Bitcoin Forum

"The 95% use a purely technical approach to speculation and investing, relying on articles written by their favourite crypto guru for their analysis. Bitcoin has been leading the crypto market higher over the last month, and as prices move higher so will the expectations of Bitcoin's future.

Most find speculation and investing hard. It's because we are just not wired to be good at it. Almost everything we think we should do will hurt, and almost everything we believe will harm us won't."

https://www.altcoinsidekick.com/blog/frequency-range

hmmm do you believe that to be true??

I did not understand anything that is in this article, it seems to me that the author wrote a lot and mixed a lot. I'll say what I think

in the market of bitcoin most people buy and hold and other people buy and do daytrade, few people use technical analysis. because these technical analyzes do not work, at least for me they do not work.

for altcoins, the thing is simpler: people just follow the thread, twitter, discord and telegram to get news about the project. make technical analysis on these altcoins is waste of time in my opinion.

The article isn't stating things straight to the point. If you're referring to technical analysis as a basis of trading, it would be confusing compared to the basic strategy of trading. We could all apply different strategies in different ways as long as it isn't confusing and if we're comfortable earning through it. We don't have to follow different speculations and analyzations that could just mislead us.

Of course technical is sometimes confusing and predictable, but most people take a simpler way of using strategies such as buying when the red market and selling at high prices or green can be a simpler baseline, strongly agree if you continue to follow social media around crypto and follow the news that appears every day because it is very useful to pump the market suddenly, so don't miss the information.

Technical references will lead into strategy.
Speculation references will lead into strategy.

Overall, no matter what is the approach, it can lead into making a strategy. It's just that, how effective that strategy is.

Different people have different perspectives. Your's to create one.

It is better to use strategy rather than just relying on a TA.
Why would you rely on a TA if you could do your own strategy and earn from it.
Like I have said before TA and FUDster are the same using their words to move the market.

I agree with you, TA is a theory and decision is the result of implementing a strategy.
sometimes the strategy itself comes from valuable experience. this is more convincing and profitable. even though TA occasionally must be considered.

Strategy is always along your way on your trading journey. It is impossible for you to just follow technical anlaysis or even speculations without developing any strategy on the latter.
No matter what kind of tool youre using to develop knowledge and skills in trading you'll always end up with a certain strategy.

That strategy will work on real situations so we can apply the strategy to gain profit.
I prefer to make a strategy on what is happening in the market because that will makes me make analysis and I can determine what I need to do next.
Although it will need the practice to make the strategy works, it still worth to make a strategy since it will help us to search the right position to buy or sell.

I think both are same but technically using the strategy will be the right idea for anything so if you are making the strategy used it very quickly for the perfect place then only I will be successful.

For me, it's more on strategy. I'm not saying that I don't look at the TA or the technical side, but I don't rely on it 100%. It's often misleading and manipulative, as ran by the whales. So I'd rather trust my own strategy that be a stupid subject of greedy whales' manipulation.

I thought that you have created a non sense answer, did you mean we must do that strategy and then we can only create technical analysis after doing that strategy?
TA combined with FA is what I called that as a strategy. OP is not even mentioning it.
a thing that called a strategy is mixed from what we have called that as technical combined with the fundamental analysis. How accurate your strategy depends on how can you create such a good technical and fundamental analysis. But op was creating a contradicted question

I kinda agree with that.The "what you should do will hurt you" type of mindset is very true,when it comes to trading.We have to overcome that mindset and make some mistakes,even lose some money and gain more experience.Putting all our trust in technical analysis and crypto gurus is a 100% wrong approach.

Depending on the kind of project, most solid projects gives information that are really helpful.
If we cannot make a good technical analysis out of this information, how are we going to make an effective method in trading?

I believe the article is discussing about technical Analysis and Fundamental Analysis.


sample:


This falls under fundamental analaysis where you look at the items background, including finance statement, plans, people behind it, the events that happens etc.

---

Honestly we should not let this two analysis compete, this should work hand in hand in order for us to maximize our profit.  Utilizing this two will strenthen our knowledge on when to enter and to exit from a trade.  This should be used to back up each other not compete with each other.

I do believe this to be truth! Many people are afraid to make investments and trading decision themselves because they believe they are going to fail and that put limitation on them.  I have given investments idea to a friend recently and the guy is a risk taker!  He put one bitcoin into it and now he is in serious money. 

I agree that 95% of traders focus on technical analysis but I don't no if they also follow what article has been written always. And I don't no if really articles are also referred to technical analysis because articles can not change, is just a learning material but technical consist of indicators that are inbuilt and most times follow the market or goes before the market like candlestick price action or some go with the market. Well, this is my view on that.

But you should also learn from other right? Its the basis of learning like a teacher from its students. Its also good to know something based on the perception of other people but this should be all at first. People should learn how to do strategies himself to prosper. Its better if people understand what they are doing for good results.

Basically speculation came from the guru is one thing that ill get guide for make decision woeking in trading, but before to decide need to review and learn well to get perfectly decision.

Technical and strategy combine it both is the  best thing to make decision.

I didnt read up the entire article but seeing some few points its all mixed up so i didnt tend to continue further more.Technical analysis is indeed consider as a strategy.They would be categorize neither
fundamentals or pure technical analysis but with this kind of speculative market specially with crypto.News is really big factor rather than fully depending on technical analysis but there are still traders
who do actively uses up these indicators.

I believe in crypto trading neither technical analysis nor any specific strategy works. The thing that is most important is to enter the market at the right time and get out with a decent profits. Experienced traders are very good at it.

I see your post is not directed to anything one can relate with so I can just react to the topic , that is technical vs strategy.

To me, they are not to be separated because one can not be taken out from the other. It is strategy that will make us prefer technical kind of trading. If one's strategy is working with fundamental, then the strategy is fundamental.

Technical means it's all about doing the proper things with proper techniques for getting the success but using the strategy means it may not be work also it is the way of getting the success this is the difference between them.

Even in life there is a time a man will fall and Also will rise again. The future of bitcoin is already cleared up, technically we can see the movement as predicted by lots of Crypto gurus.

Many traders now don't even know when to enter and exit it, due to they have not study and understood it. They always feel they have the market under control.

And that right time is sometimes hard to chase. With most of the altcoins in the market, such technical analysis would not help because you really don't need one. Pump and dump, masternode coins, hyped up coins, are based on market pulse, no technical insights needed. Just follow the rule of trading, buy low sell high. And get out. Most of them will not last long.

I think the essence of the article is how difficult it is for many to invest properly in the crypto market, so they do nothing but follow the indications and recommendations of supposed gurus with all the risks that this implies.

And it is certainly true, because I think that the futility of technical analysis in the crypto market has become clear to most (in fact, many reject the possibility that the TA is useful in any market) so they base their decisions on mere hunches and emotional impulses.

If we are an expert in trading, we always have our TA's and basically apply our own strategies. It never work alone and even more profitable if we don't have such effective strategies. TA's is just a guide or market speculation base on the chart or any tool they used to track market trend but we know how volatile we are that is why it needs strategies that will help by then,

As a trader they use these two methods to get profit every time there's an actual trade happening for the individuals trader.
In fact, the way I opened the link articles Honestly, I don't exactly get the catch of it. Just all I know is that both are very important
for us to achieve the profit We are aiming.

What is your point here, OP?,
Seems like you've lost. Your statement doesn't make any sense and did not anything related with your title technical vs strategy. It is more on advices that I don't really understand. I wonder if you want to know if technical is a strategy or if technical is more useful than strategy. But i want to tell you that technical analysis is my strategy in trading. It is my basis when the market dump or pump.

Only technical analysis in crypto currency trading will not make you a good crypto currency trader because there are other things such as fundamental issues that usually affects the crypto currency market.

We understand technical analysis is not that easy to understand and cant be 100% correct, and to master the skill need time, effort and experience and before reaching that  a lot of people like to take shortcut by joining group signal, but by mastering by your own you can create a better strategy to take decision, analysis and strategy need to be work together to get the best result

Idk what fundamental issues is but i know that there alot of factors that affects a trader .  fex examples are volatility or unstabless of the cryptos  , manipulation caused by whales  , fuds , speculation  .   and also , technical analysis isnt the only trait that a trader needs to be able to become succesful  . as a trader we must also posses a luck , strategy , patience  , dedication , hard work , and many more . 

We shouldnt compare technical and strategy because if we lack one you cant expect to win your trades  . both are needed but we still need more good traits to increase our chances of winning .

the most important thing is, master the technical if you want to trade,
if only investment and returning assets occur, then not succeeding in analyzing is not a problem,
Because trading without analysis and careful planning will make our transition unstable.

Listen, most of the Bitcoin investors and traders have a basic skill how to trade and invest and they are always connected with the market situations either technical or strategic. Articles are many and mostly the first searches shows articles based on well researched plans which help you build your understanding knowledge. You should be happy these technical writers make it easy for you to get.

You are quite right mate, because I don’t see the existence of TA without strategy coming first, even when one reads TA, it takes strategy to be able to implement whatever the TA gives, or else like you said, we will just continue falling victims of whales manipulation, but in the other hand,.

TA strategy only works more for intraday or short-term trading and I don’t see it working for a long term investment, for one to succeed in making long-term investment decision, we must definitely use other strategies& methods to do so. So when talking about strategy, we also need to first know the type of trading in question.

Knowing the technical sides will lead us to create strategies, it comes from studying first the technical and having experience to really deal with the process of having a effective strategy.

technical analisys help us alot to identify in which level we have to place our order.this is not easy job to we have to learn in long time and also practice it in market with real money although in small amount.

Technical analysis (https://coinscious.io/coinscious-lab/) gives objective information that you'd otherwise overlook or not consider if you relied on sentiment alone.

I sue to just trade by emotions. I just pick a random coin that I see moving a lot and sell right away when i earned a profit but you can earn more if you know how to use those tools available in trading sites, it will help you not only to gain profits but protects you in losing money. example is RSI, it gives you an idea if its overbought already or oversold.

iS there any difference between strategy and technical trading? If you listen to your favorite podcaster or writer or "shiller", then that cannot be qualified as strategy. That's dumb. They getting paid to shill for some project. There are very few people that talk about a project because there is merit there. They do it because they're paid to do so.

There's a difference between the two of course. Not everyone can have a strategy that anchors in technical analysis. I for one have no patience to do long time study in a coin and it's movement. But your strategy can go from simple things such as long term or buying when you believe that a coin has potential. It's a lot simplier than studying charts and price movements.

I would use my own strategy rather than relying on a technical analysis.
Just look at most of the TA's prediction does they seem good to you?
Most of them are purely guess and doesn't have a solid proof to back up their price prediction and anyone could do what they are doing.

Quite right that some people do guess work on price without any backing or prove for it but prediction is highly relied on technical analysis. It is looked upon and estimated or predicted that price might get to such area or diverted by news.

I don't know much about technical analysis,I just prefer my own strategies according to the market condition and also I don't prefer same type of trading always it also will change for market situation.

It's needed to have an assumption before making a predictions, with technical knowledge you'll be able to anticipate much broader if you can set things up and follow the cycle, pattern will lead you to a much better guess, news and some other stuff might influence the possible next movements, it's just need to be more deeper when analyzing the next move.

Then that will be a mistake if they still guessing where the price moves because they will never find the right situations on the market.
I prefer to use my own strategy or methods to find the right place to buy and sell, and I am sure that I can do that although I can not get precisely, I can expect to get a low price of the coin.
We can use the prediction from other people for our analysis so we can find the right time to buy or sell and we don't have to follow them to get the right time.
If we can get the right time with our own analysis, then I think we can improve our skills to better.

Technical analysis is a big help for you to determine were the market or price is going and for your strategy can you site an example of what strategy you are doing? I guess you have a good strategy and its nice that you are so flexible in finding the right strategy that will fit in your time and effort, keep it up but, dont forget to learn some technical analysis it will help you a lot.

To say frankly, we have our own way of making a decision as long as it is suitable for our work. Personally, both technical and strategy are quite same necessary, generally both of them give us a different function that help us a lot, both are useful. Seemingly techinical is inclined to technical analysis. Usually some prediction which is made with technical does not impact on our emotion a lot. On contrary, our own strategy have further influence on our emotion, actually sometimes it harm our mood a lot. Anyways, i think we'd better combine two these things up to the market situation.

Listen to news through a medium can also be classified as strategy, because they are classed under fundamentals analysis, and when we talk of strategy, we talk of technical analysis, fundamental analysis, swing trading and many more strategies.

I think it is op that caused issue here with is topic, because he cannot compare a child to the parent, strategy is the parent, while all these things like TA, FA and so on are the children, so it should have either been TA vs FA or TA vs other strategies.

Whatever we do that works for us in making a trade successful is our own personal strategy, just that we have some strategies that are generally inevitable like T.A, T.A is a must for everyone.

If all has authentic evidence, that is no longer called prediction, predictions are always based on uncertain, more accurate, what we are doing is through past data to paint a picture of the future, and of course, the exact ratio is only at a certain level. Although the ratio is only at such a level but it is still better that we only participate in the market with strategies, agreeing that there is a good strategy but it is still not enough, everything is relative, no perfection, techniques and predictions are still necessary in trading

I put forward the strategy rather than the technical because in the strategy we can analyze carefully what we have to do when the market is in an unexpected situation, and that can save us from a lot of loss

actually sometimes we can't just rely on our own strategy because of market performance which is so volatile and very unpredictable. that's why we need to make TA as well in order to build our strategy again especially just to avoid further losses. So for me in my own opinion strategy is useless without doing TA because indeed both is useful in order to protect our portfolio and at the same time we can obtain profits despite of the situation in the market.

I think that that is very individual from trader to trader. Sone are more analitical types, some develope their own strategy and stick to it. I think that combination of these two is the best although from my own experiences I can say there is no reliable receipe that will guarantee you profit.

In my opinion, technical and strategy are very important because the technique is the method or the way we trade, while the strategy is our trading plan so that the future is good and profitable. so we must combine them for the sake of smooth and successful trading.

It's not that all of the strategies do give always a profit it is just that some are worth trying even if you do develop your own strategy.
It is always a 50/50 chances when trading just like gambling, it is also up to the trader on how they want to increase the odds so that they could gain their target profit.

Without this two it will be hard to succeed in trading, when we do research technically learns, and when we exercise doing it that's how strategy come.

The cryptocurrency market condition is extreemly unexpected. We required to be able to analyze any change in the market in order to make the best decision that will lead to financial gain. I also more focus on strategy, make decision based on market habits usually very effective. For this we need to keep learn the market and looking for many information.

There is no single technical analysis or strategy that can be said to always work in crypto. Crypto is literally a little thing in the finance. Anyone can shake even Bitcoin.

Technical analysis can help to find the repeated trading patterns with the help of trading experience. Sometimes, it takes years to understand the fundamental reasons behind these patterns. Crypto markets are not appropriate for technical analyse.

They say that buy the news, sell the rumors. It is up to the trade who will execute the trades. In my own perpectives, cryptocurrency follow certain news before it moves. The recent bakkt news gave a great implication to bitcoin and other cryptocurrency. As a matter of fact, it pulls up almost all crypto in the market. Definitely, if you just based your assumptions in technicals then you will be profitable but if you combine these two, more profitable to be followed.

Both technical and strategy will great work than to used just one of them.
Both of them is very important and having a role into our trading investment will help us out from danger of losing instead of generating more profits.
It is not all about patient or holding, it will give some odds if we have our own TA's for the incoming.

I don't think buying for long term or short term qualifies as 'strategy' when it comes to trading. That's more in the line of investing. So I think you're getting the two confused.
Strategy in trading is always based on ta. Even a newbie understands that.

I agree on the market situation, we can’t stick on just one plan or strategy we have to develop more that can be suit for the updates on the trend. I’m also not good in TA, but i try my best on trading sometimes the market needs you to be more a good thinker and not just depend on any TA, always think that volatility can destroy any TA.

I had to bold that to emphasize my point, otherwise I should've had it in quote alone. That statement is contrary. Technical Analyses rely on indicators, not on articles. When you refer to articles or news, you're referring to Fundamental Analyses.

When it comes to trading cryptocurrency, Technical Analyses are bullshit. What truly drives the crypto market is news. News can easily make a mess of whatever TA in place because the industry is fast paced and relies on hype.

TA is important but it's so vast and there are so many indicators that it's really hard to find a reasonable prediction to follow. In my case strategy is more important. Without having one I'd be sitting there and blindly waiting for it to pump or dump enough so I can take action.

While I wish TA would show me the way it's the strategy that makes me not lose sleep at night.

Both are different technical means you need to use the strategy technically in your right time that is the meaning of Technical but strategy means it will helpful for you to make better success that is call the strategy.

That is true, but sometimes it's hard to know how important is that news for the market. We have never sure if the market is reacting like that because a particular news. You may see btc pump now and explain it as a consequence of Flexa third party payment service for crypto currency and the global brands also adopting it through Flexa, but is it what is really driving the market up?