Topic: Do you believe Technical Analysis? - page 2. (Read 1355 times)

For the fact that nothing is perfect doesn't mean that we should not have our preferences, and for trading analytical concerns, my preference over and over again is technical analysis, no other analytical type can be able to contend with it. But the issue is that people expect more from it or are using it wrongly, so they expect it to deliver that signal as if it's a wizard. But it's not so, it's an analytical means which can only be predictive in nature, and of course, predictions are not prophecies, so it's those people looking for more from what it was coded to do that should have a rethink.

And I say this without apology, to know the true sentiment of the market, you need the technical analysis and make sure you follow the trend it tells you, not otherwise. But some people go for the retracement and reversal of the market rather than the trend which denotes the sentiment of the market. They will then blame the analytical style for their woes, while some use some wrong timeframes as well, especially the lower ones and expect the best from it.

I think technical analysis works perfectly well in the forex market and does not have much influence in the crypto market.
This is one of the things we need to know if we are forex traders and we have the plan to delve into cryptocurrency market. The cryptocurrency market does not depends more on fundamental analysis because the market can easily be manipulated. There are some tokens that they are easily pumped and dumped and this alone can scatter the market structure and how people had planned to tarde the market.

Not all times TAs work perfectly. But I have to agree with you that they're like almost perfect and it's helpful to the traders that are looking into it.

They will come and say that they're not working because based on them, they don't follow the procedures and they're impatient.
In trading, it's not just all about the analysis you do but also the application of it and it requires patience at most times.

It is okay to use past trend to determine how the turn out will be but don’t forget that there are still some other factors that can tamper with TA. Best most time we should try to be neutral with analysis and be more open minded.

Predictions are not always the way we expect them to be, when you predict, is just like trying to vision the like outcome of an event, but the truth is that it is not always sure, it is better to be open-minded to expect any event to occur in this situation so that we won't have high expectation that may not come to reality, I want you to understand that is not a guarantee that an event that happen in the past will repeat itself again, just don't expect much but if it happens that's fine, if it doesn't that's it. There is always expectation of every bitcoiner for bitcoin to appreciate in price as you said during the halving period, let's see what happens since the halving is near.

Technical analysis works perfectly well, it just depends on the user how he or she implements the information. Most people are not disciplined to allow most of these analyses to play out, and they will come and say it doesn't work, another thing is the time frame chosen, if you don't pick the right time frame you will be shaken out of the market at every price movement, so get disciplined and stick to your plan

We can make patterns but doesnt mean that it would really be happening precisely in the future but its not that bad for you to look and trying out to compared and assume whether it would be taking on the same step or movement just like in the past. Yes, there's no guarantee that it would be going on the same. Past events arent that a solid thing for you to rely on but as long we are seeing relevant movements or it rhymes
then we cant avoid not to think about those probabilities on which it is a normal approach.If you do see that it is something that do really helps you on your future speculations and analysis then it would
really be your choice to do so.

All of traders would definitely be coming into a point that they would really be in hesitance on trusting up technical analysis on which on the time that they do hover themselve
into the market then this is where they will really be having that kind of realizations that it is a must thing to have or make use so that you could be able to
make yourself that sustain into this unpredictable space which its never been that easy in the first place.

Indicators are telling something that is possible to happen which means whatever the trader can foresee based on what the candles did is possible to happen. Though they may still be predictions, the TAs still are the ones you can rely on along with the cycle from bear to bull market in crypto.


They say the market will do what it wants to do It must be true. It's the traders who move the prices in the market.

Market is never been predictable on the first place and it is really just that normal that you would really be needing to make use of any tools or anything that could help out at least to see on where those prices could eventually go. Yes, technical analysis might not be that 100% precise but we know that it is really that mainly been that being used by most traders. Why? It is really just that more better to make use of it
rather than on making up some trading positions without any basis or simply just because of emotions or some sort or intuition? that would really be that a joke if you are relying with those things.

Sooner or later you would really be able to find out about their usage and relevance on which it would really be just that right that you should make use of TA. Trying out to make use of news or simply FA?
There's nothing that you could be able to see from time to time in speaking about news on which it is really just that right that you do know other skills or method
on which at least you are really that able to make yourself have at least the idea on what you are doing.

Yes. Technical analysis is used to check the trend of market. There are some technical analysis tools to analysis the next price movement of market. But must keep an eye on Fundamental analysis which is based on news in the market. A big news suddenly pumps and dumps the market.

Yes I agree with that, as I said no prediction is 100% accurate.
In fact, predictions always involve uncertainty (speculation), but having experience and knowledge can help us manage risk. Although technical analysis can be powerful, market fluctuations remain a factor that is difficult to fully predict.

Well, either technical or fundamental, they are not guaranteed to be able to help us so that we can get a profit from the trading activity that we will do because ultimately even experts are not correct in their predictions on a coin. .

But at the end of the day, they still continue to use it because they believe that somehow they will still get a profit, as if it is their weapon or basis to determine where the value of bitcoin or crypto in the market may go.

People trade the market mostly with technical analysis and there is nothing we can do unless for some whales that have large quantities of different tokens in their portfolio which they can use to hype and dump the market price. If we are not a whale or shark, there is nothing we can do unless we use technical analyse to trade in the market and try to make profits from ourselves.
Trading is very profitable if we know what next will happen in the market, if not we might not make profit rather incur loses for ourselves.

It's a misconception that we can't trade the market without technical analysis, although this is the very best way to analyze the market, there are alternatives. And since there are alternatives, you can use them solely and successfully without the technical analysis. I'm very sure that many are using other options as the fundamental analysis itself is so popular, it's popular to the extent that some people started making businesses around it, and some even built software that would alert and help them trade this analytical style very well.

When I started trading, due to the irregularities and lack of consistency with the technical analysis, a lot of people might get annoyed if you mentioned the technical analysis as they lacked trust in it. Meaning that they were trading the alternative which is the news/event trading. However, over time, the term sentimental analysis joined it, just like what is happening in the crypto world right now where everybody is getting ready for the much-anticipated tradition that would cause strong bull runs simply due to halving. This is a good example of a sentimental analysis and some people might not use both technical and fundamental analysis but use only the sentimental analysis due to their trust in what people believe.

Above all, it's good to be smart in trading and have knowledge of all these analytical styles even if you would not be using them all. There is no crime in using them altogether too, just like me, I use all of them depending on the need, and with my experience, the technical analysis is the best. There is no controversy to this if you really know how to trade the market as there is nothing hidden from its sight as trading is concerned. Just try to know it very well and you are good to go.

It is too difficult and I can say that would be at a stage of impossibility that we can think that prediction would be 100% accurate. As we have also seen that 100% in some cases even but this also included some luck, just like an example as you are playing a dice game in which you assume there would be 6 sixes then it comes true then we all would sure it includes some luck in it.

Same in the case here, but the technical analysis of the people are so strong the in the trading not all but some of the traders who have studies the coins and they have even all the information about the graphs of the coins. But still the may fail at some points due to the market up and down. So I didn't fully believed in these things like following them on different occasions.

It's true that what you say is that there are no 100% accurate predictions, it's just that perhaps by predicting them we can understand a little of the developments that are occurring.

Fundamental and techinal is same in my opinion not 100% accurate but atleast give you a sign where the price is going to go.

Why some techinal is work and some dont in my opinion because the way technical analysis work it because a lot people believe in it example if golden cross indicating bullish there is 1 million people also believe there will be a pump vice versa

As far as I know, for those who trade or are active in short-term trading, of course they often use technical analysis methods, The aim is none other than just to observe the volume of crypto transactions in the market, observe crypto prices or observe crypto data in the market.

In general, technical analysis is often used to measure crypto prices, based on charts or they often use several indicators. For me, technical analysis is often used in the short term, but if you trade crypto in the long term technical analysis is not good to use.

This is very precise, with TA we can find out the level of possibility that the market will move. In TA we can also validate support resistance which can show the direction of the next trend that will be created. This is one of the uses of TA which may not be one hundred percent accurate, because price movements are also influenced by fundamentals. For example, if there is news regarding the world economy, prices will also tend to be volatile and able to change direction according to fundamental sentiment.

Technical Analysis predict the next possible direction of the price we can't trade successful without TA candlestick patterns itself reveal alot about end of a trend, continuation of price and beginning of a trend, once a trader grasp the whole idea of technical analysis it becomes easier to take a trading decision at the appropriate time, though Fundamentals do move the price hence when a positive or negative fundamental news is released, price tend to either change direction of the present trend or reverse completely, however the candlestick patterns unveil itself in tune with the present or lastest condition of the market which indicates a trading setup.