For the people who do technical market analysis...what did you deduce?

[Phantom Investor]

Straightforward question I’d say. I’m reading a book on technical market analysis, however it’ll take time as it’s around 750 pages 😅.
Until then, it would be greatly appreciated if you would enlighten us with respect to bitcoin.

Regards

[jackg]

I doubt you'll get much for free here. You could try looking a Youtube for some basic stuff or look at quick starting guides you could have a play with with some funds while you're waiting to get to the end of the book.

Risk and stats are often generated differently by most people with experience in this and from persiminal experience, even if you know what you're doing, assume the first few trades will end up in loss and if possible try to tune yourself to prepredict what you might expect to see to provide a stranger edge against the market - but remember a trend doesn't stay a trend for long!

[erikoy]

I doubt you'll get much for free here. You could try looking a Youtube for some basic stuff or look at quick starting guides you could have a play with with some funds while you're waiting to get to the end of the book.

Risk and stats are often generated differently by most people with experience in this and from persiminal experience, even if you know what you're doing, assume the first few trades will end up in loss and if possible try to tune yourself to prepredict what you might expect to see to provide a stranger edge against the market - but remember a trend doesn't stay a trend for long!

Is it possible that a user can create and use bots for trading. I think there could be a calculations that could be done that could be program the bots to do trading. I have read some of the threads here discussing about trading bots and actually are earning to it so far little by little gaining more btc during the trade. If this could happen then high chances that traders will going shift and use bots in trading? Right?

[jackg]

Is it possible that a user can create and use bots for trading. I think there could be a calculations that could be done that could be program the bots to do trading. I have read some of the threads here discussing about trading bots and actually are earning to it so far little by little gaining more btc during the trade. If this could happen then high chances that traders will going shift and use bots in trading? Right?

I've seen people get liquidated or lose profits with bots though too. And they can look at more time frames but may not be appropriate for certain areas of technical analysis. Most automated bots still require human supervision to eliminate risk. There are many examples where even things like neural networks get things wrong if they analyse the dataset strangely of the dataset was provided wrong/biased in some way.

It's possible to humans to take a more passive approach but a trend doesn't stay a trend for long and too many people running the same algorithm or bot could cause problems (but it could be something to experiment with on currency markets once we're a bit more stable).