Bitcoin Forum

99 percent of the technical analysis didn’t see this dump coming!

An analysis will always stay an analysis no matter what - just a mere prediction but still can help in a decision making. We can all follow and suit ourselves with an analysis, but don't expect too much.

Crypto TA is not worth the bits and bytes it uses!

technical analysis needs to be done before we trade, but we also can not fully rely on technical analysis, experience is also very necessary, because experience is the best teacher.

One thing is the analysis, and the other is that there is no growth in the capitalization and volumes of trades, no dynamics of the price increase for top coins does not occur in recent times. And the more people analyze the more, the more often they begin to get out of this dump, exacerbating the situation.

Crypto TA? I've heard that one. Having a tagline "Trade what you see, not what you think."

Yes, I do. Technical analyst or Technical analysis is important actually. You can gain a lot of knowledge from them, may not be 100% but it can give you an idea how to deal and invest in cryptocurrency.
When you started an crypto, you are not just invested directly without doing the research.

Even most of the review or analytical which I followed completely lately failed this dump . Even till a date it was the most unpredicted reversal trend I seen till a date . Because after each stable state I found huge pump atleast 100 billion market pump but this time everything going unpredicted .

Haha, thats great! You have proven that technical analysis are shit in just single line. I liked it because I also never trust the technical anwyslis at all. Most of the speculation based on the technical analysis were saying that the prices for the coins will hike 2x the current one and here we go, we got hit by the dump in the market. This sump isn't the normal one as bitcoin fell all the way down from 7.6K USD to shitting 7.2 K USD and thats huge market cap!
I think most of TA's never predicted this dump so yes you are right that they never work their math perfectly.

Now if you go and ask this to the person who predicted pump instead of the dump then you will see that they will start reasoning about this fact and that fact and then they will save their asses.

Maybe not 99% of TA, as there definitely been more than a few analyses pointing to a longer and more sustained down trend. Even the headlines of the past week have been more or less 50/50 on bull and bear predictions from the experts.

It just goes to show that any TA should only be used as guidance, not as hard facts. Still, the markets are fickle and can move very quickly. This is also a weekend reaction, Monday should bring even further reactions.

We must realise if all chart can be predicted
including chart on crypto, if we fail to predict dont blame TA, maybe we're noob to use TA
I still listen TA, bcz I believe trading n TA are unity. cant separate
but dont forget to use FA. FA n TA are important

Monday Asian time: The Japanese might sell hard so they can buy in cheaper!
Alternatively they might buy and create a false sense of security and then sell down the track when all the suckers have bought in.

Technical analysis are good
But you need to be careful too

Get a lot of technical analysis from expert
Make your own personal research, study the wave chart and conclude your own idea with experts idea
I believe it will give a perfect result

Just don’t give in to fud or fomo

Be smart

Why 99 percent? There always are people who draw lines describing the upcoming bottom, but nobody retweets this ;) Because nobody likes it.
Also there are people who draw every single line of every single movement sayng something like "the price will go up high, or low, or maybe flat, one of 3 is 100%" :D

Technical Analysis cannot always be relied upon because its just the price prediction and not 100% reliability that the things gonna go up or down. After all the market just depends upon the emotion of the people.

Almost always, if the coin has no important news in the near future. Only in this case technical analysis can be useful. In other cases, I am guided by market position and possible mass of the reasons for the dump.

Correct! There is very very little people who make proper comparisons and true research. They just pull up some charts, change the data ranges, change the timeframes and everything is conveniently laid out.

Take a look at this dump last night, for example. It looks big, but the volume was $4 billion. That's not even 25% of the daily volumes we saw in January. So all this context is lost. We only see RED RED RED. Does it mean much? Not to me.

I think not techncal analysis does not work in crypto, because it is quite unstable still.
May be in 2-3 years it will become less volatile, and then it can start working.

Technical analysis is very effective when you are a day trader. It shows a chart to the point where you will have an idea when to enter when a long downward red bar shows up. Well, i dont listen that much to technical analysis and I prefer trusting my own instinct. We should always control our greediness and discipline is a must in trading.

It is my situational thing to look into TA. I only use it for historical reasoning to invest at that coin. I would look into its past history on how did the coin run in the past if it is simply just a pump and dump coin or is it really slow growing coin. The TA will surely tell you if it is gonna be worth it to invest at. You're not gonna depend in it too much to get the best sell you can do in the market.

Yes, I also consider listen technical analysis from the crypto experts however I still do my own analysis by checking on the price graphical chart movement every week and keep updated on the actual price value of btc and alts on daily basis at coinmarketcap site. With your own
analysis and with consideration  of the analysis from the experts, it could be of big help on your plan investment and the right time to sell your coins.

See the candlestick is so boring, at least with me. In my opinion, in crypto currency market, where everythig was controled by "Whale", the technical analysis is not inportant. We still can analysis to know how price i can buy or sell, but we must read many news about crypto to decide

Not all the time since crypto is different from all the other markets like stocks, and forex. Things here doesnt work like they predict it to be, some trends are not usual and still needs further study.

No.

I dont like to, TA will never work in crypto due to it being around for so little. We need more time to analyse more markets

you are right, the analysis is just an analysis, the analysis is a set of observations of each person, no one can guarantee that analysis will be a tool of truth, sometimes analysis will only be appropriate if we agree and feel it makes sense.

technical analysis in cryptocurrencies is not that effective as in stockmarket and forex because crypto world is the most volatile among them and this TA's is only used when you have no source of news to a specific coin(because Fundametal Analysis is the main factor among new coins ).
most of the crpto trader whales are from stocks and forex that is why they are on to TA's so i better trust my crypto guts than TA's.

Technical analisis is only useful if you are experienced in it. In any other cases it is a waste of time nothing more. Speaking about technical analysis without knowledge in trading not the best way to earn money. And ofc any analyze can't predict any event with 100% accuracy.

Actually technical is good for non news coin and its one of the good analysis but nowday its become worthless becaise of this recent market condition . Even till a date it was the most unpredicted reversal trend I seen till a date . Because after each stable state I found huge pump atleast 100 billion market pump but this time everything going unpredicted.

I think that nobody can foresee exactly what awaits us. Therefore, don't rely 100% on something like technical analysis, however I believe that it is still worth paying attention to it

Technical Analysis is just an analysis. No one knows if it will really happen. However, it is still a acts as a guide when to buy or sell. Just keep track of the coin and trust your instincts.

Technical analysis is for reference only. The market is influenced by many factors including unpredictable things. So I reward trading with my own feeling.

Technical analysis works considering many factors and previous situations. It can help you read market in more precise way and many time you can make profit from it specially when some big news is coming but In real time no one can predict anything 100% correct.

I think in crypto market no analysis will work, even fundamental and technical. Any market mostly works on news based,on this it may jump and dump.

Technical analysis is good and helps investors to at least see the direction things are going if not clearly but some level of information is gathered for them.Technical analysis is done by those who really understand the system so well.They know the ups and downs in there.

Technical analysis are just created by the past year happenings but there is no need that the history needs to repeat every time,so don't trust the technical analysis all the time just invest on the crypto currencies in the long term to make profits and don't care about the price dumps and bumps.

There is no problem about analysis but it would be a problem if you always depends on the analysis all your decision. Analysis is helpful but does not mean it is 100% accurate to the next.

I've been tracking three analysts in telegrams and all three of them wrote yesterday that there will be a Strait of about 7200. +/-

I actively use technical analysis. I always get the most accurate signals on it. He gives me 83% of the profit from the whole deposit a year.

Only one instrument can not predict the price of crypto assets. For trading you should use complex of instruments like indicators, TA and FA, crypto news and so on.

No, never. Sometimes people will follow the advice of an analysis that just so happens to come true, forgetting that all of them say different things and normally don't comply with each other. So with anyone making shots in the dark, one of them is bound to be true

Yes that is true that i have not seen a lot of analysis regarding this dump.
There were actually many posts regarding a pump in summers . This proves that crypto cannot be predicted . What you think about it is not
always what happens . I do not firmly believe in the technical analysis because honestly it just depends on daily dumps .

Analysis is just simply an analysis or it can be consider as an opinion by some expert and the only reason it becomes effective is just because of influence but everything is always depends on the community.

It only means that most of the TA's are positive and bullish. And it's up to you as a holder if you'll believe those TA's. I do believe some of interesting TA's that are informative.

But the fact that most of them failed for now it doesn't mean that they are going to fail forever. There's no basis on how long we have to wait when these TA's gonna occur.

actually, the price of cryptocurrency is unpredictable. then we can only follow the market price. if the price goes down then it would be better to hold it for a while until the price rises again as expected. and don't be easy to do panic sell because by doing it when the price was down will make the price of coin getting down.

of course I learn it. because with have a good technical analysis, then it is likely to experience a loss would be minimized. It's best if you also learn it. Because this is also definitely be very you need for continuity in trading.

Learning English is also important!

Technical analysis is an interesting piece of the crypto trading puzzle. It doesn’t work as well as it does in traditional markets, but it does provide possibilities for the future based on historical performance. Technical analysis on a micro scale such as an hourly chart isn’t very helpful, but looking at daily and weekly charts provides overall perspective on how the market is operating.

I will read about technical analysis by various analysts but i will not follow it totally, it is more like referencing. In investing, I prefer to do my own research and analyse before I push the buy button.

For me technical analysis is 20% of trading crypto, and the rest is Fundamental Analysis especially news.
Cryptocurrency price is really news depended, anyone can't deny this.
So, i'll just using TA when i'm sure the news is good.

IMO, technical analysis can be part of your decision making process but there are other factors such as fundamental analysis. I will look at all aspects instead of just relying on technical analysis.

In my opinion, sometimes it can be really hard to predict a dump season for technical analysis. My crypto investment strategy is holding, and technical analysis are not extremely important for me.

I only listen with my own analysis and not with other people's analysis. It is because analysis don't have any proof that what is indicated will really happen. There may be some analysis that became right but you can't always have a luck that almost everyday you predictions are right. Just think of this, if a whale or group of big investors have plans to pump the price of a low trading volume cryptocurrency, how would they know it? there's no way! I would rather wait for updates about the news in cryptocurrency and base my trade on that than listen to those analysis which will not give you a guarantee profit on your trades.

I always said that technical analysis in bitcoin does not work! How many lines I saw drawn, a very small percentage were reliable.

I agree with this gentleman. I doubt even more in the technical analysis, if I apply it in the direction of crypto-currency

That is my exact issue with these so called self expert. I do not know when people will understand the fact that everything in this market is controlled by whales. They still keep giving their so called expert analysis. I have lost so much money today. No one could see this dump coming. Literally no one. I ended up investing such a huge amount and market fell on its face the next day.
I will not listen to these experts anymore. I got to trust my instincts.

Yes, I do technical analize only because all this news on crypto markes just for manepulation of people. Big guys buy when small go to sell it. So don't look to the news, listen technical analize and try to understand what is going now.

I often use technical analysis only for investment, and analysis of investment projects. There is no reason to invest in projects whose technical features are unclear, or vague. A technical analysis of the market is useless thing, when the crowd waits for growth, everything falls, and when the fall is expected to grow, it is not the first year that has been repeated.

I believe that technical analysis is a science that can not always be applied to the crypto-currency market. Here it does not always work.

I'm not a trader, but I look at the recommendations of traders and wonder how some correctly guess the direction of the course of technical analysis! I think this is what it is and I will learn to do it.

Sometimes. But I think technical analysis in crypto is one of the difficult task because of its volatility, unless you are some sort of experienced trader.

Definitely true and this is why cryptocurrency market is way too unpredictable which things can happen in an instant without even expecting for it to come. You have the best set up of technical analysis but this speculative market will break those things for sure but somehow breaking up your TA doesnt happen anytime which its still worth to make use of it when you do make trades but the thing here is that you shouldnt rely too much on it.

Technical analysis does not working as good as in Forex market for example just simply because of one reason - crypto market is a way more speculative compare to traditional financial markets, that's why technical analysis will never predict dumps like this before regulations will be accepted all over the world.

Technical analysis is not 100% accurate and gives us an idea of where the markets are headed. The break out from support and resistance really gives a clue if we are going bear or bulls. So yes, it does work, but is not 100% accurate and not immune to FUD.

That is more reason we need not to pay utmost attention to some of these analysis. Although, they might sometimes be true, but i see all as just mere predictions, which might either be positive or negative.

No, I just look at the news background and the prospects of the coin itself.Perhaps the technical analysis need to trader,but to the investor it is not needed I think.

Not always. I like to do it myself. Sometimes I only listen from reputable guys who already gained their fame in crypto. Actually, technical analysis doesn't make any difference in my investment, this is why I ignore it.

Knowledge is power. Without it nothing is possible. We all know crypto market is very interesting market. we need to learn many things about this market. Some people gain their knowledge by visiting and investing lots of time spending some money or make partnership whit someone who has a better experience than him. But most of the cases it is not possible to trust some one where the thing is to invest money and most of the people don’t trust other people in that case. So any beginners who want to know and use this knowledge to achieve something from this place they must have some mentor who guided to how to work how to invest how to deal how to trade how to be safe from fake people in this market, their mentor will also teach them about which trade will bring profit to words them. How to predict the market. In short long story short every beginner needs some technical analysis.

For the ones who are there in the world of the crypto currencies especially the traders, this technical analysis is the most important thing to do as this is something which then helps them in having some fair idea of the market value of any of the crypto coins especially the ones which they have in their wallet and that based on which, the investors can then make some better strategy to deal the situation efficiently.

yes i highly agree wirh you. It doesn't also imply that you have to depend on someone's technical analysis, but instead you can gather informations from those who are showing how to analyze the market and then make your own analysis. In short you have to learn from them and make your own deduction.

Neither did Fundamental Analysis says anything. This is how volatile  crypto work is a minute you see things going very well next minute every where is red. Although TA gives you a fair idea of what could happen but nor when.

I think personally, the price of cryptocurrency is unpredictable. then we can only follow the market price. if the price goes down it will be better to hold it for a while until the price rises again. Some experts and the only reason it becomes effective is just that of influence but everything is always dependent on society.

I never stop analyzing. Because there are many factors that affect cryptocurrency, it is not trustworthy to analyze it from only a few aspects.

Yes for sure. Analysis of the market is analysis. You have to understand that no one can predict the market for 100% sure. We use all these things just to get an idea. You know that the chances of the market is most of the time 50-50. But by doing technical analysis we can predict the market with higher probabilities like 20-80.

I gradually begin to understand that technical analysis does not work at all on the cryptocurrency market. Otherwise, everyone would be talking about correction.

I don't really trust third-party tests! Sometimes when making decisions and I can listen, but my principle is that I try to think and make my own analysis and understand what itstviya I take! I think it is more important for me!

I don't do that. Crypto market is very unpredictable, so I do my investments based on my research. If its good, then I'm happy and if not, its still on me

No, I don't trust technical analysis because all the altcoins growth is due to the news. Many won't agree with me but unfortunately this is true.

Technical analysis is the best way to predict price movement in the medium and long term. But you can not use only one method for forecasting prices and therefore always compare technical and fundamental analysis.

Technical analysis is the last element that I use to determine the buy-sell area of ​​a coin. Before that I had to study very carefully the coin I wanted to invest and the news that could make it grow in the next time, having chosen the good crypto, technical analysis will help me optimize the profit when choosing the right buy point.

From my stand point there technical analysis would be a 50/50 prediction if done correctly and will certainly help you on deciding what to buy to maximize profitability so learning it would certainly help. The only problem is that some technical analyst over hype their predictions without a consideration the dips that might happen. Still we should always be ready whether the market will dip or moon and ready our strategies depending on the scenario.

It seems to me that you need to become a professional and make predictions yourself, not to look for those guilty when we follow someone's tips and forecasts. It seems to me that professionals always have a certain intuition in their activities.

The crypto market is a young market unlike forex trading wherein its been existed long to conclude an analysis. That is why i never based myself on a technical analysis to check the market. On the other hand i am more agreeable to fundamental analysis wherein current events shakes the crypto market.

i would say it does help although not always accurate it's still something that gives you further confirmation on how the overall market will react.

Technical analysis is just a guide for us. Like me I still considered myself as a newbie in the industry and I find it helpful. Although it is just a prediction but this predictions have its trend that follows. And most of the time what the technical analysis happened. But actually the decision is still yours to follow this is just a guide. But if the analysis is negative I prefer to be optimistic than to follow what they advised. Sometimes it is just hope that helps you to win over negative predictions. I trusted more the capability and capacity of crypto to handle down stats in the market. Better be positive if predictions goes negative.

I just read all of its explanation if it is a positive one and I avoid the negative ones. I remember that I love reading many technical analysis when bitcoin and altcoin are going to the moon. Then, I realized that it's bad for me because it stopped from selling which made me miss some of my profits.

Lol, actually  I think such statement can be made by a person who doesn't familiar with technical analysis. Most people were ready for the dump  and waiting for it, the open short from 20k and ride until 6k

It did not work in this case, as the cryptocurrency market is very manipulative nowadays. But without knowledge of technical analysis there is nothing to do.

I will use technical analysis as one of my references for purchasing cryptocurrencies. Although I don't believe in these analyses, these analyses can also provide me with some ideas!

technical analysis does not work on the crypto-currency market. Only a fundamental analysis: news background, rumors, a new product and partnership agreements

All analysis can still work ( whether it is technical or fundamental ) both of them are still needed because they will help us to be more knowledgeable in cryptos.  we need to do analysis so that we are aware on what is the coin we are investing or trading.

But overall , luck is also more important because we cant still dictate on what will be the flow of crypto market even if how skillfull or knowledgeable we are.

Technical analysis has a number of positive qualities, and Vice versa. It is definitely worth listening to, but build your strategy based only on it is definitely not worth it.

I think technical analysis do work in high volume markets like forex and there too not always, crypto is little bit different, mostly it is based on fomo and fud, technical analysis is less effective on crypto at the moment but as the volume grows over a trillion and market matures a bit i think technical analysis will also become helpful then to find best entry points.

No i don't think it works in this market

Analysis is just an analysis. Every persons has there own interpretation of the chart . I would rather buy because of the coins' roadmap, whitepaper, number of followers, continues partnership, conference etc. than based on technical analysis. So I dont depend on technical analysis.

no i don't listen to them although some of their analysis are almost true.. watching about their analysis and its done

I see traders posting about technical analysis. They seem to be earning by the looks of it but I don't really fully understand what technical analysis is. I trade by looking at past graphs and volume. I'm not an expert trader so I need to learn more.

Technical analysis is important in the world of cryptocurrency trading, If you do not know the movement of coins prices, you will fall into the mistake of selling and buying and this puts you to risk in your money, But it is in the first and last, just expectations may be successful or otherwise, Yes, there are many experts who did not expect this dump, But we must forgive them because no one can expect anything 100% in a volatile market like ours.

If we discuss the young and new markets then talking about the fundamental analysis is trivial. There is a better type of analysis tools for making trading decisions. Unlike forex trading, the technical analysis only works in bigger time frames.

No because they are also people and they could make mistake so it is better to listen to yourself and do your own decision .
I think we should learn to make our own decision don't rely on other when it comes to investment we should be the one to control our money.
They are also people they just have the experience and knowledge but you could also do what they do if you want ,It would only take some time to know how they do it if you really want to do it too.

Do you believe that your percentage is accurate? Where did you get that?
Have some source to back that, otherwise that's an empty rate.

But actually you are right that most of us did not see this coming, maybe because we are too greedy longing for bigger prices.

Nope, never listen to that because of them are fake too and maybe get paid by some people to do that.

It's only in cryptocurrency but technical analysis in real world real market, i'll listen to it. I always think technical analysis on crypto is not 100% true.

I do my own technical analysis and somehow read articles and news about certain topics so that I could verify or even falsify the ones I read. There are a lot of things to consider for those analyses but one should also consider the unforseen scenarios and be ready with the sudden drop and rise of prices.

Nope because most of them are scumbags, I do my own analysis and never listen to anyone. With the market being volatile its hard to listen to anyone.

Technical analyses are the best but you need to feed them with news.
here is a list of tech and news mixed signals : https://bitto.io/skyrocket-trades-of-the-week/

Because they can take advantage of anyone who believes in their analyzation. I will feel better top get lost caused by i was doing a wrong analyzation rather than believes in others. It's not only hard but it's almost impossible.

i dont trust any ta.
because when everything is fine. a small bad news can make 10% decrease. no one can guess that or noone can read it in ta.
or same, a good new or partnership make 2x. who can know it

If the technical analysis is made by someone else, then you should not fully believe it. you're right, they provide analysis of course with their own interests, so don't easily believe their speculations and predictions. do analysis with your own skills more better..

Where you got that number? Care to share to us so we can analyze together?

We don't know if that is true or not because of the crypto market unpredicting. I don't listen to technical analysis from other people, but I do read their analysis, and I will make my analysis and used their analysis as a source to compare or get more information for me. It is better we analyze than depends on the other people because we don't know how they analyze that line.

yes definitely, but I don't trust technical analysis only because if you are go with only one trust it will be give some less confidence so making other analysis are also important for everyone to be confident to invest on anything.

You can't wholly say that technical analysis are dead. Ledu listing on latoken proves otherwise.

Yes, that is true, technical analyses is so good that it should be used more often in daily but as many people said, we can not see what will happen in the future, we can see analyses to prepare for the market in the future not making decision base on this, anyone think if the market bases on techinical then surely they will loss money very soon.

I used to do it, but soon, I found that technical analysis does not work. I am trying to use my experience and different trusted sources of information when I choose altcoins and work with the cryptocurrencies.

Most of the time, yes I am following technical analysis. But of course I confirmed it with the other groups. There are times that technical analysis cannot detect immediate pump and dump. Especially when whales are about to enter the market. Even the strongest TA will be useless.

True enough. There's only two outcome in trading and it's either going up or going down. Each of us has a prediction and we know that traders always hope for gains but this market is highly manipulated so ta does not really do much and just another tool to hype some newbies.