The Analysis Technique is Not Working Anymore?

[xialan_lu]

I just read a few articles on a website, some expert traders say if bitcoin has oversold and other even say if reversal candle has appeared, meaning that bitcoin will soon to the moon. But the fact is that until now the price of bitcoin continues to decline and even tends to be stable, does the analysis technique is not working anymore or this is only a fake statement to make fud?

give your comments below!

[ned.ryerson]

Technical analysis works very well, but cryptocurrency is subject to strong manipulations. if many technical analysis traders expect growth, then most likely those who control the market will lower the price down

[shirackjs]

IMO, crypto prices are affected mostly by news. Fundamental analysis seems to be more applicable to crypto in this case. I often read technical analysis for reference and won’t make investment decision solely depend on technical analysis.

[tolgahanuzun]

I think no one can assume kada will go BTC after this or that manipulation. As it seems to me, the market is now strongly manipulated. And there is no working technical analysis to accurately determine where the BTC price will go.

[drants]

I just read a few articles on a website, some expert traders say if bitcoin has oversold and other even say if reversal candle has appeared, meaning that bitcoin will soon to the moon. But the fact is that until now the price of bitcoin continues to decline and even tends to be stable, does the analysis technique is not working anymore or this is only a fake statement to make fud?

give your comments below!

i guess that all of your suggestions may have a point. and i think we should consider the fact they can too make mistakes. whatever the reason is however, i invite you to use your own brain which can help a lot

[miha]

The analysis technique did not work ever in cryptocurrency world. becouse nobody know what in whales minds.

[trade2winnn]

It is difficult,in General, to analyze something,you can insight to get a large IGRAC,and stupid for a week before the news start to pour, or to raise,here, there are hundreds of options as they put the players and the money out of weak hands,and see in General what's going on,many of the major projects slipped prostov 10 times

[RagingBull]

technical analysis working on classical stock markets unfortunately does not work properly on crypto money markets. That's why I hardly give this kind of thing a chance. You will be more profitable if you do my research and invest in the projects you like.

[DudeAtWork420]

technical analysis working on classical stock markets unfortunately does not work properly on crypto money markets. That's why I hardly give this kind of thing a chance. You will be more profitable if you do my research and invest in the projects you like.

Well, it depends on the users itself. if you are using it as a tool to predict the market and as a guide to make your trades.
It will not work, because the market is always moving out of our expectation. But if you are using it as a tool to set or to limit your resources, it will work.
compared to blindly choosing or using all of your resources, using TA as a tool to limit your financial is a good choice.

[Abosede]

Analysis will only work if is allow to work.Crypto sphere is full of manipulation and such case is difficult to make successful prediction.

[bartolo]

I just read a few articles on a website, some expert traders say if bitcoin has oversold and other even say if reversal candle has appeared, meaning that bitcoin will soon to the moon. But the fact is that until now the price of bitcoin continues to decline and even tends to be stable, does the analysis technique is not working anymore or this is only a fake statement to make fud?

give your comments below!

The same way you have found analyses that suggest that bitcoin price will rise, you can find other analyses suggesting the opposite. At the end, these analyses are just predictions, somebody puts the focus in one point of the chart and tells you what he thinks will happen, sometimes they get it right, sometimes they don't, that's all.

[pixie85]

Analysis will only work if is allow to work.Crypto sphere is full of manipulation and such case is difficult to make successful prediction.

Analysis works by taking the past events and projecting them into the future. Since Bitcoin is such a novelty and every year is different for it we can't really use TA here. I asaw people compare the previous bear markets and they were all different. Like 2014 bear market was the longest in Bitcoin's history. What does that tell us? That bear markets are getting longer? That this one will be at least as long as the previous one? We don't know that.

[batang_bitcoin]

Analysis do work but this is just the market has been very unpredictable nowadays.

The market can't be predicted accurately these days due to the movement of bitcoin and we don't know what's going to be next. But if you are taking a look at the news, you know that its one reason where the market is depending and by next year, everyone hopes again that it will be good as the same.

[superscommessebitcoin]

I think that it is impossible to predict the behavior of the cryptocurrency market, because it is manipulated by large players as they need and when they need it.

[VanDeinsberg12]

I just read a few articles on a website, some expert traders say if bitcoin has oversold and other even say if reversal candle has appeared, meaning that bitcoin will soon to the moon. But the fact is that until now the price of bitcoin continues to decline and even tends to be stable, does the analysis technique is not working anymore or this is only a fake statement to make fud?

give your comments below!

I thought that the miners being so easy to mine bitcoin and that gives a huge impact to the bitcoin. as far as i know about the fact that when you are seeing that and bitcoin looks get another dump by the miners to build the big mining rig to hash war.
TA is not working anymore. Just prepare yourself for the next waves of bitcoin in the future and i guess we will see bitcoin worth 3k it should be the last support for bitcoin.

[gabbie2010]

In view of the present of the market I.e market manipulation bitcoin had defies all sort of technical analysis breaking all forms of support zones thus becoming a nightmare for traders, I belief the present market conditions had become  terrible as far as trading is concerned my best bet is to take a break from trading although some good traders had capitalized on the market conditions thus shorting thus taking profits regularly.

[gentlemand]

TA is a load of shit. Always has been, always will be. If it helps you get through the day then great.

I saw no one predict the top accurately. I certainly saw no one nominate the timing of this particular meltdown either.

[tomahawk9]

I'm not a fan of TA, but i always thought they were meant to give you an idea of what the market movements are or what they're going to be in the future. IMO most TA charts are not meant to give you a 100% accurate prediction of market movements, more like they act like a guide and you're the one who decides if you want to follow the info they provide, but they're not supposed to be infallible.

[grumpy619]

Technical analysis has never worked on the crypto market for 100%. Only during periods of bullish trend. But then the analysis is not needed to earn. While the market has such a meager capitalization that any large bitcoin holder can bring down the rate - technical analysis will not work here.

[smoolae]

The technical analysis has never really worked in the crypto field. This has been proven over and over again. Often did you see so-called "crypto-specialists" making their statements and posting pictures how some coin will move within the next week or so.

90% of the times the predictions didn't hit the goal and the picture was often removed or the poster came up with some stupid excuse.

There have indeed been times when it seems like technical analysis has worked but I would say that was just luck.