I'm not as good at the crypt as to do the technical analysis of the market on my own, so I basically follow the advice of experienced comrades.
To become a successful trader, you can’t rely on your intuitions only and that you really need to get yourself well prepared for this by learning all the necessary things including the technical knowledge and the awareness regarding the things. If you will be having enough amount of the knowledge, only then you will be able to make some better carrier in trading and then will be making more money as well. 
Topic: Trading by technical analysis or just intuition? - page 19. (Read 3060 times)
You shouldn't trade cryptocurrencies based on technical analysis or intuition but based on the real world use case of the coin and the market they are targeting, the dev team developing for it and the amount of community members. If a coin has strong fundamentals than it is going to go up no matter what.
Many think that they do trade on the stock exchange with the help of real exchange instruments, but in fact, there is always an intuition that very many listen to, because it is what prompts when the situation requires it.
I do it this way. Have to say, I am not a great finansist. For example, I have bought any crypto now. In one month it will increase. If it won’t increase, but decrease, so I just wait. And in 2 months it will increase.
A brief Technical Analysis is needed whenever I trade crypto. Since the coins trade like Forex, the TA is easy for me to build. In such a bearish market, are you making your trading moves by technical analysis or just follow your heart and believe some coin will start to bounce back hardly or something else?
Better to use Technical Analysis and News update rather than intuition. This is investment, you don't rely on intuition but for the information that you gather. It is important that always check the news so you can use it and balance it using technical analysis.
I do it this way. Have to say, I am not a great finansist. For example, I have bought any crypto now. In one month it will increase. If it won’t increase, but decrease, so I just wait. And in 2 months it will increase.
Of course every successful traders are using both technical analysis and fundamental analysis (news) ,and those people who arent using these two important factors is either a newbie or careless stupid trader,because of the market's instability you will need a lot of things to consider and those two that i have mentioned are the major factors you need.
I also use technical analysis and sometimes just by intuition. But I will do more research about the roadmap progress and the community support first. And I will also choose to buy some ICO tokens if I can as a high risk high reward investment.
Of course every successful traders are using both technical analysis and fundamental analysis (news) ,and those people who arent using these two important factors is either a newbie or careless stupid trader,because of the market's instability you will need a lot of things to consider and those two that i have mentioned are the major factors you need.
You will surely get rekt if you wont use both technical and fundamental anaylsis with your trades,because these two will give you some hint on how will the market will do,how a specific coin will move so you can easily get in and out whenver the coin or the market started to fall ,it means it is really necessary when you are into trading.
In such a bearish market, are you making your trading moves by technical analysis or just follow your heart and believe some coin will start to bounce back hardly or something else?
Of course you will need technical analysis when you are trading,because cryptocurrencies are volatile,the market volatility is too high that is why the market could rise and fall in just a matter of hours,so you need to have some good knowledge in analyzing the market charts,technical and fundamental analysis are indeed required.
What is the best strategy to work with crypto? That is interesting question. As about me…. I learn 3 -4 types of crypto and work with them only. When 1 increases, I sell it and the one, which has a low price in the moment.
If you are dumb enough sorry for the word,but if you are that type of trader who will use his intuition to trade you are definitely going to get rekt sooner or later and im sure you will because of the market's high volatility you wont get surivive with the rise and fall of the cryptocurrency market.You will need to learn both technical and fundamental analysis first so you will have chance of getting good trades.
Bearish market really needs a lot of attention,because anytime it could worsen or it could recover,and you will only know these things if you are using technical and fundamental analysis,because you wont win your trades easily with your intuition,luck doesnt work here because of the high volatility you wont get enough gains in bearish trend.
Who trades based on intuition? At-least I know of no such person. If this is your strategy you will get rekt sooner than you know. Learn TA, atleast basic TA so that you know what support resistance etc is. Either you go long term with projects that have solid fundamentals or you depend of TA for trading, no such thing as intuition will make you money in crypto of anywhere else.
Sometime when we are doubt with our technical analysis, we need intuition to support our analysis.
Dont ever stand based on intuition but stand on technical and fundamental analysis then intuition as supporter.
In such a bearish market, are you making your trading moves by technical analysis or just follow your heart and believe some coin will start to bounce back hardly or something else?
Bearish market needs a lot of analysis because anytime it could go bull run,so you really need technical analysis whenever bear market has come.you can make a lot of money because the market movements are predictable when these bloodbaths happened,accuracy of your trades depends on how you analyze these coins,using intuition is stupidity so dont use it. In such a bearish market, are you making your trading moves by technical analysis or just follow your heart and believe some coin will start to bounce back hardly or something else?
It is harder to trade when you arent using technical analysis,you are literally trading blindly without assurance or clue when will the coin be dumped,using technical analysis you would know when to get in or out within your trades and you will have a good idea what will happen accurately,so it will give you more winning trades.
Those who arent using technical analysis are the ones who gets rekt in the market,because these coins has high volatility trading without technicals would result into big losses,im sure most of the technical traders would agree with me because they know how important technical analysis are,plus the fundamentals or news.
I believe that such actions should not trust intuition (at least my intuition for sure). Market analysis should be done. You have to understand what will happen in the future before you do what that certain actions.
Only new folks in the market will use their intuition because it is a game of technical analysis,these coins movements are very predictable when you are using technical indicators so it is indeed needed to learn some basic technical analysis because you wont survive to the market's volatility if you are not using technical analysis.
Of course you need technical anlysis in every trades because the market has high volatility and these indicators will serve as good signals for you to get in or out within the trades,it will give you more accuracy when it comes to winning trades so it is better to check every coin's chart analysis so you would know what will happen to the coin.
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