Is technical analysis vital?

[akosipepot]

It's extremely difficult to apply technical analysis to crypto markets.  The cryptocurrency market does not correlate with the stock market trends.  This market is highly manipulated by whales so a lot of the swings don't make any technical sense.   I know its cliche, but the best investment strategy for 95% of people is to simply buy and hold.

Fair points, but obviously having some prior knowledge on the technical analysis may come in handy, irrespective of the market manipulations.

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[rickadone]

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?

It is not the only vital part but it also can't be not cared about. You do need to check the technical chart analysis and it is a really important part of the puzzle but you also need to check the news, check the development, check the team, check the historical prices, check the community, check how hyped people are. After all of that and only that, you can know for sure if the coins is a true proper coin or not. You can assume it will have shorter term results with chart reading but that is only giving you one piece of the puzzle, you need all parts of the puzzle in order to really see the whole picture.

[lushlife]

If you're referring to your long-term trades,
then fundamental analysis would the best
type of analysis to use

[fanBit101]

In my opinion, technical analysis is very important for short-term traders, or by day. It helps them to better identify the zone they can take advantage of to make a profit. Of course, if you are a long-term investor, choosing the right time to embed will be the most important factor.

[KXC247]

This is very vital and important when it comes to trading cryptocurrency or  anything represented on the charts. Technical analysis is important when trading any commodity and a good understanding of it is a very good skill to have.

[Sean25pogi]

Yes it is,  the techinical analysis is a process that gives more reliability that your decisions are aline along to the goals that you have and you will obtained a reasonable result for your own benefit.

[TraiKH]

Technical analysis is essential for any trader. Analytical, assessment, and updating skills are often more effective and rewarding. Sometimes, visualization can also be profitable, but that ratio is somewhat blessed.

[emezh10]

It would help but it is not necessary for you to always look up and depend with. It is better if you would try to experience and alwasys remember that basing your decision on your experience would help you to learn more.

[spartanrules]

No doubt that technical analysis is very important in any type of market. You can find really very good opportunities to enter into a market. But in the market of cryptocurrencies it is better to use technical analysis and fundamental analysis in complex, especially base on rumors (or even insider) information.

[Rustamm]

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?

If you invest in a particular project and a specific coin or token, then, in my opinion, it is best to be guided first and foremost by the features of this project. But when making subsequent decisions, one should take into account the general state of the crypto-currency market, and long-term forecasts for its development. However, in my opinion, technical analysis of the market plays a small role here and in many cases it does not come true.

[Holucoin10]

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?

Exactlfy, for day trading or short-term trading technical analysis is the way to go. Technical analysis is the study of price charts and basically any information that can be compiled from them, such as volume analysis, cycles, trends and statistics. Technical analysis is used to forecast price movements, as well as provide methods of entry and exits from trades.

[Holucoin10]

So for a long term trade, what you is needed mostly is to make thorough research on the desired Cryptocurrency. Read more about it, especially the Whitepaper. Do your personal strategic analysis and deterministic analysis to know whether the coin is really worth it or not. Technical analysis could be of help too, cause the price movement of the coin is also important to know if the coin is loved or well accepted in the market or not. 

[Koadharber]

No doubt that technical analysis is very important in any type of market. You can find really very good opportunities to enter into a market. But in the market of cryptocurrencies it is better to use technical analysis and fundamental analysis in complex, especially base on rumors (or even insider) information.

Having both tools would really be helpful on your trading career which technical analysis for some entry and fundamentals for decision making to enter or to get out. Im using these two things which i do see a good collaboration if you do know on how to utilize it but i would tell you that not all the analysis even both would really have that precise prediction of prices but your own experience and intuition will surely help you out.

[mudasarali43]

Yes, technical analysis is vital because the predictors are using these techniques to predict the price and future prices these are very helpful to understand the market positions and situations.

[udidrone]

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?

if not use technical analysis what they use ?  that is what a lot of trader use. because if only use speculation, they not really stupid to invest big money on a coin/token. they must be already analyze what they pick first

[flying_bit]

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?

For me technical analysis can only be use for reference for long term investment in crypto coz there's a lot to consider for the value of crypto to rise and fall and main factor to consider is the sentiments of people. Like for example, many people using TA predict that btc will rise to $60K by end of this year but this seems to be unlikely now if we're looking at how market's performing due to several events that making people to sell like bitcoin ETF's delay of approval.

[Daniel9140]

Actually, technical analysis is vital to all categories of traders. Its for both long term and short term trader. Technical analysis makes you able to pick your entry positions safely when making investment decisions. So, it is vital for everyone

[s31joemhar]

yes, the technical analysis is very vital since many people used it in order to obtained a plan that will guide them to obtained a huge amount of income and from this they can easily avoid the loss.

[KorakPawon]

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 it is important that important technical analysis in project investments do not only use fundametal analysis, we also need to know the development of shares in the company, not only to consider the finances, money starts from stocks. both of these analyzes are good in the field we use together it will be very good.

[SlimShadyMmp]

Technical analysis seems more viable mostly when the coin start trading and you just make few assumption but not before the coin is released to exchange Most traders who apply technical analysis are day traders