What do you think about "Technical Analysis"?

[Rozy 1918]

Once I have heard an economist talking about cryptocurrency and forex market and he literally said that the technical analysis for these two markets are a big joke, there  are no right predictions because there is a strong power that are the whales who are in total control, it is true that with crypto there is no central authority but the whales have the authority of the big capital they have and the tremendous impact it is able to make. 

[Adrian Atiencio 156]

The most important thing is to know a good trading system through a person who already has results with it, every market movement is predictable, but this does not give us the opportunity to win every operation. The market always moves in a similar way, either fast or slow; if there are very volatile movements that are almost unpredictable, but these are almost always caused by a strong news. 

[Haley 832]

Many people use the previous market movements to analyze it and predict the future volatility of the market currency. But I don't think that it's possible to predict the market correctly and market don't follow these predictions. 

[Syriana 350]

I think that technical analysis is necessary and everyone should learn and use it because it will benefit you in many currency movement analyzes and how to determine the path of its movement and its graphic line, but you must study seriously and objectively more to be aware of the currency path and achieve what you want from it

[teebasas 3018]

When it comes to rapid fluctuations in the digital currency market, technical analysis cannot forecast them because they are caused by whales, but when the market is stable, technical analysis will help you predict the price of the currency.

[Alan Johns 258]

Technical analysis can help us to guess the near future of the coin based on the information of its past such as the history if the coin, its volume and all the aspects that could have effect on it's price.

[Miraa 654]

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. 

[Zrnabaly 179]

So dear may people use technical analysis. But many people predict. I don't know much about trading so I don't know is people analysis technically. 

Thanks.

[Reen 1120]

It is a nice idea, technical analysis to predict the market is a great thing for investors. Actually, 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. 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.

[alikhan59 542]

It is impossible for us to place forecasts and forecasts within the field of encryption, as you said that the market is witnessing very large fluctuations and continuously. Therefore, most of the expectations are wrong and I believe that trust in technical analysis is bad. 

[Alix188 585]

The news does not affect the prices of cryptocurrencies significantly, so the one way to predict prices is to use technical analysis or time analysis, and through technical analysis you can determine the goals that the currency will reach and determine the price of the stop loss

[Adam X 323]

It's not that simple, as some movements in the market are easy to predict with technical analysis, but when the price goes up quickly for a pump, technical analysis is no longer useful for us.

[MrSpasybo 1049]

@cryptotalker Technical and market sentiment analysis is the basics that every trader needs to know in order to be proactive in his trading strategy. Even if the market is moving sideways with great volatility, techniques can still be applied to smaller timeframes for traders to make profits. At the same time, learning technical analysis also helps traders have better psychology when trading.

[basel23 1722]

Of course, technical analysis can predict prices to find the best price for buying and selling, but technical analysis is not a simple matter and it takes a lot of practice to become a good analyst.

[Sypher9 1162]

Crypto currency are very volatile and some times get manipulated by large holders of crypto currency who we call 🐋 whales and they can cause a dump or a pump on price of a certain crypto therefore,the use of technical analysis during these moments can be worthless.

[Wael154 1134]

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. 

[Alishaaban 91]

Technical analysis is a must for everyone to learn because it is very important in the trading process it gives you a forecast of the crypto trend according to various charts and technical models.

[abohasnn9 2401]

My dear friend, technical analysis is the basis of any work regarding the field of work in cryptocurrencies for technical analysis is the only thing that separates us from buying currency, so we must learn technical analysis well. What does technical analysis mean? It is a freeing of the currency by giving a graph of the rise and rise that you get  In general, there are resistance points and support points. We should not be obliged to specialize in these highs and lows in general from drawing the expected bill of work after analyzing it mainly technically so dear I advise you to learn technical analysis before entering the field of cryptocurrency trading Thank you very much.

[Taj93 295]

Technical analysis of currencies and stocks is a method by which it is possible to predict the future prices of currencies and stocks in the trading markets through some charts and graphs, i.e. knowing the timing of the rise and fall of the price of currencies.

[Vola1s 727]

The market is unstable and sometimes makes traders panic, in my opinion by using technical analysis we can anticipate very fast movements, technical analysis is used by all crypto traders, because we can study charts of a coin both present and past charts. By using technical analysis, we can understand movement patterns.

[Ch kahlid 102]

Using ta, you can make educated guesses.

Swing trading can be lucrative at times and is generally efficient, but since there are so many schools of thought on and metrics to use, it's difficult to tell if it works.

The only constant I've discovered is that FOMO can get you rekt, and that doing ta also leads to good buys.

[Ashii 258]

I don't think about that. So I would say, yes technicals can be helpful, but if a whale comes by, they are worthless,so Thanks for useful post. I hope you are understand what are i am trying to say.

[Jenny Lavelle 526]

Hi..

Do you mean technical analysis that it is the prediction of experts or something else like that
If you mean the predictions of cryptocurrency experts, then in my opinion, yes, you can rely on them by 60% and this is about a personal experience that I have already tested twice or three, maybe more.

Edited May 1, 2021 by Jenny Lavelle

[sikaup 0]

the percentage of completion of the analysis is too low, I often lose when I follow it, I prefer to use the old method of buying when it goes down and selling when it goes up, because it is the whales that manage the not walk the candles