Do You Use Technical Analysis?

[donaldlloyd]

If you don’t know how to read charts, then you’re practically gambling and looking for money by luck. Markets don't work this way: you need to be a pro at reading charts before trading.

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[bitgolden]

Trading maybe quite like gambling but the only difference is that trading secures profits most of the time while gambling is just pure on luck and if you're unlucky that time, you'll eventually end up in loss. However, trading may not be fully profitable if you don't have bases on your own and not just technical but also fundamental analysis can be of great help if you're aiming for a successful trading. And i think we all have different strategies that can be applied in trading and as for me, i'll still go with the common and basic. I find it still profitable with buying low and selling high, at least there's less risk and effortless and its really working on me.

The comparison of trading with gambling is happening for years across this forum and always people are having technical analysis as their key to differentiate one from the another. In my opinion, on these both, you must need to be lucky enough to finish up in profits. Because, on both we are having scientific strategies to deal against. Overall, in my experiences, trading is better to handle compared gambling; again technical analysis must be the biggest reason for that.

I mean there cannot be any successful trader who are not making use of technical analysis. All traders must need to have it. Probably only long term traders may have fundamental analysis alone as they do not need to act immediate to market fluctuations hence they may not need technical analysis.

[blatchcorn]

Trading maybe quite like gambling but the only difference is that trading secures profits most of the time while gambling is just pure on luck and if you're unlucky that time, you'll eventually end up in loss. However, trading may not be fully profitable if you don't have bases on your own and not just technical but also fundamental analysis can be of great help if you're aiming for a successful trading. And i think we all have different strategies that can be applied in trading and as for me, i'll still go with the common and basic. I find it still profitable with buying low and selling high, at least there's less risk and effortless and its really working on me.

IMO technical / fundamental analysis mixed with your knowledge and personal strategy are best way to survive in crypto market. I personally feel that TA/FA are tools of matured market like Equity trading. In crypto charts don't works most of time and it's your own knowledge n strategy that works most of the time.
These are just my few satoshis.

[carrigan]

I don't think analytical techniques are the best strategy for dealing with the market. We know that if the market is very volatile, this is what makes the analysis not fully run smoothly, because it could be when you have found a strategy but suddenly the market moves not according to the analysis you get. Cases like this often happen even. But you can do analysis techniques just in case.

[Zanab247]

I used different strategies to make my trade successful in the market. Forum information is one of the strategy i used to know if there is time to sell or hold in the market to enable me to make a reliable profits from the market. Any information i got from the forum, I take it serious than the one i got from the investors in the community.
Personal research is another strategy i use to earn well from my investments. It help me to know if the project is real or not before embarking on such project in the community. Using my personal research to carry out my trade, it enable me to achieve massive income from the market.

[beerlover]

In crypto charts don't works most of time and it's your own knowledge n strategy that works most of the time.

No, bitcoin market always obey most of the technical strategies but if anything big negative or positive news arrives then market reacts to that still it is common for all markets. If you think that bitcoin market is always under manipulations of whales, I must say that even after all kind of reaction to news and manipulation still by end of the day only technical will win. It means even if market is dumped by a whale and then all others follow that whale, what will decide the bottom? Only support levels.

Using my personal research to carry out my trade, it enable me to achieve massive income from the market.

We love to hear your performance tracks. Very rarely traders share here their success stories. If your time permits, please share about research details along with your trade details. You may provide outline guides on market directions in our speculation board.

[matchi2011]

I don't think analytical techniques are the best strategy for dealing with the market. We know that if the market is very volatile, this is what makes the analysis not fully run smoothly, because it could be when you have found a strategy but suddenly the market moves not according to the analysis you get. Cases like this often happen even. But you can do analysis techniques just in case.

Not a perfect one but you can use it as basis, there are many factors that affects the market, high volatility comes with whales is really hard to predict, there's no TA when whales move inside and influenced the entire market movement, we all aware that those people are well knowledgeable in terms of making money from this venue of investment, be very careful with how you deal and interpret the market, it will help you a lot if you try not just to use one but every possible tools to anticipate the market.

[carlfebz2]

Do you use technical analysis when you trade bitcoin?
If yes, what are the best strategies? Bitcoin is so volatile now.

MYC Trading Indicator. ...
Relative Strength Index (RSI) ...
Bollinger Bands. ...
Moving Averages (MA) ...
Moving Average Convergence/Divergence (MACD) ...
Fibonacci Retracement. ...
Stochastic Oscillator. ...
Ichimoku Cloud.

Link: https://www.mycryptopedia.com/best-8-bitcoin-indicators-for-cryptocurrency-trading/

Some are just basic ones or could easy to understand and some of it are for advanced traders.

[Silberman]

Do you use technical analysis when you trade bitcoin?
If yes, what are the best strategies? Bitcoin is so volatile now.

I do not think you have an idea of what you are actually asking, there are hundreds of indicators if not thousands which can be combined in an almost infinite way to produce and infinite number of strategies, the best strategy to trade the markets is in fact the one you have researched and you know it works, it does not matter if a trader has a strategy that is much more effective than yours, as long as you are making profits with your strategy and you know why it works then you are in a better shape than 90% of all the traders around the world.

[AakZaki]

Not a perfect one but you can use it as basis, there are many factors that affects the market, high volatility comes with whales is really hard to predict, there's no TA when whales move inside and influenced the entire market movement, we all aware that those people are well knowledgeable in terms of making money from this venue of investment, be very careful with how you deal and interpret the market, it will help you a lot if you try not just to use one but every possible tools to anticipate the market.

Any tools or indicators that have been provided can help to anticipate the market. because a whale or professional trader also uses indicators and creates high volatility by influencing the market with enough money to influence the market in their favor. Whales play with psychology so that novice traders will fall into whale traps easily. Go with the flow and don't go against the current made by the whales.
technical analysis is very important to know or interpret the market even though it is not 100% accurate but will be able to help.

[milewilda]

Do you use technical analysis when you trade bitcoin?
If yes, what are the best strategies? Bitcoin is so volatile now.

Of course you would really be needing to have at least make use of any analysis when you do make trading and technial is the most common of all because  you cant really just make out trades without any basis or something like this because you would really be having a hard time on succeeding on things
or to sustain yourself into this market if you dont know on what you are doing. Technicals and Fundamentals would be always on both because if you dont
make use any of it then you are just simply doing gambling.

[Johnyz]

If you don’t know how to read charts, then you’re practically gambling and looking for money by luck. Markets don't work this way: you need to be a pro at reading charts before trading.

This is the time that you can say trading is gambling as well because you’re not doing your job to analyze, you are just purely depending on what’s in the market and the market hype. Trading is about reading the trend and know when you will buy and set up your exit plan, without this trading is not effective and you’ll just lose money.

[blockman]

Why not? As for me, for work, this option can be quite profitable and profitable.

There are moments that your TAs are good but not too good when the market does the unexpected. To the day traders, it's really working as the typical day comes.
But you'll just be surprised that it won't go accordingly when the market changes all of a sudden within that very day. That only happens for a few times and not as always the way the traders use it.

[Sihab76]

Do you use technical analysis when you trade bitcoin?
If yes, what are the best strategies? Bitcoin is so volatile now.

I never want to trade without technical analysis because investing or trading on Bitcoin There are two risks involved, so if you want to trade technical analysis, you may incur losses. Especially when it comes to investing in some new coins, it is not at all possible to invest without technical analysis.

[LUCKMCFLY]

I don't think analytical techniques are the best strategy for dealing with the market. We know that if the market is very volatile, this is what makes the analysis not fully run smoothly, because it could be when you have found a strategy but suddenly the market moves not according to the analysis you get. Cases like this often happen even. But you can do analysis techniques just in case.

Not a perfect one but you can use it as basis, there are many factors that affects the market, high volatility comes with whales is really hard to predict, there's no TA when whales move inside and influenced the entire market movement, we all aware that those people are well knowledgeable in terms of making money from this venue of investment, be very careful with how you deal and interpret the market, it will help you a lot if you try not just to use one but every possible tools to anticipate the market.

Well, as you say, I see the technical analysis only as a prediction tool, but only when I have already done a fundamental analysis according to the temporality, that is, if it is to days, weeks and months, that way I can determine some type trend or what can happen when looking at the trading volume.

After that I have already defined what can happen is when I do the technical analysis, this is how I analyze the market using technical analysis. For me, technical analysis does not have the full scope of the market, I am not one of those who believe that technical analysis is everything, where I do believe it is when an analysis is made for scalping.

[michellee]

Do you use technical analysis when you trade bitcoin?
If yes, what are the best strategies? Bitcoin is so volatile now.

I never want to trade without technical analysis because investing or trading on Bitcoin There are two risks involved, so if you want to trade technical analysis, you may incur losses. Especially when it comes to investing in some new coins, it is not at all possible to invest without technical analysis.

Maybe the best strategy is to find the dip and buy at that time but that will not be easy as we do not know when the dip will come. But if you can buy at a low price, that is enough as the price can increase later. Every people will have their technical analysis if that is related to analyzing the chart and it may be difficult to follow other people's analysis. So the best thing you can do is learn by yourself and do not rely on others so your skills can improve in the future.

[Woodie]

Do you use technical analysis when you trade bitcoin?

All the time, I might not always get a winning trade but technical analysis gives me a better winning chance when it comes to trading as compared to guessing or using indicators which are less accurate when it comes to giving market direction.

If yes, what are the best strategies? Bitcoin is so volatile now.

Bitcoin being volatile means you need to be two steps ahead and technical analysis is one strategy that can put you in such a position as it anticipates the move before it actually happens and tbh it doesn't get better than this.

[suzanne5223]

Do you use technical analysis when you trade bitcoin?
If yes, what are the best strategies? Bitcoin is so volatile now.

I never want to trade without technical analysis because investing or trading on Bitcoin There are two risks involved, so if you want to trade technical analysis, you may incur losses. Especially when it comes to investing in some new coins, it is not at all possible to invest without technical analysis.

Maybe the best strategy is to find the dip and buy at that time but that will not be easy as we do not know when the dip will come. But if you can buy at a low price, that is enough as the price can increase later. Every people will have their technical analysis if that is related to analyzing the chart and it may be difficult to follow other people's analysis. So the best thing you can do is learn by yourself and do not rely on others so your skills can improve in the future.

@trickys, The Bitcoin market is constantly volatile though the market of Q4 is always highly volatile due to market manipulation.
 @Sihab76, analyzing the market using T.A and F.A is good but it also doesn't guarantee your trading success and trading new coins are never s good. However, you can choose to invest in it if you see a sparkle in it.
@michellee, the best strategy is always to find the dip and it is also the hardest part either and this is why I don't like trading but it is not difficult to follow other people's analysis. Mind you, we have people that do copy trading.

[Dewi Aries]

Do you use technical analysis when you trade bitcoin?
If yes, what are the best strategies? Bitcoin is so volatile now.

For bitcoin usually i am not use technical analysis, usually i follow what news or maybe rumour that will be happen to bitcoin, if missed so i will hold it. I think if compare bitcoin trading to altcoin trading is have little differen, for me and this is only personal opinion. Because risk in alt, although price moving faster than bitcoin still need technical analysis to see where it will go. And bitcoin usually tend to stable and maybe increased, although usually only a little percent.

[andriarto]

technical analysis is a staple in my trading. With technical analysis, I can plan the buying and selling areas, so that the framework that I will implement is clear. and after that I can trade with that reference. but not only technical analysis that makes us successful in trading, but psychological trading is also very decisive, because not all of our analysis will be correct of course, and we must be able to see it