Is technical analysis useful?

[tarpa07]

Yes. If you know how to analysis altcoin and how to analysis ICO market it is very profitable for everyone if you work in a trading platform so it helps you very easily. Technical analysis is very useful for any kind of analysis. I know technical analysis and I follow always technical analysis and it gives me a valuable feedback.

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[mersal]

A technical person is more competent than any other and for every thing technical analysis is very helpful while decision on this analysis is fruitful and those who are technical they can become successful fast.

Before investing in anything technical analysis is very important why  I'm saying this if you don't have any other ideas about what you have doing now you can be able to last make some defects on. That's why I'm saying this . In Bitcoin it is very very important so before investing make some ideas about investing and read some articles about investment and you can get on good idea about what is bitcoin how to make profit in this.

[StarofBTC]

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. 

This analysis is important for good trading just as water is important for a plant to live further. If you aren’t making any technical analysis and you are just waiting for that luck friend to come and help you that is disadvantageous to you. So better is to trade with healthy mind and implement those learning that you have learnt before getting into this trade thing. Good luck.

[erundook]

I would also say that technical is working properly only in the calm state on a market, when there is no such processes in the world that can shake it.

[mware]

technical analysis is useful, it helps you to identify repeating chart price patterns which you can then use to make trading decisions. but It will not help you predict future price accurately

[mbm_ico]

Technical analysis, however that may be said, is a very good way to understand the market trend. But still be versatile, consider many other factors.

[dilandanmilea]

I am not sure of that but I think technical analysis does not always match the circumstances in the market so prices may be inaccurate and may differ from actual market prices, which means indicative and not suitable for trading purposes.

[DRVX]

A technical person is more competent than any other and for every thing technical analysis is very helpful while decision on this analysis is fruitful and those who are technical they can become successful fast.

Any technical analysis should be read right. The newbie will never do it - he simply does not have any experience and skills for it. The beginner should better stay on this Forum and follow all threads.

[sergiom]

I believe that those things can be valuable and worthy only for those guys who have studied it long and hard

[henmark]

I believed that technical analysis will help you to give good reference but this will not be reliable, we can't depend in TA better to make further research and own analyzation so we can decide in our own strategies.

Technical analysis is one of the most useful thing and that being a trader, you must learn this thing as this will then help you in having a better understanding of the market as you will then be able to see the market trend based on which, you will be able to make some good decisions which will then lead you to the making of money. Technical analysis is the key thing to predict the market value of the coin.

[PancherBitCoin]

I`m be rich with ETrader_Bot for Satoshi Nakamoto: https://www.bitcointalk.org/ETrader-Bot-Best-Software-For-Trading/ . You can be rich to.

I wonder what your confidence is built on? In any case, I stopped trusting bots, which practically do not perform those functions about which everyone is talking.

[Coleen]

Yes. TA is basically a research technique that helps you identify trading opportunities in market based on the actions of market participants. The actions of markets participants can be visualised by means of a stock chart.

Over time, patterns are formed within these charts and each pattern conveys a certain message. So TA basically helps you develop a point of view based on this pattern and helps you to define a trade by considering

Price at which one should buy and sell stocks
Risk involved
Expected reward
Expected holding period
How to Use it?

TA is mainly useful for short term trades. You can apply TA on any asset class as long as the asset type has historical time series data.

So we know markets are open from 9:15am to 3:30pm right? Now the stocks open at a certain price called the opening price . They undergo a series of variations, reach a certain high, a certain low and then close at a price called the closing price. Now to track that, we just need a summary of all these variations. The most important one in TA is the closing price as it indicates the market sentiment.

So a general analysis of these points and charting them to identify patterns helps you analyse the markets technically

But mind you, this TA works on certain core assumptions. We are assuming ALL the information in the public domain is reflected in the latest stock price. We are also assuming that price moves in trends and whatever happened in history will tend to repeat .

[electron-coin]

Technical analysis works in all markets. But you need to understand and know the peculiarity of a specific market. As for the crypto currency market, here also has its own peculiarities. Here you need to do a fundamental analysis. News has a huge impact on this market, it's still young, most people in the world know nothing about crypto currencies. Ignorance breeds fear. These moments must always be remembered. Without technical analysis, it is simply impossible to calculate the correct entry and exit points. Sometimes, on the news, you can also find these points. But if you go about day trading, technical analysis is necessary.

[RasicaOla12]

Analysis will help us have a scientific view and full of the aspects from which giufp for our investment will have the direction as well as goals will be thanks to the analysis of ghosts we will understand more about the market and its trend

[legendbtc]

Yes, technical analysis will help you to learn many things about the trading. Trading always need lot of analysis before keeping the sell orders, otherwise, you will end up in loss. So we have any analyse things should be normal and will be helpful for you to learn basic technical things which will improve your analysis part in trading.

[anonymous2020]

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

Yes,technical analysis was really helpful in deciding whether to invest or not in crypto market because in there we can see the past price chart and trading volume.i believe that the sources we attained in technical analysis was reliable because many use this technique and so far their observation was positive.

[Darker45]

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

I do believe in them. At the same time, I also believe in the fact that these are purely educated guesses of the next direction the market will take. Meaning to say, there is no guarantee that these technical analyses, wherever they came from, will give us a certain result. The market is only predictable to a very limited extent, especially if we talk of the short term movements of the prices.

[kramr]

As a crypto trader technical analysis is very reliable and important in order not to lose funds in trading and only make profits will always be the outcom

[bncbnc]

Technical analysis, however that may be said, is a very good way to understand the market trend. But still be versatile, consider many other factors.

I also think that technical analysis is important, but it is not so easy for that you need to spend some good time in the market and after that when you become so much expert in trading world only then your technical analysis can help you. some time even the prediction of expert people proved as wrong. But still it is an important tool for getting success in the field.

[777Jolami]

Analysis will help us have a scientific view and full of the aspects from which giufp for our investment will have the direction as well as goals will be thanks to the analysis of ghosts we will understand more about the market and its trend

Technical analysis is essential if you want to be a good trader but I think it is only very useful when the market is stable but the cryptocurrency market is so big that technical analysis is no longer the main. more. In the current technical analysis only help investors identify the point of purchase and the appropriate selling point.