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Do you guys want technical analysis of coins?

Discussion in 'CryptoCurrency' started by anil2006, May 6, 2018.

  1. anil2006

    anil2006 Power Member

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    I do technical analysis before putting my money. Why?

    Trading market is unstructured and it will be the same. So technical analysis provide structure to setup your trades. You guys may be a holder but i am not , i trade almost daily and this made me around 25% profit in last 2 weeks over my whole folio.

    Why i do not hold? I was a holder in past as newbie, peoples were screaming to hold this or that but in feb and march coins tanked and my folio was reduced to 30% , dammn ! So i quit holding and start trading, i have learned many things when it comes to TA and still learning.

    There may be peoples like me here who lost due to buying blindly and holding. Holding is not bad but only when it is Bull run , but in bear market you may loss alot by holding. Technical analysis saves you from this. While you may loss 90% without TA, you will loss only around 10-15% if you are using TA. This is what my small experience say.

    I use trading view charting tool to analyze different coins and enter - exit trade. If you guys want and BHW rules allows to post TA in this section, i will start posting as per the opportunities i find.

    Let me know guys and mods. Over to you.
     
    • Thanks Thanks x 3
  2. mindmaster

    mindmaster Jr. VIP Jr. VIP

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    Wait for a mod.

    But from what I understand there should not be a problem posting your TA.
    As long as people understand they are not bullet proof and should do their own due diligence, your posts should open some interesting discussions.
     
  3. ScribScribScrib

    ScribScribScrib Jr. VIP Jr. VIP

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    you don't select the fanciest coin and blindly mortgage your house and chickencoin into it? has science gone too far?
     
  4. anil2006

    anil2006 Power Member

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    Yes, right. TA posts always open some good discussion and debate. Lets wait for a MOD message.
     
  5. John Thor

    John Thor Registered Member

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    I'd like to learn some TA techniques. So I hope moderator will accept it..
     
  6. anil2006

    anil2006 Power Member

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    Bumping for MOD attention.
     
  7. Asif A Khan LONDON

    Asif A Khan LONDON Executive VIP

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  8. anil2006

    anil2006 Power Member

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  9. Decrypt3r

    Decrypt3r Newbie

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    I think they have no objections against it please proceed but always use a disclaimer.
     
  10. hero76

    hero76 Supreme Member

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    To day trade essentially timing is everything. You need to see when transactions peak and when they decline. Also day trading is a full time job, you cant expect to make $500 a day on auto pilot
     
  11. MrBitcoin$

    MrBitcoin$ BANNED BANNED

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    hook me up
     
  12. anil2006

    anil2006 Power Member

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  13. jasonH

    jasonH Newbie

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    Pretty tough to do accurate TA on a market as heavily manipulated as crypto... Its vital for FX, or other regulated markets... but crypto?
    The amount of pump and dump schemes i see being executed leave folks bart simpsoned every day...
    Oh yah, and the fact that 60% of volume in the crypto space is wash trading, makes accurate TA next to impossible, on any coin.
     
  14. mm34505

    mm34505 Regular Member

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    TA on Crypto come on stop it

    cant do that its 50 50 what the market will do and right now it all follows bitcoin
     
  15. jasonH

    jasonH Newbie

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    somewhat agreed... but the market follows USDT volume, not BTC.
     
  16. mm34505

    mm34505 Regular Member

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    i think BTC from what I have seen
     
  17. mazar

    mazar Regular Member

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    trading view is a good site but you need to know who is worthy of listening too ,certainly not some random that hasnt even shared their trading view profile ,check this link , you can change the url to suit most cryptos on there tradingview.com/ideas/btc/ . also look on coinmarketcap.com ,you can find alot out from there ,check the twitter profile,bitcointalk announcement if they have launched a website,previous highs and lows etc