DOES TA WORK ON CRYPTO MARKET

in #crytocurrency6 years ago

in my thought , TA isn't that reliable in any market. If it were, you could pretty easily make software that does TA automatically for every equity and it would pretty much just print money for you all day long making trades based on TA.

TA is a PART of your analysis. Just like playing poker, you make your decisions based on several factors, the other players, the pot, the cards showing, etc. Same with investing. TA is a part of your decision process. It should never be what you base all your decisions on.

As far as crypto, I believe TA in crypto is less effective, simply because the markets are different, they are newer with less historical data and the people involved are not traditional traders, so they behave different.
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