Bitcoin Forum
September 22, 2019, 07:02:30 AM *
News: If you like a topic and you see an orange "bump" link, click it. More info.
 
   Home   Help Search Login Register More  
Pages: « 1 [2]  All
  Print  
Author Topic: Introduction to Crypto Technical Analysis - Trade Your Coins Wisely  (Read 217 times)
Gozie51
Full Member
***
Offline Offline

Activity: 798
Merit: 105


Change Your Worlds Build a New Era!


View Profile
April 18, 2019, 08:14:25 PM
 #21

RSI has been very helpful but it does have to be verified with some other indicators which you have to see whether the fibo correlates with what it shows.

RSI is one of the important indicators to use in trade if you understand it very well. You can also make use of it with moving average in a way that you will be surprised what work it does.

Orionix        |│        The Future of Gaming Comission Free Games And Items Exchange
[   YOUTUBE   ]      [ AIRDROP ]      [    DISCORD    ]
WHITEPAPER                       TWITTER                       TELEGRAM                       ANN THREAD
1569135750
Hero Member
*
Offline Offline

Posts: 1569135750

View Profile Personal Message (Offline)

Ignore
1569135750
Reply with quote  #2

1569135750
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
mersal
Member
**
Offline Offline

Activity: 574
Merit: 21


View Profile
April 19, 2019, 01:46:49 AM
 #22

Yes technical analysis are the most important thing for everyone to be successful in cryptocurrency without this college we can not go with the correct flow of current market and if you learn this thing to find what is happening in the future will be little easy for everyone to predict their investment possibly.

crwth
Copper Member
Hero Member
*****
Online Online

Activity: 1064
Merit: 585


Too emotional for trading? Check https://gunbot.ph


View Profile WWW
April 19, 2019, 06:33:42 PM
 #23

~snip
It would be nice if you can learn about it and share your opinion about VIX indicators. Previously someone says that it is easy to make money with this indicator but too bad he did not even tell more details about how this indicator works. Waiting for your update about what you learn about this. TY
If I find a great resource with VIX as the main indicator and using it entirely, I would use it. I think it won't be that easy but I would probably not expect a lot so that my expectations are just normal. Any resources you might have found?




Never heard of VIX indicator. RSI has been very helpful but it does have to be verified with some other indicators which you have to see whether the fibo correlates with what it shows. As for now, no one yet have show any trading system that works with RSI which is supported by the MAs to help you decide whether to go long and short. But then the real problem with technical analysis is that it doesn't work withe a massive fud from the users.
Of course, the famous relative strength index indicator. It's one of the most famous indicators that is reliable. Good thing it is also supported by Gunbot and I could automate my trades if the RSI is <30.




.




  ▄▄▄▄▄▄▄▄▄▄▄▄▄
▄████████▀▀▀▀███▄
███████▀     ████
███████   ███████
█████        ████
███████   ███████
▀██████   ██████▀
  ▀▀▀▀▀   ▀▀▀▀▀

  ▄▄▄▄▄▄▄▄▄▄▄▄▄
▄██▀▀▀▀▀▀▀▀▀▀▀██▄
██    ▄▄▄▄▄ ▀  ██
██   █▀   ▀█   ██
██   █▄   ▄█   ██
██    ▀▀▀▀▀    ██
▀██▄▄▄▄▄▄▄▄▄▄▄██▀
  ▀▀▀▀▀▀▀▀▀▀▀▀▀

            ▄▄▄
█▄▄      ████████▄
 █████▄▄████████▌
▀██████████████▌
  █████████████
  ▀██████████▀
   ▄▄██████▀
    ▀▀▀▀▀

    ██  ██
  ███████████▄
    ██      ▀█
    ██▄▄▄▄▄▄█▀
    ██▀▀▀▀▀▀█▄
    ██      ▄█
  ███████████▀
    ██  ██




               ▄
       ▄  ▄█▄ ▀█▀      ▄
      ▀█▀  ▀   ▄  ▄█▄ ▀█▀
███▄▄▄        ▀█▀  ▀     ▄▄▄███       ▐█▄    ▄█▌   ▐█▌   █▄    ▐█▌   ████████   █████▄     ██    ▄█████▄▄   ▐█████▌
████████▄▄           ▄▄████████       ▐███▄▄███▌   ▐█▌   ███▄  ▐█▌      ██      █▌  ▀██    ██   ▄██▀   ▀▀   ▐█
███████████▄       ▄███████████       ▐█▌▀██▀▐█▌   ▐█▌   ██▀██▄▐█▌      ██      █▌   ▐█▌   ██   ██          ▐█████▌
 ████████████     ████████████        ▐█▌    ▐█▌   ▐█▌   ██  ▀███▌      ██      █▌  ▄██    ██   ▀██▄   ▄▄   ▐█
  ████████████   ████████████         ▐█▌    ▐█▌   ▐█▌   ██    ▀█▌      ██      █████▀     ██    ▀█████▀▀   ▐█████▌
   ▀███████████ ███████████▀
     ▀███████████████████▀
        ▀▀▀█████████▀▀▀
FIND OUT MORE AT MINTDICE.COM
zaarariba
Jr. Member
*
Offline Offline

Activity: 126
Merit: 1


View Profile
April 23, 2019, 05:37:28 PM
 #24

Kinda agree with the author, just want to add that it’s wisely to keep an eye on numerous analytical reports on the market tendencies all time
Homorton
Newbie
*
Offline Offline

Activity: 126
Merit: 0


View Profile
April 23, 2019, 05:42:20 PM
 #25

Kinda agree with the author, just want to add that it’s wisely to keep an eye on numerous analytical reports on the market tendencies all time

have some ideas on source?
zaarariba
Jr. Member
*
Offline Offline

Activity: 126
Merit: 1


View Profile
April 23, 2019, 05:45:47 PM
 #26

Kinda agree with the author, just want to add that it’s wisely to keep an eye on numerous analytical reports on the market tendencies all time

have some ideas on source?

It must be not only one, but works of different experts, professionals. Even if they contradict to each other, you must analyze by yourself all sides
Homorton
Newbie
*
Offline Offline

Activity: 126
Merit: 0


View Profile
April 23, 2019, 05:49:42 PM
 #27

Kinda agree with the author, just want to add that it’s wisely to keep an eye on numerous analytical reports on the market tendencies all time

have some ideas on source?

It must be not only one, but works of different experts, professionals. Even if they contradict to each other, you must analyze by yourself all sides
Which one u prefer more?
zaarariba
Jr. Member
*
Offline Offline

Activity: 126
Merit: 1


View Profile
April 23, 2019, 05:53:36 PM
 #28

Kinda agree with the author, just want to add that it’s wisely to keep an eye on numerous analytical reports on the market tendencies all time

have some ideas on source?

It must be not only one, but works of different experts, professionals. Even if they contradict to each other, you must analyze by yourself all sides
Which one u prefer more?

Frequently I monitor trading platforms which have such things -  e.g. https://velvet.exchange/#/ or  use other blogs on steemit: https://steemit.com/@g-dubs, this one is good too https://steemit.com/@kingscrown
Osarman
Hero Member
*****
Offline Offline

Activity: 952
Merit: 503



View Profile
April 23, 2019, 07:01:24 PM
 #29

Technical analysis  Cool Cool hmmm, I have seen a lot of people trying to predict price with technical analysis (using historical data to predict the future) they have always failed and it never worked out for them. I don’t really know but it seems like this cryptocurrency is really difficult for anyone to predict, that’s why they keep on deceiving us that the price will reach one hundred thousand dollars next week and when that week comes you will not see anything like that. And if you are going to judge based on historical data, I think there’s a big difference.
GregH37
Legendary
*
Offline Offline

Activity: 1302
Merit: 1037



View Profile
April 23, 2019, 07:10:08 PM
 #30

Yes technical analysis are the most important thing for everyone to be successful in cryptocurrency without this college we can not go with the correct flow of current market and if you learn this thing to find what is happening in the future will be little easy for everyone to predict their investment possibly.
Yes they are quite important, but you shouldn’t really trust them, you should still have it in mind that there are still risks in cryptocurrency. Don’t put 100% of your trust in them, cause they can still fail you.

I have used them a lot of times they are not always accurate. If you check the front you should also check the back and be ready for the both sides for whatever that comes out of it. Have it mind that the price might either go the right side or the left and you’re either going to benefit or lose. That’s why this market has risk.
playboy654
Member
**
Offline Offline

Activity: 532
Merit: 31


View Profile
April 23, 2019, 07:55:35 PM
 #31

I'm going to establish a series that would be helpful towards everyone who is getting into Trading. I also posted this in my blog, so it might be similar or the same content. This could be helpful towards beginners and even the veterans. It could help you refresh your memory or something you may not have encountered. Hoping this could help you guys.



Introduction to Crypto Technical Analysis

When analyzing cryptocurrencies or any other kind of investment, there are two main ways to perform an analysis

  • Fundamental analysis -  aims to assess the value of the cryptocurrency by exploring the underlying metrics of the project to determine if it is a good investment. This involves checking the whitepaper, use cases, project roadmap, the team behind it and other variables.
  • Technical analysis- follows the set of rules and predictions based on the historical price data in order to predict the future price movements.

We're going to talk about Technical Analysis and the most common things that you need to understand the world of cryptocurrency trading.

Technical analysis (TA) is a methodology for evaluation of investments which involves a statistical analysis of market activity. These are the tools you need in order to have a successful analysis of the price charts. It helps you make educated guesses where possible price movements could go.

  • Charting Lines
  • Patterns
  • Indicators and Oscillators

TA is based on three underlying assumptions:


  • Price moves in trends
  • The market discounts everything
  • History tends to repeat itself

Who is Responsible for Technical Analysis?

Technical Analysis was developed by a large number of contributing individuals, mainly by scholars with knowledge and interest in the economy, finance, and mathematics. A lot of successful traders also contributed, as they dissected the markets from every angle imaginable to gain the upper hand and get the indicators that are clear and easy to use.

An example below is shown



Stochastic RSI gives us information if the market is overbought or oversold.

  • Overbought: A situation where the coin is trading above its true value, without any fundamental reasons. For example, if the coin's price is rising without any reason (partnerships, improvements, other events) then it would be wise to sell it, as we can expect a pullback towards its true value.
  • Oversold: A situation where an asset is trading below its true value, typically due to panic selling or market overreaction. This is the best time to invest in the coin, as its current price is below its true value.

This is just one of the indicators supported by Gunbot and there are a lot more.

You could take advantage of this knowledge and make it automatic. Have your profits and never miss an opportunity with the market.

Don't hesitate to message me here or in Telegram.




[1] https://gunbot.ph/introduction-to-crypto-technical-analysis-trade-your-coins-wisely/
[2] https://gunbot.ph/technical-analysis-guide-for-crypto/
yes I read it clearly and it will be important and well defined the topic for me too to get the idea about analysis is more important in trading and more importantly we need to follow everything which will be better for us then only the successful trader is made by this market
Yes technical analysis are the most important thing for everyone to be successful in cryptocurrency without this college we can not go with the correct flow of current market and if you learn this thing to find what is happening in the future will be little easy for everyone to predict their investment possibly.
Yes they are quite important, but you shouldn’t really trust them, you should still have it in mind that there are still risks in cryptocurrency. Don’t put 100% of your trust in them, cause they can still fail you.

I have used them a lot of times they are not always accurate. If you check the front you should also check the back and be ready for the both sides for whatever that comes out of it. Have it mind that the price might either go the right side or the left and you’re either going to benefit or lose. That’s why this market has risk.

jhongzjhong
Full Member
***
Offline Offline

Activity: 742
Merit: 109



View Profile
April 23, 2019, 11:37:19 PM
 #32

Technical analysis  Cool Cool hmmm, I have seen a lot of people trying to predict price with technical analysis (using historical data to predict the future) they have always failed and it never worked out for them. I don’t really know but it seems like this cryptocurrency is really difficult for anyone to predict, that’s why they keep on deceiving us that the price will reach one hundred thousand dollars next week and when that week comes you will not see anything like that. And if you are going to judge based on historical data, I think there’s a big difference.
Technical analysis sometimes will help us in trading it will contribute to having a correct prediction or choosing the right coins you are going to trade. Yes, crypto price is unpredictable but it is not bad if we had this kind of prediction to have an analysis which is near to happen if ever. Many people trying on this strategy on trading and there are some others who have got profit. It will depend on us how to play the market price.

Pages: « 1 [2]  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!