Bitcoin Forum

I've been thinking about starting to learn how to read charts and do some technical analysis for myself. The problem is I see it ridiculed on pretty much every forum and people saying it's useless for crypto.

What are your thoughts? Worthwhile?

Well, if you didn't know anything about it, then how you going to buy a coin?. Technical analysis is necessary to find a probability of the markets. There is no real proof that technical analysis is really useful, but one thing I know is many great traders definitely used it as a guide for their trade. so, indirectly the technical analysis become valid and legitimate.

It is a good part if you are going to learn how to read charts so you wil be going to have some information and knowledge on what coin is good and best for you. Also you will be going to have reference on what coin has attenuated and flactuated value this will help you on deciding on your short term and long term plan in investing. This will also help you on deciding when to sell or trade and also how long are you going to hold your coin.

Its not absolute but it shouldn't be discarded entirely. I use TA myself for entries and exits but I sure don't daytrade, TA just isn't everything but it isn't nothing.

^^ THIS!! ^^

Instead of technical analysis though, you might do better with dollar-cost averaging. It's a bit riskier with cryptos than with stocks because the volatility is more pronounced in cryptos, but done for long-enough, you'll do better than most assuming the market remains profitable over time and you pick the right coins to get into

To be honest in the past I had the same idea that technical analysis do not work on crypto.
Now , I am slowly learning instruments that have some value and I have to say that there is value. In my view the bottom line is that all of this is just psychological movement as in stock market and other markets.

They can be a guidance for short term trading but you have to be a little skeptical because many times these analysis are wrong

Yes, TA work with cryptocurrency. However it has some limitation, mainly related to low cap (iliquid assets).
For liquid assets, you will find many useful line, such as 100 MA, 200 MA, etc.
But like any other market, TA alone cannot be used to make a decision
You still need guts, luck, intuition, etc.

Usually technique analysis useful for financial tools that have a history. In cryptocurrencies there is no big scale of price movement history that can be analyzed with known technical indicators. Fundamental analysis is more reliable than other analyses. Bitcoin is more compatible than altcoins no matter which analyse  you gonna to use.

Its an analysis only and it cannot say that the price of coin will increase or not. Its only a basis and if technical analysis always works then no one is supposed to be losing in trading

No, I do not think so, I think in most cases is still useful.
A friend of mine is to rely on technical analysis to make a lot of money. Just cryptocurrencies are different from stocks, they have their own characteristics, so when you are analyzing, you have to consider those special factors.

Thanks guys. Some useful points here. Looks like it's worthwhile to learn the basics.

Technical analysis in the market of crypto currency does not really work. It should be studied only in order to be able to read graphics and understand what is happening on them. There are a lot of manipulations in the crypto currency market. And manipulation will never be adjusted to technical analysis.

It is good to have a knowledge how to  read charts and make your own technical analysis. It is your advantage to avoid certain loses but it is not very reliable in every coin specially in bitcoin. But at least you already have an advantage over the others.

Its work but not 100% could be just about 70% , the crypto market is has lower volume compared other market like stock so many price of crypto just like pump and dump. But learn the fundamental of crypto will more help for long term investment.

In this market, technical analysis alone does not work.  Here  rely more on the news output.  But the main thing here is the behavior of bitcoin.  If bitcoin falls, the altcoins almost always fall with him.  And then the news on altcoyins is no longer important).

It depends: it work fine in standard situation, so you can predict with decent accuracy the small fluctuations.
Of course, in no way  technical analysis can predict sudden explosion of a currency.

The course is influenced more by the manipulation of the market (news background, events). What kind of news background will create manipulators - so will the course. And the technical analysis does not work to the full in the market of crypto currency. The basics of technical analysis of course need to know. But nothing more.

The matter is that the market of cryptocurrencies is characteristic a rough news flow and high volatility. Traders who react, for example, by a traditional method of bad and good news often have no advantage, the market changes very quickly, and news about cryptocurrencies get to media reluctantly and with a big delay. In too time those who prefer the technical analysis, can thinly monitor a situation and react to the changes in price beforehand.

I think that technical analysis is almost the only thing that works. And to successfully work in the market you need to know at least the basics of technical analysis. Of course, it is not a guarantee, but it greatly increases the chances of success.

Some heuristics is enough in my opinion. Like recognizing a double bottom for example. On the other hand looking at n-day averages is rather pointless.
When looking at buy opportunities I would try to individually look at each chart, compare it with the current progress of the project etc.

Yes, TA work with cryptocurrency but not in small markets.
For liquid assets, you will find many useful line, such as SMA or EMA.
I use indicators such as ADX and ATR.

Yes, technical analysis works for crypto too.

Technical analysis works only when the market is stable and there is no negative news. But if there are any external factors, then the analysis stops working and the price becomes unpredictable.

Its still work but not high accuration because fundamental is the most one will be more accurate.
Learn both of analysis will give more chance to win in trading because both two are the best analysis.

Technical analysis help you to study the fluctuation of a coin. But a little bit help for a stable fluctuation. You should study and gather some informations from all of whales because they are the cause of manipulations of price. You can ride with them.

You can not trade only on technical analysis, the market is influenced by many factors.
but you can not ignore it.

Technical analysis can work for some coins, if the volume is too random and has no common trend then it will be tough.

yeah crypto isn't like forex, sometimes market is stable and sometimes like a storm. when market is unstable, fundamental analysis does the work

Technical analysis are needed for crypto. Well if you dont know the basics you going to fail to choose buying or selling points. But yes Crypto market moves with news and almost every successful traders use news for trading crypto with obviously technical analysis.

Technical analysis' usage fits for crypto because it is used for day or swing trading from short to medium term trading. Technical analysis serves as a guide for traders. They’ll use indicators like the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD). They also watch the charts for trendlines and others. Many also says the technical analysis doesn't fit for cryptocurrency because of its volatility it is only good for stable and predictable markets like forex and stock market.

For me, in every subject, technical analysis is useful this serves as a reference The past data makes you analyze how did you perform in the present. Events happened in the past will give your direction on what to do for the next. So in bitcoin though it's hard to forecast but you have the trend because of reference/comparative data.

Yes it is,people who are saying its not working doesnt know how to use or  they are morelikely doesnt have any idea in how to use any of these technical indicators.Technical anlysis really works if you know what you are doing,learn some basics trading in investopedia that is where i learned a lot about technical analysis,fundamentals are also has some big part on how a coin will do in the market.

I totally recommend you to learn it if you want to make better trades. There are tons of videos about technical analysis in youtube and is less intimidating than it looks.

Exactly, though technical analysis is more like emotions but it works actually for example support and resistance levels. Depending only on the technical analysis is definately a bad idea because a simple negative news can take down the coin and a simple positive news can help the coin to take off to next levels.

We couldn't do anything about it if people really believe on the fake news or FUD they hear or read but using a technical analysis is a really big helps to compare each coins. Specially during in the fluctuation of each coins, you will have a good idea upon looking at it. The market have some kind of patterns that most of us won't see it but regarding to your all knowledge you could see it too if you are very familiar in the market movements.

Technical analysis indeed working for most of the time,but in our volatile market which most of the new investors are getting FOMOs fundamental analysis are more dominant than technical analysis,but it doesnt mean that we should take it for granted.I am doing marginal trading using technical analysis and it is working like a charm.

While not 100% accurate, it can indeed work and is of course better than no analysis so. ;D

We can use it as basis to check out but not really a tools as crypto trading really have a lots of sway unlike forex or stocks where the movements came from the charts, I think wise traders always find advantage and using analytical analysis will be a good way to assess whether to support coins or not
just always do your homework and keep your eyes open each time your analysis is getting somewhere.

I think technical analysis works great with cryptos. My only problems with technical analysis in cryptos are two things:

1. I only manage to make money trading in a bullish market.
2. The range trading is sometimes crazy on cryptos. This means that small time traders like myself never get in on the very bottom, or out on the very top. In a very volatile market it makes it difficult to make money. In december Ripple had a pretty simple trading pattern, where trading via technical analysis was a very viable and profitable option, but in the end I would have ended up making more money by just holding.  :D

I have long history of using technical analysis and i am definitely going to use it in future as well. In my opinion the cryptomarket is stabilizing with the time. It is starting to follow the rules of old school markets. So with the time the technical analysis will be more in demand. To support what i'm saying i can point to the fact that just recently big change happened in crypto. If you remember before the alts were dropping in price every time when btc would go up OR down. But not anymore. Now alts are following btc. Another thing is that soon alts will not depend on the btc as much as now. Some other coins will take same role. Last news are showing that eos can be one of them. That way the market can become less controlled and more stable. That is when analysis will become handy. But even now the analysis can be used for short trades. Just try to use rsi, stoch and macd for short trades and you will see how it increase your chances

Yeah, I'd view it as a tool in your investment toolset, it can be helpful if you are trying to time markets and project best times to buy sell. But if you are a HODLer, it has limited applications other than projecting when to buy

Let me tell you from my experience , Not all TA is useful but for sure learning basics is a must if you want to start crypto trading . There is only couple of TA tools you should really learn , The rest is not effective . The bottom line is crypto is not like trading forex ect.. ,  it is totally different thing so you should treat it the way it really is .

Fundamental analysis are more dominant in cryptocurrency market because it only takes one FUD to take down our market like what happened to INDIA fud.People are easily getting panicked when they have read some negative news even the source is unknown which is funny,technical analysis on the other is another thing to be considered if you are trading short it is recommended to use technical analysis because most of the charts are following technical analysis.

Analysis technique partly works but not fully successful, have you ever seen a posting of people who say ethercoin will reach 500$ and alternate currency will follow in the footsteps. I do not think that analysis is unimportant I must read every day of today's market movement.

Some of the top stock traders use Technical analysis techniques successfully. Knowing these patterns Can help find profitable opportunities for entries into Cryptocurrencies. Its complicated, involves a lot of study and research, and if you want to give it a shot, go ahead, you definitely cannot lose with a medium that is predictive and holding so many variables.

Many experienced traders use technical analysis for their daily trading. Often, this method produces a good result because you need to rely on at least something when making a decision to buy or sell. Crypto lives by itself.

You should combine technical with fundamental analysis when analyzing trends.

Both technical with fundamental analysis can be useful up to certain level. The fundamental truth is that money are controlling the markets.

Not with shitcoins and small caps as 1 whale can control the price,for medium caps is 50/50 but they2 are more about news about the project then ta.If you wont to use ta you are best using it on bitcoin as other coins most of the times follow the same path as btc and a single whale cant really control its price

I personally do not do deep technical analysis myself. However, I read and watch the forecasts of those who have a lot of experience in this. As a rule, they expose two types of analysis pessimistic and optimistic. How the market will behave and what kind of forecast will come true - no one knows. You can try to predict and assess the current situation. However, one bad news from some kind of government of some country - will destroy all your forecasts in a jiffy.

In my opinion, technical analysis is one tool that is valuable. However, as with any tool...you cannot rely on this one tool as your only source. You need to gather as much data as possible both from analysis and the general "feel" of the environment as a whole. Might sound strange to some people but a little bit of FUD can move a market a great deal depending on the trading volume.

Agreed, i think part of this being not that much of an impact in crypto trading is the volatility of the cryptocurrency, unlike in stocks trading where significant changes in value takes too much time in cryptocurrency based on history of the market of all crypto you could see a 1000% and above changes for some alts that happened in just a couple of hours with real trading volume.
Yes technical analysis is an advantage as a crypto trader but we can't rely on it all the time.

There are plenty of tutorials and guides on how to read through an ICO and see if it's crap or if actaully is worth something.

I think, it works, but just on stable market. TA is very affected by FA in crypto, so any bad or good news could crush any predictions. Buy the news - sell the rumors - the best TA in crypto  ;D

Definitely it works.Technical analysis is very useful in the business of learning.You can even predict by looking at the technical analysis without knowing anything.

Well i think we must combine between analysis technical and fundamental of alternative coins/investing in ICOs before we make investment in them, personallity i have used analysis technical to prediction of movement price when short time investment usually in trading altcoins and it was worked, also i have used analysis fundamental of alternative coins/ICOs for long time investment. I have used them analysis technical and fundamental.

From what i learnt in one year; technical analysis do not work most of the time. Bam bam bam is the most handy solution  ;D

I rely on my experience and intuition only. These are two parts of my success. Technical analysis seems too difficult for me to operate with. If I need it I will try to start from analyzing the most popular currencies.

Aside for technical analysis, Statistical analysis works best for this kinds of things. Why? If you would venture more you will see how this whole thing works. Why the prices drops? why and how it rises? Why do we need a correction, you will be able to answer clearly answer those things. A statistician might treat this whole thing a big data. And for someone who can understand what lies beyond that big data, It would be a great advantage for him or her.

technical analysis in general isn't enough to determine how the price will go next ,as if you just draw some random lines on chart ,you would see that price might respect these lines as S/R , but in fact they aren't S/R ! . chart sometimes move randomly ( you can read about random walk theory) .in crypto market , news play a vitl role as if some good news are coming to some coin price will go up a little regardless your analysis . to conclude , technical analysis will work if only you do it right + some news relating to coin .

I believe that technical analysis works in cryptocurrency too!if you compare the charts of currencies you can draw analogies!but not always technical analysis gives 100% result!current events!good news is what works.)))

Even on Forex or stocks, TA does not suffice. It needs to be coupled with diligent research and updated news and current events. Your TA will be trashed if an exchanged got hacked or sudden ban of crypto. But on ordinary days, it should work.

To be honest, I don't know anything about this technical analysis although I have heard it many times already. I think it is working but not all the time because if this technical analysis is working all the time, all who invested in crypto especially traders will not be having a loss and all will become rich.

Most of the people will tell you that technical analysis doesnt work here are scumbags,they dont know how to use technical analysis.Of course as a trader you need technical analysis together with fundamentals so you can be sure when will be the best time to sell or hold these altcoins.

You're right. If technical analysis always worked, then many traders would never have lost. Although it seems to me that some exchanges specifically cheat so that traders do not go out constantly to profit.

Of course, you just need to be equipped with knowledge on tradings with Technical Analysis. It doesn't provide a 100% result but it will surely help you to find the entry and exit points of your tradings. Good thing that these features will be available on Cryptocurrencies.Ai that will be launching this November. The platform will allow users to do technical charting, market research, manage your portfolio from one platform.

You guys can signup now on the website to reserve your spot on the free beta launch: https://cryptocurrencies.ai
Also, join our discussion on the telegram group: https://t.me/CryptocurrenciesAi

I doubt if technical analysis would work well in crypto as it does in forex, crypto is most manipulated than forex, I have also noticed lately that those who made theirselves technical experts for crypto between Dec 2017 and now, have refrained from being too bold as The market has become so unpredictable! Crypto is a difficult terrain to attempt a prediction!

You can surely rely on the technical analysis if you still don't have any idea on the coin that you would want to invest. Better explore more about the project and if possible, make comparison of it in the similar project that has been successful already to know what is the best.

No, technical analysis does not work in the market, simply because too little capitalization in assets and easily manipulate the price. A more reliable way is just to follow the news and to place orders in advance with a small percentage of profit.

It can work sometimes but the problems arise when people start expecting it to start to work everytime. Sometimes you have to get lucky to make the kind of money that you want to from the market, so while technical analysis can help to prepare people for what they should expect to happen in the market, I don't think that it can help predict it everytime

as soon as we can see a quiet in the market and not a rapid growth or a strong falling, then the market is perfectly amenable to technical analysis. so too many people earned from June till October

Technical analysis also works in crypto currency, only if the daily volume of trading is several million dollars. When volumes are low, technical analysis is useless, choose coins with good volumes and trade.

It works only on certain timeframes. The history of Bitcoin is quite small, which is why it is quite difficult to conduct analysis on large timeframes.

To begin with you need to understand the limits of technical analysis and those limits are exposed most of the time at the beginning of most books, you can only apply technical analysis to markets that have enough volume and liquidity, this means that only in the top coins technical analysis can be effective, in the rest of the coins you cannot apply technical analysis successfully.

I used to listen my intuition, of course I am doing my own reserches but I don't really trust to technical analysis. Maybe I am making a mistake?

That depends, are you making money consistently in the market of cryptocurrencies, if that is the case then you can keep following your intuitive method since you are getting profits with it but if that is not the case then it could be a time for a change and technical analysis can be what you are missing to make yourself successful in the market of cryptocurrencies.

i think that it is not useless, there are some things that are for sure very usefull when trading- as support and resistance levels, this factor works .
Off course with some level of certainty, the long term predictions is completely different.

Manipulators very often adjust their actions to technical analysis when they need it in order to make the majority of traders believe in the regular price movement. And when the majority are sitting in reliable positions, supported by technical analysis, collapses or raises the market in spite of.

I think it does. But you should not rely only on technical analysis. Techical plus fundamental analysis plus market and behavioural analysis. You should consider all of the above before making a decision. Even more so if you are considering investing in altcoins rather than BTC. This is my hobby for quite some time now. And I think that I found a good one. It is called BTCN and the time this coin took to become a part of coinmarketcap is fascinating. Plus, you should always go back to the basics. At the end of the day, each coin is a product build by developers and the effort that devs are taking into improving a certain coin is also a valuable fact that you should consider when making the decision. BTCN devs are constantly improving it plus they seem to focus on eliminating BTCs flaws and using its advantages into this new coins structure. So, it seems like a hard work because it is and that is why you need to invest a lot of time before start investing your money. No easy money here.

technical analysis is good when the market condition is good or improving. I have watched a lot of technical analysis this year and have found them more unreliable than in previous years. It is better to stick with simple rule of investment and update it. Most of the technical analysis had been advice to take caution and everyone should do his diligence.

You need to get more experience first and learn how crypto works in order to read charts and do some technical analysis. Anyways, I think that analysis will not guarantee you 100% success in investment as many factors influence market nowadays. It is very hard to predict.

Somehow, technical analysis worked for some aspects in the cryptosphere. If we are to use/interpret the chart in trading, we can see the trending whether it is ascending or descending then we can make a judgement call on what we have to do. But that is not always be the case on the cryptosphere as some of it is being manipulated by whales.

I think yes, we should need to analyse and consider all the possible things to happen, but this time its hard to analyse what would be next to market because most of the time the value of all coins are decreasing.

Absolutely not. There is no prediction of how things will go. Just good guess and the ones who follow the ticks of some charts are naive people. All the charts make all kind of prediction and then once thing happen they pull out the one that was saying that and will discard the others statements. Be intelligent, stop believing in them.

I think technical analysis works only when the market is stable. Often, during a strong movement in the cryptocurrency market, this analysis does not work.

What graph do you analyze? did you make it yourself?
maybe your analysis technique is not correct so they think it's not specific to see the development of crypto.

all predictioins methode is work in crypto,, wich mean technical and fundamental analysis my friend
but, all of us know if predictions will not always right, so, set your stop loss and profit taking price
and remember don't be greedy  ;)

It is not the first time analysis on crypto currencies became hard for people to conduct on. To be honest, I don't actually think those analysis actually work. The crypto market is totally unpredictable. There is no way to know when the price will rise or end up crashing badly. All we can do is make some wild guess. Look at the price now. No one predicted this recently fall and no one can correctly tell us when the price will rise back.

On a level and steadily progressive market, the answer is yes! However, with the recent uncontrollable downward trend in the market, it has become completely difficult and almost impossible to rely on the technical analysis indicators and strategies to work. Everything up till this moment has failed and its as if nothing about market predictability is working at the moment hence, people are questioning the usefulness and reliability of TA. But believe me, it works effectively on a stable market.

Technical analysis works very well in the crypto market, but you must have certain skills in order to be able to apply it in practice. It is difficult however it can bring not a small amount of profit in our not easy business.
Personally, I prefer not to create unnecessary difficulties, long-term investments are my main earnings.

I see mostly technical analysis work with crypto. But technical analysis should be one of our investing decision. support and Resistance lines mostly match with crypto market. But I believe market future mostly depend on news. So we have to consider both technical analysis and news for good treads.

Technical analysis is not useless for cruptocurrency charts trading. The only setback for now is that it's not as effective as it is in other markets like forex, stocks, Commodities, options, Futures and co because they have higher and more liquidity than cryptos.

everyone has different insight, might as well share my insights. TA or technical analysis is applicable in everything, that is why it is technical. It is a form of analysis using technics or technology. The way I see it, Yes it is applicable. It is just hard and using technical analysis is hard to achieve high rate of success.

I think it is part of the personal responsibility of a cryptouser to understand and learn about market statistics. Technical analysis will help you not just to predict the price of the currency but also to figure out opportunities behind every cryptocurrency in the market.

technical analisys should have to combine with fundamental analisys.this is could not work alone.tehnical and fundamental has strong correlation.in chart we see where is best level to entry and exit , and by fundamental we know why it moves.

Yes of course its really important the technical analysis with regards to crypto chart statistics because this will help you more knowledgeable and wise for making good profit ahead. Which most of the cryptousers are succeeding due to experience of analysing the market trends.

Well sadly it mostly true, cause the cryptocurrency world is fully able to be manipulated.
Especially by any whale investors that hold a lot of amount of coins in their pocket, they could easily turn over the cryto table easily.

Technical analysis is not foolproof for analysing other forms of investment either. It can often be made redundant by real world events. What it does give you is a slightly better than coin flip insight into which direction the market is likely to head. You still need to know how to trade to exploit it when you are right and limit your losses when you are wrong.

Most of the time when I apply the technical analysis it works but sometime when the market is not a good position like now it is in the blood zone so situations like this sometimes technical analysis does not work because market keeps on going down. So it's better when you are using the technical analysis better to check if the market is in a stable position or not

I think sometimes technical analysis can work with crypto, but it depends on each person because we have different analysis and I don't think all people or trader use the same analysis. But for me, I only analyze from what I see on the market and sometimes, I see that it's more accurate than the technical analysis and fundamental analysis. Besides that, I see that if we can analyze from the market directly, we can find a way to get the lower price to buy and we can sell when the price increase higher.

Just as previously mentioned, that we can't fully rely on technical analysis, since it can't be fully applied into cryptocurrency.
Since there is no supreme regulation that could manage the fluctuation of the price in cryptocurrency.

just ignore the words that are not good to be heard. two important aspects in the crypto should at least be controlled one is technical analysis. This is indeed not a young but if indeed intend to learn too late then surely the longer will understand. technical analysis would be useful and help to bring in the profit from the market.

Technical analysis can help you predict things in market, remember 'predict' word, it can help you get some idea but it's not full proof.

if you look at the market situation lately, doing technical analysis according to me is not appropriate to do, because the market situation has been unstable and unpredictable lately, as evidenced by a prediction that I read in this forum and also there is evidence of analysis that can arguably trustworthy where the analysis essentially states that starting this November the market will experience a recovery, but the evidence a few days ago the market still experienced a very drastic price decline.

it's hard to say it will work 100% in crypto. because the crypto market is very difficult to predict differently from the stock market. everyone is not sure what is the significant effect of the crypto market. and from what I've seen lately, some say manipulation, some say crypto doesn't have functional values, some say because crypto is illegal. so far there has not been an accurate analysis of the crypto market, and if the market will soon rise again everyone will be surprised.

It can only be said that this may be a golden period. After the overall devaluation of the cryptocurrency market, there will usually be a rebound counterattack. Otherwise, the cryptocurrency market that continues to decline will make investors disappear. But now it is uncertain that the price of Bitcoin will not continue to fall in the future. If you are a long-term investor, don't worry.

A prediction cannot be determined by an analysis, but certainly an analysis can guide someone so they have the basic knowledge when they make a buy and sell. If there is someone who is truly capable of predicting prices accurately then he will be one of those who have a lot of wealth, just imagine the price movement of cryptocurrency which is very volatile so he can get a lot of profit in a few hours.

Yes, it sure does! Having to know how to plot a graph from a chart in order to detect trends and the signal that can lead to a quality decision about your cryptocurrency market activities is very critical to your sucess as a trader or investor of cryptocurrency!

the analytical techniques you do will not always be able to provide precise accuracy sometimes you will get losses because each price movement will never be the same as the previous movement.

Crypto analysis is indeed very difficult and crypto is very difficult to predict. It might be different in 2017 that crypto prices are more stable and prices are increasing. And everyone can analyze that the price of coins will definitely increase. But crypto is different in 2018 that prices are slowly falling because it is difficult to analyze and until now prices have declined.

Sometimes TA can help us to see a pattern but not most of the time because I believe the price of bitcoin has no pattern and it's unpredictable.

It works, technical analysis is very important in crypto trading, as you know, not only in crypto but also in stock and forex market, technical analysis is not always right, there are many factors which decides price movements, in many cases technical analysis does not give exactly results.

Of course technical analysis is very important things in crypto trading. Cause without technical analysis we can't take any perfect decision when we can buy or sell coins. It is very profitable way for a trader to take entry or exit by watching technical analysis.

I disagree with the idea of trying a mixed approach, if you want to use technical analysis then that is fine and if you want to use fundamental analysis that is fine as well but to try to use both is going to be incredibly difficult to an inexperienced trader because he will have so much information at this disposal that he will not know what to do with that information.

Of course that there is no universal solution and no one can tell you that there is a thing that works 100%. Not a single analysis works 100% in any trading market, let alone crypto market. I've read some posts where members were saying that none of the mentioned analysis works and that we just need to act. It sounds hopeless, it sounds like you are comparing it to gambling and not a single win can be explained reasonably. So, everything is useless? You do something, you win some, you lose some, you try smth different the next time and that is how it goes? I highly doubt it.

That is the problem, people want something that works 100% of the time and that is not possible, what it is possible in trading is to create a method that works a certain number of times and after a long time you will get profits since you win more than you lose, that is possible but it requires a deep knowledge about what you are doing and why you are doing it.

Technical analysis assumes cyclical repetition of certain processes and psychological behaviors. I think it can work in very short periods of time (a few hours, a maximum few days). The cryptocurrency market is still small, which is why it is not resistant to manipulation of whales. It is enough that one large investor decides to take action and technical analysis stops working. Therefore, it is very risky to use technical analysis on the cryptocurrency market.

It is very useful for crypto. especially in margin trading. You need to have a good knowledge of technical analysis to predict its price will increase or decrease in a short period of time.

Technical analysis works for crypto. But you need to know how to read the graphics correctly. You also need to know how to combine news and graphics.

technical analysis is to predict the markets with some kind of tools such as indicators and the purpose we use a technical analysis is to predict the market with all the probability my friend,, so, we can set a stop loss level and profit taking level by using a technical analysis
for me its work in crypto

Analysis still works and to those that are saying that its no longer working.

I guess they gave up and all of their TA's were failures so that's why instead of pursuing TA's, they are just telling others that this isn't going to work anymore. Someone who isn't really good in reading charts shouldn't TA but he can practice and learn from it.

Are you serious? Technical analysis has been used several times before to predict a bunch of reactions about the price, not talking about altcoins, i am reffering to bitcoin.

It is almost impossible to use TA with low volume altcoins (less than a dozen of millions) so yes, in this case, you are right with that.

I think this analysis technique can work when the price movements are the same and very easy to predict but you have to know that the cryptocurrency price movement is very difficult to predict so you have to be careful when you want to buy coins.

Technical analysis works for every kind of investment, including Bitcoin and other cryptocurrencies. If you don’t know anything about it, then its of no use investing in it. But as usual, analysis won’t be 100% accurate. If you have been following with it you should have noticed that by now. They will make predictions but it won’t be exactly as they said.

Technical analysis sure have it's influence on whether you make a profit or loss! Technical analysis is particularly useful when the market is stable and you can actually chart a trend and have an insight to see prices in short to medium term basis!

I am not sure about it, but probably levels of support and demand should work. Also think about liqidity.
Without liquidity technical analysis doesn't work, so select the most liquid crypto like ethereum, bitcoin.

Technical analysis is not that limited, there are many traders that are making money and are not using charts with very short periods of time, after all the psychology of people does not really change just because you change the period of your chart, what happens is that very few people can use technical analysis in the right way because even when they devise a way to beat the markets people do not follow their own strategy.

In my opinion, technical analysis works well only at the time when the market have flat. At such a time, you can fully rely on technical analysis, but if you always rely on it, then nothing good will come of it. Too many factors influence cryptocurrencies usually, so you should never rely entirely on technical analysis.

There are daytraders who use technical analysis to invest in Bitcoin at very short time intervals. Unfortunately, TA does not work for longer periods of time, nor for altcoins, because their price changes are too large.

I think this analysis technique is only used to provide information about the price movements of coins that have occurred so that it can help you to determine the cryptocurerncy price movements that will occur, but I am sure it is not entirely accurate because the cryptocurrency price movements cannot be predicted.

trading is understanding and if you have no knowledge on how trading work there is no need of investing in it.  I could remember how I lose money in 2008 through forex trading.  I believe that your knowledge and experience is the most important thing in trading and that is what you should strive to achieved.

Yes it works but you have to understand that this market has very low liquidity which means very very volatile and the speculations are relatively easier than the traditional markets. Because of these conditions, just the probability is lower.

We kniw that technical analysis is not a 100 percent reference. Now trying it in crypto may even bring that accuracy as a reference at 20 percent or below. Now if you think that is worth all the trouble as a reference feel free to let us know.

Yes, it works but not everytime. And as liquidity is very low, volatility is very high. There is also big manipulations with pump and dump groups and fake news to hype a coin.

In 2015 and 2016, the cryptocurrency PR campaign was quite strong. They talked about decentralization and the absence of fraud, but today we see a very different picture. Perhaps because of the disappointment of many investors and cryptocurrency users, the market has gone down.

Right now, TA is not good because of the market manipulation but I also believe it still works but still depend on your strategy and of course the market situation.

In cryptworld, is seems that news is very much important compare to the chart analysis. Newbies only depend on the hype, and don’t even know how to understand the price movements and the result is very bad for them. IMO, If you are serious in trading learning TA is very important so better not to skip the process.

In any case, the information space affects the cryptocurrency market, as well as all users of cryptocurrency. If deception only affected newbies, today we would have different results.

I think a little bit of Technical concept work on the crypto. One this is that it is somehow follow the forex pattern. If the market is bearish then it is fallen and fallen till some point and again it is move towards bull in a one way for the prolonged period time whether it is for 6 month or one year.

the analytical techniques that you do might help you to determine the cryptocurrency price movements and can analyze how movements when there are important events so there is no harm if you do good and correct analysis techniques.

This market depends from mood of usual people and I don't think that some algorithms could predict how many people will sell their coins or buy

It could not. But the algorithm can monitor the balance on their wallet and give us more information regarding how much will have sold by them all through use their transaction as the main thing.
As far as i know that can be it doesn't have high accuracy.

The market will depends on the actual situation and this will include on the mood of every investors. I don't think that a technical analysis will help in predicting the price movement. People are too emotional and hard to predict.
Maybe TA will just serve as history.

I think Technical analysis affect to about %30 cryptocurrency. Rest of Affect sides are speculations, good and bad news, big companys' and governments' explanation and subjects. We should follow more speculations than technical analysis.

In 2017, the technical analysis worked, this year it is not so. At least in my experience I felt that it became much more difficult to determine the market movements. Perhaps this is due to the fact that crypto market is very specific and general rules that work in traditional markets, do not work on it.

Any time in the crypto trading the technical analysis worked better but sometimes it go wrong because of some unwanted event or some better event. As in the present year many bad news came which dropped the price a lot and the predictors were unable to analyse.

Not really helpful but technical analysis can be a good guide when you want to see where it might break and when it will bounce back a bit especially if you use the fibonacci and RSI but it can't stand a chance when manipulated. The media news are just stronger indicator of where the price might go including the fudsters.

technicals will not help in crypto because volumes are less so going with fundamentals will be a good option

If we includes whales movement then technical analysis won't work easily at all, the bagholders can design the way where the market will be heading, even you workout harder with your analysis they can change the directions anytime they wanted, the market is still young and if the more and more
people will start playing and invest bagholders will be overtaken it needs more time but hopefully it will happen.

Correct, and that is what confuses people, they think that technical analysis should work 100% of the time and that is simply impossible, technical analysis is a way to improve your predictions about what the market is going to do and a way to try to profit from those movements, that is all, even if you can only predict how the market is going to move 60% of the time that is good enough to get profits.

TA is not last true. it work definitely, I agree. But we should understand that it work not in the extreme conditions. For example panic sell or close to this state can't be predicted by TA. But if we add cluster analyse or some mass psychology it can be more exact

In the cryptocurrency market, the factor of human psychology and not TA plays much more. And actually because of him, we now see the picture of the collapse of all cryptocurrencies.

Its very important in every market as you can possibly have a good trade without analysis but i think just simple analysis is ok to determine the market if you are just beginning thats why some are saying is not necessary. You just dont need to go that deep

Technical analysis does work but it is only as good as the person doing it so takes years of practice and learning to get better at it. Very few good analysts like Tone Vays saw  this huge correction coming in the beginning of the year and nobody believed them.

Many years of practice gives experience not deeper TA learning. And I agreed, TA works good but with some limitations. On the panic sell it don't work. And we should to distinguish such movements. A year ago it was enough simply to hold. But today market need smarter ways to get profit

what can be done with the market now? if I trade, I think the market is not good enough to trade because it moves slowly. I myself only chose to hold back the assets that I had instead of having to trade with a bad market like now.

No. I think technical analysis is not working in this market. Because this market is not an appropriate market analysis.

The way the whales work is not in line with the technical analysis. The technical analysis of the whales will not work. The whales are not going to act in accordance with technical analysis :D

sometime yes sometime no, depend on market situation, technical analysis will not always accurate specially at this time.
no body can know what happen next, but if not with technical you same like gambler, buying without calculation.

Doing analysis can really help you make a decision. But in the crypto world, it will be very difficult to predict changes in crypto coin prices. But with you study the seller's chart because you want to determine when the crypto market price will recover. Although this sometimes does not meet our expectations, it adds to our knowledge.

Technical analysis definitely works at this market, dont listen who says analysis dont work in this market. Especially I can suggest to you for learning moving averages, ma50 and Rsi are very useful for me.

I think that technical analysis does not work well in crypto due to small capitalization. The capitalization of the entire market is only 100 billion dollars and this is very small; large speculators can move the market in any direction. XRP a month ago doubled in just a few days. In which markets have you seen this? And this coin is the second in terms of capitalization.

today, all the usual actions and strategies do not work, so we must be prepared for the negative consequences of what is happening in the cryptocurrency market.

Technical analysis has its limitations, anyone that has took the time to actually perform technical analysis knows that, that is why becoming a successful trader is so hard, if making money in the markets was as easy as just following a few indicators then everyone will be making money in the market but since that is not the case then we can safely conclude that technical analysis is harder than it seems.

Technical analysis is only an aid. This is not a stock market. The new capital market usually takes many years to grow in order to have technical analysis. Therefore, I think that cryptocurrency market transactions are related to luck.

The first time I saw various analyzes and I began to be interested in learning them, but after understanding that the process was very complicated. I began to think graph analysis didn't work well. bitcoin only requires a few negative and positive issues so the price will change, I see that is a fact.

It is like 50 50 chances because some time technical analysis report goes well but suddenly when any big whales sells or buys then their will be change in market valuation apart from that most of the time technical analysis also work on it. But you cannot totally depend on it and trade, also analyse daily chart and see what pattern it is moving and trade according to it.