It is mostly bullshit. It is like predicting the result of a coin flip game. It may be tails for 100 times and can still be tails for the 101st. time. The past results have nothing to do with the future.
You should make your decisions with information you have at the present, not past. It may give you a little bit of insight but don't make it your main deciding method.
Topic: Share your opinions about technical analysis (Read 2212 times)
If I started trading always use this technique:
1. Open the chart and identify ongoing trends
2. Determine the support and resistance
3. Take advantage of Moving Average
4. Filter with indicator oscillator
5. Set the stop loss and profit target
The most important thing in my opinion if it is to successfully trade is patience.
1. Open the chart and identify ongoing trends
2. Determine the support and resistance
3. Take advantage of Moving Average
4. Filter with indicator oscillator
5. Set the stop loss and profit target
The most important thing in my opinion if it is to successfully trade is patience.
Well it is just opinions from some other traders and it is can be true and wrong, everything depend on traders them selves for use best strategy of trading that give profit consistently, suitable and low losing.
And most of the traders have different perspective on what will they do or planning to do in their next traders. Technical analysis can be considered as good basis on future decisions. Yes it's not that it will make a trader a sure profit but it's a wiser way to deal with the price market movement compare for just betting on your own instinct.
At the end of the day, those analysis will revolved around a traders mind and after some brainstorming, a new trading decision will be made.
Predictions are often very unreliable but you can't act for the future if you don't know the past. So, to my position you shouldn't ignore technical analysis but also this shouldn't be your only guideline.
If you want to be serious trader yo have to dedicate some time and skills for analysis too.
If you want to be serious trader yo have to dedicate some time and skills for analysis too.
Technical analysis would be a good tool in your trading career because with these you could able to get idea from the past events of certain movements and news about the price of a certain currency when you are trading up. I cant imagine a trading without this tool because i take this guidleines to myself same as you said but we should not fuly rely into it because price movements may gone wild anytime.
1. Technical analysis is only take into account from past data.
2. Technical analysis only can gives hint about 50%-70% true signal for buy or sell.
3. Technical analysis does not has power prediction but just only detection condition of market according to the data.
THAT IS JUST MY OPINIONS
For more information share your opinions. Thank you
2. Technical analysis only can gives hint about 50%-70% true signal for buy or sell.
3. Technical analysis does not has power prediction but just only detection condition of market according to the data.
THAT IS JUST MY OPINIONS
For more information share your opinions. Thank you
from the past data, we can learn about the coins and sometime we can get a good signal from there for buy or sell. for me, technical analysis can help me to make a line for now, is it up trend or down trend. but its only me, i don't know with others.
its only for history and if we can learn about the history, then maybe we can make our analysis and then we can use the analysis with the basic of history to gain profit. i always to see what is the movement of the coins for at least 6 month, is it good or is it just to get disappear from time to time.
1. Technical analysis is only take into account from past data.
2. Technical analysis only can gives hint about 50%-70% true signal for buy or sell.
3. Technical analysis does not has power prediction but just only detection condition of market according to the data.
THAT IS JUST MY OPINIONS
For more information share your opinions. Thank you
I make a post sometimes ago " can we relies on technical analysis in making a trading decisions". From the reply I got, we may not be accurate up to 50% talk less of 75%. What drives the market is fundamental issue such as news, expats analysis, emotion and greed. Technical analysis only analyzed past market valued. 2. Technical analysis only can gives hint about 50%-70% true signal for buy or sell.
3. Technical analysis does not has power prediction but just only detection condition of market according to the data.
THAT IS JUST MY OPINIONS
For more information share your opinions. Thank you
technical analysis is just a tool that helps you see the market better and understand the movements in the past and possible movement in the future.
technical analysis in
- big markets like stocks or forex is only right in 50% of the time
- in bitcoin is even less
- in altcoins it doesn't work at all.
but despite all that, it is still a good tool to have and know if you want to do professional trading because knowing it and be wrong is a lot better than not knowing it and be blind!
technical analysis in
- big markets like stocks or forex is only right in 50% of the time
- in bitcoin is even less
- in altcoins it doesn't work at all.
but despite all that, it is still a good tool to have and know if you want to do professional trading because knowing it and be wrong is a lot better than not knowing it and be blind!
Predictions are often very unreliable but you can't act for the future if you don't know the past. So, to my position you shouldn't ignore technical analysis but also this shouldn't be your only guideline.
If you want to be serious trader yo have to dedicate some time and skills for analysis too.
If you want to be serious trader yo have to dedicate some time and skills for analysis too.
Technical analysis would be a good tool in your trading career because with these you could able to get idea from the past events of certain movements and news about the price of a certain currency when you are trading up. I cant imagine a trading without this tool because i take this guidleines to myself same as you said but we should not fuly rely into it because price movements may gone wild anytime.
Predictions are often very unreliable but you can't act for the future if you don't know the past. So, to my position you shouldn't ignore technical analysis but also this shouldn't be your only guideline.
If you want to be serious trader yo have to dedicate some time and skills for analysis too.
If you want to be serious trader yo have to dedicate some time and skills for analysis too.
Technical analysis would be a good tool in your trading career because with these you could able to get idea from the past events of certain movements and news about the price of a certain currency when you are trading up. I cant imagine a trading without this tool because i take this guidleines to myself same as you said but we should not fuly rely into it because price movements may gone wild anytime.
Predictions are often very unreliable but you can't act for the future if you don't know the past. So, to my position you shouldn't ignore technical analysis but also this shouldn't be your only guideline.
If you want to be serious trader yo have to dedicate some time and skills for analysis too.
If you want to be serious trader yo have to dedicate some time and skills for analysis too.
Technical analysis would be a good tool in your trading career because with these you could able to get idea from the past events of certain movements and news about the price of a certain currency when you are trading up. I cant imagine a trading without this tool because i take this guidleines to myself same as you said but we should not fuly rely into it because price movements may gone wild anytime.
I am believer of fundamental analysis over technical analysis because I think it gives more accurate results based on core values and natural flow whereas technical analysis always focus on actual moment of levels and predicts according to those movements. Technical analysis is good for short term while fundamental is good for long term.
I am not saying technical analysis is not good but when it comes to crypto currencies (where you see pumps and dumps daily) then it really make technical analysis risky because it’s not based on actual moments but on those pumps. I might be wrong, but that's my opinion.
Thank you so much for your share about the opinions of tecnical analysis and fundamental, and i agree with you. It is my old thread when looking for best way for making analysis and prediction the price that be suitable for me, the point is traders can use analysis tecnical for making short prediction and investors can use analysis fundamental for making long time prediction. So depend on the strategy of investments will be used.I am not saying technical analysis is not good but when it comes to crypto currencies (where you see pumps and dumps daily) then it really make technical analysis risky because it’s not based on actual moments but on those pumps. I might be wrong, but that's my opinion.
Exactly, both analysis have their own pros and cons and traders and investors adopt the one which is suitable for their trading strategies. Being an investor I always used fundamental analysis where I see results in comparatively long term as compared to technical analysis. At the end we should not forget that both analysis give mere predictions and both can go wrong, we can see the trend of price movement but accurate prediction of actual figure is near to impossible.
1. Technical analysis is only take into account from past data.
2. Technical analysis only can gives hint about 50%-70% true signal for buy or sell.
3. Technical analysis does not has power prediction but just only detection condition of market according to the data.
THAT IS JUST MY OPINIONS
For more information share your opinions. Thank you
2. Technical analysis only can gives hint about 50%-70% true signal for buy or sell.
3. Technical analysis does not has power prediction but just only detection condition of market according to the data.
THAT IS JUST MY OPINIONS
For more information share your opinions. Thank you
from the past data, we can learn about the coins and sometime we can get a good signal from there for buy or sell. for me, technical analysis can help me to make a line for now, is it up trend or down trend. but its only me, i don't know with others.
... take for instance, the magic of Fibonacci retracement, Bollinger bands, etc
TA works because it is magic! If you really want to understand the magic of TA, look up confirmation bias and survivorship bias.
Predictions are often very unreliable but you can't act for the future if you don't know the past. So, to my position you shouldn't ignore technical analysis but also this shouldn't be your only guideline.
If you want to be serious trader yo have to dedicate some time and skills for analysis too.
If you want to be serious trader yo have to dedicate some time and skills for analysis too.
You can't predict anything, Everything is gamble and you must only have a luck!
But if you know that halving is coming and block gonna be smaller you can expect price rise,
that is natural thinking.
But if you know that halving is coming and block gonna be smaller you can expect price rise,
that is natural thinking.
I agree with you that nobody can predict everything in a precise manner. But I disagree that trading is a gamble and that it is all luck. While most aspiring traders lose money, there are a handful who make money consistently by using different strategies and analysis. The risks taken are all calculated even before you have made the trade. If you buy and sell cryptocurrencies because you "feel" it is the right move then yes it is gambling.
because when you are looking the the past (charts) and drawing all those lines and then come up with the future, you are assuming that everything is going to stay like the past. and we know that is not always possible .
you shouldn't think about technical analysis as a tools to "predict" the future/price but instead think of it as a mere suggestion about the future price.
because when you are looking the the past (charts) and drawing all those lines and then come up with the future, you are assuming that everything is going to stay like the past. and we know that is not always possible .
because when you are looking the the past (charts) and drawing all those lines and then come up with the future, you are assuming that everything is going to stay like the past. and we know that is not always possible .
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1. Technical analysis is only take into account from past data.
2. Technical analysis only can gives hint about 50%-70% true signal for buy or sell.
3. Technical analysis does not has power prediction but just only detection condition of market according to the data.
THAT IS JUST MY OPINIONS
For more information share your opinions. Thank you
2. Technical analysis only can gives hint about 50%-70% true signal for buy or sell.
3. Technical analysis does not has power prediction but just only detection condition of market according to the data.
THAT IS JUST MY OPINIONS
For more information share your opinions. Thank you
from the past data, we can learn about the coins and sometime we can get a good signal from there for buy or sell. for me, technical analysis can help me to make a line for now, is it up trend or down trend. but its only me, i don't know with others.
I am believer of fundamental analysis over technical analysis because I think it gives more accurate results based on core values and natural flow whereas technical analysis always focus on actual moment of levels and predicts according to those movements. Technical analysis is good for short term while fundamental is good for long term.
I am not saying technical analysis is not good but when it comes to crypto currencies (where you see pumps and dumps daily) then it really make technical analysis risky because it’s not based on actual moments but on those pumps. I might be wrong, but that's my opinion.
Thank you so much for your share about the opinions of tecnical analysis and fundamental, and i agree with you. It is my old thread when looking for best way for making analysis and prediction the price that be suitable for me, the point is traders can use analysis tecnical for making short prediction and investors can use analysis fundamental for making long time prediction. So depend on the strategy of investments will be used. I am not saying technical analysis is not good but when it comes to crypto currencies (where you see pumps and dumps daily) then it really make technical analysis risky because it’s not based on actual moments but on those pumps. I might be wrong, but that's my opinion.
I am believer of fundamental analysis over technical analysis because I think it gives more accurate results based on core values and natural flow whereas technical analysis always focus on actual moment of levels and predicts according to those movements. Technical analysis is good for short term while fundamental is good for long term.
I am not saying technical analysis is not good but when it comes to crypto currencies (where you see pumps and dumps daily) then it really make technical analysis risky because it’s not based on actual moments but on those pumps. I might be wrong, but that's my opinion.
I am not saying technical analysis is not good but when it comes to crypto currencies (where you see pumps and dumps daily) then it really make technical analysis risky because it’s not based on actual moments but on those pumps. I might be wrong, but that's my opinion.
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