Is Technical Analysis Bullshit or Not?

[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.