Do you believe Technical Analysis? - page 3.

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Quote from: bayu7adi on November 15, 2023, 06:03:18 AM

Not anymore. I'm more focused on fundamentals now, and technical analysis is just for entertainment without influencing my decisions. Long-term suits me better at the moment, as I prefer not to be too active in front of candlesticks. The longer time frame isn't an issue for me as it's heavily influenced by fundamental aspects.
-cut-

Sadly fundamentals in crypto are way too complex for most people to grasp, so anything can get hype behind them for reasons like speed. No matter how centralized the coins or tokens are.

Quote from: bayu7adi on November 15, 2023, 06:03:18 AM

Quote from: Eternad on November 12, 2023, 11:26:43 AM

Technical analysis is both good on long term and short term trade since you can use the time frame to adjust the goal of your analysis. Longer time frame means you are aiming for long term price result and vice versa.

It doesn't guarantee anything, as surprises can come anytime.

It's based on probability so by definition it's not a guarantee. One can argue if probability follows artificial things like market data in any way, and i think that's a way more solid argument against techical analysis.

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Quote from: barisbilgili on November 16, 2023, 02:25:19 PM

Quote from: kojektea on November 15, 2023, 10:44:42 PM

I believe, if not with technical analysis, how else can we determine the direction to buy or sell. at least it helps compared to having to just guess. As far as usage goes, I get premium signals with technical analysis, they are quite accurate, although not 100%, but for me that is enough proof that this is quite accurate and profitable.

You are right, without technical analysis of course we would have made the decision to buy or sell only based on the feelings we have and it would be very unlikely that we would be able to get the profits that we would get, if by using technical analysis we would not be able to get our profits. It is still possible to improve the analysis that we use to be able to gain from the trading that we do.

And it is also because trading is not just guessing what to do next, there should be some basis for our decisions otherwise, we make our trade into a 50/50 result. That is why it was been encouraged for traders not just to live confident of knowing the basics but also to enhance their level of trading knowledge and skill just to meet the satisfying way of trading and make positive results.
Perhaps, there are a lot of trading tools that we need to know, we have to learn them, especially TA.

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Quote from: poodle63 on November 15, 2023, 07:47:18 PM

Quote from: bayu7adi on November 15, 2023, 06:03:18 AM

Not anymore. I'm more focused on fundamentals now, and technical analysis is just for entertainment without influencing my decisions. Long-term suits me better at the moment, as I prefer not to be too active in front of candlesticks. The longer time frame isn't an issue for me as it's heavily influenced by fundamental aspects.

I still come across some technical analysis results on social media, but I don't pay much attention to it and see it more as entertainment.

A day trader will always keep an eye on candlesticks, and technical analysis is their daily bread. Use it if it's still profitable. There's nothing wrong with technical analysis; it's just a matter of whether or not you use it as a consideration for your investments or trades.

Quote from: Eternad on November 12, 2023, 11:26:43 AM

Technical analysis is both good on long term and short term trade since you can use the time frame to adjust the goal of your analysis. Longer time frame means you are aiming for long term price result and vice versa.

It doesn't guarantee anything, as surprises can come anytime.

this is fitting answer, whether technical analysis still relevant it depends on the type of trading that we're doing, if its long term, fundamental is more relevant, but if its short term, there's no way to determine whats gonna be turning out in the future without technical analysis, maybe with news we can have some premonition but technical analysis is required just to be sure.
after all, we can't just go around throwing our money at the most random time and at random altcoin hoping that some of them would turn out to be good but we know the rate of success for such a thing is really low like 1 out of 10 throwing money into random altcoin it become success the rest 9 would just vanish into thin air.
thats why its sometime not because we faithfully believe in the accuracy of technical analysis when short term trading but more of there's really no other way to determine other than using TA.

TA isnt relevant on short trading? I dont think so or rather the opposite. Doesnt matter whether you are going for long term or short term on which these indicators would really be that remaining to be that relevant.
You could really be able to at least picture out on where prices could eventually go.Somewhat you do got some points on telling that in short term then you should really be that too mindful about into those
indicators been showing.Some could be able to have a good grasps or understanding about it and some arent really that able to handle it out. It would really be that depending or basing up into your own
approach on how we would really be dealing up with this unpredictable market. We cant really just that make ourselves that effective most of the time.

You would really be seeing the importance of TA once you do step your foot into this market. It is a primary tool or indicator on which you would be using on reading up some charts.
Its not really that enough for you to just simply stare those candle sticks without having that proper assessment on how to draw those lines. Naked trading? if you are experienced
then its a yes but if you are complete newbie then you are just simply doing gambling.

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Quote from: kojektea on November 15, 2023, 10:44:42 PM

I believe, if not with technical analysis, how else can we determine the direction to buy or sell. at least it helps compared to having to just guess. As far as usage goes, I get premium signals with technical analysis, they are quite accurate, although not 100%, but for me that is enough proof that this is quite accurate and profitable.

You are right, without technical analysis of course we would have made the decision to buy or sell only based on the feelings we have and it would be very unlikely that we would be able to get the profits that we would get, if by using technical analysis we would not be able to get our profits. It is still possible to improve the analysis that we use to be able to gain from the trading that we do.

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I believe, if not with technical analysis, how else can we determine the direction to buy or sell. at least it helps compared to having to just guess. As far as usage goes, I get premium signals with technical analysis, they are quite accurate, although not 100%, but for me that is enough proof that this is quite accurate and profitable.

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in some of my trades this is quite accurate. It's just that even though we use technical analysis, we also have to believe in that analysis. for example, if we use a 4 hour time frame, at least it is for trading within a day and cannot be used for fast trading. If the turn is 1%, we immediately stop loss, maybe this is why we don't believe in technicals.

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I believe. but I'm sure it also won't be 100% accurate under any circumstances. this is why people say this trading is a risky trade. Even technical analysis experts cannot guarantee that their predictions are 100% accurate. but if we really believe there's no harm in trying. The choice is in your hands.

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Quote from: bayu7adi on November 15, 2023, 06:03:18 AM

Not anymore. I'm more focused on fundamentals now, and technical analysis is just for entertainment without influencing my decisions. Long-term suits me better at the moment, as I prefer not to be too active in front of candlesticks. The longer time frame isn't an issue for me as it's heavily influenced by fundamental aspects.

I still come across some technical analysis results on social media, but I don't pay much attention to it and see it more as entertainment.

A day trader will always keep an eye on candlesticks, and technical analysis is their daily bread. Use it if it's still profitable. There's nothing wrong with technical analysis; it's just a matter of whether or not you use it as a consideration for your investments or trades.

Quote from: Eternad on November 12, 2023, 11:26:43 AM

Technical analysis is both good on long term and short term trade since you can use the time frame to adjust the goal of your analysis. Longer time frame means you are aiming for long term price result and vice versa.

It doesn't guarantee anything, as surprises can come anytime.

this is fitting answer, whether technical analysis still relevant it depends on the type of trading that we're doing, if its long term, fundamental is more relevant, but if its short term, there's no way to determine whats gonna be turning out in the future without technical analysis, maybe with news we can have some premonition but technical analysis is required just to be sure.
after all, we can't just go around throwing our money at the most random time and at random altcoin hoping that some of them would turn out to be good but we know the rate of success for such a thing is really low like 1 out of 10 throwing money into random altcoin it become success the rest 9 would just vanish into thin air.
thats why its sometime not because we faithfully believe in the accuracy of technical analysis when short term trading but more of there's really no other way to determine other than using TA.

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Quote from: Fivestar4everMVP on November 14, 2023, 09:38:51 AM

Well, like i believe ive said in one of my comments on another board, Bitcoin and cryptocurrency prices in general, are not predictable, or easy to predict, but then, i personally still believe in technical analysis, even though they do not act as a guarantee to correctly predicting the price of a crypto coin, be it a bitcoin or altcoin, the use of it still gives those who know how to effectively and efficiently use it an edge, or a chance at arriving at something that could be close to the price of the coin at the period being research on.

So yeah, even though like i said before, that technical analysis is not a guarantee, as a trader, it's very important to know how to use it, than not knowing it at all, knowing and using technical analysis makes trading way easier, makes it feel more serious and professional, trading without technical analysis, or other vices like news, makes trading feel very boring and more like a gambling.

Yes it is true, that in general the nature of the market is always not fully predictable, it is a basic fact that is true and in general. Therefore, there are several help factors that we can use to increase our profit opportunities, such as this discussion, namely by utilizing technical analysis or fundamentals. None other than because only this can help us to be able to achieve the target that has been determined even though basically it will not be able to be fully useful to be able to predict with 100% accuracy, but with it it will at least give us a little information about where the price will move next, and for other things we need to prepare risk management to minimize the chances of losses that can occur.

I think for anyone who doesn't know or doesn't learn about some of the things that can help them like technical analysis then it looks like they come in a hurry to be able to get big profits, or I mean it's a stupid thing they do if they come without bringing any fishing gear to be able to help get the profits like they always wanted. Because obviously if you do not know the basic things that a trader must have before engaging in trading then it is not the profit you will get but just the opposite, losses will dominate.

bayu7adi

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Not anymore. I'm more focused on fundamentals now, and technical analysis is just for entertainment without influencing my decisions. Long-term suits me better at the moment, as I prefer not to be too active in front of candlesticks. The longer time frame isn't an issue for me as it's heavily influenced by fundamental aspects.

I still come across some technical analysis results on social media, but I don't pay much attention to it and see it more as entertainment.

A day trader will always keep an eye on candlesticks, and technical analysis is their daily bread. Use it if it's still profitable. There's nothing wrong with technical analysis; it's just a matter of whether or not you use it as a consideration for your investments or trades.

Quote from: Eternad on November 12, 2023, 11:26:43 AM

Technical analysis is both good on long term and short term trade since you can use the time frame to adjust the goal of your analysis. Longer time frame means you are aiming for long term price result and vice versa.

It doesn't guarantee anything, as surprises can come anytime.

Mahanton

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Quote from: kingvirtus09 on November 14, 2023, 08:55:36 AM

Quote from: heartbit.offical on September 27, 2023, 02:41:19 AM

Everyone knows that we can learn from the past to correct mistakes.
As a result, many economists attempt to predict the future through history.

We also have a known fact from the past.
The "Bitcoin halving" is correlated with price increases.

I'd like to pose a new question here.
What are your thoughts on using past charts(candlesticks) that similar current ongoing charts(candlesticks) to make price predictions?

When asked this question to many professors and investors, a common response is, "Candlesticks reflect the psychology of investors."

What are your thoughts on this matter?

We can learn not only from wrong decisions or strategies to correct them but also from the right decisions or right strategies that we have made, of course. That means, good or bad, we have the same lesson to learn from these two.

Now, in terms of technical analysis, many people make mistakes here even after they have gone through this lesson. It is because they do not fully understand what they are studying, or they may just have a hard time getting what they are studying to convey because it is different talk when the basis is actual compared to theory.

Experience would be the best teacher indeed on which you could really be able to learn up things on both sides on which you could really be able to gain up those knowledge overtime or on the moment that you had
experienced it for yourself on which it is really just that normal that you would really be making out adjustments basing up on what you had been able to encounter. In regarding about the question whether you do believe on technical analysis then you would really be of course be finding for yourself on how relevant it would be in speaking about predicting on where prices could potentially go. There's no way that we could really be able to
tell on where prices could eventually go despite of using on different analysis which its a combination of TA+FA but it is really that still something better rather than making yourself that
making decisions without any basis.

Hovering yourself on a market without having any weapon or tools then it is really just that making yourself that look like a gambler. Diving into things
which it doesnt really give out that kind of assurance just because you have not done something relevant or something that would really be useful.

Fivestar4everMVP

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Well, like i believe ive said in one of my comments on another board, Bitcoin and cryptocurrency prices in general, are not predictable, or easy to predict, but then, i personally still believe in technical analysis, even though they do not act as a guarantee to correctly predicting the price of a crypto coin, be it a bitcoin or altcoin, the use of it still gives those who know how to effectively and efficiently use it an edge, or a chance at arriving at something that could be close to the price of the coin at the period being research on.

So yeah, even though like i said before, that technical analysis is not a guarantee, as a trader, it's very important to know how to use it, than not knowing it at all, knowing and using technical analysis makes trading way easier, makes it feel more serious and professional, trading without technical analysis, or other vices like news, makes trading feel very boring and more like a gambling.

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Quote from: heartbit.offical on September 27, 2023, 02:41:19 AM

Everyone knows that we can learn from the past to correct mistakes.
As a result, many economists attempt to predict the future through history.

We also have a known fact from the past.
The "Bitcoin halving" is correlated with price increases.

I'd like to pose a new question here.
What are your thoughts on using past charts(candlesticks) that similar current ongoing charts(candlesticks) to make price predictions?

When asked this question to many professors and investors, a common response is, "Candlesticks reflect the psychology of investors."

What are your thoughts on this matter?

We can learn not only from wrong decisions or strategies to correct them but also from the right decisions or right strategies that we have made, of course. That means, good or bad, we have the same lesson to learn from these two.

Now, in terms of technical analysis, many people make mistakes here even after they have gone through this lesson. It is because they do not fully understand what they are studying, or they may just have a hard time getting what they are studying to convey because it is different talk when the basis is actual compared to theory.

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Quote from: Eternad on November 12, 2023, 11:26:43 AM

I believe you are pertaining on fundamental analysis which focuses on news about the project that gives impact to the price in short term. Technical analysis has various usability and one of them is to determine the price behavior in long run through the use of old price data.

True but I will still put fundamental analysis above it because its the news that determine how people relate to the market positively or negatively, in regarding to Bitcoin technical analysis is better since we know Bitcoin is trustworthy but in contrast to crypto space fundamental analysis should be placed above Technical analysis based on the fact that there are too many scam projects

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Quote from: shinratensei_ on November 11, 2023, 07:27:54 PM

Quote from: bettercrypto on October 18, 2023, 09:35:19 AM

Technical analysis is helpful, although its not 100% accurate to give us profit, but it can give us an idea of the prediction that we can see in the actual chart graph of trading. And of course when we do this there is still a lot to consider.

You know that in this situation we will still use different indicators to find out what we are looking for in actual trading as a trader. So it's really important that we know this in reality if you want to learn to trade and make money from it.

technical analysis is good for short term trading where we are looking at really short time frame here, trying to make profit off the margin at market movement, but we don't really use it for long term honestly.
I think many people are thinking the same way as me, technical analysis for long term prediction is mostly inaccurate, so many things could happen, one major factor that make the prediction fails is the rumour and news along the way that will unexpectedly make prediction invalid.

at the end of the day, the market is purely depend on supply and demand, don't get too fixated into something, because it might not be the answer here.
always try to make judgement towards coins from other perspective.

The fact that each project has their unique market performance and have their own trend behavior in the trading market,
will be difficult to determine their indicators when it comes to long term prediction.
But having the knowledge of technical analyses would be an advantage in spotting some trends and may help you understand what's going on with its market.

Eternad

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Quote from: shinratensei_ on November 11, 2023, 07:27:54 PM

Quote from: bettercrypto on October 18, 2023, 09:35:19 AM

Technical analysis is helpful, although its not 100% accurate to give us profit, but it can give us an idea of the prediction that we can see in the actual chart graph of trading. And of course when we do this there is still a lot to consider.

You know that in this situation we will still use different indicators to find out what we are looking for in actual trading as a trader. So it's really important that we know this in reality if you want to learn to trade and make money from it.

technical analysis is good for short term trading where we are looking at really short time frame here, trying to make profit off the margin at market movement, but we don't really use it for long term honestly.
I think many people are thinking the same way as me, technical analysis for long term prediction is mostly inaccurate, so many things could happen, one major factor that make the prediction fails is the rumour and news along the way that will unexpectedly make prediction invalid.

at the end of the day, the market is purely depend on supply and demand, don't get too fixated into something, because it might not be the answer here.
always try to make judgement towards coins from other perspective.

Technical analysis is both good on long term and short term trade since you can use the time frame to adjust the goal of your analysis. Longer time frame means you are aiming for long term price result and vice versa.

I believe you are pertaining on fundamental analysis which focuses on news about the project that gives impact to the price in short term. Technical analysis has various usability and one of them is to determine the price behavior in long run through the use of old price data.

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Quote from: Biznesmen on November 11, 2023, 04:31:02 PM

Why do we study history to learn what our ancestors were doing and what mistakes and good things they did? Then learn it, trying not to repeat the mistake they made, and improve our present. Because we know history repeats itself, we should be aware of our past to avoid repeating the same mistakes. The same goes for traders. When we analyze the market, we can be aware of past incidents. When it feels like repeating, we can avoid the mistake and the losses as well. So in my opinion, studying the market through charts is important, as is technological analysis as well. The trend of the market is repeating from the past, and over the years we have witnessed It shows the psychology of investors, and it reflects that nowadays too.

We look at the record of the past, because we anticipate that it may happen again in the future, but that does not mean that the past repeats itself, something new can happen. It is possible that what happened in the past may not happen in the future. Just as when Bitcoin was trading between $28k and $29k many analysts and experts were expecting Bitcoin to fall to $20,000,but instead of falling to $20k, Bitcoin crossed $35k.

You are right that chart reading is important but this is a crypto currency market anything can happen. We should not only rely on the past or charts, but prepare ourselves for all kinds of situations. News also has a huge impact on the crypto currency market here and often good news plays a major role in pumping up the crypto currency market and bad news does not spare the market.

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Quote from: bettercrypto on October 18, 2023, 09:35:19 AM

Technical analysis is helpful, although its not 100% accurate to give us profit, but it can give us an idea of the prediction that we can see in the actual chart graph of trading. And of course when we do this there is still a lot to consider.

You know that in this situation we will still use different indicators to find out what we are looking for in actual trading as a trader. So it's really important that we know this in reality if you want to learn to trade and make money from it.

technical analysis is good for short term trading where we are looking at really short time frame here, trying to make profit off the margin at market movement, but we don't really use it for long term honestly.
I think many people are thinking the same way as me, technical analysis for long term prediction is mostly inaccurate, so many things could happen, one major factor that make the prediction fails is the rumour and news along the way that will unexpectedly make prediction invalid.

at the end of the day, the market is purely depend on supply and demand, don't get too fixated into something, because it might not be the answer here.
always try to make judgement towards coins from other perspective.

gunhell16

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Quote from: noorman0 on September 27, 2023, 03:58:30 AM

Quote from: heartbit.offical on September 27, 2023, 02:41:19 AM

-snip-
What are your thoughts on using past charts(candlesticks) that similar current ongoing charts(candlesticks) to make price predictions?

There is no prediction that is 100% accurate, so the results of technical analysis will be subjective depending on how traders interpret price history which they then process into an entry signal. Actually, it is not a matter of trust but of possibility, in fact traders are very flexible to change the type of analysis used if it is not profitable enough.

Until now, technical analysis has been used by all traders who make money in the crypto business, even when no one can give 100% accuracy that their prediction is correct, because if there is 100% accuracy, then everyone traders have become rich in this industry.

That's why we are predictors and not fortune tellers, because we have many tools that are used to determine the direction we think the price will go. It seems that in our technical analysis that we do, we always have two buying directions, either up or down.

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Quote from: heartbit.offical on September 27, 2023, 02:41:19 AM

Everyone knows that we can learn from the past to correct mistakes.
As a result, many economists attempt to predict the future through history.

We also have a known fact from the past.
The "Bitcoin halving" is correlated with price increases.

I'd like to pose a new question here.
What are your thoughts on using past charts(candlesticks) that similar current ongoing charts(candlesticks) to make price predictions?

When asked this question to many professors and investors, a common response is, "Candlesticks reflect the psychology of investors."

What are your thoughts on this matter?

I'm curious, have you ever learned a little about trading? If you have, you will know how effective technical analysis is in the trading activities that are being carried out. However, it is important to remember that technical analysis alone will not be enough to help a trader get the right decisions in it trading activities, fundamental analysis also helps support the accuracy of technical analysis. Don't just learn one strategy in trading, if you don't want to continually update your knowledge in trading then it will be difficult for you to make the right decisions in trading.

Topic: Do you believe Technical Analysis? - page 3. (Read 1341 times)