Topic: Trading by technical analysis or just intuition? - page 8. (Read 3084 times)
I think a mixture of both is quite necessary. Performing technical analysis is powerful as it really helps you understand how the trends are going but also intuition is important as the market does not always follow the predicted trend.
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?
If you are doing short term trading go for technical analysis. Technical analysis are quite accurate when it comes to short term or day trading trends. they can help you to know exit and entry point and an upcoming pump/dump but of lower degree. If you club fundamental analysis with TA, that is going to help more. Like THC is going to have HardFork on July 19 which means it is good to buy it during dips and sell it before 19th July for good profit.
Basing decisions only on intuition transforms trading into gambling. On the other hand, the crypto are so unpredictable in their behavior that the classical technical analysis are of little use. But they are always better than nothing.
I rly like the idea of technical assistants, these days computers and artificial intelligence should definitely dominate in the fields, where possible settlement forecasts.
Well trading is a place for people who understand , and rely on intuition is not the best , so do not hamster )
I use technical analysis all the time and even if the market is bullish I'm doing technical analysis plus some fundamentals so I will be sure that my trade will not be that difficult for me, because I know and I estimate the possibility of market movement.
Most people who lose a lot of money are those who do not use technical analysis. That's why it's needed in every trade you do. Technical and fundamental analysis will give you a hint or idea of when to enter and exit the market or trade, which is why technical experts always know what will happen to the market.
Most people who lose a lot of money are those who do not use technical analysis. That's why it's needed in every trade you do. Technical and fundamental analysis will give you a hint or idea of when to enter and exit the market or trade, which is why technical experts always know what will happen to the market.
What fundamentals? Fundamental analysis is really hard to apply to cryptos, what metrics do you use? You don't have earnings, you don't have any of the traditional stuff, fundamental analysis it's too new to be applied correctly when it comes to cryptocurrencies.
Intuition and Technical analysis are great partner, you may find great profit if you combine both. I haven't say that I am very good in trading, what I could say, both capabilities are the requirements and has high significance on this field.
I use technical analysis all the time and even if the market is bullish I'm doing technical analysis plus some fundamentals so I will be sure that my trade will not be that difficult for me, because I know and I estimate the possibility of market movement.
Most people who lose a lot of money are those who do not use technical analysis. That's why it's needed in every trade you do. Technical and fundamental analysis will give you a hint or idea of when to enter and exit the market or trade, which is why technical experts always know what will happen to the market.
Most people who lose a lot of money are those who do not use technical analysis. That's why it's needed in every trade you do. Technical and fundamental analysis will give you a hint or idea of when to enter and exit the market or trade, which is why technical experts always know what will happen to the market.
I analyze certain coins and not the market as a whole, because I hold in the long run only two coins that are relatively stable, but now I can not be sure of anything
For trading technical analysis is very important, no one buys coins blindly, before investing they will analyze like history of the coin, price, profit,loss and other parameters.Investing on intuition is only on few coins is ok like bitcoin and other well established coins.
Very often I notice a situation when people do not understand what technical analysis is and very often they work only with intuition, if it can be called a job at all, because in such cases I generally remember casinos and very often the situations are really similar.
Technical analysis bad for crypto market now. Techincal analysis does not work well, because crypto market is immature. Use fundamental analysis for crypto and you will win. Bad and good news are more important than figures on the charts (for crypto, ofc).
I dont think so it always better to do a technical analysis to see what move you can do in this situation I always analyze the market before doing any move in this bearish situation, but sometimes your instict can give you a good return and take note using an indicator can help you to decide if this is the best time to buy or sell.
Technical analysis bad for crypto market now. Techincal analysis does not work well, because crypto market is immature. Use fundamental analysis for crypto and you will win. Bad and good news are more important than figures on the charts (for crypto, ofc).
I analyze certain coins and not the market as a whole, because I hold in the long run only two coins that are relatively stable, but now I can not be sure of anything
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?
Unless you were born under a lucky star, following your heart to trade in this bearish period is suicide. I tried some technical analysis but most were failing. The best way to trade during this period is by using bot traders but even that is not fool-proof as you can still get rekt since the market is bearish. Best to avoid trading generally during this period.
To trade need intuition, which comes only if you watch the market for years.. Fundamental and technical analysis only help, but do not give 100% guarantee in making a profit.
Intuition is nothing more than just knowing how to act without having to think about it but it's essentially technical analysis, once you learn and practice TA for years you will be able to trade using your ''intuition'' which again is nothing more than just what you learned but without having to think about it.
To trade need intuition, which comes only if you watch the market for years.. Fundamental and technical analysis only help, but do not give 100% guarantee in making a profit.
It kind like to digging you own grave yard if you do it only by intuition. The markets doesn't work like that, you are able to do a prediction or forecasting the next trend. Learn more about trading skills, even you need to learn how to overcome your emotional when 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?
I really do a technical moves on bearish market, some traders really do the same technicals the volume is to low on bearish market and pretty good to trade some coins. if there will be a major bull market you should hodl and sell them on exchanges and never ever swing trade. Do not fall for one technical analysis. First of all, we need to look at the fundamental analysis and how the project is developed and draw the appropriate conclusions.
How are you going to apply fundamental analysis to bitcoin? Or to any other coin for that matter. Fundamental analysis uses revenues, earnings, future growth, return on equity, profit margins, and other data to determine a company's underlying value and potential for future growth, most of it cannot be applied to cryptocurrencies since most of them are not even companies or businesses.
Technical analysis is like a light in the dark, it shines and points the right ways, following which destinations are attained.
You are basically saying that fundamental analysis is just looking at news, that's really not it. There is so much more to it, anyone can look at positive or negative news and react. What happens when there are no news but the price is tanking? Or reverse?
It is always better to base our trading decisions from actual facts rather than hunches or guesses. Traders should learn to check past performances from graphs or trading boards. History is a concrete source which shows trends and patterns that traders can use as a guide. Therefore, technical analysis is more reliable than intuition.
Yeah, your right buddy. Actually, we learned from our previous performance as we experience the different.scenarios during trading process. Also, we need to be patience and wait the right time as we want a great amount of return in the future. I believe someday this red days will turns to green as we want a profit.
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