TECHNICAL ANALYSIS

[wxa7115]

Technicall analysis is the most important part of trading if we know this I am sure we can get a great benefit but sometimes Technicall analysis not working when any bad news coming in Market so I recommend we need to know both things

Technical analysis won't work alone without fundamental analysis, you should have many resources and indicators so that you can compare those stuff and make a final analysis on your own.  Knowing them all is the best weapon in trading and of course, the experience will also consider is the best teacher in trading that you should obtain skills and knowledge.

Technical analysis can work on its own and many traders prefer to use technical analysis exclusively to try to understand what the markets will do.

The reason for this most of the time has to do with the fact that even if you use fundamental analysis and you are good at it, it cannot tell you when a movement is going to begin or how big it will be, at best fundamental analysis will give you an idea of the direction the market will take but not of the magnitude of the movement, so many traders prefer to concentrate exclusively on technical analysis as this is something technical analysis can tell you.

[Slow death]

no doubt that technical analysis is essential in this cryptocurrency market, but also due to the great manipulation that exists in this cryptocurrency market, not all altcoins will be able to make a profit by doing technical analysis, this pump and dump scheme and any news influencing the market immediately makes technical analysis inefficient in this market

[Mpamaegbu]

making technical analysis is not that hard mate if you have so much time to invest in it to study the graph or let say market. and to be honest through youtube you can easily get some information how it really works..

Well, maybe not that hard as you implied because the real trading transcends knowing TA and into practical reality of first hand trading in real life. This is why a lot of traders aren't profitable despite knowing how to draw the TA lines and all that. Trading is an emotional thing. Any trader who wants to be profitable must have a solid grip on their emotions (fear and excitement) armed with knowledge of TA. Otherwise, they will just be gambling instead of trading.

but also due to the great manipulation that exists in this cryptocurrency market, not all altcoins will be able to make a profit by doing technical analysis

Market manipulation isn't exclusive to cryptos alone. All markets have their fair share of it, be it Forex Trading, Binary or even stocks; they all have it. Come to think of it, it's better to be armed with something going to war than nothing at all. TA is still important even in the face of perceived manipulation.

[awik p]

no doubt that technical analysis is essential in this cryptocurrency market, but also due to the great manipulation that exists in this cryptocurrency market, not all altcoins will be able to make a profit by doing technical analysis, this pump and dump scheme and any news influencing the market immediately makes technical analysis inefficient in this market

technical analysis is perfect for short term trading on major coins, at least that's what I'm doing right now. this will be difficult to do for new projects which are easier to manipulate and it is true that the news will psychologically make investors to carry out activities simultaneously, so it is very easy for pumps and dumps to occur.

[fullhdpixel]

please kindly share some tips and material links, journals for newbies and anyone who wants to brush up their knowledge on technical analysis.

This does not remain a big challenging task for any beginner because these days we are having google and YouTube for quick access to anything we want. Still, I appreciate your efforts for asking such a question to this community but you could find them by yourself by making use of this forum's search functionality.

If you are unable to find all the required materials by yourself then you may not be fit for making yourself ready for highly challenging crypto trading. I wished to get you only the guidelines, because you need to hit all exact things by yourself. This is what I'd like to suggest to you at the very beginning of your trading career because this way you could prove yourself to you about your capability for crypto trading.

[Quidat]

Hi everybody,

every top trader places high value on technical analysis knowledge and its application. for everyone that aims to be a successful trader must learn to study and understand technical analysis so as to be able to sigh read charts , interprete and place trades. please kindly share some tips and material links, journals for newbies and anyone who wants to brush up their knowledge on technical analysis.
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Thx.

Technical analysis is relevant for you to learn off and this is something should a trader would learn about on at least for him to sustain and survive with this market. Yes, fundamentals is needed but not most of the time there would be some news to rely on.You would be needing
that skill and knowledge on reading up charts whenever you do look at them and able to see on possible trend or possible price movement
which would really be giving out some edge compared to those who dont know.

[abikobong]

In my opinion conventional technical analysis in crypto is sham. How is it possible that when btc goes down all of crypto goes down? And when it goes up almost everything goes up. Theres something off about the crypto market but it’s difficult to pinpoint.

[TheListener]

Technical analysis is the best way to earn something best from trading because Technical analysis is the key to trading without this we don't know how market take next look if we know this then we can easily know the any coin next movement

[pgbit]

Technical analysis plays a very important role in Trading. in technical analysis you will know how the market will go means will market will go up or down. With technical analysis, you can get a good profit

[palle11]

Books are very good. But not all books are written by real successful traders, most of them are written by ordinary people who wanted to make money on it. The path of a normal real trader is through practice on the stock exchanges, but of course with minimal knowledge of the theoretical part.

I think book is just the reading aspect of trading. It shows you or prepares you on what to practice on and what to expect but practice itself is the real trade. In practice you make your mistake and do your correction and gradually grow in the market. No particular pattern is the best, all requires for practice to be better. So no trader will base experience on what was read but on what was practiced.

[lixer]

every top trader places high value on technical analysis knowledge and its application. for everyone that aims to be a successful trader must learn to study and understand technical analysis so as to be able to sigh read charts , interprete and place trades. please kindly share some tips and material links, journals for newbies and anyone who wants to brush up their knowledge on technical analysis.

It can be really intimidating at first for someone who is a novice tool agreed chart. Setting the first thing that you have to do since you’re still new to it is to learn the basics of technical analysis. For you to be able to learn you will have to be ready to also do your research. Because, you can’t learn when you are not doing your research if you keep asking just questions you are not really going to get it direct come get my dress drop little tips and it wouldn’t even be enough for you to lend that. And also they wouldn’t even go in depth into it.

So, that’s why you have to be ready to do your research, and read books  or articles that are about technical analysis. When you keep on doing that you would see that your understanding of what technical analysis is all about will improve overtime. It’s just a process, and everything has to do with process text time.

[Johnyz]

Technical analysis plays a very important role in Trading. in technical analysis you will know how the market will go means will market will go up or down. With technical analysis, you can get a good profit

TA really works even if its not 100% accurate, this is the rules that traders has been following since then so skipping TA wont make you a successful trader because for sure you are just depending on a hype and fud. TA might not easy to learn but the moment you learn the basic things, I’m confident that you can be more effective and profitable in trading once you master it.

[nelson4lov]

Books are very good. But not all books are written by real successful traders, most of them are written by ordinary people who wanted to make money on it. The path of a normal real trader is through practice on the stock exchanges, but of course with minimal knowledge of the theoretical part.

Books are pretty good resources to let just about anything including trading but getting the right content will go a long way. Videos too — even though not all of them are either certified or profitable. That's why it is important to carefully curate and select materials  for learning technical analysis. I'm not so sure of using stocks but it shouldn't ve much of a problem as people even use forex experience to trade/learn crypto markets.

[carlfebz2]

Books are very good. But not all books are written by real successful traders, most of them are written by ordinary people who wanted to make money on it. The path of a normal real trader is through practice on the stock exchanges, but of course with minimal knowledge of the theoretical part.

Books are pretty good resources to let just about anything including trading but getting the right content will go a long way. Videos too — even though not all of them are either certified or profitable. That's why it is important to carefully curate and select materials  for learning technical analysis. I'm not so sure of using stocks but it shouldn't ve much of a problem as people even use forex experience to trade/learn crypto markets.

Books are somewhat already irrelevant nowadays yet most of information that we are needing is already available through online which means you could learn up on various sources as long  you do know to search up even with  those just basics and the rest could be seen on Youtube.
ITs not really needed for you to search up for profitable ones.Stick with basics and the fundamentals of overall trades.

The rest of learning would really be acquired through experience and thats why you should know on how to handle up yourself
and learning on various sources.

[aquafinewater]

Technical analysis is the key to analysis any coin if we know  this correctly then we can easily find any coin next movement like what's coin support and what's resistance we can easily learn this from YouTube or follow someone experience man which guide us.

[wxa7115]

no doubt that technical analysis is essential in this cryptocurrency market, but also due to the great manipulation that exists in this cryptocurrency market, not all altcoins will be able to make a profit by doing technical analysis, this pump and dump scheme and any news influencing the market immediately makes technical analysis inefficient in this market

Technical analysis despite its predictive nature has some limitations and probably the most important is the one you are mentioning.

A market or an asset that has a limited volume can be manipulated at will by someone with a large enough position in it, this means that it will be impossible for someone using technical analysis to predict what it is going to happen next as the move will come out of nowhere, as such technical analysis is not really suited for those markets, which means that most altcoins should instead be traded using fundamental analysis.

[palle11]

no doubt that technical analysis is essential in this cryptocurrency market, but also due to the great manipulation that exists in this cryptocurrency market, not all altcoins will be able to make a profit by doing technical analysis, this pump and dump scheme and any news influencing the market immediately makes technical analysis inefficient in this market

Technical analysis despite its predictive nature has some limitations and probably the most important is the one you are mentioning.

A market or an asset that has a limited volume can be manipulated at will by someone with a large enough position in it, this means that it will be impossible for someone using technical analysis to predict what it is going to happen next as the move will come out of nowhere, as such technical analysis is not really suited for those markets, which means that most altcoins should instead be traded using fundamental analysis.

Because the market is made of both news too so we don't need to rely only on technical analysis alone. The price rice and also fall if that is what we call manipulation but I see that as volatility. However we need to follow the projects that we are trading through their social media like especially telegram and with that you know the plans there. Sometimes telegram followers know that the coin will pump either that there is a new positive development like new listing (and that is news or fundamental) and that will definitely increase the volume of the coin. So it is good for us to balance our trade by not only relying on technical but also using fundamental analysis by following the project team.

[SquallLeonhart]

it is good for us to balance our trade by not only relying on technical but also using fundamental analysis by following the project team.

Without fundamental analysis, you may finish off your trades in short term profitably with the help of technical analysis. But for long term trading then you need to check with both fundamental analysis and technical analysis so that you may catch the possible bottom and then you may hold for maximum profits until market starts to test another bottom.

most altcoins should instead be traded using fundamental analysis.

In my experiences, almost all alcoins are good only for short term trading which means just technical part is more than enough for me to gain some 10% to 15% profits in maximum one week of time.

[pieppiep]

most altcoins should instead be traded using fundamental analysis.

In my experiences, almost all alcoins are good only for short term trading which means just technical part is more than enough for me to gain some 10% to 15% profits in maximum one week of time.

Exactly. I agree that all coins are good for short-term trading but not with bitcoin. If they want to use bitcoin for the short-term, they need to have skills to analyze when to buy and sell so they can make a profit. However, technical analysis needs more information to figure out the time to enter the market. Otherwise, you will be in the wrong time to trade and not profit.

[riskarcher]

most altcoins should instead be traded using fundamental analysis.

In my experiences, almost all alcoins are good only for short term trading which means just technical part is more than enough for me to gain some 10% to 15% profits in maximum one week of time.

Exactly. I agree that all coins are good for short-term trading but not with bitcoin. If they want to use bitcoin for the short-term, they need to have skills to analyze when to buy and sell so they can make a profit. However, technical analysis needs more information to figure out the time to enter the market. Otherwise, you will be in the wrong time to trade and not profit.

Especially if the market situation is sideways but bearish time must determine the right decision in calculating with technical analysts and with news in the crypto market because these 2 factors affect the bitcoin price of candle stick. If you feel that the market situation is unstable, don't try to enter the market or try leverage