Is technical analysis vital?

[maninas]

in my experience I use TA analysis to determine the target buy and sell targets and when to stop loss
the fundamental is to make sure our prices will rise or fall but we can not determine where we should buy and where we have to sell
so I think the fundamentals are the most vital influence of trading crypto because bad news and good news is very influential on the price even though the chart says another

[1714756020]

1714756020

[1714756020]

1714756020

[1714756020]

1714756020

[1714756020]

1714756020

[1714756020]

1714756020

[1714756020]

1714756020

[richjohn]

Hi I was wondering what the general consensus was on the use of technical analysis in making long term investments. I know short term day traders get allot of use out of it but if I'm investing in a project based on fundamentals does the technical analysis matter?

Technical analysis aren't that important when it comes to long term investment decisions. You can go through charts and can analyze that in long term Bitcoin and other large cap coins with greater than 2 years of historical data, that they all are bullish. We are still in initial phase of cryptocurrencies, this means that if you invest now, in long term you are going to have profit on supply and demand rule. But do make sure to invest in bear phase. Don't invest out of FOMO at ATH.

[Maxpips]

Yes, technical analysis is vital, because there isn't any other way to analyze the market.

Some people say they're using fundamental analysis, that's impossible.

You can't use fundamental analysis on Crypto because it doesn't have a real world value. The whole point of fundamental analysis is to analyze the factors that are 'fundamental' to the value of a Crypto to discover what it's true value is. But Crypto doesn't have a true value, at least not yet, meaning fundamental analysis is useless.

The people who say they're using fundamental analysis either for trading or investing - because they same concept applies to long term holding too - are just making guesses, and non-informed ones at that. There's nothing they can analyze to determine what Bitcoin or any other coins value should be, because again.......Crypto has no true value.

[Nisharawal]

Hi I was wondering what the general consensus was on the use of technical analysis in making long term investments. I know short term day traders get allot of use out of it but if I'm investing in a project based on fundamentals does the technical analysis matter?

Yes, of course, the technical analysis works the same way for long-term investments from the investors and it has the same accuracy and the analysis is done in the same manner just you need to adjust the technical indicators parameters and the timeframes of the charts, other than this there is nothing to change and worry about. Technical analysis matters a lot for me and I think it should matter to you also.

[ovbokhan]

Hi I was wondering what the general consensus was on the use of technical analysis in making long term investments. I know short term day traders get allot of use out of it but if I'm investing in a project based on fundamentals does the technical analysis matter?

I doubt if technical analysis are of much importance for long term investments, fundamantal analysis more important for such in my opinion

[berrygood]

I think it is not vital for the long term investment but it is good before buying the coin for the long term but I don't think it is easy to predict future of coin based on analysis.

[noormcs5]

Hi I was wondering what the general consensus was on the use of technical analysis in making long term investments. I know short term day traders get allot of use out of it but if I'm investing in a project based on fundamentals does the technical analysis matter?

Technical analysis may not work perfectly in bitcoin because price movement is more dependent on the news and not on the chart analysis. Yet I still prefer charts because one can predict the future if he knows the trends.

[Gurueconom]

Technical analysis of the crypto currency market helps not only with short-term investments, but also with long-term investments. If you do not use technical analysis together with a fundamental analysis, you will never see the situation completely.

[fabrizoc]

Hi I was wondering what the general consensus was on the use of technical analysis in making long term investments. I know short term day traders get allot of use out of it but if I'm investing in a project based on fundamentals does the technical analysis matter?

Technical analysis may not work perfectly in bitcoin because price movement is more dependent on the news and not on the chart analysis. Yet I still prefer charts because one can predict the future if he knows the trends.

To some extent yes in bitcoin that doesn’t work so good but I think that is still important task to do. If you don’t make technical analysis of what you have taken with you then this existing stock is even on stake. This can be under dangerous circumstances. So make things better for what you have tried for. This isn’t much difficult to do. Just get some technical calculations and things are done.

[Soots]

Hi I was wondering what the general consensus was on the use of technical analysis in making long term investments. I know short term day traders get allot of use out of it but if I'm investing in a project based on fundamentals does the technical analysis matter?

Technical analysis may not work perfectly in bitcoin because price movement is more dependent on the news and not on the chart analysis. Yet I still prefer charts because one can predict the future if he knows the trends.

To some extent yes in bitcoin that doesn’t work so good but I think that is still important task to do. If you don’t make technical analysis of what you have taken with you then this existing stock is even on stake. This can be under dangerous circumstances. So make things better for what you have tried for. This isn’t much difficult to do. Just get some technical calculations and things are done.

Some technical analysis won't work as expected by others who doesn't yet have trading experiences. But with the current situation of the market now it's so difficult to determine. Maybe our analysis with the graph trend was just references, due to reality always speaks how the actual movement will somehow prevail all the time.

[googs84]

Technical analysis has got different views all the time and they do keep chaining person to person analysis as well as time to time analysis. The cause for this is simply its volatility which plays major role in the game. I mean many times people predict technical analysis through different graph references, data interpretation and most importantly theories. All of them changes the way they predict the TA and thus it gets difficult to trust anyone of them. This is just my take on this subject and whenever people say TA then I always run away.

[cryptowhiz]

I think public views and opinion or hype and worlds adoptation or new supporting or not a particular coin is far more important than technical advices

[shawn995]

Truly it matter. Specialized investigation gives you an edge in exchanging. Exchanging long haul and in here and now is material in specialized examination since it has just been demonstrated by the Japanese in the previous years. Additionally, there is nothing incorrectly in adapting more since it's anything but an exercise in futility. Endeavor to look about the uses of long haul putting resources into specialized examination, I am certain there are many.

[Akiko]

Technical analysis has got different views all the time and they do keep chaining person to person analysis as well as time to time analysis. The cause for this is simply its volatility which plays major role in the game. I mean many times people predict technical analysis through different graph references, data interpretation and most importantly theories. All of them changes the way they predict the TA and thus it gets difficult to trust anyone of them. This is just my take on this subject and whenever people say TA then I always run away.

For me technical analysis aren't that important, just saying as an investor for long term.
But in the fundamentals, technical analysis would help to find a great time to buy.

[Airbuxf]

Technical analysis may help you decide whether it's a good time to get in and invest. But still a good research on the project may give you more hints of what to expect and when.

[rexxarofmoknathal]

Technical analysis may help you decide whether it's a good time to get in and invest. But still a good research on the project may give you more hints of what to expect and when.

In my opinion, technical analysis is absolutely vital irrespective of whether you're looking to buy or sell coins or even when looking to invest or participate in any way in ICOs. But its also not the only task to do, thorough research on the topic is also just as important.

[omfg.xekcep]

The technical analysis is mainly based on historical data but crypto market is too young to have big enough historical data so the technical analysis (TA) is not so useful as many traders think. Besides there are some other reasons why TA does not work well I mean the lack of enough liquidity and unperfect competition which are mandatory for making a correct analysis by using TA. Moreover in some cases using TA is absurd, of course, I mean new coins which cannot be analysed by using TA at all because you do no have any historical data about them. Anyway you can try to use TA to get your own experience and understanding how TA works and only in that case you will understand whether TA is useful for you or not.
As for me, I do not use TA because I consider that TA works well enough and quite stable just only on big time frames but this type of investment is useful mostly fro long term investors who are ready to wait for a long time and use the strict money management.

[Geurangsang]

There is have two tipe of analysis in trade and they support each other. If you just work with one of them, I think that is just like run with one food  . Although you has been decide to take a long term trade, with TA you can decide to take good time to start with buying at a very potential price. And than you also can take good time to sell when you want it.

[babygun]

I don't put any value to technical analysis. With this you can really prove anything.
But like always, some are fan and others (like me) dislike it.

[FerrisWheel]

Depends on your strategy, if you are going to hodl, it is not vital. Fundamental analysis is