No, technical analysis is not bullshit, it is one of the ways you read charts in the trading world, it is very important for you to improve your technical analysis. But don't forget to be accompanied by fundamental analysis because just relying on technical analysis only is not enough to give you maximum results.
I am just quoting you, but the response is to everyone who think that technical analysis is a good part when you are trading in the bitcoin market, the only thing you need to understand is that there is not much data you can come up with as the market is less than ten years old and you cannot come up with an accurate data when it comes to technical analysis and hence i will not trust those. 
Topic: Is Technical Analysis Bullshit or Not? - page 7. (Read 1944 times)
What can I understand about TA in trading is a probability-based on mathematical analysis, market history, and market sentiment which affect the price. Yeah, nothing is 100%, but I have made profits by learning some TA provided in some "places" and following some which really have the highest quality of winning streak.
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
The fact that it was listed as one of the analysis that is being used by traders and enthusiasts, means it's not completely bullshit, but it might be one though. The price evaluation it does could help together with the statistical trend and trading activities they gathered to find trading and investment opportunities that enthusiasts might take and use as their guide in trading or investing but they can't just fully rely on technical analysis for it's not a hundred percent accurate and might fail at times. 
I do agree with you, one of my friends keeps on explaining you need to be very careful with the volumes and buy orders are important in which you are investing. So we should always try to improve our skills in order to analyze on what we are investing in trading.
Technical analysis works if you can deal with it much deeper, anticipate with how you understand everything inside the market.
I apply tech analysis and it perfectly works for me in crypto. But I use it only on liquid assets like btc, ethereum, bnb, xrp, eos, ltc. Shitcoins don't fir for tech analysis
Shitcoins is prone to manipulations and 'pump and dump' by whales. Technical Analysis is working fine but you need to try some other tools to decide. Though Technical analysis can give you insights, Doing Your Research is still the best to employ combined with your Fundamentals. Technical Analysis is not bull shit at all,just master 2 or three methods to used to have a clearer decision.
It is not bullshit. imagine that you had a technique to perfectly predict price movements, then you would always buy low and sell high. By doing that you would alter the market ever so slightly. now imagine that everyone knew your technical analysis, then everyone would buy at the low and sell at the high, but now it’s a competition. You’ll have to sell just before the high so you can sell before the crowd jumps in. But everyone is going to do that. Same for the lows. thereby invalidating the technical analysis.
There are only two ways to make money off of technical analysis. First, finding an indicator that nobody knows yet. But it is an arms race so you will only have that indicator for yourself for a short time before it gets invalidated. Second, create a following and get them to move as one in a way you can exploit.
There are only two ways to make money off of technical analysis. First, finding an indicator that nobody knows yet. But it is an arms race so you will only have that indicator for yourself for a short time before it gets invalidated. Second, create a following and get them to move as one in a way you can exploit.
DEFINTELY NOT!
Analysis is a crucial step in getting better at trading.
I have my portfolio imported in on Newscrypto.io where I can check my ROI, gains, and losses for each coin and trade details on one page in my coin tracker for free. If anyone knows for any sites that make automated reports please let me know!!!! Have a great one traders
TA and portfolio audits are not the same. Technical analysis works fine but wee should understand that TA is postfactum. No predication because patterns and history are important. But it never repeats exactly. If you want to be a good trader it need to watch for the volumes and clusters. This is engine.Analysis is a crucial step in getting better at trading.
I have my portfolio imported in on Newscrypto.io where I can check my ROI, gains, and losses for each coin and trade details on one page in my coin tracker for free. If anyone knows for any sites that make automated reports please let me know!!!! Have a great one traders
I do agree with you, one of my friends keeps on explaining you need to be very careful with the volumes and buy orders are important in which you are investing. So we should always try to improve our skills in order to analyze on what we are investing in trading.
DEFINTELY NOT!
Analysis is a crucial step in getting better at trading.
I have my portfolio imported in on Newscrypto.io where I can check my ROI, gains, and losses for each coin and trade details on one page in my coin tracker for free. If anyone knows for any sites that make automated reports please let me know!!!! Have a great one traders
TA and portfolio audits are not the same. Technical analysis works fine but wee should understand that TA is postfactum. No predication because patterns and history are important. But it never repeats exactly. If you want to be a good trader it need to watch for the volumes and clusters. This is engine. Analysis is a crucial step in getting better at trading.
I have my portfolio imported in on Newscrypto.io where I can check my ROI, gains, and losses for each coin and trade details on one page in my coin tracker for free. If anyone knows for any sites that make automated reports please let me know!!!! Have a great one traders
DEFINTELY NOT!
Analysis is a crucial step in getting better at trading.
I have my portfolio imported in on Newscrypto.io where I can check my ROI, gains, and losses for each coin and trade details on one page in my coin tracker for free. If anyone knows for any sites that make automated reports please let me know!!!! Have a great one traders
Analysis is a crucial step in getting better at trading.
I have my portfolio imported in on Newscrypto.io where I can check my ROI, gains, and losses for each coin and trade details on one page in my coin tracker for free. If anyone knows for any sites that make automated reports please let me know!!!! Have a great one traders
The technical analysis serves as a trading guide, especially for trading pros. It actually plays a good role in the trader's decision making. It's risky if we'll rely things through TA without enough understanding about it. It will only become bullshit if we'll use it without even understanding it because that would result in failure and losses. We can't say it isn't working because there are lots of successful traders who are using it.
Technical analysis bullshit? Due to the help of the technical analysis we are making some analysis on what would be happen to the market for the next few days. Technical analysis can give us some useful information on what would be the outcome of the market after having a big dump out. People who don't know how to do technical analysis are people who says that it is bullshit, and also those who says that thid is nothing there are the one who fails to use some technical analysis.
If you follow the right people your chances to win a trade is high, you might learn from them too and have better ideas and create your own tactics. You can’t perfect trade but the experience you have accumulated will help you make good decisions in the future.
Only few traders share how the indicators work which makes it difficult for new traders survive, you can see anyone share their trading strategies with the details of when to buy in the 1hour time frame or to 4 hour for the day trader. This is going to be difficult since the market doesn't spike or drop substantially in these time frame.
If there are traders going to share their charts and analysis at this level, they will find it useful so far the technical analysis is making it difficult to understand even the margin and concept of leverage in crypto, its even rarely offered.
If there are traders going to share their charts and analysis at this level, they will find it useful so far the technical analysis is making it difficult to understand even the margin and concept of leverage in crypto, its even rarely offered.
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
This is the most easiest question ever. If you are a trader and if you do not know the technical analysis, how will you succeed in your trades ?
This is like you want to be an engineer but you never got the training for it.
Technical analysis is a must learn if you want to be a trader. If you're not a trader and just causally look at the market and prices, then you can go without it.
Agreed. We can't step forward if we are not going to study our past, we learn from our past for us to be prepared in the future, which is why technical analysis is the basics of the basics in Trading cryptocurrency. It is all about studying the past and the current price chart of the cryptocurrency to have a better understanding about the potential of a certain coin, but this doesn't guarantee you that you could make profits when you use this approach in Trading, it is still depends on how you are going to perform.
People who jumped straight forward in Trading without any knowledge about trading are mostly who loses profits all the time.
No, technical analysis is not bullshit, it is one of the ways you read charts in the trading world, it is very important for you to improve your technical analysis. But don't forget to be accompanied by fundamental analysis because just relying on technical analysis only is not enough to give you maximum results.
It should be!People calling TA's are bullshit are to those who doesn't even know on how to read it up.We cant say that these things are precise but its much more better
if we do have these analysis yet we can able to read up charts not just trying to look at it but you do have no idea on what you are dealing with.
As trader this might be a basic stuff but yet its an important one.
I apply tech analysis and it perfectly works for me in crypto. But I use it only on liquid assets like btc, ethereum, bnb, xrp, eos, ltc. Shitcoins don't fir for tech analysis
People who really can do technical analysis is have best gift in trading. I learn about it for long time still not really understand. And most of my trading activity get panic and then cut loss. Maybe need more time for who not know about technical analysis to learn it, it really can help us in trading. 
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
This is the most easiest question ever. If you are a trader and if you do not know the technical analysis, how will you succeed in your trades ?
This is like you want to be an engineer but you never got the training for it.
Technical analysis is a must learn if you want to be a trader. If you're not a trader and just causally look at the market and prices, then you can go without it.
I apply tech analysis and it perfectly works for me in crypto. But I use it only on liquid assets like btc, ethereum, bnb, xrp, eos, ltc. Shitcoins don't fir for tech analysis
Technical Analysis is good but it may not be fruitful unless you apply the fundamental analysis also. In crypto, some times the coins move with the news so if you are familiar with both TA and FA, it will be very good for you as a trader.
For shitcoins, they do not depend upon any news or analysis. They are mostly listed in low volume exchanges and they can be pumped or dumped easily because of the low volume. Its better stay away from such exchanges and coins. Just focus on good coins in big exchanges.
TA absolutely no bullshit, it reflects the psychology of traders and speculators. This is one of the most effective analysis methods for financial markets, it can be applied to stock market, forex and crypto. The ancients used TA and it is still useful today.
people who dont understand technical analysis say its bullshit
people who dont understand investing and trading say investing and trading is a bullshit
people who dont understand investing and trading say investing and trading is a bullshit
The question itself, well, actually both questions quoted are too broad to elicit any definitive answer, like a stringent no or an emphatic yes. For example, following the trend is statistically a winning strategy and finding a trend is surely the task for TA. But does that mean that TA is legit on the whole based on that premise alone? To put it differently, if some of the TA tools and methods are not working most of the time and when they do, they simply follow the broken clock pattern, does it render the whole TA invalid and useless? The point is, if TA helps you earn dough, stick to it. If it doesn't, stick to something else
As the saying goes, if it fits, wear it (and don't ask silly questions)
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