Post
Topic
Board Trading Discussion
Re: Is technical analysis useful?
by
coinsontheroad
on 17/05/2018, 13:49:56 UTC
I do not believe in this.
The reliability of the information obtained by technical analysis in the crypto-currency market could be wrong. Cryptocurrency market is very unstable price movements.
Everything can change even in minutes All can change.
Fixed prices because users who make a sale or purchase will affect the price in the Cryptocurrency Market.
The existence of technical analysis of Crypto money is not very effective.

I would disagree in my experience using TA on crypto. With the exception of BTC (sometimes), other coins respond to TA practices. Supports, resistances, shapes, elliot waves. They've all worked for me at one point or another.