Bitcoin Forum

Economy => Trading Discussion => Topic started by: Bountydate on May 30, 2018, 04:05:27 PM



Title: Technical analysis and its basics in cryptocurrency
Post by: Bountydate on May 30, 2018, 04:05:27 PM
Hello guys, i have any questions about technical analysis. What are the most effective tools for technical analysis? And what do you advise me as a novice trader yet?


Title: Re: Technical analysis and its basics in cryptocurrency
Post by: cryptoknows on May 31, 2018, 11:20:17 AM
I'm interested in this question, but that no one wants to answer it.  :'( пyк


Title: Re: Technical analysis and its basics in cryptocurrency
Post by: darkangel11 on May 31, 2018, 02:03:32 PM
Tools like software? There are sites that give you some lists and options, like this one here:
https://www.warriortrading.com/the-5-best-tools-for-day-trading/
Personally I haven't seen people using additional software apart from tickers with alarms and bots. If you have a multi monitor setup, having bitcoinwisdom opened a separate screens can be helpful while you're having the exchange on your main one.

If by tools you mean indicators, it's a different story ;)


Title: Re: Technical analysis and its basics in cryptocurrency
Post by: siagh357 on May 31, 2018, 03:09:39 PM
Most efficient technical tools are moving average indicators, both simple moving average and exponential moving average. If you combine them it gives a perfect forecast. You can supplement it with a Bollinger band


Title: Re: Technical analysis and its basics in cryptocurrency
Post by: palle11 on May 31, 2018, 04:47:41 PM
Most efficient technical tools are moving average indicators, both simple moving average and exponential moving average. If you combine them it gives a perfect forecast. You can supplement it with a Bollinger band

Moving average to me is like a lagging indicator, bollinger band is a very supportive indicator to do well in trade. Then, I further suggest candle stick. A good monitor of candle sticks would help a trader very well.


Title: Re: Technical analysis and its basics in cryptocurrency
Post by: nydiacaskey01 on May 31, 2018, 04:53:23 PM
Hello guys, i have any questions about technical analysis. What are the most effective tools for technical analysis? And what do you advise me as a novice trader yet?
What works for others may not work for you, it depends on the trading style and their appetite for profits. For me I use , Bollinger Bands, RSI and Parabolic SAR. Bollinger Bands tells me where the price is heading and up to how high it may reach. Parabolic SAR gives a signal if its time to Buy or Sell while RSI tells you if the coin is over bought or over sold. Works for me 85% of the time.


Title: Re: Technical analysis and its basics in cryptocurrency
Post by: charlotte04 on May 31, 2018, 05:01:23 PM
Hello guys, i have any questions about technical analysis. What are the most effective tools for technical analysis? And what do you advise me as a novice trader yet?

The very basic that you can use in technical analysis is being to master the support and resistance areas. But the most important thing in trading is your mindset towards it.


Title: Re: Technical analysis and its basics in cryptocurrency
Post by: Bountydate on May 31, 2018, 05:45:25 PM
Tools like software? There are sites that give you some lists and options, like this one here:
https://www.warriortrading.com/the-5-best-tools-for-day-trading/
Personally I haven't seen people using additional software apart from tickers with alarms and bots. If you have a multi monitor setup, having bitcoinwisdom opened a separate screens can be helpful while you're having the exchange on your main one.

If by tools you mean indicators, it's a different story ;)

Oh, thank you, i meant indicators, etc . but not like any software, but thanks, this information was useful to me ;)


Title: Re: Technical analysis and its basics in cryptocurrency
Post by: bitcad4u on May 31, 2018, 06:15:08 PM
Hello guys, i have any questions about technical analysis. What are the most effective tools for technical analysis? And what do you advise me as a novice trader yet?

The very basic that you can use in technical analysis is being to master the support and resistance areas. But the most important thing in trading is your mindset towards it.

Trading is purely based on your mindset.To get more technical knowledge about crypto currency,you should spend lot of time in surfing.I think to get huge knowledge,nothing is wrong to spend some time.To succeed in a trade you have to practice it.If you had a fear,you can try with small investment from 10$.


Title: Re: Technical analysis and its basics in cryptocurrency
Post by: sedahan13 on June 01, 2018, 01:17:24 AM
Yes technical analysis is basic of trading, all trader should be learn that first to understanding price action of crypto and make more easy to entry and exit from the market. And to learn it you can use platform of trading view and learn about some function of indikator in google or youtube. Apart of technical analysis is price pattern and candlestick pattern.


Title: Re: Technical analysis and its basics in cryptocurrency
Post by: dragon695 on June 01, 2018, 01:54:46 AM
news - news is more important than anything for me. we have many new trader so they dont care about chart or something they just wait good news. So if we can have good news before them that will be a good advantage for us


Title: Re: Technical analysis and its basics in cryptocurrency
Post by: mudasarali43 on June 01, 2018, 11:39:27 AM
I hear some analysis are good to observe the market and very useful to understand the market condition and helping to take a decision, So there are some analyzers point of view in
headings to analyze the market,

Trend Lines
Resistance and support levels
Moving Averages
Trading Volume
Not on the technical analysis alone
How to start and identify trends
How to start and identify trends,


Title: Re: Technical analysis and its basics in cryptocurrency
Post by: EdenHazard on June 01, 2018, 04:19:44 PM
I hear some analysis are good to observe the market and very useful to understand the market condition and helping to take a decision, So there are some analyzers point of view in
headings to analyze the market,

Trend Lines
Resistance and support levels
Moving Averages
Trading Volume
Not on the technical analysis alone
How to start and identify trends
How to start and identify trends,
there is much to know for beginners if you want to trade bitcoins and all of them above exist and correct , agree on that and just want to add some more explanation;

the first step is to research, the most important step of any investment opportunity is to examine the coins you want to buy. Taking this one step will get you ahead of the investors and the most forward traders. If you have done the research, go to the next step.
the second step is to choose the crypto you want, it may seem obvious, but you need to try to select the cryptocurrency you invested. take your time with this. there will always be new opportunities, so do not just plunge into the trade in an effort to catch the pumps alone.
the third step is to find the exchange, there are a number of seemingly endless exchange options. each consisting of pros and cons for different merchants as well as various coin listings available.
the fourth step is to choose a steady strategy. everyone has their own tactics, but they generally fall into one of the categories like, middle class Investors - you have a slightly higher risk tolerance than a long-term hodler. there may be coins that you hold for a while, but you also rebalance your portfolio every month or so. Your ownership may include a mixture of large and medium market capitalization caps. the point is that you make your own strategy, if you already know all four things immediately start trading. here are four basic trading techniques that I know, hopefully help.


Title: Re: Technical analysis and its basics in cryptocurrency
Post by: Nonie on June 01, 2018, 04:28:50 PM
maybe you need learn it from a book or online book search in google there many references about it and you can also try it on youtube lot video about beginner lesson for technical analysis. goodluck


Title: Re: Technical analysis and its basics in cryptocurrency
Post by: isidrorex on June 01, 2018, 04:35:13 PM
I invested much time on trying to study technical analysis and it wasn't easy for me, after a while, I concluded that moving average indicators is a good way to start off your technical analysis, both simple moving average and exponential moving average to be exact. But also for me, candlesticks is always a good choice for you Technical Analysis but you have to study their patterns and strategies. Best of  luck in the crypto world bro!


Title: Re: Technical analysis and its basics in cryptocurrency
Post by: spartanrules on June 01, 2018, 06:17:23 PM
Someone is based on classical prediction - Elliot waves, someone on the mathematical model - nonlinear fractal analysis, but there are those who trade on the indicators. For example I like use indicators and learn techniques of William Gann, Bradley Cowan to calculate trend reversals.


Title: Re: Technical analysis and its basics in cryptocurrency
Post by: Streamlink on June 02, 2018, 07:12:33 AM
Most efficient technical tools are moving average indicators, both simple moving average and exponential moving average. If you combine them it gives a perfect forecast. You can supplement it with a Bollinger band
There are certain things which are just like the pre- requisites of anything and that this technical analysis is exactly the similar kind of thing when it comes to that of the crypto currencies. you must be expert at it if you want to make some good earning from the investment which you have made in the crypto world as this will help you in understanding the market value of any of the crypto coin in a better way.


Title: Re: Technical analysis and its basics in cryptocurrency
Post by: wvizmanos on June 02, 2018, 07:25:08 AM
All the tools mentioned above me are good tools. But keep in mind that it is your good mindset that is your best tool in trading. If I can add two more : 1) if it's a bear market, no technical tools work perfectly, you'll get rekt if you still bet on your technical analysis. This also applies if it's the other way around. 2) in crypto, sentiments analysis works better IMO.


Title: Re: Technical analysis and its basics in cryptocurrency
Post by: Leonard2016 on June 02, 2018, 08:11:45 AM
First : each trader has his/her own way , they way that i use could be useless for you , so try to find out which way suits you better
second : There are a lot of technical analysis tool that if i want to write i need to write pages , I suggest you check out some youtube videos , you will get it better when they explain with pictures .

best of luck.


Title: Re: Technical analysis and its basics in cryptocurrency
Post by: Moiyah on June 02, 2018, 09:59:32 AM
Hello guys, i have any questions about technical analysis. What are the most effective tools for technical analysis? And what do you advise me as a novice trader yet?
What works for others may not work for you, it depends on the trading style and their appetite for profits. For me I use , Bollinger Bands, RSI and Parabolic SAR. Bollinger Bands tells me where the price is heading and up to how high it may reach. Parabolic SAR gives a signal if its time to Buy or Sell while RSI tells you if the coin is over bought or over sold. Works for me 85% of the time.

Like he said, if you are referring to an indicators then these BOllinger bands and RSI are accurate. But to tell you honestly, whales are hard to predict. I still didn't try Parabolic SAR. But I am using STOCHASTIC and RVGI. MACD are also useful as it aids as the trigger entry point. I'm still a starter that is why my TA (Technical Analysis) were most of the time fails. Hope I can cope up my loses and I still need to study more to boost my TA.


Title: Re: Technical analysis and its basics in cryptocurrency
Post by: triciaa478 on June 02, 2018, 02:53:21 PM
Trend lines are the best tools to be use in technical analysis. Learning how trends are drawn with various angles can make you make accurate predictions. With this you get to know support and resistance lines which is very helpful in determining where to enter and exit.


Title: Re: Technical analysis and its basics in cryptocurrency
Post by: Aion2n on June 02, 2018, 03:21:56 PM
For each person will be clear and easy to use its own set of tools. Especially in every situation you need a different tool. As for me, I use figures of technical analysis, Ichimoku Cloud, Stochastic RCI. Also don't forget about candle stick analysis. The choice of tools is different depending on the situation. I can use the others, but I use these most often.


Title: Re: Technical analysis and its basics in cryptocurrency
Post by: taktik on June 02, 2018, 07:54:47 PM
For each person will be clear and easy to use its own set of tools. Especially in every situation you need a different tool. As for me, I use figures of technical analysis, Ichimoku Cloud, Stochastic RCI. Also don't forget about candle stick analysis. The choice of tools is different depending on the situation. I can use the others, but I use these most often.
It seems to me that the Professional copes with this much easier than other participants in the crypto-currency business. In any case, no technical analysis will help a novice to make his work effective. In any case, everything depends on experience.


Title: Re: Technical analysis and its basics in cryptocurrency
Post by: pixie85 on June 02, 2018, 09:45:40 PM
You should use as many different indicators as possible and compare them with each other. I find patterns to be the most revealing. One of them is double top and double bottom. It always indicates a change of trend. Another good indicator is support. Price often bounces up and down at round numbers.


Title: Re: Technical analysis and its basics in cryptocurrency
Post by: Bountydate on June 04, 2018, 08:18:05 AM
I hear some analysis are good to observe the market and very useful to understand the market condition and helping to take a decision, So there are some analyzers point of view in
headings to analyze the market,

Trend Lines
Resistance and support levels
Moving Averages
Trading Volume
Not on the technical analysis alone
How to start and identify trends
How to start and identify trends,
there is much to know for beginners if you want to trade bitcoins and all of them above exist and correct , agree on that and just want to add some more explanation;

the first step is to research, the most important step of any investment opportunity is to examine the coins you want to buy. Taking this one step will get you ahead of the investors and the most forward traders. If you have done the research, go to the next step.
the second step is to choose the crypto you want, it may seem obvious, but you need to try to select the cryptocurrency you invested. take your time with this. there will always be new opportunities, so do not just plunge into the trade in an effort to catch the pumps alone.
the third step is to find the exchange, there are a number of seemingly endless exchange options. each consisting of pros and cons for different merchants as well as various coin listings available.
the fourth step is to choose a steady strategy. everyone has their own tactics, but they generally fall into one of the categories like, middle class Investors - you have a slightly higher risk tolerance than a long-term hodler. there may be coins that you hold for a while, but you also rebalance your portfolio every month or so. Your ownership may include a mixture of large and medium market capitalization caps. the point is that you make your own strategy, if you already know all four things immediately start trading. here are four basic trading techniques that I know, hopefully help.
Thank u, i hear u and i'm ready to trade! ;D


Title: Re: Technical analysis and its basics in cryptocurrency
Post by: ahmad21 on June 17, 2018, 05:06:02 PM
Hello guys, i have any questions about technical analysis. What are the most effective tools for technical analysis? And what do you advise me as a novice trader yet?
Technical Analysis is a complete list of tools that are used predict the trends of any stock. Some of the most effective tool in the TA I think are the following.
1. Candlesticks: learning candlesticks and candlestick patterns is the first and foremost thing you will need when kicking off your journey into TA because you will need it at every step in TA.
2. Dow Theory Patters: Learning DOW theory is equally important because it gives you the patterns which can be formed on chart and various indications given by such patterns.
3. RSI: RSI or the relativity strength index is another important tool to know the strength of the market used in TA.
4. Volume: Volume gives you great insight about market and buyers choice.
5. Moving averages: The averages of the prices of different candles are another great tool for TA.

Learn these things at beginners level and you can be a great technical analyst.


Title: Re: Technical analysis and its basics in cryptocurrency
Post by: Idrisu on June 17, 2018, 05:40:05 PM
Trading is a highly risky venture and you should not go into it without adequate knowledge on how to buy or sell coins at the right time and price.  Technical analysis is good but you can't succeed in trade with  technical analysis alone! You must be sensitive to fundamentals issues that are coming into the market for to make a trading decision.


Title: Re: Technical analysis and its basics in cryptocurrency
Post by: zxl912157 on August 03, 2018, 03:32:15 AM
My technical analysis is myself because of my experience every time I trade.
Experiencing the advantages and disadvantages is an absolute thing in trade.

But better yet when you when will rise its price and when to fall in price, so you benefit from your faithful trading Cryptocurrency.