You had pointed out "pure TA" which presumably that your really depending on it fully. How? Does the price of the exchange not apply to you as you sell? Since the behavior of the market is truly unpredictable, as what everyone mostly stated in here. The instinct of one's self in trading is what matters the most.
~ Do you think that the price will move the same way it was last week? Consider the pattern it makes to lessen your confusion upon the unpredictability of the market itself.
~ The news don't truly drive the prices itself. It is the quantity of the people reacting into the news.
"X coin will reverse in price this week, *insert economists here* stated." Because of these speculations made by known people, the people in crypto decides to react upon their own understanding in the news. Sell or buy, it doesn't matter. They will react upon what is being said in the news.
Topic: Is Technical analysis bullshit? - page 4. (Read 901 times)
If enough people are following and actually acting based on what the charts are pointing out, then it's very likely going to work, but this market is too unpredictable to purely focus on that. TA works pretty well based on how traditional investors and institutions apply it on stocks and such. The crypto market is literally infested with empty headed fools gambling their savings based on nothing but hope. I think it's safe to say that with how this market will become more professional throughout the coming years, TA will become far more of a fundamental driver than it is right now, but that directly means the volatility will significantly decrease as well.
That is it. The market is so unpredictable and a lot of traders like you said in the crypto world are basically just gamblers. I would not say Technical analysis still does not work in cryptocurrency, but works far better in Forex or stocks and this is because we are in a decentralized market and I do not actually expect anything less.I feel most times, the prices can be manipulated to give fake signals, and since one already know all of that, it is best to always know how to minimize the risk in most places. Stop loss are there for reasons in the market and not for decoration anyway.
Fundamental analysts and technical analysts should be aligned. You will find out if the altcoin you buy or sell is too cheap what is too expensive through technical analyst methods. There are many indicators, if you use RSI select 14 periods. Or boilinger as a confirmation of the trend.
Technical Analysis and Fundamental Analysis should be considered together , not seperately. TA is just a way to interpret the market behaviour and give us some clue. You cant expect TA to tell you exact future everytime. FA and TA should be analyzed carefully but at the end you would decide what you should do.
This industry is driven by FuD or FOMO and this rubbishes TA. In forex trading, it isn't so. TA rules.
It perfectly shows that it all comes down to how many equal minded entities there are in a certain market, which definitely applies to forex and to a tiny lower degree stock markets. I must however point out that currently there isn't all that much fud and fomo going on in the crypto space, which means that it will allow TA to become a useful indicator, and the firm range pretty much confirms that.
There are less noobs trading right now, and less noobs dumping for no reason. I like how calm this market is and hope that it will last for a longer while. Sending $100 worth of Bitcoin today means it is still $100 next week.
How can someone dislike that?
Technical analysis indeed does not work perpectly, but this analysis is helpfull to know the situation of the market, from TA like price pattern or candlestick pattern we can decide the market on bullish, bearish, reversal or continously follow the trend. I can not trading without analysis the charting and without some indikator. Can be by use combination of TA and news of crypto will more help to predict the price where will to go.
No. Of course not. It helps the trader to predict the future price and I think it really works. Besides, many trader uses technical analysis to know where they will going to enter and quit to the market. Technical Analysis is useful specially, if you know a lot from it.
Nah! It's not true that Techinal Analysis is bullshit. OP, you may justifiably tweak that title a bit to encompass, "Not totally accurate" As someone who looks at charts myself, I have come to believe that because of so much FUD in cryptocurrency the TA is most likely to fail. This industry is driven by FuD or FOMO and this rubbishes TA. In forex trading, it isn't so. TA rules.
I believe that technical analysis can be useful in those days but the market is so volatile that we should rather rely on luck
Dude, relying on luck is gambling and not trading. 
I am not yet sure if TA actually works with crypto currencies.
I haven't had any success with pure TA so far. However fundamentals and news seems to do better job at predicting the price of a crypto.
Or Am I doing it wrong? I tried a simple RSI strategy to trade and it didn't workout well.
Should I even bother with technical analysis when it comes to cryptos?
I haven't had any success with pure TA so far. However fundamentals and news seems to do better job at predicting the price of a crypto.
Or Am I doing it wrong? I tried a simple RSI strategy to trade and it didn't workout well.
Should I even bother with technical analysis when it comes to cryptos?
In any field of work or job technical analysis is very important how to do the work better than expectation, in the crypto technical analysis is usable but hard to perfectly crpto's movement how to get earn specially in trading, because the reason is cryptocurrency is very fast movement as volatile currency so nobody can get perfect exactly analyst comes.
I am not yet sure if TA actually works with crypto currencies.
I haven't had any success with pure TA so far. However fundamentals and news seems to do better job at predicting the price of a crypto.
Or Am I doing it wrong? I tried a simple RSI strategy to trade and it didn't workout well.
Should I even bother with technical analysis when it comes to cryptos?
You can't agree completely but partially you gave to say that you cannot just rely on technical analysis dor choosing your investment. Technical analysis is good for those who know the technicalities of trading. I haven't had any success with pure TA so far. However fundamentals and news seems to do better job at predicting the price of a crypto.
Or Am I doing it wrong? I tried a simple RSI strategy to trade and it didn't workout well.
Should I even bother with technical analysis when it comes to cryptos?
I am not yet sure if TA actually works with crypto currencies.
I haven't had any success with pure TA so far. However fundamentals and news seems to do better job at predicting the price of a crypto.
Or Am I doing it wrong? I tried a simple RSI strategy to trade and it didn't workout well.
Should I even bother with technical analysis when it comes to cryptos?
I haven't had any success with pure TA so far. However fundamentals and news seems to do better job at predicting the price of a crypto.
Or Am I doing it wrong? I tried a simple RSI strategy to trade and it didn't workout well.
Should I even bother with technical analysis when it comes to cryptos?
No, you're right, TA actually can't help you out when it comes to serious investments and hold/sell questions. I think it might be helpful in daily trading though.
In my experience TA does not work if you want to predict a longer trend but can be useful to make entry or exit decisions. If it would be different then why did no TA expert see a correction coming last december?
Technical analysis is just like a indicator to the markwt hiw it is going to be but there is no guarantee thatbit will ever going to happen, because crypto trading is most likely an gambling so we also needs luck to make money in crypto trading.
I think so myself,you spend your time reading charts,peg your order,the next moment some news pops out of no where and your deal is toast.I think there is too much uncertainty in the market to make TA actually work.A good trader should keep his eyes fixed more on Fundamentals 
For the moment Technical analysis might not be effective enough, but surely its a important approach to make some good calls in short term trading or day to day trade in the market. For investors of long term, Fundamental analysis is good, also if you want to judge a ICO, or any altcoin, this method can be helpful to make decisions. None of the approach is bad or wrong or useless, its just for the moment, people is finding it hard to make short trading calls using TA.
Agree 👍
I think so myself,you spend your time reading charts,peg your order,the next moment some news pops out of no where and your deal is toast.I think there is too much uncertainty in the market to make TA actually work.A good trader should keep his eyes fixed more on Fundamentals
For the moment Technical analysis might not be effective enough, but surely its a important approach to make some good calls in short term trading or day to day trade in the market. For investors of long term, Fundamental analysis is good, also if you want to judge a ICO, or any altcoin, this method can be helpful to make decisions. None of the approach is bad or wrong or useless, its just for the moment, people is finding it hard to make short trading calls using TA.
I am not yet sure if TA actually works with crypto currencies.
I haven't had any success with pure TA so far. However fundamentals and news seems to do better job at predicting the price of a crypto.
Or Am I doing it wrong? I tried a simple RSI strategy to trade and it didn't workout well.
Should I even bother with technical analysis when it comes to cryptos?
I use TA in my trading, but it is not the same as on traditional markets. I spent one year to find useful patterns for some coins.I haven't had any success with pure TA so far. However fundamentals and news seems to do better job at predicting the price of a crypto.
Or Am I doing it wrong? I tried a simple RSI strategy to trade and it didn't workout well.
Should I even bother with technical analysis when it comes to cryptos?
I would argue that you will never be able to find a real pattern with 90% of the coins (maybe even more)
Most TA's floating around the forum can be interpreted in many ways, which makes using them as an indicator that much more difficult.
I am not yet sure if TA actually works with crypto currencies.
I haven't had any success with pure TA so far. However fundamentals and news seems to do better job at predicting the price of a crypto.
Or Am I doing it wrong? I tried a simple RSI strategy to trade and it didn't workout well.
Should I even bother with technical analysis when it comes to cryptos?
I use TA in my trading, but it is not the same as on traditional markets. I spent one year to find useful patterns for some coins. I haven't had any success with pure TA so far. However fundamentals and news seems to do better job at predicting the price of a crypto.
Or Am I doing it wrong? I tried a simple RSI strategy to trade and it didn't workout well.
Should I even bother with technical analysis when it comes to cryptos?
You are not doing it right that is why it may seems to you that technical analysis is not good. It supplement fundamental analysis. Depend on technical analysis along will not give you the much results needed. What the news say is a reflection of what you see on your chart.
People used to follow TA before. But now a days all fake analysts and well bribe paid analysts made the TA as a joke. I personally stopped looking TA in any market include stock, forex, crypto markets. The reason is Analysts are bought by companies to give their stocks or coins a extra hype by doing a intentionally created artificial analysis which is totally on the other side of the market.
so , TA is less and less trustworthy.
Agreed in a way, but we cannot still call it total bull shit but one way or the other find a way we can just at least make do with it to still make some decisions. You cannot be right all the time, and since we are not whales, we are just at a huge detriment relying on TA 100% of the time. It is always annoyingly funny though, but there is nothing we can do about it.so , TA is less and less trustworthy.
Without TA, you will still not be able to make any decision anyway as you cannot basically rely on fundamental analysis to trade the market only as well.
I am not yet sure if TA actually works with crypto currencies.
I haven't had any success with pure TA so far. However fundamentals and news seems to do better job at predicting the price of a crypto.
Or Am I doing it wrong? I tried a simple RSI strategy to trade and it didn't workout well.
Should I even bother with technical analysis when it comes to cryptos?
I’m not the type of person that relies on technical analysis, cause I don’t see them helpful in anyway more than what the news media has to offer. Technical analysis is being done by people who claims to be wiser than others and thinks that they can predict the future of every market. I haven't had any success with pure TA so far. However fundamentals and news seems to do better job at predicting the price of a crypto.
Or Am I doing it wrong? I tried a simple RSI strategy to trade and it didn't workout well.
Should I even bother with technical analysis when it comes to cryptos?
Many times I have tried it, it failed me. So if you ask me, TA is a total BS! Unless maybe I was relaying on the wrong ones. But I wouldn’t be going for it anymore.
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