RokokGudangGaram
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July 04, 2021, 04:19:05 AM |
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Though technical analysis is not 100% accurate the chance of predicting what will be the price would increase rather than just relying on your instinct and senses and with a lot of indicators and information about what's going on the market the technical analysis is really helpful, probably you were using it wrong that's or you missed some information how to use or apply the technical analysis in your trading.
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TheUltraElite
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So anyway, I applied as a merit source :)
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July 04, 2021, 05:20:47 AM |
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Except bitcoin? No. Just because of fundamentals of bitcoin is stronger, we are enjoying big profits after years of holding. So, holding was discovered as a profitable way of trading bitcoin through the fundamental analysis on bitcoin's economy rules and governance. Hence, I believe we are holding bitcoins with long term plans as per FA. My point was that, for bitcoin you can hodl for years without doing TA, a point to show that day traders need TA much more than long term hodlers. But I get your point too. Technical analysis could be an exchange teach utilized to evaluate ventures and distinguish exchanging openings in cost patterns and designs seen on charts. Technical analysts accept past trading movement and cost changes of security can be profitable markers of the security's future cost developments. Lets keep the "security" word away from this context. Bitcoin is not classified as a security by the bodies governing the fiat markets. This should be clear because many altcoins scum are trying to use a statement similar to this to show that their altcoins are securities and similar to equities which is a gross lie/misinterpretation of facts. You can use TA on equity shares and crypto but that does not make their asset class similar.
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dezoel
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July 04, 2021, 09:12:36 AM |
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It is really not that difficult when you get to understand it, but it takes time to understand it. It is like there is a locked door and you are pushing it, shouldering it, kicking it and nothing works and one day suddenly the door is opened and you start to actually understand how things work in a second.
My suggestion to people is that if you are new to learning TA just do not give up and try to make sure that you are doing what you are doing very well for a long time without understanding a single thing. After you are certain that you are still working the right thing, suddenly it will all start to make sense. I know that it makes no sense to people, because not understanding a single thing and still working on it for days and weeks and months is not something people are very understanding of, however if you do it one day it will make things easier.
Well said and I completely agree that things like technical analysis and investment knowledge cannot be gained overnight. One has to work hard and continuously try and improve his skills. When I was new to BTC, I always felt why we are paying transaction fees and was baffled how the system works but with time I learned how things work and why every aspect is important since it is decentralized, there is a need for it. Similarly, when you first get into crypto trading and try to analyze various projects you will feel dizzy and bored but with each project, you will learn something new, I can almost guarantee that. And that something adds on till you actually acquire enough knowledge about your trading.
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pawanjain
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July 04, 2021, 03:40:35 PM |
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I have been trading since last 2-3 years and I have been a bad trader in the beginning. I had lost more money due to my lack of trading knowledge. Then I decided to just hold and that made me recover my losses and in fact give out decent profits. Recently I learned more about technical analysis and started practicing. At first I was losing money but as I learned more I started hitting my target prices. In the last 4 trades one trade hit a stop loss and the other 3 gave out profits to me although the amount was very low. But as soon as I get more confident I will start trading with more money. Technical analysis has helped me analyse the market better.
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| | . .Duelbits. | │ | ..........UNLEASH.......... THE ULTIMATE GAMING EXPERIENCE | │ | DUELBITS FANTASY SPORTS | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ████████████████▀▀▀ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | . ▬▬ VS ▬▬ | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ███████████████████ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | /// PLAY FOR FREE /// WIN FOR REAL | │ | ..PLAY NOW.. | |
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South Park
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July 04, 2021, 07:46:38 PM |
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Sideways trends have proved that technical analysis doesn't always mean anything.
About a month ago we hit 30k, and TA is constantly predicting a breakout up or down, usually up, but instead the market crabs sideways, something only a few people predicted, and most of them didn't use technical analysis to figure it out.
TA is such a pointless endeavor in a market that is so controlled and volatile by the current BTC price action, especially if it is dependent upon the behavior of whales.
What do you think about it?
I think you do not know enough about TA, TA can be used to predict both market conditions and in the case of a trend to predict where it will go, does this means that TA is completely accurate? Not really, it is impossible to predict accurately what the market is going to do all the time, but the great thing about this is that you do not need it, the only thing you need is to predict the market conditions enough times and take advantage of those predictions, it is not easy but it can be done with enough knowledge and experience.
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Yatsan
Legendary
Online
Activity: 2506
Merit: 1234
Leading Crypto Sports Betting & Casino Platform
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July 06, 2021, 05:30:37 PM |
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Technical analysis can be helpful and not that pointless if the OP think it would be like that. It is just that you cannot fully just depend into TA alone and that might be the common misconception that people are thinking that TA is already enough to help on trading. Technicalities might be interpreted depending on how you see it but since we are working in a highly volatile market, logical thinking and technical analysis is a good tandem to work on dealing with the market. Technical analysis is a helpful tool to help traders analyze the status of the market but it does not primarily work on full function to exactly predict the market movement for easy trading.
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..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
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Mpamaegbu
Legendary
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Once a man, twice a child!
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July 06, 2021, 07:41:49 PM |
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I have been trading since last 2-3 years and I have been a bad trader in the beginning. I had lost more money due to my lack of trading knowledge.
Good a thing you identified your area of lack and didn't blame it on anyone or system. You tackling it headlong is a sure way to redefining your ability and strategy. Thumbs up for that. Recently I learned more about technical analysis and started practicing. At first I was losing money but as I learned more I started hitting my target prices. In the last 4 trades one trade hit a stop loss and the other 3 gave out profits to me although the amount was very low. But as soon as I get more confident I will start trading with more money. Technical analysis has helped me analyse the market better.
That's the way to go! Learning. Trading has to involve news and technical analysis. Anything outside these two is pure gambling and not trading. I have a friend who trades on instinct. He has been lucky so far but I know it won't end well on the long run. Trading on instinct without the compass of TA is dangerous and not advisable. Just keep on with what you're doing and on the long run you will be better and more profitable.
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Before you boast of your material acquisition, take a stroll to a morgue and there you will find those who were once better than you're. Only fools think they've it all. Stay humble 🤔
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stomachgrowls
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July 06, 2021, 07:43:32 PM |
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Technical analysis can be helpful and not that pointless if the OP think it would be like that. It is just that you cannot fully just depend into TA alone and that might be the common misconception that people are thinking that TA is already enough to help on trading. Technicalities might be interpreted depending on how you see it but since we are working in a highly volatile market, logical thinking and technical analysis is a good tandem to work on dealing with the market. Technical analysis is a helpful tool to help traders analyze the status of the market but it does not primarily work on full function to exactly predict the market movement for easy trading.
A combination of Technical analysis and Fundamental analysis would be much be better if you do make use of these things in both but since news arent available from time to time then you would definitely be depending on technicals which is a bit common. Whats the point? Of course you would be needing something to use for your trades because you cant just make out some orders or positions without any basis or analysis and making use of indicators is much more worth rather than on making random trades which is too dumb to make. We do put some funds or investment so we should really be that mindful because we do really value our investment.
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| | . .Duelbits. | │ | ..........UNLEASH.......... THE ULTIMATE GAMING EXPERIENCE | │ | DUELBITS FANTASY SPORTS | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ████████████████▀▀▀ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | . ▬▬ VS ▬▬ | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ███████████████████ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | /// PLAY FOR FREE /// WIN FOR REAL | │ | ..PLAY NOW.. | |
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Xampeuu
Full Member
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July 07, 2021, 07:00:27 AM |
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technical analysis or so-called chart analysis, where we analyze the candles that have been formed. some use trend lines, some use indicators, etc. I think this is used according to the tastes of each trader. In essence, technical analysis is a way of approaching the market so that we can predict where the market will go
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pawanjain
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July 07, 2021, 04:19:12 PM |
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I have been trading since last 2-3 years and I have been a bad trader in the beginning. I had lost more money due to my lack of trading knowledge.
Good a thing you identified your area of lack and didn't blame it on anyone or system. You tackling it headlong is a sure way to redefining your ability and strategy. Thumbs up for that. Recently I learned more about technical analysis and started practicing. At first I was losing money but as I learned more I started hitting my target prices. In the last 4 trades one trade hit a stop loss and the other 3 gave out profits to me although the amount was very low. But as soon as I get more confident I will start trading with more money. Technical analysis has helped me analyse the market better.
That's the way to go! Learning. Trading has to involve news and technical analysis. Anything outside these two is pure gambling and not trading. I have a friend who trades on instinct. He has been lucky so far but I know it won't end well on the long run. Trading on instinct without the compass of TA is dangerous and not advisable. Just keep on with what you're doing and on the long run you will be better and more profitable. I guess your friend's instinct is really good because even I used to trade based on my instincts which obviously went bad. Luck plays a major role in this category and at some point of time things will take turn and end up in losses. You are right that news and technical analysis are the best ways to stay a step ahead of many others while trading cryptocurrencies.
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| | . .Duelbits. | │ | ..........UNLEASH.......... THE ULTIMATE GAMING EXPERIENCE | │ | DUELBITS FANTASY SPORTS | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ████████████████▀▀▀ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | . ▬▬ VS ▬▬ | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ███████████████████ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | /// PLAY FOR FREE /// WIN FOR REAL | │ | ..PLAY NOW.. | |
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dothebeats
Legendary
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July 07, 2021, 07:49:17 PM |
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TA is at least leading you to something rather than just being pointless lines drawn on graphs. It may not be the most accurate method of determining price movements but given that most traders use this increases the chance of it being useful. We may have different interpretations of our analyses, but the indicators, signals, etc. that we are using our mostly the same. Hence why I still try to read some TAs from established investors to see if what they're thinking correlates with mine before I make a move.
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xSkylarx
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July 08, 2021, 01:41:52 PM |
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Technical analysis helps you to analyze the probabilities if the market is going up or down and is not only applied to cryptocurrency trading. This is really useful and a must-learn skill if you want to be an expert in trading. You will know when to buy or sell at the right timing if you are able to do technical analysis. Though this often becomes useless in crypto trading if some news spreads suddenly that can cause the market to pump or dump very fast unlike in stocks where there is also fundamental analysis that can help you.
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South Park
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July 08, 2021, 05:20:22 PM |
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Technical analysis can be helpful and not that pointless if the OP think it would be like that. It is just that you cannot fully just depend into TA alone and that might be the common misconception that people are thinking that TA is already enough to help on trading. Technicalities might be interpreted depending on how you see it but since we are working in a highly volatile market, logical thinking and technical analysis is a good tandem to work on dealing with the market. Technical analysis is a helpful tool to help traders analyze the status of the market but it does not primarily work on full function to exactly predict the market movement for easy trading.
The problem like most of the time has nothing to do with TA but with the expectations people have out of it, TA is just a tool and it can be a very useful one if you know how to use it but the issue is that people want a way to predict the market with a 100% accuracy and this is simply not possible, no one can do that, even the biggest trading firms that make use of the most advanced algorithms and bots and have a full department of mathematicians cannot do this, so it is obvious a person on his own cannot do that either.
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Lanatsa
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July 08, 2021, 06:19:27 PM |
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Technical analysis can be helpful and not that pointless if the OP think it would be like that. It is just that you cannot fully just depend into TA alone and that might be the common misconception that people are thinking that TA is already enough to help on trading. Technicalities might be interpreted depending on how you see it but since we are working in a highly volatile market, logical thinking and technical analysis is a good tandem to work on dealing with the market. Technical analysis is a helpful tool to help traders analyze the status of the market but it does not primarily work on full function to exactly predict the market movement for easy trading.
The problem like most of the time has nothing to do with TA but with the expectations people have out of it, TA is just a tool and it can be a very useful one if you know how to use it but the issue is that people want a way to predict the market with a 100% accuracy and this is simply not possible, no one can do that, even the biggest trading firms that make use of the most advanced algorithms and bots and have a full department of mathematicians cannot do this, so it is obvious a person on his own cannot do that either. Majority of people does have this kind of mindset on where they do believe that 100% efficiency of indicators and tools could really be possible but we know that even in dreams theres no such thing that do exist. Whats the point of technical analysis? Of course you would be doing sorts of things that would really be needed on taking some advantage towards your trades not just on making out some position without any basis because that's pure gambling. For you to survive into this market you would be needing TA's and FA's and of course some mix of luck and gut feeling.
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AakZaki
Legendary
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Activity: 2338
Merit: 1079
zknodes.org
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July 09, 2021, 03:37:24 PM |
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technical analysis or so-called chart analysis, where we analyze the candles that have been formed. some use trend lines, some use indicators, etc. I think this is used according to the tastes of each trader. In essence, technical analysis is a way of approaching the market so that we can predict where the market will go
Your explanation is correct. But not only technical analysis is used, but fundamental analysis is also needed to see what trend will happen next. Because technical and fundamental analysis have a relationship that will affect market prices. Technical analysis has various types using many indicators that can be chosen according to your wishes. One of the platforms that are very helpful for conducting technical analysis is the TradingView platform which is provided with many indicators to choose from and there is also a premium account available to access its premium features.
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john_nautica
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July 09, 2021, 04:33:29 PM |
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technical analysis or so-called chart analysis, where we analyze the candles that have been formed. some use trend lines, some use indicators, etc. I think this is used according to the tastes of each trader. In essence, technical analysis is a way of approaching the market so that we can predict where the market will go
Your explanation is correct. But not only technical analysis is used, but fundamental analysis is also needed to see what trend will happen next. Because technical and fundamental analysis have a relationship that will affect market prices. Technical analysis has various types using many indicators that can be chosen according to your wishes. One of the platforms that are very helpful for conducting technical analysis is the TradingView platform which is provided with many indicators to choose from and there is also a premium account available to access its premium features. These analyses are essential for the information and ideas that they provide with regards to the movement in the market. However, despite the data being presented, these cannot be treated as sole predictors of what is coming next since these are not hundred percent accurate and are just tools to help to have a basis in making rated decisions.
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jostorres
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July 10, 2021, 08:31:56 AM |
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Though technical analysis is not 100% accurate the chance of predicting what will be the price would increase rather than just relying on your instinct and senses and with a lot of indicators and information about what's going on the market the technical analysis is really helpful, probably you were using it wrong that's or you missed some information how to use or apply the technical analysis in your trading.
Yeah, obviously data is more reliable than feelings and somewhere I was watching a video or reading an article and a good sentence caught my attention. It said "more the emotions, lesser is the confidence and higher the data and confidence, the lesser are the emotions in trading" and now when I actually relate it to my trading, I find it quite true. Earlier I used to trade just based on what I feel and my general emotions about bitcoins and altcoins. I started doing some trading research and learned basic charts reading and although not accurate but rough fundamental analysis and now I am much better a trader than I was earlier. This all happened because I started using data and facts more than my emotions and feelings.
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Hypnosis00
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July 10, 2021, 11:30:33 AM Merited by Ziskinberg (2) |
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Those who just about to start trading could never appreciate TA but those who have been spending more time in trading will surely found that TA is very important to them.
Things said to be right that TA is becoming pointless if we never know how to make it and to use it. Technical analysis and fundamental analysis are vital tools needed in trading and we can't go farther without these things. But of course, we can't force traders to have this as that will be their choice. But I can't just think if they able to survive and reach their goal coz trading without any data as the basis, that certainly be wrong.
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Ziskinberg
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July 10, 2021, 01:40:43 PM |
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Those who just about to start trading could never appreciate TA but those who have been spending more time in trading will surely found that TA is very important to them.
TA is basic especially for day traders, they should know this if they want to be successful in trading. Though TA should not be the main basis since the market mostly moves based on news and speculation, but it's a big tool to determine the next price movement. Things said to be right that TA is becoming pointless if we never know how to make it and to use it. Technical analysis and fundamental analysis are vital tools needed in trading and we can't go farther without these things. But of course, we can't force traders to have this as that will be their choice.
As I said, it's a must that every trader should know and understand how to use TA, but that would not dictate the outcome of their journey as a trader. But I can't just think if they able to survive and reach their goal coz trading without any data as the basis, that certainly be wrong. 100% true, you can't win in trading if you just trade blindly.
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TheGreatPython
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July 11, 2021, 05:48:11 PM |
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technical analysis or so-called chart analysis, where we analyze the candles that have been formed. some use trend lines, some use indicators, etc. I think this is used according to the tastes of each trader. In essence, technical analysis is a way of approaching the market so that we can predict where the market will go
Your explanation is correct. But not only technical analysis is used, but fundamental analysis is also needed to see what trend will happen next. Because technical and fundamental analysis have a relationship that will affect market prices. Technical analysis has various types using many indicators that can be chosen according to your wishes. One of the platforms that are very helpful for conducting technical analysis is the TradingView platform which is provided with many indicators to choose from and there is also a premium account available to access its premium features. Do not forget that all of this only works when the market is doing what is "expected" of the market to do, which means that if you are doing something that is expected and something unexpected happens then you will be losing money. This is not some rare occasion neither, in the crypto world there are thousands of times when the market does something that you least expect and that is why there are many people who end up losing money as well. Like assume every chart shows that the price will go up, then Elon Musk tweets something terrible about bitcoin, or says they will sell all the 1.5 billion dollars worth of bitcoin or even sold it already, then the price will drop right? Those type of unexpected stuff does happen in the crypto world and there is nothing that you can do in order to make money when unexpected stuff happens. These analysis only work when expected happens.
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