Technical analysis

[contactmike1]

You made a good job, I also have some knowledges in technical analysis, but a point is that this method doesn't work. In other words technical analysis sucks and can't predict any outcome. If anybody can't agree, just share with some proofs, how you make money with it

[1713981969]

1713981969

[1713981969]

1713981969

[Mpamaegbu]

I am a huge fan of TA, even to the detriment of fundamental analysis. Of course as someone with a bit knowledge of forex trading, I know that TA works in tandem with fundamentals. It has never been the other way round. FA moves TA and can make a mess of any TA setup. We saw that at play late last year when all technical indices were broken and rubbished as Bitcoin continued to soar out of reach. News is key when looking at TA.

Therefore, applying TA alone isnt enough certainty that the set up you have presented us will surely go as planned.

[andrey19820803]

BTC/USD  3:05 (GMT+3)   12.03.2018



I estimate various variants

[andrey19820803]

BTC/USD 10:57 (GMT+3)  12.03.2018

[andrey19820803]

BTC/USD  22:52 (GMT+3)  13.03.2018



Triangle with approach from above.

[andrey19820803]

BTC/USD  4:18 (GMT+3) 14.03.2018



Graphically - up to 9600 to buy is dangerous. By indicators, wait.....

[btcformula]

i will be happy to take loss but never try to learn technical analysis.it's very tough & you need to put lot's time to learn. Although it's not provide perfect  result. According to me for small player it's a burden.

[andrey19820803]

BTC/USD



The market likes round figures. maybe soon 8000$ touch.

[malikusama]

whether you can get a lot of profit from your analysis, can you show your trade footage, ?  I have trouble finding a simple and profitable technique,

Don't trade by just watching the trade history of others, do your own analysis. You are finding it difficult because you still don't have any wide experience in crypto market. There is no short way or simple technique to achieve your goals in trading, just keep in touch with the market and have strong decision making power.

[andrey19820803]

BTC/USD  bitfinex  6h.  21:43 (GMT+3) 15.03.2018



Apparently, it's better not to get into this mess. Prices are squeezed between two important levels of 7700$ and 8400$. The parties try to pin each other to the opposite borders. By 1H period it was possible to work out convergence, but on longer periods to use it at bulls there are no forces. Do not buy signals. A beautiful mental strait, long tails, as it was February 6 did not wait. Stochastics for all periods already loom near the oversold zone. We wait.

[Mahanton]

BTC/USD  bitfinex  6h.  21:43 (GMT+3) 15.03.2018



Apparently, it's better not to get into this mess. Prices are squeezed between two important levels of 7700$ and 8400$. The parties try to pin each other to the opposite borders. By 1H period it was possible to work out convergence, but on longer periods to use it at bulls there are no forces. Do not buy signals. A beautiful mental strait, long tails, as it was February 6 did not wait. Stochastics for all periods already loom near the oversold zone. We wait.

If that 7700 support zone would be break out then expect we would head on again on $6000+ price mark again. Divergence can be drawn out but only on shorter timeframes which it would be really be risky if you do tend to follow it out.I would rather go for longer timeframes which same as you said it does shows oversold zone which means there would be more further dumping of prices.

[Dart18]

Nice painting.
Are you still sleeping with all this technical analysis that you are doing.
I still believe in the market. Anything goes and anything may come. Just always be ready with what will happen.
Although, thank you for putting an effort in doing all of these.

Do you kind of have a legend to where your lines are and what are not?

[Altcoins enthusiast]

Technical analysis and its tools help us to understand the market very well. We should not have tried to undermine the technical analysis as it look like what is currently driving this market and buy following it some of us could have avoid loosing money.

[Rackot]

Last charts are a bit messy. Did you try use different layouts for different time frames, It wouldn't be so cluttered. What is your nickname on tradingview? I suppose you use it.

[mikyadel]

i don't want to demotivate you , but your charts look nasty ! . technical analysis isn't about implementing many indicators with alot of random lines .

[nicolas1979]

Hello traders!!

Here I will upload graphics and my thoughts on technical analysis.

Technical analysis needed to understand how market works ( trend ) and direction ( up/ down ) in different time period based real data ( value and volume ). Unfortunately, we have different perception read technical analysis even use same indicator and set with the same number. I only use technical analysis using MACD ( set day - week - month ) to know how long trend will running and MA ( 15 - 7 ) to enter and out from the market. Mostly I agree with your post, the different is I have lower bottom than you have and make me must calculate again because make me afraid that bitcoin have the same journey with gold. But thank you any way, I hope you keep up date your post.  

[andrey19820803]

Last charts are a bit messy. Did you try use different layouts for different time frames, It wouldn't be so cluttered. What is your nickname on tradingview? I suppose you use it.

all the graphics are drawn on the bitfinex exchange, the rest is done in the graphics editor, I don't use tradingview...

[andrey19820803]

Nice painting.
Are you still sleeping with all this technical analysis that you are doing.
I still believe in the market. Anything goes and anything may come. Just always be ready with what will happen.
Although, thank you for putting an effort in doing all of these.

Do you kind of have a legend to where your lines are and what are not?

mostly trend lines at different timeframes, as well as Fibonacci levels, trend channels, etc.

[clickerz]

whether you can get a lot of profit from your analysis, can you show your trade footage, ?  I have trouble finding a simple and profitable technique,

Don't trade by just watching the trade history of others, do your own analysis. You are finding it difficult because you still don't have any wide experience in crypto market. There is no short way or simple technique to achieve your goals in trading, just keep in touch with the market and have strong decision making power.

Yes, it is a must to do your own analysis and compare to others.  In addition also, others analysis is a good way to start and validate. Skills in trading cannot be learn easily, it takes time and more experience. Technical analysis is important in trading as it aids in your decision making when to buy or sell.

[andrey19820803]

ETH/USD  17:00 (GMT+3)  18.03.2018



Regarding an interesting entrance zone for me. As seen under a favorable situation, the nearest significant target is 600$.