If you know how to use and interprete data technical analysis could be very useful. Many traders use it as guidlines and to better understand the market. However, when making decisions you can't rely only on technical analisys and it will not do the work instead of you. So, like everything else it's just a tool that might be helpful but can't replace your own skills.
Topic: Is Technical Analysis Bullshit or Not? (Read 1944 times)
It is obvious that there are going to be many people that are going to say that technical analysis does not work, this is similar to all of those people that complain about a particular diet that they followed and which did not gave to them the results that they were expecting, if you do it right then you are going to obtain results.
But many people never take the time to learn enough about technical analysis and how to put together a coherent strategy, so it is obvious they are never going to succeed using technical analysis.
The actual problem there are so many people out there claiming to be an expert analyst or trading expert giving away their "technical analyzation" regarding the market and what decision should be taken and turns out to be a big fat bullshit afterward. Those people are the reason people call that TA is kinda bullshit meanwhile there are indeed some legit TA out there or can even be done by ourselves if done right but that given fact that I mentioned kinda ruin the whole reputation of this Technical Analysis. Can't really blame both sides if the one that causes the problem aren't them.But many people never take the time to learn enough about technical analysis and how to put together a coherent strategy, so it is obvious they are never going to succeed using technical analysis.
So the first question that comes to my mind when I see the technical analysis made by a trader is, how many profits this trader has generated with his methodology? If I cannot find anything substantial about it I just ignore his advice.
In trading, we need technical analysis because without technical analysis, it is impossible for us, every trader will research a lot through charts based on the technical analysis. Even though they see downtrend, but definitely it will surely recover when the market starts recovering.
Technical analysis is really necessary and very important in making a profit because without the knowledge, it will be very difficult for you to profit from this market. I always learn a lot on the internet or youtube because these are places that help me a lot and have a lot of interesting sharing. Of course, from that knowledge, I have made a lot of profits and kept calm when the market turned red. 
definitely the technical analysis is very useful. In crypto market we have to use all available options. people can use technical analysis (create one's own strategy), one can use fundamental analysis (also one can create one's own strategy), people must use all options. Of course I usually disagree with these forecasts of $100,000 or $500,000 for next year, because I question the method they used to come to the conclusion that price will reach $100,000 or $500,000 next year.
In trading, we need technical analysis because without technical analysis, it is impossible for us, every trader will research a lot through charts based on the technical analysis. Even though they see downtrend, but definitely it will surely recover when the market starts recovering.
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You will never know if technical analysis is bullshiy or not unless you used it and gained profits from it. To those who dont believe in it, they may have another way to analyse whats happening to the coin.
Or they just really don’t know what’s Technical Analysis all about. Its easy to say shit to those things that we don’t understand but the moment when you start learning, they make you realize that you’re wrong. TA is great to all traders, its the best tool for them but of course its not perfect which is normal on a volatile market.Technical analysis is always the advantage for you in the market. It is never a disadvantage whenever you apply it in your bitcoin price observation. Technical Analysis helps each and every trader around the globe and some of them is successful now because of it.
Know first before making a negative statement about something. Don't just make a conclusion about the things that you don't understand.
Anyway, I know how to analyze this market and not have to worry too much about buying or investing in the short term.
You will never know if technical analysis is bullshiy or not unless you used it and gained profits from it. To those who dont believe in it, they may have another way to analyse whats happening to the coin.
Or they just really don’t know what’s Technical Analysis all about. Its easy to say shit to those things that we don’t understand but the moment when you start learning, they make you realize that you’re wrong. TA is great to all traders, its the best tool for them but of course its not perfect which is normal on a volatile market.Technical analysis is always the advantage for you in the market. It is never a disadvantage whenever you apply it in your bitcoin price observation. Technical Analysis helps each and every trader around the globe and some of them is successful now because of it.
Know first before making a negative statement about something. Don't just make a conclusion about the things that you don't understand.
Anyway, I know how to analyze this market and not have to worry too much about buying or investing in the short term.
obviously the pro traders use technical analysis as a tool and to determine their targets, and also as a guide for when to buy and sell the right one. because pro traders don't want to trade like gambling just guessing.
Even gamblers nowadays are not just guessing what color or what number will show up, they also use probability, they count what card already showed up, how many times the number showed up or what color showed up already. Its the same with trading, you cant just rely on wild guess unless your plan is to lose money in 60 seconds.Not exactly,TA is more important for a short and mid term crypto trader if they are doing it more often because we need to get an idea then only we can make a decision about making trades.
obviously the pro traders use technical analysis as a tool and to determine their targets, and also as a guide for when to buy and sell the right one. because pro traders don't want to trade like gambling just guessing.
Even gamblers nowadays are not just guessing what color or what number will show up, they also use probability, they count what card already showed up, how many times the number showed up or what color showed up already. Its the same with trading, you cant just rely on wild guess unless your plan is to lose money in 60 seconds.Not exactly,TA is more important for a short and mid term crypto trader if they are doing it more often because we need to get an idea then only we can make a decision about making trades.
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obviously the pro traders use technical analysis as a tool and to determine their targets, and also as a guide for when to buy and sell the right one. because pro traders don't want to trade like gambling just guessing.
Even gamblers nowadays are not just guessing what color or what number will show up, they also use probability, they count what card already showed up, how many times the number showed up or what color showed up already. Its the same with trading, you cant just rely on wild guess unless your plan is to lose money in 60 seconds.Can't blame them. Price actions most of the time rely on what's happening outside the trading arena. I guess it depends on what kind of trader you are. Some traders are pretty efficient in reading TAs without even trying. Some are good with reacting to current events and forecasts. So i wouldn't really call bullshit on TAs. Works for certain kind of people.
Crypto market is base on volatility and for a crypto trader to flourish she must also think like the whales cause the whales and the arbitrage trader are the major player of crypto market.
obviously the pro traders use technical analysis as a tool and to determine their targets, and also as a guide for when to buy and sell the right one. because pro traders don't want to trade like gambling just guessing.
Even gamblers nowadays are not just guessing what color or what number will show up, they also use probability, they count what card already showed up, how many times the number showed up or what color showed up already. Its the same with trading, you cant just rely on wild guess unless your plan is to lose money in 60 seconds.Can't blame them. Price actions most of the time rely on what's happening outside the trading arena. I guess it depends on what kind of trader you are. Some traders are pretty efficient in reading TAs without even trying. Some are good with reacting to current events and forecasts. So i wouldn't really call bullshit on TAs. Works for certain kind of people.
obviously the pro traders use technical analysis as a tool and to determine their targets, and also as a guide for when to buy and sell the right one. because pro traders don't want to trade like gambling just guessing.
Even gamblers nowadays are not just guessing what color or what number will show up, they also use probability, they count what card already showed up, how many times the number showed up or what color showed up already. Its the same with trading, you cant just rely on wild guess unless your plan is to lose money in 60 seconds.Can't blame them. Price actions most of the time rely on what's happening outside the trading arena. I guess it depends on what kind of trader you are. Some traders are pretty efficient in reading TAs without even trying. Some are good with reacting to current events and forecasts. So i wouldn't really call bullshit on TAs. Works for certain kind of people.
obviously the pro traders use technical analysis as a tool and to determine their targets, and also as a guide for when to buy and sell the right one. because pro traders don't want to trade like gambling just guessing.
Even gamblers nowadays are not just guessing what color or what number will show up, they also use probability, they count what card already showed up, how many times the number showed up or what color showed up already. Its the same with trading, you cant just rely on wild guess unless your plan is to lose money in 60 seconds.obviously the pro traders use technical analysis as a tool and to determine their targets, and also as a guide for when to buy and sell the right one. because pro traders don't want to trade like gambling just guessing.
Even gamblers nowadays are not just guessing what color or what number will show up, they also use probability, they count what card already showed up, how many times the number showed up or what color showed up already. Its the same with trading, you cant just rely on wild guess unless your plan is to lose money in 60 seconds. 
You will never know if technical analysis is bullshiy or not unless you used it and gained profits from it. To those who dont believe in it, they may have another way to analyse whats happening to the coin.
Or they just really don’t know what’s Technical Analysis all about. Its easy to say shit to those things that we don’t understand but the moment when you start learning, they make you realize that you’re wrong. TA is great to all traders, its the best tool for them but of course its not perfect which is normal on a volatile market.Technical analysis is always the advantage for you in the market. It is never a disadvantage whenever you apply it in your bitcoin price observation. Technical Analysis helps each and every trader around the globe and some of them is successful now because of it.
Know first before making a negative statement about something. Don't just make a conclusion about the things that you don't understand.
maybe in some other it doesn't work or it is just nothing but for us who understand how technical analysis works and helps every trader to have a successful trade thats the main thing and reason why they keep on making profits and becoming a pro trader. Every successful trader i think knows and applies technical analysis.
obviously the pro traders use technical analysis as a tool and to determine their targets, and also as a guide for when to buy and sell the right one. because pro traders don't want to trade like gambling just guessing. maybe in some other it doesn't work or it is just nothing but for us who understand how technical analysis works and helps every trader to have a successful trade thats the main thing and reason why they keep on making profits and becoming a pro trader. Every successful trader i think knows and applies technical analysis.
obviously the pro traders use technical analysis as a tool and to determine their targets, and also as a guide for when to buy and sell the right one. because pro traders don't want to trade like gambling just guessing. 
The actual problem there are so many people out there claiming to be an expert analyst or trading expert giving away their "technical analyzation" regarding the market and what decision should be taken and turns out to be a big fat bullshit afterward. Those people are the reason people call that TA is kinda bullshit meanwhile there are indeed some legit TA out there or can even be done by ourselves if done right but that given fact that I mentioned kinda ruin the whole reputation of this Technical Analysis. Can't really blame both sides if the one that causes the problem aren't them
But does it really matter?
Well, it does indeed, though not necessarily in the way you describe it in your post. What I mean is that it all ultimately comes down to whether it (in this case TA) helps you earn dough or not. This is what counts in the end, at least as far as profits are concerned (forum discussions, debates, and fights aside)
My point is, if people say that something like TA doesn't work while it does (for you personally, or in general), why would you give a slightest fuck about their opinion to the contrary? In fact, you should be happy when they say such things as there will be less competition for you, right?
You will never know if technical analysis is bullshiy or not unless you used it and gained profits from it. To those who dont believe in it, they may have another way to analyse whats happening to the coin.
Or they just really don’t know what’s Technical Analysis all about. Its easy to say shit to those things that we don’t understand but the moment when you start learning, they make you realize that you’re wrong. TA is great to all traders, its the best tool for them but of course its not perfect which is normal on a volatile market.Technical analysis is always the advantage for you in the market. It is never a disadvantage whenever you apply it in your bitcoin price observation. Technical Analysis helps each and every trader around the globe and some of them is successful now because of it.
Know first before making a negative statement about something. Don't just make a conclusion about the things that you don't understand.
You will never know if technical analysis is bullshiy or not unless you used it and gained profits from it. To those who dont believe in it, they may have another way to analyse whats happening to the coin.
Or they just really don’t know what’s Technical Analysis all about. Its easy to say shit to those things that we don’t understand but the moment when you start learning, they make you realize that you’re wrong. TA is great to all traders, its the best tool for them but of course its not perfect which is normal on a volatile market.Technical analysis is always the advantage for you in the market. It is never a disadvantage whenever you apply it in your bitcoin price observation. Technical Analysis helps each and every trader around the globe and some of them is successful now because of it.
Know first before making a negative statement about something. Don't just make a conclusion about the things that you don't understand.
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