Bitcoin Forum

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!

Technical analysis works very well, but cryptocurrency is subject to strong manipulations. if many technical analysis traders expect growth, then most likely those who control the market will lower the price down

IMO, crypto prices are affected mostly by news. Fundamental analysis seems to be more applicable to crypto in this case. I often read technical analysis for reference and won’t make investment decision solely depend on technical analysis.

I think no one can assume kada will go BTC after this or that manipulation. As it seems to me, the market is now strongly manipulated. And there is no working technical analysis to accurately determine where the BTC price will go.

i guess that all of your suggestions may have a point. and i think we should consider the fact they can too make mistakes. whatever the reason is however, i invite you to use your own brain which can help a lot

The analysis technique did not work ever in cryptocurrency world. becouse nobody know what in whales minds.

It is difficult,in General, to analyze something,you can insight to get a large IGRAC,and stupid for a week before the news start to pour, or to raise,here, there are hundreds of options as they put the players and the money out of weak hands,and see in General what's going on,many of the major projects slipped prostov 10 times

technical analysis working on classical stock markets unfortunately does not work properly on crypto money markets. That's why I hardly give this kind of thing a chance. You will be more profitable if you do my research and invest in the projects you like.

Well, it depends on the users itself. if you are using it as a tool to predict the market and as a guide to make your trades.
It will not work, because the market is always moving out of our expectation. But if you are using it as a tool to set or to limit your resources, it will work.
compared to blindly choosing or using all of your resources, using TA as a tool to limit your financial is a good choice.

Analysis will only work if is allow to work.Crypto sphere is full of manipulation and such case is difficult to make successful prediction.

The same way you have found analyses that suggest that bitcoin price will rise, you can find other analyses suggesting the opposite. At the end, these analyses are just predictions, somebody puts the focus in one point of the chart and tells you what he thinks will happen, sometimes they get it right, sometimes they don't, that's all.

Analysis works by taking the past events and projecting them into the future. Since Bitcoin is such a novelty and every year is different for it we can't really use TA here. I asaw people compare the previous bear markets and they were all different. Like 2014 bear market was the longest in Bitcoin's history. What does that tell us? That bear markets are getting longer? That this one will be at least as long as the previous one? We don't know that.

Analysis do work but this is just the market has been very unpredictable nowadays.

The market can't be predicted accurately these days due to the movement of bitcoin and we don't know what's going to be next. But if you are taking a look at the news, you know that its one reason where the market is depending and by next year, everyone hopes again that it will be good as the same.

I think that it is impossible to predict the behavior of the cryptocurrency market, because it is manipulated by large players as they need and when they need it.

I thought that the miners being so easy to mine bitcoin and that gives a huge impact to the bitcoin. as far as i know about the fact that when you are seeing that and bitcoin looks get another dump by the miners to build the big mining rig to hash war.
TA is not working anymore. Just prepare yourself for the next waves of bitcoin in the future and i guess we will see bitcoin worth 3k it should be the last support for bitcoin.

In view of the present of the market I.e market manipulation bitcoin had defies all sort of technical analysis breaking all forms of support zones thus becoming a nightmare for traders, I belief the present market conditions had become  terrible as far as trading is concerned my best bet is to take a break from trading although some good traders had capitalized on the market conditions thus shorting thus taking profits regularly.

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'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.

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.

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.

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.

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.

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.

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..

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

Should I sell a crypto now?

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.

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.

On that market, I would not sell anything

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.

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.

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.

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.

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.

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.

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.

       Analyst and expert predictions are base previous trend and not on actual so it's not a 100% probable that this can be happen next like of what's happening  of the market , so if you listen to prediction please do not follow their suggest to avoid big loses .

It is still working, but the outcome depends on how you interpreted and utilize it. You do not use technical analysis directly. When you have such at your disposal, you also need to look into the market, instead of using it raw, make your own deduction,compare the two and utilize it to your advantage.

Technical analysis is useless if you will see the obvious damage of this crypto market. For the reason of different kind of loss , due of lack of experience and knowledge is the main thing why many of us failed on investment and etc.

The best thing to do is to be more careful than before, also mark those names and account who has a bad back ground. Stick on trusted groups specially on telegram and many more. For this, the scam group will be lessen and the loss will lessen too.

of course the analysis is good, but it is more good when it can be applied in the work and it also helps a lot at the same time.

Basically the analysis techniques is always function correctly, but you also have to look at fundamentals because they cannot be separated. As most members say here, market manipulation can also be a major factor why Bitcoin prices continue to fall, so don't ever assume the analysis technique doesn't work anymore

There were people who were quite good. I saw a chart on tradingview of a guy who posted said that we'd hit 4000 dollars 6 months before it actually happened. The only part where he was wrong was that he thought it to happen in September, but it was still pretty accurate. TA usually doesn't work. It's a way for people to make others think that they can predict something. They pick a most probable scenario and if it doesn't go their way they make another one. If it goes their way they brag about it everywhere. THat's all there is to it.

if a bearish run has occurred, it will be very difficult to predict how long it can stop, any candle in any timeframe will not make a good pattern to buy. moreover what happens is almost all of the coins, it would be better if it did not fight the trend, because later it would be in vain. just wait until the trend down stops

Technical analysis cannot give a definite answer, the market speculation only based on charts and factors that influence the market.

market prices are difficult to predict, in general, the market will be bull, but we never know the exact time it happened.

They are trading based on the emotional right now. I don't even see any traders that use TA because that will not work when you meet the panic market. Their emotional being controlled by FUDders.
This was happen in so many times and they are still not yet learning from their past experience about this trend.

I think all work very good. But there are a lot of options like skills and interest of analyst and also fundamental news and manipulations have an influence to the cryptocurrency market.

a lot of people are saying the analysis was simply a form of speculation only. everyone can do that but will either be a reality or not. which is better is how to survive and produce in the crypto conditions at this time. Don't be easily influenced by the article that it's not even true.

With the market condition of cyrptocurrency, even a prediction created by the most expert in crypto, it won't guaranty a match in the prediction.
That is because cryptocurrency market is highly possible for market manipulation.

Many predictions are not in line with expectations. Better in the current situation, we must try to invest to make a profit. Some of the best coins are very low and you can buy them. If we look at the sales charts, the price of coins will definitely rise again.

If it is only viewed from the opinions of others and would you call it then you are wrong. It is merely a prediction only and is not necessarily true. technical analysis is how to read graphs and charts that are there and it's not easy. even before that for a greater emphasis to fundamental analysis prior to the beginning and to take a decision.

you do not need to listen to analysts, it has already been proved that it is impossible to analyze, I have come across this many times, so I do not pay attention to it and continue to work in promising projects. Here is an example of #swachhcoin. The project will pay people for their trash. At the moment, the bonus is 25%, you can buy coins by the end of October. I advise you to see the project.

I think now when the market is falling these analysis techniques aren't working as good as on usual market. My view is that only fundamental options can affect on the market.

the results of the analysis are only predictions, not 100% correct, we actually have intuition to feel. and use that feeling to claim which analysis data is the most correct

This is all down to the massive panic in the market. Technical analysis for market movements at this point in time is totally unreliable and could cause you a lot of money. The FUD is real and its only going to get worst before it gets better. At the moment, the only advice will be to pick up some really good coins and just hold until things begin to move upward again.

We will have recovery for sure, but we won't be mooning soon! A lot of people lost faith in crypto, and it got bad reputation on all mainstream media. I think we will recover first and than have to wait for some hype, maybe bakkt, bat that is delayed. After that maybe, and maybe after the btc halving, but not in near future for sure...

Experts are failed to predict bitcoin value in this current bearish trend
It doesn't meaning the scenario is affect of many reasons manipulation or fake news and anything
I think i think bitcoin price not came from speculation and technical analysis
Bitcoin move itself as volatile currency