Post
Topic
Board Beginners & Help
Merits 1 from 1 user
Re: Irony
by
Lakai01
on 05/05/2019, 08:45:04 UTC
⭐ Merited by 1miau (1)
I was confused with few things like how to trust any crypto currency(Small cap Coins)? was TA enough?
TA does not work for low market cap coins with little to no trading volume and/or trading participants. This is because TA measures sentiment thus needs adequate data samples.
In my opinion TA doesnt work for crypto currencies in general. I did a lot of TA in 2017 and followed a lot of well known traders at Twitter etc. None of them (and neither me) was able to predict anything based on TA, the market was way too volatile and news driven back then.
But TA is definitly nothing for newbies, you would get rekt in no matter of time.