Quote from: player514 on April 14, 2018, 05:27:48 PM

Quote from: gaurav@zup on April 14, 2018, 04:24:05 PM

What are your thoughts on the technical indicators and their utility in such a volatile market of cryptocurrencies. ( open to discussion )

I don't at all think technical indicators help in the cryptocurrency markets. The reason you see people saying that they predicted the price at a certain time is because there are thousands, if not millions, of people making their predictions about what the price should be in the future by using charts and graphs. If there's such a high volume of people creating their predictions, there's bound to be some chance that one of the predictions actually lines up with what happens. So, what you end up with is a load of graphs and technical foreshadowing about what the price will be in the future. If you "choose the right one" you might be able to make money, but what are your chances of making money off of one out of a million predictions?

This is just my personal qualm with technical indicators. Maybe it works for others, but it hasn't worked out for me.

Okay you got my eye! This is what I think about the crypto indicators or the technical indicator itself. I mean I never trust these signals because they are just made up one and with every graph the whole future changes a lot. Many people apply different theories in the first place and end up with some random results with heir signal. There is no math embedded in it as such and thus it makes it unrealistic data and can not rely on it completely. Take example of many signals published in those telegram channels, they really suck. If you enrol into two different channel and see the predictions for same coin then they will be different one. So thats what tell us it doesnt really work.