Do you listen to technical analysis?

[jamesashmore1964]

99 percent of the technical analysis didn’t see this dump coming!

[deeofficialx]

An analysis will always stay an analysis no matter what - just a mere prediction but still can help in a decision making. We can all follow and suit ourselves with an analysis, but don't expect too much.

[jamesashmore1964]

An analysis will always stay an analysis no matter what - just a mere prediction but still can help in a decision making. We can all follow and suit ourselves with an analysis, but don't expect too much.

Crypto TA is not worth the bits and bytes it uses!

[elimi]

99 percent of the technical analysis didn’t see this dump coming!

technical analysis needs to be done before we trade, but we also can not fully rely on technical analysis, experience is also very necessary, because experience is the best teacher.

[Footmanred]

99 percent of the technical analysis didn’t see this dump coming!

One thing is the analysis, and the other is that there is no growth in the capitalization and volumes of trades, no dynamics of the price increase for top coins does not occur in recent times. And the more people analyze the more, the more often they begin to get out of this dump, exacerbating the situation.

[deeofficialx]

An analysis will always stay an analysis no matter what - just a mere prediction but still can help in a decision making. We can all follow and suit ourselves with an analysis, but don't expect too much.

Crypto TA is not worth the bits and bytes it uses!

Crypto TA? I've heard that one. Having a tagline "Trade what you see, not what you think."

[Beehives]

99 percent of the technical analysis didn’t see this dump coming!

Yes, I do. Technical analyst or Technical analysis is important actually. You can gain a lot of knowledge from them, may not be 100% but it can give you an idea how to deal and invest in cryptocurrency.
When you started an crypto, you are not just invested directly without doing the research.

[Prodigan786]

Even most of the review or analytical which I followed completely lately failed this dump . Even till a date it was the most unpredicted reversal trend I seen till a date . Because after each stable state I found huge pump atleast 100 billion market pump but this time everything going unpredicted .

[Ctn]

99 percent of the technical analysis didn’t see this dump coming!

Haha, thats great! You have proven that technical analysis are shit in just single line. I liked it because I also never trust the technical anwyslis at all. Most of the speculation based on the technical analysis were saying that the prices for the coins will hike 2x the current one and here we go, we got hit by the dump in the market. This sump isn't the normal one as bitcoin fell all the way down from 7.6K USD to shitting 7.2 K USD and thats huge market cap!
I think most of TA's never predicted this dump so yes you are right that they never work their math perfectly.

Now if you go and ask this to the person who predicted pump instead of the dump then you will see that they will start reasoning about this fact and that fact and then they will save their asses.

[AmaZixOfficial]

Maybe not 99% of TA, as there definitely been more than a few analyses pointing to a longer and more sustained down trend. Even the headlines of the past week have been more or less 50/50 on bull and bear predictions from the experts.

It just goes to show that any TA should only be used as guidance, not as hard facts. Still, the markets are fickle and can move very quickly. This is also a weekend reaction, Monday should bring even further reactions.

[Donotam]

We must realise if all chart can be predicted
including chart on crypto, if we fail to predict dont blame TA, maybe we're noob to use TA
I still listen TA, bcz I believe trading n TA are unity. cant separate
but dont forget to use FA. FA n TA are important

[jamesashmore1964]

Maybe not 99% of TA, as there definitely been more than a few analyses pointing to a longer and more sustained down trend. Even the headlines of the past week have been more or less 50/50 on bull and bear predictions from the experts.

It just goes to show that any TA should only be used as guidance, not as hard facts. Still, the markets are fickle and can move very quickly. This is also a weekend reaction, Monday should bring even further reactions.

Monday Asian time: The Japanese might sell hard so they can buy in cheaper!
Alternatively they might buy and create a false sense of security and then sell down the track when all the suckers have bought in.

[BADBITCH]

99 percent of the technical analysis didn’t see this dump coming!

Technical analysis are good
But you need to be careful too

Get a lot of technical analysis from expert
Make your own personal research, study the wave chart and conclude your own idea with experts idea
I believe it will give a perfect result

Just don’t give in to fud or fomo

Be smart

[seregeiImaneal]

99 percent of the technical analysis didn’t see this dump coming!

Why 99 percent? There always are people who draw lines describing the upcoming bottom, but nobody retweets this Because nobody likes it.
Also there are people who draw every single line of every single movement sayng something like "the price will go up high, or low, or maybe flat, one of 3 is 100%"

[xsaints128]

Technical Analysis cannot always be relied upon because its just the price prediction and not 100% reliability that the things gonna go up or down. After all the market just depends upon the emotion of the people.

[sashapoc]

Almost always, if the coin has no important news in the near future. Only in this case technical analysis can be useful. In other cases, I am guided by market position and possible mass of the reasons for the dump.

[slaman29]

99 percent of the technical analysis didn’t see this dump coming!

One thing is the analysis, and the other is that there is no growth in the capitalization and volumes of trades, no dynamics of the price increase for top coins does not occur in recent times. And the more people analyze the more, the more often they begin to get out of this dump, exacerbating the situation.

Correct! There is very very little people who make proper comparisons and true research. They just pull up some charts, change the data ranges, change the timeframes and everything is conveniently laid out.

Take a look at this dump last night, for example. It looks big, but the volume was $4 billion. That's not even 25% of the daily volumes we saw in January. So all this context is lost. We only see RED RED RED. Does it mean much? Not to me.

[Mr.Spreadthehamster]

99 percent of the technical analysis didn’t see this dump coming!

I think not techncal analysis does not work in crypto, because it is quite unstable still.
May be in 2-3 years it will become less volatile, and then it can start working.

[DarkBullet]

Technical analysis is very effective when you are a day trader. It shows a chart to the point where you will have an idea when to enter when a long downward red bar shows up. Well, i dont listen that much to technical analysis and I prefer trusting my own instinct. We should always control our greediness and discipline is a must in trading.

[AbyssLagiaz]

It is my situational thing to look into TA. I only use it for historical reasoning to invest at that coin. I would look into its past history on how did the coin run in the past if it is simply just a pump and dump coin or is it really slow growing coin. The TA will surely tell you if it is gonna be worth it to invest at. You're not gonna depend in it too much to get the best sell you can do in the market.