In my opinion technical analysis is just a fancy name for good-old guessing.
At the end of the day it all ends up with ordinary guess of the direction the trend is moving, nothing more.
Colourful graphs, slick charts and elaborated lines are exactly what their name suggests they are.
The king is naked, you can't predict the future accurately regardless of how much mathematical science you use, mostly because the future is not predetermined and stuff can go in unexpected direction any moment. There are to damn many factors.
Well-educated-guess but still a guess, nothing more.
Topic: Is Technical Analysis Bullshit or Not? - page 6. (Read 1918 times)
Technical analysis is based on historic trends. Cryptocurrencies isn't old enough and has historic data that TA can become actually effective. But if you're trading short term, you will notice TA actually is effective. You can't predict sudden trend change, but can gain on trend continuation but only in short term. FA isn't really fruitful in crypto trading. Therefore, TA is something you can rely on.
Technical analysis works to most traders, if its ineffective then they should have stop doing it long time ago. Only we can call it useless if it don't make sense or baseless, I find it useful because it is applied in stock trading and now on crypto trading too. Though its not accurate but it gives you an idea of market scenario.
The market can be better analyzed using Technical analysis in combination to Fundamental Analysis. You can spot trends early if your Technical analysis correlates with upcoming news. We've seen fundamental analysis coming through in different occasions. Even technical analysis. But when combined, It goes a long way and can be great tools in every traders toolbox.
Most people can bullshit TA as much as they want but history has always repeated itself. And thanks to it, You don't get to leave money on the table.
Most people can bullshit TA as much as they want but history has always repeated itself. And thanks to it, You don't get to leave money on the table.
Technical analysis is very important for a trader to make profits because without knowledge about trading analysis sometimes it is impossible for us to make profits. The technical aspect is majorly important to guess the value of the coin we choose for investing.
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 is ver useful in order to have idea where the price will go. It is not a bullshit, it is a matter of fact that technical analysis is very useful. It requires effort for us to understand technical analysis. 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
While i agree with you, technical analysis can only go as far as giving you the advantage of trading based on historical trends. However, when it comes to crypto it is so easy for technicals to go out the window because of all the volatility.
If you want to be successful in crypto trading whats important is to make use of all your senses and make sure that you look at technicals as well as news tabloids. "Buy the rumor sell the news."
Keep in mind that technical analysis is only predictive, nothing is 100% correct. So far using technical analysis makes you understand that the highest possibility is only 80% of the truth of the price value, almost the same as the trend prediction formula using price history. 100 percent trust in predictions without making analysis or other strategies is a reckless act for traders and investors.
Halving prediction in 2020? considering the technical analysis used to predict halving that will occur in 2020. He uses technical analysis where the pattern is almost the same as the historical value, here the analysis is not bullshit, technical analysis is not just making lines on the graph.
Halving prediction in 2020? considering the technical analysis used to predict halving that will occur in 2020. He uses technical analysis where the pattern is almost the same as the historical value, here the analysis is not bullshit, technical analysis is not just making lines on the graph.
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.
Those inviduals that are in doubt is simply because they lose money during their investments in which they might relying too much in a TA with a positive approach. They don't think that TA is just a tool for our trading and investment reference so that we could come up with our own analysis before investing to a certain commodity.
For TA applications you must understand in which borders it works. Any MA, EMA, BB and the same don't move price. It's historical facts and nothing more. And where the price will move later don't know anybody. But!! We can define direction with quite good accuracy by VSA or other cluster analyses. Learn engine - bid/ask balance. And TA as an instrument for enter/exit definitions
technical indicators sometime show fake signal or repaint.but usage of any moving average will help us to identify the trend.we know basic trading rule was make trend as our friend.so personally i am prefer to use moving average indicator that combine with supply and demand technique or support resistance analisys.it will work better than other strategy.
For TA applications you must understand in which borders it works. Any MA, EMA, BB and the same don't move price. It's historical facts and nothing more. And where the price will move later don't know anybody. But!! We can define direction with quite good accuracy by VSA or other cluster analyses. Learn engine - bid/ask balance. And TA as an instrument for enter/exit definitions
There are three types of market analysis to predict the market.
1. Fundamental Analysis
2. Sentimental Analysis
3.Technical Analysis.
I am not going to elaborate each of these analysis here but the most commonly use to predict any financial market is Technical Analysis. It includes to study chart patterns, candles, trends and Pivots etc and this is the most simple and common way to take and exit the trades. Many of the traders earn money trading market with tech analysis.I think someone understanding it can't call it bullshit analysis.
People who do call technical bullshit is to those people who don't able to make money using up these methods.There's no such thing of bullshit analysis if we do know on how to use it but somehow no analysis can give you precise results that's why you should put up to your mind that mistakes or losses are inevitable.1. Fundamental Analysis
2. Sentimental Analysis
3.Technical Analysis.
I am not going to elaborate each of these analysis here but the most commonly use to predict any financial market is Technical Analysis. It includes to study chart patterns, candles, trends and Pivots etc and this is the most simple and common way to take and exit the trades. Many of the traders earn money trading market with tech analysis.I think someone understanding it can't call it bullshit analysis.
I'm not really that technical analysis fan but I do make or use some MA and trend lines anytime I do make a trade.
There was a time when i did not pay attention to the TA. But still i wanted my trade to be perfect. This did not happen and i lost big money in trading. Later i learnt technical analysis and then restarted the trading. I do not say that i started getting good profits but i do know the trends of the markets are driven through TA.
There are three types of market analysis to predict the market.
1. Fundamental Analysis
2. Sentimental Analysis
3.Technical Analysis.
I am not going to elaborate each of these analysis here but the most commonly use to predict any financial market is Technical Analysis. It includes to study chart patterns, candles, trends and Pivots etc and this is the most simple and common way to take and exit the trades. Many of the traders earn money trading market with tech analysis.I think someone understanding it can't call it bullshit analysis.
People who do call technical bullshit is to those people who don't able to make money using up these methods.There's no such thing of bullshit analysis if we do know on how to use it but somehow no analysis can give you precise results that's why you should put up to your mind that mistakes or losses are inevitable.1. Fundamental Analysis
2. Sentimental Analysis
3.Technical Analysis.
I am not going to elaborate each of these analysis here but the most commonly use to predict any financial market is Technical Analysis. It includes to study chart patterns, candles, trends and Pivots etc and this is the most simple and common way to take and exit the trades. Many of the traders earn money trading market with tech analysis.I think someone understanding it can't call it bullshit analysis.
I'm not really that technical analysis fan but I do make or use some MA and trend lines anytime I do make a trade.
If we know how this Technical Analysis works for us greatly, we could say that it is helpful but if we don't get it even spending years into this or it something never works for us in our trading life, that would be bullshit.
Depending on our own appreciation, others say NOT while the others say YES. By doing it on our own, we can tell the conclusion and its importance.
Depending on our own appreciation, others say NOT while the others say YES. By doing it on our own, we can tell the conclusion and its importance.
Lol, why would you say technical analysis of the crypto market is bullshit. It's just like the prediction of forex and exchange currencies by businessmen. There could be some short falls at some point in time but that does not nullify the knowledge given in those analysis. What you really need to understand is that all these are predictions based on something, that's why is always advisable to do your own research even after reading all these analysis before investing.
There are three types of market analysis to predict the market.
1. Fundamental Analysis
2. Sentimental Analysis
3.Technical Analysis.
I am not going to elaborate each of these analysis here but the most commonly use to predict any financial market is Technical Analysis. It includes to study chart patterns, candles, trends and Pivots etc and this is the most simple and common way to take and exit the trades. Many of the traders earn money trading market with tech analysis.I think someone understanding it can't call it bullshit analysis.
1. Fundamental Analysis
2. Sentimental Analysis
3.Technical Analysis.
I am not going to elaborate each of these analysis here but the most commonly use to predict any financial market is Technical Analysis. It includes to study chart patterns, candles, trends and Pivots etc and this is the most simple and common way to take and exit the trades. Many of the traders earn money trading market with tech analysis.I think someone understanding it can't call it bullshit analysis.
Technical analysis is a helpful tool to minimize the risks of the short term trades, but it is not enough though, nor really helpful for the long term trades. The technical analysis is a tool helping traders to read and analyze the charts, but it is not 100% accurate and you have to decide for yourself before completing the trade, not to depend only on the TA.
Technical analysis isn't bullshit. You know, every trading system can be based on analysis. Although you trade with volumes or other patterns, tech analysis is needed and can be a tool to maximize your profit and level up your trading. Speaking about technical analysis I would study it to implement in your trading system. Think about it, mate!
It's adding the full potentials of profits when you are placing your position. Having a good knowledge regarding to technical analysis gives many grounds of finding the right decision inside your trading activities. If you do have proper training and you have a good glimpse with how market will proceed, using technical analysis you can get the full benefits as you will wait and not to rush since you have idea what will the market brings to you. 
Technical analysis isn't bullshit. You know, every trading system can be based on analysis. Although you trade with volumes or other patterns, tech analysis is needed and can be a tool to maximize your profit and level up your trading. Speaking about technical analysis I would study it to implement in your trading system. Think about it, mate!
Technical analysis of crypto trading can be helpful for the people who are trading very often but it is not going to be useful for the long-term traders in my opinion. And also don't depend too much under technical analysis because when there is a manipulation then your technical analysis will have no effect so you will lose your your profit or even capital.
My suggestion will be fundamental analysis is more important for trader to make profit then only we have to go for technical analysis to practice more strategies.
My suggestion will be fundamental analysis is more important for trader to make profit then only we have to go for technical analysis to practice more strategies.
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