Post
Topic
Board Speculation (Altcoins)
Re: Does technical analysis work with crypto?
by
iconoclast
on 30/11/2018, 02:22:39 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?
Technical analysis is not foolproof for analysing other forms of investment either. It can often be made redundant by real world events. What it does give you is a slightly better than coin flip insight into which direction the market is likely to head. You still need to know how to trade to exploit it when you are right and limit your losses when you are wrong.