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 I am still of the opinion  that doing analysis on the candle sticks really beats just depending on indicators, understanding the candle sticks and it's formation feels more reliable especially after investing in knowledge.
I feel having alot of indicators can be really misleading.Just my opinion, does anyone think otherwise?

You are absolutely right. Candle sticks nonly show some information which can help but if you follow it 100%, you will notice that you are losing. But indicators are still very important despite that they are not accurate. When indicators is tell you to buy or sell, you just need to wait a little longer at times or not going in all with all your assets at the time but avaeage instead. But you need to also be careful while averaging because it is also risky.

It's possible that when indicators confuse a trader about what the indicators are telling him, he could decide to sell instead while other indicators are telling him to buy. There is the thing they call "paralysis by analysis" where a person overanalyzed the market and the more indicators he sees on his chart the more confusing where the trend could go.

For many traders, trading just by analyzing candle sticks alone is not going to be helpful as most traders would need a confirmation of their analysis thru the indicators.

Traders who thinks studying the candle sticks is a best strategy to always win the market might be mistaken because there're lot of market conflicts such as confusions that that candles might utter.
Of course there're different individual terminologies which traders could analyze their market targets but then let's be aware that the candle sticks can be compromised as volatility of the market movements. So at this course it could lead to unrealistic signals.

Reading the candle stick is a basic thing that you need to learn first and like others said, it won't work alone. You still need indicator for confirmation and it depends in your strategy.
The important thing is don't focus on short time frame make sure to check it in the high time frame (4 hours) or higher time frame. In comparison to a short time frame, this should provide greater insight when reading and analyzing candlesticks. Use the indicator for confirmation to determine the current trend or the price where you know the price will bounce.
There's no 100% analysis you still need to learn more about risk management to reduce the losses once your analysis is wrong. Even if you have a 50/50 win rate, make sure you lose only a small percent of your capital vs make more profit.

I am one of the traders who prefer to analyze the price direction from the formation of candlesticks, but I do not exclude indicators in this case, in the sense that I combine the instructions from the indicator with the candlesticks that are formed.
For example; like when the price is in the resistance area (from the RSI indicator information) and after that I pay attention to the formation of candlesticks where when I find one or two candles that mean that the price will do a reversal such as doji, spinning top, hammer then that's where I will open a trade, although the results are not always in accordance with expectations but at least it is better to maximize my profits.
So honestly I can't say that the indicator is useless, because when you are able to use it well according to your needs then it will help you in finding profits.

Should I tell you that candle stick it self is an indicator. There is bias coming from different types of candle stick which gives one the indication of what to expect from that price point but do we really rely only on the Candle stick patterns alone. I would say No but rather we add other things to strengthen our confluence which is just same with other indicators, there are people who used just like you use candle stick to make decisions they use indicators like Fib, RSI, MAC and bollinga bands but at times they all fail if things like order blocks, Market structure and even CHoCH aren’t added. So my reservations to the use of any indicator is for any trader to work with that which works for them, a lot of this inductors aren’t that good but that doesn’t mean they don’t work. It depends on how you use them

Isn't it arguable that you analyze candlesticks and make decisions based on indicators as well though? You're basically just disagreeing on what the best indicators to use are.

Apart from that it is another of the many examples we have around here trying to pontificate on something they probably don't have much of a clue about. I'd like to see the OP's trading account and track record. I bet it boils down to a demo account and if anything a few trades with a few quid but little else.

Technical trading and price action are two strategies you can use for your trading.

Analyzing candles is for price action and technical analysis includes more technical indicators for your analysis.

The more indicators you use, the more confuse you will have and the harder you can make decision for your trading. Because with different indicators, different combinations of indicators, you can see different pictures and amateurs will not know what to do with things they see.

If you feel trading with technical analysis and price action is too difficult, don't trade if you want to protect your capital safely. Instead of trading, that is risky and possible cause loss to your capital, you can choose investment which is safer and can help you to get profit.

Websites for Dollar Cost Averaging DCA (https://bitcointalk.org/index.php?topic=5404885.0)

We will probably never know about that, but, I hope OP will find a way that would suit him. Or just hop onto DCA as JulietGarden said.

I share in your view my friend, indicators are so many but their efficacy is low. Many had bought indicators that cost them thousands of dollars but in the end, failed them. I feel for these people because they did not know the rudiments of the market before wasting their fortunes on such tools that do not work.

Most of these indicators work based on the market price, so when the price moves up and down, they reflect it, but at a point, it becomes an issue when the market is indecisive over a long period.

The candlestick on the other hand is the real market pattern itself, if one could use them in the form of the price action, I am certain that it is better. Not only that, it is also simple and strong and does not repaint like many indicators. The only normal indicators I use now are the overbought and oversold ones. I also use the ones for S/R, not to find the market trend.

Well, that will depend on your skill as a trader but following the candle sticks alone will not give you accurate result consecutive times, if you combine the candle and indicators, you will have more accurate prediction, I am speaking for my self and bade on my experience.

It depends on your trading strategy TBH. It’s always going to be the part where the indicators tend to be overwhelming and not be accurate in terms of prediction. It’s always going to be a problem if it makes   unconfirmed confluences or indication. That’s why it’s good to have other indicators as well.

If that works for you, then go do it.

nah, it's always combination of the two to know what's actually going on with the market, if you trade frequently, I think you will use indicator to confirm that the candle stick formation you're looking at will truly form.

on the other hand, you can always use candle solely to make your trade, but it's always good to have second opinion based on the indicator as well. so that you can be more confident with your predictions.

my flow is always like this, figuring closest resistance through candle formation and then reconfirming with technical indicators and then make the trade accordingly.

Well..I go by the school of thought that has a reverse of what you just said by analyzing the candle sticks, making trading decisions then confirming with the indicator, anyway depending on what works for you though.

You cant be able to trade up on market if you arent that making use of those indicators because if you do then you are just basically doing gambling. There's no way that you could be able to generate out some analysis
with some spot out with those candle sticks and doesnt even know on what it do really shows. You are just basically putting up yourself into such situation on where you are really just that purely choosing
whether going up or down without any application of analysis on which this is really that something crucial or would really be that needed on this kind of moments.

Edit:
On the thing that mentioned above that it will really be that not ideal if you do put up yourself into a condition that you will be making trades without indicators. Yes, indicators arent that giving out some assurance
that you could really be able to make out some profitable trades. When you do make out some kind of engagement with a volatile market then it will really be normal that you will really be that making use of
different possible tools on which it could really be able to help you out on reading up at least on the things that you've been dealing into and not make out some blind trade positions just because of
some pure gut and intuition.

Did you just say "you cant" na na, indicators can confirm but not dictate your trading decision, what happens to patterns, trend lines and studying the candle stick as to determine  direction, you might not be all certain with that, that's why you might need a confirmation. I have actually met traders that don't confirm with any indicator, they deal with the raw chat. Well people are different and what sorts for them too.

You can trade by reading candlestick patterns, as previously stated, depending on your strategy. Indicators will help you confirm, but still it depends in your strategy. Some other trader they combine candlestick and SMC strategy or depends on the price action those strategies doesn't need indicators to confirm the trend or the price movement of the current patterns.

Watch this video until the end about candlesticks; it should explain how to use candlesticks with other strategies.
- https://youtu.be/bZ3pffta3-A?si=JkC5Gi-wrvFrau8Q

Thank you for this video, it gave alot of credence to my earlier post and aligns with my strategy  though in combination with other strategies and confirmations

Nope, the indicators are very important for traders and personally I always use indicators for trading and those have been pretty helpful for me. I believe a good trader should read the charts and then do some work on technical indicators and in return such traders make good enough profit.

Using a lot of indicators will be a problem; decision-making will be harder and more conflicting. Deciding to trade with indicators is a type of trading strategy, but the mistake some new traders make is that they use too many indicators. There are some other trading strategies that do not involve the use of indicators.

A trader who uses price action will consider indicators, while other traders who use other methods like ICT or SMC may not care about indicators.

I get your point but my earlier post actually was buttressed on  "having alot of indicators" not really condemning the use of indicators. Don't you think it will might contribute to a confusion when it's too much on a chart?

Yes, I also understand what you mean OP, I am also a trader who also admits and feels that using too many indicators actually makes me confused, each indicator has a different meaning or clue (although not 100% accurate) but you will really feel confused about which indicator you should follow when you use too many types of indicators.

Therefore, for myself, I usually only use and combine several indicators before making a decision, such as RSI and EMA and also with a little knowledge about candle formation, which is when I see a price is in the support area (which I know after I use a horizontal line to measure the location of the trend) and it turns out that the trend in the RSI shows the same thing as well as the EMA that has crossed, that's where I will open a buy trade in some time. So actually the indicator does help but if too many indicators actually confuse you, then of course delete some and use some of them that are most comfortable for you.

As someone that have fucked around with plenty of narratives amd meta in trading, I can say for a fact that the most successful traders I have seen barely used indicators and if they use, it's at most just 1 indicators. The way the use indicators is quite different from how I use indicators and how I've seen other people like me who are not so profitable use them do. Most of these said traders I have seen mainly focus on the price action and doing raw technical analysis with just the price action. They only slap an indicator on if they need to confirm their bias.

Well, I personally use 3-4 indicators and for some people those are still high number of indicators on chart but for me those indicators are essential. I only make trades when I fully read the charts and candles and then I also take advantage of those indicators fully before opening a position.

I'm not someone who trades 2-10 times a day, I actually open very few positions on weekly basis and to be honest, the win ratio with such discipline is still high as compared to those of so many other traders, I know with such discipline one can't earn a lot from trading but it's still better to earn something rather than nothing.

Well, I also somehow agree with you that using 10-20 indicators is not needed and it's something that can ruin someone's trading experience but it's quite normal to use 3-6 indicators as those can sometimes help a lot in having winning trades.

Lovely..you really sound like quite an experienced trader and I admire that especially where you talk about discipline in trading that makes you strictly adhere to the number of trades you take in a week.  Guess That's a powerful tool alot of traders haven't acquired.