Is Technical Analysis Bullshit or Not? - page 4.

shoreno

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Quote from: ?? on ??

the technical analysis that you do or that is done from all the exchange platforms or groups is not too bullshit indeed only all predictions are not 100% accurate, technical analysis is only a little help you to a little know the right position to buy and sell so you have a view which is good when you want to buy and sell coins.

yes . ta for me works like a strategy just like when i play gambling so that i have some kind of a guide to help me with my plays but again just like gambling ta or any other strats dont work 100 accurately like what you said . its easy to believe on these tools if you have been experience using it before and it help you win but for others that are new to these or never experienced to win their trade using it , they will only said that is bs or fake .

tambok

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Quote from: Omega Weapon on October 24, 2019, 08:30:52 PM

Quote from: craZyLovE0916 on October 19, 2019, 01:38:44 PM

Well experienced traders may have a slight advantage by using industry software and tools, at the end of the day the space is too competitive for most people, so consider avoiding day trading.

But how experimented traders got that way? There should have been a time in which they had no access to those tools and in which they were newbies, so you cannot explain their success in that way, what they did that most investors do not do is to have a very clear idea about how to trade the markets and if things went wrong then they kept thinking about it until they got it right, and the market is not as competitive as you may think since there are very few professional traders if you compare it to the stock market.

Most of the time, technical analysis is a way tool for whales to manipulate the price, they are giving fake signals for their own benefit, so let's not trust and rely them too, unless your friend of from a family member, always remember that you should not trust much in crypto, you should trust yourself alone.

Omega Weapon

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Quote from: craZyLovE0916 on October 19, 2019, 01:38:44 PM

Well experienced traders may have a slight advantage by using industry software and tools, at the end of the day the space is too competitive for most people, so consider avoiding day trading.

But how experimented traders got that way? There should have been a time in which they had no access to those tools and in which they were newbies, so you cannot explain their success in that way, what they did that most investors do not do is to have a very clear idea about how to trade the markets and if things went wrong then they kept thinking about it until they got it right, and the market is not as competitive as you may think since there are very few professional traders if you compare it to the stock market.

Edraket31

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Quote from: biddicoin on October 19, 2019, 03:14:41 PM

Quote from: ufaiz50 on October 18, 2019, 10:55:28 AM

I think technical analysis is sometimes bullshi and sometimes not, many traders are profitable because of technical analysis, there are also traders who lose due to technical analysis. In trading at least technical analysis can help you where you need to make a buy order. Regardless of how well you make technical analysis, cryptocurrency is volatile, there is still a possibility that your technical analysis moves against market values.

even when technical analysis goes wrong way, it doesnt mean bullshit. many technical analysis book/ article said that it is just tool to help. not saying 100% right
in technical anlysis also teaches about stoploss, how/when we must set stop loss when we goes wrong way, so we never get big loss again because of stoploss
that's why i believe in technical anaylisis and use it to trade cryptocurrency

For me it depends, if the one you are basing at is honest and reliable, so you can check their analysis just, but it should be not your basis at all, since doing your own research, making your own technical analysis should be better, don't rely on other people, don't make decisions because they said it, as market and people can do anything to manipulate your mind.

biddicoin

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Quote from: ufaiz50 on October 18, 2019, 10:55:28 AM

I think technical analysis is sometimes bullshi and sometimes not, many traders are profitable because of technical analysis, there are also traders who lose due to technical analysis. In trading at least technical analysis can help you where you need to make a buy order. Regardless of how well you make technical analysis, cryptocurrency is volatile, there is still a possibility that your technical analysis moves against market values.

even when technical analysis goes wrong way, it doesnt mean bullshit. many technical analysis book/ article said that it is just tool to help. not saying 100% right
in technical anlysis also teaches about stoploss, how/when we must set stop loss when we goes wrong way, so we never get big loss again because of stoploss
that's why i believe in technical anaylisis and use it to trade cryptocurrency

craZyLovE0916

sr. member

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Well experienced traders may have a slight advantage by using industry software and tools, at the end of the day the space is too competitive for most people, so consider avoiding day trading.

riyadmozu19

jr. member

Activity: 88

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Technical Analysis isn't Bullshit at all in the article also said about that. This is crypto trade so we can trust anyone or anything. Anything can happen in this section so we shouldn't depend on technical analysis only.

AliMan

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Quote from: Omega Weapon on October 18, 2019, 08:18:44 PM

Quote from: Colt81 on October 17, 2019, 09:34:41 AM

Quote from: Shasha80 on October 17, 2019, 12:16:53 AM

Never say technical analysis bullshit, if there is someone to say that I don't think he is have studied trading. I explain a little
about the function of this technical analysis can be for all kind of trading, not only for crypto trading. Its function is to predict
price movements, can also know the market conditions, determine the assets to be purchased, etc. I personally get a signal
trading from technical analysis that I did myself, from the part that I followed 70% of it earned profit. So it's very clear to me
technical analysis is not bullshit.

Your definitions and functions about technical analysis are precisely correct. In my own opinion, technical analysis is not bullshit because it is working and using this kind of analysis will really help you to make your trade more efficient and profitable. Honestly, It's been 2 years since i started do trading, and i always use technical analysis which is a great help in my trades. People who says technical analysis is not working are bad traders or people who can't earn from trading, that is why they say it is bull shit.

Those that say that technical analysis does not work or something similar probably had bad experiences when they tried it and now they think that if it did not work for them then it must not work for anyone, but this can be easily disproved because as we know there are traders that have been earning profits in different markets for decades and this cannot be because of luck, there must be another explanation and the most simple explanation is that technical analysis does work, you just have to learn how to use it to make money.

Initiate a simple ways and nevermind those analysis because that makes the situation more worst with respect to decisions on trading. Always look for the real time market changes, and set aside your motivations to fulfill those goals that you've been established. It might work in some ways but I don't think it will sustain along the way.

Omega Weapon

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Activity: 1092

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Quote from: Colt81 on October 17, 2019, 09:34:41 AM

Quote from: Shasha80 on October 17, 2019, 12:16:53 AM

Never say technical analysis bullshit, if there is someone to say that I don't think he is have studied trading. I explain a little
about the function of this technical analysis can be for all kind of trading, not only for crypto trading. Its function is to predict
price movements, can also know the market conditions, determine the assets to be purchased, etc. I personally get a signal
trading from technical analysis that I did myself, from the part that I followed 70% of it earned profit. So it's very clear to me
technical analysis is not bullshit.

Your definitions and functions about technical analysis are precisely correct. In my own opinion, technical analysis is not bullshit because it is working and using this kind of analysis will really help you to make your trade more efficient and profitable. Honestly, It's been 2 years since i started do trading, and i always use technical analysis which is a great help in my trades. People who says technical analysis is not working are bad traders or people who can't earn from trading, that is why they say it is bull shit.

Those that say that technical analysis does not work or something similar probably had bad experiences when they tried it and now they think that if it did not work for them then it must not work for anyone, but this can be easily disproved because as we know there are traders that have been earning profits in different markets for decades and this cannot be because of luck, there must be another explanation and the most simple explanation is that technical analysis does work, you just have to learn how to use it to make money.

ashmodeus

hero member

Activity: 1638

Merit: 518

i believe on somewhere over there,professional traders or even big whales have some analyst,to make some speculation ,make summaries to make action,etc.
because this would make no sense if he moves according to his own wishes,the market tends to go down, then accompanied by a few increases,I believe such movements because analysts are involved in it.
but well, it depend how u think now, for me , analysts is real.

Sahyadri

sr. member

Activity: 744

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I have been trading for a year now. I can say it with surety that yes, technical analysis is really beneficial in crypto currencies. Cryptos are relatively new than other traditional investment asset where usually a combination of TA and FA works. Cryptos are not that mainstream that FA can be relied upon. You can only take help of TA to make trading decisions which could be effective if done wisely. TA is really helpful in entering the short term trade and staying away from the market in case of sideways movements.

strunberg

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#SWGT PRE-SALE IS LIVE

Quote from: MURONDI on October 18, 2019, 02:15:33 AM

Professional traders really need analysis before entering the market, but not all traders need technical analysis, some rely on fundamental analysis, so for some people technical analysis is very helpful, I myself prefer to rely on technical analysis before entering the market.

it depend on their character.some people feel comfort using fundamentall or technical analisys.but if we combine these analisys we will get best result ever.in technical we will get best place to entry or exit, and by fundamental we know what news that be trigger for price movement.most of trader prefer technical analisys to support their trade.they think its easiest way to learnt.

ufaiz50

hero member

Activity: 1666

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I think technical analysis is sometimes bullshi and sometimes not, many traders are profitable because of technical analysis, there are also traders who lose due to technical analysis. In trading at least technical analysis can help you where you need to make a buy order. Regardless of how well you make technical analysis, cryptocurrency is volatile, there is still a possibility that your technical analysis moves against market values.

Apened

hero member

Activity: 1386

Merit: 504

Quote from: MURONDI on October 18, 2019, 02:15:33 AM

Professional traders really need analysis before entering the market, but not all traders need technical analysis, some rely on fundamental analysis, so for some people technical analysis is very helpful, I myself prefer to rely on technical analysis before entering the market.

Yes, professionals always do need a analysis. There's a big difference between traders and an investor who uses different kind of analysis like others are in Fundamental side only which is for investors and the other hand are on the technical side. We have to know its big difference evrye trader and investors should so they have nothing to argue with.

anastasia tsoy

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MURONDI

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Professional traders really need analysis before entering the market, but not all traders need technical analysis, some rely on fundamental analysis, so for some people technical analysis is very helpful, I myself prefer to rely on technical analysis before entering the market.

huige007

sr. member

Activity: 889

Merit: 253

Quote from: Colt81 on October 17, 2019, 09:34:41 AM

Quote from: Shasha80 on October 17, 2019, 12:16:53 AM

Never say technical analysis bullshit, if there is someone to say that I don't think he is have studied trading. I explain a little
about the function of this technical analysis can be for all kind of trading, not only for crypto trading. Its function is to predict
price movements, can also know the market conditions, determine the assets to be purchased, etc. I personally get a signal
trading from technical analysis that I did myself, from the part that I followed 70% of it earned profit. So it's very clear to me
technical analysis is not bullshit.

Your definitions and functions about technical analysis are precisely correct. In my own opinion, technical analysis is not bullshit because it is working and using this kind of analysis will really help you to make your trade more efficient and profitable. Honestly, It's been 2 years since i started do trading, and i always use technical analysis which is a great help in my trades. People who says technical analysis is not working are bad traders or people who can't earn from trading, that is why they say it is bull shit.

I agree with you. Technical analysis can provide some good information that can help a trader to make right decision at right time. These analysis are based upon past data and have some reality in them too. Still if someone thinks that such tools are enough to become a successful leader in this field, he is wrong and should try to depend on his knowledge and intuitions too. Never make a move without thinking about it.

Apened

hero member

Activity: 1386

Merit: 504

Quote from: Colt81 on October 17, 2019, 09:34:41 AM

Quote from: Shasha80 on October 17, 2019, 12:16:53 AM

Never say technical analysis bullshit, if there is someone to say that I don't think he is have studied trading. I explain a little
about the function of this technical analysis can be for all kind of trading, not only for crypto trading. Its function is to predict
price movements, can also know the market conditions, determine the assets to be purchased, etc. I personally get a signal
trading from technical analysis that I did myself, from the part that I followed 70% of it earned profit. So it's very clear to me
technical analysis is not bullshit.

Your definitions and functions about technical analysis are precisely correct. In my own opinion, technical analysis is not bullshit because it is working and using this kind of analysis will really help you to make your trade more efficient and profitable. Honestly, It's been 2 years since i started do trading, and i always use technical analysis which is a great help in my trades. People who says technical analysis is not working are bad traders or people who can't earn from trading, that is why they say it is bull shit.

Its definitely varies from one person to another person because we don't know what they've experience in trading and if they earn or loss. They have to accept the fact that there are traders who is making good gains by using technical analysis and also some other are losing money not because of technical analysis but more in the way they trade. Technical analysis is really working for those who knows how to read charts, and more importantly is to manage their trades from time to time.

Colt81

sr. member

Activity: 630

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Quote from: Shasha80 on October 17, 2019, 12:16:53 AM

Never say technical analysis bullshit, if there is someone to say that I don't think he is have studied trading. I explain a little
about the function of this technical analysis can be for all kind of trading, not only for crypto trading. Its function is to predict
price movements, can also know the market conditions, determine the assets to be purchased, etc. I personally get a signal
trading from technical analysis that I did myself, from the part that I followed 70% of it earned profit. So it's very clear to me
technical analysis is not bullshit.

Your definitions and functions about technical analysis are precisely correct. In my own opinion, technical analysis is not bullshit because it is working and using this kind of analysis will really help you to make your trade more efficient and profitable. Honestly, It's been 2 years since i started do trading, and i always use technical analysis which is a great help in my trades. People who says technical analysis is not working are bad traders or people who can't earn from trading, that is why they say it is bull shit.

Shasha80

sr. member

Activity: 1876

Merit: 318

Never say technical analysis bullshit, if there is someone to say that I don't think he is have studied trading. I explain a little
about the function of this technical analysis can be for all kind of trading, not only for crypto trading. Its function is to predict
price movements, can also know the market conditions, determine the assets to be purchased, etc. I personally get a signal
trading from technical analysis that I did myself, from the part that I followed 70% of it earned profit. So it's very clear to me
technical analysis is not bullshit.

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