Sentiment analysis or Technical analysis, which one is best to make good trading

[airdagon]

I think sentiment and technical analysis are both very important techniques for determining market movements, technical analysis is used to analyze price movements for a certain time, whereas sentiment analysis is used to anticipate large price movements due to sentiment or news, because it will have a large impact on prices despite its effect just a few moments, so both are very important

[lesstoothless782]

Sentiment analysis or technical analysis? Those two are good because because sentiment analysis and technical analysis is important for you to be able to start trading and have a good experience of trading.

[maybukaspa]

The combination of two would be the best answer, ofcourse. One alone won't be enough to make good profit in trading. One could be technically wise, but if he lacks sentiment analysis, risks might still be tackled. There are new tools such as smartbotcoin.io which is capable on giving both technical and sentiment analysis, easier for the investors and traders.

[GlobalMilk99]

I think it’s both important in trading so i suggest you to use both of them because i see that they have pros that will help you to have a better analysis but lookout for the bad results so that it will not cause you big time.

[Twibit]

For me, for you to become successful in trading, why not study both technical and sentiment trading? For sure it will help you a lot.

[Kittygalore]

I was confused earlier between sentiment and technical analysis that which is good for trading but I found both have their own importance when there is a strong sentiment about any coin whether it be a positive or negative technical analysis doesn’t work. Technical analysis works perfectly when there are no market manipulations, and also you must have seen when there is a positive sentiment, the coin goes up and in negative coin goes down. But the problem I faced while doing sentiment analysis is, it takes so much time and effort to continuously watch all the news on different social media to find out the sentiment so recently one of my friends introduced me to a tool named SmartBotCoin.io that gathers all the news of the market and do sentiment analysis about any coin to make the best trading decisions and before using any tool I really want to be assured if this tool is legit or not? Because when it comes to trading I am very cautious to use any tool. Do you think detecting sentiments on AI/ML tools and then trading on the basis of those sentiments works?

influencers plays a big role in marketing a certain product like in our case crypto. This  was a good marketing strategy to gaiin hype or trend but on the other hand it can also spoil a certain brand

[alexnambawan]

I was confused earlier between sentiment and technical analysis that which is good for trading but I found both have their own importance when there is a strong sentiment about any coin whether it be a positive or negative technical analysis doesn’t work. Technical analysis works perfectly when there are no market manipulations, and also you must have seen when there is a positive sentiment, the coin goes up and in negative coin goes down. But the problem I faced while doing sentiment analysis is, it takes so much time and effort to continuously watch all the news on different social media to find out the sentiment so recently one of my friends introduced me to a tool named SmartBotCoin.io that gathers all the news of the market and do sentiment analysis about any coin to make the best trading decisions and before using any tool I really want to be assured if this tool is legit or not? Because when it comes to trading I am very cautious to use any tool. Do you think detecting sentiments on AI/ML tools and then trading on the basis of those sentiments works?

It is actually up to you, but if you already had some experience then it can help you to make wise decisions.

[wambowambo]

In my own opinion, you should know what is the right thing to do for your money. And what is the effective way of trading for even if it is technical or sentimental.

[Krismanto]

Various ways can be used for trading. Both of these analyses I suppose you should use. Because basically before we do the trade should do the analysis.

This crypto market price is highly volatile and often influenced by outside news. I before buying coins and doing sales, I always look at the price of the coin that is on Binance exchange. The exchange became my guideline for sales and purchases.

[Hustinog]

Sentiment analysis and technical analysis, those of them are important in the case of trading because sentiment analysis is referring to the computational method/analysis of what is happening through the live analysis of the cryptocurrency, while technical analysis is based on the direction of the prices in the market. So this two must be considered in order to make a good trading.

[bru_tus]

I was confused earlier between sentiment and technical analysis that which is good for trading but I found both have their own importance when there is a strong sentiment about any coin whether it be a positive or negative technical analysis doesn’t work. Technical analysis works perfectly when there are no market manipulations, and also you must have seen when there is a positive sentiment, the coin goes up and in negative coin goes down. But the problem I faced while doing sentiment analysis is, it takes so much time and effort to continuously watch all the news on different social media to find out the sentiment so recently one of my friends introduced me to a tool named SmartBotCoin.io that gathers all the news of the market and do sentiment analysis about any coin to make the best trading decisions and before using any tool I really want to be assured if this tool is legit or not? Because when it comes to trading I am very cautious to use any tool. Do you think detecting sentiments on AI/ML tools and then trading on the basis of those sentiments works?

Such a great tool in my opinion. Especially at times like these where volatility is really obvious.

[carter34]

...when there is a strong sentiment about any coin whether it be a positive or negative technical analysis doesn’t work.

I think that the above can be miss leading in my view so that newbies don't just dive in like that when they see or feel sentiment is taking over the market. Even a careful study of TA would still show the direction of the market or sentiment. I have noticed that too, I feel TA won't just be redundant when sentimental traders come in.

But the problem I faced while doing sentiment analysis is, it takes so much time and effort to continuously watch all the news on different social media to find out the sentiment

Yes it is not easy to research on what will make you successful. It is worth it at the long time but if you don't do your research, you will keep begging the market. 

[disconnectme]

For me Technical analysis do work but most of the thing that work in crypto space is more of market sentiment, remember hen announcement of Main net launch alone is enough to drive the price of tokens up, or announcement  for the airdrop distribution is enough to drive the price up.   

[retnocintaku]

Any analysis can help you as each trade-main once conducting analysis.
I prefer when trading by opening some exchanges.
So I was able to compare prices and sales chart movements.
The comparison between exchanges is very important and it is my guideline on Binance Exchange.
Perhaps this will be very profitable for those who do daily trades.

[Ochakemaput]

For me Technical analysis do work but most of the thing that work in crypto space is more of market sentiment, remember hen announcement of Main net launch alone is enough to drive the price of tokens up, or announcement  for the airdrop distribution is enough to drive the price up.   

You are right, sometimes even technical analysis does not work when the market is dominated by sentiments that work in the market. it makes the dominance of negative or positive sentiment always successful in influencing existing trade.

[trojanx23]

I was confused earlier between sentiment and technical analysis that which is good for trading but I found both have their own importance when there is a strong sentiment about any coin whether it be a positive or negative technical analysis doesn’t work. Technical analysis works perfectly when there are no market manipulations, and also you must have seen when there is a positive sentiment, the coin goes up and in negative coin goes down. But the problem I faced while doing sentiment analysis is, it takes so much time and effort to continuously watch all the news on different social media to find out the sentiment so recently one of my friends introduced me to a tool named SmartBotCoin.io that gathers all the news of the market and do sentiment analysis about any coin to make the best trading decisions and before using any tool I really want to be assured if this tool is legit or not? Because when it comes to trading I am very cautious to use any tool. Do you think detecting sentiments on AI/ML tools and then trading on the basis of those sentiments works?

Using this tools to assist the users is really helpful, but i prefer technical analysis because it is more effective to use in trading rather than fundamental analysis, and the tools like trading signals and automated bots are very helpful to guide traders.

[o48o]

Only sentiment i use is i follow people on twitter that i use as counter indicators as i know that when they tweet about altcoins, they are just trying to get rid of them.

[Lanatsa]

Only sentiment i use is i follow people on twitter that i use as counter indicators as i know that when they tweet about altcoins, they are just trying to get rid of them.

A very effective way on using up those shills and suggestion and actually ive been using this sentiments since I do realize and learn that those who do keep telling about pumps are just those people who do like to sell off their bags that's why they do create some noise and other positive just to lure in investors and when they got convinced and buy up the token then that's the time they do utilize that opportunity to set theirselves free.A traditional stuff actually but there are still lots of people whom do fall for this one.
Fundamentals somehow had some effective on the entire market depending if its a FUD or FOMO but sometimes theres no impact that's why if you fully rely on news you cant still assure the effectiveness of it.So I'm doing both things like technical and some sort of news.

[Capt00]

What we are looking now is to be more effective and potentially profitable with, if we are comfortable in using with technical analysis then that will be fine. The same thing with the fundamental analysis. It would be matter into our choice and also the strategies that we used, the most important is we succeed and achieve our goal.

Using this tools to assist the users is really helpful, but i prefer technical analysis because it is more effective to use in trading rather than fundamental analysis, and the tools like trading signals and automated bots are very helpful to guide traders.

You can't consider bots as a helpful trading guide instead, it only help your life easier without stressing yourself to decide.
 

[baltasarlicht]

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https://i.imgur.com/UEGvN6J.png