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the current market is very difficult to predict technical analysis there is no point in indicators not working well what you do to trade in a market like this

I do not usually use technical analysis or fundamental analysis to invest. I usually rely on the volume on a cable channel and judge the price of bitcoin and the other altcoins can increase or decrease in the next 2 days. You can join the group "Whale Sniper" to get more information.

Agreed, pretty hard to predict the outcomes of the market in the next 24 hours but from where i am one thing i noticed is that there is always a deep towards the weekends and a slight rise on Monday or Tuesdays (has happened in most cases) so i usually  buy the deep on weekends and exit latest on Wednesdays before the next drop... that's what i have been doing lately.

If you want to protect yourself do not sell at this moment because most of the whales are selling gradually it will move to downward so peoples are afraid in current situation. But I recommend to hold and buy in this dip because crypto market is not stable at anytime so as soon as possible market will recover in future.

Just like you said the market is really unpredictable and it's worse off this period as its even in its bearish state,there are really no concrete trends to hold on to,ill advice that the hodl approach to me is the most sensible thing to do right now, till there is considerable improvement

TA will still be working fairly well in this market, at least from what I have seen. You just need to use very narrow ranges and not be greedy. You'll be unable to pick buy points and aim for 20% or more returns, you'll need to be looking at a few percentage points only. For the majority of the year resistance/support levels have held for at least a few tests and so if you can accurately identify them on the first 1 or 2 you can profit.

in unpredictable markets its better to stay away because due to several impacts price will  be falling and we must identify whats the cause and then enter into trade   

This is a young and above all new market, Technical analysis will work more when there is more liquidity and capitalization.

What you have said may be risky in the volatile price market. Because the last stop is unknown at this moment and can cause a great loss for the new one.
With technical analysis it can be useful in short-term trade and I do not recommend you to use TA for long-term trade.

Long term TA will go out of the window very soon in the current market. If the price breaks below circa $3000 then who knows what resistance level it will end on. I wouldn't advocate using TA for long-term trades either, but short term it works just as well in a bearish market as a bullish one, perhaps better in terms of accuracy, just not quite as well in profits.

You make the same title with this topic : https://bitcointalk.org/index.php?topic=5078913.0. I suggest to make a different topic tittle to avoid plagiarism case.


Yes, you won't get definite indicators for analyzing the market trends. You must use your experience or follow the experts tips. 

New trade trends have emerged and I have difficulty predicting the market. small and fast fluctuations often occur and this I often use for daily trading with 2-4% profit and this is still profitable. fundamental analysis is more technical than it is now, so listen to the best news for the crypto benefits you need

It’s always difficult this time around, but just buy the dip and wait for the whales to return and pump the price. The price is already down right now and I believe this is the lowest it will ever be this year. Don’t know why it hasn’t entered bull yet, but ETF will be approved next year, maybe that’s what has been delaying the price from going up.

maybe choosing not to trade right now is a good choice. The current market conditions really really make us have to think hard where prices are getting down and down every day because of the downward trend in Bitcoin which has an impact on altcoins.

If we want to do swing trading , in my opinion this is best times to buy more good coins that has strong fundamental like XRP, LTC, TRX and then wait for a few month and do not forget to use stop loss about 10%. And for day trading we should be to do trading by use technical analysis and take profit about 10-15% pertrade with stop loss 5%. The crypto market already long times in bearish trend and  after that will be side away for a few month and then start for bullish again, i beleive that because bearish and bullish is crypto market cyrcle.

If TA is not working then the best option right now is to go long and look for the fundamentals. I assume that TA is no longer applicable at the current market situations because it's either people do a lot of day trading or people just stay away of the market and doesn't want to take risk at all.

For me, the best approach is to look for price volume trend. What I am doing is that  I look for a coin that has high price volume trend with positive growth percentage. Also look if that percentage happens a while ago or long time ago because it will dictate if the growth will go on or it will decline later.

I think will be easy if we see the trend of Bitcoin and others crypto by use TA  in times frame daily, so will be more easy to to predict the trend. In bearish trend only by shorting the price in margin trading we can earn profit. Whatever the condition of market, we will always make profit if we understanding the trend. Prediction is never always right so we have to use stop loss to mininize the risk from wrong trade.

The point is there, if you have a strong foundation which you already gained from this market, using it to assess the condition will bring you advantages to sort and make a proper call, volatile market needs to be analyze deeper, putting stop and loss if you fully understand the trend will lessen the risk of your investment.

Depends on your knowledge of the working of indicators.  Technical indicators are many and there are some that can still predict the market accurately.  Cryptocoins market is in the downward trend and that did not mean that some indicators are not showing signal on why the market is down.  We can see some candlesticks formation showing weak market and low volume.

the trend is always changing, it can even be said to be very fast changing, along with the price of the crypto currency itself, including bitcoin, sometimes these coins are not always a trend in the market, therefore doing our trading must be more updated in information related to bitcoin

it depends to the trader if he/she want to sell her/his cryptocurrencies. If you have enough knowledge about trading then it will be easy for you to make some decision during this time that the market isn't in a good condition. We can't blame those people who is afraid in the current situation of market most of them are afraid to risk and we can't literally avoid that.

It is quite to understand how the market behave any time and so we can't speculate the right trend  it have in few minutes. So everything must be prepared and to be prepared for any losses might happen along the way. But we shouldn't be discourage and even thinking of quitting cause we eventually get it somehow.

I'm usually predict using MA 100 & 200 indicator for long term investment because IMO, most crypto are great for long term investment.
The result of my TA is MA 200 greater than 100 which mean the market still not recommend to invest in.
But I can't say for sure because we all know that crypto is unpredictable !

we don't have any other option without trading in this type of situation also if we don't want this income then you can get out from this field but most of the traders will need money at all type so we need to face any type of situation and make money.

In my opinion, technical analysis is work better in crypto trading especially for coins that has high trading volume. Use  Price pattern and candlestick pattern to predict the price  is more accurate in swing trading.

Technical analysis do really need on this kind of industry, where money value involve patterns should be traced and tracked according to charts. Cryptocurrency with high trading volume is lot easier to follow the ups and downs unlike the uncommon ones present in the market. As for me i dont trade low volume coins because of low volatility and the price might just stay stable in a long period of time.

Profit and lost is part of trading and I think that every trader know it better. Now it is up to him that how he can manage his trading activities, from where he can bring some good ideas which can be helpful for him in promoting and getting profit from trading.

He need to study the market regularly, should get help from their expert friends and should always study different sites from where he can also get good information.

The technical analysis will not the only important reason to get good trading and also fundamental analysis are very helpful for it read it to read properly and get income also been fundamental analysis something to trade easily.

The candlestick pattern is a way that should be understood in trade with patience that is owned, so it allows traders to be able to make good decisions. So, whatever the trend is going on and when a trader understands each indicator on the chart, they will still remain calm with all the analysis they have made.

That's very important compared to those having no reference, and it can be compared to battle like no having preparations likely to loss in due to such reasons. If we're trading we should be equipped with enough tools in order to win and have our gains. All fundamentals should be applied, and enough focus and perseverance will always be there so that we will become successful.

If we want to win, we should have to work for it and may sacrifice sometimes. Mistakes and failures will have to come along but we can minimize if we carefully analyze every move we made and stick on the plan.
TA is very important as it is our basis for our plans and strategies, if we don't have this skills, it definitely we've got nothing instead of losing our funds.

You can always step out of the market temporarily and wait until things settle down a bit more to the point that you're able to trade effectively again using your existing strategies, or test new ones with smaller amounts of money and put more in gradually if you find they work out. I've seen plenty of people step out of this market in the last few months, especially leveraged traders, as there's been plenty of stop hunts and frequent large red and green candles that have been plaguing those with high leverage as of late. Nothing wrong with taking a little break.

I think its not since the market is more volatile that it becomes more hard to predict. TA is more on accurate in stock market but in cryptomarket I think its not. Though of course traders must still use TA to help them on their trading decision, if the trend like his is too hard for you then better to hold.

You're right with what you said about the candle stick but crypto currency market has gone beyond relying on the pattern poses by the candle stick because the good news about upcoming event in the crypto sphere also need to be added in other to achieve a tangible result.
This was the strategy applied by someone acouple of days back and he end up making huge $$ in few days.

Actually technical  analysis is very usefull if we see the historical price in big times frame. For example look the price action in weekly chart of Bitcoin  price,  in that history we can see trend of Bitcoin price already bearish and bullish many times but when bullish the price is always go higher percentage than down. We will see another bull market for sure,  and to get better profit choose only good fundamental coin to trade or to invest.

I personally don't work with prediction of technical analysis from diverse exchange, I just remain on one exchange and watch the chart flow for hours and see how the trend is then I jump into the for a short period of time switching between coins and back to USDT in order to make profit. My strategy has been working well for me and i think you should try it out too.

it's true that if you want to trade that works well, you must use both analyzes, because it's very important for our trade to be able to quickly succeed later

I'm not a fan of technical analysis specially for sure term.

If I'm going to trade today, then I will just look at the current price and jump in when I see fit and get out and book a profits.

Although the last couple of days is not good to short because the price seems to really pick up and it's hard to make money by shorting. But at the end of the day, if you doesn't feel comfortable then wait till everything settles, before getting in, instead of pushing yourself with technical analysis that doesn't work in short term, just saying.