Is technical analysis useful for trading crypto markets?


#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?


#35

It is hard to make prediction even for the next week:)


#36

Surely, yes. Cryptocurrency analysis and forecast is very important for all the current tendencies on the market. Indeed, it is the basic of trading bots like https://coinsutra.com/3commas-smart-cryptocurrency-trading-bot-review/ work. The developers analyze the tendencies and then provide them to the people working with it.


#37

Like this time with BTC again


#38

Do you mean technical analysis?