Is technical analysis useful?

[illnino]

Technical Analysis is very useful for determining the direction of the market.  Technical Analysis may not be good as a tool for speculation,  But TA will not keep you in the dark as far as market condition is concern.  You can make bold move because of TA.

Surely. I do not understand why still some people have some worries and doubts about it. technical analysis helps to understand the potential growth (or fall) of a coin. I am always following the charts

[kolega]

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

It can and should be used. But also use the fundamental analysis, follow the news, read the opinions of the best experts, attend the chat rooms of investors and traders. Conclusions on the basis of all the information received. Technical analysis is an auxiliary tool.

[cr_liev]

It can be applied to the crypto market.  Though, it is a new, not well studied sphere, unpredicted and highly manipulated. I would stuck to the "buy-hold" scheme, which is more profitable.

[James andrew]

I believed that some skill is need for trading
So technical analysis is useful for trade and watch some technical YouTube video

[BUK2016]

Technical analysis is very useful in making trading decision although, it is always advisable to take into consideration the fundamental aspect of the market analysis as that has a serious effect on the market too.

[00DKM@]

In my opinion, technical analysis and charting skills are necessary and important to have the optimum effect in the commercial crypto market.
performed technical analysis and charting are invaluable tools to help predict direction, movement, support levels and resistance levels.
In addition, each analysis has its own characteristics and investors are encouraged to learn to determine the risk and profitability of the trading process.

[GeniusAko]

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

Of course it is! Many people are using technical analysis because the information that they are getting is reliable. I also using technical analysis for me to easily predict what will happen to the price of the coin.

[Firdausiii]

Doing technical analysis helps you is some way, it gives you a hint that how the crypto market is working and in which coin you have to invest or not. I will not suggest you to invest your money only on the basis of technical analysis because it doesn't give a brief knowledge.

I will just compare the analysis with my own analysis if the analysis is the same then I will use it. And I do not really believe in the analytics techniques available on the internet

[CaptainKrypto255]

TA is useful for seeing how the market will fluctuate and predict movements. But of course all of this will only be useful if you practice your fundamental analysis skills!

[fearcoka]

In my opinion, technical analysis and charting skills are necessary and important to have the optimum effect in the commercial crypto market.
performed technical analysis and charting are invaluable tools to help predict direction, movement, support levels and resistance levels.
In addition, each analysis has its own characteristics and investors are encouraged to learn to determine the risk and profitability of the trading process.

According to my experience, the technical analysis is simply the tool created by the whale. In the past, did you try to ask where that technical analysis created? You don't know why sometimes, these technical analysis skills can help you get profit. So, there is no data; technical analysis help you get money, it's merely a tool to help the whale know what's thing almost investor are thinking to create the strategy to deal in the market.

[Omegasun]

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

Of course it is! Many people are using technical analysis because the information that they are getting is reliable. I also using technical analysis for me to easily predict what will happen to the price of the coin.

It still needed, the market offers many coins to choose that will need to identify how we will be able to earn from it since there are many coins around that some are not good to have.

[angrynerd88]

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

Crypto currency market have massive potential and it is increasing and same time competition also increasing,Earning high will be difficult but the technical skill and analysis will make you different and will take right decisions accordingly will result good profit.

[Kunlejoe0]

Definitely! Technical Analysis is  very useful to determine present market conditions and to forge a plan or have an idea of where the market is heading. We must use technical analysis together with other tools to obtain the desire result in trading.

[mast3rm1nd]

for me Technical analysis is like story telling, it will justify the news and trends and will tell you why the price behaves in such ways. however I don't think it can be used reliably to predict future events and base trades on those future events. I use TA to identify trends, if the coin I am interested is on a bullish trend or bearish one.

[itsik78]

my opinion technical analysis necessary such a category of people as traders. for curiosity I watch the technical analysis and I made a conclusion on the course almost always affect news. Of course I mean world news

[ducphucmmo]

I believe in technical analysis combined with fundamental analysis and price action/market sentiment. It help me a lot in speculating the possible support and resistance of a coin. Technical analysis is mathematical formula and it is effective simply because majority of traders use it so somehow you will have an idea of what are the traders reaction would be when that price is hit. The market is managed by large players who are very familiar with technical analysis and always direct the market in the context of technical analysis

[beverly788113]

We still need technical skills even support some already hire advisors for this area so they will not missed a chance in crypto world and too managed effectively their alts, we know that are really lot of news mostly from FUD that makes the market move uncomprehending so we still need to skills to determine whether the fud is legit or not. That experience of technical analysis useful to coins concept of market.that is business ethics are equaly point to tecnical process.By processing historical market data of any instrument, you can try to anticipate how it should be traded

[bealjulian]

Technical analysis does not work in the market of crypto-currency in full. The trading of crypto-currencies does not yet have a history of trading. But you need to know the basics of technical analysis you need to know. Despite the actual fact that i'm an addict of the central examination, I do trust that each the techniques area unit useful whereas anticipating the conceivable outcomes of the pattern that will occur afterward. no one will anticipate the precise future developments

[Ranly123]

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

Based on my understanding, yes. Technical analysis makes a big difference when you are investing in cryptocurrency. Why? Because it can give you a scientific proof on how the market is moving and when is the right time to invest and sell our stocks.

[0RajA0]

There is lots of useless technical analysis on the internet right now. This is how you can spot  technical analysis not works on crypto market. Technical analysis should work to some percentage because it is a good tool to find out the market sentiment.