Is Technical Analysis Bullshit or Not?

[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.

[1714846066]

1714846066

[1714846066]

1714846066

[1714846066]

1714846066

[1714846066]

1714846066

[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.