Quote from: Emitdama on Today at 09:45:14 PM

Quote from: trickys on October 19, 2021, 03:41:51 AM

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

TA is not something that you should be doing something with exact precision profit making. Thats not going to end up with a lot of profit if you just focus on that, sure there is a chance that you may, but that is not always the case and if you get ready for profiting each time then you are going to make a loss.

Just use it like a tool, and consider TA as something that "helps" you but not the main thing, if you could do that then you will be fine. Add in a lot of stuff, like community size, project creators involvement, decentralization if possible, the road map and many other things basically and if you could still get a nice thing then TA on top of that would be fine.

Exact precision is something that it isnt possible with technical analysis but somehow you could really have chance or higher probability compared into those people who arent using any indicators or tools at all when doing trading.Of course most traders on here do rely with technicals because this is something very normal and you cant just rely
on news or events because it doesnt happen all the times which simply means that you would be needing to take some step for you to move forward.
You wouldnt able to sustain this market if you dont have this kind of tool or system of trading.