Knowledge is important because it will save us from more problems and creates us opportunities to earn from the system with ease efforts. Though these Knowledge can not be gotten in a day or week, but with constant learning the basis of the market, everything will follow suits ans blend. Technical analysis work effectively in crypto trading and foreign market. We have only two main strategies in trading, they're fundamental and technical analysis and a trader must learn one of these strategy to ensure he or she is thoroughly grinded in the system.
Not only these two strategies, you also need to look at your trading psychology or mentality, because this will determine the final results of all the trades you make. The final decision depends on your trading mentality at that time, if you panic too much it will be a bad decision. You need a good mentality to make good decisions. and utilizing many indicators that can also be adjusted, you can choose which indicators you will always use for technical analysis. 
Topic: Does technical analysis work in crypto trading? - page 3. (Read 556 times)
For all my 5 months in trading, I'm learning only technical analysis but now everyone is talking about the concept of "Smart Money". So I think that trading is changing and speculators should stop trading based on technical analysis. Or smart money just a concept that cannot possibly work in the market,
Definitely yes, TA works and I know a lot of traders who are making big money by doing trade and analyzing the price trend. You just have to find the perfect indicators that can tell you when to buy and sell, and you’ll be good.There is no shortcut in trading, you have to analyze and smart money will not always be there. The moment you trade without any analysis, I consider it as gambling and the risk are high if you’ll do it.
but yeah, when there's nothing else to hold on when trading, these TA should be coming in handy, at least it gives the prediction that other people are also doing, and sometime the TA works out just better than just purely speculating.
though in my opinion i would never rely too much on these kind of analysis and would instead see whether there are good news or not in the market thats gonna be coming out and whether there are some rumours, after all, i prefer to depend on my own insight on whether some certain coin gonna be rising or not based on the real thing thats happening around the world.
this method also saves me from losing too much on USTC collapse as well.
is, it doesnt really give out assurance that it would be making a good price analysis. Some might be seeing this to be a complete trash or something not to be relevant but sooner or later they would really be able to see
on how good on making use these tools on trying out to make some patterns on which it do at least giving out that kind of idea on where market could possibly go.
Does TA work? You would say yes if it does give profits and no when it do ends up on being a loss. So it would really be that depend but totally learning TA would be
your best approach on which on the time that you do choose on making yourself on doing trading. You would sooner find its relevance because you cant just make trades
on having that pin pointing kind of selection whether you should buy or sell.
Don't get distracted by what people are saying OP. Technical Analysis is very useful in trading, don't give a doubt about that. Every trader has their way of trading and market discoveries. The reason why Technical analysis exists is because the majority have seen how important trading is and how it affects our decision-making. If you have heard OP that people are also interested in other things, then let it be. The important in trading is that we are comfortable with what we are doing and we believe that we can perform so well. It makes no sense to have a lot of trading strategies if we never understand them and never see good results.
The high volatility of cryptocurrencies allows traders to make good money on price fluctuations but relying solely on technical analysis in trading is a bad idea. A trader must constantly analyze the market through his own knowledge. By studying past market data its potential price movements are not accurately predicted. Technical analysis does not attempt to determine the true value of an asset. Trading is difficult if you don't have proper knowledge about your trade.
For all my 5 months in trading, I'm learning only technical analysis but now everyone is talking about the concept of "Smart Money". So I think that trading is changing and speculators should stop trading based on technical analysis. Or smart money just a concept that cannot possibly work in the market,
I will always go with Technical Analysis. You will see it, most professional traders and profitable are technical people, those traders who are technical are smart enough to analyze charts and price actions.We can't say the smart money is just a concept, for sure it also works but we should just not disregard the technical analysis.
For all my 5 months in trading, I'm learning only technical analysis but now everyone is talking about the concept of "Smart Money". So I think that trading is changing and speculators should stop trading based on technical analysis. Or smart money just a concept that cannot possibly work in the market,
Definitely yes, TA works and I know a lot of traders who are making big money by doing trade and analyzing the price trend. You just have to find the perfect indicators that can tell you when to buy and sell, and you’ll be good.There is no shortcut in trading, you have to analyze and smart money will not always be there. The moment you trade without any analysis, I consider it as gambling and the risk are high if you’ll do it.
but yeah, when there's nothing else to hold on when trading, these TA should be coming in handy, at least it gives the prediction that other people are also doing, and sometime the TA works out just better than just purely speculating.
though in my opinion i would never rely too much on these kind of analysis and would instead see whether there are good news or not in the market thats gonna be coming out and whether there are some rumours, after all, i prefer to depend on my own insight on whether some certain coin gonna be rising or not based on the real thing thats happening around the world.
this method also saves me from losing too much on USTC collapse as well.
For all my 5 months in trading, I'm learning only technical analysis but now everyone is talking about the concept of "Smart Money". So I think that trading is changing and speculators should stop trading based on technical analysis. Or smart money just a concept that cannot possibly work in the market,
Definitely yes, TA works and I know a lot of traders who are making big money by doing trade and analyzing the price trend. You just have to find the perfect indicators that can tell you when to buy and sell, and you’ll be good.There is no shortcut in trading, you have to analyze and smart money will not always be there. The moment you trade without any analysis, I consider it as gambling and the risk are high if you’ll do it.
For all my 5 months in trading, I'm learning only technical analysis but now everyone is talking about the concept of "Smart Money". So I think that trading is changing and speculators should stop trading based on technical analysis. Or smart money just a concept that cannot possibly work in the market,
The trading environment (market) isn’t controlled or traded by a single strategy neither do you approach your analysis with just technical or fundamental analysis only. You just might need both and with the other serving as some confirmer of the other. Just like some of the combine use of indicators.The market continues undergo certain changes which remains unpredictable on analysis that works or strategies. You just do your most to ensure your not guessing on entry and exit points, learn from your mistakes and wins in the same way.
For all my 5 months in trading, I'm learning only technical analysis but now everyone is talking about the concept of "Smart Money". So I think that trading is changing and speculators should stop trading based on technical analysis. Or smart money just a concept that cannot possibly work in the market,
Technical analysis will always work despite of a hyped market though in crypto, the trend always moves faster compare to other market. Many might not believe on this but if you do trade without TA, then expect to lose money right away. The market is too risky, if you will not do your own research before you trade, you are just wasting your time and money here. Trading should be based on your TA and FA of course, there should be enough time for you to analyze before you place a trade, by doing this you are saving yourself from a big loss.
For all my 5 months in trading, I'm learning only technical analysis but now everyone is talking about the concept of "Smart Money". So I think that trading is changing and speculators should stop trading based on technical analysis. Or smart money just a concept that cannot possibly work in the market,
I don't know where you get that "smart money", I'm new to that.But anyway, TA is very important in trading and a must to learn. This is a tool that would help us earn a profit and by analyzing the market trend, particularly on the coin we use to trade, we have an idea of when to buy/sell. It makes no sense to be in trading if you don't do this and even a simple analysis has an impact on our trade, how much more if really give more time doing this? However, this won't give us assurance that everything went well, losses are still possible.
For all my 5 months in trading, I'm learning only technical analysis but now everyone is talking about the concept of "Smart Money". So I think that trading is changing and speculators should stop trading based on technical analysis. Or smart money just a concept that cannot possibly work in the market,
Technical analysis still works but it takes time for you to understand them and know how to use them in the market. For what I will just say about this, don’t depend on technical analysis too much despite the fact that it has worked for many traders. Have your own personal approach in the market, then compare and utilize it together with the knowledge of technical analysis you’ve learned, that can help too. This is not an advise of a trading strategy, it is better to do more research and learn before using any strategies that works best for you.
For all my 5 months in trading, I'm learning only technical analysis but now everyone is talking about the concept of "Smart Money". So I think that trading is changing and speculators should stop trading based on technical analysis. Or smart money just a concept that cannot possibly work in the market,
Even on stock trading smart money works like a wild horse that defy technical analysis due to their capital size but technical analysis will usually work in normal trading scenario. This is why trader should always set a stop loss on their trade because analysis can’t guarantee 100% success rate.
The only advantage of smart money on crypto trading is they can manipulate the price of a certain token but you can always use this as an advantage by following the smart money moves.
For all my 5 months in trading, I'm learning only technical analysis but now everyone is talking about the concept of "Smart Money". So I think that trading is changing and speculators should stop trading based on technical analysis. Or smart money just a concept that cannot possibly work in the market,
Technical analysis helps you to make better and quality decisions. It helps you to choose the best coins at best possible time. Though many of times it’s not accurate or up to the mark, but it really helps at some specific times. Moreover crypto trading and forex trading are almost similar, so if you do proper analysis of the market, then definitely you can make good profit from it. You need to be calm while trading and don’t greed for more profits.
op If you decide based on technical analysis then your decision will not be correct. Because technical analysis is not correct 60 to 70%. So don't make any valuable decision depending on technical analysis. Of course before trading you need to have enough knowledge about trading. If you don't have enough knowledge about trading then you cannot trade well.
Well, while technical analysis could also help to give you (the trader) some hint in the trade, it doesn't guarantee that if you use technical analysis, you will actually make more of a successful trade. You also need to be familiar with the use and combination of some other trading tools, the use of indicators like the moving average, and their likes. You will also have to develop some good trading strategies; that's what will help you win the market, but even if it's not a 100% win, you will still experience some losses, but not as much as when you don't have as much knowledge about trading.
Not only 'could' but it was like the main dish here in trading. This is why I find the question of the OP funny. He said he is only learning TA or Technical Analysis. But what else does he need to learn? I mean in terms of analysis, it's okay to stick with it.I still know that we need more than TA here. You already give a few of them in your post. Also he said, everyone now is talking about smart money, but why I haven't saw that here on the forum, or even outside/elsewhere? No OP, the concept of trading didn't change, but it was still the same. Though, the flow of the market now is changing because we are now approaching the bull season.
For all my 5 months in trading, I'm learning only technical analysis but now everyone is talking about the concept of "Smart Money". So I think that trading is changing and speculators should stop trading based on technical analysis. Or smart money just a concept that cannot possibly work in the market,
Learning technical indicators helps you with your trade including the knowledge of the market trends this serves you as your guide for the next move of the market but again, it doesn't mean that this is always inaccurate information, the market is volatile and people can easily make a manipulation in just single piece of information market trends will change and your plot. Try to find an ideal trading pattern suitable with your trading habit, and strategy. Practice makes perfect in trading its just an help to lessen the risk to gain profit.
analysis is the most important thing before doing all those trades. even smart money requires analysis too. There is no trading just relying on bots without doing analysis first. Technical analysis is more about the use of indicators and combinations and various strategies. This will be useful for determining market prices and determining whether the trend will continue. In conclusion, all knowledge is important.
Knowledge is important because it will save us from more problems and creates us opportunities to earn from the system with ease efforts. Though these Knowledge can not be gotten in a day or week, but with constant learning the basis of the market, everything will follow suits ans blend. Technical analysis work effectively in crypto trading and foreign market. We have only two main strategies in trading, they're fundamental and technical analysis and a trader must learn one of these strategy to ensure he or she is thoroughly grinded in the system.
analysis is the most important thing before doing all those trades. even smart money requires analysis too. There is no trading just relying on bots without doing analysis first. Technical analysis is more about the use of indicators and combinations and various strategies. This will be useful for determining market prices and determining whether the trend will continue. In conclusion, all knowledge is important.
For all my 5 months in trading, I'm learning only technical analysis but now everyone is talking about the concept of "Smart Money". So I think that trading is changing and speculators should stop trading based on technical analysis. Or smart money just a concept that cannot possibly work in the market,
It's great that you have been learning on technical analysis for the past five months in your trading journey. If you learned all basic and advance then I will recommend practical applying of check how it works. Technical Analysis still working because one of my friend only learned basic and using it in practical trading. I hear from him that results is good and he earning on daily base.
Although if you have a time the. you should also learn Smart money as this concept will adds more knowledge to your market understanding. Learning Smart Money will enhance your trading strategy. It's not about totally abandoning technical analysis but rather use both in your strategy for better results.
For all my 5 months in trading, I'm learning only technical analysis but now everyone is talking about the concept of "Smart Money". So I think that trading is changing and speculators should stop trading based on technical analysis. Or smart money just a concept that cannot possibly work in the market,
Technical analysis is a crucial technique for traders and can assist in trading as well. Technical analysis is not necessary for you to know, though, to be a good trader; other elements of trading are also necessary. It's excessive that you learned solely technical analysis for five months. In order for you to be able to trade, I believe you should also understand other things. Technical analysis isn't the most important thing to know while trading, although it does help occasionally. What strategies do you have for using technical analysis? That is the question here, because it also matters that you cannot trade without having your own strategy.
Trading doesn’t change, and smart money is not what you are thinking, in my opinion, because what I understand by smart money is that when an individual or investor makes money from an investment using their knowledge or experience in the market, this investor can always be someone who is knowledgeable in the market and always has a successful investment. They always engage in research to gain knowledge about the market they will invest in.
Technicals might not really be that precisely could work on the time that you would be trading but this is something that you cant really be able to ignore on making use of it on the time that
you do make out some trading positions. It is really just that a matter on how well you do make out your own decisions into this market.
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