many states a speculation but it doesn't really come true. They have many point of views and we cannot really figure out who says the truth. The best way is to decide for ourselves with the help of their guidance.
There are actually times when Technical Analysis doesn't actually work in cryptos, and this is largely due to the fact that because the the crypto industry is highly unregulated, there's a lot of manipulations that goes on sometimes, and this renders TA's almost irrelevant. Secondly, the crypro space is mostly controlled by news (fundamental analysis), so a news release will impact on a trade faster than TA.
if in my opinion, regardless of false statements or not, what is clear is that they all can only predict the price of Bitcoin.
or maybe they just want to give us some enthusiasm so that we are always optimistic about the price of Bitcoin.
we just only wait for a few days, months or years later Bitcoin will again rise from this downturn.
or maybe they just want to give us some enthusiasm so that we are always optimistic about the price of Bitcoin.
we just only wait for a few days, months or years later Bitcoin will again rise from this downturn.
The technical analysis has never really worked in the crypto field. This has been proven over and over again. Often did you see so-called "crypto-specialists" making their statements and posting pictures how some coin will move within the next week or so.
90% of the times the predictions didn't hit the goal and the picture was often removed or the poster came up with some stupid excuse.
There have indeed been times when it seems like technical analysis has worked but I would say that was just luck.
90% of the times the predictions didn't hit the goal and the picture was often removed or the poster came up with some stupid excuse.
There have indeed been times when it seems like technical analysis has worked but I would say that was just luck.
Technical analysis has never worked on the crypto market for 100%. Only during periods of bullish trend. But then the analysis is not needed to earn. While the market has such a meager capitalization that any large bitcoin holder can bring down the rate - technical analysis will not work here.
I'm not a fan of TA, but i always thought they were meant to give you an idea of what the market movements are or what they're going to be in the future. IMO most TA charts are not meant to give you a 100% accurate prediction of market movements, more like they act like a guide and you're the one who decides if you want to follow the info they provide, but they're not supposed to be infallible.
TA is a load of shit. Always has been, always will be. If it helps you get through the day then great.
I saw no one predict the top accurately. I certainly saw no one nominate the timing of this particular meltdown either.
I saw no one predict the top accurately. I certainly saw no one nominate the timing of this particular meltdown either.
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