Do you believe Technical Analysis?

[Mahanton]

Everyone knows that we can learn from the past to correct mistakes.
As a result, many economists attempt to predict the future through history.

We also have a known fact from the past.
The "Bitcoin halving" is correlated with price increases.

I'd like to pose a new question here.
What are your thoughts on using past charts(candlesticks) that similar current ongoing charts(candlesticks) to make price predictions?

When asked this question to many professors and investors, a common response is, "Candlesticks reflect the psychology of investors."

What are your thoughts on this matter?

We can learn not only from wrong decisions or strategies to correct them but also from the right decisions or right strategies that we have made, of course. That means, good or bad, we have the same lesson to learn from these two.

Now, in terms of technical analysis, many people make mistakes here even after they have gone through this lesson. It is because they do not fully understand what they are studying, or they may just have a hard time getting what they are studying to convey because it is different talk when the basis is actual compared to theory.

Experience would be the best teacher indeed on which you could really be able to learn up things on both sides on which you could really be able to gain up those knowledge overtime or on the moment that you had
experienced it for yourself on which it is really just that normal that you would really be making out adjustments basing up on what you had been able to encounter. In regarding about the question whether you do believe on technical analysis then you would really be of course be finding for yourself on how relevant it would be in speaking about predicting on where prices could potentially go. There's no way that we could really be able to
tell on where prices could eventually go despite of using on different analysis which its a combination of TA+FA but it is really that still something better rather than making yourself that
making decisions without any basis.

Hovering yourself on a market without having any weapon or tools then it is really just that making yourself that look like a gambler. Diving into things
which it doesnt really give out that kind of assurance just because you have not done something relevant or something that would really be useful.

[bayu7adi]

Not anymore. I'm more focused on fundamentals now, and technical analysis is just for entertainment without influencing my decisions. Long-term suits me better at the moment, as I prefer not to be too active in front of candlesticks. The longer time frame isn't an issue for me as it's heavily influenced by fundamental aspects.

I still come across some technical analysis results on social media, but I don't pay much attention to it and see it more as entertainment.

A day trader will always keep an eye on candlesticks, and technical analysis is their daily bread. Use it if it's still profitable. There's nothing wrong with technical analysis; it's just a matter of whether or not you use it as a consideration for your investments or trades.

Technical analysis is both good on long term and short term trade since you can use the time frame to adjust the goal of your analysis. Longer time frame means you are aiming for long term price result and vice versa.

It doesn't guarantee anything, as surprises can come anytime.

[Dickiy]

Well, like i believe ive said in one of my comments on another board, Bitcoin and cryptocurrency prices in general, are not predictable, or easy to predict, but then, i personally still believe in technical analysis, even though they do not act as a guarantee to correctly predicting the price of a crypto coin, be it a bitcoin or altcoin, the use of it still gives those who know how to effectively and efficiently use it an edge, or a chance at arriving at something that could be close to the price of the coin at the period being research on.

So yeah, even though like i said before, that technical analysis is not a guarantee, as a trader, it's very important to know how to use it, than not knowing it at all, knowing and using technical analysis makes trading way easier, makes it feel more serious and professional, trading without technical analysis, or other vices like news, makes trading feel very boring and more like a gambling.

Yes it is true, that in general the nature of the market is always not fully predictable, it is a basic fact that is true and in general. Therefore, there are several help factors that we can use to increase our profit opportunities, such as this discussion, namely by utilizing technical analysis or fundamentals. None other than because only this can help us to be able to achieve the target that has been determined even though basically it will not be able to be fully useful to be able to predict with 100% accuracy, but with it it will at least give us a little information about where the price will move next, and for other things we need to prepare risk management to minimize the chances of losses that can occur.

I think for anyone who doesn't know or doesn't learn about some of the things that can help them like technical analysis then it looks like they come in a hurry to be able to get big profits, or I mean it's a stupid thing they do if they come without bringing any fishing gear to be able to help get the profits like they always wanted. Because obviously if you do not know the basic things that a trader must have before engaging in trading then it is not the profit you will get but just the opposite, losses will dominate.

[poodle63]

Not anymore. I'm more focused on fundamentals now, and technical analysis is just for entertainment without influencing my decisions. Long-term suits me better at the moment, as I prefer not to be too active in front of candlesticks. The longer time frame isn't an issue for me as it's heavily influenced by fundamental aspects.

I still come across some technical analysis results on social media, but I don't pay much attention to it and see it more as entertainment.

A day trader will always keep an eye on candlesticks, and technical analysis is their daily bread. Use it if it's still profitable. There's nothing wrong with technical analysis; it's just a matter of whether or not you use it as a consideration for your investments or trades.

Technical analysis is both good on long term and short term trade since you can use the time frame to adjust the goal of your analysis. Longer time frame means you are aiming for long term price result and vice versa.

It doesn't guarantee anything, as surprises can come anytime.

this is fitting answer, whether technical analysis still relevant it depends on the type of trading that we're doing, if its long term, fundamental is more relevant, but if its short term, there's no way to determine whats gonna be turning out in the future without technical analysis, maybe with news we can have some premonition but technical analysis is required just to be sure.
after all, we can't just go around throwing our money at the most random time and at random altcoin hoping that some of them would turn out to be good but we know the rate of success for such a thing is really low like 1 out of 10 throwing money into random altcoin it become success the rest 9 would just vanish into thin air.
thats why its sometime not because we faithfully believe in the accuracy of technical analysis when short term trading but more of there's really no other way to determine other than using TA.

[diminizio]

I believe. but I'm sure it also won't be 100% accurate under any circumstances. this is why people say this trading is a risky trade. Even technical analysis experts cannot guarantee that their predictions are 100% accurate. but if we really believe there's no harm in trying. The choice is in your hands.

[vanesha]

in some of my trades this is quite accurate. It's just that even though we use technical analysis, we also have to believe in that analysis. for example, if we use a 4 hour time frame, at least it is for trading within a day and cannot be used for fast trading. If the turn is 1%, we immediately stop loss, maybe this is why we don't believe in technicals.
​

[kojektea]

I believe, if not with technical analysis, how else can we determine the direction to buy or sell. at least it helps compared to having to just guess. As far as usage goes, I get premium signals with technical analysis, they are quite accurate, although not 100%, but for me that is enough proof that this is quite accurate and profitable.

[barisbilgili]

I believe, if not with technical analysis, how else can we determine the direction to buy or sell. at least it helps compared to having to just guess. As far as usage goes, I get premium signals with technical analysis, they are quite accurate, although not 100%, but for me that is enough proof that this is quite accurate and profitable.

You are right, without technical analysis of course we would have made the decision to buy or sell only based on the feelings we have and it would be very unlikely that we would be able to get the profits that we would get, if by using technical analysis we would not be able to get our profits. It is still possible to improve the analysis that we use to be able to gain from the trading that we do.

[Fatunad]

Not anymore. I'm more focused on fundamentals now, and technical analysis is just for entertainment without influencing my decisions. Long-term suits me better at the moment, as I prefer not to be too active in front of candlesticks. The longer time frame isn't an issue for me as it's heavily influenced by fundamental aspects.

I still come across some technical analysis results on social media, but I don't pay much attention to it and see it more as entertainment.

A day trader will always keep an eye on candlesticks, and technical analysis is their daily bread. Use it if it's still profitable. There's nothing wrong with technical analysis; it's just a matter of whether or not you use it as a consideration for your investments or trades.

Technical analysis is both good on long term and short term trade since you can use the time frame to adjust the goal of your analysis. Longer time frame means you are aiming for long term price result and vice versa.

It doesn't guarantee anything, as surprises can come anytime.

this is fitting answer, whether technical analysis still relevant it depends on the type of trading that we're doing, if its long term, fundamental is more relevant, but if its short term, there's no way to determine whats gonna be turning out in the future without technical analysis, maybe with news we can have some premonition but technical analysis is required just to be sure.
after all, we can't just go around throwing our money at the most random time and at random altcoin hoping that some of them would turn out to be good but we know the rate of success for such a thing is really low like 1 out of 10 throwing money into random altcoin it become success the rest 9 would just vanish into thin air.
thats why its sometime not because we faithfully believe in the accuracy of technical analysis when short term trading but more of there's really no other way to determine other than using TA.

TA isnt relevant on short trading? I dont think so or rather the opposite. Doesnt matter whether you are going for long term or short term on which these indicators would really be that remaining to be that relevant.
You could really be able to at least picture out on where prices could eventually go.Somewhat you do got some points on telling that in short term then you should really be that too mindful about into those
indicators been showing.Some could be able to have a good grasps or understanding about it and some arent really that able to handle it out. It would really be that depending or basing up into your own
approach on how we would really be dealing up with this unpredictable market. We cant really just that make ourselves that effective most of the time.

You would really be seeing the importance of TA once you do step your foot into this market. It is a primary tool or indicator on which you would be using on reading up some charts.
Its not really that enough for you to just simply stare those candle sticks without having that proper assessment on how to draw those lines. Naked trading? if you are experienced
then its a yes but if you are complete newbie then you are just simply doing gambling.

[Yamifoud]

I believe, if not with technical analysis, how else can we determine the direction to buy or sell. at least it helps compared to having to just guess. As far as usage goes, I get premium signals with technical analysis, they are quite accurate, although not 100%, but for me that is enough proof that this is quite accurate and profitable.

You are right, without technical analysis of course we would have made the decision to buy or sell only based on the feelings we have and it would be very unlikely that we would be able to get the profits that we would get, if by using technical analysis we would not be able to get our profits. It is still possible to improve the analysis that we use to be able to gain from the trading that we do.

And it is also because trading is not just guessing what to do next, there should be some basis for our decisions otherwise, we make our trade into a 50/50 result. That is why it was been encouraged for traders not just to live confident of knowing the basics but also to enhance their level of trading knowledge and skill just to meet the satisfying way of trading and make positive results.
Perhaps, there are a lot of trading tools that we need to know, we have to learn them, especially TA.

[o48o]

Not anymore. I'm more focused on fundamentals now, and technical analysis is just for entertainment without influencing my decisions. Long-term suits me better at the moment, as I prefer not to be too active in front of candlesticks. The longer time frame isn't an issue for me as it's heavily influenced by fundamental aspects.
-cut-

Sadly fundamentals in crypto are way too complex for most people to grasp, so anything can get hype behind them for reasons like speed. No matter how centralized the coins or tokens are.

Technical analysis is both good on long term and short term trade since you can use the time frame to adjust the goal of your analysis. Longer time frame means you are aiming for long term price result and vice versa.

It doesn't guarantee anything, as surprises can come anytime.

It's based on probability so by definition it's not a guarantee. One can argue if probability follows artificial things like market data in any way, and i think that's a way more solid argument against techical analysis.

[gabbie2010]

I believe, if not with technical analysis, how else can we determine the direction to buy or sell. at least it helps compared to having to just guess. As far as usage goes, I get premium signals with technical analysis, they are quite accurate, although not 100%, but for me that is enough proof that this is quite accurate and profitable.

You are right, without technical analysis of course we would have made the decision to buy or sell only based on the feelings we have and it would be very unlikely that we would be able to get the profits that we would get, if by using technical analysis we would not be able to get our profits. It is still possible to improve the analysis that we use to be able to gain from the trading that we do.

Technical Analysis predict the next possible direction of the price we can't trade successful without TA candlestick patterns itself reveal alot about end of a trend, continuation of price and beginning of a trend, once a trader grasp the whole idea of technical analysis it becomes easier to take a trading decision at the appropriate time, though Fundamentals do move the price hence when a positive or negative fundamental news is released, price tend to either change direction of the present trend or reverse completely, however the candlestick patterns unveil itself in tune with the present or lastest condition of the market which indicates a trading setup.

[AnisahSiti]

Technical Analysis predict the next possible direction of the price...

This is very precise, with TA we can find out the level of possibility that the market will move. In TA we can also validate support resistance which can show the direction of the next trend that will be created. This is one of the uses of TA which may not be one hundred percent accurate, because price movements are also influenced by fundamentals. For example, if there is news regarding the world economy, prices will also tend to be volatile and able to change direction according to fundamental sentiment.

[YOSHIE]

What are your thoughts on this matter?

As far as I know, for those who trade or are active in short-term trading, of course they often use technical analysis methods, The aim is none other than just to observe the volume of crypto transactions in the market, observe crypto prices or observe crypto data in the market.

In general, technical analysis is often used to measure crypto prices, based on charts or they often use several indicators. For me, technical analysis is often used in the short term, but if you trade crypto in the long term technical analysis is not good to use.

[dansus021]

Fundamental and techinal is same in my opinion not 100% accurate but atleast give you a sign where the price is going to go.

Why some techinal is work and some dont in my opinion because the way technical analysis work it because a lot people believe in it example if golden cross indicating bullish there is 1 million people also believe there will be a pump vice versa

[idarasun]

-snip-

There is no prediction that is 100% accurate, so the results of technical analysis will be subjective depending on how traders interpret price history which they then process into an entry signal. Actually, it is not a matter of trust but of possibility, in fact traders are very flexible to change the type of analysis used if it is not profitable enough.

It's true that what you say is that there are no 100% accurate predictions, it's just that perhaps by predicting them we can understand a little of the developments that are occurring.

[TakeItEasy]

It's true that what you say is that there are no 100% accurate predictions, it's just that perhaps by predicting them we can understand a little of the developments that are occurring.

It is too difficult and I can say that would be at a stage of impossibility that we can think that prediction would be 100% accurate. As we have also seen that 100% in some cases even but this also included some luck, just like an example as you are playing a dice game in which you assume there would be 6 sixes then it comes true then we all would sure it includes some luck in it.

Same in the case here, but the technical analysis of the people are so strong the in the trading not all but some of the traders who have studies the coins and they have even all the information about the graphs of the coins. But still the may fail at some points due to the market up and down. So I didn't fully believed in these things like following them on different occasions.

[EarnOnVictor]

I believe, if not with technical analysis, how else can we determine the direction to buy or sell. at least it helps compared to having to just guess. As far as usage goes, I get premium signals with technical analysis, they are quite accurate, although not 100%, but for me that is enough proof that this is quite accurate and profitable.

You are right, without technical analysis of course we would have made the decision to buy or sell only based on the feelings we have and it would be very unlikely that we would be able to get the profits that we would get, if by using technical analysis we would not be able to get our profits. It is still possible to improve the analysis that we use to be able to gain from the trading that we do.

Technical Analysis predict the next possible direction of the price we can't trade successful without TA candlestick patterns itself reveal alot about end of a trend, continuation of price and beginning of a trend, once a trader grasp the whole idea of technical analysis it becomes easier to take a trading decision at the appropriate time, though Fundamentals do move the price hence when a positive or negative fundamental news is released, price tend to either change direction of the present trend or reverse completely, however the candlestick patterns unveil itself in tune with the present or lastest condition of the market which indicates a trading setup.

It's a misconception that we can't trade the market without technical analysis, although this is the very best way to analyze the market, there are alternatives. And since there are alternatives, you can use them solely and successfully without the technical analysis. I'm very sure that many are using other options as the fundamental analysis itself is so popular, it's popular to the extent that some people started making businesses around it, and some even built software that would alert and help them trade this analytical style very well.

When I started trading, due to the irregularities and lack of consistency with the technical analysis, a lot of people might get annoyed if you mentioned the technical analysis as they lacked trust in it. Meaning that they were trading the alternative which is the news/event trading. However, over time, the term sentimental analysis joined it, just like what is happening in the crypto world right now where everybody is getting ready for the much-anticipated tradition that would cause strong bull runs simply due to halving. This is a good example of a sentimental analysis and some people might not use both technical and fundamental analysis but use only the sentimental analysis due to their trust in what people believe.

Above all, it's good to be smart in trading and have knowledge of all these analytical styles even if you would not be using them all. There is no crime in using them altogether too, just like me, I use all of them depending on the need, and with my experience, the technical analysis is the best. There is no controversy to this if you really know how to trade the market as there is nothing hidden from its sight as trading is concerned. Just try to know it very well and you are good to go.

[Bushdark]

in some of my trades this is quite accurate. It's just that even though we use technical analysis, we also have to believe in that analysis. for example, if we use a 4 hour time frame, at least it is for trading within a day and cannot be used for fast trading. If the turn is 1%, we immediately stop loss, maybe this is why we don't believe in technicals.
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People trade the market mostly with technical analysis and there is nothing we can do unless for some whales that have large quantities of different tokens in their portfolio which they can use to hype and dump the market price. If we are not a whale or shark, there is nothing we can do unless we use technical analyse to trade in the market and try to make profits from ourselves.
Trading is very profitable if we know what next will happen in the market, if not we might not make profit rather incur loses for ourselves.

[kingvirtus09]

Not anymore. I'm more focused on fundamentals now, and technical analysis is just for entertainment without influencing my decisions. Long-term suits me better at the moment, as I prefer not to be too active in front of candlesticks. The longer time frame isn't an issue for me as it's heavily influenced by fundamental aspects.

I still come across some technical analysis results on social media, but I don't pay much attention to it and see it more as entertainment.

A day trader will always keep an eye on candlesticks, and technical analysis is their daily bread. Use it if it's still profitable. There's nothing wrong with technical analysis; it's just a matter of whether or not you use it as a consideration for your investments or trades.

Technical analysis is both good on long term and short term trade since you can use the time frame to adjust the goal of your analysis. Longer time frame means you are aiming for long term price result and vice versa.

It doesn't guarantee anything, as surprises can come anytime.

Well, either technical or fundamental, they are not guaranteed to be able to help us so that we can get a profit from the trading activity that we will do because ultimately even experts are not correct in their predictions on a coin. .

But at the end of the day, they still continue to use it because they believe that somehow they will still get a profit, as if it is their weapon or basis to determine where the value of bitcoin or crypto in the market may go.