Trading by technical analysis or just intuition?

Quote from: aceptamosbitcoin on June 14, 2018, 10:49:12 PM

Quote from: Bardman on June 14, 2018, 08:37:02 PM

Intuition = gambling. Just follow the trends, bitcoin is always in a pretty clear 1-2 months trend, uptrend, downtrend, uptrend, etc etc. The faster you recognize the trend the easier will be for you to profit. You don't need to nail the bottom or the top, you just need to understand in what trend the market is.

For instance now, we have been in a downtrend for some time which means we could be approaching a reversal but you have to be cautious and wait for confirmation of several days, then get in.

I don't agree with you, because intuition is experience talking and seeing thinks that you are missing. No one should be driven by intuition only, but turning your back to it is not smart either.

Maybe but if you want to succeed in trading you have to follow rules, your own rules, your own strategy, if you can't follow your own strategy then you are never going to make money, that's the only way to get rid of emotions.

Technical analysis still remains the best. Don't trade with intuition, rather make proper research

Quote from: smoolae on June 14, 2018, 08:20:52 PM

With crypto, the technical analysis is pretty much a meme. Whales can manipulate markets too easily for a normal person to read any info from the trendlines. Intuition and just keeping up with the news are your biggest helpers.

Meh, reeee manipulation reeee. Yes, there is manipulation but not as much as everyone tries to make it seem, without evidence btw. Screaming manipulation accomplishes nothing. Plenty of people make money just with TA so it must be working. Look up TheChartGuys on youtube.

It is a must to do/have both. Trading with intuition alone may have lesser chances for profit. Technical analysis would increase your chances for profit because it is based on facts and history or past performances wherein trends or patterns are usually found. These trends or patterns are solid guides that will help traders in making their decisions. We may not be experts in analysis at the moment, but time will surely make us gradually understand.

Quote from: wodebutterfly on March 16, 2018, 07:56:05 AM

In such a bearish market, are you making your trading moves by technical analysis or just follow your heart and believe some coin will start to bounce back hardly or something else?

I'd say do both. Basic TA for entry and exit points can be useful specially in bear market, FA for some hope that other people might pick up same coins with news or upcoming announcements. Always try to book profits in this cycle as we dont know which is the bottom.

Of course you should do it based on technical analysis, it is suicide to depends on your intuition for trading as the chance of you guess it right is very small. Even with technical analysis you don't get everything right so intuition is more unreliable. I've lose a lot in the early phase of my trading career because of that.

Quote from: wodebutterfly on March 16, 2018, 07:56:05 AM

In such a bearish market, are you making your trading moves by technical analysis or just follow your heart and believe some coin will start to bounce back hardly or something else?

Well of course you need technical analysis for trading, especially in such a bearish market as if you don't that then get ready to lose a lot of money. You can use your intuition on the bull market especially like the last one as it's not matter what coin you get as everything is up. Technical analysis itself isn't always right so you should put some thinking on it aswell.

Quote from: wodebutterfly on March 16, 2018, 07:56:05 AM

In such a bearish market, are you making your trading moves by technical analysis or just follow your heart and believe some coin will start to bounce back hardly or something else?

Following your intuitions in crypto can be very dangerous. In crypto, you need to read a lot, use technical analysis from your findings and that of crypto experts before you decide to invest or participate in a project.

Do not fall for one technical analysis. First of all, we need to look at the fundamental analysis and how the project is developed and draw the appropriate conclusions.

Quote from: wodebutterfly on March 16, 2018, 07:56:05 AM

In such a bearish market, are you making your trading moves by technical analysis or just follow your heart and believe some coin will start to bounce back hardly or something else?

actually both of this idea is usable in making our trading the technical analysis and following your own basic instinct when doing investment in bearish market,because if you combine this two procedure in doing your exchange transaction of your portfolio,theres a big tendency that you can gain a good profit of your trading invesment,but mostly people much depend by technical analysis because its a transparent way that you can see all the transaction physically.

Correct intuition in crypto can develop only if you have studied the features of technical and fundamental analysis well. And even after that, it's pretty much a lottery.

Quote from: FlexBrah on June 15, 2018, 01:39:43 AM

Do not fall for one technical analysis. First of all, we need to look at the fundamental analysis and how the project is developed and draw the appropriate conclusions.

How are you going to apply fundamental analysis to bitcoin? Or to any other coin for that matter. Fundamental analysis uses revenues, earnings, future growth, return on equity, profit margins, and other data to determine a company's underlying value and potential for future growth, most of it cannot be applied to cryptocurrencies since most of them are not even companies or businesses.

I think the main part is a technical analysis , but ot become a really successful trader you need to combine it with your intuition , which is a result of your past trading experience . To be honest , I don't think that trading on a such manipulated and bearish market is a good decision . TA doesn't work there , because market is moving where whales whant it to be and it's not always the same place where it should go according to TA .

I think both things are important: technical analysis and intuition. I think that we should not use intuition without technical analysis. Just intuition is too risky.

Quote from: wodebutterfly on March 16, 2018, 07:56:05 AM

In such a bearish market, are you making your trading moves by technical analysis or just follow your heart and believe some coin will start to bounce back hardly or something else?

It is true that it is the fundamental analysis that is more important for the cryptocurrency market than the technical one. This fact is repeatedly confirmed by sharp jumps in the prices of cryptocurrencies, which reacted to positive or negative news from the world of the cryptocurrency industry. But it is worth taking into account the fact that technical analysis is still important, but on condition that it will be taken into account with all other instruments, like: cryptocurrency analysis of the prospects of a single coin and general analytics of the entire cryptocurrency market that changes every day. As professional traders say: "to be a successful trader you need to live it"

I believe that, as a minimum, you need to study the charts of trading Crypto-currency and be aware of where the market is now - a fall or growth. Continue to act on the situation.

Intuition is a good things but I prefer to rely on my deep research. Before participating in any I often deeply research the project. My advice is to pay attention to whether the projects have a ready-made product as it is some kind of guarantee that it is not a scam as well as long termed activity before ICO. It is an indicator that team goes straight to their goal and will not give up.

Well now, there is a dialectic here in that the optimal strategy will involve both. When entering wise mind you can listen to your emotions and intuitions but then bring rationality to be effective. Thus if your intuition says something then check it out and see if it holds.

with the techniques and analysis would certainly be easier to run. But if you want to rely on intuition is necessarily also good but seemed less effective. intuition is necessarily only based on hunches alone without any data and facts. but sometimes it also would be difficult to predict the result despite having techniques and careful consideration.

Quote from: gwensarah1 on June 15, 2018, 05:22:32 PM

Quote from: wodebutterfly on March 16, 2018, 07:56:05 AM

In such a bearish market, are you making your trading moves by technical analysis or just follow your heart and believe some coin will start to bounce back hardly or something else?

Most of the ''fundamentals'' of fundamental analysis cannot be applied to most cryptos because they aren't companies or businesses. Most of them don't have earnings or revenues or margin profits so how are you successfully applying fundamental analysis here? You can do some analysis on ICO's but other coins, how?