nik9990
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First Islamic Crypto Exchange
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May 31, 2018, 07:12:49 PM |
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technical analysis is one of the factors of trade analysis, but it is not the main one in the crypto-currency trade
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jenktosar
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May 31, 2018, 07:24:40 PM |
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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.
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iambakov
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May 31, 2018, 07:44:15 PM |
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The technical analysis is excellent, but it must always be compared with the fundamental analysis and - anyway - keeping in mind the context in which we move: while the forex is more stable, the crypto world is very sensitive to rumors, so always have a eye on what's going on behind the charts
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Katfilka
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May 31, 2018, 07:47:58 PM |
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Correct and detailed technical analysis in conjunction with fundamental analysis has always been a powerful tool in the hands of an experienced trader. But technical analysis only works where there is a history of trading for several years. It is extremely difficult to apply technical analysis to new cryptocurrencies.
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The Sceptical Chymist
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Top Crypto Casino
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May 31, 2018, 07:51:10 PM |
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It should be compared and combined with fundamental analysis.
Say what? People generally do one or the other and, I would add, if you practice fundamental analysis then there's no reason for TA. Technical analysis IMO is akin to voodoo or holding a prayer circle before executing a trade. I also think TA people think they see patterns when there are none and rely on past data to predict future data--and that's been proven to be a wrong way of perceiving the market. Thus I have never used TA in any of my trades, in bitcoin or in the stock market. I have used fundamental analysis in the latter, since stocks lend themselves to that very nicely. Crypto? Not so much, since there aren't any real "fundamentals" to analyze. There's no business, no dividends, management, or earnings that you can look at to get a feel about the health of a coin. There's only supply, demand, and rumor/news. I can see why so many bitcoin traders use TA, because there isn't much else to do except to look at charts. I don't think most of them are successful, though.
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Kevondo
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May 31, 2018, 09:43:01 PM |
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With this small market, I just believe in new news, technical analysis I often find inaccurate
Actually I do believe in this tool called technical analysis which is used to know about the business and trading opportunities and also to evaluate its security by analyzing data and statistics gathered from trading records. This tool helps you take good decisions in terms of profitability in the market and helps you escape illiquid and unstable assets which often are made look attractive in the market so yeah the tool is great.
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makolz26
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May 31, 2018, 10:16:11 PM |
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With this small market, I just believe in new news, technical analysis I often find inaccurate
Actually I do believe in this tool called technical analysis which is used to know about the business and trading opportunities and also to evaluate its security by analyzing data and statistics gathered from trading records. This tool helps you take good decisions in terms of profitability in the market and helps you escape illiquid and unstable assets which often are made look attractive in the market so yeah the tool is great. It is useful for experts in trading so I think that it is really useful for traders, I believe in experts saying that it is a good tool and can help traders in analyzing, so why not make it a tool as well so that we can see those differences and we can make strategy which tool we are comfortable at.
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ylnar123
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May 31, 2018, 10:23:31 PM |
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Do you believe in the reliability of information obtained by technical analysis on crypto-currency market?
Technical analysis is very useful because we as traders have methods and techniques to avoid any loss on our trades. This alone prices that analysis plays a vital role in every trades we do. Cyptocurrency trading is not only trading without analysing the market, it needs techniques and proper monitoring to be successful.
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gandhe83
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June 01, 2018, 01:05:12 AM |
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The technical analysis is excellent, but it must always be compared with the fundamental analysis and - anyway - keeping in mind the context in which we move: while the forex is more stable, the crypto world is very sensitive to rumors, so always have a eye on what's going on behind the charts
Technical analysis of candlestick charts is very important in determining the buy zone and the direction of the market over the next period. If possible learn a variety of technical analysis methods. Continuing to keep track of market movements and related news will help you capture the trend.
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cryptoalfs76
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▰▰▰ MODULE ▰▰	
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June 01, 2018, 02:00:43 AM |
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Do you believe in the reliability of information obtained by technical analysis on crypto-currency market?
actualy in my own thought technical analysis on crypto currency market is very useful,because in there you can determine the data statistic of cryptocurrency is going up or going down,and by this information of technical analysis,you can decide on what to do in your investment trading in cryptocurrency either you can continue to moving forward of your investment or you most stop for a while and find another kind of reliable resources of bussiness.
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metribitcoin
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June 01, 2018, 02:48:34 AM |
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Yes usefull but does not work fully accurated, we should also learn about fundamental analysis to make prediction work better. Technical analysis is basic of all kind of trading, and we should have knowledge about it to understand price action. For day trader is should be learn more this methode analysis , and for long term trading also need learn about fundamental analysis.
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ApocalypseNow
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June 01, 2018, 05:46:10 AM |
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Useful if the news is also favoring it. If your technical analysis shows that your altcoin has a high chance of breaking the trendline or support but here comes the news that is all about FUD then your TA is just worthless.
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ToyotaFortuner
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June 01, 2018, 06:44:32 AM |
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it seems like analytical techniques can help to determine the right time to buy and sell coins but sometimes not all analysis techniques can be just as good you better be more careful.
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ov3rflow9x
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June 01, 2018, 09:41:41 AM |
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To my mind, technical analysis brings the crypto market these necessary instructions that you need whenever you are doubtful of whether it is beetter to invest or to sell some coins.
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chamika888
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June 01, 2018, 10:02:10 AM |
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technical analysis is a good thing but we cant 100% rely on technical analysis because it is not the only way to make a good decision. It should be compared and combined with fundamental analysis.but in cryptoThe next price movement is really unpredictable because small bad news can easily change complete market condition in a crypto market. also there are many factors that affect it . the best way is long-term holding .
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jackky
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June 01, 2018, 10:12:51 AM |
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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.
But we can also analyze wrong. We will never analyze exactly 100% in the crypto market. Because the crypto market grows very erratic. can rise and fall every hour
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Roksodhon
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June 01, 2018, 10:19:03 AM |
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Most of the traders are using technical analysis. And All the technical, fundamental analysis works together well. You can easily understand the trend too if you have expertise. Without technical analysis our trading feels like a gambling.
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Tapyaks72
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June 01, 2018, 10:21:54 AM |
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it seems like analytical techniques can help to determine the right time to buy and sell coins but sometimes not all analysis techniques can be just as good you better be more careful.
Technical analysis is very useful in determining the real scores of cryptocurrency the price correction and the prediction on the future, although it is not precise but it almost accurate, because statically every numbers will follow a normal curve and a certain norm.
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margaret22
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June 01, 2018, 10:24:22 AM |
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It is definitely useful, helps to understand a bit more what is actualy going on. But alone, it is not enough to make good trading decisions, in my opinon, there are other factors as well, should be considered.
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cryptoloverlife
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June 01, 2018, 10:31:54 AM Last edit: June 01, 2018, 10:53:04 AM by cryptoloverlife |
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Crypto market is still in its initial stage. I believe the market is still not as big as compared to traditional markets like stocks and forex. Both Technical Analysis and Fundamentals need to be considered to be successful. TA definitely gives a direction to the judgment for getting into or getting out of a trade.
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