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What do you think about "Technical Analysis"?

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if this is done analyzing the volume of transactions on the entire coinmarketcap, it is really meaningful to predict, but on a floor, it can not be rated, anyway it is great.

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Technical Analysis refers to using past prices (or volume) to make your trading decisions.

This can be tools like candlestick patterns, chart patterns, technical indicators, trends, etc.

But if you want to develop your own strategy, then it would great.

Edited by vivek jain

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In my opinion, technical analysis is the complicated way ever to predict the price in the future. I already learn it but still stupid don't know how it work. Hehehe...

Basicly it is predicting the price based the chart pattern. Draw a line, pick some RSI or whatever.

I prefer see the history price year by year or month by month. Then see volume, marketcap, and the price so i can predict the movement next will going up or down.


Please don't spam this forum!

Give me 💙 if my post helpful

Thank you.

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Technical analysis tries to capture market psychology and sentiment by analyzing price trends and chart patterns for possible trading opportunities.it benefits by more and more practice.

13 hours ago, Albert said:

yes I am agree with your comments and most people use technical analysis and most people analysis this market so I think it is very good I dea

Some believe technical analysis is the best way to trade, while others claim it is misguided and lacks a theoretical basis. Here we debunk some myths on both sides of the debate.

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Honestly,in my own opinion,Technical analysis now is getting useless,yes it is good to predict the price and get profit but people sometimes dont follow it,they just follow what other trader says.

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25 minutes ago, Ms.o said:

Honestly,in my own opinion,Technical analysis now is getting useless,yes it is good to predict the price and get profit but people sometimes dont follow it,they just follow what other trader says.

But sometime the traders are saying very honestly about the future market and I also follow the expert traders prediction.

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6 minutes ago, Zentoly said:

But sometime the traders are saying very honestly about the future market and I also follow the expert traders prediction.

There are some,but there's alot giving signals just for theirselves,..that's why sentiments is more working than t.a..just my honest opinion

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13 hours ago, Luv4me said:

Seriously, so apart from technical analysis, since you do not use indicators, what do you do to know that market direction?

well i will tell you that I'm a day trader and my goal is to always increase my USD not my BTC holding, i buy a coin that goes into red and sell it for 3-5% profit, i dont hold a coin for long unless i buy a very good coin at the bottom and i dont hold it for more than 2 weeks. my last hold was WAVES and that gave me over 30%. technical analysis havent helped me much.

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If you talk about the rapid fluctuations in the digital currency market, you cannot expect it through technical analysis because it occurs due to whales, but technical analysis often helps you to predict the price of the currency when the market is stable.

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Technical analysts believe past trading activity and price changes of a security can be valuable indicators of the security's future price movements.it is good for day traders or short term traders.

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I think ablut technical analysis is the main tool and useful things to use in trading because it shows you how to deal with trading and it can enhance your trading skills good one

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On 12/21/2019 at 1:39 PM, Luv4me said:

You got a good chance to get profit from the market, i wish i can identify the market the way you also do it. I wish to be like you

dont worry man you will learn with time and im not that good in seeing opportunity but i just keep looking for a coin that has a good set up and have a good news upcoming, 

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On 10/26/2019 at 11:11 AM, duncun007 said:

I have been in crypto for 3 years now and never have I ever used technical analysis once because this market doesn't respect analysis neither can it be predicted by it.

technical analysis is basically for short term or daytraders.who do tradez with small amount profit margin.it isn't always guaranteed profitable.also use fundamental analysis too.it is based on patterns,charts and previous records.

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I don’t think that analysis can predict the direction of the course, in cryptocurrency everything is unpredictable, often the case is that the coin seems to be bought at the bottom, but in the end it goes even lower, if everything was so simple, then all traders would be rich

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2 hours ago, Slavi said:

I don’t think that analysis can predict the direction of the course, in cryptocurrency everything is unpredictable, often the case is that the coin seems to be bought at the bottom, but in the end it goes even lower, if everything was so simple, then all traders would be rich

i couldnt agree more, i see everyone posting charts that we are bearish when the price fell bellow 7000$ they said it will go to 5000$ and now everyone changed their mind to bullish.

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On 12/21/2019 at 3:42 PM, Ibbul said:

I have been in cryptocurrency for three years and have never done a technical analysis, because this market is not subject to audit or predictability.

If you are already in the long term holding you do not need technical analysis, but as a daily trader I think technical analysis is your bright candle in the dark because it shows you the direction of the next price.

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On 12/24/2019 at 1:28 AM, Cryptominer said:

For now the market is unstable, Anything can be happen in anytime. It's seems that the market is also volatile. Sometimes it's going down and sometimes it's raises. It's really confusing.

yea and in any other market we would use technical analysis to make sense of the market and where its heading but the thing is with bitcoin market you cant really know where its heading next which makes us all confused.

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Technical analysis works. The support and resistance levels, as well as the technical analysis of the chart itself, work specifically, and it is better to draw it on a 1D timeframe. All figures and indicators - they rarely work, so I do not recommend using them.

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19 hours ago, ashua1 said:

Exact day trading needs the most accurate analysis because if you are wrong every minute you may have lost a lot.

i think whether its long term or short term, technical analysis is never accurate enough divert losses from u because we are never successfully escaping losses.

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30 minutes ago, Ladidi said:

I suppose it's far feasible to predict approximately market circumstance by using technical evaluation. the prediction might not be accurate all time but most time the prediction may be correct. To expect approximately market you need to do analysis about the marketplace situation.

yea even tho the prediction might not always be accurate but at least it gives you a clue to what might happen in bull or bear market, but it takes lots of time to learn it.

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Technical analysis basically based on past trading activity and price changes. But in this market technical analysis is difficult because it does not follow past trends. But with technical analysis you can understand little bit about next moves. And you can reduce your loss upto 50%.

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Techincal analysis is fascinating as there are too many tools that you can use and predict price. 

I've came across really good traders that were actually predicting the exact top and bottoms. Still TA some people believe TA is under-rated because of the large precentage of times you go wrong with it. 

There are tools you can use but also there is a correct way of using them.

The ones that profited me most are MACD, Fibs and sometimes RSI. Also good indicators are Ichimoku clouds and I've tried to figure out if Hyperwaves by Tyler Jenkings (RIP my friend) were working but it seems Bitcoin didn't actually validated that theory. At least not yet.

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On 11/29/2019 at 9:08 PM, Akbor said:

I think it is possible to predict about market condition by technical analysis. the prediction may not be accurate all time but maximum time the prediction will be okay. To predict about market you need to do analysis about the market condition.

Yes that is true anyone can predict the market but he follow the rules of the market read at least 3 weeks of the price on market write market downs and ups on the paper read the history of the specific coin or currency after research  you will be able to predict what happen next .

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20 hours ago, Maaz sultan said:

Yes that is true anyone can predict the market but he follow the rules of the market read at least 3 weeks of the price on market write market downs and ups on the paper read the history of the specific coin or currency after research  you will be able to predict what happen next .

Mainly prediction is done by the past history. technical analysis is not always good but some times they give good prediction but prediction by man is good.

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Technical analysis created to help trader decide what the best for him. In this analysis included indicator to predict market direction, stop loss and take profit area. Trader can also use fundamental method as basic analysis. Analysis create prediction and prediction not always right. Money management is your safety, use it to avoid bigger lost.

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However, the fear of low inflation and a sharp yen appreciation deters the BoJ from raising the interest rate and narrowing the gap with other major global currencies' rates. A strong yen would harm national exporters. The decline in industrial production, which fell by -0.1% in April both month-on-month and year-on-year, does not encourage borrowing costs to rise.   The last note of the week for USD/JPY was struck at 157.25. United Overseas Bank (UOB) analysts believe that in the next 1-3 weeks, "the dollar has the potential for growth, but given the weak upward momentum, any advancement is likely to be slow. The 157.50 level might be difficult to overcome, and resistance at 158.00 is unlikely to be reached in the near future."   Speaking of the average forecast of experts, only 20% indicate a southward direction, while the remaining 80% adopt a neutral position and look east. Technical analysis tools show no such doubts or disagreements. Thus, 100% of trend indicators and oscillators on D1 point north, with 15% already in the overbought zone. It should be noted that if the green/north color of the indicators for the euro and the British pound indicates their strengthening, in the case of the yen, it conversely indicates its weakening. Therefore, traders may find it interesting to pay attention to the EUR/JPY and GBP/JPY pairs, whose dynamics have been impressive lately. The nearest support level is in the area of 156.25-156.60, followed by zones and levels at 155.50-155.90, 153.10-153.60, 151.85-152.35, 150.80-151.00, 149.70-150.00, 148.40, 147.30-147.60, 146.50. The nearest resistance is in the 157.40 zone, followed by 157.70-158.00, 158.60, and 160.00-160.20.   No significant events or publications regarding the state of the Japanese economy are expected next week. CRYPTOCURRENCIES: Bullish and Bearish Ethereum Prospects   For the second week, market participants' attention has been focused on the main altcoin. On 23 May, the US Securities and Exchange Commission (SEC) approved 19b-4 applications from eight issuers of spot exchange-traded funds based on Ethereum. (According to JP Morgan experts, this was dictated not by a desire to support digital assets but by a political decision aimed at supporting Joe Biden ahead of the US presidential elections.) Whatever the true reason for this regulatory move, everyone is now interested in where Ethereum prices will go. The newborn ETH-ETFs can only start trading after the SEC approves the S-1 applications. According to Bloomberg analyst James Seyffart, this could take "weeks or months," although it is very likely to happen in mid-June. According to DeFiance Capital CEO Arthur Cheong, Ethereum's price could rise to $4,500 even before trading begins. CCData analysts believe that within 100 days of the launch of ETH-ETFs, the price could reach $5,000 per coin. This forecast is based on linear regression and the price statistics of bitcoin after the launch of spot BTC-ETFs. CCData's analysis assumes that inflows into similar Ethereum funds will be at least 50% of inflows into Bitcoin-ETFs, which means about $3.9 billion over a 100-day period.   Popular analyst Lark Davis has forecasted future growth for bitcoin to $150,000 and Ethereum to $15,000, explaining such a sharp price increase by the emerging market dynamics. The main reason for growth, Davis also cites spot BTC-ETFs, to which ETH-ETFs will now join. This will further fuel the cryptocurrency market's enthusiasm. Currently, spot BTC-ETFs hold 1,002,343 coins (≈ $68 billion), which is about 5% of the circulating supply of the flagship asset. Davis believes this impressive figure clearly indicates growing recognition of cryptocurrency and interest from institutional investors, especially from the US.   Strike CEO Jack Mallers predicts that during the ongoing bull rally, bitcoin could reach $250,000 and possibly rise in price to $1 million. On a podcast with Pomp Investments founder Anthony Pompliano, Mallers explained his bold forecast by stating that bitcoin is still at an early stage of development. According to him, the bond market is currently facing problems, so central banks may inject a significant amount of liquidity into the financial system to stabilize it. This liquidity influx will trigger an increase in the value of risky assets, including the leading cryptocurrency.   Jack Mallers disagrees with the notion that bitcoin is a bubble or a tool for speculation. The asset is becoming increasingly popular among financial giants on Wall Street, and its limited supply of 21 million coins makes BTC highly resistant to inflation, unlike fiat currencies and gold. "Bitcoin can be called the hardest form of money – thanks to the fixed issuance schedule and halvings every four years. The release rate of new coins gradually decreases, thereby increasing bitcoin's long-term value," argued the Strike CEO.   Analysts from financial investment company Motley Fool also target a six-figure number. They suggested that bitcoin's rate could rise to $400,000 and possibly even reach $1 million. The reason, which has been mentioned many times, is the influx of money from institutional investors through spot ETFs. Motley Fool analysts noted that more and more pension funds and hedge funds, managing multi-billion dollar sums, are entering the bitcoin market. Thanks to cryptocurrency ETFs, they can easily include bitcoin (and soon Ethereum) in their investment portfolios.   According to analysts, around 700 investment companies have already invested in such funds. Nevertheless, the share of institutional investors in bitcoin-ETFs is currently only about 10% of the total. Motley Fool estimates that if financial institutions invest about 5% of their assets in bitcoin, the market capitalization of the first cryptocurrency could exceed $7 trillion, which explains its forecasted rate of $400,000.   Considerably less optimism was heard in the forecast of Bloomberg senior analyst Mike McGlone. According to him, bitcoin's volatility leaves it trailing gold and the US dollar in investment appeal. Furthermore, he believes that stocks will soon crash amid the expected recession, but BTC will suffer even more than the stock market. McGlone emphasized that the Tether (USDT) stablecoin, pegged to the US dollar, typically trades twice as much per day as bitcoin. "I can access the US dollar anywhere in the world from my phone using Tether. Tether is the number one trading token. It's the number one cryptocurrency for trading. It's the dollar. The whole world has moved to the dollar. Why? Because it's the least bad of all fiat currencies," the Bloomberg expert stated.   While Mike McGlone merely downgraded bitcoin's attractiveness, Cardano founder Charles Hoskinson simply buried it. He equated bitcoin to a religion and stated that the industry has outgrown its dependence on it. According to Hoskinson, "the industry no longer needs bitcoin to survive." He pointed out critical threats to the leading cryptocurrency, including insufficient adaptability and dependence on the Proof-of-Work algorithm. Franklin Templeton analysts, on the contrary, consider L2 protocols, along with Ordinals, Runes, and DeFi primitives, as one of the main drivers of bitcoin's innovation revival. Strike CEO Jack Mallers defended the first cryptocurrency. According to him, the Lightning Network, created for instant and cheap transactions, a second-layer solution based on the BTC blockchain, can further increase the demand for the first cryptocurrency. Mallers believes that thanks to this, bitcoin can be used for everyday purchases, such as paying for a cup of coffee. Former BitMEX CEO Arthur Hayes called the native token of the Cardano blockchain (ADA) "dog shit" due to its low use in protocols.   As of the time of writing this review on the evening of Friday, 31 May, ADA is trading at 0.45 USD per coin, while bitcoin and Ethereum are faring significantly better: BTC/USD is trading at $67,600, and ETH/USD at $3,790. The total cryptocurrency market capitalization is $2.53 trillion ($2.55 trillion a week ago). The Bitcoin Fear & Greed Index remained almost unchanged over 7 days, staying in the Greed zone at 73 points (74 a week ago).   It should be noted that ETH/USD failed to break through the $4,000 resistance this past week. The local maximum was recorded on Monday, 27 May, at $3,974. The lack of an immediate pump is explained by the fact that everyone who wanted to buy Ethereum in anticipation of the SEC's historic decision already did so. Meanwhile, according to some analysts, there is a high probability that immediately after the launch of the long-awaited spot exchange funds, Ethereum will enter a deep drawdown, similar to what happened in January with bitcoin. Then, over 12 days, it fell by 21%.   One of the key reasons for BTC's drawdown at that time was the unlocking of GBTC fund assets from Grayscale, which was converted into a spot fund from a trust. It began losing investments daily at a rate of $500 million. It is possible that something similar could happen with Ethereum, where Grayscale's ETHE fund holds $11 billion worth of ETH. As soon as this fund is converted into a spot fund and its assets are unlocked, short-term investors might start taking profits, potentially causing ETH/USD to fall to the strong support zone of $2,900-3,200. Pessimists among bearish factors also cite the uncertain legal status of the altcoin, as the SEC has not yet clearly defined whether ETH is a commodity or a security. Additionally, the regulator has many complaints about the staking program.   Staking is a way to earn cryptocurrency by "locking" a certain amount of coins in a wallet on the Proof of Stake (PoS) algorithm to support the network. In return, the user receives rewards in the form of additional coins. According to Wall Street legend Peter Brandt, "the biggest disasters in the cryptocurrency sphere that are yet to happen will be related to staking." The expert noted that such assets as Ethereum are often rented out to earn such income, often in the form of interest, which strongly reminds him of collapsed financial pyramids. As staking becomes more widespread, Brandt warned, it could attract increased attention from central banks, treasuries, and other authorities. This could lead to tighter regulation, significantly altering the crypto space and potentially resulting in the cessation of staking and bankruptcies for those involved. NordFX Analytical Group   Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/ 
    • Даа, кроме нас на форуме остались рекламщики обменников и все). А у вас было монета not, он очень хорошо вырос. Надо было покупать сразу после листинга. Даа, упускаем моменты). Биткоин продолжает коррекцию делать, а я купил какие то щитки и вынужден ждать. 
    • Крупный банкир получил тюремный срок за криптомошенничество   Бывший инвестиционный банкир Рашон Рассел приговорён к 41 месяцу тюремного заключения за мошенничество с использованием цифровых активов. В результате расследования правоохранительные органы США выяснили, что обвиняемый начал опробовать свою мошенническую схему на друзьях, бывших одноклассниках и коллегах по работе в криптофонде R3 в ноябре 2020 года. Рассел обещал им гарантированную доходность инвестиций от 25% до 100%. Чтобы его слова были ещё убедительнее, он пустил в ход свой опыт инвестиционного банкира и сфабрикованные документы (поддельные счета, переводы). Сначала он использовал часть полученных обманным путём средств для выплаты долгов более ранним инвесторам. Остальные деньги Рассел тратил на азартные игры и поддержание роскошного образа жизни. Такая мошенническая схема работала до августа 2022 года. В апреле 2023 года Рашона Рассела арестовали, а в сентябре он признал свою вину. Тогда же выяснилось, что Рассел незаконно приобрёл около 100 кредитных и дебетовых банковских карт на имена других людей. По мнению следователей, он планировал использовать карты для проведения транзакций с полученными незаконным способом деньгами. Минюст США подсчитал, что потери инвесторов от мошеннической схемы Рассела составили $1,5 млн. Именно эту сумму подсудимый должен выплатить своим жертвам в качестве компенсации. Источник - https://ru.investing.com/news/cryptocurrency-news/article-2428894
    • CryptoRank поделился списком крупнейших разлоков июня.        Будьте осторожны в отмеченные дни, ведь увеличение предложения может вызвать давление со стороны продавцов. ARB — $105.21 млн;APT — $103.03 млн;UNI — $87.93 млн;STRK — $75.67 млн;DYDX — $66.3 млн;SEI — $63.81 млн;ID — $55.82 млн;IMX — $54.96 млн;MERL — $42.21 млн;ENS — $36.65 млн.  
    • 🚀Join $20 000 000 Cryptodrop 🚀Collect points to get BFG rewards 🚀To the Moooon!    If you are interested, click here 👇
    • В Татарстане построят майнинговую ферму стоимостью $100 млн   В Иннополисе, городе высоких технологий в Республике Татарстан, реализуют майнинговый проект стоимостью $100 млн. Об этом на криптофоруме в Казани сообщил заместитель премьер-министра Татарстана Роман Шайхутдинов и заместитель министра цифрового развития, связи и массовых коммуникаций РФ Александр Шойтов.     В 2023 году Россия поднялась на второе место по майнингу криптовалют. По оценке экспертов, в майнинге может быть использовано до 5 гигаватт электрической мощности, что позволит стране занять лидирующие позиции в отрасли, — сказал Александр Шойтов.   В середине февраля компания по добыче биткоинов BitRiver также обнародовала планы по запуску крупнейшего в России дата-центра, ориентированного на искусственный интеллект.   В РФ пока нет чётких правил по контролю майнинга. В конце апреля российские законодатели представили новую версию законопроекта, направленного на регулирования рынка добычи криптовалют. По словам одного из его авторов, правила могут вступить в силу уже в сентябре этого года.
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