Is Technical Analysis Bullshit or Not?

[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.

[1713456791]

1713456791

[1713456791]

1713456791

[1713456791]

1713456791

[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.