Topic: Do you believe Technical Analysis? - page 5. (Read 1355 times)

Having a technical knowledge would really be always having that edge compared into those people who do have zero knowledge about these tools and come to think that this is really that main thing that you should really be knowing or needed up to learn for you to sustain or survive this market or else then you are just doing simply gambling because having those positioning without any basis which is it really just like gambling and this shouldnt really be your approach towards your trading sessions. Although we could really tell that there's no such thing about precision of those  indicators but doesnt mean that it is really non relevant on trading field.
They arent been created for nothing or having no use or something that could help out a particular trader.

Its always been important that you do have technical knowledge because hovering yourself into this market without sufficient knowledge and skills would really be just leading into bad experience and loss of money.
Who do really likes on losing money? None right but in stepping into this field then losing is inevitable but the importance on having this learning or skills is that you could really be having that edge compared into those people who dont have the idea on what they are doing within the market. You would be needing to survive and some are really just that lazy and this is why they do decided that they would rather be
following someone with those trading signals even if it would means that they would really be needing to pay up some bucks for that which is really that sad.

Having in-depth TA knowledge would allow people to have some sort of return that would make sense, it should be important to be a lot more careful about what they do, and that could be important to what you do. Doesn't mean that it will guarantee an income that should make you return as much as possible.


This means that you are going to have a tool that would allow you to get a greater return when you possibly could, and should be something that could return with a profit if you are careful about it, but that doesn't mean that you are going to end up with a result that should be simple, it is going to be something that will take a while. So always end up with a return that would make it smart to enjoy, and not a lot of people will be using them so you will have an edge over those people.

There is no amount of Technical analysis that will work if the manipulators are the regulators as well. It's the outside factors that indicators can't see that surprise traders with sudden movement of prices.

It's only the halving that guarantees the rise of volume and price of BTC. But even this somehow they are already making some manipulation from the outside like the community who wants bigger block size and the opposite side. And then trying to turn BTC into POS.

Technical analysis works as long as the manipulator allows it to do so. The manipulator has experts in technical analysis at his disposal, so he is always one step ahead. Therefore, you cannot blindly trust technical analysis. You need to be guided by other tools and also trust your intuition

Totally crucial or much needed right?

Hovering yourself towards  this market would really be needing up that kind of tool or indicators because if you do make out positions or entries/exits then it would really be recommendable on making use of these things because if not then you are just simply doing gambling in the first place. You would really be finding its relevance or importance on the time that you would really be that facing up this unpredictable market
on which it is really just that something that you would really be needing to study or able to get such idea on making use of these things.

You wont really be having any path to take but rather neither be learning up FA+TA which both things would really be that so relevant in speaking about predicting prices. You cant really just
point out and make out decisions basing up with your intuition. Yes, is true that there's only two path that you could take but we know that it isnt something that ideal that you
wont really be minding about making analysis on every move you do make.

Technical Analysis is very important for all trader because it predict entry price and zone price is likely to reverse, infact it give a lot of overall view of the market in term of price situation or condition if trending, consolidating and reversal all these are very important aspect of Technical Analysis, however fundamental Analysis drives the market it's causes the price to move with volatility which is very important for traders to take profit quickly therefore I am of the opinion that a trader who rely solely on Technical Analysis should also pay attention to fundamental news that can make or mar the price movement.

The disadvantage of technical analysis is that in many situations there are several possible developments of events, but if you study the trading pair well, then in certain situations you can understand where the price should move and TA and in this case can become an assistant for you in making a decision on a transaction.

Technical analysis is just one of the trader's tools that will work if you know how to use it properly. Because it is important to be able to correctly interpret what we see on the chart, sometimes it is easier for us to see the whole picture, on past charts, moments that we missed in real time, this suggests that our knowledge is not enough for high-quality technical analysis and we need to learn, to understand it better.

Yes, the prophecies of those who can master everything come true. But not all of them are predictions. A few of the many predictions happen. Because I have seen many big and professional traders lose their wealth.

What do you mean, technical analysis is not necessary for a trader? Then I disagree with you. Because if someone really wants to be a professional trader, the importance of technical analysis is immense.

Using technical analysis is one of the ways to trade and understand the market. If we trade without using a technical analysis, how do we intend to understand the market and trade in a pattern that is going to reward us with profits. We can't always depend on fundamentals to enter the market and make trades. We have two major analysis we can use to trade the market which entails technical and fundamental analysis to trade and understand the market. We always use the technical analysis to enter the market if we don't trade based on the news

at least it's better than nothing. some of the technical analyzes that I got from my friends or even telegram channels are not bad even though they cannot guarantee 100% accuracy. but it at least helps me be more confident in deciding to buy what to sell. Basically technical analysis is good, at least I think the accuracy is up to 80% if Bitcoin is stable.

Some market analysis does make predictions that turn out to be true but if we are to talk about overall market prediction accuracy then no one can make 100% accurate predictions.
This is the main reason why some people say crypto trading is gambling.

Not really. I understand that people who make trading work for them is because similar to poker, it helps them make the right decisions most of the time, which outweigh the losses with profits when the analysis fails. But seeing that very few traders are profitable in the long term, I am far from believing that it is available to everyone, as many trading courses and influencers try to sell.


You are wrong. Those who master it can make correct predictions a majority of the time.


Here I think you contradict yourself, lol.

I believe that TA is something that would help you try to predict but more like speculate as well. Predict is something that you try to do in order to know what it would happen, but I would guess that it is going to be more speculation, which would be just guessing and all. I know that it is going to be something that would be helpful one way or another that we could end up with a good result.

I think the best case would be just doing your TA and you could do something that will be profitable for you for the long term. I get that it is going to result with you doing a good job for one or the other. It should be quite important.

In fact no one can make predictions that actually turn out to be true. But yes, knowledge of past markets is essential if one wants to trade in the market. You can analyze from the past, what was the condition of the market then. Which gives you a good or bad sense of where Bitcoin is right now. On the other hand, technical analysis is very important. But it is never good to think yourself too wise.

One thing that is for sure is that technical analysis for history. Like we know what happens with bitcoin during halving, that is after halving and that is bull season. That is what reflects in charts which forms the technical analysis. So if you check charts of last bitcoin halving you are most likely going to see more of bull candlesticks and that is what will be represented as what will happen again after halving, that is how the price is analysed. Technical analysis is important for traders to monitor the market but it requires patience and the longer time frame the better for the chance of a winning trade. Using smaller time frame may not give a better result except for scalping but a day trader or swing trader prefers a longer time chart analysis.

There are no accurate predictions, a prediction is a possibility that we believe in after doing some analysis of what will happen in the future, of course it is still a question mark which means nothing is certain, but regarding technical analysis I think it has quite a big influence or is often used in predicting what will happen. will happen in the future.
I really believe in technical analysis even though that is not the only indicator that we use, but so far there is a lot of evidence that analyzing Bitcoin is very influential from what happened in the past.

To increase the accuracy of analysis in trading, we must carry out more than just technical analysis. But this technical analysis must also be supported by stronger analysis such as fundamental analysis. So that adjustments between the two analyzes will be able to create price movement predictions with a higher level of accuracy. In fact, usually with just fundamental analysis we can see where the price is going. Now, with technical analysis, we can see the movement in more detail. Because we will know the support and resistance points which are always important in confirming whether there will be a continued increase or failure to increase and experiencing a decline again. So technical analysis alone is not enough. Because it must also be accompanied by fundamental analysis.

Technical analysis is a very deep discipline, and while many traders concentrate on a single time frame, the truth is that if you use different time frames for the same market then you will be able to see more clearly where the market is headed and take a better decision, this will help you avoid unnecessary trades, reduce the fees you have to pay and reduce the number of taxable events as well.

But very few people take the time to actually master technical analysis, which is why some people think it is completely ineffective, when it is their skill level that is simply too low to use it effectively.

The fact that the market is generally unpredictable causes some doubt in such predictions. I don't think technical analysis alone can make a good guess prediction accurate.  Because technical analysis is not enough to make profit in some cases.  We are now in a bear market so the market direction and price changes with the flow. There are different chart strategies used by investors and traders.  I think technical analysis is very necessary for trading.  Market movement cannot be determined without technical analysis.

In my trading journey, have been seeing things on the chart repeats its self, so past charts actually do help you to have that 100% confluence that the trade you are about to embark will definitely play out fine so past actually gives you that assurance to correct any mistakes you have been making and also help you not to have doubts.