Post
Topic
Board Trading Discussion
Re: Are altcoin price movements have some mathematical explanation?
by
dossantosleite
on 16/05/2017, 14:22:44 UTC
Crypto market is completely different than usual forex market, those technical analysis may not be completely true in case of altcoin trading like in forex but it might help you to some extend. Hypes and Fuds have much larger effect on altcoin market.
This is really correct, technical analysis wont really matter on crypto trading because its different for forex trading.There are some things on crypto that cannot be determined on any technical tools which we do commonly used on forex it might work sometimes but I strongly believe they wont really be needed at all but still a good choice as using it as a tool specially on making some trendlines but for Fibonacci and other stuffs would be useless at all,honestly speaking.

Thanks for your opinion. So if TA is useless for trading altcoins, what is useful and what to use in order to make predictions as accurate as possible ?
Also, do you do altcoin trading?