Topic: Does technical analysis work in crypto trading? (Read 531 times)

some indicators are lagging and some leading, because if the trader will use the indicator for trending market to a chart which is trading in a range.
then how the trader will be able to get right signal applying wring indicator? I think the main cause is this for TA not working.
I will make strategies for trending market and range bound market, and wait for the opportunity because most of the time we be impatient and take wrong trades which causes losses.
MACD is good in trending market even moving averages also work great.

If you invest in the crypto market, you really need careful calculations and research because in trading no one can guarantee that it will run smoothly according to our wishes, but we are expected to be able to follow market changes to the maximum and the market will never be free from the volatility factor and play. with no pressure at all to succeed in the market.

With volatility, many experienced traders always take the opportunity to make money instead of avoiding not entering again and indeed currently Bitcoin is still facing an uncertain direction whether it will match what people say will rise strongly in the early months of next year for whatever reason. BTC is down, this also has an impact on other Altcoins too.

Technical analysis is a great tool for trading, at least in my case it has helped me a lot over the years and I still use it today. I can understand that some people are skeptical to only use past data to try and identify trends to base their strategies on, but it definitely works. Already by looking at the charts we can see those crypto currencies, like most other asset classes tend to move in cycles. With technical analysis we can identify these cycles and trade accordingly. The problem we have in technical analysis is that there are so many different indicators and it's not that all of them are going to give us the same answer. We need to choose carefully which indicators we are using and when there is conflicting data, we need to make further analysis. There is a lot of noise in the crypto markets and we need to make sure we use actual trading signals and not fall for over or under reactions. Technical analysis is just a tool that gives us indications and not something that will make us rich quickly.

Technical analysis is a very important tool use by most investors, it help them to identify market trends and predict the future price movements of a particular project.

By carrying out technical analysis an investor might be able to find out how real a project is and it potential

People who say that technical is not working is because they don't know even place a support and resistance in a right place, i think with price action, fibo and trendline, you can know the trend and just follow after a pullback and some fundamentals comfirmations, the sentiment analysis can be hard but with a minimum risk and good monney management i think that you can take good trade, no over traiding and avoid volatility.

I often hear that TA does not work but where is the alternative? Where is this strategy that can allow a person to make more money than the traders which use TA and why we have never heard about it? And we have never heard about it because it does not exist, anyone that wants to become a trader needs to use TA, as even those that trade the news still have to make use of TA to know how much money to use when they open their positions and need to use it to know when to close them as well.

I don't think their is anything that beat technical analysis when it comes to trading, it gives you a clear insight of the price the action and it possible next move, those people talking about smart money  are only saying it because they as institution they comes together to move the price of an asset to their advantage, unlike you and me that is a retail trader, that the best we can do if we want to be profitable is to analysis the market properly and moves according to the structure of the market.
 
You are just 5months old in the business, you really do have a lot to learn, with time you will learn the hard way, and you will stop listening to people that knows nothing about trading.

This is the mistake of other people since they only think about that they just need to define what good alts to trade then they are good to go and earn on possible altcoin choose to trade. They forgot that they need to analyze well how the market reacts on certain condition also check the stats or other necessary things needed so that they could get a better shot on each trade they do. Market is changing so we need to maximize each trade we do and we make sure that every decisions we drop have higher probabilities to gain from trades we do.

Market is unpredictable that's why we need to study well before going to trade since its really hard to commit mistake since it cost us some money if we lost and might it will hard for us to recover it since we might get a hard time to bounce back especially if the amount we lose is so huge that's why we always be careful on our trades.

You would really be seeing its significance on the time that you would really be doing trading. This is the primary tool that you would really be needing for you to be able to handle up yourself
with this volatile market. You cant really just make some position without any basis or simply making those blind predictions on where prices would be going because you are really just
that basically doing gambling just like on what others been saying. Technical indicators might not work but doesnt mean that they are irrelevant on trading field and to know that these are
just basic tools that you would really be needing for you to survive this unpredictable space.

You cant just wander around and really having that kind of approach on making up some random guess about on where prices would go. Make yourself that wary
and you would be finding out its relevance one you are doing trading.

There is definitely a need for technical analysis in the field of studying. A trader can easily understand the market by doing technical analysis. There is no alternative to having a simple understanding of the market to be successful in trading. We all know that the market is changing every moment and sometimes the market changes by surprising us, at that time we have to analyze the market by ourselves instead of relying on technical analysis.Technical analysis can usually be done by considering the past and present but if there is a sudden big change in the market then this analysis will be wrong and manual analysis is required at that time. But having all kinds of ideas in the field of trading is definitely a very necessary task for a trader.

In the bottom line, Technical Analysis plays a key role in our trading career. However, this won't give us assurance that everything went well due to the volatility and unpredictable price trend of the market. Therefore, there is no easy money in trading, all of us must struggle with how to understand the behavior of the market and act accordingly based on our TA. If it fails, then we have to accept it rather than blame it because this is naturally happens in trading otherwise, we stop. Or improve our knowledge and skills...

The technical analysis was the important in the crypto currency trading,because many people do random trades in the crypto currency and start to blame the project.At the beginning many people blame the bitcoin for the unstable price,but now the same was become the important one to buy the bitcoin at the some low price.The trader of bitcoin can cash out with some profit in the next pump in the future.But the other coins in the crypto currency was not same like bitcoin.Because bitcoin was oldest coin in the crypto currency,the demand was always huge for bitcoin.


The trader who doesn’t spend time on the analysis was suffer lot with the loss in the crypto trading,bitcoin was totally different one.Because one can trade the bitcoin at any price,the next bitcoin pump will make to earn huge money in the future pump in the bitcoin price.

Really that important because if you wont really be making use of technical analysis then what would be the thing that you would gonna do or make use of? Fundamentals?
We do know that not everytime this market does have those kind of sentiments on which means that it cant really be just that possible that you would really be applying out
this kind of trading just because you are really that believing that it would really be just that enough.

Thing here on making use of technicals is that it does really give out that kind of idea on where prices could actually go but it might that not precise but its something
that would really be preferred rather than on making trades and decisions blindly. Nothing beats out if you do make use of technicals rather
than on making positions without any basis.

A trader must do technical analysis in trading. Technical analysis is very important in trading. The more technical knowledge we have, the better we can do from trading. However, we should not only do our technical analysis, but we have to follow some other things in terms of trading. Trading must be done according to certain rules and trading should be done when we feel that we have developed an adequate understanding of trading. Along with technical analysis, a trader needs to keep an eye on market movements by regularly monitoring charts, candlestick monitoring and be well versed in these matters. If a trader is well versed in these matters then he can definitely succeed in trading.

Those which are often referred as smart money also use technical analysis, it is just that they are better than the majority at using that skill, whether this is because their abilities are superior or because they are so powerful they can influence the market by themselves as it is the case of the whales, however make no mistake, as long as the market is big enough and it is not heavily manipulated then technical analysis will work on it, however this is not magic and a margin of error will always exist and your predictions could always go wrong from time to time.

smart money means traders or institutions who have huge capital to trade with, and other traders speculate and assume by seeing charts, and make possitions according to smart money.
it's all assumptions we cannot know about where smart money buy and sell.
TA is not very hard to understand because every indicator automatically works and give signals on trading view or charting software. so wasting 5 months to learn just this is not very good for you.
trade with small amounts it will give learn you more than that, and read some books on financial markets.

I can say that technical analysis works in crypto trading, but it can also not work. This is because the crypto market tends to be more dynamic and unstable, which makes it more difficult to analyze using technical methods. Personally, I prefer to use news or fundamental analysis when trading crypto, because looking at the news is more reliable than just relying on analysis using tools that could be wrong.

Technical analysis works on trading but nevertheless you need to know that your accuracy in Technical analysis is dependent on your level of expertise so you need to understand every bit of what you need to know before you start to do TA, regardless if you’re TA is not good enough you can choose to use copy trading or bot trading in order to help you have a smooth trading with lots of profits; Bitget exchange has both the copy trading and bot trading feature you can try it out.

First of all, technical analysis is used in their work by market makers and institutional investors, who, thanks to it, can assume further actions of market participants. And this knowledge helps them turn the market around contrary to the expectations of the majority, which allows them to direct the price to the level where liquidity is concentrated.

There's no such thing about accurate specially on dealing with a speculative market on which it would be just that normal that any analysis wont really be that precisely giving out that kind of result
which neither you would be right or wrong and there's no way on knowing it but at least applying out any analysis is much more preferred than making out some price entries without
any basis because it is really just that pure gambling. Trading does really need up that kind of approach on which it does really need up  that seriousness about it.You cant just make out entries
without any basis and this is why you would really be needing to plot those indicators.

Just like on what some people been saying that you could really get in line with it with some fundamentals if ever its really that available because technicals wont really be that effective
if there would really be having some news which it could possibly affect out the movement. You would really be able to experience for yourself
about those drastic changes and be able to know on what you should gonna do next.

Not only technical analysis works in cryptocurrency trading and the fact that such is being used does not give the accurate conclusion to wether it could be the best of it all, we can also have some available alternatives in most times, it's in our new attempts on using any of the means or strategies in performing our trades that determines what we see in reflection of our kind of trade in consideration most times, we may just also needs to know much of ourselves than the other prediction analysis we may have.

Technical analysis works fine and everything that happens out there in the market both the news events are represented there in the chart, but the problem we as traders have is that we will always make trading mistakes in our analysis or our actions in the market, and that makes technical analysis seem not working perfectly, human emotions affects the direction of the market as trader will tend to react to the changing market as sudden events like war, bad economic news etc. unfolds, While on the smart money concept, I urge you to go study the Wyckoff schematic of method accumulation and distribution phase, you would realize that it plays out most of the time in the market.

Technical works both in the traditional market and in the crypto markets.

It's not, "that trading is changing", quoting your choice of expression there. It's just that modern traders are beginning to develop new concepts to challenge the market, so to say. What constitutes SMC – Smart Money Concept – have all been there years ago without anyone knowing they could be used to trade the market. Concepts like OB – Order Block, Value Gaps, Breaker Blocks, Market Structure and the rest of Market Shift, CHoCH and BoS, were all there all along.

As for whether TA works or not, I think crypto trading is mostly controlled by news than technicals. That's not taking anything away from the perspective of technical analysts. The market still makes use of such.

It’s not enough to just study all the figures and indicators, you need to be able to correctly interpret what you see on the chart, which is an equally difficult task. Yes, technical analysis works, and the longer you trade, the better you understand the charts, this all comes with experience, but in any case, technical analysis very often leads to the fact that it cannot give one correct answer, where the market will move next.

By the way, I haven’t met any traders yet, who would trade without technical analysis, you can try to do this, say, only on the news, but this will not be a full-fledged analysis.

You are right in most of your remarks about the technical analysis but you are taking it too far by relating the news to it, this is where most traders are confusing themselves. Technical analysis is the only analytical means that I know that can stand all alone, you don't need any news for it, just read your chart and you get to know what will happen in the market. But for the bad news and events that can't be foreseen, it's good for one to make sure they are managing their account properly, nothing can work perfectly in the market, so traders must always be managerial in nature which will give them the best they need in their trading. In addition, I love the technical analysis more because it helps one to see the reversal of the market pretty early so as to act accordingly, and also the correction/retracement and the trend of the market. Not only that, it helps one to see the short-term, medium-term and long-term trends of the market. This is so superb, and if I may ask, what type of analysis could do that if not this alone? I have been using it for a long and my trading results are fine with it. But when I try to relate the news to it, especially the scheduled news, it gets me confused more or gets me unnecessarily emotional.

Technical analysis work on any trading instrument but over the years, it has proved to be less active in many ways. The fundamental analysis precede technical analysis in all areas reason is that the market is move by what people see or hear which is the news. Technical analysis involved the used of chart to forcast the future expectation of the market but you don't need that to survive trading alone, you need to be even more of fundamental like 60% and the rest of the technical should take the 40%.

Another reason technical analysis might have not been working for you is that it could be that is because the crypto market is clouded by judgement of institutional investors, and there decisions can void the market irrespective what you think and how you want it to go. For instance, the Bitcoin market has been moving in the lows of $41,800 and $42,500 as we have enter the weekend and the daily candle has turned to high selling pressure as indicated from MACD and by trend, we should slowly apprached a support of $40,000 but you and I know that Bitcoin is going to break $45000 if ETF is approved on monday and it might even go higher to the resistance of $50,000.

What you need to do right now is to mix your strategy with more Fundamental analysis than the technical you are so focus on and this can be achieve through following some real crypto news and some Youtube channels that have quick updates about bitcoin update. You should focus on bitcoin more because everything about bitcoin is surrounded by bitcoin news and information.

Technical analysis is really useful to all traders who make a profit from trading. Even those who are studying know how to analyze a trading chart on a graph. And this can only be done if you have an understanding of the use of tool indicators.

And these indicators are not just a few; there are a lot of them that should be studied and learned by someone who is just studying crypto trading in this business industry. It takes a long time to really know and learn it; in short, it is not a joke to learn and study.

Trading is very hard, it involves luck and patience. If you are not a whale, you'll struggle in trading because you'll have many moments when you think it's time to give up to not experience more financial lose and once you sell your coins, that's the moment when price will start recovering and become bullish. Btw I have noticed that technical analysis really works, it just magically works. When you expect that price is high and according to technical analyses it has to fall but at the same time there is no reason for it to fall down, then magically some crazy news appears and price falls. Then when price falls down and is very low, magically another crazy news appears and price starts increasing. It's amazing but technical analysis works very well despite the fact that trading is hugely luck-dependent.

It all depends on how you interpret a certain situation, because different traders see the same situation differently, and this will shape market expectations. I am inclined to believe that technical analysis works, but in order to use it correctly you need to understand the market very well.

In addition, you need to follow the news, sometimes this can be a determining factor for a market reversal, more so if these are some kind of local movements. For the global movement, news will not be a very significant factor.

Yeah, that's not going to work with them.

They come and go but those that are staying means to say that they have a strong community and they're backed up. And maybe from there, something better will happen to that meme coin.

But otherwise, it's just all pure business and money from them and the devs don't care if the community will take care of its progress as long as the devs make money from them together with the community.

It always work, but not always a 100% guarantee that you're going to meet the profit you're expecting each trade.

Technical analysis only helps for you to analyze the market, on which price it is safe to enter and exit your trade. But since our knowledge and skills are also not accurate when judging the market movement, we can't avoid to lose our trade in the worst case scenario. So yeah, it will depends on how good you are and how will the market move in the timeframe you're going to use.

Depending on your beliefs, but as of now, I believe some still use technical analysis to make decisions. It's not wrong, as everyone has their own trading strategy. Some signal channels also seem to use technical analysis to predict the market, so it's not a bad idea if you still want to learn and apply technical analysis for your trading needs.

But remember, no one guarantees 100% accuracy in technical analysis. There are still other conditions that render technical analysis useless, and that often happens. Market movements remain unpredictable, so proceed with caution.

meme coin price literally depends on the mood of the community behind it, no wonder TA is not working at all.
TA only effective where I guess other people are also using the same technique like maybe in bitcoin where most of people are just doing the same thing its different in the market full of speculation and manipulation like meme coin in general it won't be that effective because as we know, the market is heavily manipulated.
though usually when going in such market i would just simply disregard the technical analysis and just instead depends on the news of the coin itself, it proven to be a good way to determine the future of such coin but still there are times where the coin suddenly increase or decrease in price surely thats a sign that the market itself is so speculative that nothing could determine the outcome of the market itself.

Exactly.

Using TAs with the meme coins is just like you're punching on the air. You don't know how long they're going to stay but I think it make sense for some meme coins like Dogecoin that has been there for so long.

But for the majority of the meme coins, it doesn't really make sense to use one for them unless you're a good trader and it helps out the trades you get on with them.

Analytical techniques in trading are indeed a fairly effective way and are a way for a trader to analyze the market. This method is often used by traders, especially professional traders who really understand how to analyze and optimize it in all kinds of market conditions. For those of us who don't really understand, this may not have much influence and we even think that TA is useless because after all market conditions will continue to change. However, for professional traders, the analysis and research from the TA results really influences their strategy and what they should do next as well as the possibilities they will face during price changes in the market. So as long as we really understand how to optimize TA results and carry out all the strategies then it will work well.

Smart money my foot. I wonder whether those who are behind it don't use technical analysis even if they claim they have access to more resources. There is nothing anyone can compare with the technical analysis, as long as you are conversant with it and you are also a very good chart reader, you get to make your success from it. But one must ensure that they fully know it, and the larger the timeframe, the better in my experience, unless the trader wants to stress himself and still not have anything meaningful to achieve from it. Trading with the technical analysis is also technical itself, one should not use a single strategy for the best results and neither should the person blend the wrong strategies together.

This is why I always advise that no trader should rest until they have devised a new trading system that can give them consistent earnings and the rest of their mind. If this is not done, how possibly would the trader have a good plan, management and even good psychology? That is not possible. For this, it's good to "nip it in the bud" and never rest in training until that dependable system is achieved. In addition, be it news effects, strange market movements, the main sentiment of the market and so on, there is none that is out of the radar of the technical analysis unless the trader is not using the right set of strategies. If used correctly, they will surely know and plan for or against them as the case may be. This is where good management is needed, and since traders cannot win every trade through technical studies, they need to effectively manage their accounts to avoid issues during the flaws time. But never blame the technical analysis for the imperfection, nothing is perfect.

I believe that everything in moderate is not that bad of an idea, it should be something that everyone could look for, it's definitely not too bad at all. I get that it may not feel all that crazy for many people at the time, but it is definitely a good thing. I know that life is not that easy for some, and I know that it could get to a point where it may not be all that simple, but we need to just accept that TA is a good way to figure out how you should be trading and a direction for a person to take.

I am not saying it's a must, you could figure out different ways if you know what you are doing, but that doesn't mean that you are going to end up with something improper if you end up working towards making a living out of TA neither, that's still a good option. So, if you really want to take that road, you could always end up with working towards it, and you could make some profits with it when you become very good at it as well, it should be helpful.

Learning anything never been a bad thing, Technical Analysis is the very basic thing in trading on any market, forex, stocks, even crypto and anyone now can learn it in less than a week but should know it's not effective anymore. From my failed experience in trading I was just like you ina lot of confusion and what to learn exactly, since everything you learn seem ineffective and caus you just losses then you should go and learn something new.
Crypto market, is more volatile than any other market because of low marketcap tokens or coins and any small news can effect the price. So even with technical analysis and much studies of market you end up losing your position or trade in a very short time. I suggest that you focus on money management before anything else and I woukd also recommend trading on market crypto.

The thing about TA is that if you are not using it, then what's the alternative? That's why people use it, not because it's a guaranteed way of making money, but there is no alternative that you can do to make money from trading at all. Lets assume that you are not using TA, you look at a coin, and you are not sure about if you should buy it, or if you have any then if you should sell it, in a world where you do not use TA, you are forced to just simply make it by gut, just your feelings and nothing more.

This is why TA is a lot better and you should keep on using it the more you can, it should definitely make it to a point where it could make as much profit as you possibly could, and that means you are going to make as much as you can. It's definitely a good deal, and it's definitely something that will benefit you, and you are going to end up with a greater return with TA than your feelings, that should be the only thing that matters to you on the long run.

We can always make use of technical analysis in the market but we should know the boundaries where it is applicable.
Many of the meme projects we have in the market, using technical analysis for them might not give us a good outcome because there price is normally pumped and dumped and if we don't try as much to work on that, we might end up losing big in the market and that might make us to keep thinking whether the strategy we are using is not working for us.

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.

TA wont really be giving out that assurance for you to be able to predict on where prices could go on which just like on what most people been saying on here or simply we do know that there's no such thing about guarantees because market is really that way too unpredictable and there's no way that we could really be able to know on where the market would really be going on which means that no matter how good your TA
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.

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.

the thing with TA sometime it can be a self fulfilling prophecy which isn't a bad thing since we are trying to make money off the market but sometime also could be wrong because sometime the market can be moving on its own and even getting some manipulation.
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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

Totally crucial and something that would really be relevant because we know that this market cant really be having some news most of the time on which means that you would really be needing to learn on using up these tools for you on having at least the idea on what you are doing comparing into those people who are really just that making up some guess with their trading and this is something which isnt really that recommended or something that would really be doing in the trades that you are doing. People do usually mess up on the time that they would really be having those kind of approach on which they do really believe that trading is something simple or something that they could really be able to handle it well. On the time that they are the ones who are really making up such trades then this is the time that they will really be making out those realizations.

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.

Smart money is just another form of technical analysis used to trade forex and crypto, I believe it's just an innovation from from the usual and common components of trading though incorporated with some modeling, it's good as a trader to keep abreast with the latest way of trading mostly now named ICT and that is exactly where I am presently diverting my attention to in learning trading, I had read series of tutorials and chart patterns with regards to Smart Money Concept and it really making sense having practice it on real chart and based on price patterns or history repeat itself, thus it would be of useful to you if you can learn Smart Money alongside technical analysis in the long run it's going to help your trading journey moreso also ensure that you practice your trading strategy.

Technical analysis, fundamental analysis, sentimental analysis they all have their different uses in crypto trading. In technical analysis, we use historical data, chart, previous market movement patterns etc in order to predict short term market movements in the future. It is quite effective but not always accurate. Because other two analysis are also involved in the market.
With fundamental analysis, we need to see the potential of the project we are going to analyze. Who is behind the project, what could be the usage of this particular coin, who are providing the funds for the project and things like that needs to get analyzed. And based on that we buy or sell the coin. This is used for long-term investment plans.
Which sentimental analysis, it is also used for short term. It depends on investor's emotions or sentiment attached to the market. The thing we call hype or trend comes from this.

Learning only technical analysis on to make you the best trader out there. But it is a process you must learn and master. And then you can move on to other analysis. When you learn all of them, you can combine them to make your own strategy. Just because it does not work always doesn't mean you should not learn it. Keep learning it and you will see the result in the future.

I learned SMC two years ago through a mentoring program. It is tough to appreciate the learnings if you are new to trading and have no prior experience. SMC assists you in determining how the smart money interacts with the market. And because smart money is aware of this method, its win rate will decrease. That is why you must back test and improve your technique in order to improve your win rate.

There are no strategies that have a 100% success rate, and there are strategies that may not work for you but do for others, but I can promise you that technical analysis works in cryptocurrency since that's what I've been using in trading since then.

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.

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.

All methods doesn't have any guarantee since it all matter on how the trader execute their trades. But if we pay close attention on the ongoing movement of the market for sure we can figure out its possible movement. That's why before doing traded a proper analysis is really needed and we need those charts to see the price history of the token and possibly find the best position we can enter especially if we do day trades. To loss on trades is really possible since after all market still unpredictable that's why at least we use our brains to analyze since it can give us more better chance to earn some profits rather than using nothing since it will just ruin our day because for sure we have more huge chance to lose by randomly picking up some situation to trade.

Technical analysis will not guarantee you profit it is only a possible estimate by checking previous market conditions but it is never 100% accurate.  So you have to take responsibility for your loss.  You cannot blame technical analysis for your losses.  Because you yourself know that trading is risky and you have accepted it and started trading.  If you trade without doing technical analysis then you will lose as much as you can through technical analysis but it is not possible to avoid loss.

Do you mean that after 5 months, you know how to do technical analysis? In your first month of crypto trading, do you know how to do technical analysis? What is the first month you know how to understand tools and indicators in trading?

Each of the indicators used in trading is understood immediately, and you know immediately how to use them when you perform technical analysis. Is that what you mean? Or are you just bragging here so that other communities here think they think you're great? I'm just asking you.

Yes, of course you must know how to do technical analysis, this is important when you enter trading, you can't just enter basic knowledge is important if you know how to do T.A, it's good for you Discipline in trading is the most important thing

technical analysis is used to get rough illustration of the market, its not the absolute way to make profit out of trading and not truly accurate indicator either, you just use it just in case but never expect that everything will go according your technical analysis, have you seen many candles that supposed to go up but suddenly go down awkwardly? that occurs a lot in trading and I think at this point thats kinda normal thing.

TA so far is not foolproof so you need to find another strategy to contend against the ever changing market, one of them is just relying on trend and news, as the saying goes, buy the rumour sell the news this honestly can have better chance of winning when it comes to trading remember the rumour about ETF approval? when it was still a rumour nobody give a damn but right now we are nearing the revealing of the ETF everybody suddenly want to accumulate their share of bitcoin but the price already increasing anyway so it could very well be too late for many of them. back then bitcoin was hitting price so low that right now many people are already getting good profits.

What do you mean first in "smart money"? You didn't give the context or meaning of it, and you are saying that it's more reliable than technical analysis? Even if you are learning about technical analysis without enough execution or experience you will never see its worth, you are saying that technical analysis is not reliable but in fact this method is being used by many traders as it could give them insights on what will be the possible movement of the market, although technical analysis is not 100% accurate because in trading there will be no a 100% as the market is unpredictable, still with the use of technical analysis it could give you what will be your next move, where to position or where to do your trade, if you think that technical analysis is not useful then so be it tey using your "smart money" method then come back here to say what is your experience, you are still new to trading so its still early for you to say that technical analysis is not useful for earning in trading that is the common problem with the newbies in trading.

You can't win in trading just by using TA only which is why we also have to find another way to make our trades profitable otherwise, we lose. Yes, as the market changes, we also have to level up our market strategies for some of them are obsolete already. We have to adapt to the situation and never stop learning because this is the only we will survive from trading. That is why we could say that trading is not an easy job, it needs more knowledge and effective strategies.

So basically your are pertaining on calling that smart money is into that kind of sending out your funds and letting other people do handle those funds instead for yourself on making up those trades and other investment
decisions? Is this something that you would really be that willing to do so or not? Going back into the first thing that you had said about relevance of technical analysis. Yes, this is something which is really that relevant.
We cant really be having a market to have that only on having that kind of news from time to time on which you cant really make use of FA and this is where TA would really be that setting in.
You cant really just make out those trading positions without any basis because you are really just that basically doing gambling in the first place.

Also if you do really make mention about smart money, then its up to your own choice. If you do really trust them up on making a hold of your finances or investment
and making up some trades for you then its impossible that you wont really be able to know or been wary about the risks involved into this one.

You cannot do without making use of technical analysis in trading, if you think going through the use of smart money may not generate you the desired expectations, even though things might appear working out but it will soon got to a stage whereby you will have to engage the use of technical analysis for your results to be accurate enough, we may not have to use a single approach for trading sometimes.

I was about to ask what you understand by smart money but I read through the thread and I saw your definition.

This is from Investopedia the page you most likely copied your definition from. Now the only difference between those big investors and the retail investors is that the big investors have more information or understanding of the market.
Every investment decision they make has been analyzed properly It doesn't mean those institutions don't do technical analysis, they do but with more knowledge.

Good luck with your trading journey. Remember whatever strategy and trading style that seems easy and working on you, stay on it. You don't have to be much of an expert because what's important in trading is profitability regardless of the strategy you use, whether TA, FA, smart money or anything that you use as indicators that shall depend your decisions.

@shisotsu, look at the quote that I've made and what oshosondy has said about it. Don't ignore the warning that he has given and the highlight that I've quoted for you as a reminder.

As far as I know and what I have done, crypto trading using data Technical analysis is historically important where analyzing market movements looking at charts and other guides that identify patterns and trends in the direction of the type of crypto we want to trade is the thing for meneeds to be looked at carefully.

Maybe with the current conditions of the crypto market, speculatively it is a little difficult to rely on technical analysis, because it does not match the price patterns and trends that are seen, Maybe with the current crypto market conditions, measuring crypto performance is difficult to determine future prices, where you can see that currently it is up 1% in the next hour, down 2%, this is a bad sign, I think the crypto trading method in the form of technical analysis is not suitable for now, wait for crypto prices in the market to stabilize, maybe the technical analysis method is suitable.

I understand that I'm newbie in trading, now I'm trying to learn only the right things and not get lost because of other concepts and other people's opinions. Thanks for the advice and for guiding me!!!

Just five months? No wonder, you are still new in the market trading, you need more experience if you would stop listening to people so as not to misguide you. As a matter of fact, I have never seen a better and more powerful way to know the trend of the market than the technical analysis and what the sentimental analysis and fundamental analysis can't do, it would do it successfully and even easily. It has been the best light on my trading path and without it, I don't think I can trade this long as my trading system centres on it having tried all possible means of trading. My advice is that you learn about it more and train what you learn about it for your own good.

You can learn the price action, Fibonacci and trendline among others, and avoid much of the indicator's trouble and deception. And if you learn them diligently and understand them as well, you will never have issues with your trading anymore, I am sure of that, and it will make your trading management easier for you. By the way, those who are talking about "Smartmoney" are only enjoying the excitement of the moment, you will see all of them shutting up their mouths when this obvious bullish season is over. This is where you are multiple times better than them as your time in trading does not have a season. You profit all the time if you fully understand your chart reading.

While I believe that its not perfect, technical analysis does offer valuable insights in crypto trading. It helps identify support/resistance levels and improves risk management, and helps guide your trading decisions. It has limitations, however, like being susceptible to market manipulation. To truly thrive, combine TA with other methods like fundamental and sentiment analysis.

If you have any questions you can contact me via my Discord: https://discord.gg/2TFSrzunK3

Is that what you mean by smart money, how about joint ventures or individual that participates in big airdrop like JTO and the rest, launchpad on big centralized exchange. From what you actually mean, I can say smart money are only used by the whales to generates more income fastly, is that true?

Did you know that this is plagiarism?


I will advise you to avoid ban.

If you want to copy a word directly, it is better to just quote it.

How is this also helpful? Not from retail investors. We are not institution or bank here.

Smart money refers to the capital that institutional investors, central banks, and other professionals or financial institutions control. It is managed by expert investors who can foresee market trends and make most of the profits. So it means that smart money traders trying to trade together with market-maker. Also they think that technical analysis is not working because it's very old.

Technical analysis can be used to trade, although it is not 100% accurate. I can even say that technical analysis is not 60 to 70% accurate. You need strategies to make sure that you do not have loss in trading than profit. Your analysis can not always be correct.

I will like to ask. What is smart money? I do not think this is related to trading

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,