Is technical analysis still working in crypto?

[Nesbee2]

 I am wondering if technical analysis is still working for crypto analyst in this bear market,  do people  still make money from day trading?  Can they still predict the market?

[butka]

Sure it works. Why wouldn't it work? Just because we are currently in a bear market? Not a reason good enough. For example, bear market offers the possibility to invest and get more coins than what you would be able to do when the market trend is in an upward trend.

If you are a trader, you can make money in bear market and you can make money in bull market. You can even make money when the market has no clear trend.

Technical analysis works most of the time in any market. Not always, you can get burned, even if you are an experienced trader. But overall, it works.  

[Rosyanroid]

We do need to have some analysis done at least so that we know the grounds and the ropes when we are going to make investments or to make a move in the market. Just because the market is in a depression, doesn't meant that the analysis won't be necessary.

[ambisyon]

Yes, I agree that technical analysis is still a good tool in making an analysis in the crypto market movement which is primarily being use by traders. I believe experienced  traders do take part of considering in doing their technical analysis as basis in making their decision making in buying and selling their coins. I think what is important is that people that is involved in the crypto community should be observant and should not lose hope instead they should stay positive at all times.

[wizardcrypto]

Technical analysis don't really work 100% in this Bear Market . There are a lot of factors  that affect technical analysis in the Crypto Market.
One of the factors is that the Government, trying every means to control the Crypto market  by making false media report against cryptocurrencies trading which makes many trader to sell off their Asset irrespective of their technical analysis because of the fear of the unknown. for example china ban their citizen from participating in ICO and many Crypto Exchange where crack down , this act alone makes the market unstable.
My advice if you still need profit make use of Fundamental Analysis.

[rellor]

 

I am wondering if technical analysis is still working for crypto analyst in this bear market,  do people  still make money from day trading?  Can they still predict the market?

there are huge number of predictions and it's no wonder some of them are come true. And if not -  analyzers always can blame the whales in manipulations. Easy game.

[Btcnaivie]

Technical analysis is still working and effective in cryptocurrency, it may not be 100% accuratet but there is still possibilities that it could happen. Technical analysis, boiled down to it’s simplest, is just making trading decisions based on market data.

Logarithmic scale is the common tool to use in a good technical analyst in crypto. You will find that technical analysis using the logarithmic scale shows trends, support and resistance better. With the help of the technical analysis, traders and investors can choose and think wisely where and when to transactions in crypto.

[Ilmiyati]

I don't think it works, it's very difficult to predict the price of crypto currency with an analysis system, why is it so difficult? I think that's because crypto currency only depends on investor interest, namely demand and sell, and not based on the value of certain commodities such as gold samples

[zeze18]

I am wondering if technical analysis is still working for crypto analyst in this bear market,  do people  still make money from day trading?  Can they still predict the market?

It works for normal market ( normal means no event, news, FUD, etc )
And only works for short time trade (based on personal experience)

[lobo13hf]

I don't think it works, it's very difficult to predict the price of crypto currency with an analysis system, why is it so difficult? I think that's because crypto currency only depends on investor interest, namely demand and sell, and not based on the value of certain commodities such as gold samples

It workst but to determine how strong the fundamental of the crypto or any coin. Remember any pump and dump will have pegged with the news and rumour because this is a speculation market and so many people have used it to determine how strong the fundamental of the crypto itself. when crypto gets a big update and that gives a lot of positive impact.

[bobo012]

I am wondering if technical analysis is still working for crypto analyst in this bear market,  do people  still make money from day trading?  Can they still predict the market?

Yes it is working, but i think of it as a self fulfilling prophecy. It is hard in crypto to apply technical analysis because it is easily impacted, a lot of news that cant be seen on graph can easily move price in different direction

[manuelgar]

I think that only professionals with extensive experience can make money in this market. Probably beginners have already lost all their money on the exchanges.

[chandrarahmadewa]

I am wondering if technical analysis is still working for crypto analyst in this bear market,  do people  still make money from day trading?  Can they still predict the market?

Honestly, I am not a professional trader, but for professional traders, they must have a strategy when conditions are the bull market and bear market. Technical analysis is needed to make a decision

[BitcoJ]

I think he should definitely work. Technical analysis and crypto currency as one link. After all, you need to calculate everything and always. And also constantly lead the analyst.

[mcgeil]

Whatever the market (bullish or bearish), technical analysis still works and you can continue to earn at the jumps in the cost of crypto currencies. The volumes certainly became smaller, but volatility also decreased significantly. Now it's easier to make money, but you need to make trade more often.

[ivsem]

Whatever the market (bullish or bearish), technical analysis still works and you can continue to earn at the jumps in the cost of crypto currencies. The volumes certainly became smaller, but volatility also decreased significantly. Now it's easier to make money, but you need to make trade more often.

Works, but ....
   you need to see what happens on the exchanges. real people there make up 5-7 % . It is here that we started using artificial intelligence. It is here that advanced technologies of programming are used with advantage.

 You must answer this question yourself :  Is technical analysis  still working in crypto?