The article has told a lot about technical analyst and why there is some people who consider that TA is bull shit. The simple reaction is for those people who says TA is bullshit is because they didn't know it. And I don't think if there is someone who intend to start become a trader and he didn't learn TA before he will be comfortable to stay long in the market.
I believe most of new trader who lost a lot of money through trading because he didn't know TA firstly. He just came was because HYPE or he knows the price will be up based on some news and he bought it, but the price coin meet a decrease price seems like it was a correction but he took to sold it and out with a huge loses. But I'll bet if there is someone who intend to trade and he has know about TA they will stay long here. Because he will know when the price up and down and just correction only.
Topic: Is Technical Analysis Bullshit or Not? - page 12. (Read 1944 times)
TA can give you an edge over other traders, but as others here have mentioned, things don't always pan out as you expect. It's still better than doing nothing in most cases, though, and if you're applying it well, your TA will pay off.
You also shouldn't solely be using TA while trading; having at least some sort of plan for risk management is a very good idea because even the best traders sometimes get into losing streaks. Having something in place to mitigate losses during these streaks can be the difference between massive drawdown and just a small loss.
You also shouldn't solely be using TA while trading; having at least some sort of plan for risk management is a very good idea because even the best traders sometimes get into losing streaks. Having something in place to mitigate losses during these streaks can be the difference between massive drawdown and just a small loss.
I have read the full article, it explains well what is actually a Technical analysis. If one trader is really serious about getting profits by using technical analysis, he/she will gonna spend time learning all the basics and all the necessary knowledge like charts, candles, prices, etc. Like me, I never stop learning TA.
Though it is hard to understand but there are still many ways on how we slowly perceive anything we want to learn. It is not 100% instantly working but it is surely a great help to my tradings.
Though it is hard to understand but there are still many ways on how we slowly perceive anything we want to learn. It is not 100% instantly working but it is surely a great help to my tradings.
Your just a newbie and no wondered why putting this topic here it is because you don't have a idea about technical analysis. You're not an empty cup dude. Because TA is one of the reason why some of the traders became successful and get profit in any trading platform. But I cannot say it is the key because if your analysis is wrong it could turn your capital to be loss but if it is right you could earn good as well.
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.
You will never know if technical analysis is bullshit or not, unless you used it and gained profits from it. To those who don't believe in it, they may have another way to analyze whats happening to the coin and gain profit but its the same thing, they are just using their own way of analyzing the movement of the price.
I would rather buy a coin based on technical analysis rather than base it on hunch or just emotions like fomo. If you are not familiar with using technical analysis, there's no harm in asking someone to help you out. There are free seminars and and free webminars that will introduce you to technical analysis.
I would rather buy a coin based on technical analysis rather than base it on hunch or just emotions like fomo. If you are not familiar with using technical analysis, there's no harm in asking someone to help you out. There are free seminars and and free webminars that will introduce you to technical analysis.
Technical analysis is not a tool to increase a trader's winning rate. Using it will show some possible scenarios that may happen based on the activities established in a given timeframe.
Yes, no doubt that most analysis, even how well-detailed is it, bound to fail especially in the volatile world of crypto as unexpected events can spoil a certain trend anytime. However, using TA's as one of the references in making the next strategy does really help because it's not like that you will bet on something that is not properly backed up. Way better than relying on a random instinct.
We can't hide the fact that there are people who make TAs to deceived people who aren't familiar with chart lines. These are common in trading group signals and pump and dump groups.
Honestly, as for me, I'm not really relying much on chart readings especially at altcoins. I have my own way.
Technical analysis if it needs to be done so that you can correctly evaluate the market to perform your movements, obviously you must also rely on a fundamental analysis to reinforce the technical analysis but it is true that you must use it almost compulsorily to be favored with the investments you want to make, Otherwise your winnings will be very large.
I get it, people who try to apply TA but fail, always come out and say how hard it sucks, while those who successfully apply TA are silent and just move on to the next trade. Considering that most people lose with trading, it's not surprising that you see a lot of people complain about how TA isn't working. People still have to figure out that TA is more than just following moving averages.
In the end, if TA was bs, markets in general wouldn't be dominated by algorithms as they are today. Crypto is no difference.
In the end, if TA was bs, markets in general wouldn't be dominated by algorithms as they are today. Crypto is no difference.
Interesting post (great for beginners) detailing 3 premises to understand what technical analysis is and how the crypto market works
First and foremost we need to remember that the market is fairly new and we do not have enough data to come up with an accurate technical analysis, all we have is the limited data we have and everyone in the market is expecting the market to rally after the halving is because they have seen those spikes in the market in the past when ever there was a halving, to have a decent analysis you need to have a much bigger data.
Technical analysis works self-proclaimed "technical analysis experts" or "pro traders" doesn't. Simply because the ones you are following are not predicting where the cryptocurrencies are going or they aren't accurate on what they saying makes technical analysis crap. If technical analysis is bullshit then we cannot ignore the fact why TA has been used for a long time now on different markets. If doesn't mean that if technical analysis is not working for you means its not working for everyone. Why not try to really understand it and try to use it on your trades before to even say that its bullshit.
Interesting post (great for beginners) detailing 3 premises to understand what technical analysis is and how the crypto market works https://www.publish0x.com/crypto-chart-wizard/technical-analysis-bullshit-or-not-xlzvwm
Technical analysis are bullshit? Definitely not a suitable thing for it to be called out.People who do call this way are those people who do fail up on using it.Yes,there were no precise tools to predict the market but using up some TA is much more better than trading without any basis at all or simply blind trading.
Its just a matter on how you do make analysis on the TA you had made.
Some of them still have a doubt about it maybe they aren't that good in using TA after all or didn't try it yet.
Using TA and/or FA is the only way traders can get the closest price prediction in the chart.
Without it, it's like you are running blind in the street.
Using TA and/or FA is the only way traders can get the closest price prediction in the chart.
Without it, it's like you are running blind in the street.
If TA is bullshit then we will not have tradingview. 
The problem is that as crypto blossoms and so are a lot of so called experts in TA. Lots of members posting their TA here, but do they really back it up?
For me it's not bullshit, I still remember some TA way back then in 2017, wherein it predicted the down trend as a result of China's U-turn or FUD against bitcoin and Jamie Dimon's subsequent attack. Weeks prior, she's been telling that thru TA the price will experience a massive downtrend without the news that time. Everyone was laughing at her, but as soon as the price tanks, everyone took her seriously.
The problem is that as crypto blossoms and so are a lot of so called experts in TA. Lots of members posting their TA here, but do they really back it up?
For me it's not bullshit, I still remember some TA way back then in 2017, wherein it predicted the down trend as a result of China's U-turn or FUD against bitcoin and Jamie Dimon's subsequent attack. Weeks prior, she's been telling that thru TA the price will experience a massive downtrend without the news that time. Everyone was laughing at her, but as soon as the price tanks, everyone took her seriously.
Yes, it is (for me). Even Warren buffet didn't ever used technical analysis but used fundamental instead. Here is one of his thought about technical analysis
In technical analysis you only predict on what price it will go and down. If the price goes like you predicted, it doesn't mean you mastered in technical analysis, it's only just because your prediction is correct.
Quote
Buffett has said he “realised that technical analysis didn’t work when I turned the chart upside down and didn’t get a different answer”
referenceQuote
In technical analysis you only predict on what price it will go and down. If the price goes like you predicted, it doesn't mean you mastered in technical analysis, it's only just because your prediction is correct.
I think that people call technical analysis bullshit because of how many clowns we have on social media that do hillbilly technical analysis just for the sake of creating content. Newbies as ignorant as they are then believe technical analysis in general is not working, while in reality they have been following the wrong people.
I tend to follow Krown Crypto's videos because they are highly informative and he actually shows you the positions he has open. In other words, he puts his money where his mouth is, while the aforementioned clowns just talk but don't show anything, likely because of the fact that they don't believe their own nonsense. Quite sad how they mislead newbies.
At the end of the day, trading is purely a probability game. No one ever gets to make 100% right calls all the time. You win some you lose some. If you play it well, the higher probability trades will eventually result in a net gain. If you keep losing and losing then you only have yourself to blame for.
I tend to follow Krown Crypto's videos because they are highly informative and he actually shows you the positions he has open. In other words, he puts his money where his mouth is, while the aforementioned clowns just talk but don't show anything, likely because of the fact that they don't believe their own nonsense. Quite sad how they mislead newbies.
At the end of the day, trading is purely a probability game. No one ever gets to make 100% right calls all the time. You win some you lose some. If you play it well, the higher probability trades will eventually result in a net gain. If you keep losing and losing then you only have yourself to blame for.
I do not think that technical analysis is bullshit, indeed during my trading I was not fully profitable, but technical analysis is enough to help me in determining open positions. Clowns in the media are actually not a trader who masters market analysis, they are in my opinion, just a cheater under the guise of traders.
So don't blame technical analysis here, this is purely the clown's fault. And probability only exist in the people under the that clown.
https://bitcointalksearch.org/topic/i-quit-my-job-to-do-full-time-crypto-trading-made-12-btc-profit-last-month-5146383 see this thread and you can know that money can be made using technical analysis
I think that people call technical analysis bullshit because of how many clowns we have on social media that do hillbilly technical analysis just for the sake of creating content. Newbies as ignorant as they are then believe technical analysis in general is not working, while in reality they have been following the wrong people.
I tend to follow Krown Crypto's videos because they are highly informative and he actually shows you the positions he has open. In other words, he puts his money where his mouth is, while the aforementioned clowns just talk but don't show anything, likely because of the fact that they don't believe their own nonsense. Quite sad how they mislead newbies.
At the end of the day, trading is purely a probability game. No one ever gets to make 100% right calls all the time. You win some you lose some. If you play it well, the higher probability trades will eventually result in a net gain. If you keep losing and losing then you only have yourself to blame for.
I tend to follow Krown Crypto's videos because they are highly informative and he actually shows you the positions he has open. In other words, he puts his money where his mouth is, while the aforementioned clowns just talk but don't show anything, likely because of the fact that they don't believe their own nonsense. Quite sad how they mislead newbies.
At the end of the day, trading is purely a probability game. No one ever gets to make 100% right calls all the time. You win some you lose some. If you play it well, the higher probability trades will eventually result in a net gain. If you keep losing and losing then you only have yourself to blame for.
people who dont understand technical analysis say its bullshit
people who dont understand investing and trading say investing and trading is a bullshit
here is the reality none of the trading system is 100% accurate
people who understand and practice the analysis will make money , i my self making profits using technical analysis
just ask yourself how much you have learnt and practised technical analysis , dont believe in this post you will get 100s of posts saying technical analysis will work and will not work , and knowing other things on whats going on with market is also important
people who dont understand investing and trading say investing and trading is a bullshit
here is the reality none of the trading system is 100% accurate
people who understand and practice the analysis will make money , i my self making profits using technical analysis
just ask yourself how much you have learnt and practised technical analysis , dont believe in this post you will get 100s of posts saying technical analysis will work and will not work , and knowing other things on whats going on with market is also important
Interesting post (great for beginners) detailing 3 premises to understand what technical analysis is and how the crypto market works https://www.publish0x.com/crypto-chart-wizard/technical-analysis-bullshit-or-not-xlzvwm
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