Is technical analysis useful?

[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.

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.

no 5% i make good profite but i mean technical analysis give 90% idea but not 100%. so its your option

[stellgod]

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.

Technical analysis is one of the most important thing which almost all the traders need to know as this gives you a fair idea of the future market value of different crypto coins and that you need to make your plan accordingly. So, if you don’t have enough of the technical knowledge and awareness regarding the things, then it will be very much difficult for you to make the right decision.

[bitgolden]

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.

That is big enough for a newbie to even get to know about some major part of trading that how to do and when to do. Definitely there is no perimeter that defines for you that how much you are getting the things done for you in future time, like prediction. But still you have to notify these things at your own. And there is no better system other than technical analysis to identify.

[jeepuerit]

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.

It's hard to analyze, so we can grow our investments, but we really need to focus on all the markets and what's going to happen so we know the details and the data. It is a mistake we can only recover it quickly.

[Botnake]

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.

Technical analysis is one of the most important thing which almost all the traders need to know as this gives you a fair idea of the future market value of different crypto coins and that you need to make your plan accordingly. So, if you don’t have enough of the technical knowledge and awareness regarding the things, then it will be very much difficult for you to make the right decision.

Exactly, because you cannot survive in crypto who you do not fully understand the usefulness of the coin your are holding.
The market move due to a reason, you have to find that reason and analyze carefully so you will be able to make a good decision.
You cannot make good decision all the time because we are just predicting here but making good decision most of the time is the key to success.

[shesheboy]

analysis or to analyze is usefull , not just usefull but also verry important for us individuals to do on our daily lifes and to cryptocurrency as well because we can minimize the risk of loosing if ever we learn how to analyze on what we invest before purchasing it. Technical analysis on the other hand seems to be more complicated than a word analysis alone , i guess technical analysis is only usefull for smart people that can handle any technical aspects in regards to cryptocurrency.

[cemburu]

I do not believe in this.
The reliability of the information obtained by technical analysis in the crypto-currency market could be wrong. Cryptocurrency market is very unstable price movements.
Everything can change even in minutes All can change.
Fixed prices because users who make a sale or purchase will affect the price in the Cryptocurrency Market.
The existence of technical analysis of Crypto money is not very effective.

[coinsontheroad]

I do not believe in this.
The reliability of the information obtained by technical analysis in the crypto-currency market could be wrong. Cryptocurrency market is very unstable price movements.
Everything can change even in minutes All can change.
Fixed prices because users who make a sale or purchase will affect the price in the Cryptocurrency Market.
The existence of technical analysis of Crypto money is not very effective.

I would disagree in my experience using TA on crypto. With the exception of BTC (sometimes), other coins respond to TA practices. Supports, resistances, shapes, elliot waves. They've all worked for me at one point or another.

[DevilSlayer]

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

You can get reliable information from technical analysis. There are many traders who are getting information from technical analysis because it is a great way for them to make decisions properly.

[Ehilamale]

It's an attempt to predict the future, which means it's impossible. The technical analysis was invented by crazy people.

[Rebisco]

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

You should use technical analysis in order to predict the price of the coin. You should also enhance your technical analysis skills for you to understand the candle stick chart easily.

[elbimbo012]

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

Technical analysis alone won't be a gurantee that  what it signals may reliability happen some aspect may matter also for coins movement are good  news of the coins Market condition, volume, status of coins if over bought or not. there should be a lot to consider inorder to identify  tje movement of coins not only technical analysis. 

[mronezigger]

Analysis is very good in trading,you have to  introduce technical anylsis in your trade it help's in decision on market

[v0rtecxz]

I do not think it will be effective in analyzing price movements, because price movements can be caused by scattered news and depending on the good or bad news, if bad news like yesterday will be a lot of people panicking and selling their bitcoins simultaneously, so make sure prices will decline rapidly, so it can be concluded the use of such techniques is not very influential in analyzing price movements

[Baraban66]

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

Technical analysis on the cryptocurrency market is based on history and it can't predict the future. Therefore, in my opinion, technical analysis doesn't work!

[biboy]

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

Technical analysis on the cryptocurrency market is based on history and it can't predict the future. Therefore, in my opinion, technical analysis doesn't work!

For me, sometime it works, we should not just depend on it, we have macd and rsi to use as one of the indicator so we can compare things, technical analysis has an impact for you to know how the market flows with a certain coin but that does not mean that it is accurate too.

[royalbittinz]

The market is very volatile and requiries caution when trading and to be successful in your trading you will need to apply some techniques to help you strike a balance, the results might not be 100% but you will be able to know where to enter the trade that's where technical analysis and fundamental analysis comes to play.

Technical analysis helps to determine the upward or downward trend of a coin and if a coin is overbought and oversold.

[polatbo]

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

Too many people see this question as black and white, and that leads them to losing.  Technical Analysis provides a slight edge. 

However what most people do not appreciate is that edge is quickly lost if you do not have any understanding of risk management, trade sizing, and how to deal with your emotions while trading.

[Pokemoon]

In the event that you utilize specialized examination to contribute then I figure you should stop at 5% net revenue. I have put resources into this market as indicated by specialized analysis.but covetousness has fizzled me.

[spyerf]

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

You can get reliable information from technical analysis. There are many traders who are getting information from technical analysis because it is a great way for them to make decisions properly.

In my opinion, technical analysis should not be too reliable in making decisions, this may not be true. because the good and bad news about bitcoin in the world should be considered, because it has a major influence in the movement of bitcoin values.