Post
Topic
Board Altcoin Discussion
Re: Trading by technical analysis or just intuition?
by
zeaderza
on 21/03/2018, 07:02:10 UTC
Who trades based on intuition? At-least I know of no such person. If this is your strategy you will get rekt sooner than you know. Learn TA, atleast basic TA so that you know what support resistance etc is. Either you go long term with projects that have solid fundamentals or you depend of TA for trading, no such thing as intuition will make you money in crypto of anywhere else.
Maybe you are right, the market is different from that in 2017 when almost all the coins will give you a multiple return and during which you can even make a lot money just based on your intuition. Now, I would prefer some long term investment on solid projects, short term trading isn't good for me!
Indeed. I can agree that technical analysis and research before making short term traders or long term investments is very necessary in the current crypto market. As it is being said currently that 90% of the altcoins will fail and crash, its of utter importance that one invests with research and invests in a project or coin that has some real utility and application in the real world.

There are coins like NEO and XRP that solve real world problems and are working to connect the outside world with blockchain technology. And yes, in current market its better to invest in potential coins for long term.