Is Bitcoin still respecting Technical Analysis?

[Lighthouze]

From January 2018 to date, Bitcoin and altcoins have been on a free fall, to the extent Technical Analysis by so called experts in the space have not been respected. Several times supports zones have been breached by the fall in BTC especially, thus making a mess of TAs. So I ask, at this rate, is it safe to still regard TAs churned out by these experts, or it's better to simply observe the market and work with Fundamentals

[jyotianand01]

I feel that technical analysis on bitcoin is failed in this free fall as all support levels are breaking and now its fall goes beyond this technical analysis and no one can predict this market behavior, where is goes from here?

[Fenix]

In cryptocurrency, virtually no technical analysis does not work. In this we have already been convinced. Including before the December increase in the price of Bitcoin and the decrease in its price at present. More than 90 percent of all predictions of cryptocurrency prices at the end of the year predicted its bullish growth, which we not only do not see, but also observe the lowest price for the whole year.

[Zed0X]

This is really a good question.

Even TA experts vary in their prediction or opinion about the market. In the past months, I have already seen some chartist saying BTC will drop to $3K while some say $2K and almost nobody believed them. So when reading TA analysis from experts, make sure you have different sources. And do not believe any prediction just because it is more popular.

[dragononcrypto]

I think BTC is respecting technical analysis to a T, whether it be RSI, MACD, MA's, descending triangles or generally market cycles.
I don't think the TA isn't being respected, I think many analysists (perma-bulls) in the space don't respect the TA!
Best example: BTC breaking $6k. The odds were 70% it would break down, in an extremely volatile manner, with a 60% probabitlity of reaching $3k (all based on a descending triangle traditional charting). If that's not perfect TA, then I don't know what is!

[ZionRTZ]

It's not that TA's are being disrespected, it's just those so called experts that you were referring to got it all wrong. Some predicted it right. Anyway,
the better option for me is to have both TA and FA in your investing and trading decisions.

[khufuking]

I don't believe that Bitcoin ever respected the technical analyze, I don't even believe there is technical analyze in Cryptocurrency market, the only thing I respect is bottom, top and the main thing which is news other than that is BS for me.

[MVT$]

It's not that TA's are being disrespected, it's just those so called experts that you were referring to got it all wrong. Some predicted it right. Anyway,
the better option for me is to have both TA and FA in your investing and trading decisions.

No doubt that many expert, , whether they are legit or pretenders, got it wrong on their TA's.
I do listen to both technical and fundamental analysts, and I agree that being knowledgeable on both is advantageous.

[Annalise]

I do not think there was ever a time Bitcoin imused to respect technical analysis.
Although I'm aware many analysts are just too good in their analysis and bitcoin respects their analysis but not 100% .

[bitkulak]

bitcoin began to pull the whole market up is my opinion, but I'm not an expert is my guess . answer to what amount can the capitalization grow until the end of 2018 ?

[Niteroy]

Any trader who has experience in trading traditional stock assets, such as gold, oil, metals, will agree that the cryptocurrency market is not subject to technical analysis and acts according to its rules. Bitcoin is highly volatile and its price is not very difficult to manipulate people with large capital, so it constantly behaves contrary to the forecasts of experts traders.

[coinlurker]

From January 2018 to date, Bitcoin and altcoins have been on a free fall, to the extent Technical Analysis by so called experts in the space have not been respected. Several times supports zones have been breached by the fall in BTC especially, thus making a mess of TAs. So I ask, at this rate, is it safe to still regard TAs churned out by these experts, or it's better to simply observe the market and work with Fundamentals

I am sure technical Analysis is there for a purpose and will repeat itself but when the market is experiencing too massive gains or loss technical analysis is negligible.

[Nate12]

If you are a professional trader of Btc, Eth, and other alts like ledu etc..you will know that technical analysis is just like betting, it can win and it can lose. But, understand cryptos volatility ensures that money is being made trading crypto.

[laughingburger]

From January 2018 to date, Bitcoin and altcoins have been on a free fall, to the extent Technical Analysis by so called experts in the space have not been respected. Several times supports zones have been breached by the fall in BTC especially, thus making a mess of TAs. So I ask, at this rate, is it safe to still regard TAs churned out by these experts, or it's better to simply observe the market and work with Fundamentals

I believe that bitcoin will still be affected by Technical Analysis but technical analysis is not a 100% foolproof strategy. When the market is taking a big drop Technical Analysis/ Fundamental Analysis will not carry much weight to it.

[altcoingamer]

Bart candle shakeouts have been brutal with the wicks on margin trading... I think it respects technical analysis still but you really have to respect where you put your stop losses, because whales are gunning for you on Bitfinex/Bitmex.