Post
Topic
Board Trading Discussion
Re: Do you do TA on alt coins? I do it on BTC and trade market sentiment on alts.
by
batang_bitcoin
on 26/05/2024, 22:07:59 UTC
I have recently observed no matter how good your TA is, it doesn't always work on alt cos most alt price direction is impacted by BTC price.
It's been said a long time ago.  Smiley

When BTC is up all other coin move up. So why spending time on doing technical analysis on alts when doing it on BTC gives you a potential clue of most assets price direction?
While learning how to TA is good but the market isn't just too reliant on technical analysis. Look at your surroundings because you might miss a lot of things and that's another analysis comes in which is the fundamentals. Many investors and traders are forgetting about it. But whichever kind of analysis works for you, you should stick with that if you're very profitable with it. Each of us have got their own strategies and way of analyzing the market.