Chart analysis

[manselr]

Hello to everybody,

I have question about chart analysis. Are there any differences betwen chart analysis in traditional stock exchange and crypto exchange?  Considering that the crypto exchange is much more emotional in decision making? Can we use exactly the same analysis techniques or do we have to adjust them to our crypto reality? If yes, please give me some tips what I have to change that the analysis would be more accurate. 

 

The main difference is that crypto charts never sleep. Usually markets close, and traditional markets have these stops while crypto markets are active 24/7. Crypto is also much less regulated, so there are lots of scams as well as opportunities to get rich, but only safe coin out there is bitcoin, because you don't risk ending up holding a bag with no liquidity.

Both traditional and crypto exchanges trade with fundamentals and technicals on mind. Emotions are also in classic markets.

[1714181629]

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[1714181629]

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[Barcode_]

I don't really look at the chart or read people chart analysis when I trade crytpo-currencies in the exchange, because crypto-currencies market is different from the stocks in one area, which is the huge volatility in bitcoin, it would be better to read about upcoming news on bitcoin daily, whenever there is a positive news, there is always a chance for the price to rise high, but vice-versa, the price could drop huge too if there are a lot of negative news on bitcoin spreading around in the bitcoin community.

[Raistlinnn]

I don't really look at the chart or read people chart analysis when I trade crytpo-currencies in the exchange, because crypto-currencies market is different from the stocks in one area, which is the huge volatility in bitcoin, it would be better to read about upcoming news on bitcoin daily, whenever there is a positive news, there is always a chance for the price to rise high, but vice-versa, the price could drop huge too if there are a lot of negative news on bitcoin spreading around in the bitcoin community.

But I think that Your method works only on long term investing. Short term without charts is 100% gambling 

[nizamcc]

I have seen crypto working very differently from stocks because the way stocks are analysed consists technical levels whereas dependence on technical levels completely in bitcoins would be dangerous because bitcoin trading works/reacts more quickly to the news that stsrts trending and mostly scares/amazes everybody of something new happening in the near future.

[Patatas]

Hello to everybody,

Hi,

I have question about chart analysis. Are there any differences betwen chart analysis in traditional stock exchange and crypto exchange?  Considering that the crypto exchange is much more emotional in decision making? Can we use exactly the same analysis techniques or do we have to adjust them to our crypto reality? If yes, please give me some tips what I have to change that the analysis would be more accurate. 

Chart has it's own definition - Some data that is represented in form of geometrical figures which conveys information effectively.For my below explanation,I'm assuming you're referring to this chart.

- Share Market chart or any other market chart has nothing to do with bitcoins.have nothing to do with easy other actually.They represent separate sets of data,
- I don't think crypto scene is more of an emotional dependency.Share market holders have emotions attached.
- Start reading more about bitcoin banking in general.Watch a couple of videos on trading basics.

[Genamant]

Hello to everybody,

I have question about chart analysis. Are there any differences betwen chart analysis in traditional stock exchange and crypto exchange?  Considering that the crypto exchange is much more emotional in decision making? Can we use exactly the same analysis techniques or do we have to adjust them to our crypto reality? If yes, please give me some tips what I have to change that the analysis would be more accurate. 

 

i dont know a lot about stock exchange but i can say the chart analysis is just the same
but on my crypto trading i still rely on news and updates of the coins although i realy want to learn this chart analysis myself so i can relate to those giving out signals using this

[Idrisu]

In trading I don't think we have accurate systems and we should adjust our minds to this reality. Both bitcoin and stock has the same emotional habit around them and as a long time forex trading I can categorically tell you that there is no much different between bitcoin trading and stock or forex trading. I do trade using candlesticks formation and pattern and I have never allow myself to be move by the rumors that control traders mind. Pin bar candlesticks formation is one of my best trading signal both to open a positions or to close an orders, it stand as a support and resistance level and you can use it as a trend reversal point. Some people use moving average to determine when to buy or sell in altcoins or bitcoin trading and they also has some accuracy. Trading is a game of skills and knowledge and it is your skills that determines how much you make both on stock, forex or bitcoin.

[xaxistech]

They are the same, if you had previous experiences with charts analysis, then it would be easy for you to analyse and predict the price if you know how to use the indicators and how/when you need to buy/sell.
And those who does not knows anything about technical analysis doesn't have a succesfull trade, because they only buy/sell based on their emotions, not on the market trends.

[TheQuin]

I don't really look at the chart or read people chart analysis when I trade crytpo-currencies in the exchange, because crypto-currencies market is different from the stocks in one area, which is the huge volatility in bitcoin, it would be better to read about upcoming news on bitcoin daily, whenever there is a positive news, there is always a chance for the price to rise high, but vice-versa, the price could drop huge too if there are a lot of negative news on bitcoin spreading around in the bitcoin community.

But I think that Your method works only on long term investing. Short term without charts is 100% gambling 

On the contrary. Long-term investing is nothing to do with trading and you should be making investment decisions based on fundamental analysis, not technical analysis.

Professional traders at proprietary trading firms don't use charts at all and base all their trades purely from order flow from the DOM (depth of market) trading interface.

Using charts is for what I would call medium-term or swing trading, trades that last more than a few minutes may be up to several days or weeks.

[DaddyMonsi]

Hello to everybody,

I have question about chart analysis. Are there any differences betwen chart analysis in traditional stock exchange and crypto exchange?  Considering that the crypto exchange is much more emotional in decision making? Can we use exactly the same analysis techniques or do we have to adjust them to our crypto reality? If yes, please give me some tips what I have to change that the analysis would be more accurate. 

Its a plus if you know how to read charts from the traditional stock exchange but since crypto is more volatile or the price moves a lot quicker than the traditional ones. In traditional stock exchange positive news makes a big impact in the price of the stock while crypto, sometimes it does, sometimes it doesn't. Fake news makes a big impact though lol

[richcorner100]

In my opinion and experience in trading, between that is totally different. Chart of market formed by volume transaction and marketcap, while crypto market has volume smaller  than stock traditional exchange. Crypto chart mostly only pumd dump , especially altcoin with low volume. So Sometimes technical analysis when we use in traditional stock it doesn't work in crypto market.

[Hamphser]

Hello to everybody,

I have question about chart analysis. Are there any differences betwen chart analysis in traditional stock exchange and crypto exchange?  Considering that the crypto exchange is much more emotional in decision making? Can we use exactly the same analysis techniques or do we have to adjust them to our crypto reality? If yes, please give me some tips what I have to change that the analysis would be more accurate.

I can say that having technical or chart analysis do somehow works on crpyto trading but not all the times since volatility is really high which isnt really compared or the same on stocks or forex trading.This is why i do say it is somehow hard to trade up on this cryptoworld but still manageable if you do already got the techniques or ideas.

In concur. A buddy of mine is doing a lot of stock trading and has also dabbled in forex and crypto a bit, and according to him it's very different. The basic rules still apply, but much less reliably. Nonetheless I guess it's mostly a matter of experience, so if you know your technicals and watch the crypto markets a bit you should be able to take your own lessons on which techniques work and which don't.

Even myself would really say that technical analysis do work sometimes but not all situation which as you said it would really matter most on your experience on doing trading. Having different kind of ways and applications into your knowledge will sum up and would result to have a good trade set up.Cryptocurrency prices is really a volatile on and if you miss the ride for sure you would lose up money.You can freely make use of technical analysis which are the same on stocks or forex but you should not rely too much on it but still you can able to get some ideas.

[xFiber]

In my opinion and experience in trading, between that is totally different. Chart of market formed by volume transaction and marketcap, while crypto market has volume smaller  than stock traditional exchange. Crypto chart mostly only pumd dump , especially altcoin with low volume. So Sometimes technical analysis when we use in traditional stock it doesn't work in crypto market.

Personally I'm not a fan of technical analysis, because in many ways (lower volume, higher volatility etc.) crypto charts are different to regular stock exchange charts. There are some factors that can indicate market movement. But overall I don't really believe in TA for crypto trading because in the end anything can happen. For crypto the best kind of analysis that applies, in my opinion, is fundamental analysis.

[Raistlinnn]

Thank you all for the good discussion. A lot to think about, a lot to read, a lot analisys to make in front of me. In my opinion we should use TA together with FA and information from market. Only big picture can give us some advantage.

[Superways]

Hello to everybody,

I have question about chart analysis. Are there any differences betwen chart analysis in traditional stock exchange and crypto exchange?  Considering that the crypto exchange is much more emotional in decision making? Can we use exactly the same analysis techniques or do we have to adjust them to our crypto reality? If yes, please give me some tips what I have to change that the analysis would be more accurate.

I can say that having technical or chart analysis do somehow works on crpyto trading but not all the times since volatility is really high which isnt really compared or the same on stocks or forex trading.This is why i do say it is somehow hard to trade up on this cryptoworld but still manageable if you do already got the techniques or ideas.

In concur. A buddy of mine is doing a lot of stock trading and has also dabbled in forex and crypto a bit, and according to him it's very different. The basic rules still apply, but much less reliably. Nonetheless I guess it's mostly a matter of experience, so if you know your technicals and watch the crypto markets a bit you should be able to take your own lessons on which techniques work and which don't.

Chart analysis is indeed a very essential thing if you want to survive in the world of trading. But the fact is it is actually not of piece of cake to become an analyst. It demands a great amount of knowledge and it requires a lot of time and experience for you to learn this thing. You can surely learn this art with hard work and good motivation. This will help you a lot in making better decisions.

[joinfree]

I am using some plugins of Metatrader, and i do my own analysis in there, it is easy because i only use MacD, bollinger bands, and RSI, and if you configurate them well it will always tell you when to buy/sell some coins.
I am really happy with my own analysis, since i am getting better everyday because i have some experience on it, because i used to trade with stocks before.

[Insanerman]

Chart analysis is indeed a very essential thing if you want to survive in the world of trading. But the fact is it is actually not of piece of cake to become an analyst. It demands a great amount of knowledge and it requires a lot of time and experience for you to learn this thing. You can surely learn this art with hard work and good motivation. This will help you a lot in making better decisions.

That is very true,  and there are many analysis to consider. Those are only prediction tools and most likely it will happen but there are also signals that will not make it. According to my trader friend, there are 3 indicators that they consider, The Technical Analysis + Fundamental Analysis and the Volume. Even when 2 of that is positive I think its already a good signal but still be cautious always.

[Shamie1002]

I have a hard time analyzing charts in this industrt. In which I have noticed that traditional stock market and market cryptocurrencies is a bit different due to the high volality of market. In a period of time, it determines changes in prices as we can see are the waves. In which it is not observe on the other. Understanding charts are very important to know and obtain good income with investments. High volatility is always accompanied by high risks. Technical analysis is needed to predict the movement of values and reduce as possible.

[Qunenin]

Hello to everybody,

I have question about chart analysis. Are there any differences betwen chart analysis in traditional stock exchange and crypto exchange?  Considering that the crypto exchange is much more emotional in decision making? Can we use exactly the same analysis techniques or do we have to adjust them to our crypto reality? If yes, please give me some tips what I have to change that the analysis would be more accurate. 

 

It is a straight candlestick, same as when used in NASDAQ. A candlestick confuses people because it is displaying. more information than the axis's normally would. Like 3 pieces of info displayed on a 2 axis grid. The main difference between the stocks and crypto is the fact that most of the crypto moves are based on total BS and rumors, feelings and just guessing, while at least a good part of the stock market trading is based on real world changes.

[solarion]

Chart analysis is indeed a very essential thing if you want to survive in the world of trading. But the fact is it is actually not of piece of cake to become an analyst. It demands a great amount of knowledge and it requires a lot of time and experience for you to learn this thing. You can surely learn this art with hard work and good motivation. This will help you a lot in making better decisions.

That is very true,  and there are many analysis to consider. Those are only prediction tools and most likely it will happen but there are also signals that will not make it. According to my trader friend, there are 3 indicators that they consider, The Technical Analysis + Fundamental Analysis and the Volume. Even when 2 of that is positive I think its already a good signal but still be cautious always.

Why you need technical tools to analyze the price chart and the values movement. I don't think we need that to happen here. Manually you can check the chart or you can bots gunbot to monitor and manage your trading account.
You can make profit by this manually intervention itself.