Bitcoin Forum

Hi I was wondering what the general consensus was on the use of technical analysis in making long term investments. I know short term day traders get allot of use out of it but if I'm investing in a project based on fundamentals does the technical analysis matter?

If you believe in the fundamentals, technical analysis would help you to find a better time to buy to maximize your gains.

But many people don't think it works.

Personally, I have had a few success trades. TA try to predicts human behavior statistically, not the future.

Computers generate a fixed number. Human beings can randomly generate numbers, technical analysis can be obsolete if anyone can dump the coin to zero.

Yes it matter. Technical analysis gives you an edge in trading. Trading in long term and in short term is applicable in technical analysis because it has already been proven by the Japanese in the past years. Also, there is nothing wrong in learning more because it is not a waste of time. Try to search about the applications of long term investing in technical analysis, I am sure there are many.

Using that technique for the long term is also necessary, but to invest long-term you are quite calm me, because you simply sell it every year when the price raises high, because we understand that bitcoin is a bubble and do not let it down again sell it when the price is at peak.

I think the technical analysis is purely theoretical. If you apply the technology to the actual situation, it will have a great impact on the investment digital currency!

If the digital encryption currency has a strong technical support, the future of this coin will not be bad!

Wholly worthless and, to a long term buy and hodl investor, irrelevant.

For trading, TA can give you an idea of the upcoming movements on the market as well as information that you can use in your trading strategies, so overall, TA isn't vital but it can be a very useful tool for traders. On the other hand, if you're just planning to invest in X cryptocurrency, especially long -term, you shouldn't bother reading technical analysis.

Technical analysis gives you an idea of how a future currency can behave, but what really matters in long-term investments is fundamental analysis.

Also another question is how long is the long term investment, assuming it will be years. If you are planning to do cost averaging yes it will be useful so that you will know when to buy, getting the cheapest price on that  period is essential to maximize the profit. If you are planning to buy one time and hold it for a long time like  ldah94 mentioned fundamental analysis really matters because technical analysis will just give you when will be the best time to buy.

ta is useless because everyone uses hindsight-curve-fitting which is, well, useless. sure, you can make up some head shoulders knees and toes or some cup and handle kettle bullshit, but in truth the bitcoin market makes movements based on news (mt. gox, bitfinex, ln) and nothing more. ta only accounts for micro-short term movements and can never account for the big moves. so yes it is virtually useless unless you like gambling on 1m or 5m candles

Technical analysis is very needed to know when we should buy and when we should sell, even before you start invest in cryptocurrency is very recommended to know about technical analysis first, if you don't know about this may be you will loss your assets, like we know cryptocurrency is very fluctuate sometimes the price go down or go up, we never know when the price will be go up or go down, but by know the technical analysis we have an forecast about that's coin, though that's not 100% correct.

It maybe works in normal markets not crypto markets. Why? Because most traders in normal/common markets follow technical analysis, thats why it works :D, in crypto people dont care about technical analysis, thats why it doesnt work at all.
Don't waste time for it.

I generally began to think that there is no interconnection between technical analysis and the course of the Crypto-currency. Absolutely unpredictable

TA = hardly useful at all here

just research find real dev teams with proven track record and software that has a usecase and nearing completion.

or take your chances and try and hop from ico to ico and play the greater fools odds you'll probably lose unless you're and insider since greater fools are tired of getting burned hard.

Real technical analysis is necessary once in bitcoin investing. start we buy BTC and till we sell that BTC. we must analyze it all. if there is no technical analysis we will certainly fall apart in preparing the plan.

Just think over that You`ve posted here and can confirm that You have very aptly said about the useless of TA in the custom way. Cryptocurrency market needs its own TA that will basicly consist of many factors and have to consider the market move overall as well as the detailed analyze of the propper currency that is chosen to invest in.

Also will be good idea to make once a blockchain ICO project that will store and provide on the paid basis the information about all the devs and other team members of all other blockchain startups that were held before!

Of course, technical analysis gives you an understanding of how the market will behave, you will be able to find favorable entry and exit points! Many, for some reason, don't trust the technical analysis and they think that the cryptocurrency market is unpredictable. I don't think so.

General notion of people is TA is vital for long term hold but based on my experience using technical analysis in long term investment is not that very significant. TA only matters in long term hold during entry and exit of investment. What really important in that strategy is the correct fundamental analysis. When you do it right it will give you edge on successful investment.

Technical analyze is just about data ( number ) from valid source, from there we can predict market direction, value and trend that might be happen in variation time period. Before start you should search from where you should collect data, if you get wrong data your analyze will give you nothing. Fundamental depend news ( information ) you can predict how market reaction and the impact after news happen. Technical/ fundamental analyze is good as long trader/ investor understand how it works and still give them income. Those analyze can use together and will complete each other. Matter or not depend how much profit do you get, I believe you know that.

in my experience I use TA analysis to determine the target buy and sell targets and when to stop loss
the fundamental is to make sure our prices will rise or fall but we can not determine where we should buy and where we have to sell
so I think the fundamentals are the most vital influence of trading crypto because bad news and good news is very influential on the price even though the chart says another

Technical analysis aren't that important when it comes to long term investment decisions. You can go through charts and can analyze that in long term Bitcoin and other large cap coins with greater than 2 years of historical data, that they all are bullish. We are still in initial phase of cryptocurrencies, this means that if you invest now, in long term you are going to have profit on supply and demand rule. But do make sure to invest in bear phase. Don't invest out of FOMO at ATH.

Yes, technical analysis is vital, because there isn't any other way to analyze the market.

Some people say they're using fundamental analysis, that's impossible.

You can't use fundamental analysis on Crypto because it doesn't have a real world value. The whole point of fundamental analysis is to analyze the factors that are 'fundamental' to the value of a Crypto to discover what it's true value is. But Crypto doesn't have a true value, at least not yet, meaning fundamental analysis is useless.

The people who say they're using fundamental analysis either for trading or investing - because they same concept applies to long term holding too - are just making guesses, and non-informed ones at that. There's nothing they can analyze to determine what Bitcoin or any other coins value should be, because again.......Crypto has no true value.

Yes, of course, the technical analysis works the same way for long-term investments from the investors and it has the same accuracy and the analysis is done in the same manner just you need to adjust the technical indicators parameters and the timeframes of the charts, other than this there is nothing to change and worry about. Technical analysis matters a lot for me and I think it should matter to you also.

I doubt if technical analysis are of much importance for long term investments, fundamantal analysis more important for such in my opinion

I think it is not vital for the long term investment but it is good before buying the coin for the long term but I don't think it is easy to predict future of coin based on analysis.

Technical analysis may not work perfectly in bitcoin because price movement is more dependent on the news and not on the chart analysis. Yet I still prefer charts because one can predict the future if he knows the trends.

Technical analysis of the crypto currency market helps not only with short-term investments, but also with long-term investments. If you do not use technical analysis together with a fundamental analysis, you will never see the situation completely.

To some extent yes in bitcoin that doesn’t work so good but I think that is still important task to do. If you don’t make technical analysis of what you have taken with you then this existing stock is even on stake. This can be under dangerous circumstances. So make things better for what you have tried for. This isn’t much difficult to do. Just get some technical calculations and things are done.

Some technical analysis won't work as expected by others who doesn't yet have trading experiences. But with the current situation of the market now it's so difficult to determine. Maybe our analysis with the graph trend was just references, due to reality always speaks how the actual movement will somehow prevail all the time.

Technical analysis has got different views all the time and they do keep chaining person to person analysis as well as time to time analysis. The cause for this is simply its volatility which plays major role in the game. I mean many times people predict technical analysis through different graph references, data interpretation and most importantly theories. All of them changes the way they predict the TA and thus it gets difficult to trust anyone of them. This is just my take on this subject and whenever people say TA then I always run away.

I think public views and opinion or hype and worlds adoptation or new supporting or not a particular coin is far more important than technical advices

Truly it matter. Specialized investigation gives you an edge in exchanging. Exchanging long haul and in here and now is material in specialized examination since it has just been demonstrated by the Japanese in the previous years. Additionally, there is nothing incorrectly in adapting more since it's anything but an exercise in futility. Endeavor to look about the uses of long haul putting resources into specialized examination, I am certain there are many.

For me technical analysis aren't that important, just saying as an investor for long term.
But in the fundamentals, technical analysis would help to find a great time to buy.

Technical analysis may help you decide whether it's a good time to get in and invest. But still a good research on the project may give you more hints of what to expect and when.

In my opinion, technical analysis is absolutely vital irrespective of whether you're looking to buy or sell coins or even when looking to invest or participate in any way in ICOs. But its also not the only task to do, thorough research on the topic is also just as important.

The technical analysis is mainly based on historical data but crypto market is too young to have big enough historical data so the technical analysis (TA) is not so useful as many traders think. Besides there are some other reasons why TA does not work well I mean the lack of enough liquidity and unperfect competition which are mandatory for making a correct analysis by using TA. Moreover in some cases using TA is absurd, of course, I mean new coins which cannot be analysed by using TA at all because you do no have any historical data about them. Anyway you can try to use TA to get your own experience and understanding how TA works and only in that case you will understand whether TA is useful for you or not.
As for me, I do not use TA because I consider that TA works well enough and quite stable just only on big time frames but this type of investment is useful mostly fro long term investors who are ready to wait for a long time and use the strict money management.

There is have two tipe of analysis in trade and they support each other. If you just work with one of them, I think that is just like run with one food  ;D . Although you has been decide to take a long term trade, with TA you can decide to take good time to start with buying at a very potential price. And than you also can take good time to sell when you want it.

I don't put any value to technical analysis. With this you can really prove anything.
But like always, some are fan and others (like me) dislike it.

Depends on your strategy, if you are going to hodl, it is not vital. Fundamental analysis is

Technical analysis is very helpful. Trading in long term and in short term is relevant in technical analysis due to the fact it has already already been proven. And we must obtain the science of specialized analysis

I feel it is highly over rated... crypto is an immature market and needs better fundamentals and a large base for these to have good analysis. :)

Depends on what you use it for. If you are going to start daily trading than you may want to learn about the technical analysis, however know that even than the market can suddenly change and you may stay holding yourself and looking at the charts like what the hell happened.

Moreover, most of the time if you are going to trade something inside an hour than you need to check the charts and look at the indicators to decide whats going to happen. However if you are going to invest a bit longer term than daily than you do not need charts, people may think they do need it on any other investment however in crypto world there is nothing that can be read on any chart that can give you the direction in couple days, it just swings so differently and so it can change anytime.

Technical analysis will not secure your profit but it will definitely give you an insight to the trend and the direction of where the market is heading. Technical analysis is a tool needed to use in trading and investing profitably.

this is a stupid question if you are investing by a mere fundamental analysis your just gambling. technical analysis is made to know the probability of profit your trading it. if the technical analysis sign shows that you should not buy, then don't buy even the fundamentals are good.

Technical analysis is very vital and important in trading as with proper understanding, you will use technical analysis to trade profitably. Technical analysis is very important in trading. That is what professionals use to do their trades.

Of course technical analysis is very important tool for experienced trader, but in my opinion it can provide maximum profit if it is used in complex with fundamental analysis.

You know that fundamental news has least influence on the course of the crypto currency. Technical analysis is the main way that I trade on the crypto currency market. Just you need to choose the Daily Timeframe and analyze it.

Technical analysis can be read for general development and development of the brain, but TA is not applicable when trading with crypto-currencies.

This is true which does simply mean it would depend on how you would trade up either shorter term or longer term aspects because technical analysis would really be needed when you do engage on short span of time even though we do say that these things aren't anytime effective but somehow it can help out for you to presume good entry points when you do make shorting. Volatility would either be your friend or worst enemy as long you can sustain up and benefit on movements of prices then it should be fine.

Technical analysis is very important. But I think that during this time technical analysis cannot help us make money. I am a technical analyst. I have analyzed that Bitcoin's price will increase to $ 9500 in September but now it's down to $ 7500

Yes, technical analysis is very important and requires people with extensive knowledge of chart analysis. I do not encourage a newbie to use technical analysis for trading. Because they have very little experience in this field

I wouldn't use technical analysis in long-term, I would prefer using fundamental analysis
in long-term. Technical analysis is great used in day trading.

I think traders always use both techniques of analysis, whether technical or fundamental. This also depends on the conditions as well. Because sometimes there are also situations where it is difficult to use technical analysis, but it is easy to use fundamental analysis and vice versa. Long-term traders usually use technical analysis and short-term use of fundamentals.

I usually follow and take note of the technical but I do not rely on them when I trade.  Crypto is a emotional roller coaster.  When the fear and greed kick in people are going to make irrational decisions which cannot be detected by a chart. 

Technical analysis is very important if you are a trader during the day. Day trading will be profitable but it requires more knowledge.

Yeah technical analysis is not any guarantee that you will definitely profit from any kinda project whether long or short term, even it day trading thing can go opposite to your analysis results. The reason is that there are a lot of pressures in the cryptocurrency market, like you can't do anything if everything is going well accordingly to your analysis prediction and then all of a sudden the drops. We saw such a drop approximately two months ago with the BTC price. Where almost all the technical analysts were shocked when the price dropped because according to the analysis the resistance was going to be a support for the price rise, unfortunately thing went totally against these analysis.

Technical analysis is very important in trading business. It makes predictions and identifies trading opportunities by analyzing statistics gathered from trading activity such as price movement and volume. With technical analysis, one will be able to realize when is the right time to buy and sell cryptos.

Very vital, important. It obviously doesn't guarantee you profit but it leads, points to the path of profit, technical analysis proffers insight to a case study. It tells you what to avoid, allow or throw in for. It helps your prediction. Without it you will be doomed for constant failing. so either long or short term, such analysis should not be avoided.

I learned trading in different asset,  like forex,  stock,  indices and crypto.  And i found technical analysis is work better in forex, stock and indices trading, and not really work in crypto trading.  So we have to learn more about fundamental  analysis before put money in to crypto asset.

Yes it matter. Technical analysis gives you an edge in trading. Trading in long term and in short term is applicable in technical analysis because it has already been proven by the Japanese in the past years. Also, there is nothing wrong in learning more because it is not a waste of time. Try to search about the applications of long term investing in technical analysis, I am sure there are many.

I think in all trades it will need a technical analysis, even though Crypto has a higher level of fluctuations so luck is also needed,
but technical analysis is also needed to see what will happen to the market, so that it gives an idea of what you have to do

in investing for the long term, you need to need good analysis, but you can also buy good coins for purchasing coins.

I don't believe its vital but it is very important.  Patterns do happen and they can be useful to know about and follow.  It takes a ton of different techniques to pull off an effective trading system. 

I agree with you . Technical analysis is not compatible with Cryptocurrency because the market is heavily dependent on news and we can not be certain of any investment here. If you choose long-term investment, you just hope and no basis can prove its worth. I personally only invest in Bitcoin because I love Blockchain technology and its ecosystem

Technical analysis is more productive in my opinion than fundamental analysis. I trade crypto currency using only technical analysis and it's quite enough for me.

That's quite true. Technical analysis works in all other markets but not so much in the crypto space. When it comes to crypto, It all boils down to fundamental analysis and the hype around a project. A positive or negative news can change the position and price of any cryptocurrency in just a matter of time. You'll dedicate a lot of time doing analysis only for a  news update to make it go sideways.

Technical analysis is more profound in forex and stock markets. Recent developments are showing that the cryptocurrency market is governed more by fundamentals and not technical. However, technical can still work sometimes.

Fundamental analysis is better in cryptocurrency. All you should do is analyze it at the time. ''If you are reading news from newspaper, you are now late''.
Technique analysis is also necessary tool in trading. But in crypto it can be much different than expected.

I think technical analysis is also still very necessary to do in trade or investment in the long run, because technical analysis can also help see prices in long-term trading.

Of course yes. To become successful in a trading business technical analysis is very important. It makes you evaluate and understand the movement of prices in the market and observe the pattern to have an opportunity as when to buy and sell coins to be able to gain profits and avoid big losses in the long run.

Yes I also think that technical analysis play important role trading, but for effective analysis it is important that you must have good experience in trading and must have already spent a lot of time in trading which can enable you to give a good and effect technical analysis about the market.

Don't rely 100% on your fundamental analysis,
reinforce it with technical analysis

Any analysis is important, you mainly analyze them correctly, or follow the trend of coin growth will make you successful.

It's always recommended to look at the graphs and see what tendency do we have. If the price is far from all time high it might be a good moment to scoop some coin. Technical analysis won't give you a 100% prediction however.

The major role of Technical analysis is to point out accurate signals when to buy or sell but fundamentals is the major mover of the market while  TA is also crucial in taking the decisions of course using price actions with a few indicators as a support whether long term or short term trading is very important.

In my opinion, technical analysis is important for good investments before buying coins. This is very helpful in long-term and short-term trade relevance in technical analysis because the facts have been proven.

It's vital to tradings of course. It might lead you into a good trade thus, leads you to trades that might give you shit :). I became part of a signal group in which it lead me into shitness in life :). Sorry for the word but that's it lol.

I think technical analysis works but only sometimes, you may use TA to enter a trade and all indicators will be looking great and then suddenly some news about a hacking is posted on some website and suddenly everyone panics and the price crashes. Most crypto investors are weak hands and relying on their behavior to make investment decisions is dangerous. (TA is a measure of past human behavior)

Technical analysis is certainly a vital thing, I don't dare to trade if I don't master good technical analysis, with technical analysis, I am confident when trading and certainly optimistic to get profit.

Having technical analysis knowledge would really be a helpful thing even though it wont really give guaranteed accuracy but would really be worth for you to have these things because you can have your own analysis or basis on each order or trade you would made rather than on just relying on your intuition or luck alone on doing it. I would say this would really be vital and I believe most traders do still need to look up on charts on when they would set-in.

it depends on what you're looking at, from my perspective I think that market situations repeating anyword they're cyclical, so if you learn fundamentals and master your trading skills aka recognition of those situation with different triggers, so that will be huge affect on your profit, sounds logical right? Btw I prefer ICO investment and I'm constantly searching for good projects in this field, found interesting one - Kelvin Blockchain, have you heard about this one?

I dont think that technical analysis can be great help as the way you are describing it here. Number one reason is, technical analysis not perfect analysis of whats going on in the market because it is more or less lacking the fundamentals of crypto market. By definition fundamentals would include stuff like different news, updates, project developments, team progress and much more. I think this is surely will tell more accurate data and that is why technical analysis can be second priority or at least that is what I think about it.

I don’t think it is vital. Though we can get help from this system but totally nothing we can get in the conclusion. Yet it can be helpful for those who make day trade or binary trading. This is some computer version number which has some critical to understand for some people. It is no need for those who are intelligent in trading. They think it is just a waste of time. So I can suggest you please use your own brain first to take any decision.

all the factors that you really need to consider as supporters in determining your decision, market analysis in my opinion is important especially if you trade in the short term

it is very important, the analytical technique is used to get a good and convincing investment place, I am optimistic if the investment place that has good potential will be scrutinized by big investors so that when their investment profits can be obtained. so analysis techniques are very vital.

I know some guys that are highly beneficial from using the technical analyses but they all are saying that this is really hard to perform and you need to be well educated spend many time on researchers.

Technical analysis is vital and powerful. However, fundamentals always override it. From my experience, technical analysis only hold in the absence of fundamentals.

Technical analysis is very important to know how price is moving per time. This is very vital in our trades if you want to be trading cryptocurrency for both short and long term.

Some good traders are against this technical analysis. I don’t know their point but what I know about trading world and investing techniques, I think the biggest challenge for a trader is understand market and pointing out pin points where turns could be supposed to happen. Technical analysis actually grant you big chances to pin point that group of points that are leading to a life changing experience.

But in trading it is too much important that you must have good technical analysis. We need to get  the expert opinion study about the interest and trend of the investors, that either they will continue investing their money in bitcoin or they are going to divert their investment from bitcoin to somewhere else.

I would say yes, buying btc when it was overbought vs. buying it at 6k yields you a 3x bigger return in the long-term - and that's something that TA could have helped you with

yeah i think technical will work, but you need fundamental too, to make more gain from your trading.
some people think technical is a bullshit, but i think isn't. if you know about technical already, and yeah maybe technical will not accurate 100% but it better then dont use it at all.

In most cases, technical analysis is the most accurate way to analyze crypto. So in order to make a profit in this market in the short term, you need to know technical analysis. Also you need to learn about trading psychology

Yes, this is true. However, you must agree that technical analysis is a complicated stuff for many people, especially for the beginners. You have to spend many months before you start to understand it.

In some situations, technical analysis can be even more useful for Bitcoin than for other assets. Because this market is very dynamic news flow and high volatility. In addition, a series of the largest highs and lows in prices on the chart underscore the mood in the market. As the experience of previous years shows, price changes in the digital currency market can be very powerful. Now we can say that Bitkoyn's course is highly dependent on headlines in leading media and crypto-traders often make decisions only depending on positive or negative news. Therefore, a "technical" trader has a chance to react more carefully and independently of others' opinions.

I think that the technical analysis vital because in any case you can't succeed in anything without the in-depth analysis. To my mind, it is crucial stage of anything you do. I think that you should analyze things before you trade

I have no doubts that it is necessary to conduct an in-depth analysis because it is really helpful. you need to conduct it before taking any important decision which may influence the success in the market

Any analysis is important, however, if we know how to take advantage of the opportunity, the analysis will help us choose the right potential coin.

It's extremely difficult to apply technical analysis to crypto markets.  The cryptocurrency market does not correlate with the stock market trends.  This market is highly manipulated by whales so a lot of the swings don't make any technical sense.   I know its cliche, but the best investment strategy for 95% of people is to simply buy and hold.

Fair points, but obviously having some prior knowledge on the technical analysis may come in handy, irrespective of the market manipulations.

It is not the only vital part but it also can't be not cared about. You do need to check the technical chart analysis and it is a really important part of the puzzle but you also need to check the news, check the development, check the team, check the historical prices, check the community, check how hyped people are. After all of that and only that, you can know for sure if the coins is a true proper coin or not. You can assume it will have shorter term results with chart reading but that is only giving you one piece of the puzzle, you need all parts of the puzzle in order to really see the whole picture.

If you're referring to your long-term trades,
then fundamental analysis would the best
type of analysis to use

In my opinion, technical analysis is very important for short-term traders, or by day. It helps them to better identify the zone they can take advantage of to make a profit. Of course, if you are a long-term investor, choosing the right time to embed will be the most important factor.

This is very vital and important when it comes to trading cryptocurrency or  anything represented on the charts. Technical analysis is important when trading any commodity and a good understanding of it is a very good skill to have.

Yes it is,  the techinical analysis is a process that gives more reliability that your decisions are aline along to the goals that you have and you will obtained a reasonable result for your own benefit.

Technical analysis is essential for any trader. Analytical, assessment, and updating skills are often more effective and rewarding. Sometimes, visualization can also be profitable, but that ratio is somewhat blessed.

It would help but it is not necessary for you to always look up and depend with. It is better if you would try to experience and alwasys remember that basing your decision on your experience would help you to learn more.

No doubt that technical analysis is very important in any type of market. You can find really very good opportunities to enter into a market. But in the market of cryptocurrencies it is better to use technical analysis and fundamental analysis in complex, especially base on rumors (or even insider) information.

If you invest in a particular project and a specific coin or token, then, in my opinion, it is best to be guided first and foremost by the features of this project. But when making subsequent decisions, one should take into account the general state of the crypto-currency market, and long-term forecasts for its development. However, in my opinion, technical analysis of the market plays a small role here and in many cases it does not come true.

Exactlfy, for day trading or short-term trading technical analysis is the way to go. Technical analysis is the study of price charts and basically any information that can be compiled from them, such as volume analysis, cycles, trends and statistics. Technical analysis is used to forecast price movements, as well as provide methods of entry and exits from trades.

So for a long term trade, what you is needed mostly is to make thorough research on the desired Cryptocurrency. Read more about it, especially the Whitepaper. Do your personal strategic analysis and deterministic analysis to know whether the coin is really worth it or not. Technical analysis could be of help too, cause the price movement of the coin is also important to know if the coin is loved or well accepted in the market or not. 

Having both tools would really be helpful on your trading career which technical analysis for some entry and fundamentals for decision making to enter or to get out. Im using these two things which i do see a good collaboration if you do know on how to utilize it but i would tell you that not all the analysis even both would really have that precise prediction of prices but your own experience and intuition will surely help you out.

Yes, technical analysis is vital because the predictors are using these techniques to predict the price and future prices these are very helpful to understand the market positions and situations.

if not use technical analysis what they use ?  ??? that is what a lot of trader use. because if only use speculation, they not really stupid to invest big money on a coin/token. they must be already analyze what they pick first

For me technical analysis can only be use for reference for long term investment in crypto coz there's a lot to consider for the value of crypto to rise and fall and main factor to consider is the sentiments of people. Like for example, many people using TA predict that btc will rise to $60K by end of this year but this seems to be unlikely now if we're looking at how market's performing due to several events that making people to sell like bitcoin ETF's delay of approval.

Actually, technical analysis is vital to all categories of traders. Its for both long term and short term trader. Technical analysis makes you able to pick your entry positions safely when making investment decisions. So, it is vital for everyone

yes, the technical analysis is very vital since many people used it in order to obtained a plan that will guide them to obtained a huge amount of income and from this they can easily avoid the loss.

I think it is important that important technical analysis in project investments do not only use fundametal analysis, we also need to know the development of shares in the company, not only to consider the finances, money starts from stocks. both of these analyzes are good in the field we use together it will be very good.

Technical analysis seems more viable mostly when the coin start trading and you just make few assumption but not before the coin is released to exchange Most traders who apply technical analysis are day traders

They are quite good but not 100%. I do make use of those  You just need to the best source or a group where you can get reliable analysis from experts, but it still doesn’t mean you should go to bed and sleep,  you still need to be at alert and watch your trade to know how things are moving cause it may not be as predicted. The analysis may predict left and along the way the chart may turn right and you will lose. That’s why I said they are not 100% reliable.

Technical analysis is equally important in investing. But you need to have a proper analysis strategy. At present there are many books and mentors showing us ineffective types of analysis. You need to select carefully before applying it for making money,

I believe so, we are humans and we have emotions but mathematics don't,I would rather to trust to numbers than emotions, that's why TA matters, I always check TA before any kind of trading, fundamental news is important too and I think these 2 should be use together in trading to decrease the risk,still noting is 100% in here!

Technical an analysis can be liken to a compass  and ruder on a ship.  No matter how big the ship is,  these tool is the only guarantee that ship has to sailed through the Sea safely to the shore!

its really vital, most specially to the daily trader. technical analysis guides the trader to make profit in the market. There are so many millionaires because of technical analysis. This is the fundamental of trading.

yes, it is. I never take a trade based on FA solely.
but its kinda overhyped because if you buy the dip of a fundamentally great coin you cant go wrong

As I know technical analysis not work properly because long long ago I use this technology for coin analysis but on that time this is not work, so at the moment I not support technical analysis. If you use and if this system work properly so you can use this system because if it shout in your analysis so you can must use it.

This is the key! You cant use technical analysis on low vol coins, and in crypto there are just too many of them. Best way to use it in crypto is on total market cap of all cryptocurrencies. 200 bilion dolar market is not that easy to manipulate.

Technical analysis is one of the helpers to guess the right direction. I can't say TA works fully especially in crypto. Some money can change the direction as the value of cryptomarket is so low. The best is fundamental analysis in crypto.

I have a feeling that TA is just an exquisite kind of BS. Looks more like astrology to me  ;D

I think if you are not into swing or day trading, TA might not be that important for long term investment- other factors come into play.

Only of you are into fiction, IMHO. I don't really believe in it. The idea is good, but leaves much to be perfect.

it can give you info with Fundemantal Analysis (FA) and i think people should use it to get some info about the coin not fully invest because of TA  or FA. they can guide you to act smarter

Technical analysis is a necessary factor for investors to identify better buy and sell points in this market. Although it is not entirely accurate as there are a lot of coins being dominated by speculators and the Exchange but it is still a very necessary factor to invest in financial markets.

Of course it is important! First of all, we need to assess the situation on the market with the help of technical analysis. This is the only way to trade sensibly. Only having technical analysis can correctly calculate the entry and exit points from the position. Of course, we should not forget about the news. The crypto market is very influenced by news. Especially dangerous are fake news. So you need to trade relying on technical analysis and be sure to take into account all the news of the world of crypto currencies, which can affect the price movement.
Fundamental analysis is important for those engaged in long term trading. But before you buy a coin relying on a fundamental analysis, you still need to choose the right point of purchase. So, for example, if I wanted to buy bitcoin in December 2017 for long term trading, and didn't conduct technical analysis, then now I would feel uncomfortable. And in the future, my profit would be many times less than in a situation where I would rely on technical analysis to choose the correct entry point.

It is very important especailly in a bearish market like this. It will give you a very clear understanding on how to buy and when to buy so that you dont end up buying the pump and selling the dip. Technical analysis will help you to maximise profit

Technical and Fundamental Analysis are just key factors or measurement to know the future price. We can predict the movement of the market when we have knowledge on charts and reaction of the market. But we cannot assure that our prediction might come true because no one can predict the market accurately.

But for someone who has been in this field for long and understands the future as well as the potential of coins, he can make pretty good analysis. Technical analysis is a skill that is required highly by day traders or short term traders. For long term ones, having trust in their coin is more than enough to make profit out of their asset. This is what I have seen so far.

You will can to find type of cycle  where the price of active. You will can to find trends, correction, point enter. Of course the technical analysis will be very useful for you.

In simple terms for long term trading, just get a good project and invest in and sleep. No need to be checking daily. Basically read their whitepaper, community and team

Technical analysis works both for short-term and long-term investments. With a long-term investment, you just need to choose a daily timeframe and do the analysis on it.

Long-term and if applied on whole market yes! But you can't apply it on individual coin, not even on btc on short term especially! Little fud or fomo colapse all your drawings!  :D

Of course, market analysis is important but one must be selective and use common sense to filter all the garbage first before getting to the relevant info

Analysis is the only way to estimate the price, whether it's technical or fundamental. TA may not be able to correct analysis for predicting market, but it's just predict. Sometimes we can't get the result we want  from FA, but this can't be conclusion that any of these methods don't work.

I think whether for short term or long term you need the technical analysis, technical analysis could help you to decide when to enter the market,and from the chart combine with TA you can predict which way the coin will goes in the future, so implementing technical analysis for long term will be useful

Although that coin have good fundamental but there are any times for that coin will going to down trend, so we should be have skill about technical analysis to maximize the profit. Will be much better to have knowledge both, that is technical and fundamental analysis. No one coins will going up forever so we need to have skill about technical analysis to predict the price when will be reversal, overbought or oversold.

Vital isn't the right word. The right expression should be "very vital". For me, technical analysis is the periscope I use in gauging the movement and direction of any trading pair and I think every trader should use it before entering the market. I value it over Fundamentals.

Technical analysis is always an important issue that you need to answer soon and thoroughly. Besides, you should listen to your mind. If it tells you not to invest, you should not invest. Because reason and emotion always have a very close connection with each other. good luck with your portfolio. ;)

I have heard some persons day that crypto does not obey TA, I have had points where TA failed and no prevailing  fundamental, personally I feel TA in crypto is 50 :50. At some points it may give a good clue of next market direction at other points it is totally the opposite

In my opinion, technical analysis is very important for us is a tool needed to be used in trade and investment that requires better basics and a great basis for this to have good analysis in cryptocurrancy.

In my opinion, both fundamental and technical analysis is quite applicable for any market, and crypto-currencies are no exception. On the other hand, this market still has some specifics. So, since the total capitalization of digital currencies is still relatively small, and the methodology of analysis is just beginning to be developed, the market situation depends very much on "high-profile" news, reports on the achievements of developers and resonant statements of prominent economic and political figures.

Absolutely not, there are plenty of ways to trade without looking at technical indicators, the main thing you need to track is market sentiment, how do people in general feel about Bitcoin at the moment, based on this you can usually tell where the market is heading.

I would even say without technical analysis, then you are totally bound to fail woefully in any market and that makes them very vital indeed. I am not really a big fan of fundamentals anyway, I trade based on what I see, how I see it, while planning my exit, entry and stop loss at the same time. That is the idea of technical analysis, it gives you a sense of direction and ability to make plans, and it is not like some magic wand that would just give you an exact prediction to the market.

Op is asking the role of TA's in long terms

Basically you use TA's when you do trade, it differs on HODL

what is more important in doing hold is the ability of the coin to withstand a bear market conditions like today, its usage, devs, and market cap

Research on what coin you want to invest, rather than making a technical analysis as it may seem not applicable

It matters because technical analysis is telling you what is about to happen in the market and what is happening immediately in the same market. When i was learning how to trade I was told that the combination of both signals is the best and make more clearer the moves. As a trader for you to make it whether short term or long term market combination of both analysis will be the best for you.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            

For long term investment you should put more effort into fundamental analysts as that's far more important to keep the project running and growing in a few years rather than the short term price movement. Like you've said TA is more important to know where the price is moving short term.

"Is technical analysis vital?"

YES, if you want to make money in the market. Even if everything is good from the FA's view the price can still go down. You buy a coin based on FA, ok - that's fine but you need to know when to take profit because sooner or later it will correct that move up and you could see a 70-90% correction.

If you're investing in the product because you believe it will grow in value i the upcoming years, the only thing i'd use technical analysis is finding a good entry-point. If you're truly confident that token XYZ will 100x in the coming years, i don't even see searching entry-point that necessary.

When planning in going to long term investments i personally look for moving averages, 50, 100 and 200MA's are great way to verify that the direction of the price is going to the preferred one. No need to start nitpicking about the low timeframe RSI's etc. when looking for long term investments. If the fundamentals look solid to you, go for it.

but if you do daily trading, technical analysis is very important to get profits and predict prices as well, but if long-term trading is easy and all we have to do to get the desired profit is to wait until the price you want

For better trading outcome combination of technical and fundamental analysis is the best. Whether you are trading  for long term or for day trading you will need both technical and fundamental to confirm trading set up for entering the trade. I was working mostly with Technical analysis because it was telling me what is happening in the market currently but once there is any adverse news the whole system will fail and loss will come.

Every aspect that we use while trading is a unite so whether it is technical or fundamental, both are very important. In crypto trading, most of the time we will combine those two methods. We can't just ignore the fundamental stuffs like news in regards with the coin we trade although we use technical analysis method and vice versa.

To the best of my knowledge technical analysis is based on using indicators to determine price action and technical analysis is based on history of the price which has been computed and it is a vital tool used by traders to determine when to buy or sell and is often accurate when using a higher timeframe however majority of these indicators do lag the price hence price might have move in a considerable distance before the indicator gives a signal.

People will always say whatever they want to say as long as they never tend to have a plan. For those in this category, they tend to always believe that technical analysis should always give you a 100% on point direction to where the market tends. People need to understand that in a market, what we do is educated gambling.

Without a strategy, then in this case you are really gambling without knowing exactly what you are doing. It is this reason why the risks are there, but the ability to manage those risks, with great plan and strategy is where technical analysis comes in, but I guess some people would just not understand.

However, as I guess, less than 15% of the traders use this technical analysis. This is a great mistake as TA is a great help. It will help you understand which of the cryptos will grow.

Why not just keep an eye on them before putting your money on a coin. It will give you good decent in-depth analysis.

Technical analysis is a very important thing. If a trader wants to be a successful and wealthy businessman, he has to apply it each time, he makes some operations with the crypto.

Actually, it is not so easy to understand technical analysis. As I see, very few people use TA in trading and investing,  and they are wrong as they could make fewer mistakes dealing with the cryptos.

The technical side answers the question of when to buy and to sell exactly. For the fundamentals they most of the time interpret the bias of "what" to buy. But you can either use one of them for those queries.

My early attempts at technical analysis didn't get me anywhere.  It didn't really give good signals, and would change as the precious information changed.  However this wasn't for crypto, but for forex.  Crypto in general is a lot more explosive I think, and the news has a huge effect.

I personally think theres an extra piece to TA that most don't factor in which has a lot to do with market conditions and/or common sense.. the most important part of any trade is when you hit the buy button... this shouldn't be TA based as much as market conditions based and will most market conditions favor or hurt this trade.. like for example if BTC is creeping near its pass/fail resistance area for a long term trend line.. its likely not going to make very much sense to enter an altcoin position because the risk:reward doesn't make any sense... however if BTC breaks down from its support and is reaching 10%+ down for the day, most alt positions are gonna be safer... theres really no TA that can desribe this...what TA can help you with is if you are looking to sell or rebuy a position trade using steadfast rules on when NOT to buy so even if you make a mistake, you avoid the areas where it would have been the most drastic.  TA just min maxes the top and bottom of market conditions, but the market conditions and common sense piece is far more important.

Technical analysis is not perfect wherein when you master it, you will not have a lose. Technical analysis is just a guide for you to have a basis for your trading and knowing when to buy and to sell. It would just let you speculate on what the future might be base on its past movements. It is sometimes a hit and sometimes a miss so the key here is to have a risk management by having a trading plan always and knowing the levels of buying and selling.


It would be better to use the combination of fundamental and technical analysis along with market sentiment to have an edge of what might be the future price of the coin. It would guide you and be rational. There are still so many who lose when it comes to trading even if they are using both because they cannot get rid of their emotions.

Technical analysis in financial investment in general and cryptocurrency is very necessary, it helps identify trends that may occur in the future so that investors can make the decision easier. But for a successful investment, technical analysis is not enough and many other factors are needed to make that decision because the market is volatile.

I think so. Traders or Investors would not post a lot about it if it does not contribute any factor on the market. But I'm not into that because there's a great manipulation involved in here and the first we need to consider TA is to check first if there are more investors coming in or out.

I would get my vote for point of enter. Usually, I am using TA especially when the coin is on sideways and have a great development updates coming and using TA makes me see what is the best price to enter.


You have a point, But you just can't buy right away that you could also miss the dip or having the most amount of coins using your money.

Analysis techniques that you do may be vital for you but that may not apply to some other people, because you have to know that everyone has different beliefs and ways to determine the right time to buy and sell coins without having to apply analysis techniques good, follow your beliefs and make sure that can make you get a lot of profits.

A good result is obtained only when using both technical analysis and fundamental analysis. Also, when analyzing one or another crypto currency, one should pay attention to general market trends, as well as the state of affairs of competing and interconnected crypto-currencies.

Yes, technical analysis is really helpful nowadays, specially we are now being decentralized, soon no more news related analysis, we will not easy to manipulate by fake news or some other social media superstar that are posting some crypto related so that they can easily manipulate the price.

Many with skepticism refer to the use of technical analysis in the case of trade in bitcoins. But I believe that technical analysis remains an actual tool for working with this currency. It works for bitcoin, as for any other markets. Technical analysis can be even more useful for bitcoins than for other assets. Since this market is very dynamic news flow, volatility, liquidity issues are very different from traditional markets.

;D ;D Actually when people tend to say Technical Analysis is bullshit and does not work, then I tend to ask myself, how they tend to trade the market without it at the end of the day.

I believe the problem right from the onset is that a lot of people have this idea that technical analysis should always give perfect direction to a market without any hiccups at all, but for heaven sake, it is a market and we are only meant to be guided with technical analysis, so I certainly agree with you saying it is very vital.

Technical and fundamental analyses are very important and necessary for investment in cryptocurrency. If you want to invest in cryptocurrency it is necessary to analyze the market because cryptocurrency investment is full of risks and you can lose your money if you take wrong decisions. Therefore it is important to analyze the market before investment.

Technical analysis is always based on the data which has passed it reflects where buyers are keen to enter and where sellers are keen to sell, most difficult thing in any analysis to know the take profit point and SL point, tech analysis can help you to get into good trade at a good time but its always not successful, keeping SL will protect you equity in that case, if you are considering to invest in any coin for a long term then fundamentals are quite important to read, the whole project, the background, acceptance of project in the market etc, as mentioned by someone in previous post, in your long term investment tech analysis can help you find a good entry and exit point, for long term analysis, higher TF should be considered like weekly or monthly TF.

Identifying trends or the general direction of the price movement of an asset can be very useful for bitkoyn-traders. But the definition of these trends is often a difficult task. Digital currencies can demonstrate high volatility, so the price schedule of bitcoins can look like a series of peaks and dips.

One of the important tools is the analysis of support and resistance levels. Having determined these levels, the trader can better understand the state of supply and demand in the bitcoin market

I have a friend of mine who uses only technical analysis for trading. Also, he uses a stop limit orders during a trading on exchanges. He often brings up his approach regarding long and short positions during discussions and considers the approach as successful.

Technical analysis is vital in the world of trading as we all know that in trading there is no perfect way to find our the real value for the market so we need guidelines and tools that we will help us to have a decision.

If you invest in a project for a long time on the basis of fundamental analysis, you will need technical analysis periodically. I mean, sometimes you will need to conduct technical analysis to monitor the overall state of your finances. Personally, I do this and I recommend doing it to you. This can help you at some good time to sell your coins at a very favorable price and buy from scratch at a low.
As an example, we can consider December 2017. Those who had coins in long term storage had a stunning opportunity to earn a lot of money. As we see now all these people could buy the sold coins later at very low prices.
Of course, none of the analyzes could calculate the likelihood that there are such prices now, but the fact remains, in December 2017, all holders of coins could make excellent money. And I think that this is the meaning of long term trade.
Also, technical analysis will help you calculate the point of purchase correctly. Because at the moment when you want to buy a coin, there may not be a very favorable situation for its purchase, the price can be greatly overstated. And technical analysis will tell you this and you will be able to calculate a successful point of purchase for you.

I traded with alot of charts in my early days of Crypto Trading which I learned as a Forex trader. It didn't really work very well for me unless i make the chat very simple or I use the basic ones.

The simple ones work great. The  complex ones just complicate things and don't usually work.

cryptocurrency is good because it is in its infancy, when technical analysis works

Its crucial because most of the successful traders are doing technical analysis perfectly,and most of the big losers arent using analysis neither both technical and fundamental analysis which is why these stubborn people wont have any improvements with their cryptocurrency career.I myself has learned a lot from the past few months here in bitcointalk,and i can win trades with just looking at the charts.

I think technical analysis and fundamental analysis are very important.Both are indispensable.Only in this way can you make a profit.

They probably don't even trade, those who say that are usually long time holders who never placed daily trades. For me it's quite obvious the price has been influenced massively by Technical Analysis since at least April this year.

I agree that fundamentals are crucial too, for instance the ETF decision is one big fundamental to monitor, but until the end of the year I cannot any other fundamental, apart from some major decisions from influent governments.

As for Technical Analysis, I found it even easier to use for Bitcoin than for the stock market, potential of winnings much bigger even if I am aware it won't last forever.

Yeah technical analysis is very important if you can do to know the upcoming situation of the market. You can take right decisions on the right time if you are capable to analyze the market on technical basis. Technical analyst can predict the nearly price of bitcoin or Altcoin. Without technical analysis you cannot predict the right future situation of the market.

Technical analysis is not a perfect direction dude, it is only a prediction of your calculations, at least the technical analysis that you
do can minimize the risk you will get! rather than just trading without any strategies and calculations

Even if you are going for a project with fundamental analysis, the technical analysis matters the same there too.
Each project is been judged on various phenomenons includig fundamental and technical analysis.
If you want a really profitable project to invest into than always go for deep research and always tend to learn each major update from them.
It really helps a differentiate scam projects from real projects.

- Precisely, technical analysis is just as we sum up all the possible situations, looking for the data we feel is appropriate and can bring us profits, and this is probably just predictions and calculations based on the past and the numbers, it does not fully guarantee the future when the future can always be affected by different factors. But at least, we still have a path with a little light, instead of going into a path that is covered with darkness, technical analysis is a light illuminating our path, if we do not have it, our danger will be very high

I include myself in the lot, but those who share Technical Analysis on this forum, or some on Youtube, are usually not really experts. The real experts with valuable experience have patterns that work almost all the time, and they have no reason to share their skills publicly.

I don't think that this thing has a lot to do with crypto, many try to rely on it but I don't think that it can compensate experience or a good portion of luck :)

Technical analysis is vital for me. With TA I can easily discover the entry and exit points for a coin movement.

I think technical analysis will be needed only in case of purchase, if you take the average or long term, based on the fundamental. And so, you're not going to sit for days at the monitor and follow the quote to sell at a good time.

at this time in my opinion fundamental techniques are more instrumental than analytical techniques. most of the price is influenced by news, especially Bitcoin. actually technical and fundamental analysis are just as important. but the usefulness is the analysis technique is on the second level. when news is published. then the technical analysis does not work. but when there is no news, it is very important to determine price movements. and what is perfect is to combine technical and fundamental analysis.

It is up to you, want to invest into the type of investment which one because what determines's the time frame, if you use a certain period of time, for example weeks, days or even minutes, then it will be referred to as technical analysis. But if you often see data for several years (relatively long-term), then the thing will be called the term fundamental analysis.

Yes, of course; technical analysis use by the experts in order to have a guideline in all decisions that they will make, whether operational, managerial or financial aspects.
Through this activity we can be able to avoid the losses or unfavorable results that may occur once the problem arises.

When participating in this market, each person has different circumstances, capital, risk -> No one like anyone. Each person must self-aware of the risks, opportunities of his own. Something may be right with this person but wrong with others.Therefore, technical analysis is an important part of the Cryptocurrency field, equip yourself with the knowledge to succeed in this field.

This technical analysis can be very vital when the movement of cryptocurrency prices is only moved by a robot that has a reference to such analytical techniques, but the current price conditions at the exchange place the price of cryptocurrency is very difficult to predict using only such analysis techniques.

Technical analysis is vital if you want to be a successful trader. Technical analysis help you to ascertain if the trade is going to be favourable or not. Although its not always correct but the knowledge of it cannot be overemphasize.

nope for longterm you should be following fundamentals because it is what which determines the growth , with technicals you can predict movement for short time only if fundamentals are good technicals will be also good

Proceeding with technical analysis in either long term or short is very helpful. Combining it with other variables will have a positive impact on your traders. I suggest you make it a point to use TA when trading regardless of the time frame.

IMO, TA is quite difficult to being implement on cryptocurrency because the chart is extremly volatile or uncertain so it's difficult for example to set resistance and support in some time.
Let's compare with the blue chip stock exchange where the chart quite stable so they can make TA more reasoanble for analysis purpose !

They say hybrid and also you can use the technical part in perfect point of buying and selling. I say it can be really but don't use technical first then funda as you woon't be objective enough to use the chart and numbers as your bias.

Others think that they can trade without using technical analysis. When I started with trading I thought as well that all I need is to buy low and sell high. Its a necessity! A simple look at the price history will help you decide if its a good time to buy or not. A simple look at the volume will also help you decide if its a good coin to buy or not. What more if you know how to read those charts and use tools like MACD, Bollinger Band, RSI and Parabolic SAR.

For me, technical analysis is always very important for any investment, long-term or short-term.

Technical analysis had only worked when it is following similar trends and the market is positive  or moving side ways but now some other factors are considered for long term and short term decision. Most of the analyst had been on the run when the market gets unpredictable and those still making videos and analysis have made so many wrong predictions

without volumes we cant do technical analysis in crypto most of the coins are new with less volumes technical analysis cant be done so depending on financial is good 

I would like to say that technical analysis is vital thing to do before you do trading, but its not must, its depend on how much you need it, sometime you or i need to put all instrument and just do buy or sell.
I dont know with professional trader do, most of them said technical analysis is most important think to do before do trading, IMHO, ill put all make me down if i wanna do some big thing in trading.

without TA then you will only rely on luck, and your instincts and that are not too important factors for determining win in trade,
TA is needed so that you can get views and predictions about what will happen on the market..

I thin, both fundamental and technical analysis is useful for any market, and crypto-currencies are no exception. But I do more technical analysis, because current prices change absolutely exactly from level to level, which can be determined with the help of technical analysis.

Technical analysis is a great tool for trading. Cause we can analysis price movement of crypto market and we can decide to take entry and exit though it. So it's very helpful for all crypto traders.

In general, the role of technical analysis is very important. But you should also understand that the cryptocurrency market is very susceptible to the influence of various events and statements, even those that are not true.
I know that the price movement is always cyclical, so for long-term investments it is necessary to conduct a historical analysis. Fundamental analysis is also very important. I'm sure that with the correct use of all these types of analysis, including technical, you will achieve the best result. Separately, technical analysis, alas, will not be enough.

Technical analysts will form patterns that affect trade execution, especially selling orders. The indicators involved can also form a line pattern which will eventually be appropriate and even welcomed by the same analysis from many other traders. This compatibility will have an impact on price development and does not always impact hype.

For me, technical analysis is not really important in the crypto market. We just need a lot of money and look for tools to announce whale pump signals. It will help us a lot. The crypto market is always volatile, we should take advantage of that as an advantage.

I used to think technical analysis was a joke, until the bear market came. When the market was booming everyone could just use FA make some gains :o :o :o :o, even a newbie could just do an FA and make some $$$$$$
I just got to understand that technical analysis gives more insight to get your trade entry and exit point. TA shows historical trend of an asset be it stocks, commodites, crypto, etc.
If one was TA analyst, you would know ETH was really oversold at $1500
If I knew to read charts I would have saved myself losses. TA is very very vital

Well you can use TA for a short trade & long trader. Every crypto trader can always used TA for their strategy. With some percentage succes around 70-80% from the TA Analysis.

From my personal point of view, basic technical analysis is important. Because it tells you the opportunity to capture the reasonable price range of an altcoins when you decide to buy it. But do not rely too much on those theories, I think the technical analysis only accounts for 30% giving you the opportunity to profit in this market. The remaining 70% will be decided by investor psychology

Anyone who really understands the technical analysis  use it. This is the most important assistant to any trader. The crypto currency market really lives by its own laws and it is very manipulative, but technical analysis is a reflection of the mood of market participants. Reading the chart you can understand when to buy and sell, and if I understand that it is difficult for me to determine this, then I just watch the market until the situation clears up. Of course, I know that technical analysis doesn't work at 100%, but I don’t know a single tool that would guarantee the result at 100%. But the understanding of TA ensures that even if the market behaves unpredictably, the trader will still earn in the future, since the market can't always behave unpredictably.

technical analysis must be owned by everyone who wants to trade, if they do not have this, what will happen later. the best technical analysis will get and profit, the most important when you have done technical analysis must be accompanied by patience.

A short post to bump this interesting thread.
TA is crucial these days.

Here is what I see (hope to be right!):

https://cryptofr.com/assets/uploads/files/1546187431798-kraken-btcusd-dec-30-2018-18-29-40.png

Let me know what you think.

I've seen newcomers using technical analysis and ended up on the losing end.

If you are day trading, technical analysis is a good tool to have.
But be careful and only when you truly understand it. High volume exchange is best to deploy it when possible.

IMHO I guess technical analysis is substantially important on helping us calculate and viewing the data and facts before making any decision. But in the reality, sometimes there are invisibility factors such as instinct, luck, etc.

For long term investment fundamental analysis is legit but as written by someone in previous post technical analysis tells you the right time to buy any coin, personally I prefer to trade based on technical analysis, more than 50% winning rate will take you into profit zone and if your technical analysis is proper its not difficult for anyone to get almost 70% winning rate.

I think technical analysis is not the only analysis we know, and I don't think it's vital for me. But technical analysis can help me to determine a good price to buy and sell. Although I don't learn too much about the TA, so far, I can use it properly, and I can determine the buy price and the selling price. And from the TA, I can earn some money by trading bitcoin pair usdt, altcoin pair btc.
But for investing for a long-term, you don't need the TA because you don't want to know about the price fluctuate in daily because it will makes you panic. And you only care about the result at the end of your investment program.

Technical analysis are very important but it is not only the important things for trading I am trading it's most of the qualities more important than technical analysis if you only had analysis thing do not work for you you need to learn all the qualities for good trading.

To invest in a project, I think we should analyze fundamentally instead of technical analysis. Technical analysis is based on more charts but a project does not have too much evidence for us. Fundamental analysis and whether their fund is large, or if investors are willing to buy more,... that is really important.

In general, technical analysis should be used when trading with different investment terms. Of course, with long-term investments, fundamental analysis plays a very important role.
But more importantly, follow the news. In the world of crypto currencies, any kind of news can play a decisive role. And then neither the technical analysis nor the fundamental will not cost anything.

Technical analysis should be useful for both short term and long term investors.  The short term trader readily make use of technical analysis as it help them to determine the direction of the market on short term basis.  Long term Holder could use TA to research past chart and trend to accurately predict the future!

We have to more understanding fundamental analysis if we decide to buy and hold crypto, but by use combination of technical and fundamental analysis we have more probability to get better profit. Use technical analysis only for scalping or day trading.

You should be have knowledge for 2 different analysis, because use technical analysis is not enough to earn maximum profit, let see in this bottomed price of crypto, just a few altcoin that been going up more than 100% because that altcoin has better fundamental. Others altcoin still stay in the bottomed , but crypto that has good fundamental keep going up even up to 200% -400%.

unless you believe trading only requires luck, then you don't need to do technical analysis.
For me, without analysis  what would you consider before buying? In the analysis you would know the data in the market to make choices to buy and sell..

If you want to be a professional trader then you have to learn technical analysis and it takes some time to master it. As far as cryptocurrency is concerned it doesn't work most of the time.

Although its hard to predict the price for bitcoin still technical analysis is vital especially when day trading, Price history charts should be included when dealing with price analysis. But it is really more easy to analyze the alternative coin's next price movement especially the high volatile ones.

I think it will not matter. Technical analysis should only be applied when we speculate. For long-term investment, you only need to analyze the business fundamentally.
team, strategy, roadmap, partner, loyalty and their investment fund, ...
these are important things to be thoroughly analyzed.

just because some believe only FA and some trust in TA only.
One great trader must combine in: first comes FA and then if no news observed TA takes its place.

Yes having the knowledge related to analysis is much important when we want to be a trader too often,and learn to predict the prices from your own strategies will make more successful traders.