Is Technical Analysis Bullshit or Not?

[sandrozc]

Interesting post (great for beginners) detailing 3 premises to understand what technical analysis is and how the crypto market works https://www.publish0x.com/crypto-chart-wizard/technical-analysis-bullshit-or-not-xlzvwm

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[fabiola!]

people who dont understand technical analysis say its bullshit

people who dont understand investing and trading say investing and trading is a bullshit

here is the reality none of the trading system is 100% accurate

people who understand and practice the analysis will make money , i my self making profits using technical analysis

just ask yourself how much you have learnt and practised technical analysis , dont believe in this post you will get 100s of posts saying technical analysis will work and will not work , and knowing other things on whats going on with market is also important

[BitHodler]

I think that people call technical analysis bullshit because of how many clowns we have on social media that do hillbilly technical analysis just for the sake of creating content. Newbies as ignorant as they are then believe technical analysis in general is not working, while in reality they have been following the wrong people.

I tend to follow Krown Crypto's videos because they are highly informative and he actually shows you the positions he has open. In other words, he puts his money where his mouth is, while the aforementioned clowns just talk but don't show anything, likely because of the fact that they don't believe their own nonsense. Quite sad how they mislead newbies.

At the end of the day, trading is purely a probability game. No one ever gets to make 100% right calls all the time. You win some you lose some. If you play it well, the higher probability trades will eventually result in a net gain. If you keep losing and losing then you only have yourself to blame for.

[BuxCoin]

https://bitcointalk.org/index.php?topic=5146383.0 see this thread and you can know that money can be made using technical analysis

[MonsterV]

I think that people call technical analysis bullshit because of how many clowns we have on social media that do hillbilly technical analysis just for the sake of creating content. Newbies as ignorant as they are then believe technical analysis in general is not working, while in reality they have been following the wrong people.

I tend to follow Krown Crypto's videos because they are highly informative and he actually shows you the positions he has open. In other words, he puts his money where his mouth is, while the aforementioned clowns just talk but don't show anything, likely because of the fact that they don't believe their own nonsense. Quite sad how they mislead newbies.

At the end of the day, trading is purely a probability game. No one ever gets to make 100% right calls all the time. You win some you lose some. If you play it well, the higher probability trades will eventually result in a net gain. If you keep losing and losing then you only have yourself to blame for.

I do not think that technical analysis is bullshit, indeed during my trading I was not fully profitable, but technical analysis is enough to help me in determining open positions. Clowns in the media are actually not a trader who masters market analysis, they are in my opinion, just a cheater under the guise of traders.

So don't blame technical analysis here, this is purely the clown's fault. And probability only exist in the people under the that clown.

[janggernaut]

Yes, it is (for me). Even Warren buffet didn't ever used technical analysis but used fundamental instead. Here is one of his thought about technical analysis

Buffett has said he “realised that technical analysis didn’t work when I turned the chart upside down and didn’t get a different answer”

reference

https://www.irishtimes.com/business/personal-finance/charting-the-stock-markets-does-technical-analysis-work-1.3148453?mode=amp

In technical analysis you only predict on what price it will go and down. If the price goes like you predicted, it doesn't mean you mastered in technical analysis, it's only just because your prediction is correct.

[Jating]

If TA is bullshit then we will not have tradingview. 

The problem is that as crypto blossoms and so are a lot of so called experts in TA. Lots of members posting their TA here, but do they really back it up?

For me it's not bullshit, I still remember some TA way back then in 2017, wherein it predicted the down trend as a result of China's U-turn or FUD against bitcoin and Jamie Dimon's subsequent attack. Weeks prior, she's been telling that thru TA the price will experience a massive downtrend without the news that time. Everyone was laughing at her, but as soon as the price tanks, everyone took her seriously.

[Oceat]

Some of them still have a doubt about it maybe they aren't that good in using TA after all or didn't try it yet.
Using TA and/or FA is the only way traders can get the closest price prediction in the chart.
Without it, it's like you are running blind in the street.

[Mahanton]

Interesting post (great for beginners) detailing 3 premises to understand what technical analysis is and how the crypto market works https://www.publish0x.com/crypto-chart-wizard/technical-analysis-bullshit-or-not-xlzvwm

Technical analysis are bullshit? Definitely not a suitable thing for it to be called out.People who do call this way are those people who do fail up on using it.Yes,
there were no precise tools to predict the market but using up some TA is much more better than trading without any basis at all or simply blind trading.
Its just a matter on how you do make analysis on the TA you had made.

[Harlot]

Technical analysis works self-proclaimed "technical analysis experts" or "pro traders" doesn't. Simply because the ones you are following are not predicting where the cryptocurrencies are going or they aren't accurate on what they saying makes technical analysis crap. If technical analysis is bullshit then we cannot ignore the fact why TA has been used for a long time now on different markets. If doesn't mean that if technical analysis is not working for you means its not working for everyone. Why not try to really understand it and try to use it on your trades before to even say that its bullshit.

[ene1980]

Interesting post (great for beginners) detailing 3 premises to understand what technical analysis is and how the crypto market works

First and foremost we need to remember that the market is fairly new and we do not have enough data to come up with an accurate technical analysis, all we have is the limited data we have and everyone in the market is expecting the market to rally after the halving is because they have seen those spikes in the market in the past when ever there was a halving, to have a decent analysis you need to have a much bigger data.

[1Referee]

I get it, people who try to apply TA but fail, always come out and say how hard it sucks, while those who successfully apply TA are silent and just move on to the next trade. Considering that most people lose with trading, it's not surprising that you see a lot of people complain about how TA isn't working. People still have to figure out that TA is more than just following moving averages.

In the end, if TA was bs, markets in general wouldn't be dominated by algorithms as they are today. Crypto is no difference.

[Aaronpp]

Technical analysis if it needs to be done so that you can correctly evaluate the market to perform your movements, obviously you must also rely on a fundamental analysis to reinforce the technical analysis but it is true that you must use it almost compulsorily to be favored with the investments you want to make, Otherwise your winnings will be very large.

[harizen]

Technical analysis is not a tool to increase a trader's winning rate. Using it will show some possible scenarios that may happen based on the activities established in a given timeframe.

Yes, no doubt that most analysis, even how well-detailed is it, bound to fail especially in the volatile world of crypto as unexpected events can spoil a certain trend anytime. However, using TA's as one of the references in making the next strategy does really help because it's not like that you will bet on something that is not properly backed up. Way better than relying on a random instinct.

We can't hide the fact that there are people who make TAs to deceived people who aren't familiar with chart lines. These are common in trading group signals and pump and dump groups.

Honestly, as for me, I'm not really relying much on chart readings especially at altcoins. I have my own way.

[nydiacaskey01]

You will never know if technical analysis is bullshit or not, unless you used it and gained profits from it. To those who don't believe in it, they may have another way to analyze whats happening to the coin and gain profit but its the same thing, they are just using their own way of analyzing the movement of the price.

I would rather buy a coin based on technical analysis rather than base it on hunch or just emotions like fomo. If you are not familiar with using technical analysis, there's no harm in asking someone to help you out. There are free seminars and and free webminars that will introduce you to technical analysis.

[samcrypto]

You will never know if technical analysis is bullshiy or not unless you used it and gained profits from it. To those who dont believe in it, they may have another way to analyse whats happening to the coin.

Or they just really don’t know what’s Technical Analysis all about. Its easy to say shit to those things that we don’t understand but the moment when you start learning, they make you realize that you’re wrong. TA is great to all traders, its the best tool for them but of course its not perfect which is normal on a volatile market.

[pinkpanther03]

Your just a newbie and no wondered why putting this topic here it is because you don't have a idea about technical analysis. You're not an empty cup dude. Because TA is one of the reason why some of the traders became successful and get profit in any trading platform. But I cannot say it is the key because if your analysis is wrong it could turn your capital to be loss but if it is right you could earn good as well.

[maxreish]

I have read the full article, it explains well what is actually a Technical analysis. If one trader is really serious about getting profits by using technical analysis, he/she will gonna spend time learning all the basics and all the necessary knowledge like charts, candles, prices, etc. Like me, I never stop learning TA.

Though it is hard to understand but there are still many ways on how we slowly perceive anything we want to learn. It is not 100% instantly working but it is surely a great help to my tradings.

[leowonderful]

TA can give you an edge over other traders, but as others here have mentioned, things don't always pan out as you expect. It's still better than doing nothing in most cases, though, and if you're applying it well, your TA will pay off.

You also shouldn't solely be using TA while trading; having at least some sort of plan for risk management is a very good idea because even the best traders sometimes get into losing streaks. Having something in place to mitigate losses during these streaks can be the difference between massive drawdown and just a small loss.

[EdenHazard]

The article has told a lot about technical analyst and why there is some people who consider that TA is bull shit. The simple reaction is for those people who says TA is bullshit is because they didn't know it. And I don't think if there is someone who intend to start become a trader and he didn't learn TA before he will be comfortable to stay long in the market.

I believe most of new trader who lost a lot of money through trading because he didn't know TA firstly. He just came was because HYPE or he knows the price will be up based on some news and he bought it, but the price coin meet a decrease price seems like it was a correction but he took to sold it and out with a huge loses. But I'll bet if there is someone who intend to trade and he has know about TA they will stay long here. Because he will know when the price up and down and just correction only.

[PLATO]

Technical analysis is not bullshit. I think it depends on the individual who uses it. no matter how good the analysis is at the moment, but our psychology is weak, then we will accept losses. impulsive actions can disrupt the planned analysis

Analysis is not something everyone can do but most of our analysis often goes against this market and this is what I have learned during the past 2 years. I think now should only focus on psychological analysis of investors because if investors feel good, the market will tend to rise higher but in this market there are many surprises that you cannot anticipated.

[TheUltraElite]

Any analysis that does not know either the direction and purpose of deliberately promoting what they are following is gibberish because it is not fully involved in cryptocurrency, but if the analysis is about cryptocurrency and many are closely related to crypto it is the correct analysis

See, its after all just an analysis and mostly a prediction from part of the publisher. You can do you own technical and rely on that instead of reading what others have to say. Generally what is lacking in the news media is neutrality. More so in the private telegram and other IM groups that many of you frequent in trying to get some "inside news" - that is total waste of time if you ask me, because people do TA and post it there just to pump their own coins. So its better not to listen to those and those are bullshit.

Doing real time TA on your own needs effort and is not everyone's cup of tea to draw predictions from them. That should be tried by majority of traders who actually want to do good in future trades.

[michellee]

Technical analysis is not bullshit. I think it depends on the individual who uses it. no matter how good the analysis is at the moment, but our psychology is weak, then we will accept losses. impulsive actions can disrupt the planned analysis

Yes, I agree with you. Sometimes, technical analysis can help us to make our own analysis so we can get more information about what happened in the market. And we should thank you to many people in out there, which already make so many analysis about the market, we can practice making the analysis that will be useful to us. We can decide what we need to do related to the market.

[suzanne5223]

Technical analysis is the best crypto price analysis so far due to the price momentum reoccurrence which usually happens in the crypto market but the knowledge of the forecaster plays a vital role in how the resulting outcome will be. However, price analysis is not always accurate as the market are always volatile in nature.

[justdimin]

Interesting post (great for beginners) detailing 3 premises to understand what technical analysis is and how the crypto market works https://www.publish0x.com/crypto-chart-wizard/technical-analysis-bullshit-or-not-xlzvwm

Technical analysis is not a bullshit and it is very effective for those that knows how to learn it, the reason why some people feel technical Analyses is bullshit is because it is too complicated to understand, so you end up not being able to read the charts very well, except that you are a pro chart reader, so TA is okay, but it does not always work in every market.

I feel that it is very difficult to apply technical Analyses to the cryptocurrency market, I prefer to apply technical analysis when I am trading on Forex market because Forex market is quite stable for TA to perform very well, and if you look at cryptocurrency market, there are too many coins and it even only functions more for those top coins, for me, I would not rely on TA alone but mix it with fundamental analysis which I prefer more.

[Reid]

If it is BS then what else could be preferred? Another BS?

I mean, that is already technical. You will just need to understand how the market goes. Although, you cannot just rely on it.
I am also looking at history but just as a basis and not as an accurate signal.

There are times I made profit with just the 10 minute history. That is still technical.

[Polar91]

It's not bullshit because it helps you to analyze and understand the market movement only based on chart; regardless if you have some news for the certain market you're trading with. It's the second most important thing to be considered next to risk management. Also, technical analysis in any kind of market ie. Stock, Forex, and Crypto is must as a trader don't just trade with guts thinking.

[andi pcc]

Technical analysis or better known as technical analysis is an analytical technique known in the financial world that is used to predict trends in a stock price by studying past market data, especially price movements and the volume of technical analysis is a condition that is not necessarily accurate as well that prediction is not necessarily 100% correct but it is not nonsense, at least technical analysis helps us in trading even though it is not 100% accurate

[dat.ho12492]

It's not bullshit because it helps you to analyze and understand the market movement only based on chart; regardless if you have some news for the certain market you're trading with. It's the second most important thing to be considered next to risk management. Also, technical analysis in any kind of market ie. Stock, Forex, and Crypto is must as a trader don't just trade with guts thinking.

Yes, technical analysis is a scientific tool that experts have compiled the data to create it, they have spent a lot of time updating, testing and proving its usefulness, we cannot say it is bullshit when we don't understand its performance. The person who considers the technical analysis is bullshit,  they are the ones who blame technical analysis when they rely on it too much because I know a lot of people often put too much faith in this tool, they forget that everything is saying is the future, relativity is a measure, there is no certainty here

[gabbie2010]

Depth knowledge of technical analysis enables good traders to have an edge on the market, experienced traders had proved the efficacy of TA while saying its a bullshit is out the picture, candlestick patterns, price actions, indicators etc are tools used by TA traders to accurately predict price movement and in most cases trades turns green by the application of those tools.
Personally as a binary option trader I use Price Action and candlestick patterns to predict the direction of price of which always turns green except if there is any upcoming fundamental news I stayed off the market.

[lumierre]

Any analysis that does not know either the direction and purpose of deliberately promoting what they are following is gibberish because it is not fully involved in cryptocurrency, but if the analysis is about cryptocurrency and many are closely related to crypto it is the correct analysis

Even Warren Buffett says that you can turn these graphs upside down and nothing will change. he is sure that TA does not work. Nevertheless, we must not forget that although he is in the top 3 richest people on the planet and knows how money works, he is too old. The true task of technical analysis tools is to adequately assess the picture of what is happening on the market at the moment. Thus, TA is usually used as a tool to select the opening and closing points of trade transactions.

[akram143]

Interesting post (great for beginners) detailing 3 premises to understand what technical analysis is and how the crypto market works https://www.publish0x.com/crypto-chart-wizard/technical-analysis-bullshit-or-not-xlzvwm

I am neutral here because some people had the confidence while they learn about the technical analysis but some people don't have any need to be a technical analysis person so show it based on your mindset if you don't want to make this analysis then there is no problem will came so everything is all about your mindset and how is your point of you will decide it is good or bad

[rodel caling]

people who dont understand technical analysis say its bullshit

people who dont understand investing and trading say investing and trading is a bullshit

here is the reality none of the trading system is 100% accurate

people who understand and practice the analysis will make money , i my self making profits using technical analysis

just ask yourself how much you have learnt and practised technical analysis , dont believe in this post you will get 100s of posts saying technical analysis will work and will not work , and knowing other things on whats going on with market is also important

This exactly people call technical analysis is bullshit if didn't know how to use it or maybe lack of knowledge skills how to define the technically.
Technical analysis is very important weapon of the trader if didn't undertand about it stop trading for learn again to avoid a lot of loses.

[marcuslong]

Technical analysis will help us established a good decision making but it's not most of the time you can rely on it. Sometimes weak traders felt bullshit about graph trend because of those shit speculators. The best thing that you can do is coinmarketcap reviews beco that's legit and reliable.

[glendall]

don't blame technical analysis, because I'm sure what was wrong wasn't technical analysis, but what made the analysis,
technical analysis has been made based on formulas that have been tested, and it is very helpful to determine and make good decisions even though the market is not friendly.

[South Park]

I think that people call technical analysis bullshit because of how many clowns we have on social media that do hillbilly technical analysis just for the sake of creating content. Newbies as ignorant as they are then believe technical analysis in general is not working, while in reality they have been following the wrong people.

I tend to follow Krown Crypto's videos because they are highly informative and he actually shows you the positions he has open. In other words, he puts his money where his mouth is, while the aforementioned clowns just talk but don't show anything, likely because of the fact that they don't believe their own nonsense. Quite sad how they mislead newbies.

At the end of the day, trading is purely a probability game. No one ever gets to make 100% right calls all the time. You win some you lose some. If you play it well, the higher probability trades will eventually result in a net gain. If you keep losing and losing then you only have yourself to blame for.

The social media guys are a problem, but those that are publishing books about the topic are not that much better, many of them do not get profits out of their trading activities and some of them have even lost all their capital and the capital of others, so those that are looking for a reliable source of knowledge about the markets need to go through a lot of misinformation just to find the right source, but by the time they do that many have already followed the dubious advice of those fake traders and have lost everything in the process.

[cryptojonathan]

Interesting post (great for beginners) detailing 3 premises to understand what technical analysis is and how the crypto market works https://www.publish0x.com/crypto-chart-wizard/technical-analysis-bullshit-or-not-xlzvwm

Lol technical analysis is not bullshit for shit, just everything is not 100% in any market, so you need to modify your orders and calculate your profit and loss in every single trade! that's after you learn technical analysis, Google some online course for more information

[ethereumhunter]

Interesting post (great for beginners) detailing 3 premises to understand what technical analysis is and how the crypto market works https://www.publish0x.com/crypto-chart-wizard/technical-analysis-bullshit-or-not-xlzvwm

I believe that technical analysis doesn't often work in crypto trading, its big traders who have been manipulating the market for their own benefit. Despite that it is a good thing to learn if you want to be a professional trader.

As long as you can modify the analysis from the others, I think you could find and get the right information about the market so you can know what needs to do. It's not all about manipulating the market, but it's how we can use the analysis to ourselves so we can take the advantage from the analysis and even we can make the profit. Although sometimes it's difficult, with learning from time to time, I think you can understand what will happen to the market and I think that analysis will give something good for you.

[BuxCoin]

for short term techanical analysis works well than fundamental analysis and for longterm fundamental works good than technical

[EdvinZ]

Definitely, technical analysis is an important tool for profitable trading. But technical analysis must be professional. The person who interprets it must have extensive experience in trading and observing the market. In this case, technical analysis is an integral part of a necessary tools for successful trading.

[Julien_Olynpic]

There are many people who deny the importance of technical analysis. They have from their point of view irrefutable evidence of their innocence. They say that technical analysis does not work. But in my opinion any work with a price chart is already a technical analysis. What else can a trader rely on in his work? Fundamental analysis only works in the long run. But we still have to look at the charts. There is a lot of information for us. We will be blind without it.

[beerlover]

I think technical analysis has some merit to it, its definitely not the end all be all and there is definitely more things that go around for bitcoin for sure but at least its showing us the path that it took which rest of it up to us, I mean if you see the path it took it doesn't mean it will take the same route once again but it at least means that we know what path it took when something happened and it could very well be a guidance for us in the future, that is something we cant just neglect.

Hence, I still think that even though technical analysis means absolutely nothing for the future its great for analyzing the past and try to estimate the future. Do not give it too much importance but do not just let it be and not care about it neither, find the middle ground.

[Yamifoud]

Technical analysis will really help the investor to find the potential about the coin because without technical it is impossible for an investor to make a profit. In the crypto market, we need both the fundamental analysis and technical in order to make huge profits.

A lot of people never understand TA's and also to say that traders never feel comfortable in using TA rather than to stick with their own market understanding.
We'll not be seeing that TA makes no sense as it also be helping, however, we never just rely on this as the market will not be the same as of before. We need to adjust the market flows in order to catch its perfect time to do selling and buying.

[SirLancelot]

Definitely, technical analysis is an important tool for profitable trading. But technical analysis must be professional. The person who interprets it must have extensive experience in trading and observing the market. In this case, technical analysis is an integral part of a necessary tools for successful trading.

For one to even be able to interpret technical analysis, the trader must have really been a pro trader, and must have developed some strategies and skills, I also think that before anyone can really be perfect with TA, the person must have also been practicing trading gradually even if they fail at some points because there is no one that can tell me they just become pro in TA the first time that they started making use of it, in fact we have some people that it takes months for them to understand how to use it.

Till now, I am still finding it very hard to read charts and interpret them which is why I do not trade that much, because of TA, I do more of long term trading and even if I need to predict the market in the short term, I predict based on fundamental around.

[arpon11]

people who dont understand technical analysis say its bullshit

people who dont understand investing and trading say investing and trading is a bullshit

here is the reality none of the trading system is 100% accurate

people who understand and practice the analysis will make money , i my self making profits using technical analysis

just ask yourself how much you have learnt and practised technical analysis , dont believe in this post you will get 100s of posts saying technical analysis will work and will not work , and knowing other things on whats going on with market is also important

I have been a trader too and have a lot of experience as I can joined both volume and momentum indicators with support and resistance’s level indicators such as Fibonacci level and pivots point in connection with candlesticks formation in making trading decisions and most time my predictions and analysis do come true. The only difference between successful traders and unsuccessful traders is not capital but knowledge of technical indicators and patience!

[LimLims]

Interesting post (great for beginners) detailing 3 premises to understand what technical analysis is and how the crypto market works https://www.publish0x.com/crypto-chart-wizard/technical-analysis-bullshit-or-not-xlzvwm

People who are new to the crypto field doesn't understand the value of technical analysis.
Not only that, the people who often don't do trading,  says this is just a waste of time.
But afterall it depends upon us to treat what it is.
But it really plays an important role in trading and helps us to understand the price of the coins.

[shield132]

I will answer directly to the question that's asked in thread's title. Technical analysis is really something to consider. As I see users like when they post charts and as I see, they have a lot of things in common (chart of 2010 and 2018 for example). But at the moment we don't have to fully depend on that because news have a huge influence on bitcoin's price. Sometimes may seems everything goes according to the result of chart analysis but one bad news and it ruins everything.
Sometimes you have to swap the roles of technical and news analysis and sometimes combine them, depends on situation.

[target]

Technical analysis is always not fair when you see the market goes to the opposite direction. Just when you thought its the right time to buy because the RSI tells you so but then the price dip a bit more, its going to feel like you shit yourself. The more you shit yourself when you invest to an altcoin where the developers suddenly fire someone in the team because the prices will definitely take a dive again. It only gives you the idea isn't just manipulated by the bigger whales but the team itself.

[legendster]

Interesting post (great for beginners) detailing 3 premises to understand what technical analysis is and how the crypto market works https://www.publish0x.com/crypto-chart-wizard/technical-analysis-bullshit-or-not-xlzvwm

Here's a bit of fact for you. Publish0x will take money to push and promote any junk content regardless of what it is about. They don't have any quality control and they believe in quantity only.

How do I know? I've had some of my clients that have sent material there that got approved that was literal jargon bs but it was published nonetheless.

[Harlot]

for short term techanical analysis works well than fundamental analysis and for longterm fundamental works good than technical

But how can you even use fundamental analysis in the crypto market in the first place when there is very little to none indicators for it. That is why a lot of economists are against or have negative comments on BTC because of it having really no fair-value and all of it's price is determined by purely supply and demand in the market. We literally only have mostly technical analysis and news to predict both the short term and long term prices of Bitcoin and we really have no choice after that. I wouldn't also advice using TA in long term predictions since the market shifts fast and makes your prediction more inaccurate so you always need to adjust.

[bisdak40]

Understanding Technical Analysis is not an easy task. I am trading for quite some time now but still i got the hard time understanding and tend to believe that is bullshit. I know that if a person could interpret a TA, he is bound to accumulate wealth in the trading business and hope i could be one of them in the future.

[Finestream]

Understanding Technical Analysis is not an easy task. I am trading for quite some time now but still i got the hard time understanding and tend to believe that is bullshit. I know that if a person could interpret a TA, he is bound to accumulate wealth in the trading business and hope i could be one of them in the future.

I did not see the point why technical analysis is bullshit when in fact,it is very useful and helpful in making a profitable trading.It's very essential in trading because it helps us determine when will be the best entry and the best exit in trading.If you have a good technical analysis,you will have bigger chances to accumulate more wealth through trading.

[South Park]

Interesting post (great for beginners) detailing 3 premises to understand what technical analysis is and how the crypto market works https://www.publish0x.com/crypto-chart-wizard/technical-analysis-bullshit-or-not-xlzvwm

Lol technical analysis is not bullshit for shit, just everything is not 100% in any market, so you need to modify your orders and calculate your profit and loss in every single trade! that's after you learn technical analysis, Google some online course for more information

Correct, I have always found odd that someone wants to be a trader or investor which is an activity in which there is a huge risk and yet people want to find a way to win all their trades, and if they can not do it then they say it is a scam or that it does not work, what they do not seem to get is that you could have a system that wins 95% of the time and still lose money simply because your wins are too small and your losses are extremely high.

[Oilacris]

Interesting post (great for beginners) detailing 3 premises to understand what technical analysis is and how the crypto market works https://www.publish0x.com/crypto-chart-wizard/technical-analysis-bullshit-or-not-xlzvwm

Lol technical analysis is not bullshit for shit, just everything is not 100% in any market, so you need to modify your orders and calculate your profit and loss in every single trade! that's after you learn technical analysis, Google some online course for more information

Correct, I have always found odd that someone wants to be a trader or investor which is an activity in which there is a huge risk and yet people want to find a way to win all their trades, and if they can not do it then they say it is a scam or that it does not work, what they do not seem to get is that you could have a system that wins 95% of the time and still lose money simply because your wins are too small and your losses are extremely high.

You are pertaining with gambling right?

They are entirely different imho when it comes to probability on making money.Trading might be hard but this one is more worthy than just depending on higher odds with gambling.

[el kaka22]

Right amount of technical analysis is always needed, if you do too much of it you will be finding the perfect level of it and than go beyond it because you are trying to tweak and fix things that requires no fixing but since there are bear runs time to time you think the strategy and chart reading you did on bull run is better than the chart reading and indicators you did on bear run however the reality is that bear run one could be better but was done during the bear run which is why it looked like it wasn't that great.

Basically, if you do a moderate amount of chart reading and analysis you will be fine but if you don't do any or do too much than you are going to be going in there blindly without knowing what you should expect about the price movements in general.

[lixer]

Understanding Technical Analysis is not an easy task. I am trading for quite some time now but still i got the hard time understanding and tend to believe that is bullshit. I know that if a person could interpret a TA, he is bound to accumulate wealth in the trading business and hope i could be one of them in the future.

It looks bullshit to you because you don’t know how to make use of technical analysis which is the same way it will look to me also because I feel that technical analysis is just too complicated kind of and you have to stay on system to read on manner of indicators for you to arrive at a point, but we really have some people that are so good that both in the long run and short run, they know how to use TA like crazy.

There is this guy’s post I saw today which he posted on the 12th, and he had advised people who are doing sorts to sell then and then buy back at $10500, with a screen short of his technical analysis cart backing up such prediction, and he was actually right, he predicted accurately and the price even wet a little bit below that which I know that anyone that took his advice will make some money.

[TheBusstop]

it is important to follow market movement and also to follow the news. it could be misleading for some that doesn;t understand how the market can be manipulative. the truth about the matter is you need to understand how the trading with analysis works first before putting it into action to avoid loosing out.

[Hypnosis00]

it is important to follow market movement and also to follow the news. it could be misleading for some that doesn;t understand how the market can be manipulative. the truth about the matter is you need to understand how the trading with analysis works first before putting it into action to avoid loosing out.

Well, it have to work with our own TA's and do our own market analysis.
We can't be mislead if we are not following them, it is simply putting the future of our investment into the other's hands than relying into our self.
Trading might cause us a big lose if we never know what we are doing and what strategies we have to apply in a particular scenario/market condition.

[dark08]

If TA is bullshit then we will not have tradingview. 

The problem is that as crypto blossoms and so are a lot of so called experts in TA. Lots of members posting their TA here, but do they really back it up?

For me it's not bullshit, I still remember some TA way back then in 2017, wherein it predicted the down trend as a result of China's U-turn or FUD against bitcoin and Jamie Dimon's subsequent attack. Weeks prior, she's been telling that thru TA the price will experience a massive downtrend without the news that time. Everyone was laughing at her, but as soon as the price tanks, everyone took her seriously.

Technically right those people who dont understand technical analysis will say its bullshit but for those people who really understand will say this is not in other words this depend on the type of person who really know how to make technical analysis.

[nydiacaskey01]

When I started trading, I don't believe in technical analysis, I just pick from the list which one is red, buy and wait till it turns to green then sell. However, after a few losses, it changed my mindset to check indicators first before buying. FOMO will not get you to anywhere near your target. Lear how to use TAs even a simple RSI can help you not to buy those that are over bought.

[tippytoes]

people who dont understand technical analysis say its bullshit

people who dont understand investing and trading say investing and trading is a bullshit

here is the reality none of the trading system is 100% accurate

people who understand and practice the analysis will make money , i my self making profits using technical analysis

just ask yourself how much you have learnt and practised technical analysis , dont believe in this post you will get 100s of posts saying technical analysis will work and will not work , and knowing other things on whats going on with market is also important

TA will help you one way or another in making decisions in trading. They might not be accurate but it will help you in analysing the trend of what's going on. To put it simply, you are not dumb of what's going on in the market as you know the basic know-how in trading. So I would not call it as a bullshit knowledge. I just don't like those people who are very arrogant with their speculations in trading using their TA skills and later on, nothing ever comes true.

[Greed Dev]

This article is interesting. It helped me to better understand TA, I mistakenly thought that TA always helps the wealthy traders naturally.
This is wrong, TA only helps us choose a good time to buy at a good price at a time.
Thanks, this article was very helpful to me.

[hulla]

Understanding Technical Analysis is not an easy task. I am trading for quite some time now but still i got the hard time understanding and tend to believe that is bullshit. I know that if a person could interpret a TA, he is bound to accumulate wealth in the trading business and hope i could be one of them in the future.

It looks bullshit to you because you don’t know how to make use of technical analysis which is the same way it will look to me also because I feel that technical analysis is just too complicated kind of and you have to stay on system to read on manner of indicators for you to arrive at a point, but we really have some people that are so good that both in the long run and short run, they know how to use TA like crazy.

There is this guy’s post I saw today which he posted on the 12th, and he had advised people who are doing sorts to sell then and then buy back at $10500, with a screen short of his technical analysis cart backing up such prediction, and he was actually right, he predicted accurately and the price even wet a little bit below that which I know that anyone that took his advice will make some money.

Firstly, technical analysis is not crazy but broad which why some people see it as something crazy and it will be difficult for someone some people to understand cause we can't all be a crypto day trader. However, the guy mentioned that advised people to buy tried but to me, such prediction doesn't even need any analysis if you're someone that follows the market very well.

[omonuyak]

This article is interesting. It helped me to better understand TA, I mistakenly thought that TA always helps the wealthy traders naturally.
This is wrong, TA only helps us choose a good time to buy at a good price at a time.
Thanks, this article was very helpful to me.

Technical Analysis help us decide the trend and where the price will possibly reverse direction. Any successful traders most used TA and depending only on fundamental analysis alone will not really helped. We have to see naturally trend reversal from the position of support and resistance level on the technical chart and this is really proof that technical indicators are the heartbeat of successful trading.

[qweqwe2121]

TA is a Method, Basis, or Tool used by Traders as their reference in Trading where the tool is as a Support. Here I am not saying TA is certainty in trading. But here I will say TA is a tool for Traders in reading the situation.

[dat.ho12492]

This article is interesting. It helped me to better understand TA, I mistakenly thought that TA always helps the wealthy traders naturally.
This is wrong, TA only helps us choose a good time to buy at a good price at a time.
Thanks, this article was very helpful to me.

Technical Analysis help us decide the trend and where the price will possibly reverse direction. Any successful traders most used TA and depending only on fundamental analysis alone will not really helped. We have to see naturally trend reversal from the position of support and resistance level on the technical chart and this is really proof that technical indicators are the heartbeat of successful trading.

More precisely, we should say that technical analysis gives us a perspective, some images may be related to the future through numbers, through charts because these charts clearly show everyone's psychology and desire, it even shows the movement of capitalization, and if we take advantage of these signals, success is in our hands, many people have shown their success by technical analysis. If the technical analysis has no value, it will certainly be removed soon but no, it still exists over time and is more popular.

[thunderbitz2717]

Interesting post (great for beginners) detailing 3 premises to understand what technical analysis is and how the crypto market works https://www.publish0x.com/crypto-chart-wizard/technical-analysis-bullshit-or-not-xlzvwm

Technical is not a bullshit it can be a tools actually for us to earn bitcoin or crypto. But take note that technical analysis is not an 100%
precise, as long as your analysis is right it can give profit but if your TA is wrong it can also push you into wreck situation. Therefore, never depend your method in technical analysis 100%, it is better to depend on the actual happening in the market.

[TheUltraElite]

even a simple RSI can help you not to buy those that are over bought.

True, but then not every time is technical going to help a trader. Most of the time you can use it to guess what the market is going towards but many times you will be wrong.

TA only predicts on the basis of current stats and previous stats. It is not an absolute prediction and thus it more like a 50-50 game. I would not say its is BS because it has its uses. Because some trader loses money after following a certain TA does not mean that the latter is BS. People should attempt to develop TA on their own using software and predictions based on them.

[sana54210]

The problem is "even a simple RSI" can be super wrong if you look at the at the wrong time. When its super overbought and looks super bearish one huge news can broke up or one crazy investor can come up and buy half a billion dollars worth and increase it.

This is not stocks or forex where regulations make it difficult to get into it difficult, its quite easy, you send your money to an exchange and then you buy as much bitcoin as possible, if you do it only in one exchange then the arbitrage people will take care of it in other places as well (while making a healthy profit).

Hence, Simple RSI can solve nothing, it means nothing, it all depends on the craziness of the investors, it could look like its going to skyrocket and everything for a bull run is perfectly ready but then some crazy dude could sell all his bitcoins and drop the price down.

[Thirdspace]

it's not bullshit if you know how and when to use it, you can see signs and patterns
you can't use TA and expect to predict market 100% accurate, it's impossible unless you are a clairvoyant
you should also take into account the news and psychology of the market
even then you still can't predict 100%, that's why traders have cut loss

[crzy]

Interesting post (great for beginners) detailing 3 premises to understand what technical analysis is and how the crypto market works https://www.publish0x.com/crypto-chart-wizard/technical-analysis-bullshit-or-not-xlzvwm

There so many things to learn about technical analysis, its not bullshit until you learn it and its worth it if you do spend time learning the TA. Some TA are useless, because of the volatility in the market especially on short term so if you want to use TA and depend on that, then better to use the whole year chart.

[Julien_Olynpic]

Technical analysis is everything. Even a simple look at the graphs can also be a technical analysis. This is a huge number of techniques. But newcomers most often think that technical analysis is an indicator. They think that if you put a lot of oscillators on the chart, they will find something special.

[TheUltraElite]

you can't use TA and expect to predict market 100% accurate, it's impossible unless you are a clairvoyant

If they were clairvoyant in the first place then they would never do anything wrongly from their visions and thus they wont be complaining. Such a thing does not exist for obvious reasons. 

I think people need to understand that TA is not a fullproof indicator for the profit or loss. Rather it should be thought as a mode of studying the market to get an estimate about the market psychology. Doing TA makes you good at predicting but they will never be 100% correct because that would become something ideal. Since the market is prone to get affected by different types of news we should use TA with caution.

[Jating]

Technical analysis is everything. Even a simple look at the graphs can also be a technical analysis. This is a huge number of techniques. But newcomers most often think that technical analysis is an indicator. They think that if you put a lot of oscillators on the chart, they will find something special.

Everyone can really do technical analysis, just line up something and draw some graphs, and there you have it, you can find the pattern and predict the future price of bitcoin. However, it is more than that, I mean there are so called experts who totally rely on technical analysis.

So I wouldn't say it's bullshit or something, definitely something you can find it very interesting specially if you hit your prediction, however, its not guarantee that the pattern will always works. Most of the time, the sentiments of investors takes over the market.

[Black Coffee]

technical analysis is a way of how we measure the short-term possibilities that will occur in the future, if our analysis does not match what we predicted,
maybe our knowledge is lacking, or maybe market sentiment has changed. but that's all we can do, we cannot predict 100% accurately. and that is common in the stock market or cryptocurrency. so grow up. and watch your step

[DoublerHunter]

Nah, that is not bullshit if you have to understand, only bullshit people who did not understand and say that word. Technical analysis will work by having an analysis of historical data statistics to forecast future price movement. It is a great indicator when you are in trading and more or less you can use as a reference to take profit. It also a big help to the traders of being anticipate what is likely to happen to prices over time. So, I think that is not bullshit for me.

[bitbunnny]

I think that that depends how is your approach to technical analsys. It's important not to take it too serious and too exact, more like a general information and guidline. Technical analisys shouldn't be something that you will base your investment decisions because that might lead you to the wrong way. But it might be helpful if you combine technical analysis and other sources of information.

[LogitechMouse]

Technical analysis isn't bullshit. It is just a basis into where a market will move.
Well, TA is not 100% accurate so don't expect too much on it but to be honest I see some experts traders that are relying on TA.

[Ucy]

Technical analysis and day trading are memes. Try them and give your money to bots and whales.

This is somewhat true especially with coins controlled by few Whale traders on selected exchanges. Technically analysis still work a little bit with Bitcoin and sometimes with some top altcoins.
There are very few technical indicators that may work on coins controlled by few whale traders.

[Iceblast]

Technical analysis now is not nonsense, it can determine the position to be used as reference material for beginners. and now this might have to be clarified more deeply in the technical analysis so that it might be easier and clearer simplified and understood.

[LUCKMCFLY]

The technical analysis is only a small approximation to the ideal but not real, because there is no indicator that measures the intentions or emotions of people, whales and all market participants. I am not in favor of a triangle telling me that if it breaks up it is bullish, or if it breaks down in bearish, because it can simply break the triangle up and then fall and vice versa, so I don't believe in technical analysis. I think that there must be a fundamental market analysis with the technician to form a much more powerful tool to attack market movements, taking into account the emotions that whales can cause in others.

[barbara44]

Everyone can really do technical analysis, just line up something and draw some graphs, and there you have it, you can find the pattern and predict the future price of bitcoin. However, it is more than that, I mean there are so called experts who totally rely on technical analysis.

So I wouldn't say it's bullshit or something, definitely something you can find it very interesting specially if you hit your prediction, however, its not guarantee that the pattern will always works. Most of the time, the sentiments of investors takes over the market.

We cant classify those who are just playing with chart as someone who doing technical analysis , because before you can pickup p those charts to start analysis, you must have been fully trained about it, if you pick chart and start drawing lines, what do they know they will draw, so I would not want to agree that anyone will just pick chart to start drawing without knowing exactly what he or she is doing, except maybe the person is just trying to do some training which will be stupid enough of the person to predict an figure publicly when it is going through test.

Although there are some people that are just realizing some speculation and claiming its analysis, meanwhile they only got those predictions out of assumption, but someone who is well trained In TA will really give an accurate figure.

[imstillthebest]

depends if what is doing the anylysis . if he is a beginer or just a trader wanabee that thinks his pro and he do analysis without taking real efforts about the market and the coin, his analysis will likely going to fail and he can blame the analysis that he made ( calling it bs  )

 but if the analysis came from a pro trader that knows what his doing , there is a high chance that his analysis will be acurate .

[iMark]

Technical analysis isn't bullshit. It is just a basis into where a market will move.
Well, TA is not 100% accurate so don't expect too much on it but to be honest I see some experts traders that are relying on TA.

Agree, without technical analysis then with what will you make the choice to sell and buy? Will you do it without calculation and randomly? of course if you do that it will be the same as gambling right?
Indeed, technical analysis does not fully provide good results, but at least it provides a good picture and prediction for your choice in trade.

[virasog]

Technical analysis and day trading are memes. Try them and give your money to bots and whales.

You cannot say that trading is something with which we cannot gain any profits. I have seen many  traders who become millionaire / billionare only because of the crypto trading. Actually there are many people who come in the trading field without any knowledge and they think that they could earn quickly which is not possible.
Those who are the real traders and have the perfect technical analysis skills, they are still making good profit out of it. First establish your skills, both the technical and  the fundamental analysis and then try your luck in crypto trading .

[pinkpanther03]

Technical analysis is not bullshit to those who understand what trading really is, but of course to anyone who are lack of knowledge about in trading this is obviously a bullshit for them due to they don't have any idea about it. But I'd like to clear that TA is not a 100% will give you profit
because there is no perfect tools for us to make profit in trading.

[kennen1113]

Technical analysis isn't bullshit. It is just a basis into where a market will move.
Well, TA is not 100% accurate so don't expect too much on it but to be honest I see some experts traders that are relying on TA.

Agree, without technical analysis then with what will you make the choice to sell and buy? Will you do it without calculation and randomly? of course if you do that it will be the same as gambling right?
Indeed, technical analysis does not fully provide good results, but at least it provides a good picture and prediction for your choice in trade.

Exactly, although technical analysis does not provide a perfect choice for us but somewhere, it still provides some relative data, and from these data, we will increase our chances of winning, and this is really necessary when we have no basis to rely on. If we just look at the market and randomly choose, everything will be like you say, we are emotional and gambling, and our chances of winning will be very small when this market has too many unexpected situations, there is no basis to rely on, sooner or later, we will be toyed and lost by the market.

[perla]

Technical analysis is not bullshit to those who understand what trading really is, but of course to anyone who are lack of knowledge about in trading this is obviously a bullshit for them due to they don't have any idea about it. But I'd like to clear that TA is not a 100% will give you profit
because there is no perfect tools for us to make profit in trading.

Both technical or maybe our fundamental analysis can really help us, maybe it is right TA is not 100% will give us profit. Because if we can do both, we will be a good trader. Especially if h=we have strong mental as an addition, we can control our mental in every condition of market. If i can be like that, maybe i will be success trader, but not for now because i always panic when my coin dumped or i stuck in a coin and can't sell it.

[Julien_Olynpic]

Technical analysis only gives you the probability of making a profit, but does not guarantee that you will make a profit. If it were so easy, then everything around would be technical analysts. However, there are many people who do not believe in technical analysis. It's hard to say how right they are. Such disputes will last forever

[jhonjhon]

Technical analysis only gives you the probability of making a profit, but does not guarantee that you will make a profit. If it were so easy, then everything around would be technical analysts. However, there are many people who do not believe in technical analysis. It's hard to say how right they are. Such disputes will last forever

We can't tell that, we know people have a lot of differences and the market understanding as well. It (might) become an analyst of our own trades would be that easy, only we don't know how it is effective to find for...I hope it will. The market is often to change and relying on TA's all the times and I may think that it never been effective at all. Loses might we get in the end.

[btcholder]

Interesting post (great for beginners) detailing 3 premises to understand what technical analysis is and how the crypto market works https://www.publish0x.com/crypto-chart-wizard/technical-analysis-bullshit-or-not-xlzvwm

Trading is bullshit if you don't get it perfectly. There is no method perfect for trading. Many people success in trade with this technical analysis, many people see the worst part too. No one can said that he/she didn't see the worst part of trading not even success one. Those people who success today they also face bad time. So in trade anything is possible. If we want success then learn, patient and hard work is best option for us.

[Rubick99]

Technical analysis surely for real, that can work if you understand how candlestick move. For people who frustrated about trading in the market, they will say it bullshit, it can't work, etc.
But technical analysis can't be 100% true that will happen like what we're seeing. Personally, I will enter to market after market in "the end" of bearish market, when people just selling, i will buy for them for a cheap price.

[Rose_btc]

Technical Analysis is a pseudo science. Few traders read the charts so well that I feel surprised how is what is it that made them so sure of that. Once of my close friend is full time trader he says that "charts talk to you, if you build that connect". I am not that fond of candle sticks but, I would never address it as a bullshit as I know the people who have dont incredible trading based on TA.

Profit and loss are part of the game or you can say different faces of coins but that does not mean TA is bullshit.

[dark08]

Underestimate technical analysis at your own perils in crypto currency trading buddy. Despite the fact that fundermental analysis is one of the key factor to be considered, both technical and fundermental analysis must be considered be one can take an informed trading decision for a better outcome.

I agree to you technical analysis is so powerful thats a reason trader want to understand the fundamental analysis to know when the right time to buy/sell. In this kind of situation to bitcoin we already on undecided decision because it can be break or bounce anytime just observe its behavior and a good entry.

[hahay]

Underestimate technical analysis at your own perils in crypto currency trading buddy. Despite the fact that fundermental analysis is one of the key factor to be considered, both technical and fundermental analysis must be considered be one can take an informed trading decision for a better outcome.

I agree to you technical analysis is so powerful thats a reason trader want to understand the fundamental analysis to know when the right time to buy/sell. In this kind of situation to bitcoin we already on undecided decision because it can be break or bounce anytime just observe its behavior and a good entry.

Yes because technical and fundamental analysis about this will be very helpful for us to make better decisions without a doubt because it has a source that at least becomes a reference for us to take a further decision when we worry about the market situation that occurs.

[Bob Smith]

Underestimate technical analysis at your own perils in crypto currency trading buddy. Despite the fact that fundermental analysis is one of the key factor to be considered, both technical and fundermental analysis must be considered be one can take an informed trading decision for a better outcome.

True, a combination of technical analysis and fundamentals is required for successful trading. Bullshit stands nowhere near. Its very important for traders.

[silversurfer1958]

Technical analysis is really needed in the crypto market. The indicators are correct and reflect the short-term direction of the market.
My teachers have earned tens of thousands of dollars in a few months based on indicators.

[TheUltraElite]

If only use technical analysis I think yes its bullshit, but we must combine between technical analysis and Fundamental analysis so that the signal we get is more accurate and precise, although in trading is nothing 100% right according to prediction.

That second part of your statement makes the first part redundant. Nothing is 100% in prediction and that is why it is a prediction. Lets not go into signals here because people reading these will get the wrong idea that they should join signals groups which are scams. Instead what you said about analysis is correct. Although every analysis even if done by your hands should be taken with a grain of salt. However few things can most of the times be predicated nearly making placement of orders easier and ordering funds easier.

This overall makes a trader's life easy if you know how to use them.

[MetalGear]

Interesting post (great for beginners) detailing 3 premises to understand what technical analysis is and how the crypto market works https://www.publish0x.com/crypto-chart-wizard/technical-analysis-bullshit-or-not-xlzvwm

In a way, technical analysis is still usable because of the analysis' evaluation of investments and analyzing statistical trend through their gathered trading activities like volume and price movement so that they can identify trading opportunities, therefore technical analysis isn't bullshit at all, it's just that technical analysis are not that reliable if you're gonna use it for your whole trading cause it might fail as your strategy and might put your trades at risk or worst case, make you lose everything.

[deisik]

people who dont understand technical analysis say its bullshit

people who dont understand investing and trading say investing and trading is a bullshit

The question itself, well, actually both questions quoted are too broad to elicit any definitive answer, like a stringent no or an emphatic yes. For example, following the trend is statistically a winning strategy and finding a trend is surely the task for TA. But does that mean that TA is legit on the whole based on that premise alone? To put it differently, if some of the TA tools and methods are not working most of the time and when they do, they simply follow the broken clock pattern, does it render the whole TA invalid and useless? The point is, if TA helps you earn dough, stick to it. If it doesn't, stick to something else

As the saying goes, if it fits, wear it (and don't ask silly questions)

[ajaymukund]

TA absolutely no bullshit, it reflects the psychology of traders and speculators. This is one of the most effective analysis methods for financial markets, it can be applied to stock market, forex and crypto. The ancients used TA and it is still useful today.

[UmerIdrees]

I apply tech analysis and it perfectly works for me in crypto. But I use it only on liquid assets like btc, ethereum, bnb, xrp, eos, ltc. Shitcoins don't fir for tech analysis

Technical Analysis is good but it may not be fruitful unless you apply the fundamental analysis also. In crypto, some times the coins move with the news so if you are familiar with both TA and FA, it will be very good for you as a trader.

For shitcoins, they do not depend upon any news or analysis. They are mostly listed in low volume exchanges and they can be pumped or dumped easily because of the low volume. Its better stay away from such exchanges and coins. Just focus on good coins in big exchanges.

[MFahad]

people who dont understand technical analysis say its bullshit

people who dont understand investing and trading say investing and trading is a bullshit

here is the reality none of the trading system is 100% accurate

people who understand and practice the analysis will make money , i my self making profits using technical analysis

just ask yourself how much you have learnt and practised technical analysis , dont believe in this post you will get 100s of posts saying technical analysis will work and will not work , and knowing other things on whats going on with market is also important

This is the most easiest question ever. If you are a trader and if you do not know the technical analysis, how will you succeed in your trades ?
This is like you want to be an engineer but you never got the training for it.
Technical analysis is a must learn if you want to be a trader. If you're not a trader and just causally look at the market and prices, then you can go without it.

[udidrone]

I apply tech analysis and it perfectly works for me in crypto. But I use it only on liquid assets like btc, ethereum, bnb, xrp, eos, ltc. Shitcoins don't fir for tech analysis

People who really can do technical analysis is have best gift in trading. I learn about it for long time still not really understand. And most of my trading activity get panic and then cut loss. Maybe need more time for who not know about technical analysis to learn it, it really can help us in trading.

[Oilacris]

No, technical analysis is not bullshit, it is one of the ways you read charts in the trading world, it is very important for you to improve your technical analysis. But don't forget to be accompanied by fundamental analysis because just relying on technical analysis only is not enough to give you maximum results.

It should be!

People calling TA's are bullshit are to those who doesn't even know on how to read it up.We cant say that these things are precise but its much more better

if we do have these analysis yet we can able to read up charts not just trying to look at it but you do have no idea on what you are dealing with.
As trader this might be a basic stuff but yet its an important one.

[doomistake]

people who dont understand technical analysis say its bullshit

people who dont understand investing and trading say investing and trading is a bullshit

here is the reality none of the trading system is 100% accurate

people who understand and practice the analysis will make money , i my self making profits using technical analysis

just ask yourself how much you have learnt and practised technical analysis , dont believe in this post you will get 100s of posts saying technical analysis will work and will not work , and knowing other things on whats going on with market is also important

This is the most easiest question ever. If you are a trader and if you do not know the technical analysis, how will you succeed in your trades ?
This is like you want to be an engineer but you never got the training for it.
Technical analysis is a must learn if you want to be a trader. If you're not a trader and just causally look at the market and prices, then you can go without it.

Agreed. We can't step forward if we are not going to study our past, we learn from our past for us to be prepared in the future, which is why technical analysis is the basics of the basics in Trading cryptocurrency. It is all about studying the past and the current price chart of the cryptocurrency to have a better understanding about the potential of a certain coin, but this doesn't guarantee you that you could make profits when you use this approach in Trading, it is still depends on how you are going to perform.

People who jumped straight forward in Trading without any knowledge about trading are mostly who loses profits all the time.

[target]

Only few traders share how the indicators work which makes it difficult for new traders survive, you can see anyone share their trading strategies with the details of when to buy in the 1hour time frame or to 4 hour for the day trader. This is going to be difficult since the market doesn't spike or drop substantially in these time frame.

If there are traders going to share their charts and analysis at this level, they will find it useful so far the technical analysis is making it difficult to understand even the margin and concept of leverage in crypto, its even rarely offered.

[ecnalubma]

If you follow the right people your chances to win a trade is high, you might learn from them too and have better ideas and create your own tactics. You can’t perfect trade but the experience you have accumulated will help you make good decisions in the future.

[pinggoki]

Technical analysis bullshit? Due to the help of the technical analysis we are making some analysis on what would be happen to the market for the next few days. Technical analysis can give us some useful information on what would be the outcome of the market after having a big dump out. People who don't know how to do technical analysis are people who says that it is bullshit, and also those who says that thid is nothing there are the one who fails to use some technical analysis.

[Genemind]

The technical analysis serves as a trading guide, especially for trading pros. It actually plays a good role in the trader's decision making. It's risky if we'll rely things through TA without enough understanding about it. It will only become bullshit if we'll use it without even understanding it because that would result in failure and losses. We can't say it isn't working because there are lots of successful traders who are using it.

[crazyspaceman]

DEFINTELY NOT!
Analysis is a crucial step in getting better at trading.
I have my portfolio imported in on Newscrypto.io where I can check my ROI, gains, and losses for each coin and trade details on one page in my coin tracker for free. If anyone knows for any sites that make automated reports please let me know!!!! Have a great one traders

[AUruHM]

DEFINTELY NOT!
Analysis is a crucial step in getting better at trading.
I have my portfolio imported in on Newscrypto.io where I can check my ROI, gains, and losses for each coin and trade details on one page in my coin tracker for free. If anyone knows for any sites that make automated reports please let me know!!!! Have a great one traders

TA and portfolio audits are not the same. Technical analysis works fine but wee should understand that TA is postfactum. No predication because patterns and history are important. But it never repeats exactly. If you want to be a good trader it need to watch for the volumes and clusters. This is engine.

[coingrowth]

DEFINTELY NOT!
Analysis is a crucial step in getting better at trading.
I have my portfolio imported in on Newscrypto.io where I can check my ROI, gains, and losses for each coin and trade details on one page in my coin tracker for free. If anyone knows for any sites that make automated reports please let me know!!!! Have a great one traders

TA and portfolio audits are not the same. Technical analysis works fine but wee should understand that TA is postfactum. No predication because patterns and history are important. But it never repeats exactly. If you want to be a good trader it need to watch for the volumes and clusters. This is engine.

I do agree with you, one of my friends keeps on explaining you need to be very careful with the volumes and buy orders are important in which you are investing. So we should always try to improve our skills in order to analyze on what we are investing in trading.

[Darooghe]

It is not bullshit. imagine that you had a technique to perfectly predict price movements, then you would always buy low and sell high. By doing that you would alter the market ever so slightly. now imagine that everyone knew your technical analysis, then everyone would buy at the low and sell at the high, but now it’s a competition. You’ll have to sell just before the high so you can sell before the crowd jumps in. But everyone is going to do that. Same for the lows. thereby invalidating the technical analysis.

There are only two ways to make money off of technical analysis. First, finding an indicator that nobody knows yet. But it is an arms race so you will only have that indicator for yourself for a short time before it gets invalidated. Second, create a following and get them to move as one in a way you can exploit.

[clickerz]

I apply tech analysis and it perfectly works for me in crypto. But I use it only on liquid assets like btc, ethereum, bnb, xrp, eos, ltc. Shitcoins don't fir for tech analysis

Shitcoins is prone to manipulations and 'pump and dump' by whales. Technical Analysis is working  fine but you need to try some other tools to decide. Though Technical analysis can give you insights, Doing Your Research is still the best to employ combined with your Fundamentals. Technical Analysis is not bull shit at all,just master 2 or three methods to used to have a clearer decision.

[joshy23]

I do agree with you, one of my friends keeps on explaining you need to be very careful with the volumes and buy orders are important in which you are investing. So we should always try to improve our skills in order to analyze on what we are investing in trading.

And also add the possibilities of bots and manipulation, you need to work with more understanding  and carefully analyze the market movements.

Technical analysis works if you can deal with it much deeper, anticipate with how you understand everything inside the market.

[panganib999]

Interesting post (great for beginners) detailing 3 premises to understand what technical analysis is and how the crypto market works https://www.publish0x.com/crypto-chart-wizard/technical-analysis-bullshit-or-not-xlzvwm

The fact that it was listed as one of the analysis that is being used by traders and enthusiasts, means it's not completely bullshit, but it might be one though. The price evaluation it does could help together with the statistical trend and trading activities they gathered to find trading and investment opportunities that enthusiasts might take and use as their guide in trading or investing but they can't just fully rely on technical analysis for it's not a hundred percent accurate and might fail at times.

[error08]

What can I understand about TA in trading is a probability-based on mathematical analysis, market history, and market sentiment which affect the price. Yeah, nothing is 100%, but I have made profits by learning some TA provided in some "places" and following some which really have the highest quality of winning streak.

[uray]

No, technical analysis is not bullshit, it is one of the ways you read charts in the trading world, it is very important for you to improve your technical analysis. But don't forget to be accompanied by fundamental analysis because just relying on technical analysis only is not enough to give you maximum results.

I am just quoting you, but the response is to everyone who think that technical analysis is a good part when you are trading in the bitcoin market, the only thing you need to understand is that there is not much data you can come up with as the market is less than ten years old and you cannot come up with an accurate data when it comes to technical analysis and hence i will not trust those.

[Thanasis]

Technical analysis of crypto trading can be helpful for the people who are trading very often but it is not going to be useful for the long-term traders in my opinion. And also don't depend too much under technical analysis because when there is a manipulation then your technical analysis will have no effect so you will lose your your profit or even capital.

My suggestion will be fundamental analysis is more important for trader to make profit then only we have to go for technical analysis to practice more strategies.

[Golstrim]

Technical analysis isn't bullshit. You know, every trading system can be based on analysis. Although you trade with volumes or other patterns, tech analysis is needed and can be a tool to maximize your profit and level up your trading. Speaking about technical analysis I would study it to implement in your trading system. Think about it, mate!

[ardentvolcanoes]

Technical analysis isn't bullshit. You know, every trading system can be based on analysis. Although you trade with volumes or other patterns, tech analysis is needed and can be a tool to maximize your profit and level up your trading. Speaking about technical analysis I would study it to implement in your trading system. Think about it, mate!

It's adding the full potentials of profits when you are placing your position. Having a good knowledge regarding to technical analysis gives many grounds of finding the right decision inside your trading activities. If you do have proper training and you have a good glimpse with how market will proceed, using technical analysis you can get the full benefits as you will wait and not to rush since you have idea what will the market brings to you.

[djselery]

Technical analysis is a helpful tool to minimize the risks of the short term trades, but it is not enough though, nor really helpful for the long term trades. The technical analysis is a tool helping traders to read and analyze the charts, but it is not 100% accurate and you have to decide for yourself before completing the trade, not to depend only on the TA.

[pundit]

There are three types of market analysis to predict the market.
1. Fundamental Analysis
2. Sentimental Analysis
3.Technical Analysis.
I am not going to elaborate each of these analysis here but the most commonly use to predict any financial market is Technical Analysis. It includes to study chart patterns, candles, trends and Pivots etc and this is the most simple and common way to take and exit the trades. Many of the traders earn money trading market with tech analysis.I think someone understanding it can't call it bullshit analysis.

[joinfree]

Lol, why would you say technical analysis of the crypto market is bullshit. It's just like the prediction of forex and exchange currencies by businessmen. There could be some short falls at some point in time but that does not nullify the knowledge given in those analysis. What you really need to understand is that all these are predictions based on something, that's why is always advisable to do your own research even after reading all these analysis before investing.

[Kelvinid]

If we know how this Technical Analysis works for us greatly, we could say that it is helpful but if we don't get it even spending years into this or it something never works for us in our trading life, that would be bullshit.  

Depending on our own appreciation, others say NOT while the others say YES. By doing it on our own, we can tell the conclusion and its importance.

[Lanatsa]

There are three types of market analysis to predict the market.
1. Fundamental Analysis
2. Sentimental Analysis
3.Technical Analysis.
I am not going to elaborate each of these analysis here but the most commonly use to predict any financial market is Technical Analysis. It includes to study chart patterns, candles, trends and Pivots etc and this is the most simple and common way to take and exit the trades. Many of the traders earn money trading market with tech analysis.I think someone understanding it can't call it bullshit analysis.

People who do call technical bullshit is to those people who don't able to make money using up these methods.There's no such thing of bullshit analysis if we do know on how to use it but somehow no analysis can give you precise results that's why you should put up to your mind that mistakes or losses are inevitable.

I'm not really that technical analysis fan but I do make or use some MA and trend lines anytime I do make a trade.

[noormcs5]

There are three types of market analysis to predict the market.
1. Fundamental Analysis
2. Sentimental Analysis
3.Technical Analysis.
I am not going to elaborate each of these analysis here but the most commonly use to predict any financial market is Technical Analysis. It includes to study chart patterns, candles, trends and Pivots etc and this is the most simple and common way to take and exit the trades. Many of the traders earn money trading market with tech analysis.I think someone understanding it can't call it bullshit analysis.

People who do call technical bullshit is to those people who don't able to make money using up these methods.There's no such thing of bullshit analysis if we do know on how to use it but somehow no analysis can give you precise results that's why you should put up to your mind that mistakes or losses are inevitable.

I'm not really that technical analysis fan but I do make or use some MA and trend lines anytime I do make a trade.

There was a time when i did not pay attention to the TA. But still i wanted my trade to be perfect. This did not happen and i lost big money in trading. Later i learnt technical analysis and then restarted the trading. I do not say that i started getting good profits but i do know the trends of the markets are driven through TA.

[AUruHM]

For TA applications you must understand in which borders it works. Any MA, EMA, BB and the same don't move price. It's historical facts and nothing more. And where the price will move later don't know anybody. But!! We can define direction with quite good accuracy by VSA or other cluster analyses. Learn engine - bid/ask balance. And TA as an instrument for enter/exit definitions

[strunberg]

For TA applications you must understand in which borders it works. Any MA, EMA, BB and the same don't move price. It's historical facts and nothing more. And where the price will move later don't know anybody. But!! We can define direction with quite good accuracy by VSA or other cluster analyses. Learn engine - bid/ask balance. And TA as an instrument for enter/exit definitions

technical indicators sometime show fake signal or repaint.but usage of any moving average will help us to identify the trend.we know basic trading rule was make trend as our friend.so personally i am prefer to use moving average indicator that combine with supply and demand technique or support resistance analisys.it will work better than other strategy.

[jaocoincrypto18]

Some of them still have a doubt about it maybe they aren't that good in using TA after all or didn't try it yet.
Using TA and/or FA is the only way traders can get the closest price prediction in the chart.
Without it, it's like you are running blind in the street.

Those inviduals that are in doubt is simply because they lose money during their investments in which they might relying too much in a TA with a positive approach. They don't think that TA is just a tool for our trading and investment reference so that we could come up with our own analysis before investing to a certain commodity.

[nasipadang]

Keep in mind that technical analysis is only predictive, nothing is 100% correct. So far using technical analysis makes you understand that the highest possibility is only 80% of the truth of the price value, almost the same as the trend prediction formula using price history. 100 percent trust in predictions without making analysis or other strategies is a reckless act for traders and investors.
Halving prediction in 2020? considering the technical analysis used to predict halving that will occur in 2020. He uses technical analysis where the pattern is almost the same as the historical value, here the analysis is not bullshit, technical analysis is not just making lines on the graph.

[jmigdlc99]

people who dont understand technical analysis say its bullshit

people who dont understand investing and trading say investing and trading is a bullshit

here is the reality none of the trading system is 100% accurate

people who understand and practice the analysis will make money , i my self making profits using technical analysis

just ask yourself how much you have learnt and practised technical analysis , dont believe in this post you will get 100s of posts saying technical analysis will work and will not work , and knowing other things on whats going on with market is also important

While i agree with you, technical analysis can only go as far as giving you the advantage of trading based on historical trends. However, when it comes to crypto it is so easy for technicals to go out the window because of all the volatility.

If you want to be successful in crypto trading whats important is to make use of all your senses and make sure that you look at technicals as well as news tabloids. "Buy the rumor sell the news."

[KnightElite]

Interesting post (great for beginners) detailing 3 premises to understand what technical analysis is and how the crypto market works https://www.publish0x.com/crypto-chart-wizard/technical-analysis-bullshit-or-not-xlzvwm

Technical analysis is ver useful in order to have idea where the price will go. It is not a bullshit, it is a matter of fact that technical analysis is very useful. It requires effort for us to understand technical analysis.

[miningguru]

Technical analysis is very important for a trader to make profits because without knowledge about trading analysis sometimes it is impossible for us to make profits. The technical aspect is majorly important to guess the value of the coin we choose for investing.

[nelson4lov]

The market can be better analyzed using Technical analysis in combination to Fundamental Analysis. You can spot trends early if your Technical analysis correlates with upcoming news. We've seen fundamental analysis coming through in different occasions. Even technical analysis. But when combined, It goes a long way and can be great tools in every traders toolbox.

Most people can bullshit TA as much as they want but history has always repeated itself. And thanks to it, You don't get to leave money on the table.

[ecnalubma]

Technical analysis works to most traders, if its ineffective then they should have stop doing it long time ago. Only we can call it useless if it don't make sense or baseless, I find it useful because it is applied in stock trading and now on crypto trading too. Though its not accurate but it gives you an idea of market scenario.

[djsugar]

Technical analysis is based on historic trends. Cryptocurrencies isn't old enough and has historic data that TA can become actually effective. But if you're trading short term, you will notice TA actually is effective. You can't predict sudden trend change, but can gain on trend continuation but only in short term. FA isn't really fruitful in crypto trading. Therefore, TA is something you can rely on.

[poptok1]

In my opinion technical analysis is just a fancy name for good-old guessing.
At the end of the day it all ends up with ordinary guess of the direction the trend is moving, nothing more.
Colourful graphs, slick charts and elaborated lines are exactly what their name suggests they are.
The king is naked, you can't predict the future accurately regardless of how much mathematical science you use, mostly because the future is not predetermined and stuff can go in unexpected direction any moment. There are to damn many factors.
Well-educated-guess but still a guess, nothing more.    

[EdenHazard]

Some of them still have a doubt about it maybe they aren't that good in using TA after all or didn't try it yet.
Using TA and/or FA is the only way traders can get the closest price prediction in the chart.
Without it, it's like you are running blind in the street.

Those inviduals that are in doubt is simply because they lose money during their investments in which they might relying too much in a TA with a positive approach. They don't think that TA is just a tool for our trading and investment reference so that we could come up with our own analysis before investing to a certain commodity.

A loser always have an excuses to blame...

I do agree about that no matter it's  TA or FA both are just a tool to achieve a good result in trading. Those people who think technical analysis is a BS , didn't work, just a fantasy etc they might the one who have a bad day or even completely don't understand to use the TA.

There's more people who think and calling a fundamentals analysis is completely bullshit , playing with media, gather information and trade based on that kind of gambling yeah for some people.

[tungaqhd]

Technical analysis works to most traders, if its ineffective then they should have stop doing it long time ago. Only we can call it useless if it don't make sense or baseless, I find it useful because it is applied in stock trading and now on crypto trading too. Though its not accurate but it gives you an idea of market scenario.

Agree, technical analysis has been proved so clear by many traders, it's not bullshit, if someone considers technical analysis to be ineffective and nonsense, they should rethink the method and the way they approach technical analysis, whether it went right or they were overly imagining technical analysis. Because some people think that technical analysis will give us a perfect decision but in fact not, it only gives us a certain picture of the market, and this image is just a script out of millions of scenarios, it's just a reference

[masulum]

<snip>

You are really true, TA just like we are predicting football score for every match. Sometime it can be true, sometimes it can be false. But, at least trader can set where he wants to set buy order, or sell order. Maybe he will lose because his prediction doesn't match with market position, this is part of the game of trading business.

[Google+]

This analysis technique that is often done by traders has a bit of a helping nature to determine cryptocurrency price movements by observing charts at the exchange, but you should know that cryptocurrency price movements are not easy to predict because cryptocurrency price movements depend on demand so the technique analysis has contributed little to help traders.

[jakoylantern]

For me, technical analysis not bullshit, maybe it's not totally accurate, but it still gives you a good target point. Also, the main problem is if you can't understand it will right, because you can't say its a bullshit if you know its only a prediction on what range will it go down or up, that will give you a hint if that range is profitable to you or not. 

[DaveWave]

Trading without using technical analysis is just like playing a dice in a casino. Relying on luck minus and against the small house edge.

If there is a good/bad news then that would be a good hint to buy/sell. But you will have a hard time finding the buying/selling range, that is where technical analysis can assist you.

Technical analysis cannot be right at all times depending on how you use it, even good traders lose. But it plays an important role on trading and a good guide on long term investing.

[Fredomago]

Trading without using technical analysis is just like playing a dice in a casino. Relying on luck minus and against the small house edge.

If there is a good/bad news then that would be a good hint to buy/sell. But you will have a hard time finding the buying/selling range, that is where technical analysis can assist you.

Technical analysis cannot be right at all times depending on how you use it, even good traders lose. But it plays an important role on trading and a good guide on long term investing.

It will continue enhancing your skills predicting the next possible target if you use technical analysis. This tools help every traders on how they will anticipate the potential position that the market will be heading, with the help of your past experiences you will be able to read and assume where
to place your investment. Both buying and selling assets can be guided by analyzing the situations. You need to focus reading the charts and review every aspect that you can have to use as basis of your activities inside this trading business.

[TrevorS]

In general, I am surprised by people who create topics with similar questions. The forum has a lot of smart and talented people, both among traders, among miners and holders, and so on.
Why do you think that if technical analysis were stupid, they would not understand this.
Technical analysis is difficult to apply because of the manipulative nature of the market, only because of this it does not always work.

[artemis24]

Asking same question. Just got into trading and not sure if it's cool to just follow the signals or learn the basics first? Help much appreciated!

[EdvinZ]

Technical analysis is definitely a good tool in successful trading. It is important to use it correctly. You also need to understand that relying only on technical analysis, without knowledge of the news background, for example, is unacceptable. You can see various patterns that you think accurately determine the future price of the asset, but the whole news background can be completely against your analysis and you can suffer losses in this case. It is important to use all the tools that are available to traders.

[lumierre]

What can I understand about TA in trading is a probability-based on mathematical analysis, market history, and market sentiment which affect the price. Yeah, nothing is 100%, but I have made profits by learning some TA provided in some "places" and following some which really have the highest quality of winning streak.

Here, the keyword is "probability".  In many cases, TA does not work at all, but it does not mean that it must not be considered. In some situations, technical analysis can be even more useful for Bitcoin than for other assets. Since this market has a very dynamic news flow and high volatility. In addition, a series of the largest highs and lows on the chart underline the mood in the market.

[FlamingFingers]

Asking same question. Just got into trading and not sure if it's cool to just follow the signals or learn the basics first? Help much appreciated!

I will advise you to learn the basics,  it's gonna help you much better in trading,  don't follow lots of fake predicted signal calls that are being given by some Noobs trader,  learn basic and further more in it,  so as to be able to give a solid call on your own

[Danumsigwasan]

As one interested in any form of trading, it’s vital to have enough idea of what’s happening and whether it’s done through Technical or Fundamental, it’s all relatively easier to do. So this is really what our focus has to be on to benefit. I don’t think it’s so simple but the simplest form could be to just track Crypto News, as there won’t be anything extra-ordinary needed for it and this is where we can gain plenty through as well.

[Pelunize12]

i use technical analysis to predict price, it's my tool which i use for fighting in this probability game

must be recognized that technical analysis doesnt ALWAYS work well, but from TA, i can know where i place the stoploss

combining TA and FA is the good idea for better result

[Apes]

try asking pro traders if they use technical analysis in their work.  yes their do, without technical analysis is the same as working with full risk, even though the results are not accurate but they prove that technical analysis is needed when entering the market. if you say it's bullshit, you can enter the market with as much money as you got and we see the results.

[LUCKMCFLY]

No, the technical analysis can not be a lie, we must start that represents a way to study the market, it is not decisive because it is accompanied by many events that the technical analysis does not have.

The indicators, mathematical tools help to make approximations in the market analysis, in my case I use some elements of the technical analysis. When you accompany the technical analysis with a market analysis taking into account possible emotions, assuming bullish traps, and looking for the reason of some important movements, it is what should always be done prior to a Technical Analysis.

When we study the market, we can review the volume, which gives important information, especially if we study it from a macro level to a fractal level, for example: See the Bitcoin chart and analyze it for months, weeks, days and determine what phase the market may be, according to this we can have a vision of what can happen, but not a prediction, although many make prediction, it is free to make, but when a study is done in this way and carried at smaller fractals, at 4 hours, volatility is more palpable, but having the previous analysis of the possible scenarios, it is already the trader's criteria to use the technical analysis to strengthen its plan.

It is necessary to understand that the AT is a great help for the trader, it is a very powerful tool, but many indicators do not have the function of analyzing why a movement occurred, I think that when the Technical Analysis is combined with the analysis of each trader in Your vision of the market, the chances of success increase and minimize your losses.

[dunfida]

i use technical analysis to predict price, it's my tool which i use for fighting in this probability game

must be recognized that technical analysis doesnt ALWAYS work well, but from TA, i can know where i place the stoploss

combining TA and FA is the good idea for better result

Using up any analysis is much more better rather than trading blindly or doesnt have any tools been using while you do trade.
Yes, it might not be precise but at least you do have the image on where the prices do go or heading up.You can really set out
stop losses and take profit areas which is helpful on implementing your capital management.So in short, TA's arent some bullshit stuff.

[Pelunize12]

i use technical analysis to predict price, it's my tool which i use for fighting in this probability game

must be recognized that technical analysis doesnt ALWAYS work well, but from TA, i can know where i place the stoploss

combining TA and FA is the good idea for better result

Using up any analysis is much more better rather than trading blindly or doesnt have any tools been using while you do trade.
Yes, it might not be precise but at least you do have the image on where the prices do go or heading up.You can really set out
stop losses and take profit areas which is helpful on implementing your capital management.So in short, TA's arent some bullshit stuff.

yes sir, TA is good for trader. but the problem is, many people have not understood well about TA, then they blame that TA isnt good thing
that's why we have to learn and learn more TA to get good result. finally, we have good trading setup and get much money

[Arkann]

i use technical analysis to predict price, it's my tool which i use for fighting in this probability game

must be recognized that technical analysis doesnt ALWAYS work well, but from TA, i can know where i place the stoploss

combining TA and FA is the good idea for better result

Using up any analysis is much more better rather than trading blindly or doesnt have any tools been using while you do trade.
Yes, it might not be precise but at least you do have the image on where the prices do go or heading up.You can really set out
stop losses and take profit areas which is helpful on implementing your capital management.So in short, TA's arent some bullshit stuff.

In any case, you need to conduct a technical analysis before you start trading, because there is a huge danger of losing your money.  Many cryptocurrency users who do not yet have sufficient experience of the trader and are not able to carry out accurate analysis, use Signals from reputable sources, because in any case, you need to get real information in order for the trade to be effective.

[Willitivity]

try asking pro traders if they use technical analysis in their work.  yes their do, without technical analysis is the same as working with full risk, even though the results are not accurate but they prove that technical analysis is needed when entering the market. if you say it's bullshit, you can enter the market with as much money as you got and we see the results.

I agree with you on the basis of the results not being accurate all the time, that just goes to prove how unpredictable the market can really be.
To get a better result, technical analysis should be paired with fundamental analysis as well, just to improve the chances.

Technical analysis forms the cure of every trading activity, not just in cryptocurrencies but even in Forex.

[Shasha80]

Never say technical analysis bullshit, if there is someone to say that I don't think he is have studied trading. I explain a little
about the function of this technical analysis can be for all kind of trading, not only for crypto trading. Its function is to predict
price movements, can also know the market conditions, determine the assets to be purchased, etc. I personally get a signal
trading from technical analysis that I did myself, from the part that I followed 70% of it earned profit. So it's very clear to me
technical analysis is not bullshit.

[Colt81]

Never say technical analysis bullshit, if there is someone to say that I don't think he is have studied trading. I explain a little
about the function of this technical analysis can be for all kind of trading, not only for crypto trading. Its function is to predict
price movements, can also know the market conditions, determine the assets to be purchased, etc. I personally get a signal
trading from technical analysis that I did myself, from the part that I followed 70% of it earned profit. So it's very clear to me
technical analysis is not bullshit.

Your definitions and functions about technical analysis are precisely correct. In my own opinion, technical analysis is not bullshit because it is working and using this kind of analysis will really help you to make your trade more efficient and profitable. Honestly, It's been 2 years since i started do trading, and i always use technical analysis which is a great help in my trades. People who says technical analysis is not working are bad traders or people who can't earn from trading, that is why they say it is bull shit.

[Apened]

Never say technical analysis bullshit, if there is someone to say that I don't think he is have studied trading. I explain a little
about the function of this technical analysis can be for all kind of trading, not only for crypto trading. Its function is to predict
price movements, can also know the market conditions, determine the assets to be purchased, etc. I personally get a signal
trading from technical analysis that I did myself, from the part that I followed 70% of it earned profit. So it's very clear to me
technical analysis is not bullshit.

Your definitions and functions about technical analysis are precisely correct. In my own opinion, technical analysis is not bullshit because it is working and using this kind of analysis will really help you to make your trade more efficient and profitable. Honestly, It's been 2 years since i started do trading, and i always use technical analysis which is a great help in my trades. People who says technical analysis is not working are bad traders or people who can't earn from trading, that is why they say it is bull shit.

Its definitely varies from one person to another person because we don't know what they've experience in trading and if they earn or loss. They have to accept the fact that there are traders who is making good gains by using technical analysis and also some other are losing money not because of technical analysis but more in the way they trade. Technical analysis is really working for those who knows how to read charts, and more importantly is to manage their trades from time to time.

[huige007]

Never say technical analysis bullshit, if there is someone to say that I don't think he is have studied trading. I explain a little
about the function of this technical analysis can be for all kind of trading, not only for crypto trading. Its function is to predict
price movements, can also know the market conditions, determine the assets to be purchased, etc. I personally get a signal
trading from technical analysis that I did myself, from the part that I followed 70% of it earned profit. So it's very clear to me
technical analysis is not bullshit.

Your definitions and functions about technical analysis are precisely correct. In my own opinion, technical analysis is not bullshit because it is working and using this kind of analysis will really help you to make your trade more efficient and profitable. Honestly, It's been 2 years since i started do trading, and i always use technical analysis which is a great help in my trades. People who says technical analysis is not working are bad traders or people who can't earn from trading, that is why they say it is bull shit.

I agree with you. Technical analysis can provide some good information that can help a trader to make right decision at right time. These analysis are based upon past data and have some reality in them too. Still if someone thinks that such tools are enough to become a successful leader in this field, he is wrong and should try to depend on his knowledge and intuitions too. Never make a move without thinking about it.

[MURONDI]

Professional traders really need analysis before entering the market, but not all traders need technical analysis, some rely on fundamental analysis, so for some people technical analysis is very helpful, I myself prefer to rely on technical analysis before entering the market.

[anastasia tsoy]

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[Apened]

Professional traders really need analysis before entering the market, but not all traders need technical analysis, some rely on fundamental analysis, so for some people technical analysis is very helpful, I myself prefer to rely on technical analysis before entering the market.

Yes, professionals always do need a analysis. There's a big difference between traders and an investor who uses different kind of analysis like others are in Fundamental side only which is for investors and the other hand are on the technical side. We have to know its big difference evrye trader and investors should so they have nothing to argue with.

[ufaiz50]

I think technical analysis is sometimes bullshi and sometimes not, many traders are profitable because of technical analysis, there are also traders who lose due to technical analysis. In trading at least technical analysis can help you where you need to make a buy order. Regardless of how well you make technical analysis, cryptocurrency is volatile, there is still a possibility that your technical analysis moves against market values.

[strunberg]

Professional traders really need analysis before entering the market, but not all traders need technical analysis, some rely on fundamental analysis, so for some people technical analysis is very helpful, I myself prefer to rely on technical analysis before entering the market.

it depend on their character.some people feel comfort using fundamentall or technical analisys.but if we combine these analisys we will get best result ever.in technical we will get best place to entry or exit, and by fundamental we know what news that be trigger for price movement.most of trader prefer technical analisys to support their trade.they think its easiest way to learnt.

[Sahyadri]

I have been trading for a year now. I can say it with surety that yes, technical analysis is really beneficial in crypto currencies. Cryptos are relatively new than other traditional investment asset where usually a combination of TA and FA works. Cryptos are not that mainstream that FA can be relied upon. You can only take help of TA to make trading decisions which could be effective if done wisely. TA is really helpful in entering the short term trade and staying away from the market in case of sideways movements.

[ashmodeus]

i believe on somewhere over there,professional traders or even big whales have some analyst,to make some speculation ,make summaries to make action,etc.
because this would make no sense if he moves according to his own wishes,the market tends to go down, then accompanied by a few increases,I believe such movements because analysts are involved in it.
but well, it depend how u think now, for me , analysts is real.

[Omega Weapon]

Never say technical analysis bullshit, if there is someone to say that I don't think he is have studied trading. I explain a little
about the function of this technical analysis can be for all kind of trading, not only for crypto trading. Its function is to predict
price movements, can also know the market conditions, determine the assets to be purchased, etc. I personally get a signal
trading from technical analysis that I did myself, from the part that I followed 70% of it earned profit. So it's very clear to me
technical analysis is not bullshit.

Your definitions and functions about technical analysis are precisely correct. In my own opinion, technical analysis is not bullshit because it is working and using this kind of analysis will really help you to make your trade more efficient and profitable. Honestly, It's been 2 years since i started do trading, and i always use technical analysis which is a great help in my trades. People who says technical analysis is not working are bad traders or people who can't earn from trading, that is why they say it is bull shit.

Those that say that technical analysis does not work or something similar probably had bad experiences when they tried it and now they think that if it did not work for them then it must not work for anyone, but this can be easily disproved because as we know there are traders that have been earning profits in different markets for decades and this cannot be because of luck, there must be another explanation and the most simple explanation is that technical analysis does work, you just have to learn how to use it to make money.

[AliMan]

Never say technical analysis bullshit, if there is someone to say that I don't think he is have studied trading. I explain a little
about the function of this technical analysis can be for all kind of trading, not only for crypto trading. Its function is to predict
price movements, can also know the market conditions, determine the assets to be purchased, etc. I personally get a signal
trading from technical analysis that I did myself, from the part that I followed 70% of it earned profit. So it's very clear to me
technical analysis is not bullshit.

Your definitions and functions about technical analysis are precisely correct. In my own opinion, technical analysis is not bullshit because it is working and using this kind of analysis will really help you to make your trade more efficient and profitable. Honestly, It's been 2 years since i started do trading, and i always use technical analysis which is a great help in my trades. People who says technical analysis is not working are bad traders or people who can't earn from trading, that is why they say it is bull shit.

Those that say that technical analysis does not work or something similar probably had bad experiences when they tried it and now they think that if it did not work for them then it must not work for anyone, but this can be easily disproved because as we know there are traders that have been earning profits in different markets for decades and this cannot be because of luck, there must be another explanation and the most simple explanation is that technical analysis does work, you just have to learn how to use it to make money.

Initiate a simple ways and nevermind those analysis because that makes the situation more worst with respect to decisions on trading. Always look for the real time market changes, and set aside your motivations to fulfill those goals that you've been established. It might work in some ways but I don't think it will sustain along the way.

[riyadmozu19]

Technical Analysis isn't  Bullshit at all in the article also said about that. This is crypto trade so we can trust anyone or anything. Anything can happen in this section so we shouldn't depend on technical analysis only. 

[craZyLovE0916]

Well experienced traders may have a slight advantage by using industry software and tools, at the end of the day the space is too competitive for most people, so consider avoiding day trading.

[biddicoin]

I think technical analysis is sometimes bullshi and sometimes not, many traders are profitable because of technical analysis, there are also traders who lose due to technical analysis. In trading at least technical analysis can help you where you need to make a buy order. Regardless of how well you make technical analysis, cryptocurrency is volatile, there is still a possibility that your technical analysis moves against market values.

even when technical analysis goes wrong way, it doesnt mean bullshit. many technical analysis book/ article said that it is just tool to help. not saying 100% right
in technical anlysis also teaches about stoploss, how/when we must set stop loss when we goes wrong way, so we never get big loss again because of stoploss
that's why i believe in technical anaylisis and use it to trade cryptocurrency

[Edraket31]

I think technical analysis is sometimes bullshi and sometimes not, many traders are profitable because of technical analysis, there are also traders who lose due to technical analysis. In trading at least technical analysis can help you where you need to make a buy order. Regardless of how well you make technical analysis, cryptocurrency is volatile, there is still a possibility that your technical analysis moves against market values.

even when technical analysis goes wrong way, it doesnt mean bullshit. many technical analysis book/ article said that it is just tool to help. not saying 100% right
in technical anlysis also teaches about stoploss, how/when we must set stop loss when we goes wrong way, so we never get big loss again because of stoploss
that's why i believe in technical anaylisis and use it to trade cryptocurrency

For me it depends, if the one you are basing at is honest and reliable, so you can check their analysis just, but it should be not your basis at all, since doing your own research, making your own technical analysis should be better, don't rely on other people, don't make decisions because they said it, as market and people can do anything to manipulate your mind.

[Omega Weapon]

Well experienced traders may have a slight advantage by using industry software and tools, at the end of the day the space is too competitive for most people, so consider avoiding day trading.

But how experimented traders got that way? There should have been a time in which they had no access to those tools and in which they were newbies, so you cannot explain their success in that way, what they did that most investors do not do is to have a very clear idea about how to trade the markets and if things went wrong then they kept thinking about it until they got it right, and the market is not as competitive as you may think since there are very few professional traders if you compare it to the stock market.

[tambok]

Well experienced traders may have a slight advantage by using industry software and tools, at the end of the day the space is too competitive for most people, so consider avoiding day trading.

But how experimented traders got that way? There should have been a time in which they had no access to those tools and in which they were newbies, so you cannot explain their success in that way, what they did that most investors do not do is to have a very clear idea about how to trade the markets and if things went wrong then they kept thinking about it until they got it right, and the market is not as competitive as you may think since there are very few professional traders if you compare it to the stock market.

Most of the time, technical analysis is a way tool for whales to manipulate the price, they are giving fake signals for their own benefit, so let's not trust and rely them too, unless your friend of from a family member, always remember that you should not trust much in crypto, you should trust yourself alone.

[shoreno]

the technical analysis that you do or that is done from all the exchange platforms or groups is not too bullshit indeed only all predictions are not 100% accurate, technical analysis is only a little help you to a little know the right position to buy and sell so you have a view which is good when you want to buy and sell coins.

yes . ta for me works like a strategy just like when i play gambling so that i have some kind of a guide to help me with my plays but again just like gambling ta or any other strats dont work 100 accurately like what you said .  its easy to believe on these tools if you have been experience using it before and it help you win but for others that are new to these or never experienced to win their trade using it , they will only said that is bs or fake .

[Omega Weapon]

Well experienced traders may have a slight advantage by using industry software and tools, at the end of the day the space is too competitive for most people, so consider avoiding day trading.

But how experimented traders got that way? There should have been a time in which they had no access to those tools and in which they were newbies, so you cannot explain their success in that way, what they did that most investors do not do is to have a very clear idea about how to trade the markets and if things went wrong then they kept thinking about it until they got it right, and the market is not as competitive as you may think since there are very few professional traders if you compare it to the stock market.

Most of the time, technical analysis is a way tool for whales to manipulate the price, they are giving fake signals for their own benefit, so let's not trust and rely them too, unless your friend of from a family member, always remember that you should not trust much in crypto, you should trust yourself alone.

The whales can manipulate the market and there is no way to deny that but most indicators that you can use in technical analysis are nothing but a reflection of the past and the whales cannot manipulate what had already happened, besides even if you're right and technical analysis is not a tool that can help you tell with a very high precision what the market is going to do the truth is there is no other tool that comes even close to it so we have no other option but to use it.

[the rise]

Yes, indeed technical analysis is useful, but that does not guarantee that you will win 100% as the market is manipulative by someone who can have power to manipulate it such as whales, group of people, so this is something we cannot control that is why experts always recommend 'stop loss' in every coin we are trading at.

TA is part of supporting indicators, fundamentals are often not always 100%, so there is no single congruent factor for volume accumulation. prices will not really move without the manipulation factor. Here TA plays an important role because the candle will always be connected to the line behind it. Discussing about SL, sometimes it is not necessary if it is still close to the resistance and potential for a breakout.

[Apened]

Yes, indeed technical analysis is useful, but that does not guarantee that you will win 100% as the market is manipulative by someone who can have power to manipulate it such as whales, group of people, so this is something we cannot control that is why experts always recommend 'stop loss' in every coin we are trading at.

TA is part of supporting indicators, fundamentals are often not always 100%, so there is no single congruent factor for volume accumulation. prices will not really move without the manipulation factor. Here TA plays an important role because the candle will always be connected to the line behind it. Discussing about SL, sometimes it is not necessary if it is still close to the resistance and potential for a breakout.

TA is not all the things in trading you must have an open mind how youbwill react to the current situation or market because not everytime the market will move the way we want and the way we see where it was going into. We can have a good profit when we know how to use TA combined with other analysis and not just by relying in a single indicator or on its pattern.

[Omega Weapon]

Yes, indeed technical analysis is useful, but that does not guarantee that you will win 100% as the market is manipulative by someone who can have power to manipulate it such as whales, group of people, so this is something we cannot control that is why experts always recommend 'stop loss' in every coin we are trading at.

Despite what many so called experts claim there is no system that can make you profits 100% of the time, for that you will need to analyze all the information available and somehow predict accurately what will happen and its is not possible, this is why technical analysis also gives you tools to lessen your losses, that way you can maximize your profits and minimize your losses and if you can do this in a consistent way then obtaining profits on a period of months or years is possible.

[EdvinZ]

I think when the market is relatively calm, some General patterns from technical analysis can be applied to it. But when there is high volatility or pump of cryptocurrency, then any technical analysis is meaningless, because the market breaks all the patterns in these moments. I mean, technical analysis is a good tool for traders, but it is advisable to use it when it gives positive results.

[gabmen]

Yes, indeed technical analysis is useful, but that does not guarantee that you will win 100% as the market is manipulative by someone who can have power to manipulate it such as whales, group of people, so this is something we cannot control that is why experts always recommend 'stop loss' in every coin we are trading at.

Despite what many so called experts claim there is no system that can make you profits 100% of the time, for that you will need to analyze all the information available and somehow predict accurately what will happen and its is not possible, this is why technical analysis also gives you tools to lessen your losses, that way you can maximize your profits and minimize your losses and if you can do this in a consistent way then obtaining profits on a period of months or years is possible.

That's the key there, minimizing losses. You can make big profits through sheer luck though loss management is a big factor in technical analysis. A lot of people see this as a way to consistently make money out of day and swing trades. For me, being aware and knowing how to analyze the market movement helps more on avoiding bad decisions and having a better timing for your orders.

[NathanJB]

I think when the market is relatively calm, some General patterns from technical analysis can be applied to it. But when there is high volatility or pump of cryptocurrency, then any technical analysis is meaningless, because the market breaks all the patterns in these moments. I mean, technical analysis is a good tool for traders, but it is advisable to use it when it gives positive results.

Most of the time, technical analyses are not hitting the specific price. What are available after a technical analysis is done are price ranges where one could make his buy or sell order. But even with wide price ranges, TAs are not accurate. At most, they will only give traders an idea of where the next price would probably land. That is why a lot of people are doing away with trading because the risks are still high despite a lot of trading tools. And in the end, they are still surprised by Bitcoin's sudden movements.

[kanayaTabitha]

I think when the market is relatively calm, some General patterns from technical analysis can be applied to it. But when there is high volatility or pump of cryptocurrency, then any technical analysis is meaningless, because the market breaks all the patterns in these moments. I mean, technical analysis is a good tool for traders, but it is advisable to use it when it gives positive results.

Most of the time, technical analyses are not hitting the specific price. What are available after a technical analysis is done are price ranges where one could make his buy or sell order. But even with wide price ranges, TAs are not accurate. At most, they will only give traders an idea of where the next price would probably land. That is why a lot of people are doing away with trading because the risks are still high despite a lot of trading tools. And in the end, they are still surprised by Bitcoin's sudden movements.

We should support technical analysis with reading some news too and keep up to date with the coin's update. Sometimes technical analysis won't work too if we do it on a coin which have low volume.
But i think technical analysis still work with coins that has big volume because the movement of the price will be agile and able to predict, even the prediction is not specific at least we can avoid much losses because we know where the chart direction going to move.

[Omega Weapon]

Despite what many so called experts claim there is no system that can make you profits 100% of the time, for that you will need to analyze all the information available and somehow predict accurately what will happen and its is not possible, this is why technical analysis also gives you tools to lessen your losses, that way you can maximize your profits and minimize your losses and if you can do this in a consistent way then obtaining profits on a period of months or years is possible.

That's the key there, minimizing losses. You can make big profits through sheer luck though loss management is a big factor in technical analysis. A lot of people see this as a way to consistently make money out of day and swing trades. For me, being aware and knowing how to analyze the market movement helps more on avoiding bad decisions and having a better timing for your orders.

Unfortunately many traders only care about entry signals  and how much money they can generate which each trade and they leave out the most important aspect of trading which is money management, if you have a solid money management strategy you could make money even if you decided when to enter the market in a no systematic way, but since money management is not attractive as a subject you do not hear about it in most trading lectures or trading books.

[yulionoo]

in my opinion, analysis is not bullshit. I myself do technical analysis when trading. we all know that the notion of analysis is to look at past market actions to get a measure of where the market can go in the future. when we will decide to trade or invest, surely we will wonder whether the decision we have taken has a future, we will certainly look and learn about market charts and news before making a decision. so I don't think technical analysis is nonsense, and needs to be done.

[wajik-tempe]

in my opinion, analysis is not bullshit. I myself do technical analysis when trading. we all know that the notion of analysis is to look at past market actions to get a measure of where the market can go in the future. when we will decide to trade or invest, surely we will wonder whether the decision we have taken has a future, we will certainly look and learn about market charts and news before making a decision. so I don't think technical analysis is nonsense, and needs to be done.

I think technical will greatly works only with short term trade, because sometimes technical analysis won't work well for analysis a monthly or yearly charts because cryptocurrency price is always influenced by news and also by cryptocurrency events that held to hook new investors, so it really a fundamental based. But for daily trading, good technical analysis will works well.

[TheUltraElite]

I think technical will greatly works only with short term trade,

It works in both depending on how you use it. For short term analyzing the older charts will also help and checking the market buy/sell trend.

because sometimes technical analysis won't work well for analysis a monthly or yearly charts because cryptocurrency price is always influenced by news and also by cryptocurrency events that held to hook new investors, so it really a fundamental based.

Thing is that fundamental and technical are both important. You analyze charts and then only go for the indicators for studies. News will make the market move but is that movement really due to the news or some whales pumping or dumping is not relate-able. This makes it difficult to predict the market at times.

But for daily trading, good technical analysis will works well.

Not always will it work though. Its more of a 50-50 chance but generally you can make a prediction based on technical.

[deisik]

But for daily trading, good technical analysis will works well.

Not always will it work though. Its more of a 50-50 chance but generally you can make a prediction based on technical

Being able to make a prediction doesn't necessarily make it right

I'm not completely disqualifying TA as it definitely has some useful and valid techniques (mostly related to trend discovery). But how often is it more like a broken clock being right twice a day when we make a correct prediction using some bizarre and outlandish indicator?

There should be methods (let's call them metamethods as they are not directly related to making trading decisions) which would allow us to tell that a certain TA indicator actually works the way we assume it does (read, possesses a real predictive power other than purely random and coincidental)

[shiwenhe]

It must be technical analysis. Does it depend on luck?

[jamesndungu1]

Artificial Intelligence is slowly replacing manual analysis whereby it is being used for various purposes, which include evaluating thousands of stocks in moments, something that humans aren’t capable of. Through sentiments analysis, AI is also able to predict the direction of stocks and other traders’ moves from social media comments, blogs, and many others. Let us also not forget that AI is making trading much faster. I would not consider technical analysis bullshit, because every trader has his own ways of predicting his beast moves -but with the advancement of technology i thing trader using technical analysis to move to Automated trading or social trading especially if you are a busy follow.

[Amel]

Artificial Intelligence is slowly replacing manual analysis whereby it is being used for various purposes, which include evaluating thousands of stocks in moments, something that humans aren’t capable of. Through sentiments analysis, AI is also able to predict the direction of stocks and other traders’ moves from social media comments, blogs, and many others. Let us also not forget that AI is making trading much faster. I would not consider technical analysis bullshit, because every trader has his own ways of predicting his beast moves -but with the advancement of technology i thing trader using technical analysis to move to Automated trading or social trading especially if you are a busy follow.

Automatic trading using artificial intelligence in my opinion still has shortcomings. Automatic trading is indeed able to calculate quickly technically compared to the human brain, but artificial intelligence is not able to analyze market sentiment (fundamental) because in my opinion in the market, fundamentals have the highest prediction percentage.

[TheUltraElite]

@jamesndungu1

You seem to have been blinded by the capability of AI. Remember that you are only speculating on what AI is being used for and not a developer of AI and machine learning. I cant say but judging from your posts it seems tome that someone may have fed that bullshit to you in order to sell you their bot. Please note that AI can observe technical and make decisions based on that however they are only there to automate the trades and nothing as guarantee profit. So dont get blinded and take everything you see on the internet to be true.

[SirLancelot]

I think technical will greatly works only with short term trade, because sometimes technical analysis won't work well for analysis a monthly or yearly charts because cryptocurrency price is always influenced by news and also by cryptocurrency events that held to hook new investors, so it really a fundamental based. But for daily trading, good technical analysis will works well.

Yes, technical analysis works always, but I think it's hard for the majority of the people. Some say that technical analysis is impossible when it comes to cryptocurrencies but not for stocks.

Well, I have seen a few people that have been able to predict the price of bitcoin in a few months by using technical analysis; they just predicted the month and exactly the price it's going to be. I don't think those guys used magic in doing that, they took out their time and studied everything and became experts in it.
I don't blame the op because most of the predictions you will see these days are just fake, even the telegram groups that claims to give signals are always giving wrong signals and even when you subscribe to their premium they still give you the wrong signals.

[marcous]

There is no harm in learning the analysis of trading like that. besides that, also pay attention to how the analysis follows price movements. analysis experts try to help solve the price puzzle by studying charts and it is proven that not a few of their analyzes have a point. all depends on their respective beliefs I guess. if the price does not match the analysis then there is a lesson that we can take I guess. at least the existence of the analysis expert can bridge and give a warning/consider if we will go trading.

[AakZaki]

Only newborns will say that Technical Analysis is bullshit, if you are included I hope you will learn more about Technical Analysis.  because what I know is that on TA includes indicators and so on it was created by great people so as to make it easy for people who have learned it.  and I myself use TA to trade.  I am not satisfied to study TA anymore and want to continue learning.  try to see the TA that I made in 2018.

https://bitcointalk.org/index.php?topic=2857339.0

[Sadlife]

From a novice perspective who only looks at the fundamentals or whatever they're doing would say its useless/garbage/bullshit but from a traders perspective its the way to know when a big move is coming and set necessary stop losses in case a dump might happened. Most successful traders uses technical analysis some is really good of it and has gained tremendously.

[Aaroenz0r]

Technical analysis is one of the very important knowledge in trading or investing. There are many people who become rich based on trading and on the indicators of technical analysis. I have seen technical analysis as a joke before. because I don't really understand crowd psychology and some of the complex mathematical indicators. but after learning and applying, I made a lot of money. Therefore, in order to become a good investor, you cannot ignore technical analysis. It's simple and fairly straightforward if you really want to learn it.

[TastyChillySauce00]

It must be technical analysis. Does it depend on luck?

Heavily. not that I oppose technical analysis but from my opinion (take this with a grain of salt) luck is the biggest factor in whether you will succeed with your trade or not heck, even luck also the factor of doing every trades and business. Technical analysis is just people trying to make sense of something nonsensical and in this case is the price movement which is quite unpredictable and abstract. I mean, if the market is truly decided by the demand and supply, how a mere line and triangle could tell us the future?

[Asmonist]

The moment you fail upon using a technical analysis I guess that's the time you'll say it bullshit. Actually, its not really the term itself that is freaking you out but its about the process and how you execute it. Technical analysis is vital in every trading and investment because these really needs technical analysis into something that is created by technology. If you do not fully comprehend the processes then most probably it will give you bullshit.

[clickerz]

Technical analysis is one of the very important knowledge in trading or investing. There are many people who become rich based on trading and on the indicators of technical analysis. I have seen technical analysis as a joke before. because I don't really understand crowd psychology and some of the complex mathematical indicators. but after learning and applying, I made a lot of money. Therefore, in order to become a good investor, you cannot ignore technical analysis. It's simple and fairly straightforward if you really want to learn it.

Of course, technical analysis is really important. People pay to learn this knowledge and to obtain skills. Technical analysis is a good guide in aiding and making decisions about whether to buy or sell. With technical analysis validation, you can minimize or losses too. Its a must for traders or for newbies to learn this skill.

[ololajulo]

Technical analysis is one of the very important knowledge in trading or investing. There are many people who become rich based on trading and on the indicators of technical analysis. I have seen technical analysis as a joke before. because I don't really understand crowd psychology and some of the complex mathematical indicators. but after learning and applying, I made a lot of money. Therefore, in order to become a good investor, you cannot ignore technical analysis. It's simple and fairly straightforward if you really want to learn it.

Of course, technical analysis is really important. People pay to learn this knowledge and to obtain skills. Technical analysis is a good guide in aiding and making decisions about whether to buy or sell. With technical analysis validation, you can minimize or losses too. Its a must for traders or for newbies to learn this skill.

Technical analysis is good but there are no reliable prediction base on it. Presently the sentiment in market is not base on analyses alone but news and history. It take a little part of decision making in crypto as traders, have seen response several times from experienced traders. The decision is more about buying to hodl, the buying and selling is not a frequent activity for altcoin and bitcoin bag holder

[youdacapt]

if unable to analyze various price confirmations at various points on TA, traders must spend more time trying to learn accuracy that is near perfect, especially the determination of long-term charts. Actually TA is very convenient to develop and can be used as a main reference point for traders. bullshit is only for ancient traders who do not want to expand their analytical skills and only attach importance to the priority of fast movements.

[bittraffic]

Most of the time its all bullshit, fuds are being on the biggest media where investors are going to panick when they see ion the news China is going this and that. The charts will behave terribly when things like these happen. The whales manipulating the market are going to add up to make you sell the BTC you have been holding for years, Technical analysis may work if the market is completely not manipulated but for the currency crypto market, its all bullshit.

[BitcoinTurk]

Anyone who has no knowledge or experience of technical analysis claims it is a bad method of analysis.  Those who know how to use it correctly know how good a method of analysis is, and often get positive results.  In short, the answer to this question will certainly vary from person to person, but I will be on the side of advocating that technical analysis is a very good method.

[LUCKMCFLY]

The technical analysis is good when you understand what can happen in the market, taking into account the emotions that it causes in people when important movements occur.

When analyzed in this way, there is already a definite direction, or there may be arguments of what may be happening, the technical analysis helps to clarify what is intended to be done or operated, clarifying with the help of the indicators to have a better accuracy.

[wajik-tempe]

Anyone who has no knowledge or experience of technical analysis claims it is a bad method of analysis.  Those who know how to use it correctly know how good a method of analysis is, and often get positive results.  In short, the answer to this question will certainly vary from person to person, but I will be on the side of advocating that technical analysis is a very good method.

Expert on technical analysis will always useful for trading, even crypto price is agile the technical analysis will often work on daytrading for scalping method. So i think it will be a great advantage for people who expert in technical analysis for trading crypto currency

[Vertex_ICO]

Interesting post (great for beginners) detailing 3 premises to understand what technical analysis is and how the crypto market works https://www.publish0x.com/crypto-chart-wizard/technical-analysis-bullshit-or-not-xlzvwm

Thanks for this! Super interesting post - technical analysis is a great strategy, and one that all new traders should know about.

[nreal]

Technical analysis can yield good returns in the short, medium and long term. But in order to achieve a sustainable effect, traders should not skip basic analysis. We need to combine fundamental analysis and technical analysis because technical analysis overcomes the weakness of fundamental analysis that does not reflect the psychology of traders.

[Gheka]

The moment you fail upon using a technical analysis I guess that's the time you'll say it bullshit. Actually, its not really the term itself that is freaking you out but its about the process and how you execute it. Technical analysis is vital in every trading and investment because these really needs technical analysis into something that is created by technology. If you do not fully comprehend the processes then most probably it will give you bullshit.

Indeed, if we do not understand in-depth technical analysis, the failure then perceived technical analysis as bullshit would be left over in thought and besides this reason, many people can understand technical analysis very well but the failure still gives them a bad impression of technical analysis because they overused it and pushed all beliefs then blamed it when they faced failure. A common knowledge that we need to identify is that technical analysis is only a shortening of the probabilities for different situations

[Claudiu.Pana]

Technical analysis as any other analysis is primarily based on numbers, time and volatility (in case of currencies charts).

I have worked with veteran traders that use only TA for trading - nothing else - no indicators, no orderbook no nothing.

As you browse the TimeFrames in a crypto market you'll notice the 'noise'. People tend to get rekt because of the volatility, as well taking into account that they didn't have a good Money Managament. As you increase your TF you can trade better, safer than lower TFs.

I find working with TA only very useful, especially in the crypto market, where news sometime can be manipulated, false or having different purposes.

Studying the patterns, price action, support/resistance levels, trend lines and accumulating zones can be a good start for a beginner.

And remember, most people loose money because they follow others, they're copy-trading. Which eventually are 'hunted' by the big whales. Don't expect big ROI, that comes after you start mastering the trading which is not only about TA. It's about Money/Risk Management and discipline as well.

So my opinion TA is not bullshit - it's actually the almost perfect capture of the sentiment of people trading that asset.

Good luck!

[X-ray]

Anyone who has no knowledge or experience of technical analysis claims it is a bad method of analysis.  Those who know how to use it correctly know how good a method of analysis is, and often get positive results.  In short, the answer to this question will certainly vary from person to person, but I will be on the side of advocating that technical analysis is a very good method.

people are using different approach of analyzation and one could be completely wrong while the other one could take the advantage of their good analyzation its all depend on the person themselves just as you said. there are also some people that just do bad analyzation and publish it to the masses resulting people being misled. But what really baffles me is when people try to give their valid analyzation based of some kind guides in trading and ended up failing to predict the price. isn't that the most obvious proof that these analyzation could also be wrong despite following all the guides from the analyzation? i've seen many people that claim themselves as trading expert just made that mistake.

[john_nautica]

There is no technical analysis that bullshit, I think how we try to understand technical analysis. because if the technical analysis is not good and not successful, many technical analyzes are ready to help us succeed. so please use technical analysis and do it until it works

[BartS]

Only newborns will say that Technical Analysis is bullshit, if you are included I hope you will learn more about Technical Analysis.  because what I know is that on TA includes indicators and so on it was created by great people so as to make it easy for people who have learned it.  and I myself use TA to trade.  I am not satisfied to study TA anymore and want to continue learning.  try to see the TA that I made in 2018.

https://bitcointalk.org/index.php?topic=2857339.0

It is obvious that there are going to be many people that are going to say that technical analysis does not work, this is similar to all of those people that complain about a particular diet that they followed and which did not gave to them the results that they were expecting, if you do it right then you are going to obtain results.

But many people never take the time to learn enough about technical analysis and how to put together a coherent strategy, so it is obvious they are never going to succeed using technical analysis.

[zeze18]

Only newborns will say that Technical Analysis is bullshit, if you are included I hope you will learn more about Technical Analysis.  because what I know is that on TA includes indicators and so on it was created by great people so as to make it easy for people who have learned it.  and I myself use TA to trade.  I am not satisfied to study TA anymore and want to continue learning.  try to see the TA that I made in 2018.

https://bitcointalk.org/index.php?topic=2857339.0

Yeah technical analysis is a must for scalping trade. We have to determined the price we in and the price we out if we want to survive on daily trade. If we don't do technical analysis we will trapped by FOMO and will likely always to cutloss in every trade

[TastyChillySauce00]

Only newborns will say that Technical Analysis is bullshit, if you are included I hope you will learn more about Technical Analysis.  because what I know is that on TA includes indicators and so on it was created by great people so as to make it easy for people who have learned it.  and I myself use TA to trade.  I am not satisfied to study TA anymore and want to continue learning.  try to see the TA that I made in 2018.

https://bitcointalk.org/index.php?topic=2857339.0

It is obvious that there are going to be many people that are going to say that technical analysis does not work, this is similar to all of those people that complain about a particular diet that they followed and which did not gave to them the results that they were expecting, if you do it right then you are going to obtain results.

But many people never take the time to learn enough about technical analysis and how to put together a coherent strategy, so it is obvious they are never going to succeed using technical analysis.

The actual problem there are so many people out there claiming to be an expert analyst or trading expert giving away their "technical analyzation" regarding the market and what decision should be taken and turns out to be a big fat bullshit afterward. Those people are the reason people call that TA is kinda bullshit meanwhile there are indeed some legit TA out there or can even be done by ourselves if done right but that given fact that I mentioned kinda ruin the whole reputation of this Technical Analysis. Can't really blame both sides if the one that causes the problem aren't them.

[AniviaBtc]

You will never know if technical analysis is bullshiy or not unless you used it and gained profits from it. To those who dont believe in it, they may have another way to analyse whats happening to the coin.

Or they just really don’t know what’s Technical Analysis all about. Its easy to say shit to those things that we don’t understand but the moment when you start learning, they make you realize that you’re wrong. TA is great to all traders, its the best tool for them but of course its not perfect which is normal on a volatile market.

Technical analysis is always the advantage for you in the market. It is never a disadvantage whenever you apply it in your bitcoin price observation. Technical Analysis helps each and every trader around the globe and some of them is successful now because of it.

Know first before making a negative statement about something. Don't just make a conclusion about the things that you don't understand.

[Apened]

You will never know if technical analysis is bullshiy or not unless you used it and gained profits from it. To those who dont believe in it, they may have another way to analyse whats happening to the coin.

Or they just really don’t know what’s Technical Analysis all about. Its easy to say shit to those things that we don’t understand but the moment when you start learning, they make you realize that you’re wrong. TA is great to all traders, its the best tool for them but of course its not perfect which is normal on a volatile market.

Technical analysis is always the advantage for you in the market. It is never a disadvantage whenever you apply it in your bitcoin price observation. Technical Analysis helps each and every trader around the globe and some of them is successful now because of it.

Know first before making a negative statement about something. Don't just make a conclusion about the things that you don't understand.

Exactly, maybe in some other it doesn't work or it is just nothing but for us who understand how technical analysis works and helps every trader to have a successful trade thats the main thing and reason why they keep on making profits and becoming a pro trader. Every successful trader i think knows and applies technical analysis.

[deisik]

The actual problem there are so many people out there claiming to be an expert analyst or trading expert giving away their "technical analyzation" regarding the market and what decision should be taken and turns out to be a big fat bullshit afterward. Those people are the reason people call that TA is kinda bullshit meanwhile there are indeed some legit TA out there or can even be done by ourselves if done right but that given fact that I mentioned kinda ruin the whole reputation of this Technical Analysis. Can't really blame both sides if the one that causes the problem aren't them

But does it really matter?

Well, it does indeed, though not necessarily in the way you describe it in your post. What I mean is that it all ultimately comes down to whether it (in this case TA) helps you earn dough or not. This is what counts in the end, at least as far as profits are concerned (forum discussions, debates, and fights aside)

My point is, if people say that something like TA doesn't work while it does (for you personally, or in general), why would you give a slightest fuck about their opinion to the contrary? In fact, you should be happy when they say such things as there will be less competition for you, right?

[skiorf]

maybe in some other it doesn't work or it is just nothing but for us who understand how technical analysis works and helps every trader to have a successful trade thats the main thing and reason why they keep on making profits and becoming a pro trader. Every successful trader i think knows and applies technical analysis.

obviously the pro traders use technical analysis as a tool and to determine their targets, and also as a guide for when to buy and sell the right one. because pro traders don't want to trade like gambling just guessing.

[Spaffin]

maybe in some other it doesn't work or it is just nothing but for us who understand how technical analysis works and helps every trader to have a successful trade thats the main thing and reason why they keep on making profits and becoming a pro trader. Every successful trader i think knows and applies technical analysis.

obviously the pro traders use technical analysis as a tool and to determine their targets, and also as a guide for when to buy and sell the right one. because pro traders don't want to trade like gambling just guessing.

It seems to me that the question of the need for technical analysis for a trader can be speculated as much as you like, but I think that every professional trader will agree precisely with the fact that a good cryptocurrency trading result is directly related to technical analysis.  Moreover, it is better to conduct a study of the cryptocurrency market itself, and not to use various signals, which can be fraudulent manipulations.  Based on this, I have always been categorical that technical analysis is an important point for each trader, but for this you need to have some experience and knowledge in order to get the corresponding results.

[Webetcoins]

You will never know if technical analysis is bullshiy or not unless you used it and gained profits from it. To those who dont believe in it, they may have another way to analyse whats happening to the coin.

Or they just really don’t know what’s Technical Analysis all about. Its easy to say shit to those things that we don’t understand but the moment when you start learning, they make you realize that you’re wrong. TA is great to all traders, its the best tool for them but of course its not perfect which is normal on a volatile market.

Technical analysis is always the advantage for you in the market. It is never a disadvantage whenever you apply it in your bitcoin price observation. Technical Analysis helps each and every trader around the globe and some of them is successful now because of it.

Know first before making a negative statement about something. Don't just make a conclusion about the things that you don't understand.

Exactly, maybe in some other it doesn't work or it is just nothing but for us who understand how technical analysis works and helps every trader to have a successful trade thats the main thing and reason why they keep on making profits and becoming a pro trader. Every successful trader i think knows and applies technical analysis.

How can a trader give a best shot without technical analysis? If you do not have any observation, it is not possible to survive in the trading world for long. For being a good trader, a deep understanding of asset, the market and this profession is required and understanding develops with analyzing and observing whatever happens around. Once this skill is acquired, trader can make good profits with certainty.

[nydiacaskey01]

obviously the pro traders use technical analysis as a tool and to determine their targets, and also as a guide for when to buy and sell the right one. because pro traders don't want to trade like gambling just guessing.

Even gamblers nowadays are not just guessing what color or what number will show up, they also use probability, they count what card already showed up, how many times the number showed up or what color showed up already. Its the same with trading, you cant just rely on wild guess unless your plan is to lose money in 60 seconds.

[TitanGEL]

obviously the pro traders use technical analysis as a tool and to determine their targets, and also as a guide for when to buy and sell the right one. because pro traders don't want to trade like gambling just guessing.

Even gamblers nowadays are not just guessing what color or what number will show up, they also use probability, they count what card already showed up, how many times the number showed up or what color showed up already. Its the same with trading, you cant just rely on wild guess unless your plan is to lose money in 60 seconds.

Trading is not totally guesing that's why we need to use technical analysis. It is a game of probability where you will use technical analysis to forecast the price. Technical analysis is very useful and all of the traders should now about it and how to use it. More people are relying in fundamentals than in technicals and that is the worst part because people depends on news than price actions.

[gabmen]

obviously the pro traders use technical analysis as a tool and to determine their targets, and also as a guide for when to buy and sell the right one. because pro traders don't want to trade like gambling just guessing.

Even gamblers nowadays are not just guessing what color or what number will show up, they also use probability, they count what card already showed up, how many times the number showed up or what color showed up already. Its the same with trading, you cant just rely on wild guess unless your plan is to lose money in 60 seconds.

Trading is not totally guesing that's why we need to use technical analysis. It is a game of probability where you will use technical analysis to forecast the price. Technical analysis is very useful and all of the traders should now about it and how to use it. More people are relying in fundamentals than in technicals and that is the worst part because people depends on news than price actions.

Can't blame them. Price actions most of the time rely on what's happening outside the trading arena. I guess it depends on what kind of trader you are. Some traders are pretty efficient in reading TAs without even trying. Some are good with reacting to current events and forecasts. So i wouldn't really call bullshit on TAs. Works for certain kind of people.

[LUCKMCFLY]

obviously the pro traders use technical analysis as a tool and to determine their targets, and also as a guide for when to buy and sell the right one. because pro traders don't want to trade like gambling just guessing.

Even gamblers nowadays are not just guessing what color or what number will show up, they also use probability, they count what card already showed up, how many times the number showed up or what color showed up already. Its the same with trading, you cant just rely on wild guess unless your plan is to lose money in 60 seconds.

Trading is not totally guesing that's why we need to use technical analysis. It is a game of probability where you will use technical analysis to forecast the price. Technical analysis is very useful and all of the traders should now about it and how to use it. More people are relying in fundamentals than in technicals and that is the worst part because people depends on news than price actions.

Can't blame them. Price actions most of the time rely on what's happening outside the trading arena. I guess it depends on what kind of trader you are. Some traders are pretty efficient in reading TAs without even trying. Some are good with reacting to current events and forecasts. So i wouldn't really call bullshit on TAs. Works for certain kind of people.

According to my experience in Trading, which is not much, I use the technical analysis once I have my market analysis taking into account possible emotions, in looking for the way in which the whales think, possible movements originated by some relevant news, and when I turn to use certain tools the experience is totally good because the mathematical tools give you detail especially in fractals of 4h or less, I really see a lot of effectiveness there, of course, I am not an expert in scalping, but once you have An analysis based on the points that I affirmed, the TA is to indicate the accuracy of market entries.

[suzanne5223]

obviously the pro traders use technical analysis as a tool and to determine their targets, and also as a guide for when to buy and sell the right one. because pro traders don't want to trade like gambling just guessing.

Even gamblers nowadays are not just guessing what color or what number will show up, they also use probability, they count what card already showed up, how many times the number showed up or what color showed up already. Its the same with trading, you cant just rely on wild guess unless your plan is to lose money in 60 seconds.

Trading is not totally guesing that's why we need to use technical analysis. It is a game of probability where you will use technical analysis to forecast the price. Technical analysis is very useful and all of the traders should now about it and how to use it. More people are relying in fundamentals than in technicals and that is the worst part because people depends on news than price actions.

Can't blame them. Price actions most of the time rely on what's happening outside the trading arena. I guess it depends on what kind of trader you are. Some traders are pretty efficient in reading TAs without even trying. Some are good with reacting to current events and forecasts. So i wouldn't really call bullshit on TAs. Works for certain kind of people.

According to my experience in Trading, which is not much, I use the technical analysis once I have my market analysis taking into account possible emotions, in looking for the way in which the whales think, possible movements originated by some relevant news, and when I turn to use certain tools the experience is totally good because the mathematical tools give you detail especially in fractals of 4h or less, I really see a lot of effectiveness there, of course, I am not an expert in scalping, but once you have An analysis based on the points that I affirmed, the TA is to indicate the accuracy of market entries.

You make a good point mate and I believe you're a good trader because you figure out what some crypto traders overlook but I would also like to point out that TA is not bullshit.
Crypto market is base on volatility and for a crypto trader to flourish she must also think like the whales cause the whales and the arbitrage trader are the major player of crypto market.

[mersal]

obviously the pro traders use technical analysis as a tool and to determine their targets, and also as a guide for when to buy and sell the right one. because pro traders don't want to trade like gambling just guessing.

Even gamblers nowadays are not just guessing what color or what number will show up, they also use probability, they count what card already showed up, how many times the number showed up or what color showed up already. Its the same with trading, you cant just rely on wild guess unless your plan is to lose money in 60 seconds.

Is TA proven to make profits?

Not exactly,TA is more important for a short and mid term crypto trader if they are doing it more often because we need to get an idea then only we can make a decision about making trades.

[Distinctin]

obviously the pro traders use technical analysis as a tool and to determine their targets, and also as a guide for when to buy and sell the right one. because pro traders don't want to trade like gambling just guessing.

Even gamblers nowadays are not just guessing what color or what number will show up, they also use probability, they count what card already showed up, how many times the number showed up or what color showed up already. Its the same with trading, you cant just rely on wild guess unless your plan is to lose money in 60 seconds.

Is TA proven to make profits?

Not exactly,TA is more important for a short and mid term crypto trader if they are doing it more often because we need to get an idea then only we can make a decision about making trades.

May it won't but it helps traders to understand the market and help them also to decide. TA's place some role in trading but it actually never been appreciated much cause of the volatility we have and that most TA's are too far from the reality. We could think that some TA's is also nonsense but because we aren't good at it and never understand how it actually works.

[cryptothreads]

You will never know if technical analysis is bullshiy or not unless you used it and gained profits from it. To those who dont believe in it, they may have another way to analyse whats happening to the coin.

Or they just really don’t know what’s Technical Analysis all about. Its easy to say shit to those things that we don’t understand but the moment when you start learning, they make you realize that you’re wrong. TA is great to all traders, its the best tool for them but of course its not perfect which is normal on a volatile market.

Technical analysis is always the advantage for you in the market. It is never a disadvantage whenever you apply it in your bitcoin price observation. Technical Analysis helps each and every trader around the globe and some of them is successful now because of it.

Know first before making a negative statement about something. Don't just make a conclusion about the things that you don't understand.

I think technical analysis is essential in trading because if you cannot predict the value of Bitcoin then it will be very difficult for you to survive in this market. Currently, this coin is always very volatile and you need to analyze clearly before making a decision. I usually do this every day and minimize the risks in trading. However, sometimes I also make some mistakes in analysis and it is inevitable.

Anyway, I know how to analyze this market and not have to worry too much about buying or investing in the short term.

[suzanne5223]

You will never know if technical analysis is bullshiy or not unless you used it and gained profits from it. To those who dont believe in it, they may have another way to analyse whats happening to the coin.

Or they just really don’t know what’s Technical Analysis all about. Its easy to say shit to those things that we don’t understand but the moment when you start learning, they make you realize that you’re wrong. TA is great to all traders, its the best tool for them but of course its not perfect which is normal on a volatile market.

Technical analysis is always the advantage for you in the market. It is never a disadvantage whenever you apply it in your bitcoin price observation. Technical Analysis helps each and every trader around the globe and some of them is successful now because of it.

Know first before making a negative statement about something. Don't just make a conclusion about the things that you don't understand.

I think technical analysis is essential in trading because if you cannot predict the value of Bitcoin then it will be very difficult for you to survive in this market. Currently, this coin is always very volatile and you need to analyze clearly before making a decision. I usually do this every day and minimize the risks in trading. However, sometimes I also make some mistakes in analysis and it is inevitable.

Anyway, I know how to analyze this market and not have to worry too much about buying or investing in the short term.

You're wrong buddy because right information is the ease way to thrive in every business setting and i have seen a lot of crypto traders who make ridiculous profit in few hours just because he had the right information at the right time about the whales plans. Don't get me wrong TA is good but every thing have there own benefit.

[cryptoloverlife]

In trading, we need technical analysis because without technical analysis, it is impossible for us, every trader will research a lot through charts based on the technical analysis. Even though they see downtrend, but definitely it will surely recover when the market starts recovering.

[Slow death]

definitely the technical analysis is very useful. In crypto market we have to use all available options. people can use technical analysis (create one's own strategy), one can use fundamental analysis (also one can create one's own strategy), people must use all options. Of course I usually disagree with these forecasts of $100,000 or $500,000 for next year, because I question the method they used to come to the conclusion that price will reach $100,000 or $500,000 next year.

[Exidous]

In trading, we need technical analysis because without technical analysis, it is impossible for us, every trader will research a lot through charts based on the technical analysis. Even though they see downtrend, but definitely it will surely recover when the market starts recovering.

Technical analysis is really necessary and very important in making a profit because without the knowledge, it will be very difficult for you to profit from this market. I always learn a lot on the internet or youtube because these are places that help me a lot and have a lot of interesting sharing. Of course, from that knowledge, I have made a lot of profits and kept calm when the market turned red.

[BartS]

It is obvious that there are going to be many people that are going to say that technical analysis does not work, this is similar to all of those people that complain about a particular diet that they followed and which did not gave to them the results that they were expecting, if you do it right then you are going to obtain results.

But many people never take the time to learn enough about technical analysis and how to put together a coherent strategy, so it is obvious they are never going to succeed using technical analysis.

The actual problem there are so many people out there claiming to be an expert analyst or trading expert giving away their "technical analyzation" regarding the market and what decision should be taken and turns out to be a big fat bullshit afterward. Those people are the reason people call that TA is kinda bullshit meanwhile there are indeed some legit TA out there or can even be done by ourselves if done right but that given fact that I mentioned kinda ruin the whole reputation of this Technical Analysis. Can't really blame both sides if the one that causes the problem aren't them.

There are several traders that have some knowledge about how technical analysis works but they are unable to get profits from the markets, so it is clear that whatever technical analysis that they come up with has to be mistaken.

So the first question that comes to my mind when I see the technical analysis made by a trader is, how many profits this trader has generated with his methodology? If I cannot find anything substantial about it I just ignore his advice.

[bitbunnny]

If you know how to use and interprete data technical analysis could be very useful. Many traders use it as guidlines and to better understand the market. However, when making decisions you can't rely only on technical analisys and it will not do the work instead of you. So, like everything else it's just a tool that might be helpful but can't replace your own skills.