Is technical analysis useful?

[Limar0]

Technical analysis is very important when buying and selling coins.Keeping an eye in market price gives you an idea as when to buy coins and correct timing to sell it to have more profits.

[Anandhi]

Technical analysis is very important when buying and selling coins.Keeping an eye in market price gives you an idea as when to buy coins and correct timing to sell it to have more profits.

Technical analysis can be our guideline before making a decision when to buy or when to sell. Without technical analysis our trading feels like a gambling. Hence such analysis is very important.

[geegaw]

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.

Well, technical analysis really gives us an overview of the market, we will see the market trend then recognize the signals that the market brings, that may be a reversal trend and potential buying points. However, things are just relative, that means that we should only consider it as a reference, instead of overly believing in technical analysis, I have seen so many people trust and rely on technical analysis too much then they failed and blamed technical analysis, that is a mistake, they died because of ignorance, they should study and observe more

[rumexx]

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

I have confident using technical analysis for forex trading than using it for cryptocurrency trading. I must confess that i have never use technical analysis for cryptocurrency . But will try it during demotrading to confirm it.

[trexbtc]

Technical analysis does not work very well on the cryptocurrency market, there is more psychology and news, because the market is new. Many participants who are not very well versed.

[Gwapoman]

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

Have you ever seen a Trend pattern board when you play baccarat in casinos?.thats how i see technical analysis in crytomarket trading..You can follow a trend but most of the times its still unpredictable..maybe a combination of technical and fundamental analysis would really help you to determine outcome of the market..

[rafaelyarulin]

Each investor is responsible for the distribution of assets.
Signals and technical analysis are only reasonable assumptions, crypto currency markets are very unstable, so it is always necessary to take care of diversification. It is not necessary to risk all capital, guided by signals.
Each trader should choose his own diversification strategy.

[Duogembrot]

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

I think for the trading players who have the ability to read graphics and very clever to analyze make analytical techniques very helpful and very profitable for those who can understand and utilize it.

[BitProCoin]

According to me, It's useful for daily trading. Also, it can help to give you concept for near future. But no one can give a guarantee that it will definitely happen.

[bosimpson54]

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

I believe that technical analysis is very important and indispensable, technical analysis is the premise that you can start trading altcoin or bitcoin to be able to profit collection, technical analysis as accurate the lower the risk and the higher the profit. So if you want to succeed in trading, study technical analysis and apply to every investment plan.

[jsrenthourse]

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

I believe one thing is that technical analysis is a very important weapon for you to succeed commercially. You can see that the price of bitcoins in the past few days has been steadily increasing and it is hard to predict. So before each trade you need to analyze the technology beforehand with the market information and make a trade plan for yourself.

[valera10]

Technical analysis is very useful, especially if you intend to invest in ICO. Without technical analysis you lose the opportunity to get your money back.

[Elseye]

I don't think that it may help you a lot because crypto market is really unpredictable and it's not always correct to find logics there.

[TTITA]

As long as he doesn't spread fud, i can believe it. Truly the trade in crypto is indeed predictable even though the odds are very small, their technical analysis also has affect in the market movement.

[deppil]

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.

of course it will be very helpful because with that analysis you will get an idea of how the price changes that occur in the market. whether the price will go up or down will depend on your technical analisys. and with that you can formulate what choices you would like to sell or buy according with result of your analysis

[Apened]

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.

of course it will be very helpful because with that analysis you will get an idea of how the price changes that occur in the market. whether the price will go up or down will depend on your technical analisys. and with that you can formulate what choices you would like to sell or buy according with result of your analysis

Absolutely yes, technical analysis is a technique that traders mostly used way back before the old age though bitcoins still not exist in that times. Technical analysis make sense only if you understood what price actions level and indicators indicate what is the possible price mark up or mark down.

[javadevm8]

Technical analysis is the best type of analysis in crypto because there is no fundamentals to really look at.

[Marcel666]

In trading, Yes, you need to technically analyse the market to know when to and when not to. Learn to read charts and know actions to take.

[cheezcarls]

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

To be honest, I would not count on the technical analysis being shown in some sources lately. The market is so unpredictable, especially if analysts are trying to predict it right. No matter if their predictions are for the short-term or long-term, there are no guarantees that their technical analysis are absolutely correct. We just have to be prepared mentally if we rely on the analysis, but not the result as we expected. Just my two satoshis.

[weakhandsgaming]

This is true, 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.