Trading by technical analysis or just intuition? - page 9.

Victorycoin

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Activity: 1134

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Quote from: Bardman on June 15, 2018, 01:09:57 PM

Quote from: FlexBrah on June 14, 2018, 09:39:43 PM

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.

Fundamentals actually points at news in the ecosystem. Those of high priority would of course impact on the market much more than new of low priority. You can cast your mind back on the price of Bitcoin have had to crash twice after PBoC came up with news of the ban of Bitcoin and ICOs and why the adoption of Bitcoin by retail giant like Amazon can send the price of Bitcoin rallying to the top again.

Technical analysis is like a light in the dark, it shines and points the right ways, following which destinations are attained.

bling-bling

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Activity: 364

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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.

DaryaDancova

newbie

Activity: 119

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Trade in any financial markets following only your intuition will not bring you good. You must take into account both technical and fundamental analysis, as well as consider the development strategy of altcoin.

Bonheur

member

Activity: 308

Merit: 11

technical analysis are good if you are trading anything else but I don't believe they are very believable when it is about this market.Yes they make good calls sometimes but when they don't there is trouble.
I believe research about the coin-token is more trustable than charts.charts don't always apply to this market, they sometimes do.

seyola89

full member

Activity: 518

Merit: 102

Technical analysis has not been working well so far in this bearish season. Even the so called paid trading signals group are feeling the heat. Trading for short term gains during this period is more of gambling and can lose money quickly. It's better to suspend trading for now and enjoy other things in your life.

Bardman

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Activity: 952

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Quote from: gwensarah1 on June 15, 2018, 01:22:32 PM

Quote from: wodebutterfly on March 16, 2018, 03:56:05 AM

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 true that it is the fundamental analysis that is more important for the cryptocurrency market than the technical one. This fact is repeatedly confirmed by sharp jumps in the prices of cryptocurrencies, which reacted to positive or negative news from the world of the cryptocurrency industry. But it is worth taking into account the fact that technical analysis is still important, but on condition that it will be taken into account with all other instruments, like: cryptocurrency analysis of the prospects of a single coin and general analytics of the entire cryptocurrency market that changes every day. As professional traders say: "to be a successful trader you need to live it"

Most of the ''fundamentals'' of fundamental analysis cannot be applied to most cryptos because they aren't companies or businesses. Most of them don't have earnings or revenues or margin profits so how are you successfully applying fundamental analysis here? You can do some analysis on ICO's but other coins, how?

nekorakoeora

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Activity: 434

Merit: 10

with the techniques and analysis would certainly be easier to run. But if you want to rely on intuition is necessarily also good but seemed less effective. intuition is necessarily only based on hunches alone without any data and facts. but sometimes it also would be difficult to predict the result despite having techniques and careful consideration.

illiki23

sr. member

Activity: 602

Merit: 295

Hail Eris!

Well now, there is a dialectic here in that the optimal strategy will involve both. When entering wise mind you can listen to your emotions and intuitions but then bring rationality to be effective. Thus if your intuition says something then check it out and see if it holds.

idioma1

newbie

Activity: 266

Merit: 0

Intuition is a good things but I prefer to rely on my deep research. Before participating in any I often deeply research the project. My advice is to pay attention to whether the projects have a ready-made product as it is some kind of guarantee that it is not a scam as well as long termed activity before ICO. It is an indicator that team goes straight to their goal and will not give up.

Xelpherpolis

sr. member

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Merit: 250

I believe that, as a minimum, you need to study the charts of trading Crypto-currency and be aware of where the market is now - a fall or growth. Continue to act on the situation.

gwensarah1

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Quote from: wodebutterfly on March 16, 2018, 03:56:05 AM

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 true that it is the fundamental analysis that is more important for the cryptocurrency market than the technical one. This fact is repeatedly confirmed by sharp jumps in the prices of cryptocurrencies, which reacted to positive or negative news from the world of the cryptocurrency industry. But it is worth taking into account the fact that technical analysis is still important, but on condition that it will be taken into account with all other instruments, like: cryptocurrency analysis of the prospects of a single coin and general analytics of the entire cryptocurrency market that changes every day. As professional traders say: "to be a successful trader you need to live it"

Dmitry_K

member

Activity: 364

Merit: 10

I think both things are important: technical analysis and intuition. I think that we should not use intuition without technical analysis. Just intuition is too risky.

balrog

member

Activity: 448

Merit: 37

I think the main part is a technical analysis , but ot become a really successful trader you need to combine it with your intuition , which is a result of your past trading experience . To be honest , I don't think that trading on a such manipulated and bearish market is a good decision . TA doesn't work there , because market is moving where whales whant it to be and it's not always the same place where it should go according to TA .

Bardman

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Activity: 952

Merit: 516

Quote from: FlexBrah on June 14, 2018, 09:39:43 PM

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.

miejokky

newbie

Activity: 107

Merit: 0

Correct intuition in crypto can develop only if you have studied the features of technical and fundamental analysis well. And even after that, it's pretty much a lottery.

hastag_80

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The New Pharma-Centric Marketplace

Quote from: wodebutterfly on March 16, 2018, 03:56:05 AM

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?

actually both of this idea is usable in making our trading the technical analysis and following your own basic instinct when doing investment in bearish market,because if you combine this two procedure in doing your exchange transaction of your portfolio,theres a big tendency that you can gain a good profit of your trading invesment,but mostly people much depend by technical analysis because its a transparent way that you can see all the transaction physically.

FlexBrah

newbie

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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.

princeyeboah

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Merit: 14

Quote from: wodebutterfly on March 16, 2018, 03:56:05 AM

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?

Following your intuitions in crypto can be very dangerous. In crypto, you need to read a lot, use technical analysis from your findings and that of crypto experts before you decide to invest or participate in a project.

KuromaYoichi

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Sovryn - 300-500% APY on USDT Deposit

Quote from: wodebutterfly on March 16, 2018, 03:56:05 AM

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?

Well of course you need technical analysis for trading, especially in such a bearish market as if you don't that then get ready to lose a lot of money. You can use your intuition on the bull market especially like the last one as it's not matter what coin you get as everything is up. Technical analysis itself isn't always right so you should put some thinking on it aswell.

shiningstar

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Qravity is a decentralized content production

Of course you should do it based on technical analysis, it is suicide to depends on your intuition for trading as the chance of you guess it right is very small. Even with technical analysis you don't get everything right so intuition is more unreliable. I've lose a lot in the early phase of my trading career because of that.

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