Does technical analysis work with crypto?

[maydna]

I think sometimes technical analysis can work with crypto, but it depends on each person because we have different analysis and I don't think all people or trader use the same analysis. But for me, I only analyze from what I see on the market and sometimes, I see that it's more accurate than the technical analysis and fundamental analysis. Besides that, I see that if we can analyze from the market directly, we can find a way to get the lower price to buy and we can sell when the price increase higher.

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[kipoel]

Just as previously mentioned, that we can't fully rely on technical analysis, since it can't be fully applied into cryptocurrency.
Since there is no supreme regulation that could manage the fluctuation of the price in cryptocurrency.

[darmin]

just ignore the words that are not good to be heard. two important aspects in the crypto should at least be controlled one is technical analysis. This is indeed not a young but if indeed intend to learn too late then surely the longer will understand. technical analysis would be useful and help to bring in the profit from the market.

[libert19]

Technical analysis can help you predict things in market, remember 'predict' word, it can help you get some idea but it's not full proof.

[Dewar Noise]

if you look at the market situation lately, doing technical analysis according to me is not appropriate to do, because the market situation has been unstable and unpredictable lately, as evidenced by a prediction that I read in this forum and also there is evidence of analysis that can arguably trustworthy where the analysis essentially states that starting this November the market will experience a recovery, but the evidence a few days ago the market still experienced a very drastic price decline.

[fuer44]

it's hard to say it will work 100% in crypto. because the crypto market is very difficult to predict differently from the stock market. everyone is not sure what is the significant effect of the crypto market. and from what I've seen lately, some say manipulation, some say crypto doesn't have functional values, some say because crypto is illegal. so far there has not been an accurate analysis of the crypto market, and if the market will soon rise again everyone will be surprised.

[zcashplan]

It can only be said that this may be a golden period. After the overall devaluation of the cryptocurrency market, there will usually be a rebound counterattack. Otherwise, the cryptocurrency market that continues to decline will make investors disappear. But now it is uncertain that the price of Bitcoin will not continue to fall in the future. If you are a long-term investor, don't worry.

[Ridwan Fauzi]

A prediction cannot be determined by an analysis, but certainly an analysis can guide someone so they have the basic knowledge when they make a buy and sell. If there is someone who is truly capable of predicting prices accurately then he will be one of those who have a lot of wealth, just imagine the price movement of cryptocurrency which is very volatile so he can get a lot of profit in a few hours.

[feelideb]

Yes, it sure does! Having to know how to plot a graph from a chart in order to detect trends and the signal that can lead to a quality decision about your cryptocurrency market activities is very critical to your sucess as a trader or investor of cryptocurrency!

[Google+]

the analytical techniques you do will not always be able to provide precise accuracy sometimes you will get losses because each price movement will never be the same as the previous movement.

[martabaktelor]

Crypto analysis is indeed very difficult and crypto is very difficult to predict. It might be different in 2017 that crypto prices are more stable and prices are increasing. And everyone can analyze that the price of coins will definitely increase. But crypto is different in 2018 that prices are slowly falling because it is difficult to analyze and until now prices have declined.

[JMD07]

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?

Sometimes TA can help us to see a pattern but not most of the time because I believe the price of bitcoin has no pattern and it's unpredictable.

[Dilireba]

It works, technical analysis is very important in crypto trading, as you know, not only in crypto but also in stock and forex market, technical analysis is not always right, there are many factors which decides price movements, in many cases technical analysis does not give exactly results.

[jonhn772]

Of course technical analysis is very important things in crypto trading. Cause without technical analysis we can't take any perfect decision when we can buy or sell coins. It is very profitable way for a trader to take entry or exit by watching technical analysis.

[South Park]

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.

I disagree with the idea of trying a mixed approach, if you want to use technical analysis then that is fine and if you want to use fundamental analysis that is fine as well but to try to use both is going to be incredibly difficult to an inexperienced trader because he will have so much information at this disposal that he will not know what to do with that information.

[nghiemtamk]

Of course that there is no universal solution and no one can tell you that there is a thing that works 100%. Not a single analysis works 100% in any trading market, let alone crypto market. I've read some posts where members were saying that none of the mentioned analysis works and that we just need to act. It sounds hopeless, it sounds like you are comparing it to gambling and not a single win can be explained reasonably. So, everything is useless? You do something, you win some, you lose some, you try smth different the next time and that is how it goes? I highly doubt it.

[South Park]

Of course that there is no universal solution and no one can tell you that there is a thing that works 100%. Not a single analysis works 100% in any trading market, let alone crypto market. I've read some posts where members were saying that none of the mentioned analysis works and that we just need to act. It sounds hopeless, it sounds like you are comparing it to gambling and not a single win can be explained reasonably. So, everything is useless? You do something, you win some, you lose some, you try smth different the next time and that is how it goes? I highly doubt it.

That is the problem, people want something that works 100% of the time and that is not possible, what it is possible in trading is to create a method that works a certain number of times and after a long time you will get profits since you win more than you lose, that is possible but it requires a deep knowledge about what you are doing and why you are doing it.

[Naficopa]

Technical analysis assumes cyclical repetition of certain processes and psychological behaviors. I think it can work in very short periods of time (a few hours, a maximum few days). The cryptocurrency market is still small, which is why it is not resistant to manipulation of whales. It is enough that one large investor decides to take action and technical analysis stops working. Therefore, it is very risky to use technical analysis on the cryptocurrency market.

[vixcious]

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 is very useful for crypto. especially in margin trading. You need to have a good knowledge of technical analysis to predict its price will increase or decrease in a short period of time.

[political1907]

Technical analysis works for crypto. But you need to know how to read the graphics correctly. You also need to know how to combine news and graphics.