Hello to everybody,
I have question about chart analysis. Are there any differences betwen chart analysis in traditional stock exchange and crypto exchange? Considering that the crypto exchange is much more emotional in decision making? Can we use exactly the same analysis techniques or do we have to adjust them to our crypto reality? If yes, please give me some tips what I have to change that the analysis would be more accurate.
I can say that having technical or chart analysis do somehow works on crpyto trading but not all the times since volatility is really high which isnt really compared or the same on stocks or forex trading.This is why i do say it is somehow hard to trade up on this cryptoworld but still manageable if you do already got the techniques or ideas.
In concur. A buddy of mine is doing a lot of stock trading and has also dabbled in forex and crypto a bit, and according to him it's very different. The basic rules still apply, but much less reliably. Nonetheless I guess it's mostly a matter of experience, so if you know your technicals and watch the crypto markets a bit you should be able to take your own lessons on which techniques work and which don't.