Post
Topic
Board Trading Discussion
Re: Is technical analysis useful?
by
Kriptex
on 28/05/2018, 15:16:00 UTC
Do you believe in the reliability of information obtained by technical analysis on crypto-currency market?

If with the help of technical analysis it would be possible to obtain a guaranteed profit, then all crypto traders would be very rich. But as practice shows with the help of one type of analysis one can not make a profit. Maybe just sometime!      
               

For short term trading positions, technical analysis is always good to predict your way to move. But for long term trading positions, it's not a good idea to rely only on technical analysis. Fundamental analysis is also needed there.