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Author Topic: Is Technical Analysis Bullshit or Not?  (Read 415 times)
joshy23
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August 11, 2019, 04:10:30 PM
 #41

I think technical analysis is still feasible to use. but don't depend on it too much. we must have several strategies to anticipate price movements. analysis is predictive, so not everything is correct. but if our analysis is wrong, we must know what to do


You can still use it for reference but to rely completely is no longer advisable as there's a lots of different factors who make the market moves, you need to set up a good backup plans incase things that you anticipate didn't workout, make sure to have several strategy that can adjust to whatever market directions will proceed.



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August 12, 2019, 12:28:15 PM
 #42

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.

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August 13, 2019, 03:03:48 AM
 #43

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.

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August 13, 2019, 05:15:35 AM
 #44

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.




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August 13, 2019, 10:56:40 AM
 #45

spending time with charts is very important you should track charts daily its not that we draw some lines and make profit it will not work in that way we have to know trends and what is structure , volatility and order flow and many more things 

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August 13, 2019, 11:57:19 AM
 #46

No, if it is Bullshit, so What will we use to trade?  Roll Eyes
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August 13, 2019, 01:50:06 PM
 #47

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.

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August 13, 2019, 02:39:48 PM
 #48

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.

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August 13, 2019, 03:00:50 PM
 #49

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.

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August 13, 2019, 03:40:01 PM
 #50

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!

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August 13, 2019, 04:27:30 PM
 #51

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.

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August 13, 2019, 05:07:14 PM
 #52

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.

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August 13, 2019, 05:28:11 PM
 #53


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.

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August 13, 2019, 06:32:41 PM
 #54

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.
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August 13, 2019, 08:06:50 PM
 #55

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.

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August 14, 2019, 12:08:26 AM
 #56

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.

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August 14, 2019, 11:30:57 AM
 #57

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.

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August 14, 2019, 05:18:13 PM
 #58

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.



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August 14, 2019, 07:52:30 PM
 #59

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.



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August 15, 2019, 06:54:00 AM
 #60

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.


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████ ▄▄▄▄▄ ▄▄▄▄▄▄ ▄▄▄▄▄ ████     ▄██▀
████ █████ ██████ █████ ████    ▄██▀
████ █████ ██████ █████ ████    ██▀
████ █████ ██████ █████ ████    ██
████ ▀▀▀▀▀ ▀▀▀▀▀▀ ▀▀▀▀▀ ████ ▄██████▄
████████████████████████████ ████████
███████▀            ▀███████ ▀██████▀
█████▀                ▀█████
▀██████████████████████████▀
  ▀▀████████████████████▀▀ 
✔️DICE           
✔️BLACKJACK
✔️PLINKO
✔️VIDEO POKER
✔️ROULETTE     
✔️LOTTO
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