Is technical analysis vital?

[binhvo1505]

Hi I was wondering what the general consensus was on the use of technical analysis in making long term investments. I know short term day traders get allot of use out of it but if I'm investing in a project based on fundamentals does the technical analysis matter?

I think it will not matter. Technical analysis should only be applied when we speculate. For long-term investment, you only need to analyze the business fundamentally.
team, strategy, roadmap, partner, loyalty and their investment fund, ...
these are important things to be thoroughly analyzed.

[1715449988]

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[1715449988]

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[1715449988]

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[1715449988]

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[Noa_Amable]

If you believe in the fundamentals, technical analysis would help you to find a better time to buy to maximize your gains.

But many people don't think it works.

Personally, I have had a few success trades. TA try to predicts human behavior statistically, not the future.

just because some believe only FA and some trust in TA only.
One great trader must combine in: first comes FA and then if no news observed TA takes its place.

[semobo]

Yes having the knowledge related to analysis is much important when we want to be a trader too often,and learn to predict the prices from your own strategies will make more successful traders.