questions about technical analysis - page 2.

harizen

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Quote from: happy man on September 01, 2019, 06:28:21 AM

in simple, my question is , does technical analysis work every time and can we predict every move using technical analysis or times when we should not predict price using technical analysis

Obviously, technical analysis will be one of your reference in making your future strategy. Just keep in mind that it won't guarantee you to work every time so don't rely mainly on it.

And yes, you can predict "some possibilities" by using technical analysis. However, here in crypto, no doubts that technical analysis does not always work most of the times due to the fact that crypto is heavily volatile. Even on a strong bullish run, you can always expect that something will spoil the momentum along the way even how properly backed-up a certain analysis is.

So what to do now? While looking for some technical analysis, also consider other factors such as current events, news, monitoring daily volume and even your "own instinct".

leowonderful

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Bitcoin FTW!

TA doesn't work all of the time, and it doesn't work out fully especially in crypto markets when fakeouts happen all the time if you're trading with support and resistance levels and flips. That doesn't mean using S/R flips is impossible or bad (I use it quite often), but you should be looking for good and higher-probability setups to execute for best success. You also need to have a good risk management strategy to remain profitable in trading- a lot of people don't have great success rates with their trades, but remain profitable due to executing trades with good risk/reward ratios and a good strategy to minimize losses.

lumierre

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Quote from: Ucy on September 01, 2019, 07:14:42 AM

Technical analysis doesn't always work. So don't expect it to be correct all the time. And you have to use simple technical charts. They work fairly well for me than complicated charts.

However be mindful of predicting future price direction with old charts. Does not work especially these days

Very often, in the case of cryptocurrencies, the standard methods of classical technical analysis do not work at all. The same HODL principle breaks the logic of normal investment: if an asset rises in price, then an investor, even seeing an acceptable rate of return, does not go to the cache, but continues to wait for further growth. This is an anomaly since the investment crypto business is designed in such a way that it should not give exorbitant profits.

Herbert2020

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the first problem you will face with technical analysis you see on the internet is that most of them are disagreeing with each other. usually they choose bad points on the charts that leads to very wrong results so they measure supports and resistances wrong.

then the second problem is that in the cryptocurrency market the dominating force is manipulation. so you may even come up with the most accurate speculation with your analysis but when it comes to what happens, the pump and dumpers dump that shitcoin and break all your speculation.
this is the main reason why TA doesn't work here.

Mark_R

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Quote from: happy man on September 01, 2019, 06:28:21 AM

1) I have seen some course about technical analysis, they explain those charts where it would have worked before, saying support brake resistance 'sell'
resistance brake support 'buy' and those chart patterns

2) when we must not use Technical analysis

in simple, my question is , does technical analysis work every time and can we predict every move using technical analysis or times when we should not predict price using technical analysis

Well, it explains the behavior of the players behind the chart. Like typical behavior. This is not necessarily happening.
You can use tech analysis with tough risk and money management. This will help you to hedge yourself.
Besides, here is the list of books that may help you to understand more about it.

Arthur A. Merrill:
"Behavior of Prices on Wall Street"
Toby Crabel:
“Day Trading With Short Term Price Patterns and Open Range Breakout"
Murphy, John J.:
“Technical Analysis of the Futures Markets”
Edwards and Magee Boston:
"Technical Analysis of Stock Trends"
Wilder, J. Welles.:
“New Concepts in Technical Trading Systems”
Dr. Elder.:
“Trading for a living”
Larry Williams:
“Long-Term Secrets to Short-Term Trading”

nulltxmark

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Quote from: vixcious on September 02, 2019, 03:36:21 AM

It always works and provides the right indicators for the psychology of traders.
technical analysis has been studied for decades and everything has been applied for a long time.
As a newbie, I also have the same questions as you. But when I learned it and tried it out, it was really real.

I wouldn't say it always works, but if you use the right indicators then it should work most of the time.

If you're looking to get started with TA, I would suggest starting with simple indicators like RSI, BBs, etc. Then move onto Fib retracements, Elliot Waves, etc.

vixcious

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It always works and provides the right indicators for the psychology of traders.
technical analysis has been studied for decades and everything has been applied for a long time.
As a newbie, I also have the same questions as you. But when I learned it and tried it out, it was really real.

Polar91

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Quote from: happy man on September 01, 2019, 06:28:21 AM

2) when we must not use Technical analysis

in simple, my question is , does technical analysis work every time and can we predict every move using technical analysis or times when we should not predict price using technical analysis

Technical analysis is just your guide; it's not accurate and certain. It's must in order to read and understand the movement of market through chart. It's difficult to predict a price without using technical analysis. Alternatively, we can use fundamental analysis if the market we are trading is in real world entity however fundamental analysis still needed to be confirmed by technical analysis thus we won't become a FOMO person.

irsykes

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Seabet.io | Crypto-Casino

Quote from: happy man on September 01, 2019, 06:28:21 AM

1) I have seen some course about technical analysis, they explain those charts where it would have worked before, saying support brake resistance 'sell'
resistance brake support 'buy' and those chart patterns

2) when we must not use Technical analysis

in simple, my question is , does technical analysis work every time and can we predict every move using technical analysis or times when we should not predict price using technical analysis

I think work or not it is all depends on market. But without technical analysis we only like gamble in trading because what we do maybe only buy and sell and hold if stuck and without technical analysis maybe there are a lot chance people to waste their time in trading. Because what we look in trading is how to get profit in shortest time. But this is only personal opinion from me.

jaocoincrypto18

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Technical analysis is also a useful tool but just to assist us as it is proven 100 percent not accurate, it is just like predicting the future of the crypto market movement which is proven unpredictable. We may depend on technical analysis but for reference use only.

Thirdspace

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Quote from: happy man on September 01, 2019, 06:28:21 AM

in simple, my question is , does technical analysis work every time and can we predict every move using technical analysis or times when we should not predict price using technical analysis

technical analysis does not work every time but it helps finding out signals and market trends
conservative TA always points out support and resistance levels
means it cannot be 100% sure, only shows possible outcomes with probability percentages
some traders may follow and some may against it, hence market trend and price becomes reality

exstasie

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Quote from: happy man on September 01, 2019, 06:28:21 AM

in simple, my question is , does technical analysis work every time and can we predict every move using technical analysis or times when we should not predict price using technical analysis

Markets are unpredictable, so no, TA doesn't work every time. It's more about probability. A good trader will back-test a pattern or candlestick setup extensively to determine its likelihood of success, and to gauge the risk/reward of a trade.

We're trying to win 6 or 7 trades out of 10. 10 out of 10 is impossible.

Sohyun Park

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Technical analysis and fundamental analysis go hand in hand that is they need to be applied equally. Also, only one TA pattern can never give you a conclusion of the market direction. That is only support or resistance or Head and shoulder pattern individually can never decide the price.

You need to use the combination of patterns and indicators to predict the market direction. By using indicator combination on different graphs and observing can give you a strategy. Practice can give you a strategy that you can rely on.

These tutorials of a signal pattern or indicator are like ABC's of trading language.

milewilda

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Quote from: happy man on September 01, 2019, 06:28:21 AM

in simple, my question is , does technical analysis work every time and can we predict every move using technical analysis or times when we should not predict price using technical analysis

It can be both things yet theres nothing that can be identified as a working tool to predict the market precisely.
Technicals or Fundamentals these 2 things are the most common tools that had been applied when you do trade up but not actually
making precise predictions but somehow a much better thing to have than have nothing at all.Use it anytime since theres no specific timeframe
or situation where these tools would work or not.

pinkpanther03

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Quote from: happy man on September 01, 2019, 06:28:21 AM

1) I have seen some course about technical analysis, they explain those charts where it would have worked before, saying support brake resistance 'sell'
resistance brake support 'buy' and those chart patterns

2) when we must not use Technical analysis

in simple, my question is , does technical analysis work every time and can we predict every move using technical analysis or times when we should not predict price using technical analysis

Technical analysis is not 100% effective way for us to get profit in trading business whether crypto, bitcoin or fiat.
Although, there are some technical analysis would give you profit if you do the right things for it.

Ucy

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Compare rates on different exchanges & swap.

Technical analysis doesn't always work. So don't expect it to be correct all the time. And you have to use simple technical charts. They work fairly well for me than complicated charts.

However be mindful of predicting future price direction with old charts. Does not work especially these days

happy man

newbie

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1) I have seen some course about technical analysis, they explain those charts where it would have worked before, saying support brake resistance 'sell'
resistance brake support 'buy' and those chart patterns

2) when we must not use Technical analysis

in simple, my question is , does technical analysis work every time and can we predict every move using technical analysis or times when we should not predict price using technical analysis

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