Topic: what is point of Tehnical analysis? - page 6. (Read 943 times)
OP, Technical Analysis used alone will be just 1/3 of what you should be doing in my opinion. The other two parts are the sizing/adjustment of your trades based on volatility, and management/adjustment of your capital depending on profit, or loss. But as plebs, we can simplify everything by buying the dip, and HODL.
Not useless, what most of people forgot is that TA isn't absolute 100% gonna bring you profit otherwise those TA book worms gonna be the new warren buffet
but see when people are following one set of rules that is TA (in my opinion), the market more or less also gonna follow that rules as well which is making price movement based on the TA.
the way to optimise the effectivity of TA is to diversify portfolio since as you know, nothing could become 100% accurate when it comes to predicition so as a preventive measure.
but see when people are following one set of rules that is TA (in my opinion), the market more or less also gonna follow that rules as well which is making price movement based on the TA.
the way to optimise the effectivity of TA is to diversify portfolio since as you know, nothing could become 100% accurate when it comes to predicition so as a preventive measure.
About a month ago we hit 30k, and TA is constantly predicting a breakout up or down, usually up, but instead the market crabs sideways, something only a few people predicted, and most of them didn't use technical analysis to figure it out.
they are not real traders if they dont use t.a . they dont use t.a that is why they predicted it correctly but if they use t.a their prediction will also fail and dont call t.a pointless just because it didnt work this time .
many traders are thankful that t.a is invented because it helps them analyze the market in a profesional way . it makes trading less gamble
The point is to make a calcuated guess about how the market is going to move in the next few hours/days/months.
Remind yourself that TA started with stock markets, and therefore more applicable on a market that is regulated and crypto is just the opposite. Here manipulated prices are often common and newbies make mistakes more with that.
Day traders will find TA much more useful but less practical to use than FA. But I dont do that and I cant say anything more on how day traders make a living off using TA, likely they dont. End of the day you need some metric to rely your trades on and there TA comes in view.
Now predictions are always 50-50 and so even wikipedia lists TA as a pseudo-science. But you can still use it for telling others how the market will perform.
Remind yourself that TA started with stock markets, and therefore more applicable on a market that is regulated and crypto is just the opposite. Here manipulated prices are often common and newbies make mistakes more with that.
Day traders will find TA much more useful but less practical to use than FA. But I dont do that and I cant say anything more on how day traders make a living off using TA, likely they dont. End of the day you need some metric to rely your trades on and there TA comes in view.
Now predictions are always 50-50 and so even wikipedia lists TA as a pseudo-science. But you can still use it for telling others how the market will perform.
I disagree.
If there is no TA where would you get information on how the market "might" move.
It's a way of reading the movement basing on every possible history that Bitcoin passed through.
Yes, you could say it's speculating only but I'd take that rather than a bad "guess".
Traders used all their efforts to make it, and I consider it art even with how volatile Bitcoin will move. If they can hit a 70% chance then it becomes way cooler.
That becomes cooler if we hit the exact direction of the market but it was not. Though TA plays a role as a trader, still, we live in a place that never has the assurance to make it right. May some people like OP didn't see the importance of TA but for us who usually use this for our everyday trades, it becomes a vital tool to win over making a wrong/bad decision. It can't really be perfect as we know but at least, we are not making a wild guess, instead, we are close to the actual scenario. If there is no TA where would you get information on how the market "might" move.
It's a way of reading the movement basing on every possible history that Bitcoin passed through.
Yes, you could say it's speculating only but I'd take that rather than a bad "guess".
Traders used all their efforts to make it, and I consider it art even with how volatile Bitcoin will move. If they can hit a 70% chance then it becomes way cooler.
I disagree.
If there is no TA where would you get information on how the market "might" move.
It's a way of reading the movement basing on every possible history that Bitcoin passed through.
Yes, you could say it's speculating only but I'd take that rather than a bad "guess".
Traders used all their efforts to make it, and I consider it art even with how volatile Bitcoin will move. If they can hit a 70% chance then it becomes way cooler.
If there is no TA where would you get information on how the market "might" move.
It's a way of reading the movement basing on every possible history that Bitcoin passed through.
Yes, you could say it's speculating only but I'd take that rather than a bad "guess".
Traders used all their efforts to make it, and I consider it art even with how volatile Bitcoin will move. If they can hit a 70% chance then it becomes way cooler.
Sideways trends have proved that technical analysis doesn't always mean anything.
About a month ago we hit 30k, and TA is constantly predicting a breakout up or down, usually up, but instead the market crabs sideways, something only a few people predicted, and most of them didn't use technical analysis to figure it out.
TA is such a pointless endeavor in a market that is so controlled and volatile by the current BTC price action, especially if it is dependent upon the behavior of whales.
What do you think about it?
About a month ago we hit 30k, and TA is constantly predicting a breakout up or down, usually up, but instead the market crabs sideways, something only a few people predicted, and most of them didn't use technical analysis to figure it out.
TA is such a pointless endeavor in a market that is so controlled and volatile by the current BTC price action, especially if it is dependent upon the behavior of whales.
What do you think about it?
TA is not a guaranteed or definitive way to predict price movements. It's more directional. By this I mean TA gives you an idea of what is *most likely* to happen. Based on this information you can make better trading/investing decisions. The better your TA the more likely your predictions will come to fruition.
the market crabs sideways, something only a few people predicted, and most of them didn't use technical analysis to figure it out.
This must be a baseless claim. How do you come to know that many failed to figure that out? You need to consider that most people in this crypto space are long term holders rather than considering them as active traders; simply, technical analysis is a handy tool only for active trading and definitely not for long-term holding. I'm not trying to say that all the people in this crypto space are aware of technical analysis still everyone here is very much strong about the fundamentals of bitcoin which is the key for long-term holding.TA is such a pointless endeavor in a market that is so controlled and volatile by the current BTC price action, especially if it is dependent upon the behavior of whales.
This might be one of the reason why most people are preferring long term holding rather than trying to find their fortune out of technical analysis. Over the experience, you will come to know which method will be easier and effective to make profits in this crypto space and then definitely you will switch over to adapt that by leaving off all other ineffective methods. Sideways trends have proved that technical analysis doesn't always mean anything.
About a month ago we hit 30k, and TA is constantly predicting a breakout up or down, usually up, but instead the market crabs sideways, something only a few people predicted, and most of them didn't use technical analysis to figure it out.
TA is such a pointless endeavor in a market that is so controlled and volatile by the current BTC price action, especially if it is dependent upon the behavior of whales.
What do you think about it?
It really finds be useless if we never know how to use and apply it to our daily trading life. Yes, it wasn't accurate nor to say that it is a need to make it right all the time because the truth is that we can't make it perfect due to the market volatility. I understand it having TA on your side is pointless and makes no sense but for the others (just like me), it is really helping me. I know the limit of our technical analysis and it was you also how to adjust the situation where our TA's isn't effective. About a month ago we hit 30k, and TA is constantly predicting a breakout up or down, usually up, but instead the market crabs sideways, something only a few people predicted, and most of them didn't use technical analysis to figure it out.
TA is such a pointless endeavor in a market that is so controlled and volatile by the current BTC price action, especially if it is dependent upon the behavior of whales.
What do you think about it?
Sideways trends have proved that technical analysis doesn't always mean anything.
What do you think about it?
What do you think about it?
Remember that technical analysis is just our basis whether we go for a short or long entry. As far as we really know how to read it, its indeed useful in a trade. But at some point I came to agree that sudden sideways cant show some signs with those technical analysis we used. And that enters the significant use of stop loss. Because not all the time that our technical analysis gives intact signs.
Sideways trends have proved that technical analysis doesn't always mean anything.
About a month ago we hit 30k, and TA is constantly predicting a breakout up or down, usually up, but instead the market crabs sideways, something only a few people predicted, and most of them didn't use technical analysis to figure it out.
TA is such a pointless endeavor in a market that is so controlled and volatile by the current BTC price action, especially if it is dependent upon the behavior of whales.
What do you think about it?
Not that really useless. it is just the market is way too unpredictable even Technical analysis in forex and stocks trading wont really be giving out precise About a month ago we hit 30k, and TA is constantly predicting a breakout up or down, usually up, but instead the market crabs sideways, something only a few people predicted, and most of them didn't use technical analysis to figure it out.
TA is such a pointless endeavor in a market that is so controlled and volatile by the current BTC price action, especially if it is dependent upon the behavior of whales.
What do you think about it?
predictions on where the price could possibly go.
How much more on a very volatile and unpredictable market here on crypto? You cant just expect that those analysis would really be giving out precise prediction on where the price would be going and if thats the case then we do have lots of rich traders out there.
Always be mindful that it would be better to have analysis like this rather than on making out decisions and steps without doing or applying something.
It is really having much that difference.
Sideways trends have proved that technical analysis doesn't always mean anything.
About a month ago we hit 30k, and TA is constantly predicting a breakout up or down, usually up, but instead the market crabs sideways, something only a few people predicted, and most of them didn't use technical analysis to figure it out.
TA is such a pointless endeavor in a market that is so controlled and volatile by the current BTC price action, especially if it is dependent upon the behavior of whales.
What do you think about it?
About a month ago we hit 30k, and TA is constantly predicting a breakout up or down, usually up, but instead the market crabs sideways, something only a few people predicted, and most of them didn't use technical analysis to figure it out.
TA is such a pointless endeavor in a market that is so controlled and volatile by the current BTC price action, especially if it is dependent upon the behavior of whales.
What do you think about it?
So if everything turns out to be worthless then TA shouldn't be a good source of information. Maybe we must only be dependent on social media news feed along with polls saying yes or no. Whales is really doing more manipulations on this kind of situation that we're struggling as of this days, that's why no other options but holding our coins would be the best solutions to do. Panic don't help but made us more drowned emotionally.
Sideways trends have proved that technical analysis doesn't always mean anything.
About a month ago we hit 30k, and TA is constantly predicting a breakout up or down, usually up, but instead the market crabs sideways, something only a few people predicted, and most of them didn't use technical analysis to figure it out.
TA is such a pointless endeavor in a market that is so controlled and volatile by the current BTC price action, especially if it is dependent upon the behavior of whales.
Cryptocurrency market is volatile, so you don’t just have to rely only on technical analysis to be able to predict where the market is heading to. There is a lot more to it. That is why day trading cryptocurrency can be very hard, because it is not like stock market which is regulated.About a month ago we hit 30k, and TA is constantly predicting a breakout up or down, usually up, but instead the market crabs sideways, something only a few people predicted, and most of them didn't use technical analysis to figure it out.
TA is such a pointless endeavor in a market that is so controlled and volatile by the current BTC price action, especially if it is dependent upon the behavior of whales.
Cryptocurrency is not under any kind of supervision or whatsoever. It is completely free and decentralized. When it comes to trading crypto, you need also fundamental analysis, and you can combine it with technical analysis. This is not an easy thing to do, that’s why you will see a lot of people lose money and they all quit.
Sideways trends have proved that technical analysis doesn't always mean anything.
About a month ago we hit 30k, and TA is constantly predicting a breakout up or down, usually up, but instead the market crabs sideways, something only a few people predicted, and most of them didn't use technical analysis to figure it out.
TA is such a pointless endeavor in a market that is so controlled and volatile by the current BTC price action, especially if it is dependent upon the behavior of whales.
What do you think about it?
it depends how you understand it. But i'm sure that those who knows how it really works and how very useful it is just to have a clue despite of being so volatile of market, will understand that sometimes making TA always depends on whats the situation of the market as well, and for that reason if you will not updated about what's happening of course your TA is useless and you need make another one because just like what i said it depends on the situation, so always make research before making TA to ge the real direction of the growth rate.. Indeed there's a bunch of useful indicators so why not using it tp assure your TA is correct.. About a month ago we hit 30k, and TA is constantly predicting a breakout up or down, usually up, but instead the market crabs sideways, something only a few people predicted, and most of them didn't use technical analysis to figure it out.
TA is such a pointless endeavor in a market that is so controlled and volatile by the current BTC price action, especially if it is dependent upon the behavior of whales.
What do you think about it?
The point is to have a reference when you do trading, you could either base it on your TA or your fundamental analysis. When there is a sideways, it's good to change your strategy as well like moving to 1hr or 4hour chart because it's almost just sticking to a bracket of price.
It must feel good for those leverage traders because they can still make a lot of money with this kind of trend.
TA works even on a bear market though I agree that the volatility is too much to predict but you still have to try because this is what trading for, we predict the market as much as possible in order for us to know when to buy and sell. If you did not use any TA on your trading, then expect to lose more money. Bear market is inevitable, we should prepare at all time and you can lessen the risk by using TA.
It was advisable to anyone who gets into trading and we certainly can't appreciate that if we never try, this is the truth behind that and many traders tried to ignore TA and ended up losing their funds. TA can't be perfect due to the volatility of the market but somehow it finds it to be useful in many cases either be in bear season or in Bullrun. Only we need to spend more time to analyze the market and this is a problem for some traders who just have limited time to check on the market.
TA works even on a bear market though I agree that the volatility is too much to predict but you still have to try because this is what trading for, we predict the market as much as possible in order for us to know when to buy and sell. If you did not use any TA on your trading, then expect to lose more money. Bear market is inevitable, we should prepare at all time and you can lessen the risk by using TA.
It was advisable to anyone who gets into trading and we certainly can't appreciate that if we never try, this is the truth behind that and many traders tried to ignore TA and ended up losing their funds. TA can't be perfect due to the volatility of the market but somehow it finds it to be useful in many cases either be in bear season or in Bullrun. Only we need to spend more time to analyze the market and this is a problem for some traders who just have limited time to check on the market.
This is just a tool in trading that uses a different mathematical formula to predict the market, it's more about a technical method of predicting the price and the strategy that believes in the past history that will repeat itself. Reading chart patterns to determine when the resistance and support could probably happen. This kind of strategy will most likely very easy for them to spot trends and it could be useful too if you include a fundamental strategy.
But remember that you can't rely on this and there's no accurate price prediction using this strategy. It will remain the price of crypto will remain unpredictable.
But remember that you can't rely on this and there's no accurate price prediction using this strategy. It will remain the price of crypto will remain unpredictable.
TA works even on a bear market though I agree that the volatility is too much to predict but you still have to try because this is what trading for, we predict the market as much as possible in order for us to know when to buy and sell. If you did not use any TA on your trading, then expect to lose more money. Bear market is inevitable, we should prepare at all time and you can lessen the risk by using TA.
Technical analysis has its use and if you think that it's pointless, did you ever tried to do some TA or followed someone who's good at it? I've followed some folks that are using TAs with their trades and what they think about the market and so far, they've hit what they've said that the price of bitcoin will go down $30k and they did say that correctly. The point of it is to guide the person who does it. It's true that sometimes it's not really accurate at all and can't go on with the market swings that have been happening from time to time but the point of it is for you to have an idea of where it's possibly going to go. Whether be up or down.
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