Is technical analysis useful for trading crypto markets?


#15

But ordinary people will trust crypto more if institutions show their trust in the first place IMHO


#16

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.


#17

Agreed. But the analysis doesn’t always work well. In addition, I make my own investigation about the project


#18

Yep, spot on
People read the news and make their own conclusions based on it.


#19

What kind of an investigation? I mean there is nothing to be 100% sure


#20

I’d like to know about investigation as well


#21

I meant that I try to find as much information about projects as possible.


#22

However, many say that technical analysis does help traders identify patterns and predict outcomes, so this topic is rather controversial


#23

As long as you can read the outcomes of the analysis, yes


#24

Ah ok. I thought you have a platform that compares such projects


#25

Its only useful if everyone else is doing it then you can predict the market kind of


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#27

Yeah I agree, if it helps shaping the market sentiment than the further development becomes predictable


#28

It merely works long-term


#29

For how long?
You may be right :blush: I don’t know a lot about it


#30

Really? Could you clarify for how long please?


#31

For about a year, for example. Hard to predict exactly.


#32

Yeah, I wrote above - half a year/year


#33

I got you! That’s great.


#34

Do you use technical analysis to make forecasts?