Post
Topic
Board Speculation (Altcoins)
Re: Does technical analysis work with crypto?
by
berrymenalo
on 13/02/2018, 00:56:14 UTC
I've been thinking about starting to learn how to read charts and do some technical analysis for myself. The problem is I see it ridiculed on pretty much every forum and people saying it's useless for crypto.

What are your thoughts? Worthwhile?

Its not absolute but it shouldn't be discarded entirely. I use TA myself for entries and exits but I sure don't daytrade, TA just isn't everything but it isn't nothing.

^^ THIS!! ^^

Instead of technical analysis though, you might do better with dollar-cost averaging. It's a bit riskier with cryptos than with stocks because the volatility is more pronounced in cryptos, but done for long-enough, you'll do better than most assuming the market remains profitable over time and you pick the right coins to get into