Does technical analysis work with crypto?

[mikyadel]

technical analysis in general isn't enough to determine how the price will go next ,as if you just draw some random lines on chart ,you would see that price might respect these lines as S/R , but in fact they aren't S/R ! . chart sometimes move randomly ( you can read about random walk theory) .in crypto market , news play a vitl role as if some good news are coming to some coin price will go up a little regardless your analysis . to conclude , technical analysis will work if only you do it right + some news relating to coin .

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[Cryptobel]

I believe that technical analysis works in cryptocurrency too!if you compare the charts of currencies you can draw analogies!but not always technical analysis gives 100% result!current events!good news is what works.)))

[Albert211994]

Even on Forex or stocks, TA does not suffice. It needs to be coupled with diligent research and updated news and current events. Your TA will be trashed if an exchanged got hacked or sudden ban of crypto. But on ordinary days, it should work.

[LogitechMouse]

To be honest, I don't know anything about this technical analysis although I have heard it many times already. I think it is working but not all the time because if this technical analysis is working all the time, all who invested in crypto especially traders will not be having a loss and all will become rich.

[cryptomngr]

I've been thinking about starting to learn how to read charts and do some technical analysis for myself. The problem is I see it ridiculed on pretty much every forum and people saying it's useless for crypto.

What are your thoughts? Worthwhile?

Most of the people will tell you that technical analysis doesnt work here are scumbags,they dont know how to use technical analysis.Of course as a trader you need technical analysis together with fundamentals so you can be sure when will be the best time to sell or hold these altcoins.

[sakokinak]

To be honest, I don't know anything about this technical analysis although I have heard it many times already. I think it is working but not all the time because if this technical analysis is working all the time, all who invested in crypto especially traders will not be having a loss and all will become rich.

You're right. If technical analysis always worked, then many traders would never have lost. Although it seems to me that some exchanges specifically cheat so that traders do not go out constantly to profit.

[Crypt2GO]

Of course, you just need to be equipped with knowledge on tradings with Technical Analysis. It doesn't provide a 100% result but it will surely help you to find the entry and exit points of your tradings. Good thing that these features will be available on Cryptocurrencies.Ai that will be launching this November. The platform will allow users to do technical charting, market research, manage your portfolio from one platform.

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[xbossJ]

I doubt if technical analysis would work well in crypto as it does in forex, crypto is most manipulated than forex, I have also noticed lately that those who made theirselves technical experts for crypto between Dec 2017 and now, have refrained from being too bold as The market has become so unpredictable! Crypto is a difficult terrain to attempt a prediction!

[tterrorpipa]

You can surely rely on the technical analysis if you still don't have any idea on the coin that you would want to invest. Better explore more about the project and if possible, make comparison of it in the similar project that has been successful already to know what is the best.

[sergej.dubynin]

No, technical analysis does not work in the market, simply because too little capitalization in assets and easily manipulate the price. A more reliable way is just to follow the news and to place orders in advance with a small percentage of profit.

[Accts4u2]

I've been thinking about starting to learn how to read charts and do some technical analysis for myself. The problem is I see it ridiculed on pretty much every forum and people saying it's useless for crypto.

What are your thoughts? Worthwhile?

It can work sometimes but the problems arise when people start expecting it to start to work everytime. Sometimes you have to get lucky to make the kind of money that you want to from the market, so while technical analysis can help to prepare people for what they should expect to happen in the market, I don't think that it can help predict it everytime

[passeroutpass]

as soon as we can see a quiet in the market and not a rapid growth or a strong falling, then the market is perfectly amenable to technical analysis. so too many people earned from June till October

[clipman77]

Technical analysis also works in crypto currency, only if the daily volume of trading is several million dollars. When volumes are low, technical analysis is useless, choose coins with good volumes and trade.

[biznes35]

It works only on certain timeframes. The history of Bitcoin is quite small, which is why it is quite difficult to conduct analysis on large timeframes.

[South Park]

To begin with you need to understand the limits of technical analysis and those limits are exposed most of the time at the beginning of most books, you can only apply technical analysis to markets that have enough volume and liquidity, this means that only in the top coins technical analysis can be effective, in the rest of the coins you cannot apply technical analysis successfully.

[catterpillar07]

I used to listen my intuition, of course I am doing my own reserches but I don't really trust to technical analysis. Maybe I am making a mistake?

[South Park]

I used to listen my intuition, of course I am doing my own reserches but I don't really trust to technical analysis. Maybe I am making a mistake?

That depends, are you making money consistently in the market of cryptocurrencies, if that is the case then you can keep following your intuitive method since you are getting profits with it but if that is not the case then it could be a time for a change and technical analysis can be what you are missing to make yourself successful in the market of cryptocurrencies.

[BitcoinGuruOne]

I've been thinking about starting to learn how to read charts and do some technical analysis for myself. The problem is I see it ridiculed on pretty much every forum and people saying it's useless for crypto.

What are your thoughts? Worthwhile?

i think that it is not useless, there are some things that are for sure very usefull when trading- as support and resistance levels, this factor works .
Off course with some level of certainty, the long term predictions is completely different.

[Yourodiviy]

Manipulators very often adjust their actions to technical analysis when they need it in order to make the majority of traders believe in the regular price movement. And when the majority are sitting in reliable positions, supported by technical analysis, collapses or raises the market in spite of.

[nghiemtamk]

I think it does. But you should not rely only on technical analysis. Techical plus fundamental analysis plus market and behavioural analysis. You should consider all of the above before making a decision. Even more so if you are considering investing in altcoins rather than BTC. This is my hobby for quite some time now. And I think that I found a good one. It is called BTCN and the time this coin took to become a part of coinmarketcap is fascinating. Plus, you should always go back to the basics. At the end of the day, each coin is a product build by developers and the effort that devs are taking into improving a certain coin is also a valuable fact that you should consider when making the decision. BTCN devs are constantly improving it plus they seem to focus on eliminating BTCs flaws and using its advantages into this new coins structure. So, it seems like a hard work because it is and that is why you need to invest a lot of time before start investing your money. No easy money here.