Re: Do You Use Technical Analysis?

Do you use technical analysis when you trade bitcoin?
If yes, what are the best strategies? Bitcoin is so volatile now.

I never want to trade without technical analysis because investing or trading on Bitcoin There are two risks involved, so if you want to trade technical analysis, you may incur losses. Especially when it comes to investing in some new coins, it is not at all possible to invest without technical analysis.

Maybe the best strategy is to find the dip and buy at that time but that will not be easy as we do not know when the dip will come. But if you can buy at a low price, that is enough as the price can increase later. Every people will have their technical analysis if that is related to analyzing the chart and it may be difficult to follow other people's analysis. So the best thing you can do is learn by yourself and do not rely on others so your skills can improve in the future.

@michellee, the best strategy is always to find the dip and it is also the hardest part either and this is why I don't like trading but it is not difficult to follow other people's analysis. Mind you, we have people that do copy trading.

You can follow other people's analysis but remember that they can make a mistake without you can prevent it if you do not make your own analysis. Doing copy trading can also work if we can get the right trader from many traders but that will need time. But when you can analyze by yourself plus get more info from other people's analysis, I am sure that will help you to determine the entry and quit from the trading. But do not forget that will also need the experience to know the right time to trade.