Do you believe Technical Analysis?

[G_Besar]

There is no such technology invented in the world so far that we can know in advance what we do will be profit or loss. If there was such a technology then no one would be harmed in business and there would be 100% successful businessmen in the world. Then maybe there would be no word of poor in the world, everyone would be rich. First of all, no technology has ever been able to predict anything in the past and will never be able to in the future.

All humans are unable to see the future, so everyone still has to continue working to make their future bright. Because basically everyone doesn't know what will happen in the future, even though everyone can reflect on the past to improve the way they work in order to get a better future and that is naturally the case.

After all, everyone can see business people who are still working and running their business because they themselves don't know when their business will progress even though they continue to try to target the number of new customers every year. So regarding the future, we can only make the best of it from now on because good results only exist through good efforts from each of us, not from fortune tellers or other people.

[Z_MBFM]

There is no such technology invented in the world so far that we can know in advance what we do will be profit or loss. If there was such a technology then no one would be harmed in business and there would be 100% successful businessmen in the world. Then maybe there would be no word of poor in the world, everyone would be rich. First of all, no technology has ever been able to predict anything in the past and will never be able to in the future.

All humans are unable to see the future, so everyone still has to continue working to make their future bright. Because basically everyone doesn't know what will happen in the future, even though everyone can reflect on the past to improve the way they work in order to get a better future and that is naturally the case.

I agree with you that it is not possible for any human being to predict the exact future. But only a little can be inferred based on past events and behavior. That is through by technical analysis. And someone with long experience can often predict the potential and thereby make good profit from crypto. So technical analysis cannot be untrusted completely

After all, everyone can see business people who are still working and running their business because they themselves don't know when their business will progress even though they continue to try to target the number of new customers every year. So regarding the future, we can only make the best of it from now on because good results only exist through good efforts from each of us, not from fortune tellers or other people.

Of course, to be successful at something, you have to stick with it for a long time. Because success never comes fast in any field. So in technical analysis also an analyst spends a long time and after hard efforts is able to make a correct analysis which fetches him a good profit at that time. That's the truth and that's what happens

[AnonBitCoiner]

All humans are unable to see the future, so everyone still has to continue working to make their future bright. Because basically everyone doesn't know what will happen in the future, even though everyone can reflect on the past to improve the way they work in order to get a better future and that is naturally the case.

After all, everyone can see business people who are still working and running their business because they themselves don't know when their business will progress even though they continue to try to target the number of new customers every year. So regarding the future, we can only make the best of it from now on because good results only exist through good efforts from each of us, not from fortune tellers or other people.

No one knows that what will be happened next moment but still there is a hope that one day they will earn a lot of money to make everything easy. Cryptocurrency is not guaranteed but still everyone wants an investment in Bitcoin because they know that if there is a risk there will be advantage too.

Everything changes with a time so we should adapt ourselves accordingly because neither your business remains in same condition always nor you remains same energetic as you are today therefore be happy with all that you have today.

If someone is a holder of cryptocurrency then they should realize that cryptocurrency can be predicted and most of the time these predictions are precise because prediction about halving and bull season is coming true. So in such cases assumption can be made and we can decide according to assumption to make our investment successful.

[BitcoinTurk]

There is no such technology invented in the world so far that we can know in advance what we do will be profit or loss. If there was such a technology then no one would be harmed in business and there would be 100% successful businessmen in the world. Then maybe there would be no word of poor in the world, everyone would be rich. First of all, no technology has ever been able to predict anything in the past and will never be able to in the future.

Of course, no technology from past to present has been able to predict what will happen in the future and unfortunately we humans cannot predict it either. For this reason we don't know whether any of the plans we have made both economically and for the future will come to fruition or come true as we imagine. Anyway, I would like to continue my comment without going beyond the current topic.

Just as you stated, it isn't possible to predict the future in financial markets both technologically and from people's perspectives. However, it shouldn't be forgotten that history constantly repeats itself and past data are informative for future movements in economic markets. In other words, although it isn't possible to gain profit without losing any money by using technical analysis, it helps us to have an idea about future price movements and to make investment decisions accordingly.

As I mentioned, the fact that technical analysis is only a guide and doesn't help to get 100% accurate results causes everyone who does technical analysis to not be able to consistently make money. Of course, if this were an analysis method that could give 100% accurate results when done correctly, everyone would be able to earn as much money as they want today and there would be no such thing as poor.

[tottong]

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."

There are no accurate predictions because everything can change at any time and using past charts in analyzing price predictions will provide a lot of insight, but we cannot rely on these conditions completely. People will probably make a combination of many technical things to predict prices and we will look at the history based on observations. Trading techniques and patterns can change according to the course of the coin we are trading and if at a certain time the strategy has to be changed then run another plen as a step.

That's why people say trading is difficult and not everyone is able to do it, but when you dare to take risks to practice your skills then I'm sure we will slowly get an idea of how to trade. Finally, we need to rely on our own instincts to decide on conclusions based on a combination of several other things that we can find.

[carlfebz2]

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."

There are no accurate predictions because everything can change at any time and using past charts in analyzing price predictions will provide a lot of insight, but we cannot rely on these conditions completely. People will probably make a combination of many technical things to predict prices and we will look at the history based on observations. Trading techniques and patterns can change according to the course of the coin we are trading and if at a certain time the strategy has to be changed then run another plen as a step.

That's why people say trading is difficult and not everyone is able to do it, but when you dare to take risks to practice your skills then I'm sure we will slowly get an idea of how to trade. Finally, we need to rely on our own instincts to decide on conclusions based on a combination of several other things that we can find.

Charting and technical analysis could never been that precise or something that do works most of the time and with that normal behavior and unpredictability of this market then its not really a shocking thing honestly.

There are really just that people who are really that skeptical about these TA results without even trying to look at on whats its relevance in regarding about trading. Yes, it cant be precise but doesnt mean that it would really be useless because sooner or later you would be able to find out that you would really be needing up these things just for you to have atleast on having some ideas on what you would really be gonna dealing with. You cant really just rely with news like forever because we know that events and happenings doesnt really come often or happen all the time.

This is why you would really be needing to have that skills and awareness on how to make use or able to plot some charts.

[R100K-Martin-Lunger]

I think that analyzing past charts for future price predictions is a good idea, relying solely on candlesticks would be a bad idea. This is because the market varies based on different factors such as investor psychology. While past events like the Bitcoin halving offer valuable insights, but they're just historical landmarks, not guarantees of the future route.
The best course of action should be to combine your candlestick analysis with your own insights. It’s also important to remember that trading is inherently risky, and no single method can guarantee a perfect outcome.
I recommend diversifying your portfolio with majority of your investments in a stable source while actively trading in altcoins like I do and investing only what you can afford to lose. By doing so you'll be better prepared to navigate the world of crypto

If you have any questions you can contact me via my Discord: https://discord.gg/2TFSrzunK3 or Telegram: https://t.me/Project_r100k/

[Bushdark]

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?

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

Technical analysis do not work like the way it used to work before in the market. It could take time for us to really make use of technical analysis but most time it might not work with all altcoins market. The altcoins market moves anyhow do we should not depend on it for us to make profits from the market. It is better we just buy and sell and use other tools for us to make profits from trading altcoins.
Any trade we are taking has it own risk so we have to be prepared for anything that would happen..

[borovichok]

Technical analysis do not work like the way it used to work before in the market. It could take time for us to really make use of technical analysis but most time it might not work with all altcoins market. The altcoins market moves anyhow do we should not depend on it for us to make profits from the market. It is better we just buy and sell and use other tools for us to make profits from trading altcoins.
Any trade we are taking has it own risk so we have to be prepared for anything that would happen..

I'm ready for anything that will happen. The market have just two phase, the bull and bear season. Ensure to lay down complex infrastructure such as good planning that have golden opportunities of milking the system with our very best outcomes. We know the risks involved when we placed trades, we have just two things in mind, either we gain or loss, nothing changes. Technical analysis are best used when a trader is thoroughly grinded in the strategy, because it's complex and there's enough strategy open to be utilized in upcoming trades.

[tottong]

Charting and technical analysis could never been that precise or something that do works most of the time and with that normal behavior and unpredictability of this market then its not really a shocking thing honestly.

At least that's how it works because we rely on mapping and analysis based on predictions and wherever we are the predictions are a reference that is not necessarily true and accurate.

There are really just that people who are really that skeptical about these TA results without even trying to look at on whats its relevance in regarding about trading. Yes, it cant be precise but doesnt mean that it would really be useless because sooner or later you would be able to find out that you would really be needing up these things just for you to have atleast on having some ideas on what you would really be gonna dealing with. You cant really just rely with news like forever because we know that events and happenings doesnt really come often or happen all the time.

This is why you would really be needing to have that skills and awareness on how to make use or able to plot some charts.

Relying on other people's predictions without own analytical knowledge is not appropriate to engage in trading because we cannot completely rely on other people's predictions. Some of the considerations may be other people's predictions as reference material, but it is much more important to have your own analysis because it is a strength for us to be confident in getting involved in trading. Skepticism is a lack of knowledge so that people are unable to do something correctly and accurately.

I agree that our presence in trading must be knowledgeable because we cannot rely on other people's analysis to take much bigger risks. If not then trading is not the right choice for someone to get involved further.

[leonair]

Technical analysis do not work like the way it used to work before in the market. It could take time for us to really make use of technical analysis but most time it might not work with all altcoins market. The altcoins market moves anyhow do we should not depend on it for us to make profits from the market. It is better we just buy and sell and use other tools for us to make profits from trading altcoins.
Any trade we are taking has it own risk so we have to be prepared for anything that would happen..

I'm ready for anything that will happen. The market have just two phase, the bull and bear season. Ensure to lay down complex infrastructure such as good planning that have golden opportunities of milking the system with our very best outcomes. We know the risks involved when we placed trades, we have just two things in mind, either we gain or loss, nothing changes. Technical analysis are best used when a trader is thoroughly grinded in the strategy, because it's complex and there's enough strategy open to be utilized in upcoming trades.

Yes, by analyzing bull and bear, it is necessary to understand whether the price of a coin will increase or decrease. Meanwhile the price of a coin goes up and down based on a season, a good update of the team, any new feature of the project. So by doing these analysis it is possible to predict the future of a coin but it is never 100% guaranteed but sometimes expected results are obtained so definitely technical analysis works I believe it.