Is technical analysis useful?

[sajeebur rahaman]

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

I can show you the magic of some technical analysis,
Anlalysis Link : https://www.tradingview.com/chart/BTCUSD/SWxeXsAA-BTCUSD-ANALYSIS/
https://www.tradingview.com/chart/ETCBTC/UcM6vike-ETCBTC/

You will see so many,

[SuperTA]

Technical analysis can be very usefull , yes! But it also depends on other things, like who made that tehnical analysis. Some experienced proffesional with high score history or some wannabe unexperienced new trader.

[devollito]

Even in crypto trading it is still usefull for making decision when the right time to buy. Technikal analisys is the best way to see how market behavior are. How people react to the market from volume and movement. Moving average and so on. For daily trader it is very usefull nase on my experience.

[Eva_me]

Of course technical analysis is necessary for trading! But do not forget about the fundamental analysis. News gives a start to the behavior and the mood of the market. Understanding that now there will be a bearish (or bullish) attitude + the correct technical analysis of the graphs enables the trader to earn

[abrr]

You can take information about technical analysis into account, but try to do the analysis of cryptocurrency market yourself for perfect trading

[dsaijz03]

In some trading area Yes but not fully in a sense that you will gonna depend only your decision on it. Some say it is useful but some do not like it maybe because they find it not useful on there part.In my part I sometimes use also my fundamental analysis to decide, both technical and fundamental analysis sometimes in a way that even we use our technical analysis but because we cannot clearly predict the price of cryptos like whos gonna buy or sell and how big it is we use our fundamental but still technical is also useful.

[eekkaa]

of course analytical techniques are very useful because if you look to be able to determine the right time to buy and sell coins in need of a very strong and high level of analysis so you can get a lot of profit. when trading skills are very useful.

[alvinmtp]

Despite the actual fact that i'm a follower of the central examination, I do trust that each the techniques ar useful whereas anticipating the conceivable outcomes of the pattern which will occur in a while. no one will anticipate the precise future developments nonetheless the expectation of the conceivable outcomes of the patterns facilitate North American country to come to a decision the productive exchanging/contributing systems. With regards to the fundamental quantity, I do depend upon principal investigation for the mid/long haul and utilize specialised examination for the temporary timeframe define.

[ov3rflow9x]

The technical analysis is not the only tool that provides the information on the market stability. There is also the fundamental analysis that works perfectly together with the first one.

[TRAID]

Technical analysis DOES work, despite what most people will tell you. The more you learn it, the easier you will see the patterns repeating. BUT, it's the not the only factor that affects the price. Crypto is also ran by emotion, news, FUD and stuff like that.

[capoeira]

people don't realize that looking at a chart is allready technical analysis. I doubt there are many outr there in the cryptoworld who only rely on fundamental analysis

[alan2here]

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

In my logical thinking, I do not think the technical analysis is correct. I think that's just all the speculation of its creator. The speculation is never correct. If the technical analysis is correct then there will never be investors losing money. : D
So I advise you not to believe in chart analysis. It's just a joke.

[Coin-1]

I think that the technical analysis is almost useless, because the crypto exchange markets are manipulated by the whales. You better to rely on the trustful news, or the significant events in the economics or politics, or new regulation in the field of crypto currencies. The financial decision based only on the technical analysis might be absolutely wrong.

[mario9x]

Technical analysis is necessary for trading, but I think it is not effect. It all depends on the bots. 

[Ryanpogi]

its very helpful a lot to analysis, so here we can see how we can move on to everything or decision. so do you make the decision most important is to analyze ... thanks ..

[mrproblem]

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

If you have same template over a period for 3 times that means it can happen as 4th. According to coin trends also you are able to see some trend templates on some periods. So there can be  some replication also for their future.
So technical analysis can give something to you but it can not say exact future.

[shipon01683]

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

I am beginner . but somedays ago i do practice technical analysis. after when i do buy any crypto coin first i do technical analysis. after i do select when i will buy and when i will sell. i think technical analysis not give you 100% idea. but give you 80% or 90% idea . so you need technical analysis.

[RoolBi]

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

I am beginner . but somedays ago i do practice technical analysis. after when i do buy any crypto coin first i do technical analysis. after i do select when i will buy and when i will sell. i think technical analysis not give you 100% idea. but give you 80% or 90% idea . so you need technical analysis.

If you use technical analysis to invest then I think you should stop at 5% profit margin. I have invested in this market according to technical analysis, but greed has failed me.

[lukex]

In my opinion TA is useful for the crypto market but we need more steps to make it easy to use. I have tools like CryptoHopper and you can make good profits from it - mostly in side markets.
Be very careful in order to not loose money. I have experienced that is is often useful to look up your strategy in the trading forums. On some days I even made 1-2%. But when the market goes down very fast you should have a good trigger 

[abayan]

In my opinion TA is useful for the crypto market but we need more steps to make it easy to use. I have tools like CryptoHopper and you can make good profits from it - mostly in side markets.
Be very careful in order to not loose money. I have experienced that is is often useful to look up your strategy in the trading forums. On some days I even made 1-2%. But when the market goes down very fast you should have a good trigger 

In what you are doing or using, i think technical analysis is useless because it was only by a bot and you will not going to learn on it. Your trades is all set by your own self. Technical analysis is very useful if you are the one whose making and analyzing every chart and price movements based on whales.