Bitcoin Forum

Everyone knows that we can learn from the past to correct mistakes.
As a result, many economists attempt to predict the future through history.

We also have a known fact from the past.
The "Bitcoin halving" is correlated with price increases.

I'd like to pose a new question here.
What are your thoughts on using past charts(candlesticks) that similar current ongoing charts(candlesticks) to make price predictions?

When asked this question to many professors and investors, a common response is, "Candlesticks reflect the psychology of investors."

What are your thoughts on this matter?

There is no prediction that is 100% accurate, so the results of technical analysis will be subjective depending on how traders interpret price history which they then process into an entry signal. Actually, it is not a matter of trust but of possibility, in fact traders are very flexible to change the type of analysis used if it is not profitable enough.

It is what we called fractal. But I didn't rely on that when I trade because investors are not the same person as before that cause that price pattern.

But there are some point in the chart that we can trust that the price will go in that way after a specific event such as Bitcoin halving. When the Bitcoin halving occur the price of Bitcoin will gradually increases afterwards and then explode.

I don't really know the exact reason behind that but maybe there are lot of investors who waited for that which can cause the price to increase so high.

I have been in trading for a long time and traded in forex, option, stock and crypto market. From my experience i can say that technical analysis will work in crypto as long as there isn't any new events in action. Any negative or positive news about the market can prove a TA totally wrong. This is the reason i try not to trade when there is any upcoming news events or the market is volatile due to any ongoing news events.

I do believe that there are some technical indicators that can make you think "huh, people are extra bullish/bearish on this certain cryptocurrency/asset". But there's no single TA that would make you think "huh, this will 100% for sure go up/down".

TA should only be used to skew odds by a few percentage points. Not something that would make something guaranteed to move a certain way.

Id say I believe it as a guide or an acess of potential market overflow but it is not an accurate method to accomplish guaranteed risk free trading cause even though weve seen indicators we often see some output on the otherside of the technical charts. I am more on bullish on news or general output of the community. The chart plot can lie to us in every bit we dont see it working. Does any trader with perfect knowledge on trading escape a loss? I doubt there are rare or maybe close to none.

As much as we want to draw this connection to price increases, unfortunately numbers say price only responds a year later or something which means the correlation lacks concrete evidence. I understand that the Bitcoin halving isn't like dropping a rock in the water and seeing the ripple effect immediately..it does take time..

For detailed analysis see this thread https://bitcointalk.org/index.php?topic=5375808.0

Technical analysis does make use of past data, which makes is a reliable tool to predict the direction price will be taking... especially that momentum/volume is out there for everyone to see.

Besides candles on a chart tell a story of what's happening in the markets before we even connect the dots, anybody dumping, or buying big can't hide this from our chart's as all orders show up on the charts the second a buy or sell is triggered.

That's a new one for me... especially that psychology was used to describe the candles,it's definitely a professors definition but thinking about it, it does make sense as candlesticks do give out their bias(overall direction)..

I believe it, because it is one of my references for making decisions. In essence, the answer depends on how long you want to invest. Whether for long term or short term. If you want to swing trade, you definitely need to use technical analysis with a daily/weekly time range.

However, if you want long-term investment, definitely use fundamental analysis. Looking at the history of Bitcoin halvings is important. How do prices move each year? In conclusion, there is no correct and most appropriate analysis, both fundamental and technical. My suggestion is to use both. If you look at the candles that have formed + the indicators are easy to read, to see the future is still dark, you need strong news to monitor the rise/fall in prices.

Their predictions might be right but the fact that the market is generally unpredictable makes it a reason to have some doubts in such predictions. This has to do with psychology of how you view the market and believe it’ll turn out to be if it goes in some certain directions as related to what has happened in the past history. I have no much objections to those professors or investors because most often a replicant of the past always occur as in the case of halving that is also coming up.

Halving results to price increase and this has been tested and proved in 3 different halvings, this time around every bitcoin enthusiast believes it won’t be an exception either. Base on statistical analysis of past halvings is what makes it easy for people to predict the next all-time high of bitcoin after halving.

Yes, I believe technical analysis as a good guessing tool, but not as an accurate and true opinion. This is the beauty of trading, if you could calculate something exactly, everyone would be millionaires, but this is not possible, so perhaps it is worth studying technical analysis but not relying on it as truth. This is not mathematics or physics, this is not an exact science

- Past charts are really that a worth thing to be checked on on which it would really be giving out that kind of idea on how it did behave in the past. Patterns could be formed but doesnt mean
that it would be a solid thing that it could happen in the future but making it as a reference then it wont really be that a bad idea.

-Psychology or not, it doesnt matter but the main thing that should be having in mind is that using up these technicals are really that relevant or something that significant
specially if you are dealing on a market on which it is really just that too unpredictable and random.

We cant really be just having always that news and sentiments around which we could really be able to make use and this is why we do heavily
rely with these indicators on which been mainly used on the time we do engage within this market.

What is there to believe? Its all based off of mathematical calculations of prior historical experiences. All it does is narrow down the possibility of "this or that". The probability of it going the other way always remains, no matter how small it becomes. So a 100% accurate prediction is nonsense. However there are people who can predict it very nearly almost accurately. And sometimes that very nearly prediction is what wins you the profit in the end. But that kind of analysis takes years to master and nobody who is considered an expert will demand money for courses or signals.

We’re doing our best to at least get the possible price trend and yes TA works but its not perfect as expected by many, you should still adjust your analysis according to the market trend as a whole. TA is advisable for every trader, you should not guess your position to increase your chance of making a profit, the market is very volatile and its too risky, with TA it can give you at least a higher chance of making a good profit.

Since most bot is following some technical analysis method, it ought to work because the majority of trader especially those who are using bot follows this method.  I agree with one of the earlier replies that there is no 100% accurate in terms of trading since there is always a variable that make changes in the market unpredictable.  One of which is stated in the quoted reply that when a good news is suddenly released and affect the sentiment of the majority of the trader, the TA will fail since it is based on the past history of the trade.

Technical analysis gives a good idea of the market relationship depending on which we can make a good investment. It plays an important role in building confidence in pre-investment decisions. Although it does not give any specific indication. However, if you can invest with an idea on it, the amount of investment risk can be reduced to some extent. Moreover, following the trading church in the trading business should be done even though it is not mandatory for every trader. Since there is no guarantee in which direction the market will move.

Predictions are just that, predictions, I make them according to the data at hand and this also refers to the many indicators used and involves the use of charts, historical prices, patterns, technical indicators, and trading volume to identify trends, support, and resistance levels.

Technical analysis is not perfect, it has limitations because the price of Bitcoin is also determined by Fundamentals.
Therefore, Fundamental analysis can also be combined with technical analysis so that it will provide predictions that may be close, but still will not be 100% accurate.

The chart patterns or predictions of each tarder will also be different, because they have their own techniques and different points of view.

https://www.talkimg.com/images/2023/09/27/Pt6nJ.jpeg https://www.talkimg.com/images/2023/09/27/PtPvC.jpeg

A good trader doesn't just use technical analysis as a benchmark in making decisions, they also use fundamental analysis to make decisions because news on market sentiment and politics also have an important role in market changes, for example when you see a doji appearing then there must be one> the sense of uncertainty faced by investors is something like this that you can take into consideration.

For a more complete reading, you should go to the article i provided below, it explains well how candlesticks are.

[1] https://www.wallstreetmojo.com/candlestick/

[1] https://www.investopedia.com/terms/d/doji.asp

Technical analysis is an important analysis method used to predict future price movements based on past price movements. It is of great importance especially in general to determine at what levels prices are breaking upwards or downwards or at what points the buyer-seller balance is disrupted. Of course, technical analysis alone is not enough in some cases to make a profit because the direction of the market and price changes also occur with a possible news flow. For this reason, technical analysis should always be used to support ideas and analyze future price movements.

To explain my personal opinion, I'm someone who believes that technical analysis is successful because past price movements and support-resistance levels are always of great importance in determining future price analysis. Especially when making long-term price analyses in addition to technical analysis it will be very useful to follow the news in the market and determine buying and selling points with the data obtained as a result of the analysis. Also, for short-term buy-sell I usually rely on technical analysis and just check out possible breaking news and which direction the market might move. In other words, regardless of the process technical analysis definitely helps to determine price predictions more easily and minimize possible losses while maximizing possible gains.

Due to the title of the thread I thought the discussion was going to be more general, but this is specific about candlestick patterns.

Look, I have looked into those patterns in the past and at least to me they are too subjective to be of any use, there are too many different candles and when combined with other candles their meaning can change and in fact be completely reversed, and when something is so subjective I simply do not trust it, as other traders can always point out that you read the candlesticks wrong and claim you could have made money if you did things right, and by the way I also feel that way about Elliott Waves.

Using past graphs similar to current graphs can give us an idea of the situation that may or could occur in the near or medium future. But if it is a prediction, we don't necessarily have to believe it because it is just a prediction that has not happened, especially if the prediction is from someone else.

Charts for investors and traders have different purposes because their goals are different. For traders, charts and technical and fundamental analysis are useful in determining entry and exit from the market. Meanwhile, charts for investors are useful for seeing the course of trends over time so that investors will know what to do.

I believe in technical analysis but it must be combined with technical fundamentals to look at information from other sources. And we also need to look at the indicators in the market to get information about where the market will move.

If you manage to learn with the technical analysis this can be a heads up with your trading potential position you can easily manage to make a profit or to cut your loss. I don't say that the technical analysis is an accurate way but this can be a possible of getting the chance hit the target price, Base on my experience I believe in chart and of course with my knowledge its part of the foundation here if you don't know different techniques and strategy you wont able succeed most of your trades. But the counter part of it is the emotion, the ego of the person to make hold and wait or get fear to lose their money. So decision wise is a must.

I personally really agree with this. Because basically human psychology or human habits can be predicted and they can carry out similar habits every day, week, month, even every year. Therefore, in cryptocurrency trading, there are so-called candlesticks or charts that can be analyzed by looking at past history. Although in reality predictions or analysis using candlesticks does not guarantee absolute success. However, many cryptocurrency investors or traders have proven that carrying out technical analysis is highly recommended for trading in the crypto market, so that can increase chances of getting more optimal profits.

Because personally, when I want to buy an altcoin or when monitoring Bitcoin price movements, I personally never miss the use of technical analysis to strengthen predictions regarding the potential price of a coin or regarding the price of Bitcoin. Because in essence, apart from studying sentimental analysis and fundamental analysis, studying or understanding technical analysis is also very important, if you want to be more serious about trading in the crypto market.

It has been like this for a long time. People still use past data and present market conditions to predict the future of the crypto market. But recently the market has been moving with sentiments. There could be many reasons why this is happening. The increased number of users, increased number of whales, many big companies investing in crypto/Bitcoin, etc. This can affect the market to some extent where people are influenced by it and they make decisions that are not similar to the past performance. That is why the technical analysis has become hard.

But if you still want to get involved in trading, the first thing you need to learn is the analysis of the market. And what better way to do it than technical analysis? To be more exact, this is the base on which your learning is going to be built. The chances of getting a successful prediction are less compared to the past but it still works. The percentage of success has dropped due to sentimental movements in the market but that doesn't stop us from using technical analysis.

Technical analysis is created to reduce your chances of experiencing losses. So it's not about predicting 100% correctly, this is a careful analysis option based on their past experience which ultimately gave birth to a method for anticipating. It is important to remember that a method can still be an effective method and it may not depend on its implementation. Therefore, analysis creates various types of techniques for reading price movements, this is because price fluctuations are always changing.

For daily traders, technical analysis is very important and if they stay up late without doing analysis first then it is very likely that they will always lose money while in the market, because so far if we pay attention to the market movements that occur today do not always follow the prices from the previous day and we can say this only in certain events the price of bitcoin will follow its movements as happened in the past.
I believe that trading with technical analysis can provide opportunities for us to earn passive income when trading.

I do inspect charts sometimes but I never make my decisions solely based on TA. Fundamental Analysis affect my decisions way more than TA. If the fundamentals are not looking good then studying the charts has little or no meaning. Making decisions only based on TA is not a good way to make trades. You might make lots of bad trades that way and making bad trades mean losing money. If you are going to do TA, at least keep it simple. Moving averages and one or two more indicators are enough. You don’t need to know or use every other new indicator out there.

I honestly don't see it that way, no. I have been in the bitcoin market for a very long time and in my opinion we are currently experiencing one of the most stable and least influenced by emotions and feelings overall market sentiment ever.

You only have to look at the news situation and the charts from 2013 or 2017:

• Back then, every little thing was either hyped to push the price up ... or used to send the price down
• Also, one did not have too much opportunity to refer to data from the past (previous halvings, ...) and was therefore much more uncertain on the market - which of course does not mean that one should rely on the coming halving to trigger another bull run. Not at all.

Currently, news such as "India plans to ban Bitcoin possibly or not" is no longer enough to trigger noticeable movements. For this, serious events are actually necessary, such as the FTX collapse.
But what is certainly true: The Bitcoin market is clearly more sentiment-driven than, for example, the gold or real estate market.

I believe that there's higher probability of prices going up when there's a right setup on the chart. And that there is a higher probability for the opposite scenario as well. It's just human psychology that if something catastrophic happens, people will sell more just to get out before they lose everything. With the fomo it's the opposite. And wall street market cycle cheat sheet paints pretty accurate human behavior in the market. And markets follow human mass behavior so they are predictable from the psychological standpoint.

That said, I don't trust most the indicators, and imho some are just way too out there for me. But some of them most likely act as self-fulfilling prophecies, as some traders follow them and act on them. I had succesfull trades using fibonacci retrace and stuff like that. And even

Candlestick and price charts help to make predictions but it doesn't mean that they are going to be 100% accurate or right. Knowing TA is somewhat our advantage in trading but this makes us think that we are going to win the volatility of the market and predict it right because no matter what good we are in TA, things can't be changed as the market remains unpredictable. Well, at least we have some idea of what possibly be going next and are able to anticipate it. We can't make it perfectly but at least we are close to making the right decisions.

Technical analysis can lead us to the conclusion that, what next should happen in a trading pair, but they cannot guarantee us exactly which ones. Therefore, we must approach this issue comprehensively, but TA is something that I use quite often, it is related to market expectations and I think that is why it works.

But manipulators can use this for their own purposes, especially if it concerns some small-capacity coins. Technical analysis will not work for everyone, because I often see (when I watch market analysis) how different traders can interpret one market situation differently, so they will expect different outcomes and act differently based on their assumptions.

The past records are merely references to what could possibly be, they aren't exactly 100% guides to actually being able to read the future. You can say that the quote you indicated is indeed true, but it's not like it takes into account 100%, it's a zero-sum game, with that result, there were naturally people who were on the opposite spectrum and lost. Due to that, it's natural to see why erratic movement happens, because every investor often changes what they do.

While I do use history to judge the market, I don't exactly use it as a 100% basis for my decision. Well, I actually do DCA so whether I use it or not may not really matter much tbf, but anyway, I also use fundamental analysis, so it depends really. While I do trust it on some level, it doesn't sway my decision 100%.

Using previous charts to predict the future price is a good idea for people that know about the chart but one should also be aware that the past does not always reflect in the future as the case may be. There's no guarantee that the chart movement in the past will repeat itself in the future. Technical analysis is actually good but it should be seen as a probability and not with certainty. Also, using past charts is not for everyone as it require high skills in order to be mastered. Talking about psychology of investors, it's based on personal perspective and not everyone agrees that candle sticks reflect investors psychology. It just depends on how you interpret it.

The insane amount of study that you need to make in order to reach to a good level is important and many people try to skip that part. I have seen someone who studied for 2 weeks and assumed that they were doing good, that's not really how it should be done.

I believe that we are going to end up with some bad results if we are not careful and studying that little means that you are going to end up with a loss. If you really want to end up with some profits you should be making some profit and that should be the most important part. I realize that there are going to be some cases where some people learn it quickly because they dealt with trading before in other stuff, but if you are not like that, take longer time to learn.

I am not against someone trying out trading after some days of learning. It is important to have hands-on experience. You never know before you try it out yourself first. And the more you try, the more you get better at trading. Emotion control is important in trading, and if you don't trade, you won't be able to fix that or know how to control it.
So my suggestion for newbie traders is to try it out as fast as you can and always try to find your mistakes. So that in the future you can learn from your mistakes. But the important part is, only use a small amount when you are starting. Learning a little at a time is not a bad thing but stopping after learning that little amount is bad. One should continue learning while they are also implementing that knowledge. There's no limit on how much you can learn. So keep on going until you master it. The moment you stop, other things will keep on happening and you will miss out. The world doesn't stop spinning, so why should you?

If you believe in luck in trading, why not believe more in technical analysis.

Technical analysis increases the chances of predicting the price chart right, it also boost your profit since it's much better rather than just simply deciding a random trade and hoping for a big profit, that would give you only frustration and depression leading to a much more difficult situation in your trading career.

There's no question about their ability with different aspects of trading and skills they acquire, but I guess that's only for forex trading market. If you apply those skills with respect to cryptocurrency, that's totally different since the behavior of the market is volatile and unpredictable. However, technical analysis coming from experts and geniuses of this field of trading would literally come up a 60-70% chances once that principle will be applied radically.

Yes, that's right, technical analysis for me personally is to describe analysis and see opportunities at a certain point as a means of weighing before making a decision, and so far it works even though what we produce from technical analysis and the reality of market movements is a little different, but basically we can look at benchmarks for increases and decreases within a certain period of time.

And this is more precisely very useful for those who make short-term investments or trades. In other words, you don't just buy and hope to make a profit with a blind eye to market movements.

The common response that its a reflection on the psychology of people is true. the thoughts and interpretation of every trader is what is being represented in the charts by candlesticks. Technical Analysis works which i am sure of but it might not be 100% effective and i dont think that any strategy is 100% accurate. if you are technical analysis trader it will help you to be ahead, predict the likely outcomes and make some profits overall depending on how consistent you are with your strategies. once you have the mind that you dont have to be right all the time then you are good to go.

When it comes to type of analysis that could deal with then it would really be just on this two;

1. Fundamental
2. Technical

Fundamentals talking about news and events on the market neither it would really be correlated with those typical economic news and other markets which it do really correlates and connects out on crypto
space or not because having those kind of sentiments could neither be that affecting or not this space on which assuming out that this is really that correlates or connect then it is really that
safe to presume that it wont really be that a bad idea on trying to check out and consider on applying it into your analysis.This is why as a trader or a investor then you would really be needing
to be that versatile.

Now, speaking about TA's? We know that not all the time this market would really be having those kind of news and this is where making use of these tools or indicators would
really be that relevant or something that it is really that recommended on doing so.

Because many traders believe that history will repeat itself, they behave in line with history and assist history in repeating itself, that is why technical analysis following historical movement of candlesticks repeats itself again. Knowing and putting attention on technical analysis alone may work for you as a trader, but if you do not believe technical analysis and put your attention on Fundamental analysis alone, trading will not really be as successful as it should be. Technical analysis is necessary.

The technical analysis states what are the best possible things that might happen in the future.

It's up to you if you want to believe in those but those analysis were made by carefully studying the market. It doesn't just show there as a simple prediction. These traders don't just want to predict without any backed up or support on what they are saying.

There's no 100% prediction that's why it called prediction. Technical analysis will help us decide what to do next.

There are a lot of chart readings using exactly what OP talks about. You check the history, and how it moved and you check current times, and when on long enough time it does the same thing, you check what happened afterwards in the past and assume it will be the same. How do you think those charts are made, why do you think people all know what head and shoulders means, that's not just a shampoo, its a candlestick movement. Thats why its quite important to know the past, and memorize some common moves and act accordingly to make predictions about the future. Doesn't mean it will happen, it just means that there are some who uses them.

         Let me clarify: in terms of the learning process, we can't only learn from mistakes in the past, nor can we learn from other mistakes; besides that, we can also learn from the right situations that happen. I say this so that there is no confusion among others who will read what we are talking about here.

        Just like the topic being discussed here, let's use our common sense and logic. If technical analysis does not help traders conduct trading, there is no need to use it because it is obviously useless, right? That's why the reality that happens in actual trading, whether it's stocks, forex, or crypto trading, is not like that. These three I mentioned use technical analysis. Therefore, technical analysis is a great contribution for traders.

I would tell you OP that you can never see good results from TA if you don't believe. It is useless honestly to say that TA is good if you don't understand it clearly.

As you can see, traders are using these tools candlesticks and price charts to analyze the market trend and that is because they believe that this would help them predict what will happen next. Though it was not 100% but at least we have some basis for our trades and the chances to earn is higher than those who have nothing. It is clear to us traders that we need these tools otherwise, it makes no sense when trading if we have no basis as it is just like gambling that are hoping for luck.

Technical analysis is good but it shouldn't be used solely. I also pay attention to fundamental analysis. I use both of them based on the strategy that I am using at that moment. I know a trader who uses only technical analysis and makes a lot of money from it because he has experience in it.

Yes I belive in either candlestick or technical analysis, both are good strategy that can be use in trading and it is very helpful when you are starting to trade. When I started trading I only knew candlesticks, yes it is not 100% accurate because sometimes there's an unexpected things happen but it's fine as long as you know how to use stop loss or make a dca. Just like other things it is better to make research first too

That is sort of true, I mean you have to do all those type of stuff to keep it going otherwise it's not going to make any sense, all those numbers and charts and indicators would be useless if we didn't use them properly so you are doing a great job. However, you have to also realize that it's not going to be all that different and should be doing something that could win something on the long run.

I personally do not believe that it would be terrible, we could maybe try to look at it different ways sometimes, because even though TA is a great way to see how it goes, news are not that terrible neither because while it looks one day on TA, a news could make it go the other way around. So always be open for other stuff too.

Using past candlestick charts to make price predictions is a common practice in technical analysis, a methodology used by traders and investors to forecast future price movements based on historical price data
but it should be used alongside other forms of analysis and risk management strategies. It's important to be aware of its limitations and remember that no method can provide foolproof predictions in the ever-changing world of financial markets,

Ya Of course, in the trading industry, you shouldn't just be predicting what the market will do, what's important here is that you have knowledge

You took the words out of my mouth. You only believe something that work for you and that is because you believe that it will work, if you don't believe, no way it will work for you. The trading technical analysis where there and has work and hence why there are tutorials of it every meida form, there is vidoes to learn and there also PTDF, will you still say if it work or it doesn't, I have seen good traders do live vidoes to test their skills and they work like magic.

However, over dependency on anything is bad and technical analysis is not different. Try and merge them together with fundamental and also your guilty conscience because sometimes, your conscience will be fast in decision making than the analysis you have planned. In addition, don't over depend on technical analysis it becauase there is no way you will want to trade and you wouldn't use indicators and indicators will also give you wrong signal too.

This means that for the analysis itself, we must not close our eyes to supporting data in the analysis, and the news includes external data that we need to observe and see how it can affect Bitcoin, for example the FOMC results can sometimes put pressure because The Fed raises interest rates, While on the chart that we analyze shows the results of the potential for bullish on the market. Well this is where the importance is not only TA used to predict prices, but external sentiments such as the news also need to be put into your formula in calculating the potential for price movements.

Even outside the world of cryptocurrency, when there is involvement of a word called speculation, there is always a database to fall back to in order to have the idea of what to speculate. You cannot just speculate out of a thin air. There should be some tips of what has happened and how it will likely happen in the future and that is where history has to come in.

The technical analysis is all about interpreting history into a graphical form to be able to correlate the past with the present. This is a very strong to in making prediction in the crypto-currency market. However, this does not work alone, you need argument it with fundamentals. Both technical and fundamental analysis complement each other because it is what happens in the news that will begin to play out in the current charts. Also the chart shows you what will happen in the future depending on the psychology of the traders.

Whether you do close it or not but still you would really be that having no choice because if you wont really be making use of those tools and indicators then you would really be finding yourself that it is really that something relevant and something that cant really be just that ignored. Just like the rest been saying that we do know that this market cant really be having those news and sentiments that floats around
on which means that you would really be seeing that significant with those indicators or tools which you would really be needing to learn on how to make use of it.
You would soon realize that it is really really that something relevant or important that you should really knowing because you cant really be finding yourself to be that efficient with your trading
if you do just make out some blind trading positions on which it would really be causing that much potential problem which might cause into that losing of money on which this is something
that we dont really like to happen and this is why we should really be that careful on whatever things that we do tend to deal with. Be sensible and be that wise on handling yourself on this market.

At least, Technical Analysis can help us to analyze several possibilities. And this analysis is still a prediction, it just depends on how closely our analysis is based on reality. And remember that no analysis or prediction will always be 100% accurate. Maybe there will still be a miss at some point. But at least with Technical Analysis, we won't blindly predict the market. At least, it will be close, so we can optimize the opportunities we have. If the market suddenly changes direction due to other sudden factors, then this is also an exception. For this reason, Technical Analysis is one method that can be used. Not the only one.

History does repeat itself and this inferences is what we derive from the charts in technical analysis. It’s been overly planted in the kinds of traders and becomes the course to follow when discovered.
This can only be affected when we have those big investors come into the game and some news although, news hardly play out in the crypto market.

Technical analysis remains a very vital form of analysis to getting a good idea about the direction of the market, good enough there are tools to tell who’s dominant in the market and how to utilize it in trading.

It’s better to follow some form of analysis than no analysis at all and technical analysis brings you closer to accuracy.

Indeed, TA is just a guide for traders but it helps a lot to know when to place buy/sell orders. Even though it was just a sort of market prediction but it is believed that this tool is quite necessary in trading if we wanted to earn. Many traders trade blindly and as we can see, they are experiencing more losses than those who use TA. It means that it was quite effective having this tool. However, losing is still possible if we don't understand it and the other thing is that if we can't manage to handle our emotions.

I still don't know how trading would look like without technical analysis because these is one of the thing that makes trading very much comprehensive to traders so they can easily read the market without any much process. We can't always be looking for the appropriate news or how we are goinh to understand what the market is capable of doing when we depend only on fundamental analysis. There is need for us to also look at ways of understanding the market which we can get using the technical analysis to read and predict the possible movement of the market which can be through the previous charts, market patterns or structures or the use of indicators.

Technical analysis has proven to be valuable tools in making future predictions and projections of the bitcoin market, and the most of them have been confirmed to be correct by experts, whom their predictions always work in the direction predicted. Professional traders have been employing technical analysis to stay in the market and get the most out of their investment in the bitcoin market. The market is quite volatile, and I believe that understanding technical analysis can help you minimise losses and take profit where necessary in the market. To my knowledge, becoming a trader necessitates extensive knowledge and understanding of the market's technical components.

You dont need to believe the results from technical analysis nor the methodology, what you need to realize is that there are people that do. So the professor is right, it works because people think it does. They are great to find out what the current sentiment among traders is and might be coming but dont take it as gospel, probably the most important part of it. Overall theres so many factors when making a trade, TA is just one part of it.

Each kind of analysis plays a different role, each piece of research relates to a certain timeframe. Technical analysis can help you act on fundamental research that you have done at the right time, or identify the value of the instrument that you are analyzing.

Do I believe in technical analysis as a concept? Of course, it would be highly irrational to say that all activity is random and that chart triggers or patterns are always random and with no influence. Do I believe that it's highly accurate? That depends on how it is utilized. I agree with the first post that TA is not 100% accurate. This is a fact that a new trader should find quite quickly into their first try of TA ;)

Besides, TA has been made not to become perfect as there is no such thing in trading especially, as we are a volatile market. But wondering why traders are using this. This means that even though it was not 100% accurate, still it gave us an idea of what we were going to do next. Of course, there is no perfection in trading and no matter how many years you've been doing this, losses still happen. But as long as you trust your doings and your TA, that seems a ticket to survival and profit.

Candlesticks are a great chart tool, because it not only shows one price for one day, it also gives indication on how much the price moved during that day. Charts in general are a accumulation of past prices and their visualization let's already assume that there are trends. Historically we can observe that there are boom and bust cycles that influence prices. There isn't one asset that only rises or only falls in price. Volatility is a big part of trading and using technical analysis helped me a lot to find the right trading signals. The landscape of technical indicators is huge, we need to decide for ourselves which ones we want to focus on, because there can be conflicting signals. Short term trends can show the opposite direction of longterm trends and it's up to the investor on which signals to focus more. One issue with technical analysis is that the shorter the period we look at, the more noise will get into our analysis. That is why I like to focus more on medium to longterm trends, there the chance of falling for noise as a trading signal is much smaller. Also using multiple indicators to validate our analysis is a good approach. I would recommend anybody to mix technical analysis with fundamental analysis and not only rely on trading signal alone, better to double check our research before committing a lot of capital.

I definitely agree with your statement.

I mean, there is no secret formula that can guarantee a trader a 100% safe return and profit from their respective trades. If such technique or skill were to exist, then everybody would have been millionaires by this point and trading would be exploited.

Technical analysis is the skill where you incorporate all the intrinsic and extrinsic factors in determining and forecasting the price of a certain cryptocurrency. While it may not yield 100% guaranteed results, it gives you at least a basic understanding on what the current market situation is. In addition, this shows certain signs where it can affect your decision whether to invest on a certain crypto or not.

If you wont really be making  yourself seeing those candlesticks  then how you would really be able to read out those charts and price behaviors? It is really just that hard to imagine for someone to make up some

trades but doesnt really make himself getting involved with some technical analysis aspects on which it is really that hard or impossible that you do make out positions out of nowhere. This is why it would really be just that right that you should really know the basic principles on how to make use of it because it would really be something so useful and something that could really be putting the advantage if you do have
the knowledge on how to set up those indicators knowing that the market is unpredictable but at least you could really be able to plot those possible price movement on which you could be able to observe.

Somewhat its not really that precise but at least you do already have the idea on what you should gonna do, comparing into those people who do just simply point out their fingers
and making some wild guesses on which its never been recommendable on having this way and its not really that something that could make you succeed on this type of career.

I think that the bigger cause of losses would be on the emotional side, than inaccuracy of TA. I am sure (if you have traded enough) you will know that the market not only can sometimes throw curveballs that force you to reevaluate your TA, it always throws curveballs that make you question your decisions and positions...a new trader will give in and constantly make adjustments because they are not completely confident in what they are doing and/or are fearful of losing capital. A seasoned trader knows that the best way to trade, is to set SL/TP and let all positions come to their final outcome.

Inaccuracy of TA would really be a big factor on which it would really be affecting your emotional aspect on which it would really be just that normal that you would be having those reactions on the time that you are
really that experiencing it on your very own eyes. Just like been said by most people on which it is really that relevant on making use of technical indicators and its impossible that you aren't wary that these things arent that precise but doesnt mean that it would be not relevant towards trading because this is the most common tool that would really be used on the time that you do touch up this space.

This thing feels like that you are really that walking in a road without having no lights on which you dont really know on where you would really be
going and this is really that something that you must really that needed to be learn so that you could really survive this market or else then you are just simply doing gambling
on which making up some guesses whether the price would be going up or down without any basis.

the thing with TA is that despite the fact that it might not accurate, but if general traders out there are doing the same thing depending heavily on the TA itself then it will be like self fulfilling prophecy in which its gonna become effective because people make it effective, if majority are following TA guide book then you also follow it to know where the direction is going.
its just nowadays sometime the market are doing unexpected because the whales also know how to take advantage of these TA to favour their own interest.
so its not really perfect solution but sometimes it works, and with trading here, where everything is full of speculation, having thing that sometime work is already good enough.

Yes i believed technical analyses but very good to know fundamental analysis before first time so of somebody want to know about technical analyses than first need yo know as well fundamental analysis i hope.

Left to me, I believe in technical analysis. Technical analysis involve the use of candle sticks to determine the direction of the market. Have being in Forex market (BTCUSD) like wise crypto market, using pure technicals was favourable with a mix of price action, Put in consideration engulfing candles, doji, pin bars and others. With these candles pattern you can predict whether the market will go long or short and at the same time you have to be flexible because it can't always go in Ur direction.

Market movement patterns are sometimes always almost the same. So if a pattern was formed in the past and then formed again now. So usually the market direction is always in accordance with the pattern formed. Chart Pattern is also something that we have to memorize in technical analysis. Because if a Chart Pattern is formed, it is often always in accordance with the technical analysis itself. So I really rely a lot on basic technical analysis. But I don't understand more complicated analysis.

Technical analysis places significant emphasis on using historical price data to forecast future price movements. But, it is important to note that future performance may not necessarily be influenced by past prices.

I had this same discussion with a group of friends and we realised this.

In my trading journey, have been seeing things on the chart repeats its self, so past charts actually do help you to have that 100% confluence that the trade you are about to embark will definitely play out fine so past actually gives you that assurance to correct any mistakes you have been making and also help you not to have doubts.

The fact that the market is generally unpredictable causes some doubt in such predictions. I don't think technical analysis alone can make a good guess prediction accurate.  Because technical analysis is not enough to make profit in some cases.  We are now in a bear market so the market direction and price changes with the flow. There are different chart strategies used by investors and traders.  I think technical analysis is very necessary for trading.  Market movement cannot be determined without technical analysis.

Technical analysis is a very deep discipline, and while many traders concentrate on a single time frame, the truth is that if you use different time frames for the same market then you will be able to see more clearly where the market is headed and take a better decision, this will help you avoid unnecessary trades, reduce the fees you have to pay and reduce the number of taxable events as well.

But very few people take the time to actually master technical analysis, which is why some people think it is completely ineffective, when it is their skill level that is simply too low to use it effectively.

To increase the accuracy of analysis in trading, we must carry out more than just technical analysis. But this technical analysis must also be supported by stronger analysis such as fundamental analysis. So that adjustments between the two analyzes will be able to create price movement predictions with a higher level of accuracy. In fact, usually with just fundamental analysis we can see where the price is going. Now, with technical analysis, we can see the movement in more detail. Because we will know the support and resistance points which are always important in confirming whether there will be a continued increase or failure to increase and experiencing a decline again. So technical analysis alone is not enough. Because it must also be accompanied by fundamental analysis.

There are no accurate predictions, a prediction is a possibility that we believe in after doing some analysis of what will happen in the future, of course it is still a question mark which means nothing is certain, but regarding technical analysis I think it has quite a big influence or is often used in predicting what will happen. will happen in the future.
I really believe in technical analysis even though that is not the only indicator that we use, but so far there is a lot of evidence that analyzing Bitcoin is very influential from what happened in the past.

One thing that is for sure is that technical analysis for history. Like we know what happens with bitcoin during halving, that is after halving and that is bull season. That is what reflects in charts which forms the technical analysis. So if you check charts of last bitcoin halving you are most likely going to see more of bull candlesticks and that is what will be represented as what will happen again after halving, that is how the price is analysed. Technical analysis is important for traders to monitor the market but it requires patience and the longer time frame the better for the chance of a winning trade. Using smaller time frame may not give a better result except for scalping but a day trader or swing trader prefers a longer time chart analysis.

In fact no one can make predictions that actually turn out to be true. But yes, knowledge of past markets is essential if one wants to trade in the market. You can analyze from the past, what was the condition of the market then. Which gives you a good or bad sense of where Bitcoin is right now. On the other hand, technical analysis is very important. But it is never good to think yourself too wise.

I believe that TA is something that would help you try to predict but more like speculate as well. Predict is something that you try to do in order to know what it would happen, but I would guess that it is going to be more speculation, which would be just guessing and all. I know that it is going to be something that would be helpful one way or another that we could end up with a good result.

I think the best case would be just doing your TA and you could do something that will be profitable for you for the long term. I get that it is going to result with you doing a good job for one or the other. It should be quite important.

Not really. I understand that people who make trading work for them is because similar to poker, it helps them make the right decisions most of the time, which outweigh the losses with profits when the analysis fails. But seeing that very few traders are profitable in the long term, I am far from believing that it is available to everyone, as many trading courses and influencers try to sell.


You are wrong. Those who master it can make correct predictions a majority of the time.


Here I think you contradict yourself, lol.

Some market analysis does make predictions that turn out to be true but if we are to talk about overall market prediction accuracy then no one can make 100% accurate predictions.
This is the main reason why some people say crypto trading is gambling.

at least it's better than nothing. some of the technical analyzes that I got from my friends or even telegram channels are not bad even though they cannot guarantee 100% accuracy. but it at least helps me be more confident in deciding to buy what to sell. Basically technical analysis is good, at least I think the accuracy is up to 80% if Bitcoin is stable.

Using technical analysis is one of the ways to trade and understand the market. If we trade without using a technical analysis, how do we intend to understand the market and trade in a pattern that is going to reward us with profits. We can't always depend on fundamentals to enter the market and make trades. We have two major analysis we can use to trade the market which entails technical and fundamental analysis to trade and understand the market. We always use the technical analysis to enter the market if we don't trade based on the news

Yes, the prophecies of those who can master everything come true. But not all of them are predictions. A few of the many predictions happen. Because I have seen many big and professional traders lose their wealth.

What do you mean, technical analysis is not necessary for a trader? Then I disagree with you. Because if someone really wants to be a professional trader, the importance of technical analysis is immense.

The disadvantage of technical analysis is that in many situations there are several possible developments of events, but if you study the trading pair well, then in certain situations you can understand where the price should move and TA and in this case can become an assistant for you in making a decision on a transaction.

Technical analysis is just one of the trader's tools that will work if you know how to use it properly. Because it is important to be able to correctly interpret what we see on the chart, sometimes it is easier for us to see the whole picture, on past charts, moments that we missed in real time, this suggests that our knowledge is not enough for high-quality technical analysis and we need to learn, to understand it better.

Technical Analysis is very important for all trader because it predict entry price and zone price is likely to reverse, infact it give a lot of overall view of the market in term of price situation or condition if trending, consolidating and reversal all these are very important aspect of Technical Analysis, however fundamental Analysis drives the market it's causes the price to move with volatility which is very important for traders to take profit quickly therefore I am of the opinion that a trader who rely solely on Technical Analysis should also pay attention to fundamental news that can make or mar the price movement.

Totally crucial or much needed right?

Hovering yourself towards  this market would really be needing up that kind of tool or indicators because if you do make out positions or entries/exits then it would really be recommendable on making use of these things because if not then you are just simply doing gambling in the first place. You would really be finding its relevance or importance on the time that you would really be that facing up this unpredictable market
on which it is really just that something that you would really be needing to study or able to get such idea on making use of these things.

You wont really be having any path to take but rather neither be learning up FA+TA which both things would really be that so relevant in speaking about predicting prices. You cant really just
point out and make out decisions basing up with your intuition. Yes, is true that there's only two path that you could take but we know that it isnt something that ideal that you
wont really be minding about making analysis on every move you do make.

Technical analysis works as long as the manipulator allows it to do so. The manipulator has experts in technical analysis at his disposal, so he is always one step ahead. Therefore, you cannot blindly trust technical analysis. You need to be guided by other tools and also trust your intuition

There is no amount of Technical analysis that will work if the manipulators are the regulators as well. It's the outside factors that indicators can't see that surprise traders with sudden movement of prices.

It's only the halving that guarantees the rise of volume and price of BTC. But even this somehow they are already making some manipulation from the outside like the community who wants bigger block size and the opposite side. And then trying to turn BTC into POS.

Having in-depth TA knowledge would allow people to have some sort of return that would make sense, it should be important to be a lot more careful about what they do, and that could be important to what you do. Doesn't mean that it will guarantee an income that should make you return as much as possible.


This means that you are going to have a tool that would allow you to get a greater return when you possibly could, and should be something that could return with a profit if you are careful about it, but that doesn't mean that you are going to end up with a result that should be simple, it is going to be something that will take a while. So always end up with a return that would make it smart to enjoy, and not a lot of people will be using them so you will have an edge over those people.

Having a technical knowledge would really be always having that edge compared into those people who do have zero knowledge about these tools and come to think that this is really that main thing that you should really be knowing or needed up to learn for you to sustain or survive this market or else then you are just doing simply gambling because having those positioning without any basis which is it really just like gambling and this shouldnt really be your approach towards your trading sessions. Although we could really tell that there's no such thing about precision of those  indicators but doesnt mean that it is really non relevant on trading field.
They arent been created for nothing or having no use or something that could help out a particular trader.

Its always been important that you do have technical knowledge because hovering yourself into this market without sufficient knowledge and skills would really be just leading into bad experience and loss of money.
Who do really likes on losing money? None right but in stepping into this field then losing is inevitable but the importance on having this learning or skills is that you could really be having that edge compared into those people who dont have the idea on what they are doing within the market. You would be needing to survive and some are really just that lazy and this is why they do decided that they would rather be
following someone with those trading signals even if it would means that they would really be needing to pay up some bucks for that which is really that sad.

I read a very interesting idea about technical analysis, how it was created in order to control the masses on their expectations. This may be partly true, but it cannot apply to all assets, since there are so many of them that it would be very difficult to implement. In any case, if a figure is formed on the chart, it can attract a large number of traders and in the end this will lead to a certain result, and how correct this decision will be will depend on our ability to understand TA. Sometimes you need to be able to have your own point of view so as not to blindly follow the majority.

That is not the case at all, not even remotely relevant at all. It's obvious that it is doing well enough and shouldn't really be a big deal, I believe that we are going to see it change for the short term and we are going to end up with something that will benefit people. TA has been one of the most consistent forms of making a profit and if you believe that someone created something to control the masses that resulted with us making a profit then thats your own mistake.

I mean why would they do that, so that some of us would make some profit and be calmer about the whole world? I think it is clear that we are not going to end up with anything that would upset anyone if you follow TA very well, it should be a good way of making money for the most people.

My thought on this – Look at how big ships are, yet what controls them to meander through seas is a compass. That's what candle patterns do.

Look at snakes, they've very poor sight. Yet they move around and catch preys. What helps them do that is the sound waves released by preys. If preys remain still, snakes are definitely going to crawl pass them or over them without knowing they've got preys there. That's what candlesticks do. They help traders catch trade directions.

Therefore, invariably, it's a given that candlesticks/TA are very essential in trading. They're the navigation tools every trader should be looking at. I don't joke with candle formations. I wait till the very last second to see a candle forms. Anything can happen within a few seconds before candles close. So, it's advisable to wait till they close and begin to form new ones.

Price movements make us analyze, so that we can read something that will happen from the price movements that are formed. Even though it's just a prediction and of course it can be wrong or right, we need anticipatory steps. Therefore, technical analysis is needed to get around this. Technical analysis can also be done by placing available indicators, and of course we must be able to master the use of these indicators, to be successful.

Not everyone is able to master each of these indicators even though they can analyze them technically from charts that have been formed in the market. I am still a little overwhelmed in analyzing every indicator in the market because the potential for error is much greater than the potential for error, so this needs to be studied thoroughly through people who have really mastered it quite well. Because things like that are always difficult for anyone to get around because they are related to price movements in the market.

It's quite right that we learn through our previous mistakes and that will make us not be victims in our trading and also during investment we instigate and calculate properly before investment, the thing is that we want to understand the basics way of the market especially bitcoin, what we need to do is to comprehend the radials of chart of bitcoin by understanding the movement of candle sticks first, most of cryptocurrency investors especially the newbies queue up to follow predictions of other people made by imagination and assumptions, it's good for we to learn and follow up our system of cryptocurrency investment.

You do not really need know how to use all the indicators that exist, this is simply impossible, most indicators do something similar even if they are calculated differently, which is why they are classified in families like trend indicators, momentum indicators, oscillators, volatility indicators and more.

So you only need to understand a single one of the indicators on those families and you are set, the issue is to combine them in a way that can produce you profits, a difficult thing to do when the combinations of indicators are basically infinite.

Candle sticks are the representation of what investors and speculators are doing in the market, they represent the actions of investors in the past and in the present from which you can possibly have a clue to what the possible future could be, just like the normal human life history is mostly like bound to repeat itself and so when ever there's a clue of a past events people most often prepare to for a similar experience as like that of the past.

Basically that's technical analysis. There are possible reoccurrences on the chart which are the reflection of what happens in real life, even investors looks at the charts and wait for movement to a particular point and they take actions hence that point becomes a point to note for investors to always look out for so they can take actions from there. In technical analysis you have to first look out for possible events on the chart, why they happened and when it could possibly happen again because this will be reasons for future decisions on what price could possibly do. Everything in the real time play out on the chart even the effects of news is usually seen on the chart with the way candle sticks will be formed so with a very good technical analysis you may not necessarily need other views as the summary of them all appears on the chart.

If  candle sticks arent really that significant then charts wont really be existing on the first place considering that these are indeed showing the behavior in between buyers and sellers on which it would really be that normal
that people or to those who do trade will really be making use of those tools or indicators on which they would be able to picture out on whats happening within the market.If it was that relevant on the first place then it wont really be something that helpful or something that useful and it wont really be existing in the first place if it wont really be showing something. TA's are really that useful if you do really know on how to make use of it
but if you dont then it wont really be something that significant. There are really that people who dont mind much on using up these things without even trying to realize on how useful this thing is.
You cant really just that barge in the market without having considerations on making use of this tool or indicator. You cant really be able to read up the market well if you dont even know on how to read up
those candlestick patterns. This is something a skill that must have or something that should be learn so that you do have the idea on how you would really be handling yourself on a volatile market. It would really
be needing this kind of approach on which its a must thing to have or known.

We have seen many predictions made about Bitcoin in the past and those predictions have been completely correct. People who do technical analysis have talked a lot about how the candlesticks in the Bitcoin market are reflected. All the chats we see in the past, however, are accurate predictions that are very similar today. I believe that people who have been associated with the Bitcoin market for a long time and know the various market strategies and analysis can predict the future. We can understand what Bitcoin will reach in the future by observing Bitcoin halving events and we believe them. Good predictions are made based on what has happened in Bitcoin history and what will happen in the future, and they are accurate. And many wise people have experimented in various ways about when the price of bitcoin will rise and the predictions are correct and I believe that the predictions of bitcoin are correct.

Of course, I can't know how it really is, but I think that technical analysis is bullshit. If “technical analysis” worked, then all traders would have become rich long ago by making their forecasts based on “past charts (candlesticks)”. But as you can see, for some reason this didn't happen. I assume that this is primarily due to the fact that the future can't be predicted (based on technical analysis), because at any given time, many side events can interfere with the course of events that will change the current exchange rate of cryptocurrencies. There is a human factor in the cryptomarket, which is extremely unstable. Under the influence of the news background, any trader can buy or sell, which will cause a chain reaction, influencing the actions of other cryptomarket participants. It's impossible to predict. Because the cryptomarket, like any market, like the stock market, is a chaos of events. Try to predict this using some kind of chart, the past. This is impossible.

honestly it sounds logical in my thinking, the market could be following technical analysis if the whales says so, after all, what prevent them from taking advantage of the technical analysis by forming exactly the same pattern and just reverse it when the pattern almost formed completely, it would baffle many and give upper hand for those whales.
therefore its also quite hard to see whether technical analysis really help or not because after all everything can be manipulated nowadays.
technical analysis supposed to tell us which direction the market will go but if there's manipulation then it all for naught.

I do believe in it even if there's no guarantee, there are already a lot of people making a lot of money or making a living on trading with just technical analysis.
That's why there is risk management, stop losses for being able to let us minimize the risk and maximize the profits.
Since I'm into technical analysis guy I really believe in it.

Technical analysis actually puts more emphasis on studying market movements and everything related to the market that has passed. And yes, halving events and others have become important indicators or important ingredients in technical analysis. Because market movements actually tend to repeat almost similar movements. Because market movements are also based on the habits of people in the market which do not change from time to time. And those who can fully understand the market and study the history of market movements well, they will ultimately be able to make better analysis. Both technically and fundamentally.

Past graphs can be used as a reference if the graph has the same patterns and events over and over again and there is a possibility that the same events will repeat themselves.

Your answer is correct, there are many examples of this happening.

We can learn from the past, yes but not in a way that we can follow the past movement of the price because it won't always be followed. There are lots of factors that can affect the price. the number one factor would be is the manipulation. Manipulators disrupts the HODLers so that they will rattle and lose. If it's about Bitcoin halving then maybe we can give an exemption to this because halving decreases the supply of the coin.

The price can always increase no matter what. Candle sticks are mainly used by the traders not investors. Yes, it affects their psychology or decisions based on what they see. There are still other things that they can add before they finally do a move.

I 100% believe in Technical analysis, What can you do in the market in terms of analyzing the trend, past market price movement, and market behavior without the chart patterns, Traders and investors base their predictions on the chart and with the news event. The chart is a representative of information about investors' and traders' views, opinions, or activities in the market trending market.

It might not work all the time but this is something better that you should really know on the time that you do make trading because we do know that making up some entries or exits without having those kind of consideration or any analysis would really be just that a pure gamble. Its true that precision would really be always in question since prices cant really be just going in line with those indicators been saying but at least on that technical side of it on which we are really that fully aware on what are the possible paths that it would be taking. Even though it is really that hard to prove out its relevance but movements do sometimes do really getting in line with those technical approach on which if people or trader do find out those kind of patterns then they would really be tending to believe and conclude that it is really that something recognizable on doing such action.

In case on that you dont really believe on TA's. Then how you would really be able to predict prices? Via that intuition or some voice into your head?
You arent doing trading but rather you are already doing gambling yet making out some positions without any analysis involved or any technicals around
then its not something that would really be ideal on doing so.

Technical analysis is helpful, although its not 100% accurate to give us profit, but it can give us an idea of the prediction that we can see in the actual chart graph of trading. And of course when we do this there is still a lot to consider.

You know that in this situation we will still use different indicators to find out what we are looking for in actual trading as a trader. So it's really important that we know this in reality if you want to learn to trade and make money from it.

Why do we study history to learn what our ancestors were doing and what mistakes and good things they did? Then learn it, trying not to repeat the mistake they made, and improve our present. Because we know history repeats itself, we should be aware of our past to avoid repeating the same mistakes. The same goes for traders. When we analyze the market, we can be aware of past incidents. When it feels like repeating, we can avoid the mistake and the losses as well. So in my opinion, studying the market through charts is important, as is technological analysis as well. The trend of the market is repeating from the past, and over the years we have witnessed It shows the psychology of investors, and it reflects that nowadays too.

I'm curious, have you ever learned a little about trading? If you have, you will know how effective technical analysis is in the trading activities that are being carried out. However, it is important to remember that technical analysis alone will not be enough to help a trader get the right decisions in it trading activities, fundamental analysis also helps support the accuracy of technical analysis. Don't just learn one strategy in trading, if you don't want to continually update your knowledge in trading then it will be difficult for you to make the right decisions in trading.

Until now, technical analysis has been used by all traders who make money in the crypto business, even when no one can give 100% accuracy that their prediction is correct, because if there is 100% accuracy, then everyone traders have become rich in this industry.

That's why we are predictors and not fortune tellers, because we have many tools that are used to determine the direction we think the price will go. It seems that in our technical analysis that we do, we always have two buying directions, either up or down.

technical analysis is good for short term trading where we are looking at really short time frame here, trying to make profit off the margin at market movement, but we don't really use it for long term honestly.
I think many people are thinking the same way as me, technical analysis for long term prediction is mostly inaccurate, so many things could happen, one major factor that make the prediction fails is the rumour and news along the way that will unexpectedly make prediction invalid.

at the end of the day, the market is purely depend on supply and demand, don't get too fixated into something, because it might not be the answer here.
always try to make judgement towards coins from other perspective.

We look at the record of the past, because we anticipate that it may happen again in the future, but that does not mean that the past repeats itself, something new can happen. It is  possible that what happened in the past may not happen in the future. Just as when Bitcoin was trading between $28k and $29k many analysts and experts were expecting Bitcoin to fall to $20,000,but instead of falling to $20k, Bitcoin crossed $35k.

You are right that chart reading is important but this is a crypto currency market anything can happen. We should not only rely on the past or charts, but prepare ourselves for all kinds of situations. News also has a huge impact on the crypto currency market here and often good news plays a major role in pumping up the crypto currency market and bad news does not spare the market.

Technical analysis is both good on long term and short term trade since you can use the time frame to adjust the goal of your analysis. Longer time frame means you are aiming for long term price result and vice versa.

I believe you are pertaining on fundamental analysis which focuses on news about the project that gives impact to the price in short term. Technical analysis has various usability and one of them is to determine the price behavior in long run through the use of old price data.

The fact that each project has their unique market performance and have their own trend behavior in the trading market,
will be difficult to determine their indicators when it comes to long term prediction.
But having the knowledge of technical analyses would be an advantage in spotting some trends and may help you understand what's going on with its market.

True but I will still put fundamental analysis above it because its the news that determine how people relate to the market positively or negatively, in regarding to Bitcoin technical analysis is better since we know Bitcoin is trustworthy but in contrast to crypto space fundamental analysis should be placed above Technical analysis based on the fact that there are too many scam projects

We can learn not only from wrong decisions or strategies to correct them but also from the right decisions or right strategies that we have made, of course. That means, good or bad, we have the same lesson to learn from these two.

Now, in terms of technical analysis, many people make mistakes here even after they have gone through this lesson. It is because they do not fully understand what they are studying, or they may just have a hard time getting what they are studying to convey because it is different talk when the basis is actual compared to theory.

Well, like i believe ive said in one of my comments on another board, Bitcoin and cryptocurrency prices in general, are not predictable, or easy to predict, but then, i personally still believe in technical analysis, even though they do not act as a guarantee to correctly predicting the price of a crypto coin, be it a bitcoin or altcoin, the use of it still gives those who know how to effectively and efficiently use it an edge, or a chance at arriving at something that could be close to the price of the coin at the period being research on.

So yeah, even though like i said before, that technical analysis is not a guarantee, as a trader, it's very important to know how to use it, than not knowing it at all, knowing and using technical analysis makes trading way easier, makes it feel more serious and professional, trading without technical analysis, or other vices like news, makes trading feel very boring and more like a gambling.

Experience would be the best teacher indeed on which you could really be able to learn up things on both sides on which you could really be able to gain up those knowledge overtime or on the moment that you had
experienced it for yourself on which it is really just that normal that you would really be making out adjustments basing up on what you had been able to encounter. In regarding about the question whether you do believe on technical analysis then you would really be of course be finding for yourself on how relevant it would be in speaking about predicting on where prices could potentially go. There's no way that we could really be able to
tell on where prices could eventually go despite of using on different analysis which its a combination of TA+FA but it is really that still something better rather than making yourself that
making decisions without any basis.

Hovering yourself on a market without having any weapon or tools then it is really just that making yourself that look like a gambler. Diving into things
which it doesnt really give out that kind of assurance just because you have not done something relevant or something that would really be useful.

Not anymore. I'm more focused on fundamentals now, and technical analysis is just for entertainment without influencing my decisions. Long-term suits me better at the moment, as I prefer not to be too active in front of candlesticks. The longer time frame isn't an issue for me as it's heavily influenced by fundamental aspects.

I still come across some technical analysis results on social media, but I don't pay much attention to it and see it more as entertainment.

A day trader will always keep an eye on candlesticks, and technical analysis is their daily bread. Use it if it's still profitable. There's nothing wrong with technical analysis; it's just a matter of whether or not you use it as a consideration for your investments or trades.

It doesn't guarantee anything, as surprises can come anytime.

Yes it is true, that in general the nature of the market is always not fully predictable, it is a basic fact that is true and in general. Therefore, there are several help factors that we can use to increase our profit opportunities, such as this discussion, namely by utilizing technical analysis or fundamentals. None other than because only this can help us to be able to achieve the target that has been determined even though basically it will not be able to be fully useful to be able to predict with 100% accuracy, but with it it will at least give us a little information about where the price will move next, and for other things we need to prepare risk management to minimize the chances of losses that can occur.

I think for anyone who doesn't know or doesn't learn about some of the things that can help them like technical analysis then it looks like they come in a hurry to be able to get big profits, or I mean it's a stupid thing they do if they come without bringing any fishing gear to be able to help get the profits like they always wanted. Because obviously if you do not know the basic things that a trader must have before engaging in trading then it is not the profit you will get but just the opposite, losses will dominate.

this is fitting answer, whether technical analysis still relevant it depends on the type of trading that we're doing, if its long term, fundamental is more relevant, but if its short term, there's no way to determine whats gonna be turning out in the future without technical analysis, maybe with news we can have some premonition but technical analysis is required just to be sure.
after all, we can't just go around throwing our money at the most random time and at random altcoin hoping that some of them would turn out to be good but we know the rate of success for such a thing is really low like 1 out of 10 throwing money into random altcoin it become success the rest 9 would just vanish into thin air.
thats why its sometime not because we faithfully believe in the accuracy of technical analysis when short term trading but more of there's really no other way to determine other than using TA.

I believe. but I'm sure it also won't be 100% accurate under any circumstances. this is why people say this trading is a risky trade. Even technical analysis experts cannot guarantee that their predictions are 100% accurate. but if we really believe there's no harm in trying. The choice is in your hands.

in some of my trades this is quite accurate. It's just that even though we use technical analysis, we also have to believe in that analysis. for example, if we use a 4 hour time frame, at least it is for trading within a day and cannot be used for fast trading. If the turn is 1%, we immediately stop loss, maybe this is why we don't believe in technicals.
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I believe, if not with technical analysis, how else can we determine the direction to buy or sell. at least it helps compared to having to just guess. As far as usage goes, I get premium signals with technical analysis, they are quite accurate, although not 100%, but for me that is enough proof that this is quite accurate and profitable.

You are right, without technical analysis of course we would have made the decision to buy or sell only based on the feelings we have and it would be very unlikely that we would be able to get the profits that we would get, if by using technical analysis we would not be able to get our profits. It is still possible to improve the analysis that we use to be able to gain from the trading that we do.

TA isnt relevant on short trading? I dont think so or rather the opposite. Doesnt matter whether you are going for long term or short term on which these indicators would really be that remaining to be that relevant.
You could really be able to at least picture out on where prices could eventually go.Somewhat you do got some points on telling that in short term then you should really be that too mindful about into those
indicators been showing.Some could be able to have a good grasps or understanding about it and some arent really that able to handle it out. It would really be that depending or basing up into your own
approach on how we would really be dealing up with this unpredictable market. We cant really just that make ourselves that effective most of the time.

You would really be seeing the importance of TA once you do step your foot into this market. It is a primary tool or indicator on which you would be using on reading up some charts.
Its not really that enough for you to just simply stare those candle sticks without having that proper assessment on how to draw those lines. Naked trading? if you are experienced
then its a yes but if you are complete newbie then you are just simply doing gambling.

And it is also because trading is not just guessing what to do next, there should be some basis for our decisions otherwise, we make our trade into a 50/50 result. That is why it was been encouraged for traders not just to live confident of knowing the basics but also to enhance their level of trading knowledge and skill just to meet the satisfying way of trading and make positive results.
Perhaps, there are a lot of trading tools that we need to know, we have to learn them, especially TA.

Sadly fundamentals in crypto are way too complex for most people to grasp, so anything can get hype behind them for reasons like speed. No matter how centralized the coins or tokens are.


It's based on probability so by definition it's not a guarantee. One can argue if probability follows artificial things like market data in any way, and i think that's a way more solid argument against techical analysis.

Technical Analysis predict the next possible direction of the price we can't trade successful without TA candlestick patterns itself reveal alot about end of a trend, continuation of price and beginning of a trend, once a trader grasp the whole idea of technical analysis it becomes easier to take a trading decision at the appropriate time, though Fundamentals do move the price hence when a positive or negative fundamental news is released, price tend to either change direction of the present trend or reverse completely, however the candlestick patterns unveil itself in tune with the present or lastest condition of the market which indicates a trading setup.

This is very precise, with TA we can find out the level of possibility that the market will move. In TA we can also validate support resistance which can show the direction of the next trend that will be created. This is one of the uses of TA which may not be one hundred percent accurate, because price movements are also influenced by fundamentals. For example, if there is news regarding the world economy, prices will also tend to be volatile and able to change direction according to fundamental sentiment.

As far as I know, for those who trade or are active in short-term trading, of course they often use technical analysis methods, The aim is none other than just to observe the volume of crypto transactions in the market, observe crypto prices or observe crypto data in the market.

In general, technical analysis is often used to measure crypto prices, based on charts or they often use several indicators. For me, technical analysis is often used in the short term, but if you trade crypto in the long term technical analysis is not good to use.

Fundamental and techinal is same in my opinion not 100% accurate but atleast give you a sign where the price is going to go.

Why some techinal is work and some dont in my opinion because the way technical analysis work it because a lot people believe in it example if golden cross indicating bullish there is 1 million people also believe there will be a pump vice versa

It's true that what you say is that there are no 100% accurate predictions, it's just that perhaps by predicting them we can understand a little of the developments that are occurring.

It is too difficult and I can say that would be at a stage of impossibility that we can think that prediction would be 100% accurate. As we have also seen that 100% in some cases even but this also included some luck, just like an example as you are playing a dice game in which you assume there would be 6 sixes then it comes true then we all would sure it includes some luck in it.

Same in the case here, but the technical analysis of the people are so strong the in the trading not all but some of the traders who have studies the coins and they have even all the information about the graphs of the coins. But still the may fail at some points due to the market up and down. So I didn't fully believed in these things like following them on different occasions.

It's a misconception that we can't trade the market without technical analysis, although this is the very best way to analyze the market, there are alternatives. And since there are alternatives, you can use them solely and successfully without the technical analysis. I'm very sure that many are using other options as the fundamental analysis itself is so popular, it's popular to the extent that some people started making businesses around it, and some even built software that would alert and help them trade this analytical style very well.

When I started trading, due to the irregularities and lack of consistency with the technical analysis, a lot of people might get annoyed if you mentioned the technical analysis as they lacked trust in it. Meaning that they were trading the alternative which is the news/event trading. However, over time, the term sentimental analysis joined it, just like what is happening in the crypto world right now where everybody is getting ready for the much-anticipated tradition that would cause strong bull runs simply due to halving. This is a good example of a sentimental analysis and some people might not use both technical and fundamental analysis but use only the sentimental analysis due to their trust in what people believe.

Above all, it's good to be smart in trading and have knowledge of all these analytical styles even if you would not be using them all. There is no crime in using them altogether too, just like me, I use all of them depending on the need, and with my experience, the technical analysis is the best. There is no controversy to this if you really know how to trade the market as there is nothing hidden from its sight as trading is concerned. Just try to know it very well and you are good to go.

People trade the market mostly with technical analysis and there is nothing we can do unless for some whales that have large quantities of different tokens in their portfolio which they can use to hype and dump the market price. If we are not a whale or shark, there is nothing we can do unless we use technical analyse to trade in the market and try to make profits from ourselves.
Trading is very profitable if we know what next will happen in the market, if not we might not make profit rather incur loses for ourselves.

Well, either technical or fundamental, they are not guaranteed to be able to help us so that we can get a profit from the trading activity that we will do because ultimately even experts are not correct in their predictions on a coin. .

But at the end of the day, they still continue to use it because they believe that somehow they will still get a profit, as if it is their weapon or basis to determine where the value of bitcoin or crypto in the market may go.

Yes I agree with that, as I said no prediction is 100% accurate.
In fact, predictions always involve uncertainty (speculation), but having experience and knowledge can help us manage risk. Although technical analysis can be powerful, market fluctuations remain a factor that is difficult to fully predict.

Yes. Technical analysis is used to check the trend of market. There are some technical analysis tools to analysis the next price movement of market. But must keep an eye on Fundamental analysis which is based on news in the market. A big news suddenly pumps and dumps the market.

Market is never been predictable on the first place and it is really just that normal that you would really be needing to make use of any tools or anything that could help out at least to see on where those prices could eventually go. Yes, technical analysis might not be that 100% precise but we know that it is really that mainly been that being used by most traders. Why? It is really just that more better to make use of it
rather than on making up some trading positions without any basis or simply just because of emotions or some sort or intuition? that would really be that a joke if you are relying with those things.

Sooner or later you would really be able to find out about their usage and relevance on which it would really be just that right that you should make use of TA. Trying out to make use of news or simply FA?
There's nothing that you could be able to see from time to time in speaking about news on which it is really just that right that you do know other skills or method
on which at least you are really that able to make yourself have at least the idea on what you are doing.

Indicators are telling something that is possible to happen which means whatever the trader can foresee based on what the candles did is possible to happen. Though they may still be predictions, the TAs still are the ones you can rely on along with the cycle from bear to bull market in crypto.


They say the market will do what it wants to do It must be true. It's the traders who move the prices in the market.

We can make patterns but doesnt mean that it would really be happening precisely in the future but its not that bad for you to look and trying out to compared and assume whether it would be taking on the same step or movement just like in the past. Yes, there's no guarantee that it would be going on the same. Past events arent that a solid thing for you to rely on but as long we are seeing relevant movements or it rhymes
then we cant avoid not to think about those probabilities on which it is a normal approach.If you do see that it is something that do really helps you on your future speculations and analysis then it would
really be your choice to do so.

All of traders would definitely be coming into a point that they would really be in hesitance on trusting up technical analysis on which on the time that they do hover themselve
into the market then this is where they will really be having that kind of realizations that it is a must thing to have or make use so that you could be able to
make yourself that sustain into this unpredictable space which its never been that easy in the first place.

Technical analysis works perfectly well, it just depends on the user how he or she implements the information. Most people are not disciplined to allow most of these analyses to play out, and they will come and say it doesn't work, another thing is the time frame chosen, if you don't pick the right time frame you will be shaken out of the market at every price movement, so get disciplined and stick to your plan

Predictions are not always the way we expect them to be, when you predict, is just like trying to vision the like outcome of an event, but the truth is that it is not always sure, it is better to be open-minded to expect any event to occur in this situation so that we won't have high expectation that may not come to reality, I want you to understand that is not a guarantee that an event that happen in the past will repeat itself again, just don't expect much but if it happens that's fine, if it doesn't that's it. There is always expectation of every bitcoiner for bitcoin to appreciate in price as you said during the halving period, let's see what happens since the halving is near.

It is okay to use past trend to determine how the turn out will be but don’t forget that there are still some other factors that can tamper with TA. Best most time we should try to be neutral with analysis and be more open minded.

Not all times TAs work perfectly. But I have to agree with you that they're like almost perfect and it's helpful to the traders that are looking into it.

They will come and say that they're not working because based on them, they don't follow the procedures and they're impatient.
In trading, it's not just all about the analysis you do but also the application of it and it requires patience at most times.

I think technical analysis works perfectly well in the forex market and does not have much influence in the crypto market.
This is one of the things we need to know if we are forex traders and we have the plan to delve into cryptocurrency market. The cryptocurrency market does not depends more on fundamental analysis because the market can easily be manipulated. There are some tokens that they are easily pumped and dumped and this alone can scatter the market structure and how people had planned to tarde the market.

For the fact that nothing is perfect doesn't mean that we should not have our preferences, and for trading analytical concerns, my preference over and over again is technical analysis, no other analytical type can be able to contend with it. But the issue is that people expect more from it or are using it wrongly, so they expect it to deliver that signal as if it's a wizard. But it's not so, it's an analytical means which can only be predictive in nature, and of course, predictions are not prophecies, so it's those people looking for more from what it was coded to do that should have a rethink.

And I say this without apology, to know the true sentiment of the market, you need the technical analysis and make sure you follow the trend it tells you, not otherwise. But some people go for the retracement and reversal of the market rather than the trend which denotes the sentiment of the market. They will then blame the analytical style for their woes, while some use some wrong timeframes as well, especially the lower ones and expect the best from it.

Technical analysis when used on new altcoins is indeed difficult to work out, but this can be done on top coins, especially bitcoin, which of course becomes increasingly difficult to manipulate, the more people own it and the more it spreads. In technical analysis, of course you have to be able to understand the characteristics of the technique used, because no one technique works perfectly

Yup, well said!

Both fundamental and technical analysis have their own significance and in some sense, they both go hand in hand. The more sources you have for fundamental analysis it helps you understand the sentiment of the market as well. A coin with fundamental issues won't have a good sentiment (unless meme) and similarly, a coin with bad sentiment is usually going to have some fundamental issues sooner or later

I am more of a fundamental analysis guy but I absolutely agree that technical analysis is just as important. It's just not my thing.

Technicals doesnt work on new coins specially on new listed ones, prices are really that shooting up and down on intense manner on which on the case that no TA's would really be able to work out on that case.

Speaking about believing about TA's then of course it is really that relevant, who would really be on their right minds on not to make use of these indicators. How they would really be able to handle this unpredictable market in the first place?If ever TA isnt relevant then how you would really be able to handle yourself within this market? By pure guess? By waiting for some events or news?
You would really be finding yourself on such big problem on the time that you would really be that not able to know even with the basic principles on how TA work and how it could help
on trying out to hover yourself on this market.

We know that its never been that so simple and this is why having this kind of knowledge would really be an edge over or compared to those people
who are dealing on this market without even knowing on what they are doing.

Actually, all of us here in the forum are all speculations; now it's up to us if we agree or support what they say. That's why, if we become sensitive, we will know which useful things others are saying and which are meaningless.

The performance of technical analysis requires that we have an understanding of the use of tool indicators so that we can determine what and where the direction of the coin we are trading is to obtain income. It cannot be said that you know how to use technical analysis if you do not know how to use indicator tools.

There is no such technology invented in the world so far that we can know in advance what we do will be profit or loss. If there was such a technology then no one would be harmed in business and there would be 100% successful businessmen in the world. Then maybe there would be no word of poor in the world, everyone would be rich. First of all, no technology has ever been able to predict anything in the past and will never be able to in the future.

Whether we believe it or not, technical analysis are not even so important In the Crypto market. There are many traders that are very profitable in the crypto market that do not make us of technical analysis. It could be very essential in other financial market but not in cryptocurrency market. Once we understand this, then we can move to one of the most important tools we can use to make profits from the Crypto market as a trader or investor. Since many altcoins are easy to manipulate, then what is the need of using technical analysis when we can easily push or dump the market.

Yes, they are but I think their use cases will only depend if what we are doing. Like for example if we are trading, then it was mostly the TA's are the ones that traders are using. For investing, it was FA. It was only based on the majority, but of course we are still free if whether we are going to go against with them and choose whatever analysis we want, or just simply use both of them because after all, each of them aren't bad like you said earlier.

Each coin must have their own issues, including about fundamentals. Much more if we are talking about meme coins. But they aren't likely going to recover or fix their issues. Most of them don't even have a fundamental at all.

FA could be used on trading too on which it is something that you could also apply when you do make active trades and you could be basing up your position plus having those TA with the recent news that circles around the market. Yes, it could be hard to have both but making up some combinations and trying out to seek for some confirmation would really be solidly making your prediction or analysis will be that better which it is really that much more preferred rather than making yourself making positions without any solid basis. If we do speak about investment then getting in into the market wont really be that much of an issue since
you arent minding about on the duration on how long you would really be securing for profits.

Therefore, it would really be just that basing or depending on how you do make use of those technical analysis and of course this is something that you could really believe and make use.
If you dont trust up TA then what are the things that you do make use on making yourself that effective into this space? You cant really just make out positions without
any basis and this is where technicals would be relevant because using nothing will really just that pertain about pure gambling.

True, that's why we rely on what the OP says—candlesticks or the chart that is being mapped using technical analysis. To answer the OP's question, do I believe in technical analysis? Yes, because that is the only way of analysing the market and seeing the potential position for gaining a profit, but of course it will depend on which technical analysis you are following, either from other traders or your own technical analysis. But the thing is, there is still no technology or way of predicting the outcome of the market because if there is, then there will be no balance if all will earn, so I still hope that no one will invent it, and I do believe that it is impossible as the market itself is unpredictable and will only move by how the transaction goes every day and every second. Just remember that not all technical analyses are correct; it's still good if you know how to do them yourself.

All humans are unable to see the future, so everyone still has to continue working to make their future bright. Because basically everyone doesn't know what will happen in the future, even though everyone can reflect on the past to improve the way they work in order to get a better future and that is naturally the case.

After all, everyone can see business people who are still working and running their business because they themselves don't know when their business will progress even though they continue to try to target the number of new customers every year. So regarding the future, we can only make the best of it from now on because good results only exist through good efforts from each of us, not from fortune tellers or other people.

I agree with you that it is not possible for any human being to predict the exact future. But only a little can be inferred based on past events and behavior. That is through by technical analysis. And someone with long experience can often predict the potential and thereby make good profit from crypto. So technical analysis cannot be untrusted completely

Of course, to be successful at something, you have to stick with it for a long time. Because success never comes fast in any field. So in technical analysis also an analyst spends a long time and after hard efforts is able to make a correct analysis which fetches him a good profit at that time. That's the truth and that's what happens

No one knows that what will be happened next moment but still there is a hope that one day they will earn a lot of money to make everything easy. Cryptocurrency is not guaranteed but still everyone wants an investment in Bitcoin because they know that if there is a risk there will be advantage too.

Everything changes with a time so we should adapt ourselves accordingly because neither your business remains in same condition always nor you remains same energetic as you are today therefore be happy with all that you have today.

If someone is a holder of cryptocurrency then they should realize that cryptocurrency can be predicted and most of the time these predictions are precise because prediction about halving and bull season is coming true. So in such cases assumption can be made and we can decide according to assumption to make our investment successful.

Of course, no technology from past to present has been able to predict what will happen in the future and unfortunately we humans cannot predict it either. For this reason we don't know whether any of the plans we have made both economically and for the future will come to fruition or come true as we imagine. Anyway, I would like to continue my comment without going beyond the current topic.

Just as you stated, it isn't possible to predict the future in financial markets both technologically and from people's perspectives. However, it shouldn't be forgotten that history constantly repeats itself and past data are informative for future movements in economic markets. In other words, although it isn't possible to gain profit without losing any money by using technical analysis, it helps us to have an idea about future price movements and to make investment decisions accordingly.

As I mentioned, the fact that technical analysis is only a guide and doesn't help to get 100% accurate results causes everyone who does technical analysis to not be able to consistently make money. Of course, if this were an analysis method that could give 100% accurate results when done correctly, everyone would be able to earn as much money as they want today and there would be no such thing as poor.

There are no accurate predictions because everything can change at any time and using past charts in analyzing price predictions will provide a lot of insight, but we cannot rely on these conditions completely. People will probably make a combination of many technical things to predict prices and we will look at the history based on observations. Trading techniques and patterns can change according to the course of the coin we are trading and if at a certain time the strategy has to be changed then run another plen as a step.

That's why people say trading is difficult and not everyone is able to do it, but when you dare to take risks to practice your skills then I'm sure we will slowly get an idea of how to trade. Finally, we need to rely on our own instincts to decide on conclusions based on a combination of several other things that we can find.

Charting and technical analysis could never been that precise or something that do works most of the time and with that normal behavior and unpredictability of this market then its not really a shocking thing honestly.

There are really just that people who are really that skeptical about these TA results without even trying to look at on whats its relevance in regarding about trading. Yes, it cant be precise but doesnt mean that it would really be useless because sooner or later you would be able to find out that you would really be needing up these things just for you to have atleast on having some ideas on what you would really be gonna dealing with. You cant really just rely with news like forever because we know that events and happenings doesnt really come often or happen all the time.

This is why you would really be needing to have that skills and awareness on how to make use or able to plot some charts.

I think that analyzing past charts for future price predictions is a good idea, relying solely on candlesticks would be a bad idea. This is because the market varies based on different factors such as investor psychology. While past events like the Bitcoin halving offer valuable insights, but they're just historical landmarks, not guarantees of the future route.
The best course of action should be to combine your candlestick analysis with your own insights. It’s also important to remember that trading is inherently risky, and no single method can guarantee a perfect outcome.
I recommend diversifying your portfolio with majority of your investments in a stable source while actively trading in altcoins like I do and investing only what you can afford to lose. By doing so you'll be better prepared to navigate the world of crypto

If you have any questions you can contact me via my Discord: https://discord.gg/2TFSrzunK3 or Telegram: https://t.me/Project_r100k/

Technical analysis do not work like the way it used to work before in the market. It could take time for us to really make use of technical analysis but most time it might not work with all altcoins market. The altcoins market moves anyhow do we should not depend on it for us to make profits from the market. It is better we just buy and sell and use other tools for us to make profits from trading altcoins.
Any trade we are taking has it own risk so we have to be prepared for anything that would happen..

I'm ready for anything that will happen. The market have just two phase, the bull and bear season. Ensure to lay down complex infrastructure such as good planning that have golden opportunities of milking the system with our very best outcomes. We know the risks involved when we placed trades, we have just two things in mind, either we gain or loss, nothing changes. Technical analysis are best used when a trader is thoroughly grinded in the strategy, because it's complex and there's enough strategy open to be utilized in upcoming trades.

At least that's how it works because we rely on mapping and analysis based on predictions and wherever we are the predictions are a reference that is not necessarily true and accurate.

Relying on other people's predictions without own analytical knowledge is not appropriate to engage in trading because we cannot completely rely on other people's predictions. Some of the considerations may be other people's predictions as reference material, but it is much more important to have your own analysis because it is a strength for us to be confident in getting involved in trading. Skepticism is a lack of knowledge so that people are unable to do something correctly and accurately.

I agree that our presence in trading must be knowledgeable because we cannot rely on other people's analysis to take much bigger risks. If not then trading is not the right choice for someone to get involved further.

Yes, by analyzing bull and bear, it is necessary to understand whether the price of a coin will increase or decrease. Meanwhile the price of a coin goes up and down based on a season, a good update of the team, any new feature of the project. So by doing these analysis it is possible to predict the future of a coin but it is never 100% guaranteed but sometimes expected results are obtained so definitely technical analysis works I believe it.