elimi
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Activity: 255
Merit: 10
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August 02, 2018, 03:42:28 PM |
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Technical analysis is very helpful. Trading in long term and in short term is relevant in technical analysis due to the fact it has already already been proven. And we must obtain the science of specialized analysis
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allahabadi
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August 03, 2018, 06:04:25 AM |
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I feel it is highly over rated... crypto is an immature market and needs better fundamentals and a large base for these to have good analysis.
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coinplus
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Activity: 1386
Merit: 1058
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August 03, 2018, 08:01:36 AM |
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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.
Depends on what you use it for. If you are going to start daily trading than you may want to learn about the technical analysis, however know that even than the market can suddenly change and you may stay holding yourself and looking at the charts like what the hell happened. Moreover, most of the time if you are going to trade something inside an hour than you need to check the charts and look at the indicators to decide whats going to happen. However if you are going to invest a bit longer term than daily than you do not need charts, people may think they do need it on any other investment however in crypto world there is nothing that can be read on any chart that can give you the direction in couple days, it just swings so differently and so it can change anytime.
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otunayode
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August 03, 2018, 08:05:27 AM |
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Technical analysis will not secure your profit but it will definitely give you an insight to the trend and the direction of where the market is heading. Technical analysis is a tool needed to use in trading and investing profitably.
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gawer33
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August 03, 2018, 09:56:17 AM |
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this is a stupid question if you are investing by a mere fundamental analysis your just gambling. technical analysis is made to know the probability of profit your trading it. if the technical analysis sign shows that you should not buy, then don't buy even the fundamentals are good.
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STOP eating Oreo save the orangutans https://www.orangutan.org.au/about-orangutans/orangutan-threats/
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Daniel9140
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August 03, 2018, 05:51:47 PM |
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Technical analysis is very vital and important in trading as with proper understanding, you will use technical analysis to trade profitably. Technical analysis is very important in trading. That is what professionals use to do their trades.
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Itjoker
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August 03, 2018, 06:05:03 PM |
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Of course technical analysis is very important tool for experienced trader, but in my opinion it can provide maximum profit if it is used in complex with fundamental analysis.
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www_blockchain
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August 03, 2018, 06:17:51 PM |
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You know that fundamental news has least influence on the course of the crypto currency. Technical analysis is the main way that I trade on the crypto currency market. Just you need to choose the Daily Timeframe and analyze it.
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Dimon888
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August 03, 2018, 07:11:54 PM |
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Technical analysis can be read for general development and development of the brain, but TA is not applicable when trading with crypto-currencies.
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dunfida
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August 03, 2018, 07:16:34 PM |
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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.
Depends on what you use it for. If you are going to start daily trading than you may want to learn about the technical analysis, however know that even than the market can suddenly change and you may stay holding yourself and looking at the charts like what the hell happened. Moreover, most of the time if you are going to trade something inside an hour than you need to check the charts and look at the indicators to decide whats going to happen. However if you are going to invest a bit longer term than daily than you do not need charts, people may think they do need it on any other investment however in crypto world there is nothing that can be read on any chart that can give you the direction in couple days, it just swings so differently and so it can change anytime. This is true which does simply mean it would depend on how you would trade up either shorter term or longer term aspects because technical analysis would really be needed when you do engage on short span of time even though we do say that these things aren't anytime effective but somehow it can help out for you to presume good entry points when you do make shorting. Volatility would either be your friend or worst enemy as long you can sustain up and benefit on movements of prices then it should be fine.
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rez303
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Activity: 338
Merit: 10
StartFi
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August 03, 2018, 07:27:33 PM |
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Technical analysis is very important. But I think that during this time technical analysis cannot help us make money. I am a technical analyst. I have analyzed that Bitcoin's price will increase to $ 9500 in September but now it's down to $ 7500
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memecoin
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★YoBit.Net★ 1400+ Coins Exchange
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August 03, 2018, 07:29:41 PM |
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Yes, technical analysis is very important and requires people with extensive knowledge of chart analysis. I do not encourage a newbie to use technical analysis for trading. Because they have very little experience in this field
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Am I spamming? Report me!
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lushlife
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August 03, 2018, 07:30:04 PM |
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I wouldn't use technical analysis in long-term, I would prefer using fundamental analysis in long-term. Technical analysis is great used in day trading.
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bitvalak
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Leading Crypto Sports Betting & Casino Platform
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August 03, 2018, 09:41:52 PM |
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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 think traders always use both techniques of analysis, whether technical or fundamental. This also depends on the conditions as well. Because sometimes there are also situations where it is difficult to use technical analysis, but it is easy to use fundamental analysis and vice versa. Long-term traders usually use technical analysis and short-term use of fundamentals.
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goshay97
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August 03, 2018, 10:41:32 PM |
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I usually follow and take note of the technical but I do not rely on them when I trade. Crypto is a emotional roller coaster. When the fear and greed kick in people are going to make irrational decisions which cannot be detected by a chart.
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Hold good
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August 03, 2018, 10:52:51 PM |
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Technical analysis is very important if you are a trader during the day. Day trading will be profitable but it requires more knowledge.
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nidacoinlove
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August 03, 2018, 11:00:39 PM |
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Technical analysis will not secure your profit but it will definitely give you an insight to the trend and the direction of where the market is heading. Technical analysis is a tool needed to use in trading and investing profitably.
Yeah technical analysis is not any guarantee that you will definitely profit from any kinda project whether long or short term, even it day trading thing can go opposite to your analysis results. The reason is that there are a lot of pressures in the cryptocurrency market, like you can't do anything if everything is going well accordingly to your analysis prediction and then all of a sudden the drops. We saw such a drop approximately two months ago with the BTC price. Where almost all the technical analysts were shocked when the price dropped because according to the analysis the resistance was going to be a support for the price rise, unfortunately thing went totally against these analysis.
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lotsky123
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August 03, 2018, 11:43:56 PM |
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Technical analysis is very important in trading business. It makes predictions and identifies trading opportunities by analyzing statistics gathered from trading activity such as price movement and volume. With technical analysis, one will be able to realize when is the right time to buy and sell cryptos.
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TobMarshall
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August 04, 2018, 12:22:15 AM |
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Very vital, important. It obviously doesn't guarantee you profit but it leads, points to the path of profit, technical analysis proffers insight to a case study. It tells you what to avoid, allow or throw in for. It helps your prediction. Without it you will be doomed for constant failing. so either long or short term, such analysis should not be avoided.
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manggis97
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August 04, 2018, 01:03:11 AM |
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I learned trading in different asset, like forex, stock, indices and crypto. And i found technical analysis is work better in forex, stock and indices trading, and not really work in crypto trading. So we have to learn more about fundamental analysis before put money in to crypto asset.
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