Every tradingview analyst are always right in hindsight. But is there someone you believe in based on past performance?
Aside from my own performance, none because you should always trust yourself. If there is someone present to you their TA analysis, don’t just trust them easily you have to analyze it too. TA is easy to understand and learn better to do it now than to depend to anyone. 
Topic: Is there any TA guys you trust? (Read 471 times)
I heard someone recently state a win ratio of 60% but thats something exceptional I guess, most are probably much closer to 50% if not below.
It all depends on how that person trades. If we look back at Bitcoin's history or any other market in general, certain patterns tend to have a higher percentage potential to break out to the up or down side, and these type of break outs are what traders are waiting for.
Last year's descending triangle statistically had a higher percentage potential to break out to the down side, and it did. People shorting it just based on that did extremely well.
Currently we're doing the exact opposite with an ascending triangle, which statistically has a higher percentage potential to break out to the up side. I am already accumulating, but I'll try to put in a long just before it breaks out, and that's a trade based on a better overall probability.
Yes there's but only from news site which is very legit for me. And i don't trust on any TA from other people especially if it has no specific theology because sometimes opposite always happened .so it's very risky and uncertainty which can cause huge losses .much better to stay connected on those legitimate site to assure safe and trustworthy.
I used to follow some crypto guys that I thought were good. But then I found this guy:
On the other hand, with crypto there isn't much fundamental analysis you can do. Cryptos aren't corporations with earnings and dividend-paying stocks; there's no mergers & acquisitions; there's no potential for corporate expansion. The only thing anyone can do is read the news and stare at price charts.I always hoped that would be the tectonic shift in crypto - M&A, sadly it's definitely not like in the real world stock market where M&As move markets real good. I guess after all the hype of "hey we're building a crypto/blockchain project," there's a lineup of almost no utility platforms gunning for attention. Still, I'd rather do my own TA and bolster with as little fundamental there is, just to be safe. I discovered my instincts were always right on spot at least half the time, which is better than relying on some analyst to do a half-arsed job, after all it's speculation at best.
The issue with TA is that it is never close to 100% accurate, actually its probably hard to find any TA that is accurate maybe 25% of the time.
I heard someone recently state a win ratio of 60% but thats something exceptional I guess, most are probably much closer to 50% if not below. I think you are right on the trigger discipline required, to let winners run and cut losses.
My argument on TA is that its never trying to be deadly accurate, people want definites and there are none. Its a form of probability study, statistical analysis which is a valid body of mathematical study not a get rich scheme but in fact applicable to every other science to add accuracy and arguably every subject can use stats. Every post on this forum could be run through a readability test which is basically stats again applying rules attributing likelyhood to ease of comprehension
Quote
The Flesch-Kincaid reading ease score is 42.7 (0 to 100, higher is best)
The Flesch-Kincaid grade level is 13.5th grade
The Gunning Fog index is 17.7 (average is 12, lower is best)
The Coleman-Liau index is 11.1
The SMOG index is 12.7
The automated readability index is 12.6
Dont think I scored well :| but then its online post not a book The Flesch-Kincaid grade level is 13.5th grade
The Gunning Fog index is 17.7 (average is 12, lower is best)
The Coleman-Liau index is 11.1
The SMOG index is 12.7
The automated readability index is 12.6
There are too many analysts, and their opinion is often the opposite, so I am not inclined to trust anyone and rely on someone's forecasts. I always try to draw my own personal conclusions, and in this respect I trust only myself. And I think this saves me from unnecessary problems.
We should only trust ourself and in fact that I do much prefer to lose money with my own strat because it wont really give me any regrets inside compared on following someones signals which lead to lose will really give out some rage and stress upon you.
Just try to look at even famous people showing some TA analysis and the price goes into the opposite way.
There are too many analysts, and their opinion is often the opposite, so I am not inclined to trust anyone and rely on someone's forecasts. I always try to draw my own personal conclusions, and in this respect I trust only myself. And I think this saves me from unnecessary problems.
Apparently, I am too trusting or they trust those people, because all the forecasts that I took attention turned out to be false. Today, not only the cryptocurrency market, but also I am at the bottom with my assets. 
There are too many analysts, and their opinion is often the opposite, so I am not inclined to trust anyone and rely on someone's forecasts. I always try to draw my own personal conclusions, and in this respect I trust only myself. And I think this saves me from unnecessary problems.
The issue with TA is that it is never close to 100% accurate, actually its probably hard to find any TA that is accurate maybe 25% of the time.
Most trading is still done with TA instead of Fundamentals but how do people make money then? The answer is risk/reward.
If you got a strategy where you only take trades where your risk/reward is 5x then you can make money with a TA method which is correct 25% of the time.
Problem with the retail market is that they usually have negative risk/reward. They basically want a TA method to be 100% correct and they basically risk $100 and take profit at $25 and a loss at $100. So with this method they would need to be correct 4x as much just to break-even which is not possible due to commissions and spreads.
So this is why some of the Tradingview authors and different stocktwits traders make money but the people who follow them can't.
Most trading is still done with TA instead of Fundamentals but how do people make money then? The answer is risk/reward.
If you got a strategy where you only take trades where your risk/reward is 5x then you can make money with a TA method which is correct 25% of the time.
Problem with the retail market is that they usually have negative risk/reward. They basically want a TA method to be 100% correct and they basically risk $100 and take profit at $25 and a loss at $100. So with this method they would need to be correct 4x as much just to break-even which is not possible due to commissions and spreads.
So this is why some of the Tradingview authors and different stocktwits traders make money but the people who follow them can't.
Every tradingview analyst are always right in hindsight. But is there someone you believe in based on past performance?
*Learn basic trading stuffs
*Understand the volatility
*Read other TA's especially with the crypto trading gurus and make it as reference
*Make your own analyzation our of that references
With these, we are building experience that will guide us on our future decision.
Remember that even how properly backed-up a certain analyzation is, it can be spoiled anytime. That's why it's good to have our own based on our own analyzations + insights + instincts that makes sense.
Every tradingview analyst are always right in hindsight. But is there someone you believe in based on past performance?
You should never rely solely on technical analysis when it comes to cryptocurrencies. This is just not sufficent.
TA can give you a hint about entry- and exit-points or the current market trends - nothing more.
Like other said before - do your own research.
likely be better rather than on focusing yourself into single analysis.I dont trust up any guys out there proclaiming precise or accurate
predictions when it comes to entries .
Every tradingview analyst are always right in hindsight. But is there someone you believe in based on past performance?
You should never rely solely on technical analysis when it comes to cryptocurrencies. This is just not sufficent.
TA can give you a hint about entry- and exit-points or the current market trends - nothing more.
Like other said before - do your own research.
Every tradingview analyst are always right in hindsight. But is there someone you believe in based on past performance?
well sometimes but depends only on the statement 'cause i didn't want actually to rely on others TA just to become updated on the market time on time because i have my own work as well wherein just to make sure I'm following the real direction and also just to protect my portfolio. In fact sometimes nowadays others TA didn't happen afterwards .So i cant trust on it 100%.much better to make my own TA also.
I don't believe on most TA online they mostly not telling you the exact analysis and no explanation that how does the price increase.
For me, I'm always gathering information from some website and some tools and honestly news and event's also has big help on predicting if what will happen from the asset in the future which actually proven. Only few TA guys are actually giving you the right path because most of them are influencer. So if you are planning to follow them make sure to follow them first and check if his analysis can make you the right prediction before you invest and follow his path.
For me, I'm always gathering information from some website and some tools and honestly news and event's also has big help on predicting if what will happen from the asset in the future which actually proven. Only few TA guys are actually giving you the right path because most of them are influencer. So if you are planning to follow them make sure to follow them first and check if his analysis can make you the right prediction before you invest and follow his path.
Every tradingview analyst are always right in hindsight. But is there someone you believe in based on past performance?
Well, I will not really say I trust him 100% but I can vouch for him a bit because he is a trading professional and will deliver a very good result, though I think his pricing is very high but I believe it is also worth it.I am talking about tone vays who have been one of the major predictor of bitcoin price in time past and still an expert in predicting the crypto market even in this bearish time, I think you should book a session with him.
There is a YouTuber that does high level technical analysis, it is Spanish speaking, its name is Aarón Luján, its understanding of the market is phenomenal, in fact it does live operations many times, it is very optimistic.
Use the Wyckoff philosophy and knowledge of many book authors, actually I think it's fabulous market vision, and I trust their technical analysis because it has been efficient, in fact, is of people who do not use indicators, and studies the long-term market, making fractals at 4h and 1h.
The technical analysis to fractals to lower temporalities, also gives information, but not so successful when it is done in the long term .. That is the vision that gives.
For the technical analysis of many, they like scalping and there are many youtubers that specialize with all the indicators, even though it is high risk, many are successful.
Use the Wyckoff philosophy and knowledge of many book authors, actually I think it's fabulous market vision, and I trust their technical analysis because it has been efficient, in fact, is of people who do not use indicators, and studies the long-term market, making fractals at 4h and 1h.
The technical analysis to fractals to lower temporalities, also gives information, but not so successful when it is done in the long term .. That is the vision that gives.
For the technical analysis of many, they like scalping and there are many youtubers that specialize with all the indicators, even though it is high risk, many are successful.
Every tradingview analyst are always right in hindsight. But is there someone you believe in based on past performance?
You could always take into account the analysis which are out there, either on tradingview, in the youtube bitcoin community, or reddit.
However, my main rule of thumb is to never trust them blindly. You want to have information from multiple sources before you make the decision for yourself, because technical analysis can give off completely different signals depending on how the analysis is framed, and they might even be conflicting.
Don't just rely on one analyst, do your own research as well, and I'd actually recommend looking at how fundamentals are moving along as much as you'd look at technical, because that's what ultimately drives long term adoption and network growth.
People liked 'master Luc ' because he was super bullish and also very large and long term in his predictions which gives people some certainty. In theory its easier to call a longer term trend over the needle moving up and down every day on every bit of flow and news.
he's made very impressive shorter term predictions too. he predicted the top in april 2013, the bottom in july 2013, and exited at the top in december 2013. he then forecasted the 2014-15 bear market with pretty remarkable precision. then of course there was his 2017 bubble prediction.
it's too bad his model fell apart in 2018. in a move i found out of character for him, he remained perma bullish for way too long. i think he's probably learned some humility over the past year after making several bad mid term predictions in a row.
Every tradingview analyst are always right in hindsight. But is there someone you believe in based on past performance?
I personally preferred to follow the "Ian balina" because they earn more profit in quick time. He have great skills in crypto currency so they perfectly analyse the future possibilities and they visit most of the countries crypto meeting so I like this guy analysis.
Anyone who knows how to use the tools of TradingView can do technical analysis, but for technical analysis, the market must be understood, because no indicator can give us an idea of what an operator or a whale is going to execute.
According to the book "A Random Walk by Wall Streeth." of Malkiel Burton, he made a matrix of data points that he collected from a group of children in a school, he enlarged his graph and showed it to a technical analyst, and immediately told him that the movement was coming up because that was a well-known pattern and it would happen, this was affirmed even without seeing the volume, clearly many technical analysts do not care about analyzing, they only follow patterns or drawings that are known.
If analyzed from another perspective I think they would have more success, in the same way, what they do is valid, each person interprets the market as they wish, but the important thing is to be successful. The only way to believe in a technical analyst is to show your balance, and to record at the time you have won making trade, and none will.
According to the book "A Random Walk by Wall Streeth." of Malkiel Burton, he made a matrix of data points that he collected from a group of children in a school, he enlarged his graph and showed it to a technical analyst, and immediately told him that the movement was coming up because that was a well-known pattern and it would happen, this was affirmed even without seeing the volume, clearly many technical analysts do not care about analyzing, they only follow patterns or drawings that are known.
If analyzed from another perspective I think they would have more success, in the same way, what they do is valid, each person interprets the market as they wish, but the important thing is to be successful. The only way to believe in a technical analyst is to show your balance, and to record at the time you have won making trade, and none will.
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