Technical Analysis is what you need!!!!

[Mr. Allcrypto]

Yes in crypto trading, there are some things a trader is supposed to do to avoid many loss and one of them is technical analysis.
You must be able to analyze the market on when to buy and when to sell, and also have the ability to control your emotions in trading.

[Mr. Magkaisa]

     -     I believe that analysis helps a lot when we do trading activities because, through it, our imagination works out where the price of a coin we hold will go.

and because of the tool indicators that we also use, we can create an analysis so that we can confirm that this is where the price of the coins that we hold will be directed.

[Faisal2202]

If you like more in depth details with chart, I'm going to post more in this thread!

Let me know, fellas~~~

Welcome back, ( I honestly don't know you, but if you off from here for sometime then welcome back) I can see you have some knowledge of TA to increase the profit ratio in compared to loss. I liked the way you conveyed your whole point in just 1 or 2 lines, I know the post is more than that, ut the line "All you need is the Higher Time Frame PDA, which you can look for FVG's or Order Block ( OB )" says it all. Great work. I am not a technical trader but have enough sense to make meaning of your post. I also believe more in Resistances and supports because if they are right then the chances of making profit increases plus of loss decreases too.

BTW what do you think about the 4EMA indicator where the 4 MA lines are drawn on the chart, that helps us to make resistances and support. I learned it and tried to validate the accuracy and it really works, but the main point is something is missing, as I can't trust on this single indicator only I know I have RSI indicator as well, but nothing makes much sense, but RSI helps me to take decision, that either its the good time to enter the market or not, Same goes for profit booking as well. As the value if exceed 70 or 80 then the coin is bullish and we should avoid to take entry in it.

[Primo1760]

It's nice to be back here, fellas~ So I'll be sharing my trading ideas and knowledge here!

In trading, technical analysis is what we need ( for me). ) if there's news you can trade, all you need to do is look for the key levels that will be your buy / sell zone.

So basically I'm a ICT trader and here's what I want to share with you guys~

All you need is the Higher Time Frame PDA, which you can look for FVG's or Order Block ( OB )
After analyzing the HTF, you can use the LTF to see if you see some structure that confirms your bias, or if all you need to do is learn and study your entry model.
Then, if it confirms, then you better know where your SL and TP will be. It is better to put SL to minimize your risk or control the risk you want and TP to maximize your profits.


If you like more in depth details with chart, I'm going to post more in this thread!

Let me know, fellas~~~

Not all traders can do technical analysis and I am one of them. I am trading without technical analysis in my trading but I can get good success there if I say I don't need much technical analysis. There are some traders who can do technical analysis and take profit from it. The difference between technical analysis and man made analysis is not much but profit from trading is the most important. But technical analysis is important for every trader.

[TopT3ns]

     -     I believe that analysis helps a lot when we do trading activities because, through it, our imagination works out where the price of a coin we hold will go.

and because of the tool indicators that we also use, we can create an analysis so that we can confirm that this is where the price of the coins that we hold will be directed.

Yes, you are right, but not all analyzes circulating are in accordance with what has been planned, because cryptocurrency price movements are very vulnerable to bad news that can bring down cryptocurrency prices quickly, so even if you already have an analysis that is almost accurate, pray that there is no bad news that could attack crypto price movements, especially bitcoin prices.

[DragonF]

Technical analysis is indeed important for a trader. It's nice to have more analyst here in the forum so that we can share our thoughts and ideas on how to excute the trades we have in mind. The more insights the better the knowledge we have. Ofcourse we need to filter those ideas who fit in our trading strategy. I'm waiting for your TA post soon.

To excel in trading, you must embrace technical analysis. This will tell you the best time to trade and when not to trade. This can also tell you the best trading strategy for a particular time frame. Most traders rely on analysts to guide them in their trading in a bid to make a profit.

[kulkhan]

Some people think trading is very easy matter. But it is not too easy. Without proper knowledge and proper analysis no one can profit from trading. So before trading we need knowledge about Analysis like, Market analysis, fundamental annalists,Technical analysis etc. For Technical analysis we can learn about trading activity, such as price movement and volume. So i think every traders need to learn about Technical analysis.
 

[Crypto Library]

I think no one can be a professional trader without technical analysis, if someone wants to do day trading based on news only, then maybe he can profit in some cases, but I don't think it is the ideal way, there is more possibility of loss here. So I think technical analysis is very important for those who do day trading or short-term trading. However, I myself do not have much knowledge about technical analysis, and for that reason I had to adopt long-term strategy by following DCA method.

[GxSTxV]

If you are talking about trading in general, I agree with you that technical analysis is important for everyone who wants to join trading, without it, for me I consider a trader without this basic knowledge as a gambler. However, this basic knowledge or technique is not enough to be a successful trader, to say i what you need, I also agree, but it’s not everything or all what you need.
Nowadays, we have various markets to trade, most of them Forex and crypto, if we take for instance Forex, we can apply technical analysis on every pair to generate money or at least have successful trades. But when it comes to crypto market, we can see a whole different thing and rules, most of the time technical analysis are only for very short term trades or historical levels, support and resistance points sometimes are helpful for traders.

I won’t say this topic isn’t beneficial, personally, I can’t trust anyone’s analysis based on Technical analysis only since fundamental and money management are way more important.

[Rruchi man]

In trading, technical analysis is what we need ( for me). ) if there's news you can trade, all you need to do is look for the key levels that will be your buy / sell zone.

It is always easy to share our opinions on things like trading, but it remains true that not all our opinions are valid and true. To really be successful in trading, a good knowledge and awareness of fundamental analysis is necessary and as important of your understanding of the technical side. One is not more important than the other as some traders like to think, they both have the same level of importance to a trader.

[Mr. Magkaisa]

          -     For me, technical analysis helps a lot; it is the main tool of an individual trader. I have not seen any traders who do not use technical analysis. A trader who says that technical analysis is not important is a liar.

Because how can we determine if we do not perform an analysis through technical means? This is just a common-sense answer, to be honest. We cannot get an idea without this technical analysis. You are not a trader if you do not use technical analysis.

[MrSpasybo]

If you are talking about trading in general, I agree with you that technical analysis is important for everyone who wants to join trading, without it, for me I consider a trader without this basic knowledge as a gambler. However, this basic knowledge or technique is not enough to be a successful trader, to say i what you need, I also agree, but it’s not everything or all what you need.
Nowadays, we have various markets to trade, most of them Forex and crypto, if we take for instance Forex, we can apply technical analysis on every pair to generate money or at least have successful trades. But when it comes to crypto market, we can see a whole different thing and rules, most of the time technical analysis are only for very short term trades or historical levels, support and resistance points sometimes are helpful for traders.

I won’t say this topic isn’t beneficial, personally, I can’t trust anyone’s analysis based on Technical analysis only since fundamental and money management are way more important.

Technical analysis has been an important part of the market and has brought profits to many traders for hundreds of years. However, technical analysis also has its own limitations, each trading suggestion includes both opportunities and risks, traders need to set stop-loss to protect capital.

Fundamental analysis is also important and is effectively applied for long-term investment. With crypto, we have added on-chain analysis with a lot of data related to the number of whale addresses, the behavior of whales, the large flows of money in and out of CEX... I think traders will have more informed and effective trading decisions when they can combine these methods together because they all study the same market from different aspects.

[Litzki1990]

Technical analysis is very important in understanding the market. Basically, through technical analysis, you can get an idea of what the next movement of the market might be. If you don't have technical analysis, you have to trade with no idea of the market movement or how the market may go next. Those who are professional traders mainly give a lot of importance to technical analysis. The more proficient you are in technical analysis, the easier the market will seem to you. If you take a trade without knowing what the next movement of the market might be or what level the market might reach next, you will never know when you should buy your coins and when you should sell your coins. So technical analysis is very important.

[examplens]

Technical analysis has been an important part of the market and has brought profits to many traders for hundreds of years. However, technical analysis also has its own limitations, each trading suggestion includes both opportunities and risks, traders need to set stop-loss to protect capital.

Technical analyses are good, but are they enough to trust random people from the internet? I have always been sceptical when I see some self-proclaimed "successful" trader trying to charge extra for his TA. If you're good enough, you don't need this kind of extra income, plus you're spending valuable time interpreting your TA

For the OP, if he is interested, I would like to see the TA and later the analysis of the TA itself.

[Aanuoluwatofunmi]

If we are going to consider the way of trading, we need more of the technical aspect than the theoretical, because this has to do with the chart in proper, how we can read such, identify the trends on market performance, know the functions of all the indicators and properly understand the time to buy and sell when reading for the market price, we will need to experience all these and make a rightful application of their use on our trades.