Quote from: equator on May 16, 2017, 02:50:02 PM

Quote from: dossantosleite on May 16, 2017, 02:22:44 PM

Quote from: carlfebz2 on May 16, 2017, 02:18:53 PM

Quote from: mobnepal on May 16, 2017, 10:19:19 AM

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?

Their is no charts for any trading of altcoins, first you have to read the details about the altcoin projects and its propectus and what is their goal to create this coin, and then how the developers are working on this project. because in the starting they can show you big roadmap but when it comes to reality they will fail and then the coin will soon get dumped and developer just run away.

No charts? Every exchange provides basic charts, and this site https://www.tradingview.com/ lets you create your own chart for most of the altcoins.

The site also provides charts from other people, and their thoughts. I wouldn't necessarily take their advice, but you can very much learn from it. This one for example, https://www.tradingview.com/chart/STRBTC/Ei6WtiOD-Stellar-Where-Have-We-Seen-This-Before/

And yes, i do think there is a technical aspect to altcoin trading, but it is pretty limited.

When looking at the volumes, comparing that to previous volumes and movements for example, to see if sell walls can be breached etcetera.

There's some good examples to see breakout points right here, http://imgur.com/a/EHuks

Ofcourse are these no longer relevant, but it is still a good example of how it could look like.