What do you think about "Technical Analysis"?

[cryptotalker 611]

Hello everyone ... markets have a volatile market. sometimes there are quick movements that we don't understand. do you think we can predict these movements using technical analysis?

[duncun007 3577]

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.

[CrazyIvan 258]

4 hours ago, 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.

Crypto is special, because it's not needed to do technical analysis. Sometimes it can be helpful, but these whalemoves can not be predicted. So I would say, yes technicals can be helpful, but if a whale comes by, they are worthless, haha 🙂

[Deborah Christine 410]

6 hours ago, cryptotalker said:

Hello everyone ... markets have a volatile market. sometimes there are quick movements that we don't understand. do you think we can predict these movements using technical analysis?

For me, it would be better if we balance technical analysis and fundamental analysis in trading to improve the accuracy of technical signals. Even if you end up choosing technical analysis techniques, be sure to stay abreast of the latest news about crypto coins.

[ultimateclub 392]

The current market is in an unstable situation. Anything could be happen in anytime. It's seems that tge market is also volatile. Sometimes it's going down and sometimes it's raises. It's confusing.  

[bentayebsalah 2280]

45 minutes ago, Bmw55 said:

Techical analysis is just a way to make better predictions about the market but this doesn't mean you can 100% make more profit. Yes, your chances increase because you study the market in a better way but it's still just a prediction

Yes I agree with you
But the analysis is to study the market in a scientific way and compare prices
It's not like predicting things, it's often a mistake

[Hensay 1]

Thank God you also mention the word volatile, which means anything can happen. To me there is no crime in using technical analysis to make some prediction but you must also be ready for any outcome because in crypto anything can happen.

[williamz902 696]

I believe that it's possible to some extent - but generally an analysis requires that you know what the market is doing right now - not what it's going to do in the future. For example, you can tell when a coin is really low and everyone is buying into it, and you can tell when a coin is far above it's value and everyone is getting ready to sell. It's not so much predicting what's going to happen, but what's happening right now and what you should be doing.

[duncun007 3577]

19 hours ago, CrazyIvan said:

Crypto is special, because it's not needed to do technical analysis. Sometimes it can be helpful, but these whalemoves can not be predicted. So I would say, yes technicals can be helpful, but if a whale comes by, they are worthless, haha 🙂

Yes exactly my point. Technical analysis can be useful when the coin isn't controlled by whales because I spent time learning some of the indicators thinking it will help me trade but turns out they don't work on bitcoin.

[crypto1 62]

trading is very difficult business and the prices do not move in similar pattern during the whole course of the trading. same is the case with technical analysis . technical analysis is great for trading but can not b always accurate. 

[avatarkiyoshi 270]

On 10/26/2019 at 10:38 AM, cryptotalker said:

Hello everyone ... markets have a volatile market. sometimes there are quick movements that we don't understand. do you think we can predict these movements using technical analysis?

Quick movement usually come from fundamental which really affect the market. So I think it's not enough to predict the market with technical analysis only.

[Akbor 1042]

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.

[avatarkiyoshi 270]

4 hours ago, Awaremooner said:

I believe you will get the fundamentals right when you have gotten the technical analysis right

Nope, both is different method, there might be continuity between the two method in the special timeline (example: when it's halving) so it's enough to use technical analysis only, but in fact fundamental is necessary.

Edited November 29, 2019 by avatarkiyoshi

[xprince1996 865]

On 10/26/2019 at 11:38 AM, cryptotalker said:

Hello everyone ... markets have a volatile market. sometimes there are quick movements that we don't understand. do you think we can predict these movements using technical analysis?

Nope technical analysis cant predict these movements because it is made by the people who are trying to play the market movements only natural movement can predict using technical analysis.

[Brushless4500KV 4214]

Technical analysis is a kind of professional price prediction. You can use it to become familiar with price movement pattern for every coin which is called price trend. You will achieve this by studying the historical data about prices and volumes and you get an idea about how a particular coin behaves on average. This is a good strategy but is very time consuming because you need to analyze lots of price charts and data. I think this technique is more useful for stock trading because stock trading is more transparent than crypto trading and you can gain information about the companies who own a particular share. Cryptocurrency is the world of unknown and it may behave unlike what you read or predict in the charts. So, if you have enough patience to go through technical analysis you can try it but if you don't want to be flooded with charts and data, you can only read reliable price predictions on valid websites.

[rekter 8129]

On 10/26/2019 at 6:38 AM, cryptotalker said:

Hello everyone ... markets have a volatile market. sometimes there are quick movements that we don't understand. do you think we can predict these movements using technical analysis?

You can make educated guesses using ta.

Swing trading is pretty profitable sometimes and ta more or less working, but there are so many schools on what indicators to use it's really hard to say if it works just because there's a million ways to do it.

 

Only thing i have found out that is constant that FOMO will get you rekt, and doing ta often gives you good spots to buy.

Edited December 5, 2019 by rekter

[alexisfuentes 2130]

On 10/25/2019 at 11:38 PM, cryptotalker said:

Hello everyone ... markets have a volatile market. sometimes there are quick movements that we don't understand. do you think we can predict these movements using technical analysis?

 

The predictions  are not to ensure or guarantee that they will be fulfilled but they guide your "Decision-Making" and can make them winners.

[Yanadia 1517]

Form the book i read teknik Analisys a is a method or way to process a data into information so that the characteristics of the data become easy to understand and also useful for finding solutions to problems, which are mainly problems that are about a research

[khan22 3478]

Technical analysis are the best to analyse the market but some time we should see the candalistic pattern also and watch carefully the market because before three years market will move on the news but now this time news will not work like before and almost all the market will run through the psychological base.

[Whydoyoucare 1094]

Technical analysis cant really predict the movements of the coins, sometimes it can but often not, to be real its coins are really hard to predict. thats why its makes it more excitement. 

[duncun007 3577]

2 hours ago, Luv4me said:

Using indicators right, but they are also slow in some cases and sometimes they give wrong signals to the traders

the always give wrong signals and its not easy to understand where bitcoin is heading next which is why technical analysis seems pointless to me.

[cryptozalmii37 257]

Technical analysis is good in trade but not every time every analysis is good some time news based trading is even more beneficial but there are lot of analysis and stretgies in trading we should follow them to be a good trader

[Pearls Before Swine 815]

I think TA is a bunch of nonsense myself, but I know that a lot of traders put their faith in it.  I don't understand that reasoning at all, because you're basically looking at past prices and trying to discern a pattern out of them that holds the key to future prices.  In my experience and from what I've learned throughout the years, markets don't work that way.

 

The only time TA really works is when there's a blatantly obvious trend, and you really don't need to study charts all that much to profit from the market when that's happening.  I'm talking about times like 2017 when the price of bitcoin was going straight up.  Anyone with a functional pair of eyes could see that money was to be made.

[nasipadang 399]

On 10/26/2019 at 10:38 AM, cryptotalker said:

Hello everyone ... markets have a volatile market. sometimes there are quick movements that we don't understand. do you think we can predict these movements using technical analysis?

In my opinion, technical analysis can help you if you are confused about wanting to enter a trade. Technical analysis is more how to understand the market, usually in cryptocurrency tends to trend and history of traders. 

[tranhungritc 191]

It is a good idea, technical analysis to predict the market is a great thing for investors, but it needs verification to evaluate, because it involves investment and money. Our truth, good luck to you