Is technical analysis useful?

[cryptoloverlife]

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.

[Furzo]

In my opinion technical analysis could be our one of the reference while study the market status but didn't predict the price probably technical analysis might know the 10% status of how the market movements but we should make our own decisions and analysis and make proper research and not depend on some unassurance theories.

[KeijiN]

It can be, but the actuall experience is that it is not alway sright, because the price can be affected suddenly by some shit

[Leonard2016]

I believe in fundamental analysis more than technical in this market , the only technical thing i use is for bitcoin , other coins follow bitcoin chart most of the times so I just need to focus on bitcoin chart if i want to do technical analysis.

[Getmon]

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

Of course, technical analysis is very valuable in trading cryptocurrencies. You cannot just trade without any analysis from which you base your trading calls. It is no better than pure gambling if you do not have it. But let me also be quick to clarify that these technical analysis, even if coming from the expert long-time crypto traders, are not 100% certain. There is always a risk involved. After all, the crypto market is not that easy to understand and predict.

[harriette]

It is really difficult to take precise take on the future just by the help of technical analysis and charts,the volatility is really high and you never know when the market is going to rise or fall as it is hard to determine the specific factors that rule the market. If you are doing a day trading, then yes technical analysis are more suitable for you. Like for example you are ask to monitor the price movement of bitcoin. And you are try to identify which part of the day it will pump or own

[parthgajjar]

I disagree with that yet ive known some btc short day traders which they do make use of technical analysis.Results or movements might not be precise or accurate but yet they do have the idea on which prices they would tend to go in. Despite the fact that I am a devotee of the central examination, I do trust that both the techniques are helpful while anticipating the conceivable outcomes of the pattern that may occur later on

[think3214]

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. 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

[coffigayo]

Yes it depends on the situation. You personally prefer to distance yourself from TA, but the basics can turn out to be somewhat helpful when the market is fairly calm, basically like the current market that is sticking to its range. Currently the market is entering a more active phase, the aspect of market predictability is essentially zero, and thus TA is less reliable, even completely unusable. But for basic trading you have to learn it to understand price action.

[mudasarali43]

Yes, of course, The reliability of information obtained by technical analysis on the crypto-currency market is affecting, the Technical analysis is useful and helps to create the decision better in understanding the market in different angels and helps to you take a good decision,

[iged_war]

Yes, of course, The reliability of information obtained by technical analysis on the crypto-currency market is affecting, the Technical analysis is useful and helps to create the decision better in understanding the market in different angels and helps to you take a good decision,

trading without using technical analisys just will make our position and money risky.it silly man that spend their money for uselless thing.or common people said this is gambling not trading.

[Topaz72]

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

It is hard to make 100% of prediction about market price of bitcoin or any other crypto coin, as the price of bitcoin use or crypto currency use to increase sometimes very high and it can be changed thousands of dollar within one month so it is good if we deal with our bitcoin with patience and those who are most expert and old users of bitcoin can make right prediction to some extent, otherwise it is decentralized hard to predict.

[rocketbits]

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

I believe them, although they are not always 100% accurate in their predictions… let’s say that it is 50% accurate or so, but they can be very helpful most times. Just like earlier this year, one of my friends shared with me a prediction that the price will be going up to $15k on April, so invested, unluckily the price didn’t reach $15k, but at least it reached $10k and I made a good amount of profit from the investment I made in April.

[fasdorcas]

technical analysis is a tool for managing risks. that way of course it's useful. If some one trying to "predict" price by using some indicators it can be not that great.

And you are supposed to handle this risky thing. The reason for doing this is, if you just ignore what can be gone wrong, you may be dealing that very soon and ultimately you become a loser.  So don’t just become so stupid and foolish rather keep your mind active and take things seriously. This seriousness would be dealing amazingly with your risks and the ending results becomes great.

[Lukas Tarantas]

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

The last six months show that technical analysis does not work in the world of cryptocurrencies. If in 2017 it was possible to predict the course by analyzing the news background, then in 2018 this too does not work

[Lang09]

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

I think it’s useful, when I’m start trading I only use if I’m get profit just sell them, but sometime when I sell them the price going up again. Then I’m just learn just one TA and applied to the chart it’s can help me when the time to buy and sell although is not 100% true but it’s really help.

[Herbys]

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

According to the expert, one can judge the general state of affairs under idyllic conditions that will not change. But everything changes the output of the next news, in better or worse.
In general, it is impossible to predict with a high probability in the cryptocurrency market.
Some in a difficult situation throw a coin, left to chance.

[admtall]

In technical analysis, most indicators used are formed based on past occurrences. However, technical analysis for me, serves as a guide to know the flow and direction of the market and when been combined with fundamental analysis, yields a better result.

[vinbentrob]

Technical analysis of cryptocurrency is indeed the primary tool you need to be able to to trade in a direction of profit.  TA will not guaranteed your profit but will keep you informed and help you to choose your trade wisely. 

[Herressy]

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

I think it’s useful, when I’m start trading I only use if I’m get profit just sell them, but sometime when I sell them the price going up again. Then I’m just learn just one TA and applied to the chart it’s can help me when the time to buy and sell although is not 100% true but it’s really help.

well this is depends cause we may ever have some chances of being winner while we used this some of the technical analysis but as what i told for this is depends on the person that are been used for.