Do you listen to technical analysis?

[whaawh]

From my stand point there technical analysis would be a 50/50 prediction if done correctly and will certainly help you on deciding what to buy to maximize profitability so learning it would certainly help. The only problem is that some technical analyst over hype their predictions without a consideration the dips that might happen. Still we should always be ready whether the market will dip or moon and ready our strategies depending on the scenario.

It seems to me that you need to become a professional and make predictions yourself, not to look for those guilty when we follow someone's tips and forecasts. It seems to me that professionals always have a certain intuition in their activities.

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[cmarquez]

The crypto market is a young market unlike forex trading wherein its been existed long to conclude an analysis. That is why i never based myself on a technical analysis to check the market. On the other hand i am more agreeable to fundamental analysis wherein current events shakes the crypto market.

[cryptowse]

i would say it does help although not always accurate it's still something that gives you further confirmation on how the overall market will react.

[canque31]

Technical analysis is just a guide for us. Like me I still considered myself as a newbie in the industry and I find it helpful. Although it is just a prediction but this predictions have its trend that follows. And most of the time what the technical analysis happened. But actually the decision is still yours to follow this is just a guide. But if the analysis is negative I prefer to be optimistic than to follow what they advised. Sometimes it is just hope that helps you to win over negative predictions. I trusted more the capability and capacity of crypto to handle down stats in the market. Better be positive if predictions goes negative.

[FUD Expert]

I just read all of its explanation if it is a positive one and I avoid the negative ones. I remember that I love reading many technical analysis when bitcoin and altcoin are going to the moon. Then, I realized that it's bad for me because it stopped from selling which made me miss some of my profits.

[andrebai]

99 percent of the technical analysis didn’t see this dump coming!

Lol, actually  I think such statement can be made by a person who doesn't familiar with technical analysis. Most people were ready for the dump  and waiting for it, the open short from 20k and ride until 6k

[Taner]

99 percent of the technical analysis didn’t see this dump coming!

It did not work in this case, as the cryptocurrency market is very manipulative nowadays. But without knowledge of technical analysis there is nothing to do.

[TXCEO]

I will use technical analysis as one of my references for purchasing cryptocurrencies. Although I don't believe in these analyses, these analyses can also provide me with some ideas!

[bird17]

technical analysis does not work on the crypto-currency market. Only a fundamental analysis: news background, rumors, a new product and partnership agreements

[jakezyrus]

technical analysis does not work on the crypto-currency market. Only a fundamental analysis: news background, rumors, a new product and partnership agreements

All analysis can still work ( whether it is technical or fundamental ) both of them are still needed because they will help us to be more knowledgeable in cryptos.  we need to do analysis so that we are aware on what is the coin we are investing or trading.

But overall , luck is also more important because we cant still dictate on what will be the flow of crypto market even if how skillfull or knowledgeable we are.

[LDenis555]

Technical analysis has a number of positive qualities, and Vice versa. It is definitely worth listening to, but build your strategy based only on it is definitely not worth it.

[tycsols]

I think technical analysis do work in high volume markets like forex and there too not always, crypto is little bit different, mostly it is based on fomo and fud, technical analysis is less effective on crypto at the moment but as the volume grows over a trillion and market matures a bit i think technical analysis will also become helpful then to find best entry points.

[Nibo2018]

No i don't think it works in this market

[mrcastelo]

Analysis is just an analysis. Every persons has there own interpretation of the chart . I would rather buy because of the coins' roadmap, whitepaper, number of followers, continues partnership, conference etc. than based on technical analysis. So I dont depend on technical analysis.

[Jonking]

no i don't listen to them although some of their analysis are almost true.. watching about their analysis and its done

[Leah38]

I see traders posting about technical analysis. They seem to be earning by the looks of it but I don't really fully understand what technical analysis is. I trade by looking at past graphs and volume. I'm not an expert trader so I need to learn more.

[albon]

99 percent of the technical analysis didn’t see this dump coming!

Technical analysis is important in the world of cryptocurrency trading, If you do not know the movement of coins prices, you will fall into the mistake of selling and buying and this puts you to risk in your money, But it is in the first and last, just expectations may be successful or otherwise, Yes, there are many experts who did not expect this dump, But we must forgive them because no one can expect anything 100% in a volatile market like ours.

[mrdeposit]

The crypto market is a young market unlike forex trading wherein its been existed long to conclude an analysis. That is why i never based myself on a technical analysis to check the market. On the other hand i am more agreeable to fundamental analysis wherein current events shakes the crypto market.

If we discuss the young and new markets then talking about the fundamental analysis is trivial. There is a better type of analysis tools for making trading decisions. Unlike forex trading, the technical analysis only works in bigger time frames.

[Ailmand]

No because they are also people and they could make mistake so it is better to listen to yourself and do your own decision .
I think we should learn to make our own decision don't rely on other when it comes to investment we should be the one to control our money.
They are also people they just have the experience and knowledge but you could also do what they do if you want ,It would only take some time to know how they do it if you really want to do it too.

[mirakal]

99 percent of the technical analysis didn’t see this dump coming!

Do you believe that your percentage is accurate? Where did you get that?
Have some source to back that, otherwise that's an empty rate.

But actually you are right that most of us did not see this coming, maybe because we are too greedy longing for bigger prices.