But ordinary people will trust crypto more if institutions show their trust in the first place IMHO
Looking from many traders on twitter (whom i follow) everybody of them uses TA and I think without good analysis you are bound to have more bad trades than good ones, even more if you use leverage trading on platforms like Primexbt or Bitmex - then the risk gets even bigger.
So i don’t think that you will fare good in trading or investing without some kind of proper TA or analysis on the projects and movement. If I knew about market cycles i would have shorted the top from a year ago, i didn’t had this knowledge and good analysis skills like now.
Agreed. But the analysis doesn’t always work well. In addition, I make my own investigation about the project
Yep, spot on
People read the news and make their own conclusions based on it.
What kind of an investigation? I mean there is nothing to be 100% sure
I’d like to know about investigation as well
I meant that I try to find as much information about projects as possible.
However, many say that technical analysis does help traders identify patterns and predict outcomes, so this topic is rather controversial
As long as you can read the outcomes of the analysis, yes
Ah ok. I thought you have a platform that compares such projects
Its only useful if everyone else is doing it then you can predict the market kind of
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Yeah I agree, if it helps shaping the market sentiment than the further development becomes predictable
It merely works long-term
For how long?
You may be right I don’t know a lot about it
Really? Could you clarify for how long please?
For about a year, for example. Hard to predict exactly.
Yeah, I wrote above - half a year/year
I got you! That’s great.
Do you use technical analysis to make forecasts?