Technical analysts be like.. | Bitcointalksearch.org

TimeTeller

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Quote from: palle11 on August 14, 2022, 05:30:31 PM

Quote from: hashrateproducts on August 11, 2022, 02:47:38 PM

There's nothing solid in the space or something a trader or investor can solely place his mind on which is absolutely 100%. Indicators are right for trades but they don't stop in from losing, rather it reduces losing rate, that's the main reason I have chosen to anticipate in Technical analysis in other to know the dumps and pumps of the market.

Technical analysis for me may not be able to detect dumps or pumps of a coin in other for you to avoid being in the market or investing and losing because it is believed to have happened and you see the occurrence of it to speculate for the future trade you want to enter. Technical analysis help you for future trade but not able to determine when dumps and pump will happening, only you can know that in the telegram group. It also doesn't reduce your lose but you are to take lesser risk and cut down on the lose.

Learning technical analysis is of no waste as it will give you insights with the market.
It may not be the ultimate reason how you can predict the market but having the knowledge of it will give you edge in understanding the market.
Definitely, it won't help you with those pump and dump coins, because they usually don't follow the TAs.
They have their own market movement not defined by any of these TAs.
But in time, you can easily spot pump and dump projects, because of some indications as posted in their social media channels.

palle11

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Quote from: hashrateproducts on August 11, 2022, 02:47:38 PM

There's nothing solid in the space or something a trader or investor can solely place his mind on which is absolutely 100%. Indicators are right for trades but they don't stop in from losing, rather it reduces losing rate, that's the main reason I have chosen to anticipate in Technical analysis in other to know the dumps and pumps of the market.

Technical analysis for me may not be able to detect dumps or pumps of a coin in other for you to avoid being in the market or investing and losing because it is believed to have happened and you see the occurrence of it to speculate for the future trade you want to enter. Technical analysis help you for future trade but not able to determine when dumps and pump will happening, only you can know that in the telegram group. It also doesn't reduce your lose but you are to take lesser risk and cut down on the lose.

stomachgrowls

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Quote from: GreatArkansas on August 14, 2022, 12:57:57 AM

Quote from: hashrateproducts on August 11, 2022, 02:47:38 PM

Quote from: Mpamaegbu on August 07, 2022, 12:16:35 PM

Don't bank on indicators 100%. They do fail some times. Remember there's no holy grail in trading.

There's nothing solid in the space or something a trader or investor can solely place his mind on which is absolutely 100%. Indicators are right for trades but they don't stop in from losing, rather it reduces losing rate, that's the main reason I have chosen to anticipate in Technical analysis in other to know the dumps and pumps of the market.
(.....)

Indicators are just tools to help you to analyze, help you to what's your next move, or help you to decide on your next trade.
Technical analyses are not perfect, pure speculation, that's why there are stop loses for our trades just in case our analysis went to the other side, it can't be perfect.

And its better to make use of these tools rather than having nothing at all because trading is hard and there's no always news or sentiments that do happen always in the market which someone could make some analysis of thats why using up indicators or tools is relevant rather than on making pure guess basing up with those speculations.Even you do know that its not really that precise
but it is way more better rather than making trading decisions without any basis.It is really just different!

It might not really be that working anytime or most of the time but making use of these tools are relevant and much nedeed!
This is what people should really be having considerations on making use of it rather than on having pure guess.

newdevices

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Quote from: GreatArkansas on August 14, 2022, 12:57:57 AM

Quote from: hashrateproducts on August 11, 2022, 02:47:38 PM

Quote from: Mpamaegbu on August 07, 2022, 12:16:35 PM

Don't bank on indicators 100%. They do fail some times. Remember there's no holy grail in trading.

There's nothing solid in the space or something a trader or investor can solely place his mind on which is absolutely 100%. Indicators are right for trades but they don't stop in from losing, rather it reduces losing rate, that's the main reason I have chosen to anticipate in Technical analysis in other to know the dumps and pumps of the market.
(.....)

Indicators are just tools to help you to analyze, help you to what's your next move, or help you to decide on your next trade.
Technical analyses are not perfect, pure speculation, that's why there are stop loses for our trades just in case our analysis went to the other side, it can't be perfect.

that's why a trader must understand technical analysis, and of course the indicators,
because without indicators we will be difficult to analyze in depth,
and if a trader without using TA when trading clearly he is a gambler, sorry but it's true.

GreatArkansas

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Quote from: hashrateproducts on August 11, 2022, 02:47:38 PM

Quote from: Mpamaegbu on August 07, 2022, 12:16:35 PM

Don't bank on indicators 100%. They do fail some times. Remember there's no holy grail in trading.

There's nothing solid in the space or something a trader or investor can solely place his mind on which is absolutely 100%. Indicators are right for trades but they don't stop in from losing, rather it reduces losing rate, that's the main reason I have chosen to anticipate in Technical analysis in other to know the dumps and pumps of the market.
(.....)

Indicators are just tools to help you to analyze, help you to what's your next move, or help you to decide on your next trade.
Technical analyses are not perfect, pure speculation, that's why there are stop loses for our trades just in case our analysis went to the other side, it can't be perfect.

hashrateproducts

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Quote from: Mpamaegbu on August 07, 2022, 12:16:35 PM

Don't bank on indicators 100%. They do fail some times. Remember there's no holy grail in trading.

There's nothing solid in the space or something a trader or investor can solely place his mind on which is absolutely 100%. Indicators are right for trades but they don't stop in from losing, rather it reduces losing rate, that's the main reason I have chosen to anticipate in Technical analysis in other to know the dumps and pumps of the market. Technical analyst are always best when it comes to predicting which level the market will land next and very good for future trading and spot.

TheUltraElite

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It is true that after a few days on observing Media technical analysts you get the gist of it and discover why wikipedia calls TA a pseudoscience.

Honestly, people should depend on their intution, Fundamentals more than on Technical, even then they have a 50-50 odds. This is why day trading is not something newbies are recommended, thinking that using TA to ace the market, is a wrong narrative used by some people trying to scam newbies.

Hence next time, do TA on your own and dont listen to others. It is even safer and better if you are buying/selling at bigger intervals, less stress on your side.

TelolettOm

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Quote from: libert19 on August 02, 2022, 12:48:57 AM

Technical indicators jargon...

Emm, what about "everything you need in day trading"...?
I see many of my friends are always talking about this and using this TA for their day trading, their ways to analyze the market movement, and others. They will be more confident with their own analsyis although sometimes analysis is an analysis when it may be correct and wrong. But at least, as long as we have our own ways to do with the market and they are helpful, why not?
But honestly, I am not good at that technical indicator, seeing the charts so complicated,
or Am I too lazy to learn deeper? Cheesy

Mpamaegbu

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Quote from: Mpamaegbu on August 07, 2022, 12:16:35 PM

Don't bank on indicators 100%. They do fail some times. Remember there's no holy grail in trading.

True, or the events predicted by indicators can often occur non-linearly and not in the order that this indicator shows. There may be a deceptive market movement designed to eliminate or drive out as many market participants as possible, and then move in the direction in which the indicator showed. This is especially noticeable near key support or resistance levels, when the market, it would seem, should show some kind of long-awaited denouement.

I couldn't have said it better than you did there. That deceptive market move is why no trader should increase their margin or risk appetite because they think it's a certainty that price must head there, no matter what. It may not head there at once and before it does one's position may have been liquidated. Every trader should see their position as a losing trade until the trade is closed in exit. Never be too sure it's a winner.

Hamphser

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Quote from: Wind_FURY on August 06, 2022, 01:23:22 AM

Quote from: goaldigger on August 05, 2022, 05:21:10 PM

Quote from: crzy on August 05, 2022, 04:40:07 PM

Quote from: rakesh878 on August 05, 2022, 10:37:47 AM

It is important for you to have a motive or objective to enter cryptocurrency trading

Having that reason can still encourage you to learn more and do better.
The market wont stop from moving for us, we should really know how to adopt the trend and move forward and don’t ever think that its dumping because you’re done buying, its just a coincidence what you can do is to focus on your plan especially on cutting losses, TA is also about creating strategy.

With the market is very volatile, TA can be invalidated most of the time and we should not stick with one strategy all the time. TA can works if you have your target price and cut loss price, there’s instances like this before especially if you are trying to catch the falling knives, this is why its also important to timing the market and don’t just buy because of any hype. Many traders are just waiting for the right moment before they execute their trades, having patience is also important and can be a big help so that TA can work.

YES! Technical Analysis "can" work for the user as a guide for when to buy, how much coins to buy, and when to sell, with everything based on price and volatility. It's actually many "ifs" and "elses". What Technical Analysis CANNOT do is predict when the market might surge, and what price it might reach. It can help you if you use it the right way, but always accept the fact that we're merely "fooled by randomness". Plus Technical Analysis is NOT a real science.

We know that market sentiments and news or events could really make out some immediate effects into the price which would result on sudden change of the price where it could really totally mess up someones

or everybody's technical analysis.We know that it doesnt really work nor precise from time to time but since majority of people now been using this kind of stuff since not all the times this market could really

show off some news which we do really wait for that thing so its up to someone on how they would set up their TA's get along with the market.

taufik123

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Quote from: ?? on ??

Quote from: Mpamaegbu on August 07, 2022, 12:16:35 PM

Don't bank on indicators 100%. They do fail some times. Remember there's no holy grail in trading.

True, or the events predicted by indicators can often occur non-linearly and not in the order that this indicator shows. There may be a deceptive market movement designed to eliminate or drive out as many market participants as possible, and then move in the direction in which the indicator showed. This is especially noticeable near key support or resistance levels, when the market, it would seem, should show some kind of long-awaited denouement.

Deceptive market movements or market manipulation are common and these are usually orchestrated by whales or some groups who want a lot of profit by playing the role of pump and dump.
indicators are only a tool to make it easier to predict market prices and also technical and fundamental analysis are interrelated.

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Mpamaegbu

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Quote from: libert19 on August 02, 2022, 12:48:57 AM

We'll have to see how these indicators gonna play out

Don't bank on indicators 100%. They do fail some times. Remember there's no holy grail in trading.

Quote from: palle11 on August 02, 2022, 05:04:38 AM

This is the obvious you are saying. The jargons are what we need to put together and watch the little details to see what we can make out of it.

In a way, the jargons are great as they help traders speak in specific manners that make outsiders marvel at the level of knowledge they have acquired. Trading is a technical thing and its language has to be technical too. I don't see any issue in that. Every human field of endeavour has its own register.

teosanru

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Quote from: libert19 on August 02, 2022, 12:48:57 AM

Technical indicators jargon...

Some more....

We'll have to see how these indicators gonna play out .. Market can go either up or down.

Note: this is not a financial advise.

Haha it's actually true, the so called YouTube traders are always like this only. Man i know all this what you are saying market obviously can just go in two directions that's it why is this even a thing to tell anyone. Worst part is they will explain you how accurate they were in both the cases after the market moves in any of th direction. Actually following all these people is just foolishness best is to create a system of triggers for your own self which can assist you in trading.

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Quote from: libert19 on August 02, 2022, 12:48:57 AM

Technical indicators jargon...

Some more....

We'll have to see how these indicators gonna play out .. Market can go either up or down.

Note: this is not a financial advise.

This is one of the funny post I have ever seen recently. How can you say that technical indicators are rubbish lol. One thing you don't know is that as a trader we don't use only indicators to predict the market. It won't work if you analysed the market with indicators only. You need price action to confirm what indicators is telling you.

Experience and knowledge is very important in the crypto market to know how the market works. You can't just depend on indicators only to get to know about what the market is saying. Learn more skills to get the full details.

virasisog

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Quote from: royalfestus on August 05, 2022, 06:10:52 PM

Quote from: monineklutak on August 05, 2022, 09:05:09 AM

Market movements are sometimes unpredictable and we must be prepared for that.
It is important to always follow market movements,
everyone is different, there are those who excel in technical analysis and there are also those who excel in fundamentals

Every coin in this space has fundamentals, some maybe better. I seem to prefer the onchain analysis but those that use it better dont make short term predictions. Technical analysis are prefered in the bull market and they help in better decision with higher profits, spot trade use of TA in the bear is just too risky. Trading high volume coin listed on big exchanges is also and help to exit at any position in the market

It's easier to do our own technical analysis during the bull market than during the bearish season. It will be easier since the volatility of the market is high during the bull run. It's a good guide for us to make firm decisions when trading. However, not all forms of technical analysis are reliable. We could do it ourselves as long as we know how to deal with the volatility of the coin that we're trading.

Wind_FURY

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Quote from: goaldigger on August 05, 2022, 05:21:10 PM

Quote from: crzy on August 05, 2022, 04:40:07 PM

Quote from: rakesh878 on August 05, 2022, 10:37:47 AM

It is important for you to have a motive or objective to enter cryptocurrency trading

Having that reason can still encourage you to learn more and do better.
The market wont stop from moving for us, we should really know how to adopt the trend and move forward and don’t ever think that its dumping because you’re done buying, its just a coincidence what you can do is to focus on your plan especially on cutting losses, TA is also about creating strategy.

With the market is very volatile, TA can be invalidated most of the time and we should not stick with one strategy all the time. TA can works if you have your target price and cut loss price, there’s instances like this before especially if you are trying to catch the falling knives, this is why its also important to timing the market and don’t just buy because of any hype. Many traders are just waiting for the right moment before they execute their trades, having patience is also important and can be a big help so that TA can work.

YES! Technical Analysis "can" work for the user as a guide for when to buy, how much coins to buy, and when to sell, with everything based on price and volatility. It's actually many "ifs" and "elses". What Technical Analysis CANNOT do is predict when the market might surge, and what price it might reach. It can help you if you use it the right way, but always accept the fact that we're merely "fooled by randomness". Plus Technical Analysis is NOT a real science.

royalfestus

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Quote from: monineklutak on August 05, 2022, 09:05:09 AM

Market movements are sometimes unpredictable and we must be prepared for that.
It is important to always follow market movements,
everyone is different, there are those who excel in technical analysis and there are also those who excel in fundamentals

Every coin in this space has fundamentals, some maybe better. I seem to prefer the onchain analysis but those that use it better dont make short term predictions. Technical analysis are prefered in the bull market and they help in better decision with higher profits, spot trade use of TA in the bear is just too risky. Trading high volume coin listed on big exchanges is also and help to exit at any position in the market

Johnyz

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Quote from: Mahanton on August 05, 2022, 05:47:40 PM

Quote from: goaldigger on August 05, 2022, 05:21:10 PM

With the market is very volatile, TA can be invalidated most of the time and we should not stick with one strategy all the time. TA can works if you have your target price and cut loss price, there’s instances like this before especially if you are trying to catch the falling knives, this is why its also important to timing the market and don’t just buy because of any hype. Many traders are just waiting for the right moment before they execute their trades, having patience is also important and can be a big help so that TA can work.

But if we do compare the effectiveness of TA in the past and TA of the present then i could say that there's some significant changes on that because unlike before where
TA wont really be that much effective nor really have high chance for the price to follow which compared to now that it is somewhat really following but not that much but at least we do able to see
some progress and this is why learning up technical analysis is really important because not all the time where this market do really have news or sentiments which you could really make use.
If ever you do see sentiments and fundamentals then it isnt really bad to consider on having combination on both which you do seem for it to be effective then go ahead.

TA changes because of the adoption level right now, its totally different and many are getting into crypto now because of its popularity. I can say that TA are more possible before because of low demand and less volatility but right now, we've seen a lot of market manipulation and its too hard to say that TA really works when in fact, there's a lot of sudden change in the market. You can analyze fundamentally but in trading, we tend to focus more on the price movement and its really volatile right now.

Mahanton

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Quote from: goaldigger on August 05, 2022, 05:21:10 PM

Quote from: crzy on August 05, 2022, 04:40:07 PM

Quote from: rakesh878 on August 05, 2022, 10:37:47 AM

It is important for you to have a motive or objective to enter cryptocurrency trading

Having that reason can still encourage you to learn more and do better.
The market wont stop from moving for us, we should really know how to adopt the trend and move forward and don’t ever think that its dumping because you’re done buying, its just a coincidence what you can do is to focus on your plan especially on cutting losses, TA is also about creating strategy.

With the market is very volatile, TA can be invalidated most of the time and we should not stick with one strategy all the time. TA can works if you have your target price and cut loss price, there’s instances like this before especially if you are trying to catch the falling knives, this is why its also important to timing the market and don’t just buy because of any hype. Many traders are just waiting for the right moment before they execute their trades, having patience is also important and can be a big help so that TA can work.

But if we do compare the effectiveness of TA in the past and TA of the present then i could say that there's some significant changes on that because unlike before where
TA wont really be that much effective nor really have high chance for the price to follow which compared to now that it is somewhat really following but not that much but at least we do able to see
some progress and this is why learning up technical analysis is really important because not all the time where this market do really have news or sentiments which you could really make use.
If ever you do see sentiments and fundamentals then it isnt really bad to consider on having combination on both which you do seem for it to be effective then go ahead.

goaldigger

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Quote from: crzy on August 05, 2022, 04:40:07 PM

Quote from: rakesh878 on August 05, 2022, 10:37:47 AM

It is important for you to have a motive or objective to enter cryptocurrency trading

Having that reason can still encourage you to learn more and do better.
The market wont stop from moving for us, we should really know how to adopt the trend and move forward and don’t ever think that its dumping because you’re done buying, its just a coincidence what you can do is to focus on your plan especially on cutting losses, TA is also about creating strategy.

With the market is very volatile, TA can be invalidated most of the time and we should not stick with one strategy all the time. TA can works if you have your target price and cut loss price, there’s instances like this before especially if you are trying to catch the falling knives, this is why its also important to timing the market and don’t just buy because of any hype. Many traders are just waiting for the right moment before they execute their trades, having patience is also important and can be a big help so that TA can work.

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