do technical actually work

[jhongzjhong]

Technical analysis is just a means to speculate price of crypto  but its hardly efective now has the crypto space has been mostly controlled by whales of which in return controlls the price of crypto.  A good trader should not just tarde based on Technical analysis, but he should also consider other factors if hw really wants to succeed

You are definitely right, we accept that technical analysis is a part of trading speculation and I think you can't rely only on this you need more tools or technique how could you speculate with the right guessing. Timing, is a good practice in trading if you have this you can earn more profit when you are in the perfect timing of trading when you buy and sell or just picking a good coin which is easy to trade.

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[BlackFor3st]

It is not bad in relying to the article provider that you trust and use their information's as your basis to make a good analysis for your trading.
But if you will rely to technical aspects only then there is big chance that you will create a mistake someday.

Speculation and investing is very hard because we are staking our hard earned money. If we fail to correctly speculate then we lost our money in which most of us really want to avoid in the first place. It is better that you will compile all the necessary resources so you can do a better speculation like the technical aspects, experience, knowledge, voices of other traders and etc. 

[sujonali1819]

hmm, Most of the case technical  works smoothly. But sometimes when any miracle happens by the whale their is no analysis works that time. But I will suggest people as a trader not depends on only technical analysis during trading.

[exstasie]

Technical analysis is just a means to speculate price of crypto  but its hardly efective now has the crypto space has been mostly controlled by whales of which in return controlls the price of crypto.

This may apply to very small altcoins but never liquid markets like Bitcoin or Ethereum.

It's a common misconception though, probably because when people lose money trading, they get emotional and they look for someone/something to blame. They assume their trade must have been correct, if not for these dastardly, manipulating whales!

And I'm not saying whales don't exist, but the market runs them over sometimes too. They certainly don't control it. What I'm saying is, markets are unpredictable, and most people don't know how to trade in that context. Good traders are grinding out a 50, 60% win rate on trades, not reading crystal balls. Since newbies don't use proper risk management, they lose a few trades and lose everything. Then they go blaming the whales.

[jrrsparkles]

hmm, Most of the case technical  works smoothly. But sometimes when any miracle happens by the whale their is no analysis works that time. But I will suggest people as a trader not depends on only technical analysis during trading.

Technical analysis on the crypto currencies are not that much accurate yet because of very less data availability and its having more rapid growth year by year so it is impossible to predict the rate as well how it will be in the next year.So just stick with your own analysis rather than manipulated by others analysis which might bring fortunes for tham but nothing for you.

[OrangeSeller]

The 95% use a purely technical approach to speculation and investing, relying on articles written by their favourite crypto guru for their analysis. Bitcoin has been leading the crypto market higher over the last month, and as prices move higher so will the expectations of Bitcoin's future.

Most find speculation and investing hard. It's because we are just not wired to be good at it. Almost everything we think we should do will hurt, and almost everything we believe will harm us won't.

This behaviour retells the same old story, over and over again. The majority, get caught up in the hype and excitement and buy, always late to the party, without any long term understanding of the actual risks they are taking, bouncing between exhilaration and despair, checking for tweets, posts, and updates from their trusted guru.

Well, technical analysis works a lot in speculating where the market is heading too, though it's not cool to make use of only technical analysis when trading or wanting to place a trade, it is also necessary to make use of fundamental analysis, one thing I do so well in knowing where a coin price is heading to is to check the event happening around that coin, once you see a good event happening, then you can jump into the market to make profit.

[andriarto]

hmm, Most of the case technical  works smoothly. But sometimes when any miracle happens by the whale their is no analysis works that time. But I will suggest people as a trader not depends on only technical analysis during trading.

Technical analysis on the crypto currencies are not that much accurate yet because of very less data availability and its having more rapid growth year by year so it is impossible to predict the rate as well how it will be in the next year.So just stick with your own analysis rather than manipulated by others analysis which might bring fortunes for tham but nothing for you.

technical analysis is an opportunity. so we have to see where the price opportunity will go. we try to remain consistent with the framework that has been made. do not love your position if the market is not in accordance with our analysis, cut loss is an important choice, but for that requires greatness

[traderethereum]

The technical analysis will not always work, especially if we are in unpredicted situations in the market.
We are difficult to analyze the market, and we don't have any clue about what will happen in the next hours.
But we could prepare if the worst thing will happen in the next hours by keeping analyze the chart, the line, and the price in the buy order and sell order, so then we can decide what we need to do.
But I am sure that when the technical analysis does not work, we could use the other analysis to determine the price and the trend so we could still get a sign even for just a small sign.

[omonuyak]

If you have been trading in the stocks, commodities and forex market you will agree with me that market do follow a particular pattern and no matter what happens those patterns most be retraced. It is the same thing in cryptocurrencies market and why you see it that it doesn't work is because you have not identified the technical pattern in trading.

[el kaka22]

From my years of experience in bitcoin and the trading world I can clearly say that it works to a point. Some stuff like support levels and resistance levels are really important and they do play a role in the price but some more technical stuff like bollinger band or macd and what do work to an extend but sometimes fail when something unexpected happens.

For example, when a big whale buys a lot or sells a lot there is no technical thing that can predict that. That is why it is quite important to know that you might get a good profit out of doing technical day trading as long as nothing unexpected happens, if everything goes according to the plan then you will make profit and be happy but if something happens that wasn't in your plans then it can go south very easily.

[carter34]

hmm, Most of the case technical  works smoothly. But sometimes when any miracle happens by the whale their is no analysis works that time. But I will suggest people as a trader not depends on only technical analysis during trading.

Yes I can also confirm that and I'm thinking that is when trend is taking over the market. At this time, almost all the technical indicators won't work. The but st thing to do at this time is to exit the market.

[emmybd]

Even though technical analysis doesn't work in crypto trading, but it is very important. There are instances when technical analysis helps in making important decisions during trading.

[Oilacris]

TA's is commonly used and I wont really argue on that one but even using up these things on forex/stocks/indices it doesn't give you the guarantee
of success but somehow using up these indicators would really be a helpful thing on your part.It might not give assurance but it will give you the odds
on being profitable,you cant stop people on using it since we do have that kind of mindset that following other signals and technical might work out.

[logfiles]

Technical Analysis works just fine especially if one is taking small profits. However, one should rely on only TA. In order to be a complete winner, it should be used a combination of it and other things such as News and knowledge of Upcoming developments etc

[Oceat]

Even though technical analysis doesn't work in crypto trading, but it is very important. There are instances when technical analysis helps in making important decisions during trading.

I guess you haven't used it if you say it doesn't work but somehow it does and of course it is very important for a trader.
It may not give you complete success in trading but it is one of the most commonly used strategies to all traders out there.

[rizkyhiw]

Technically it can be useful if luck is very good for you and yes technical analysis is very necessary for someone to get used to everything by combining other sources of information from the hottest cryptocurrency news, don't underestimate technical analysis because it might be useful in the future and might increase one's knowledge, indeed crypto market it is very difficult for most people to guess, but positive news can pump in a short time.

[annango]

The technical analysis will not always work, especially if we are in unpredicted situations in the market.
We are difficult to analyze the market, and we don't have any clue about what will happen in the next hours.
But we could prepare if the worst thing will happen in the next hours by keeping analyze the chart, the line, and the price in the buy order and sell order, so then we can decide what we need to do.
But I am sure that when the technical analysis does not work, we could use the other analysis to determine the price and the trend so we could still get a sign even for just a small sign.

Yep, i kind of agree with you guy. Actually each way we use predict the market movement all bring its own function that may support us while we are in the market. All of them, however, definitely do not work all the time. Because yep crypto is inherently volatile, we even never know what will happen with price after our prediction. If TA works all the time, maybe no one gets in loss at all, and they all even choose TA to predict the market all the time without thinking.In short, in order to reach fruits in cryto market, we need to combine many kinds of ways to predict market price, don't just focus on only TA.

[davinchi]

The 95% use a purely technical approach to speculation and investing, relying on articles written by their favourite crypto guru for their analysis. Bitcoin has been leading the crypto market higher over the last month, and as prices move higher so will the expectations of Bitcoin's future.

Most find speculation and investing hard. It's because we are just not wired to be good at it. Almost everything we think we should do will hurt, and almost everything we believe will harm us won't.

This behaviour retells the same old story, over and over again. The majority, get caught up in the hype and excitement and buy, always late to the party, without any long term understanding of the actual risks they are taking, bouncing between exhilaration and despair, checking for tweets, posts, and updates from their trusted guru.

Technical analysis works very well for those that use it genuinely; especially for a day trading,because it will be very had for TA to really become useful for long term investment, only FA works better for that.

Don’t think most of the speculation you see in this forum and on other media forum are based on TA, in fact few of those speculations are done through TA while majority of them are just guessed number, someone just picking number randomly based on what he believes in his heart without backing it up with any analysis.

They don’t even analyze the market sometimes to speculate whatever figure they throw to the public, that is why we should not always follow every speculation we see without confirming It ourselves.

[Indrawan77]

I think TA is working but it can't be accurate 100% especially there are numerous indicators that maybe not suitable with the market condition, but at least TA could increase your speculation accuracy, many traders rely on the TA to make decision and its important part for traders to decide to sell or to buy

[suzanne5223]

I think TA is working but it can't be accurate 100% especially there are numerous indicators that maybe not suitable with the market condition, but at least TA could increase your speculation accuracy, many traders rely on the TA to make decision and its important part for traders to decide to sell or to buy

No price analysis will be 95% accurate for it just a means of examine the market and we both know that what will determine the market directions is the level of supply and demand in the market. This is why I believe every price analysts that base on TA can't be a successful trader. Besides, I believe mostly in FA and like the OP said "This behaviour retells the same old story, over and over again." Is time we think outside the box.