Topic: Do you believe Technical Analysis? - page 4. (Read 1272 times)

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.

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.

It might not work all the time but this is something better that you should really know on the time that you do make trading because we do know that making up some entries or exits without having those kind of consideration or any analysis would really be just that a pure gamble. Its true that precision would really be always in question since prices cant really be just going in line with those indicators been saying but at least on that technical side of it on which we are really that fully aware on what are the possible paths that it would be taking. Even though it is really that hard to prove out its relevance but movements do sometimes do really getting in line with those technical approach on which if people or trader do find out those kind of patterns then they would really be tending to believe and conclude that it is really that something recognizable on doing such action.

In case on that you dont really believe on TA's. Then how you would really be able to predict prices? Via that intuition or some voice into your head?
You arent doing trading but rather you are already doing gambling yet making out some positions without any analysis involved or any technicals around
then its not something that would really be ideal on doing so.

I 100% believe in Technical analysis, What can you do in the market in terms of analyzing the trend, past market price movement, and market behavior without the chart patterns, Traders and investors base their predictions on the chart and with the news event. The chart is a representative of information about investors' and traders' views, opinions, or activities in the market trending market.

We can learn from the past, yes but not in a way that we can follow the past movement of the price because it won't always be followed. There are lots of factors that can affect the price. the number one factor would be is the manipulation. Manipulators disrupts the HODLers so that they will rattle and lose. If it's about Bitcoin halving then maybe we can give an exemption to this because halving decreases the supply of the coin.

The price can always increase no matter what. Candle sticks are mainly used by the traders not investors. Yes, it affects their psychology or decisions based on what they see. There are still other things that they can add before they finally do a move.

Past graphs can be used as a reference if the graph has the same patterns and events over and over again and there is a possibility that the same events will repeat themselves.

Your answer is correct, there are many examples of this happening.

Technical analysis actually puts more emphasis on studying market movements and everything related to the market that has passed. And yes, halving events and others have become important indicators or important ingredients in technical analysis. Because market movements actually tend to repeat almost similar movements. Because market movements are also based on the habits of people in the market which do not change from time to time. And those who can fully understand the market and study the history of market movements well, they will ultimately be able to make better analysis. Both technically and fundamentally.

I do believe in it even if there's no guarantee, there are already a lot of people making a lot of money or making a living on trading with just technical analysis.
That's why there is risk management, stop losses for being able to let us minimize the risk and maximize the profits.
Since I'm into technical analysis guy I really believe in it.

honestly it sounds logical in my thinking, the market could be following technical analysis if the whales says so, after all, what prevent them from taking advantage of the technical analysis by forming exactly the same pattern and just reverse it when the pattern almost formed completely, it would baffle many and give upper hand for those whales.
therefore its also quite hard to see whether technical analysis really help or not because after all everything can be manipulated nowadays.
technical analysis supposed to tell us which direction the market will go but if there's manipulation then it all for naught.

Of course, I can't know how it really is, but I think that technical analysis is bullshit. If “technical analysis” worked, then all traders would have become rich long ago by making their forecasts based on “past charts (candlesticks)”. But as you can see, for some reason this didn't happen. I assume that this is primarily due to the fact that the future can't be predicted (based on technical analysis), because at any given time, many side events can interfere with the course of events that will change the current exchange rate of cryptocurrencies. There is a human factor in the cryptomarket, which is extremely unstable. Under the influence of the news background, any trader can buy or sell, which will cause a chain reaction, influencing the actions of other cryptomarket participants. It's impossible to predict. Because the cryptomarket, like any market, like the stock market, is a chaos of events. Try to predict this using some kind of chart, the past. This is impossible.

We have seen many predictions made about Bitcoin in the past and those predictions have been completely correct. People who do technical analysis have talked a lot about how the candlesticks in the Bitcoin market are reflected. All the chats we see in the past, however, are accurate predictions that are very similar today. I believe that people who have been associated with the Bitcoin market for a long time and know the various market strategies and analysis can predict the future. We can understand what Bitcoin will reach in the future by observing Bitcoin halving events and we believe them. Good predictions are made based on what has happened in Bitcoin history and what will happen in the future, and they are accurate. And many wise people have experimented in various ways about when the price of bitcoin will rise and the predictions are correct and I believe that the predictions of bitcoin are correct.

If  candle sticks arent really that significant then charts wont really be existing on the first place considering that these are indeed showing the behavior in between buyers and sellers on which it would really be that normal
that people or to those who do trade will really be making use of those tools or indicators on which they would be able to picture out on whats happening within the market.If it was that relevant on the first place then it wont really be something that helpful or something that useful and it wont really be existing in the first place if it wont really be showing something. TA's are really that useful if you do really know on how to make use of it
but if you dont then it wont really be something that significant. There are really that people who dont mind much on using up these things without even trying to realize on how useful this thing is.
You cant really just that barge in the market without having considerations on making use of this tool or indicator. You cant really be able to read up the market well if you dont even know on how to read up
those candlestick patterns. This is something a skill that must have or something that should be learn so that you do have the idea on how you would really be handling yourself on a volatile market. It would really
be needing this kind of approach on which its a must thing to have or known.

Candle sticks are the representation of what investors and speculators are doing in the market, they represent the actions of investors in the past and in the present from which you can possibly have a clue to what the possible future could be, just like the normal human life history is mostly like bound to repeat itself and so when ever there's a clue of a past events people most often prepare to for a similar experience as like that of the past.

Basically that's technical analysis. There are possible reoccurrences on the chart which are the reflection of what happens in real life, even investors looks at the charts and wait for movement to a particular point and they take actions hence that point becomes a point to note for investors to always look out for so they can take actions from there. In technical analysis you have to first look out for possible events on the chart, why they happened and when it could possibly happen again because this will be reasons for future decisions on what price could possibly do. Everything in the real time play out on the chart even the effects of news is usually seen on the chart with the way candle sticks will be formed so with a very good technical analysis you may not necessarily need other views as the summary of them all appears on the chart.

You do not really need know how to use all the indicators that exist, this is simply impossible, most indicators do something similar even if they are calculated differently, which is why they are classified in families like trend indicators, momentum indicators, oscillators, volatility indicators and more.

So you only need to understand a single one of the indicators on those families and you are set, the issue is to combine them in a way that can produce you profits, a difficult thing to do when the combinations of indicators are basically infinite.

It's quite right that we learn through our previous mistakes and that will make us not be victims in our trading and also during investment we instigate and calculate properly before investment, the thing is that we want to understand the basics way of the market especially bitcoin, what we need to do is to comprehend the radials of chart of bitcoin by understanding the movement of candle sticks first, most of cryptocurrency investors especially the newbies queue up to follow predictions of other people made by imagination and assumptions, it's good for we to learn and follow up our system of cryptocurrency investment.

Not everyone is able to master each of these indicators even though they can analyze them technically from charts that have been formed in the market. I am still a little overwhelmed in analyzing every indicator in the market because the potential for error is much greater than the potential for error, so this needs to be studied thoroughly through people who have really mastered it quite well. Because things like that are always difficult for anyone to get around because they are related to price movements in the market.

Price movements make us analyze, so that we can read something that will happen from the price movements that are formed. Even though it's just a prediction and of course it can be wrong or right, we need anticipatory steps. Therefore, technical analysis is needed to get around this. Technical analysis can also be done by placing available indicators, and of course we must be able to master the use of these indicators, to be successful.

My thought on this – Look at how big ships are, yet what controls them to meander through seas is a compass. That's what candle patterns do.

Look at snakes, they've very poor sight. Yet they move around and catch preys. What helps them do that is the sound waves released by preys. If preys remain still, snakes are definitely going to crawl pass them or over them without knowing they've got preys there. That's what candlesticks do. They help traders catch trade directions.

Therefore, invariably, it's a given that candlesticks/TA are very essential in trading. They're the navigation tools every trader should be looking at. I don't joke with candle formations. I wait till the very last second to see a candle forms. Anything can happen within a few seconds before candles close. So, it's advisable to wait till they close and begin to form new ones.

That is not the case at all, not even remotely relevant at all. It's obvious that it is doing well enough and shouldn't really be a big deal, I believe that we are going to see it change for the short term and we are going to end up with something that will benefit people. TA has been one of the most consistent forms of making a profit and if you believe that someone created something to control the masses that resulted with us making a profit then thats your own mistake.

I mean why would they do that, so that some of us would make some profit and be calmer about the whole world? I think it is clear that we are not going to end up with anything that would upset anyone if you follow TA very well, it should be a good way of making money for the most people.

I read a very interesting idea about technical analysis, how it was created in order to control the masses on their expectations. This may be partly true, but it cannot apply to all assets, since there are so many of them that it would be very difficult to implement. In any case, if a figure is formed on the chart, it can attract a large number of traders and in the end this will lead to a certain result, and how correct this decision will be will depend on our ability to understand TA. Sometimes you need to be able to have your own point of view so as not to blindly follow the majority.