Bitcoin Forum

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?

Technical analysis isn't pointless, it's just the cryptocurrencies way too volatile/unpredictable. Although, there are some other analysis in the long-term that seem to actually work. One of them is the S2FX model. (Short explanation)


The stock-to-flow is a number that shows a future price based on the production rate and the days that are left until that date. For example, gold has a production rate of 3,200 metric tones per year (by 2019) and there is an estimated number of 185,000 tones of gold in the whole world. Put it in the stock-to-flow formula and you get:

185,000 / 3,200 ~= 57.

This means that in order to extract the amount of gold we already have, it'll take around 57 years of non-stop mining.

In Bitcoin that isn't true, because of the halvings. We can't mine more than the current amount of bitcoins which makes it much scarcer than gold. I remember there was mathematical model that predicted the price like this:

Bitcoin price (USD) = exp(-1.84) * SF ^ 3.36

If you enter the today's values you'd get:

exp(-1.84) * (18,739,856/328,500) ^ 3.36 = $110,421.

Sure, it won't always be true, but if you notice the image above, it approaches it.

TA is far from pointless. The only problem is that TA doesn't work alone, many other things have to be also correlated with it.
That's what makes 24/7 trading so difficult, else everybody would do that, isn't it? A seasoned trader might now when TA works with very little other influence and when he should take the other things into account or just stay away for a while.

in vain for those of you who only have capital to learn TA in an instant, which aims only to read the direction of profit. doesn't that look bullshit.

Technical analysis will be useful when people who use it understand and really understand the usefulness of each indicator. but things are different for those who do not understand, then no matter what if without learning, it will not feel useful and do not know what benefits are obtained from technical analysis.

So who useless? technical analysis or users who are limited in their capabilities?

TA is just an auxiliary method, so it can't be blamed, because it depends on the user.
do you understand?

https://i.ibb.co/Hr0SMCh/image.png

Depends on your strategy and your style: trading or investment, you will see different meanings of Technical analysis.

If you are long term investors, TA help you to cut loss when price breaks support in order to buy back.
If you are greed traders, with leverage, TA help you to protect your capital. If you don't use cut loss based on TA, you will lose your capital and when capital goes away, you will struggle to get it back.

Protect your capital with TA is good.

Most successful traders are making a lot of money because of technical analysis.
And does not mean that if you do technical analysis, you will do trades every time. It's part of the analysis of when you gonna trade and when you are not gonna trade, and if you are a responsible trader, you gonna practice it.
@OcTradism is right, most of the traders got different strategies, some are owning using low time frames while some are in high time frames.
We can also consider that too during sideways.

TA can only be effective to a certain extent, obviously because especially in Bitcoin, narratives are what mostly move the markets. TA is simply just a play of probabilities. Like for example, a certain indicator may indicate that it's 5% more likely that the price will move to a certain direction. Traders would then capitalize with that 5% advantage, and assuming they'd do it consistently in the long term(with proper bank roll management and such), there's a good chance that they'd make money.

Thanks. Capital is first.

If I fail to protect my profit, I have to protect my capital. If I fail with that mission, my life is gone. Cut loss makes sense because if you lose 10 or 20% of your capital, you can get it back easily.

If you lose 90% of your capital, I am sorry, you can end in the hell. Lose your mind, and do stupid things. Capital loss is the first thing but it can result in other things, your family, etc.

TA is far from perfect. However people still use it because its more reliable than fundamental analysis. You need to realise that if TA worked 100% of the time then there would be no market. With so many different TA signals out there, at one point in time could be a reason to long and a reason to short.

What determines the best traders is how they use this TA info. The smartest traders use the same TA as everybody else, however they go only with the trend and they may bail on a trade if it looks like its not going to work out. If it was this easy then everybody would be trading instead of working 9-5.

Well any decent book about TA will mention that TA is not effective in markets that have very low volume and this is because it is easy for a whale to manipulate what you are seeing and then do the opposite catching you off-guard, now is there manipulation in this market? I think the answer is a clear yes, but at the same time there is enough volume for TA to work.

TA will never tell you with 100% confidence what it is going to happen, it is only going to help you to take better decisions down the road, and if that is not enough for you then TA is probably not for you.

TA is not going to work all the time but it doesn't mean its completely useless, if you don't have belief in TA then on what basis you are going to make your short term trading decisions? Or you simply going to let your luck decides the fate of your trades?

No one really ever pointed out that TA is always correct though. Granted I don't do it, but I'm pretty sure the study behind what TA does is far from being useless. It's just that, it isn't a guaranteed solution to identifying how the market would actually move, cause if it was? Then everyone would be Technical analysts. I mean I'm pretty sure you were the only one who assumed that TA's were always right with how you actually phrased your sentence.

TA is an instrument of sorts, but it never gives an answer that would 100% be true. That'd be closer to foretelling the future than TA ngl.

Combination of TA,Fundamental and historycal of price will help us to predict where BTC will going next. Without TA we can not determine support and resistance. All trader and investor is always see the charting to determine trend of market before buy or sell, without charting and TA is difficult to decide when should be buy and sell. Knowledge of TA is the basic of trading activity, and we should be have knowledge about it before jumping in to trading/investing, we need knowledge of TA to invest in markets of crypto, stocks, comodities, forex etc.

That is what you think mate and I meant to agree with that for the reason that we can't predict right the market where to go. Even we just focus on a single coin, still can't make it right or at least being close to the real scenario.
What we just doing here is to live in a speculative market, it is sometimes we ask for luck but unfortunately, it often to heard.

But even to say that TA's doesn't mean anything to you (and I'm agreeing with that), well, I'm still using this one no matter what it takes. Because I'm still believing that in some other way it helps me more than those who use nothing.

Technical analisys point is to make a decision when or where to enter the market. All indicator at technical analisys is the picture how people act on the market. For example RSI, RSI indicate that the token/ voon is over bought or over sold. 

I think that if this is your way of thinking you may not be understanding the real value of technical analysis. Even with markets being volatile and manipulation by large players or some domino effect there is still point in trying to understand why certain events happen, it will help with your planning and understanding of the market. We all know history tends to repeat itself so there can be valuable insight drawn from proper TA.

The point of technical analysis for a trader is to find patterns in the price behavior that he can exploit for a profit. Now that doesn't mean a strategy will work all the time and in market. Sometimes you need to tweak, scale up, scale down, backtest more, etc.

Developing profitable strategies for trading is no easy endeavour, otherwise we would all be out there printing money like crazy.  ;)

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.

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.

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.

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.

for technical analysis I think we can do it quickly, because it analyzes the chart. but to do it requires a good mental. sometimes after we open a position and the floating minus comes out of our framework, then we are still not willing to accept losses

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.

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..

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.

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.

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.

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
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.

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.

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.

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.

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.

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.

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.

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.

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

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.

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.

I am a big fan of TA I had been using it for trading for long I used with few indicators coupled with Price Action although fundamentals drives the market however versed traders knows how to use  TA and make profits consistently it very obvious we are in a bearish market experienced trader utilizes TA to short trades thus making profits.
 My own way of using TA is based on price action at a support or resistance zone once the price is rejected or bounce off I watched out my indicators for the needful eg price making lower low and lower high for short and higher high and higher low for a long trade.

People who had come into trading do not force to us use TA on their trades, it was an individual choice. But having TA's on our side will certainly have a huge help however, not all the time it is find to good and perfect, and so might some people never appreciate. I do understand how desperate you are OP saying TA is pointless and nonsense. You might not appreciate this time but if you engage more in trading, may you find out what it could help for you to achieve your goal.

^ These both technical and fundamental analyses will always partner in solving trading if you understand the technical side, of course, you will also pay attention to the potential result of the fundamental so it could have a result of a percentage of possible profit in the future.
The point of this tool is just a tool that can help you to increase your chances of making a profit in trading.

It is just a tool to help you understand the market, and yes, it is not the ultimate way of predicting the market especially crypto because of it is high volatility in nature and a lot of unpredictable factors that are influencing this market. But to have the TA knowledge will improve your understanding of what's happening in this market. It may not be the ultimate solution but will aid you in understanding the market in a deeper way.

Pointeless endeavor? No its not and you would able to tell for yourself on how important this kind of analysis is because this market doesnt always react nor workout when you are just tending to make use of fundamentals.

You would really be finding for technicals to be that relevant when you do trade and make out investment into this market.It is way more better to have these kind of analysis rather than on making out positions without any basis because that surely talks about gambling.

Its just normal that analysis doesnt really work from time to time and thats not surprising because if this market had been working precisely with technicals
then for sure lots of us is already rich and making easy profits.

Technical analysis is crucial for everything, of course when combined with fundamental analysis it is usually one of the best tools that investors can trade, in my case, I analyze the market by Wyckoff's theory taking into account the advice of Livermore After being clear about what to do, I apply the technical analysis (without seeing news of any kind) this so that it does not interfere with my previous analysis, since the only news that I know that can intervene in the market are the fundamentals, the technical analysis that I do it makes me much more precise to establish my positions in the market. There are many who use only technical analysis without applying the fundamental only following chart patterns, which is not bad, but it seems to me that it is much more risky.

You need to remember that both technical and fundamental analysis may go wrong when manipulations do happen. For example, any business which was running too good until pandemic, and then may started facing hard time due to lockdown and other pandemic related consequences; similar to this technical analysis and fundamental analysis may fail against hard manipulations of whales; individual traders cannot do anything against that.

In my experiences, sideway market is predictable and it will move as per exact technical things. If you are good in technical skills then you can easily make use of sideways market for short term trading to make quick profits.

No you're wrong technical analysis is not pointless it's that the market is really volatile and the technical analysis was not always followed. Most of the time the technical analysis were right that's why we always have support and resistance, retest, fake breakouts, etc. they are part of technical analysis too.

Probably sideways market is complete unusual for crypto traders as they are used to enjoy either strong bullish or bearish markets at most part of their crypto trading life. It means when they need to encounter something new and unusual, they find difficulties to tackle market directions which could a reason for people like OP to blame technical analysis rather than improving themselves suitable for market conditions for easy profits.

Comparatively making profits on one-sided market is easier as its highly predictable nature; but if we want to stay in crypto crypto trading with consistent profit making then we got no other go except improving ourselves in terms of technical skills.

for short-term traders I think technical analysis is the main reference for determining action. we can see support and resistance on the left so we can determine the buy or sell area. although the cryptocurrency market is manipulated, I think trading psychology has a lot in common for every trader

Either short-term or long-term trader they will still use TA for their trades. It is a tool to help them in making decisions but due to the volatility of the market sometimes we think it was useless. I'm also saying that before, but I realize I was wrong seeing a huge difference when going trading without TA and you know what? The result is totally unfavorable and more often you lose rather than earn profit.
TA is just one of the trading tools that exist but it has a huge impact when you don't know how to make it, that even worse if you have nothing.

TA is pointless if you only depend on one indicator and only depend on TA without relating them with the possible news upcoming. However, TA is kinda two tail. It sounds like economic prediction where most of the economist put individual opinion and they may have different prediction. TA works in the same way. It may or may not happen.
You must not rely on TA only. Relate other factors too to get a closer output.

Having multiple strategies which are based on different technical analysis will help any trader to avoid frustrating  situations which might happen due to failure of one technical analysis. As market is influenced by many different factors, we cannot expect a single technical analysis will cover all those factors to predict the direction of market for that particular day. We must need different kinds of technical things to analyse each and every factor of market so that we could get more accurate signals.

Improving yourself could be possible in terms of technical analysis by learning and developing multiple technical strategies for tackling market volatility. When you would be having multiple strategies then definitely you will get more opportunities regardless of how volatile market is trading one particular day.

TA will not always predict the correct movement and I think technical analysis and fundamental analysis are more potent tools for altcoins' trading than they are for bitcoin's trading. We all know that bitcoin is always at the target of the governments, large scale investors so it is near impossible to predict the sentiment in the market.

Also keep in mind that manipulation is more severe in the bitcoin market as compared to the altcoins market because it has the highest market cap and whales always target something that doesn't collapse if they suppress it. Imagine if whales suppress and short sell a new and lesser-known coin, chances are it might collapse and become dust which is not what the whales want. They just want to buy it during the times they suppress it so they can sell it later at much better prices while also earning from their shirt selling of it.

You don't need to castigate technical analysis just because you could not use your indicator properly. Maybe it's showing you an opposite signal which is contrary to the trend of the market. Remember we don't use indicators in isolation which is purely true. We use indicators as confirmation to strategy that is been used, not complaining about a single indicator in isolation when we all know that indicators lag alot.

Exactly, you should not rely only on the technical analysis, you must also look around what happened to the bitcoin community, what is new, and what is a trend as of now. You cant rely upon pure chart plotting, therefore, there should be a fundamental analysis that you can also use to determine the right forecast on the market price. Even though it is not accurate but at least it almost there your speculation on the price.

The total point of technical analysis is to determine how to forecast the market situation so that you can apply it in your trading activity, you need sometimes to cut loss to prevent a huge losses.

Well, because there is no analysis that can truly predict the market price. Everything is unpredictable and we don't know when the price will always fluctuate. The market is too volatile, there is no way how to determine where it will lead the price, the true usage of technical analysis is only guessing the market price range that should speculate nearly close to the real one. Sometimes we should look around and listen to the news, the current trend will have also an impact on the bitcoin price that the technical analysis can't do. However, some traders believe that the bitcoin price will always have a repeat itself pattern.

No instrument or indicator is perfect, just the same way no man is perfect. Systems fail from time to time but that doesn't mean it should be discarded completely. What anyone should do when this happens is to cross-check why it failed. I have observed that news moves prices faster than anything else in crypto industry. The technicals may be leading price to somewhere but once there is a rumour concerning a particular token, price either hits up or down in alignment. Also, more importantly is the fact that every profitable trader understands that most indicators fail during ranging market.

There's a different types of trading for a different asset or coin. Technical analysis is what often use because no one can predict when will the news will come. Technical Analysis is a self fulfilling prophecy that's why it really works most of the time but as you said, there is some factors to that sometimes affects TA which is inevitable. TA can't give you a 100 success rate on trading but it just give you an edge when there's no news(fundamentals) comes.

That’s right, but it’s still an oversimplification. It’s also about knowing how large the volatility is to base the size of you trade, what range to place your stop-loss, and it’s also about calculating how much your capital is to decide how much to lose before the trade is made. It’s usually 1% - 5% per trade.

This has nothing to do with technical analysis but with one's own trading strategy and personal risk tolerance. However, 5% is far too high even for very risk-averse traders, as the capital would be used up after 20 failed trades.

Personally, I trade with a maximum of 1%, but for such trades, many (of my) indicators must point in the same direction, which is very rare.

It is absolutely we can't get the assurance but at least we have something to rely on and not just only a wild guess where the trend goes. It can't really be appreciated by those who never try to use this but when the moment has come that they will open their mind and use TA, they might able to see how helpful it was. Things can be changed, as I know and as the market grows, the more it becomes volatile and the more it is hard to make TA especially when we don't have much time and huge knowledge on the market.

When these days protecting our capital against wild volatile nature of crypto markets, I guess it would be much better on being too selective while choosing signals for our trading. This way I am sure we can find the real meaning of technical analysis because when we are positive about going for trade then we will see all the signals are too good to trade with. And this is the reason, by the end of the day people are blaming the technical analysis as a pointless thing.

In my observation, technical part is only up to 50% in our success rate. The remaining is depending on how effectively you are managing your risk and emotional things and more importantly where you open your trade on one particular day where other factors like news, exchange volumes and etc are in your favor or against you.

Technical analysis is indeed not 100% correct because it is only an analysis as a pointer to where the market will go next. Technical analysis is also associated with fundamental analysis and both are continuous. Have an attachment so that both can describe the state of the market. Fundamentals can indeed be controlled, but fundamentals still refer to technical analysis. Market speculation carried out by Whales does provide a big move, it will also play a role in market psychology.
A professional trader not only relies on technical analysis but also relies on the Fundamentals and combines them.

I see it the same way. Especially newcomers rely 100% on signals and set their trades accordingly... and are of course immediately disappointed when this does not work and a trade fails.
What also helps a lot is to know the market very well, e.g. it makes little sense to bet on rising prices when the futures expire. On the other hand, major announcements are usually positive price drivers.

Relying on anything for all 100% may not work consistently because results from trading is not technical all the times like market may get influenced by news and events which may not be covered by technical indicators all of sudden.

Even after strong technical analysis, traders are hitting stoploss, then I believe we need to filter out too good signals for trading by skipping all others. This may not be possible when we are not fully aware of market fluctuations but when we experience how crypto market works then we can easily select right signals based on timing, pattern, cycle and other similar data.

Fundamentals may not help you for your day trading still you can combine it along with your technical analysis because having something than usual might be giving you extra advantage over others; it is like when all others are going for shorting bitcoin but you can keep your buying positions intact because you are believing into the fundamentals of bitcoin. It means you might have something up to core fundamentally so that you can easily make use of it in your trading.

People tend to change their technical things according to market condition which might be the other reason why they are finding it pointless at the end of the day. We must need to confident about our technical things like if our technical things are not working then we should exit at stoploss rather than we simply avoid it and go for trading randomly.

Nothing indeed, that’s why I replied to the other person that his reply was an over-simplification. Technical Analysis alone will not make you a successful trader. It also needs management of capital and the correct sizing for your trades depending on volatility.

Don’t get out of context, I said 1% - 5%. 5% is also indeed high but there are times you need to take on larger risks when the probability for profit is also very high, especially during bottomed markets.

Cant say for sure, but from what I have heard, day traders base their predictions on TA more than FA. So I guess for them it is an important point. For long term hodlers though FA becomes more important, except for bitcoin though, where you can hodl for years without having to an ounce to think about. :D

Majority of TA I have seen is news and market "analysts" talking about the market at the end of the day. Rarely I have seen any of them following up the predictions. So if someone follows that, they will reach the notion that TA is complete bullshit. But in reality it has some utility as well.

However TA is not essential for trading. Like I said, hodlers can easily ignore TA and go with the basic price charts to buy.

I look at all good coins, if at least one of them has fallen to the bottom of the price, therefore the entire market will not fall lower from this time



https://d.radikal.ru/d39/2106/0d/72af3b4c4ad4.jpg (http://www.radikal.ru)

Except bitcoin? No. Just because of fundamentals of bitcoin is stronger, we are enjoying big profits after years of holding. So, holding was discovered as a profitable way of trading bitcoin through the fundamental analysis on bitcoin's economy rules and governance. Hence, I believe we are holding bitcoins with long term plans as per FA.

Technical is only for short term trading hence your TA may valid for next one hour or one week still when a news arrive, you need to adjust your TA part again. So, I agree and in my opinion TA is just 10% for helping you to make profits.

Technical analysis has it's use you don't just enter a trade because you found a single entry signal you don't trade technical analysis in isolation. There must be confluence between at least two confirmations which could be your candle stick and indicators but alwys more powerful when it's between three different confirmations. Although cryto market is basically moved by fundamental analysis but both can be combined to maintain a good profit

Through trading volume and market movement we can evaluate and identify our trading investment, this is the point of technical analysis. This is essential in trading because it can help us determine our trading status and it is very helpful for us to make profit.

Plus, another thing the OP, should learn is that Technical Analysis is the least important part of a whole trading system. I believe Capital management, and sizing your position well against a coin’s volatility and the size of your capital should be known first before knowing your entries and exits.

I agree that technical analysis is indeed the most important part of trading that can make us profit. And technical analysis can be done by anyone
who has studied it. With technical analysis allows us to read price movements, this is what distinguishes traders from speculators who make
decisions based on other people's opinions. There is no doubt why technical analysis is very important to learn, so don't be lazy to do technical
analysis before trading.

Its part of of risk management when you do handle out about capital or simply with your funds and lots of other factors which would really be needed as a whole to have some effective trading strategy to end up
on being profitable.

I dont know on why its been asked on whats the point of TA's? Of course it would really be part of your trading career.You cant just make out some positions without any basis or analysis because that would be just
simply a gamble and thats not why we are here on the first place.

You would do or try lots of strategies when you do trade not only limited with technical but also with fundamentals as well which are commonly used on here.

It seems that people forget that just as there are strategies to trade the markets when there is a strong trend, whether the trend is up or down, at the same time there are other strategies that allow you to trade the markets when they are ranging.

It is obviously something difficult to do as there is not a way to predict with 100% of certainty that a market is about to begin to range instead of showing a strong trend, but the accuracy is high enough for disciplined traders to make money on both market conditions.

My guess is that there is always a money to be made in the very short term looking at these TA charts, however it is always a bit unsure as well because crypto is very volatile. So what happened is that in the stock world people made a lot of money based on the stock charts, you look at revenue, debt, profit, cash flow etc etc etc and you make a good amount of profit based on that, however at the end of the day there are few crashes that happen there as well, not that frequently but it did happen.

So people who came from that world wanted to use the same thing on crypto, which does work if you are doing daily trading for example, if you want to buy now and sell an hour later that is not going to be impacted by the crypto nature, however in the long term you could always have some company declare bitcoin acceptance and bitcoin skyrockets or Elon tweets and it crashes, those are not in TA at all, if you can avoid those, TA could work very well in short term.

I believe OP must have been buying and selling the current market and could have accumulated some losses. For active trading, in this current market, don’t do anything, especially if capital is low. The small profit will not be worth the stress, and trading with leverage increases the risk of losing more capital.

Technical analysis could be an exchange teach utilized to evaluate ventures and distinguish exchanging openings in cost patterns and designs seen on charts. Technical analysts accept past trading movement and cost changes of security can be profitable markers of the security's future cost developments.

yes, it definitely needs time and effort to make TA's. It can't be accurate as we know but we can't just simply ignore the importance of this trading tool if we wanted to have passive results. Just like, having TA in our trades serves us the guide to when to sell and when to buy. And people are thinking that the market is unpredictable, TA's never works perfectly but at least we have some basis and that is the advantage of having it in our trading.

It is really not that difficult when you get to understand it, but it takes time to understand it. It is like there is a locked door and you are pushing it, shouldering it, kicking it and nothing works and one day suddenly the door is opened and you start to actually understand how things work in a second.

My suggestion to people is that if you are new to learning TA just do not give up and try to make sure that you are doing what you are doing very well for a long time without understanding a single thing. After you are certain that you are still working the right thing, suddenly it will all start to make sense. I know that it makes no sense to people, because not understanding a single thing and still working on it for days and weeks and months is not something people are very understanding of, however if you do it one day it will make things easier.

Essence of keeps on  pushing yourself  learning things and how will you use it to favor your investment, TA is something that only those who have focus and time to make things possible are the beneficiaries of success.

Not all have  patience, and the sure thing is, most are looking for quick ways to earned, if you have that patience and you are really keen in pushing your chances to learn, the benefits of knowing the patterns are very wide, you'll be able to expect closer to how the market will go, the chance that you'll lessen your losses and start to have a winning trade.

TA serves as  basis in building your assessments, though it's not accurate but it can be use as patterns to anticipate the possible directions and for you to able to place your position in earlier  time.

Though technical analysis is not 100% accurate the chance of predicting what will be the price would increase rather than just relying on your instinct and senses and with a lot of indicators and information about what's going on the market the technical analysis is really helpful, probably you were using it wrong that's or you missed some information how to use or apply the technical analysis in your trading.

My point was that, for bitcoin you can hodl for years without doing TA, a point to show that day traders need TA much more than long term hodlers. But I get your point too.

Lets keep the "security" word away from this context. Bitcoin is not classified as a security by the bodies governing the fiat markets. This should be clear because many altcoins scum are trying to use a statement similar to this to show that their altcoins are securities and similar to equities which is a gross lie/misinterpretation of facts.

You can use TA on equity shares and crypto but that does not make their asset class similar.

Well said and I completely agree that things like technical analysis and investment knowledge cannot be gained overnight. One has to work hard and continuously try and improve his skills.

When I was new to BTC, I always felt why we are paying transaction fees and was baffled how the system works but with time I learned how things work and why every aspect is important since it is decentralized, there is a need for it.

Similarly, when you first get into crypto trading and try to analyze various projects you will feel dizzy and bored but with each project, you will learn something new, I can almost guarantee that. And that something adds on till you actually acquire enough knowledge about your trading.

I have been trading since last 2-3 years and I have been a bad trader in the beginning. I had lost more money due to my lack of trading knowledge.
Then I decided to just hold and that made me recover my losses and in fact give out decent profits.
Recently I learned more about technical analysis and started practicing. At first I was losing money but as I learned more I started hitting my target prices.
In the last 4 trades one trade hit a stop loss and the other 3 gave out profits to me although the amount was very low.
But as soon as I get more confident I will start trading with more money. Technical analysis has helped me analyse the market better.

I think you do not know enough about TA, TA can be used to predict both market conditions and in the case of a trend to predict where it will go, does this means that TA is completely accurate? Not really, it is impossible to predict accurately what the market is going to do all the time, but the great thing about this is that you do not need it, the only thing you need is to predict the market conditions enough times and take advantage of those predictions, it is not easy but it can be done with enough knowledge and experience.

Technical analysis can be helpful and not that pointless if the OP think it would be like that. It is just that you cannot fully just depend into TA alone and that might be the common misconception that people are thinking that TA is already enough to help on trading. Technicalities might be interpreted depending on how you see it but since we are working in a highly volatile market, logical thinking and technical analysis is a good tandem to work on dealing with the market. Technical analysis is a helpful tool to help traders analyze the status of the market but it does not primarily work on full function to exactly predict the market movement for easy trading.

Good a thing you identified your area of lack and didn't blame it on anyone or system. You tackling it headlong is a sure way to redefining your ability and strategy. Thumbs up for that.

That's the way to go! Learning. Trading has to involve news and technical analysis. Anything outside these two is pure gambling and not trading. I have a friend who trades on instinct. He has been lucky so far but I know it won't end well on the long run. Trading on instinct without the compass of TA is dangerous and not advisable. Just keep on with what you're doing and on the long run you will be better and more profitable.

A combination of Technical analysis and Fundamental analysis would be much be better if you do make use of these things in both but since news arent available from time to time then you would definitely be depending on
technicals which is a bit common.

Whats the point? Of course you would be needing something to use for your trades because you cant just make out some orders or positions without any basis or analysis and making use of indicators is much more
worth rather than on making random trades which is too dumb to make.

We do put some funds or investment so we should really be that mindful because we do really value our investment.

technical analysis or so-called chart analysis, where we analyze the candles that have been formed. some use trend lines, some use indicators, etc. I think this is used according to the tastes of each trader. In essence, technical analysis is a way of approaching the market so that we can predict where the market will go

I guess your friend's instinct is really good because even I used to trade based on my instincts which obviously went bad.
Luck plays a major role in this category and at some point of time things will take turn and end up in losses.
You are right that news and technical analysis are the best ways to stay a step ahead of many others while trading cryptocurrencies.

TA is at least leading you to something rather than just being pointless lines drawn on graphs. It may not be the most accurate method of determining price movements but given that most traders use this increases the chance of it being useful. We may have different interpretations of our analyses, but the indicators, signals, etc. that we are using our mostly the same. Hence why I still try to read some TAs from established investors to see if what they're thinking correlates with mine before I make a move.

Technical analysis helps you to analyze the probabilities if the market is going up or down and is not only applied to cryptocurrency trading. This is really useful and a must-learn skill if you want to be an expert in trading.  You will know when to buy or sell at the right timing if you are able to do technical analysis. Though this often becomes useless in crypto trading if some news spreads suddenly that can cause the market to pump or dump very fast unlike in stocks where there is also fundamental analysis that can help you.

The problem like most of the time has nothing to do with TA but with the expectations people have out of it, TA is just a tool and it can be a very useful one if you know how to use it but the issue is that people want a way to predict the market with a 100% accuracy and this is simply not possible, no one can do that, even the biggest trading firms that make use of the most advanced algorithms and bots and have a full department of mathematicians cannot do this, so it is obvious a person on his own cannot do that either.

Majority of people does have this kind of mindset on where they do believe that 100% efficiency of indicators and tools could really be possible but we know that even in dreams theres no such thing that do exist.

Whats the point of technical analysis? Of course you would be doing sorts of things that would really be needed on taking some advantage towards your trades not just on making out some
position without any basis because that's pure gambling.

For you to survive into this market you would be needing TA's and FA's and of course some mix of luck and gut feeling.

Your explanation is correct. But not only technical analysis is used, but fundamental analysis is also needed to see what trend will happen next. Because technical and fundamental analysis have a relationship that will affect market prices. Technical analysis has various types using many indicators that can be chosen according to your wishes. One of the platforms that are very helpful for conducting technical analysis is the TradingView platform which is provided with many indicators to choose from and there is also a premium account available to access its premium features.

These analyses are essential for the information and ideas that they provide with regards to the movement in the market. However, despite the data being presented, these cannot be treated as sole predictors of what is coming next since these are not hundred percent accurate and are just tools to help to have a basis in making rated decisions.

Yeah, obviously data is more reliable than feelings and somewhere I was watching a video or reading an article and a good sentence caught my attention. It said "more the emotions, lesser is the confidence and higher the data and confidence, the lesser are the emotions in trading" and now when I actually relate it to my trading, I find it quite true.

Earlier I used to trade just based on what I feel and my general emotions about bitcoins and altcoins. I started doing some trading research and learned basic charts reading and although not accurate but rough fundamental analysis and now I am much better a trader than I was earlier. This all happened because I started using data and facts more than my emotions and feelings.

Those who just about to start trading could never appreciate TA but those who have been spending more time in trading will surely found that TA is very important to them.

Things said to be right that TA is becoming pointless if we never know how to make it and to use it. Technical analysis and fundamental analysis are vital tools needed in trading and we can't go farther without these things. But of course, we can't force traders to have this as that will be their choice. But I can't just think if they able to survive and reach their goal coz trading without any data as the basis, that certainly be wrong.

TA is basic especially for day traders, they should know this if they want to be successful in trading.
Though TA should not be the main basis since the market mostly moves based on news and speculation, but it's a big tool to determine the next price movement.

As I said, it's a must that every trader should know and understand how to use TA, but that would not dictate the outcome of their journey as a trader.

100% true, you can't win in trading if you just trade blindly.

Do not forget that all of this only works when the market is doing what is "expected" of the market to do, which means that if you are doing something that is expected and something unexpected happens then you will be losing money. This is not some rare occasion neither, in the crypto world there are thousands of times when the market does something that you least expect and that is why there are many people who end up losing money as well.

Like assume every chart shows that the price will go up, then Elon Musk tweets something terrible about bitcoin, or says they will sell all the 1.5 billion dollars worth of bitcoin or even sold it already, then the price will drop right? Those type of unexpected stuff does happen in the crypto world and there is nothing that you can do in order to make money when unexpected stuff happens. These analysis only work when expected happens.

The TA people are a bit of cocky in the crypto world because they have the data and others usually don't and that is why you will see them mocking everyone else. I am in favor of buying and holding long term and that's it, I am not really after anything else, however I also know that just because charts show that bitcoin should be going up doesn't mean that it will go up neither, I am aware of that but many TA lover does not realize that and make trades based on their own analysis.

From that, I understand there is a good chance of them being right, because unless something unexpected happens then they will make a profit but that doesn't mean that they will always be right, and just because they are right sometimes doesn't give them the right to be so snob about their method, sure using data to predict is a cool way but it is also not the only way to make profit.

Very big part of this industries are the news that encircling the market, like what you have said it's annoying that the anticipation is positively but new from big influencers comes up opposing your call, unexpected outcome will surely happened.

TA can bring you good benefits as long as you understand how things being played and you are very much willing to just and change your call if things is not favoring your trading position.

Definitely it is pointless on flat market conditions, TA can be useful to find entry and exit points before entering trades. For spot forex market, the fundamental and technical analysis is essential but fundamental side is what matters for crypto traders no matter what Technical side shows us. Fake breakouts are more possible on volatile crypto markets compared to their alternative financial markets. 
For scalpers, it is a bit different. You have to sit in front of computer and check all indicators one by one to catch a bigger fish. On flat markets, you have to check the oscillators for finding the bottom/top price points and trade based on the values by indicators.

When it comes to fake breakouts or traps then i have experienced lots of those scenarios all of the years ive been spending time with this market.

Point of technical analysis isnt really having that precise prediction but rather presuming out possible events that could happen ahead but we know that crypto could really fucked up those TA's from time to time.

Its not really that reliable but doesnt mean that it is useless because majority of day active traders is been using this because not all the times they can use up fundamentals because there are
no news that do exist on everyday basis.

This is another issue, a lot of people use only one of them, they either use fundamental analysis or technical analysis when you can use both, technical analysis is best applied to the short term variations of the price while fundamental analysis is better suited for long term analysis, this means that if your fundamental analysis tells you a coin will go up you can use technical analysis to try to identify the beginning of the trend more accurately and yet very few people do this.

There are traders making a lot of money thanks to technical analysis.
Although they do few operations but of great volume, and only when the technical analysis accompanies them in favor.
 ;D

I'm getting a little of something bit of something here with forex analytical methods being the opposite for crypto markets in terms of what to consider but then, it might also be worthy of note that, the fundamental analysis oftens over rides all forms of analysis. Its the main reason behind the falsification of analysis hence, it just hits and the direction changes.

That's the point. Here is the usefulness of technical analysis for which it's importance is felt the most and its all technical, price action and indicator determined trading after establishing or attaining certain conditions to be true.

Like you have said there: being dependent on the actions taken by whales. That goes to show you that cryptocurrency is volatile, but that’s not to say that technical analysis is useless in the market. No it is useful, but since the market is also being influenced by other factors, that makes it difficult to difficult to actually predict the market by using only technical analysis. You will have to be considering those other factors as well.

There are people, especially day traders that are using technical analysis and fundamental analysis to predict the market everyday and they are using it to make income.

logically whales will not act every day, so only under certain conditions whales pump and dump market. from that side, every day the market sometimes moves normally, and from that technical analysis reacts, and many are successful. but of course it's not only TA that determines the success of each transaction

If you really do understand Technical Analysis,  then you'd know that it is one of the most important components of trading Analysis. You'd also have realised that Technical Analysis, for the best result, doesn't work alone.
Professional traders understand how to apply the use of TA with other trading indicators to make the most of the market. It is only when you employ the use of TA alone that you face problems like this.

there are several elements that can lead to success in trading, TA is only one of them, we must know how to use TA, but must be supported by good psychology, so that they support each other to continue to exist in the market. On the other hand, managing finances is also important to avoid greed in trading

In the event that you don't utilize cut misfortune dependent on TA, you will lose your capital and when capital disappears, you will battle to get it back. I notice a greater amount of the on-chain investigation that consider request and supply elements, spending design from whales to pack holders, mining hash rate, Human brain research and coin hanging on explicit coins and across the market.

I believe that knowing TA and acting according to it are very different things, yes you can know everything about TA but if you make moves only based on TA and nothing more than you are going to end up very upset over long period of time. TA is only good for short period of time and doesn't give you what it will look like in few months, it just shows either that day (or even hour) or it will show you a week from now at most, anything beyond that is very gray area that may not work properly.

It means you need to constantly refresh your TA every hour, to see what is going to happen and whatever move you want to make based on your TA should be done very quickly, buy it and sell it in just few hour span of time, otherwise you are risking everything to change so suddenly. That is why I do not think that anyone should trade without knowing anything about TA, but they should not use it fully neither.

Technical analysis has failed.
Market makers control market sentiment by releasing bad or good news and news. The current trend is downward, waiting and watching.

The trading floor or platform is one that is not stagnant but dynamic and as such, slight things done can affect the whole process.
Using Technical analysis in trading or investing is geared towards loss of capital and aimed at profit actualization

In most cases, in long-term trading, it is good to analyze your market of the possible positive and negative trends you are likely to encounter and have positive solutions to them when it finally comes.

So I see technical analysis as a key to compensate the effort of an investor or trader from losses.

It simple means that at which time you buy and when to enter into the market that is really simple, because this is known to you only when you study about the coins and study their graphs. Techinal Analysis is very important in trading.

This is why I do not understand people that blame the whales for every single movement of the market, the whales are too big and any movement they make can be easily observed, most of the small movements of the market are instead caused by retail investors trying to beat each other out, what the whales do is to amplify the movements of the market, so if they see a decent pump or dump happening they use their coins to make it bigger and create a bunch of margin calls against the traders using high leverage and create a snowball effect that definitely crashes or makes the market to skyrocket.

If market goes to sideways then it is very difficult to predict what is the next move of market. It is a strong indication of big dump or a big pump.
Then we keep eye on fundamental analysis, because it helps to give direction to move the market. We can predict short term trading and long term holding coins by technical charts.

The market will remain unpredictable no matter what is happening around. Having TA gives you some insight into what will possibly going to happen next but we can't fully rely on this as this will not give us 100 assurance of where the market trend goes by.

Some people that are not good at Technical analysis or even used it but still they survive, however, the chance is very small, most of them suffered big losses and they quit. That pretty obvious how their life ends up in trading as this is not easy work.

Fundamental analysis and technical analysis, all of these are vital things need to acquire in trading if we want to succeed. We can't just decline this nor ignore it as this will be the ticket to our success.

we should not blame whales, they are doing their own strategy to earn much profits no matter retail or beginer will be the victim. In this market we should not blame each other and cryptocurrency market work very cruel. Lack of knowledge must be the reason why we easily suffer loss and trapped in whales games.

Technical analysis refers to the study of how the price of a particular foreign currency pair or the market price chart of the market changes, why it changes and what its effects are in the future technical analysis studies changes in market value and builds a framework for later use in trading. Technical analysts believe that the price movement of the price chart or the price action reflects the current market price change.

It really means nothing. TA always follows FA. Fundamentals is what really matters. As long as they are good, TA will also look good. TA is like fortune telling. It usually ends up wrong but sometimes you guess it right and it makes you a believer which is very wrong.

I am not sure how do I do a FA on crypto though and that's probably the reason why TA is more famous when you analyze crypto because you can't really do a FA on crypto like you do on stocks.

Hi,
There is actually a point, always, for those who do such analysis and for those who consume it, even anyone who appreciates their assets or bitcoin if they are lazy to do it themselves, check out the TAs of third parties. Someone ever made them, will make them and does, unless they always play Hi/low blindly on prices.

The use of TA has taken on perfectionist overtones in those who do it frequently and this is fine, because that makes the successes or not of those who do it have an acceptance from the users who use them.

But in general, any technical analysis feeds on information (from any niche) that is available to everyone, which you then interpret, period. That is to say, at some point in our limitations we do a market analysis, technical or not, it is already a subjective matter, but there the point, you can not go blind in any investment, in any.

When the trend is on sideways as you said, do not place your orders for either buy or sell. Often sideways trend, tend to fall down unless and until there is a good news on the concerned coin and the trend goes up. Technical analysis is always mandatory. Just choose coins which has up and down trends. Those are the currencies that will bring profits. 

That's the idea, TA should be something exactly like what you are talking about but the weird part about it is that people do not use it that way, and crypto doesn't move like that. You can be damn certain about what is going on and you can invest accordingly, right before a break out as the chart says, but then some tweet by Elon, or some Chinese news, or whatever and suddenly it crashes.

The biggest example of this happened in November of 2018, in that month for a whole week TA looked like the price would skyrocket, it was around 6.5k and people were estimating at minimum 13k and probably then some, probably capped at 18k because the resistance was way too huge to break there, so there was a chance of 13 to 18, what happened? The price crashed to 3.5k because Craig Wright sold thousands of bitcoins all at once. This is why TA is not always safe in crypto world, something unexpected to happen is something expected here.

Well I guess that is the reason why Wikipedia calls TA as a pseudo-science.

For long term hodlers only the buying points needs some Fundamental analysis and some price charting, selling point does not need prior analysis, because they will be selling a much higher multipliers.

I can see TA being more applicable everywhere in case of day traders or short term trades. Still indicators can give a 50-50 prediction as to what mathematically the market should do at that point, keeping aside all exceptional events.

My advice to newbie traders is always to read indicators with a bit of salt, but identify Resistance and Support levels properly. So they know where to buy.

It is better to amend the topic to “What are the things that make beginners lose a lot”

No TA can predict events like that, in fact many books that are honest about the limitations of TA speak of this, if there is an actor that has a lot of money that it can on its own move the market then you are at their mercy, and we know that in the market of cryptocurrencies we have huge whales that can move the market as they want, and as such this means that we need to always be on our guards and have a stop loss ready in the case a flash crash happens.

I´m right on this point, no technical analysis is capable of predicting events that are fundamental, they are only invalidated when they occur, the idea of having a good Technical Analysis is that it approximates what is previously thought, that is, to make an analysis It is essential even in the short term so that you have time to react to any sudden change in the market or if it goes against the movement.

All good technical analysis should give us an idea of how the movement can come out if the ideal conditions for it are met, otherwise it can be invalidated, in fact I have been learning a lot from technical analysis reading many articles by alts, and there are some analysts who agree in their analysis, which can give a higher index of confidence.

Of course not, maybe some of those users might predict its happening but technical analysis is like the summary of what's going on in the market by reading it right you will know what will happen or the possible things that can happen to the market so actually it's the opposite of what you're saying, maybe at some point it failed due to the market volatility but most of the time it works.

Well explained, really. That's why we must have the ability to perform a fundamental analysis along with technical because although technical analysis gives you a rough idea in which way the market shall move, given nothing unexpected happens, the fundamental analysis gives you the confidence in your investment and the power to avoid panicking when the market crashes with uncertain events.

No matter how well you analyzed something, as long as there are manipulators and the market is decentralized, there is literally nothing much you can do to avoid unexpected outcomes.

We should also consider the other factors like the market suddenly become a place for speculative by a group of whales or even an effect caused by some hype in the market but fundamental analysis is also one of the most important factor, I always have opinionn that if people really want to invest into something they should truly see the fundamental of a coin and not just chart movement. With only chart movement or technical anaylsis things could become really ugly once the market direction turning all of sudden without proper reason and that kind of thing happen quite frequently in the market.

Technical analysis could be a exchanging teach utilized to assess speculations and recognize exchanging openings in cost patterns and designs seen on charts. Technical analysts accept past exchanging action and cost changes of a security can be important pointers of the security's future cost developments.

Analysis is also important, in the world of trading, especially the crypto market, the analysis is divided into several parts or more clearly with the understanding and techniques used, of course there are differences, if in crypto trading it is called mathematical analysis and movement of crypto activities in the market, such as sorting, parsing and so on, the criterion is to be sure of the current and future movement of crypto.

If you don't understand about analysis, it's relatively new and useless, but some analysis people have a good purpose in knowing, to do and to achieve profits in the future, overall in the crypto market analysis is very important.

There are lots of key areas on which analysis do really cover out and we have seen different types and different approach into it and its true that technicals arent really everything in crypto space.

We have seen that technicals doesnt work from time to time and this is where other analysis do sets in but there are really times that you cant do anything since the market isnt showing anything
when it comes to signals or possible price movement or simply when its moving sideways.

I dont know on why people do doubt about it, if it turns out to be useful on most people then why wont really be considering on using it instead?

Unfortunately, that is only correct when the ideal conditions are met and how many times we have seen not so ideal conditions in crypto world? When have you seen something go up nearly 16x in a year or so (which bitcoin did from 4k on march of 2020 to 64k in may of 2021) so it is just something that is totally underestimated value of how unexpected bitcoin can be.

I personally believe that doing very very short-term trading with TA, such as day trading and buy/sell within an hour of each other could work, if you buy and at most sell in less than an hour then you will be able to use that TA very well and the chance of you not facing anything unexpected grows rapidly. However, if we are talking about a bit longer, even if 24 hours the chance of facing something unexpected grows, in a week? It becomes more possible than not possible, in a month? It becomes inevitable.

The technical analysis approach used for each person may be different. many of them combine chartist techniques with available indicators, they always combine one with another until they feel it suits them, and understand how to use an indicator. Therefore, many traders seem to be looking for their identity to face the market in order to make a profit