crypt0heaven
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February 14, 2018, 07:57:43 AM |
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Do you believe in the reliability of information obtained by technical analysis on crypto-currency market?
Definitely, if you do it right it helps you to identify breakouts and possible moves. For me TA really helps to find bottoms, which in the end is my best possible entry point.
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Bitcoincole
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February 14, 2018, 07:58:02 AM |
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For really great tips in trading & reading charts join the Crypto Academy on Discord. The knowledge center is a pretty good read. Here is the link. https://discord.gg/dVTp2kNYes, technical analysis are very useful in decision making because it will take you to determine whether to go for it or just take another time in giving the best deal to have a better profit ahead, where the bitcoin has continually gain it's value in the market.
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vv181
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February 14, 2018, 08:02:45 AM |
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Well, there is no legit proof Technical analysis will greatly enhance our trade. But I'm sure most people believe in it, and use the technical analysis at the same time. So, indirectly when everyone trading based on the technical analysis, the chart will and should be valid.
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carlfebz2
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February 14, 2018, 09:39:59 AM |
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Do you believe in the reliability of information obtained by technical analysis on crypto-currency market?
Definitely, if you do it right it helps you to identify breakouts and possible moves. For me TA really helps to find bottoms, which in the end is my best possible entry point. In this way I do make use of this technical tools which you can really identify breakouts,resistance and supports that will able to make decisions on where you do make orders either buy or sell since you do have insights or borders in where prices go.In my situation I do make use of technical analysis and theres no really doubt on that one and ive been using it since I do engage on trading field.
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Vask
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February 14, 2018, 10:10:37 AM |
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Do you believe in the reliability of information obtained by technical analysis on crypto-currency market?
I have already seen many times that the technical analysis does not work on the crypt, and I work the news very well! Perhaps because the market is young and developing constantly, little history and strongly influenced by various information outliers!
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nl247
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February 14, 2018, 10:47:08 AM |
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Yes very usefull for me because by know it we can decide which level price should be to buy and sell the coin. From technical analysis we will know also about overbought and oversold area, up trend and downtrend.
I have been using TA for a while now but one thing I have always learned to make use of is my stop loss. Normally, in any market, you cannot always get it 100% right all the time, even with TA and fundamentals, so you have to give room for all of that, but at least, you should be making more of profits than losses with them intact and as long as you also have your stop loss intact once in a while.
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virasisog
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February 14, 2018, 12:37:33 PM |
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Do you believe in the reliability of information obtained by technical analysis on crypto-currency market?
Yes ofcourse, technical analysis is a big factor that helps a trader and it is widely use for traders and in stocks market most efficiently. It helps forming an idea where are the points to keep on track to have a good entry either to buy or sell.
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naikturun
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Undeads.com - P2E Runner Game
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February 14, 2018, 01:06:55 PM |
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Do you believe in the reliability of information obtained by technical analysis on crypto-currency market?
I do not really trust the information on market cryptocurrency. I believe to see firsthand how the market changes every time and it can be seen every day with self-understanding in order to have results and views that we can analyze ourselves to determine an accurate information.
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1Referee
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February 14, 2018, 02:56:08 PM |
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Well, there is no legit proof Technical analysis will greatly enhance our trade. But I'm sure most people believe in it, and use the technical analysis at the same time. So, indirectly when everyone trading based on the technical analysis, the chart will and should be valid.
The 'proof' is that technical analysis works, and doesn't work. It works when the market is relaxed enough to function as plaything for whales, and doesn't work when suddenly greed/emotions/fear/panic kick in, which is even for whales something they can't control. The main thing with technical analysis is that if enough people think more or less the same, it will work, but only until greed/emotions/fear/panic start knocking on the door. Current market allows technical analysis to be functional and somewhat accurate, but for long.
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el kaka22
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www.Crypto.Games: Multiple coins, multiple games
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February 15, 2018, 07:00:11 PM |
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Yes very usefull for me because by know it we can decide which level price should be to buy and sell the coin. From technical analysis we will know also about overbought and oversold area, up trend and downtrend.
I don't think these data will work every time in the crypto world. Because what I know is any small bad news can easily change complete market condition in a crypto market. But when markets are in good mood then surely based on these data we can make some quick bucks. Along with all these data we also need to watch the market news carefully otherwise we can easily go wrong. Yes, it is still a news controlled market and so are other markets. However, this is the reason why no one should stay in a market even though the TA shows them a positive sign and the market looks like it is not ready to obey it. It is always better to know the extent you should stop a loss than continuing with it and stomaching a huge loss at the end of the day. We cannot always be 100% green, there must always be some little percentage for losses and no reason to gamble it, but better to take that small loss. Usually a big profit to small loss ratio anyway.
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mrproblem
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February 15, 2018, 07:03:32 PM |
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it is useful to know most probable one in most of situation possibilities. so this means analytic is not define the exact future..
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neite99
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February 15, 2018, 07:16:17 PM |
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it is very useful in my opinion because it gives you an insight about the decision making. Sometimes it can mislead you but at least you are not depended on luck but on analysis and even if you lose you wouldn`t care too much after you have done your analysis in a correct way .
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SimpleDex.org
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February 15, 2018, 07:49:09 PM |
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As many traders say only resistance and support levels work
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thycrypto
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February 15, 2018, 08:22:50 PM |
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yes, there is some really insightful technical analysis paid groups that do their research and post what they think of trades. I tried one and its harder than I thought. You had to buy and sell at his exact prices and be cautious. Also, there are 'no losses'. They say if it tanks and doesn't get at the sell price to make the gains you just have to hold
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andrey111
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February 15, 2018, 08:25:30 PM |
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Ofcourse, why not? A lot of traders analyze the market in this way. If it is combined with fundamentalamnal analysis, it turns out to be quite a working tool.
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sotoshihero
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February 15, 2018, 10:49:57 PM |
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it is very useful in my opinion because it gives you an insight about the decision making. Sometimes it can mislead you but at least you are not depended on luck but on analysis and even if you lose you wouldn`t care too much after you have done your analysis in a correct way .
TA is very usefull indeed if its a natural growth or data and not manipulated. But for a manipulated one its hard to derive an assumption.TA is only a guide and an aid in making decission whether to buy or to sell your holdings.For a trader,you must invest time to learn this things,very useful.
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triciaa478
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February 15, 2018, 11:27:47 PM |
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Technical analysis is one of the most important factor in determine your entering and existing point when trading. But you must ensure you have fundamental analysis backing you.
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Hemady17
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February 16, 2018, 01:32:33 AM |
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Do you believe in the reliability of information obtained by technical analysis on crypto-currency market?
I'm quite good at trading in stock market because of technical analysis but here in cryptocurrency relying solely on technical analysis is not enough. You need to supplement your analysis using fundamentals and current events. It is easily manipulated by news and government agency trying to inject regulations. On the other hand you can use this weakness in to your advantage.
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TravelMug
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February 16, 2018, 01:57:23 AM |
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Do you believe in the reliability of information obtained by technical analysis on crypto-currency market?
I'm quite good at trading in stock market because of technical analysis but here in cryptocurrency relying solely on technical analysis is not enough. You need to supplement your analysis using fundamentals and current events. It is easily manipulated by news and government agency trying to inject regulations. On the other hand you can use this weakness in to your advantage. It is because the market is based on pure speculation that's why TA would never really work. I also on stocks before, but I was totally shocked as how crypto market's volatility. The price can literally changed in a blink of an eye. I personally witnessed it when my investment suddenly drop $500 in an instant. Plus their is FUD who's seems to continue whether the price goes up or down. And I now understand that volatility and fake news in part of this market.
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cryptoimal86
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February 16, 2018, 02:06:52 AM |
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As my experience, we cant get 100% accurate result from only from TA. In crypto trading, market depend on several factors including TAs. For a example, if one coin says 25% uptrend from TA, what will happen if btc drop 25%.
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