technical analysis is enough to be successful in trading ????

[futile-resistance]

I am trading from many years using technical analysis but technical analysis only is not enough , I am lacking something in my analysis and not having confidence in taking trades only based on technical analysis, I did ask many traders they say lot of factors like psychology, crowd behaviour , market sentiments , any experienced traders here know some other factors  please mention , and if  of you know  books where I can learn those  please mention book name            thanks

Making use of technical analysis in the crypto market will not take you so far in the trading world of crypto because the market is very volatile and anything could happen at any period of time, this is why we should be very watchful and also checkout events before trading a coin because event can be one of the major factor that would determine either the price of a coin will rise or if the price will fall. So, we don't just need technical analysis but we also need fundamental analysis to succeed in the crypto market as of today.

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[mrdeposit]

I am trading from many years using technical analysis but technical analysis only is not enough , I am lacking something in my analysis and not having confidence in taking trades only based on technical analysis, I did ask many traders they say lot of factors like psychology, crowd behaviour , market sentiments , any experienced traders here know some other factors  please mention , and if  of you know  books where I can learn those  please mention book name            thanks

In crypto trade, absolutely no. Because the technical analysis is not working properly. At least with the TA, there are very few people who can determine the price for future, and they are unlikely to be right.

[ginobitcoiner]

analytical techniques are indeed one of the major supports in the successful trading of crypto currencies, but courage and confidence in decision making are also very necessary in the success of a trade.

[zhekinsp]

I am trading from many years using technical analysis but technical analysis only is not enough , I am lacking something in my analysis and not having confidence in taking trades only based on technical analysis, I did ask many traders they say lot of factors like psychology, crowd behaviour , market sentiments , any experienced traders here know some other factors  please mention , and if  of you know  books where I can learn those  please mention book name            thanks

Technical analysis is to find the movement of prices but if you having this as your only skill then you won't be successful trader.Decision making ability is one of the big thing needed if you need to be a successful trader and also clear mind of how much profits you are aiming for will make you to reach your goal.

[Lakai01]

The cryptocurrency market is heavily driven by news. You have to be one of the first receivers of critical news like security leaks, states banning coins etc which usually have a huge impact on the price.
To get such news as soon as possible you have to play various media, beginning with twitter where news usually are posted immediatly. Blogs are often useful too, but they are usually lag behind other media.

[Oilacris]

I am trading from many years using technical analysis but technical analysis only is not enough , I am lacking something in my analysis and not having confidence in taking trades only based on technical analysis, I did ask many traders they say lot of factors like psychology, crowd behaviour , market sentiments , any experienced traders here know some other factors  please mention , and if  of you know  books where I can learn those  please mention book name            thanks

Making use of technical analysis in the crypto market will not take you so far in the trading world of crypto because the market is very volatile and anything could happen at any period of time, this is why we should be very watchful and also checkout events before trading a coin because event can be one of the major factor that would determine either the price of a coin will rise or if the price will fall. So, we don't just need technical analysis but we also need fundamental analysis to succeed in the crypto market as of today.

Using up Technical and fundamental would really be highly suggested or even just using up fundamentals would do but these news or informations
doesnt come out anytime thats why we do substitute on using up technicals on a particular normal day trading on the market.
Success will depend on how you do able to sustain or survive the market for long.

[whirlcoin]

I am trading from many years using technical analysis but technical analysis only is not enough , I am lacking something in my analysis and not having confidence in taking trades only based on technical analysis, I did ask many traders they say lot of factors like psychology, crowd behaviour , market sentiments , any experienced traders here know some other factors  please mention , and if  of you know  books where I can learn those  please mention book name            thanks

it is the important factor for the trading to be successful but technical analysis is not only the important think and there are analysis with other things is also been helpful for you to make the stand that in your trading that's why I am saying this.

[MalakEnay]

Perhaps technical analysis is the most inadequate way to approach trading in the crypto market, because that theory of economic analysis was developed many decades ago, based on economic concepts that have nothing to do with modern times, and even less with a market as disruptive as this one.

At least in my personal case, I prefer to be more aware of the news and the rumors that circulate in cryptospace, because this market has shown to be exceptionally sensitive in the psychological and emotional aspect, in a more remarkable way than in the institutional markets.

[Nasty23]

The cryptocurrency market is heavily driven by news. You have to be one of the first receivers of critical news like security leaks, states banning coins etc which usually have a huge impact on the price.
To get such news as soon as possible you have to play various media, beginning with twitter where news usually are posted immediatly. Blogs are often useful too, but they are usually lag behind other media.

Yes, the news are having a big impact on the market conditions because it attracts the attention of every trader that can lead them to buy or sell in the market. Also the news are helping everyone to decide what would be the next market movements because it updates the latest improvements or bad happenings in the cryptocurrency on which helping to build confidence of the investors in the project of the supporting cryptocurrency.

[Yamifoud]

The cryptocurrency market is heavily driven by news. You have to be one of the first receivers of critical news like security leaks, states banning coins etc which usually have a huge impact on the price.
To get such news as soon as possible you have to play various media, beginning with twitter where news usually are posted immediatly. Blogs are often useful too, but they are usually lag behind other media.

Yes, the news are having a big impact on the market conditions because it attracts the attention of every trader that can lead them to buy or sell in the market. Also the news are helping everyone to decide what would be the next market movements because it updates the latest improvements or bad happenings in the cryptocurrency on which helping to build confidence of the investors in the project of the supporting cryptocurrency.

News will give us good and bad effect to the market. News is somewhat a medium for us to know any possibilities happen in the incoming days as some experts speak about it. But it create also a drama when only someones say bad reputation towards crypto which it somewhat a FUDs only.
For me, I'll be better to consider mostly on TA rather than of listening unsubstantial news.

[A L I E N]

analytical techniques are indeed one of the major supports in the successful trading of crypto currencies, but courage and confidence in decision making are also very necessary in the success of a trade.

If a person knows much about technical analysis, it means that he is courageous and confident. However, TA is not the only one most important thing when you trade. Consider your experience as well to avoid mistakes.

[Siren]

I am trading from many years using technical analysis but technical analysis only is not enough , I am lacking something in my analysis and not having confidence in taking trades only based on technical analysis, I did ask many traders they say lot of factors like psychology, crowd behaviour , market sentiments , any experienced traders here know some other factors  please mention , and if  of you know  books where I can learn those  please mention book name            thanks

Obviously it was Analysis so means nothing assures you something, and for me basically in trading lots of things we must consider and technical analysis is just one of those,monitoring the price chart and movement arent enough as well

analytical techniques are indeed one of the major supports in the successful trading of crypto currencies, but courage and confidence in decision making are also very necessary in the success of a trade.

Yeah because in deciding and confidence our positive aura are being boosted so with analytical support the percentages of gaining is nearer

[Mpamaegbu]

News is what you lack if you truly have taken care of TA and the psychology of trading. News is FA - Fundamental Analysis. This is very important in trading (generally, business) because news help push the TA to achieve a target. To be successful, one has to know what news emanate around the business one is into.

[jrrsparkles]

analytical techniques are indeed one of the major supports in the successful trading of crypto currencies, but courage and confidence in decision making are also very necessary in the success of a trade.

If a person knows much about technical analysis, it means that he is courageous and confident. However, TA is not the only one most important thing when you trade. Consider your experience as well to avoid mistakes.

When someone is good at technical analysis means he is having enough experience on it but trading is not something which solely depends on the price patters in the history which is possible with stocks because we have enough data to aalyse how the market will react to the current situation but crypto is just infant we are lacking the data so just need to keep ourself ready to face any outcome which is preplanned trading.

[Cherylstar86]

News is what you lack if you truly have taken care of TA and the psychology of trading. News is FA - Fundamental Analysis. This is very important in trading (generally, business) because news help push the TA to achieve a target. To be successful, one has to know what news emanate around the business one is into.

 Experiences has a huge contribution to analyze the technical innovation on how will bitcoin surpass the shortcoming market and how it will grow appropriable. Apparently, being knowledgeable and skillful will lead us to be a successful trader, because we can defend and manage on how we deliberate a reliable result by visioning the possible outcome of bitcoin's trend.

[Vispilio]

Technical analysis does have its merits but there are some caveats that need to be taken into consideration by any serious trader:

1) Most indicators use identical or similar inputs, ie you shouldn't give yourself a confirmation bias by checking signals for 2 indicators based on the same input, stick with one indicator you know well for each input like price action, volume, volatility, etc.

2) You need to interpret technical indicators in a way that's different from what's the crowd is doing with them, to create a trading edge for yourself.

[Shenzou]

I am trading from many years using technical analysis but technical analysis only is not enough , I am lacking something in my analysis and not having confidence in taking trades only based on technical analysis, I did ask many traders they say lot of factors like psychology, crowd behaviour , market sentiments , any experienced traders here know some other factors  please mention , and if  of you know  books where I can learn those  please mention book name            thanks

The thing with the cryptocurrency trading world is that only analysis and knowing the market movements is not enough to make always successful trades, as unlike other classical markets it does not relay or it is not tied to a group of companies or certain people who have a big share, which is basically what centralization is, and that is what they are made to counter, crypto market is decentralized and changes based on multiple things actions and behaviors of is community, so if you want ti be successful in trading it you have to know what the community is doing or thinking, and the best way to do that is to be on forums like bitcointalk where everyone is sharing their thoughts and decisions about what is currently happening in the market and based on those you can make your next move, at least that is what i do most of the time.

[LUCKMCFLY]

I am trading from many years using technical analysis but technical analysis only is not enough , I am lacking something in my analysis and not having confidence in taking trades only based on technical analysis, I did ask many traders they say lot of factors like psychology, crowd behaviour , market sentiments , any experienced traders here know some other factors  please mention , and if  of you know  books where I can learn those  please mention book name            thanks

More than 1 year ago, I realized that technical analysis is not everything, to apply technical analysis it is necessary to understand the market, I have never believed in triangles or in spectacular indicators with predictions of fantasy, that is why I studied many books by Richard Wyckoff and Jesse Livermore, I advise you to look for and read them, they are really great, they teach you to understand the market, according to those books, my losses stopped, because I am no longer guessing which direction the market will take, now I react With the market, I have more clarity and precision.

I used to make a lot of streaks in graphics, now they are very few, I have learned to identify what is a floor, a ceiling and area of ​​opportunity, I also took a training from a Spanish-speaking YouTuber friend, which, for me, is a teacher , it has a very particular style to analyze the market, in fact it is very good, there I finished specializing, you can look for it in Youtube like Aarón Luján, you must understand that Trading is like a professional career, you should always read books, be updated for understand everything that happens in the market, I hope I have helped you.

[Apened]

I am trading from many years using technical analysis but technical analysis only is not enough , I am lacking something in my analysis and not having confidence in taking trades only based on technical analysis, I did ask many traders they say lot of factors like psychology, crowd behaviour , market sentiments , any experienced traders here know some other factors  please mention , and if  of you know  books where I can learn those  please mention book name            thanks

You know it already and as you said you are trading with technical analysis, many traders earn with technical analysis but it would be much better to combine with fundamentals or with upcoming news behind the coins or what alts are you buying. By doing TA and FA you have a very big way of getting profits you just have to make sure that the fault is not on TA but in your identified entry and exits. Because regardless how you analyze and having all of the information if you entered in a wrong range of price you will always fail to earn.

[vicoma]

Technical analysis is not enough for successful trading. It has to be a combination of fundamental, the crowd and community as you have rightly pointed out.