Is Technical analysis bullshit?

[milewilda]

Yes TA not really work in crypto trading because crypto  has high volatility, any crypto going up more than 10 times just in amonth and this is because that coin has strong fundamental and solid team member . So to maximize profit for the better spend more times to learn about fundamental of the project. Fundamental analysis is more usefull in crypto trading than TA.

You might have some other opinion but like everyone knows if we don’t have any knowledge or technical analysis, this can of great loss to you. We may lose something extraordinary because we might not be able to detect the flaws and problems in market. With technical analysis, we are able to see some aspects of market. With that, your results can be increased or enhanced.

Only some aspect but not on general means but i believe most of traders do make use of this one because trading up without any basis is just like doing things completely random.Ive been using TA all the way when i do make trades might not be accurate or do give good results anytime but somehow it do manage me up to make me stay on the positive side which indicates it is simply effective and not totally a bullshit thing.
This would depend on how you gonna use it because as far as i experienced there are times prices do go along with those technicals.

[mudasarali43]

Technical analysis is not bullshit it is the key to a successful trade, now I the cryptocurrency world it does not always work because in the time it takes you to have a thorough technical analysis o the market, the market has already changed therefore its considered bullshit.

[phillippw6]

For a daily trader technical analysis is as important as numerical analysis, and when you look at the numerical analysis, it is easier to do and takes less time but the rate of success usually low but its an important tool for confirmation

[CCF_news]

Using technical analysis, you can increase your chances of correctly predicting the price movement, but it is impossible to predict anything with 100% probability without insider information. Technical analysis works, just try using other methods for analysis.

[rumexx]

I think Technical analyses works more better with forex , futures and options. I am yet to try it on cryptocurrency trading because i believe that crypto has to do so much with market sentiments. So i care less with TA on crypto.