Is technical analysis useful?

[Lonego104]

Do you believe in the reliability of information obtained by technical analysis on crypto-currency market?

Technical analysis is still useful even in very volatile market such as cryptocurrency. Although not that accurate but still you have a basis for your entry or exit. It just you need to be extra careful on interpreting your figures in technical analysis.

[poplolnman]

Do you believe in the reliability of information obtained by technical analysis on crypto-currency market?

Why not to believed? This technical tools is very helpful into crypto trading.Might not work anytime on the trade we would made but somehow its do really adds up the chances that we are hitting the right path on such price movement of coins.It is indeed useful into my side and i do rather make use of these stuffs rather than on just focusing on listening and reading up fundamentals.

Numbers are never lies but this is an exceptional, sometimes when you have to believe in technical analysis it looks there is a pattern that looping time after time , which in the end makes people doubt about that factor exist or even just have an effect.

[jatin729]

As we all know there are two type of trading analysis technical and fundamental analysis, in crypto currency trading we use technical analysis but it can't be 100% accurate.
and one thing more in cryptocurrency trading price of token is calculated by demand and supply of particular token.

[serjent05]

Do you believe in the reliability of information obtained by technical analysis on crypto-currency market?

Why not to believed? This technical tools is very helpful into crypto trading.Might not work anytime on the trade we would made but somehow its do really adds up the chances that we are hitting the right path on such price movement of coins.It is indeed useful into my side and i do rather make use of these stuffs rather than on just focusing on listening and reading up fundamentals.

Numbers are never lies but this is an exceptional, sometimes when you have to believe in technical analysis it looks there is a pattern that looping time after time , which in the end makes people doubt about that factor exist or even just have an effect.

Yeah, this is where trade analyst look and study.  They are able to identify entry points by just looking at the candlestick.   Using technical analysis, they are able to predict with more accuracy the movement of the price of an item.  But of course it is not 100%, this is just used as reference because nobody knows what will happen on the future especially on the cryptocurrency market.

[gabmen]

Do you believe in the reliability of information obtained by technical analysis on crypto-currency market?

Why not to believed? This technical tools is very helpful into crypto trading.Might not work anytime on the trade we would made but somehow its do really adds up the chances that we are hitting the right path on such price movement of coins.It is indeed useful into my side and i do rather make use of these stuffs rather than on just focusing on listening and reading up fundamentals.

Numbers are never lies but this is an exceptional, sometimes when you have to believe in technical analysis it looks there is a pattern that looping time after time , which in the end makes people doubt about that factor exist or even just have an effect.

Yeah, this is where trade analyst look and study.  They are able to identify entry points by just looking at the candlestick.   Using technical analysis, they are able to predict with more accuracy the movement of the price of an item.  But of course it is not 100%, this is just used as reference because nobody knows what will happen on the future especially on the cryptocurrency market.

For alts probably, for btc? Most of the time no. Sonce btc is basically the one alts react to, its extremely hard to base your ta on anything with btc and a lot of ta's miss predictions with bitcoin.

[eaLiTy]

Do you believe in the reliability of information obtained by technical analysis on crypto-currency market?

It is really difficult to take precise take on the future just by the help of technical analysis and charts,the volatility is really high and you never know when the market is going to rise or fall as it is hard to determine the specific factors that rule the market,but one thing that is detrimental in market movement is the news around the globe regarding crypto currency,the market moves according to the news most of the time.

[malikusama]

Do you believe in the reliability of information obtained by technical analysis on crypto-currency market?

Cryptocurrencies market is unpredictable which means you can't completely rely on it but i also believe that analysis works if you have got any experience in the market. If you are trading here in cryptos you should go through the technical aspects of the coins you are going to invest, although the success is never guaranteed.

[hatun]

Do you believe in the reliability of information obtained by technical analysis on crypto-currency market?

I believe undoubtedly. If you have enough technical skill, you will be able to understand buy signal and sale signal. Thus you can decide on buying and selling.  You can certainly invest wisely and generate profit

[civiszero]

I think technical analasys is for gamblers

[Victorycoin]

It may be useful somehow but it shouldn't be the exclusive tool to be used to take market based decisions .
In another hand, the hypervolatility of such market can extremely decrease the rightness of some taken decision ( based on technical analysis )

You could not have said it any better! TA is not a destination, but one of many means to arriving at sound trading decisions. Any knowledgeable trader would agree that trading decisions reached via TA, are more likely to hit the bull in the eye than would ever be possible without any form of TA. There're may traders who could come forward with a million and one reasons why TA won't work with cryptos, but they're no doubt in the minority.

[mrproblem]

It is always useful to use statistical analysis. This means you will not reach the exact finding but the possibility.
So you can act every time according to possibilities if you use analysis or not..

[lenovo16]

Do you believe in the reliability of information obtained by technical analysis on crypto-currency market?

If you are doing a day trading, then yes technical analysis are more suitable for you. Like for example you are ask to monitor the price movement of bitcoin. And you are try to identify which part of the day it will pump or own. By that it will be eady for you to know when is the right time to buy and when is the right time to sell. So you could have enought income.

[capoeira]

people forget that at the moment you are looking at a chart, you are making a technical analysis. even if it just to identify a breakout.

[moneytome368]

Technical analysis helps you identify the best buy and sell. In addition, you should observe the buying power and sell a coin between the floors together to make decisions for you!

[stomachgrowls]

Do you believe in the reliability of information obtained by technical analysis on crypto-currency market?

Why not to believed? This technical tools is very helpful into crypto trading.Might not work anytime on the trade we would made but somehow its do really adds up the chances that we are hitting the right path on such price movement of coins.It is indeed useful into my side and i do rather make use of these stuffs rather than on just focusing on listening and reading up fundamentals.

Numbers are never lies but this is an exceptional, sometimes when you have to believe in technical analysis it looks there is a pattern that looping time after time , which in the end makes people doubt about that factor exist or even just have an effect.

Yeah, this is where trade analyst look and study.  They are able to identify entry points by just looking at the candlestick.   Using technical analysis, they are able to predict with more accuracy the movement of the price of an item.  But of course it is not 100%, this is just used as reference because nobody knows what will happen on the future especially on the cryptocurrency market.

For alts probably, for btc? Most of the time no. Sonce btc is basically the one alts react to, its extremely hard to base your ta on anything with btc and a lot of ta's miss predictions with bitcoin.

I disagree with that yet ive known some btc short day traders which they do make use of technical analysis.Results or movements might not be precise or accurate but yet they do have the idea on which prices they would tend to go in.I would say chances are still on half and its much really better rather than on not using at all. Even support and resistance identification will really be helpful to you for sure.Its always been part of the analysis as a trader.

[DanielRR1997]

Yes. TA is basically a research technique that helps you identify trading opportunities in market based on the actions of market participants. The actions of markets participants can be visualised by means of a stock chart.Over time, patterns are formed within these charts and each pattern conveys a certain message. So TA basically helps you develop a point of view based on this pattern and helps you to define a trade by considering price at which one should buy and sell stocks.

[toxic0n]

Despite the fact that I am a devotee of the central examination, I do trust that both the techniques are helpful while anticipating the conceivable outcomes of the pattern that may occur later on. Nobody can anticipate the exact future developments yet the expectation of the conceivable outcomes of the patterns help us to decide the productive exchanging/contributing systems. With regards to the time period, I do depend on principal investigation for the mid/long haul and utilize specialized examination for the brief timeframe outline.

[gabbie2010]

Technical analysis is based on information obtained from previous price data which is programmed to predict the future of the price, be as it may in most cases these TA do fails because they usually lag with the price and price must have moved significantly before an indicator gives a signal considering the fact that Cryptos are very volatile, a trader would have placed a trade when the price is about to reverse based on TA. Personally  I preferred price action with Japanese candlestick patterns formed at a support or resistance zone which are usually influenced by FUDs.

[crypto_sagor]

It is foolish to just trade technical analysis. If you trade with the combination of news and technical analysis, you can succeed.

[BILGPS]

Yes the technical analysis is very good for the crypto market if the information regarding bitcoin is reliable then then it is also good to make some technical analysis for bitcoin and for some other crypto if we have he past data should find out the future through extrapolation through technical analysis and this will be good for those who have spent much time into bitcoin.