Is technical analysis vital?

[adamlillian]

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 is not really important in the crypto market. We just need a lot of money and look for tools to announce whale pump signals. It will help us a lot. The crypto market is always volatile, we should take advantage of that as an advantage.

[Gershonxer]

I used to think technical analysis was a joke, until the bear market came. When the market was booming everyone could just use FA make some gains , even a newbie could just do an FA and make some $$$$$$
I just got to understand that technical analysis gives more insight to get your trade entry and exit point. TA shows historical trend of an asset be it stocks, commodites, crypto, etc.
If one was TA analyst, you would know ETH was really oversold at $1500
If I knew to read charts I would have saved myself losses. TA is very very vital

[ryzaadit]

Well you can use TA for a short trade & long trader. Every crypto trader can always used TA for their strategy. With some percentage succes around 70-80% from the TA Analysis.

[harleymasters]

From my personal point of view, basic technical analysis is important. Because it tells you the opportunity to capture the reasonable price range of an altcoins when you decide to buy it. But do not rely too much on those theories, I think the technical analysis only accounts for 30% giving you the opportunity to profit in this market. The remaining 70% will be decided by investor psychology

[electron-coin]

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 is not really important in the crypto market. We just need a lot of money and look for tools to announce whale pump signals. It will help us a lot. The crypto market is always volatile, we should take advantage of that as an advantage.

Anyone who really understands the technical analysis  use it. This is the most important assistant to any trader. The crypto currency market really lives by its own laws and it is very manipulative, but technical analysis is a reflection of the mood of market participants. Reading the chart you can understand when to buy and sell, and if I understand that it is difficult for me to determine this, then I just watch the market until the situation clears up. Of course, I know that technical analysis doesn't work at 100%, but I don’t know a single tool that would guarantee the result at 100%. But the understanding of TA ensures that even if the market behaves unpredictably, the trader will still earn in the future, since the market can't always behave unpredictably.

[Yusuf77]

technical analysis must be owned by everyone who wants to trade, if they do not have this, what will happen later. the best technical analysis will get and profit, the most important when you have done technical analysis must be accompanied by patience.

[reactorjuno]

A short post to bump this interesting thread.
TA is crucial these days.

Here is what I see (hope to be right!):



Let me know what you think.

[coingecko]

I've seen newcomers using technical analysis and ended up on the losing end.

If you are day trading, technical analysis is a good tool to have.
But be careful and only when you truly understand it. High volume exchange is best to deploy it when possible.

[izzy13]

IMHO I guess technical analysis is substantially important on helping us calculate and viewing the data and facts before making any decision. But in the reality, sometimes there are invisibility factors such as instinct, luck, etc.

[pundit]

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 long term investment fundamental analysis is legit but as written by someone in previous post technical analysis tells you the right time to buy any coin, personally I prefer to trade based on technical analysis, more than 50% winning rate will take you into profit zone and if your technical analysis is proper its not difficult for anyone to get almost 70% winning rate.

[michellee]

I think technical analysis is not the only analysis we know, and I don't think it's vital for me. But technical analysis can help me to determine a good price to buy and sell. Although I don't learn too much about the TA, so far, I can use it properly, and I can determine the buy price and the selling price. And from the TA, I can earn some money by trading bitcoin pair usdt, altcoin pair btc.
But for investing for a long-term, you don't need the TA because you don't want to know about the price fluctuate in daily because it will makes you panic. And you only care about the result at the end of your investment program.

[akram143]

I think technical analysis is not the only analysis we know, and I don't think it's vital for me. But technical analysis can help me to determine a good price to buy and sell. Although I don't learn too much about the TA, so far, I can use it properly, and I can determine the buy price and the selling price. And from the TA, I can earn some money by trading bitcoin pair usdt, altcoin pair btc.
But for investing for a long-term, you don't need the TA because you don't want to know about the price fluctuate in daily because it will makes you panic. And you only care about the result at the end of your investment program.

Technical analysis are very important but it is not only the important things for trading I am trading it's most of the qualities more important than technical analysis if you only had analysis thing do not work for you you need to learn all the qualities for good trading.

[ajaymukund]

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?

To invest in a project, I think we should analyze fundamentally instead of technical analysis. Technical analysis is based on more charts but a project does not have too much evidence for us. Fundamental analysis and whether their fund is large, or if investors are willing to buy more,... that is really important.

[electron-coin]

In general, technical analysis should be used when trading with different investment terms. Of course, with long-term investments, fundamental analysis plays a very important role.
But more importantly, follow the news. In the world of crypto currencies, any kind of news can play a decisive role. And then neither the technical analysis nor the fundamental will not cost anything.

[otundebis]

Technical analysis should be useful for both short term and long term investors.  The short term trader readily make use of technical analysis as it help them to determine the direction of the market on short term basis.  Long term Holder could use TA to research past chart and trend to accurately predict the future!

[richcorner100]

We have to more understanding fundamental analysis if we decide to buy and hold crypto, but by use combination of technical and fundamental analysis we have more probability to get better profit. Use technical analysis only for scalping or day trading.

[wayancrypto]

You should be have knowledge for 2 different analysis, because use technical analysis is not enough to earn maximum profit, let see in this bottomed price of crypto, just a few altcoin that been going up more than 100% because that altcoin has better fundamental. Others altcoin still stay in the bottomed , but crypto that has good fundamental keep going up even up to 200% -400%.

[BeGoods]

Well you can use TA for a short trade & long trader. Every crypto trader can always used TA for their strategy. With some percentage succes around 70-80% from the TA Analysis.

unless you believe trading only requires luck, then you don't need to do technical analysis.
For me, without analysis  what would you consider before buying? In the analysis you would know the data in the market to make choices to buy and sell..

[emmybd]

If you want to be a professional trader then you have to learn technical analysis and it takes some time to master it. As far as cryptocurrency is concerned it doesn't work most of the time.

[Wexnident]

I'd say it depends on if we're talking about bitcoin or other cryptocurencies, bitcoin is really hard to predict even if you're really good at technical analysis, but as for the altcoins I would say yes it's really helpful, alts tend to be way more predictable if you use the right indicators(of course as long as bitcoin doesn't go against your position in a trade either it's a long or short with or without leverage), you should keep an eye on btc constantly dealing with alts.

Although its hard to predict the price for bitcoin still technical analysis is vital especially when day trading, Price history charts should be included when dealing with price analysis. But it is really more easy to analyze the alternative coin's next price movement especially the high volatile ones.