The Purpose of Technical Analysis

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23 hours ago, Spencer21 said:

What are the reason for technical analysis, but I think it helps in predicting where the market direction will go next. It helps and enables you not to loss too much in the market because the analysis will help sometimes know exactly the position the market will move exactly.

Still, it does not ensure you about the upcoming moves of crypto markets with the 100% accuracy because crypto market's sentiments can be deviated anytime as it is highly sensitive. At least Technical Analysis helps to trade by analyzing already available historical or real time data that's why this topic can be useful. 

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On 12/11/2020 at 8:44 AM, Muhammad said:

Technical analysis is a trading discipline employed to evaluate investments and identify trading opportunities in price trends and patterns seen on charts.

Yes, have you preferred technical analysis before performing the cryptocurrency trades ? 

1 hour ago, Rukhsar007 said:

Purpose of  technical  analysis  is to carry out price forecast and traders use  for decision  making  by various indicators  patterns  and analytical  objects they can carefully assess.

Core purposes of the technical analysis is to predict, the most probable outcomes. Majority of the traders do so just to be sure they are not doing any trades unconsciously. Sometime wrong trading strategy without technical analysis may cause a loss.  

[Tamim75 199]

Thanks for this good tutorial, it will really help anyone who wants to know about technical analysis, I think it is useful as a newbie because I want to learn how to trade. I hope you look around teaching us how to trade.

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On 4/9/2021 at 4:50 PM, Farifad said:

In my opinion, it is one of the most important posts on the forum, with the important information it provides about cryptocurrencies, especially for beginners, thank you very much.

Generic statement, I do not think you have added something special in this thread.

16 hours ago, Tamim75 said:

Thanks for this good tutorial, it will really help anyone who wants to know about technical analysis, I think it is useful as a newbie because I want to learn how to trade. I hope you look around teaching us how to trade.

There are already some tutorial topics about Order book, trading types, future trading and many more. You follow all of them to increase your knowledge. If you have anything to ask me about the technical analysis, you can do so here. 

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On 12/8/2020 at 7:55 PM, Zeeehussain said:

Thanks for this wonderful tutorial. I learnt many new things about online trading send investment terms and believe me I was totally unfamiliar with those terms before. That was very useful for me. The presentation of your tutorial was great. You present all the terms in very simple way that anyone can understand it is easily. 

There are still so many terms related to the technical analysis and it is not possible to accommodate all the information in the single topic. At least you have managed to get some basic things off this topic, its fine for you. Wait a while, I might create other topics based on the technical analysis. My intention is always to help you guys. 

[Kalisha01 82]

This is a fantastic subject, my friend, and you have provided a wealth of information that will benefit anyone who is considering trading. I have also learned a few things from your article, as trading is all about improving our knowledge every day, and we should not be lazy or hesitant to learn if we want to achieve success.

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On 4/17/2021 at 2:34 AM, Kalisha01 said:

This is a fantastic subject, my friend, and you have provided a wealth of information that will benefit anyone who is considering trading. I have also learned a few things from your article, as trading is all about improving our knowledge every day, and we should not be lazy or hesitant to learn if we want to achieve success.

Perfect, so have you found it useful to gain the basic ideas about the technical analysis from this topic? Skills to perform technical analysis build up according to the time and efforts to learn the new things. It was really a time consuming process for me too, I learnt the ideas to do technical analysis systematically.  

[Nnnbht 502]

Thank you for this useful lesson. I was learning technical analysis, and I encountered difficult things that I did not understand. Here, it became clear to me, but I have a question. Can I rely on one of the tools in trading?

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On 4/20/2021 at 5:02 PM, Nnnbht said:

Can I rely on one of the tools in trading?

Yes, you can use any of the mentioned tools and techniques while making the technical analysis for trading. You can use some of the free features on https://www.tradingview.com/ to perform the technical analysis before making the cryptocurrency trades on so many trading platforms. Have you faced any difficulties while checking the OP? 

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21 hours ago, Gridarara said:

Thanks for sharing this wonderful tutorial defenatily a person who wants to trade should learn the technical analysis so that he know more about cryptocurrency and get healthy benefit.

Since technical analysis just offer the estimations(Not a guaranteed outcomes), it is not sure you will always receive the healthy benefits however it can be very helpful to maximize the earning possibilities in the cryptocurrency trading.  Learn the basic things mentioned in this topic. 

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12 hours ago, Chacho1234 said:

This is wonderful topic my friend it is full of more information that can help each and everyone who is venturing in trading as you have elaborated it in a smart and clear manner,I have also taken few things from your post since trading is about upgrading our knowledge each day and we should not be lazy or seize to learn if we want to behold success.

The topic is constructed to help newbie and at its core, just basic concepts are embedded. Due to so many circumstances and the technical difficulties, I'm still unable to create a detailed topic by including so many illustrative images on this  platform. You can find the free courses online from the top educational institutions, take them to increase your knowledge in the cryptocurrency trading sphere. 

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23 hours ago, fahaddewan111 said:

As a newbie because  I want to learn how to trade.  I hope to

See you around teaching us how to trade.

If you are interested in trading, how useful this article for you ? Stepwise guidance is offered in the free courses from platforms like EDX and Udemy, check some good courses here:https://www.edx.org/course/bitcoin-and-cryptocurrencies and https://www.udemy.com/course/the-complete-cryptocurrency-trading-course/

 

[Danial john 0]

Thank you very much for sharing this with us. Useful and I appreciate this as I am only a beginner in this field and these articles will give me some good knowledge.

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2 hours ago, amarach said:

I really impressed with your post and its new topic for me as well. . And is very important to do the analyse in many platforms. You did such a nice work and delivered us with vast topic and variety of knowledge. Thanks!

Analysis is done by locating the past events and then the future is predicted in that way. Technical analysis can be done after gathering all the essential data or we can even use some advanced analytical tools with the loaded chart patterns perform the  technical analysis. Chart reading methods are explained in this topic which may help you. 

[erson64 0]

I don't think technical analysis is useless in price predictions, but it needs time and more research to understand the concept instead of just memorizing patterns. I spent some time understanding chart patterns, I don't always use it with every coin, but it is useful if you have enough historical data to support predictions.