Do you believe Technical Analysis?

[Myleschetty]

In fact no one can make predictions that actually turn out to be true.

Some market analysis does make predictions that turn out to be true but if we are to talk about overall market prediction accuracy then no one can make 100% accurate predictions.
This is the main reason why some people say crypto trading is gambling.

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[Blowon]

at least it's better than nothing. some of the technical analyzes that I got from my friends or even telegram channels are not bad even though they cannot guarantee 100% accuracy. but it at least helps me be more confident in deciding to buy what to sell. Basically technical analysis is good, at least I think the accuracy is up to 80% if Bitcoin is stable.

[Bushdark]

at least it's better than nothing. some of the technical analyzes that I got from my friends or even telegram channels are not bad even though they cannot guarantee 100% accuracy. but it at least helps me be more confident in deciding to buy what to sell. Basically technical analysis is good, at least I think the accuracy is up to 80% if Bitcoin is stable.

Using technical analysis is one of the ways to trade and understand the market. If we trade without using a technical analysis, how do we intend to understand the market and trade in a pattern that is going to reward us with profits. We can't always depend on fundamentals to enter the market and make trades. We have two major analysis we can use to trade the market which entails technical and fundamental analysis to trade and understand the market. We always use the technical analysis to enter the market if we don't trade based on the news

[xzy887]

In fact no one can make predictions that actually turn out to be true.

You are wrong. Those who master it can make correct predictions a majority of the time.

Yes, the prophecies of those who can master everything come true. But not all of them are predictions. A few of the many predictions happen. Because I have seen many big and professional traders lose their wealth.

On the other hand, technical analysis is very important.

Here I think you contradict yourself, lol.

What do you mean, technical analysis is not necessary for a trader? Then I disagree with you. Because if someone really wants to be a professional trader, the importance of technical analysis is immense.

[Inwestour]

at least it's better than nothing. some of the technical analyzes that I got from my friends or even telegram channels are not bad even though they cannot guarantee 100% accuracy. but it at least helps me be more confident in deciding to buy what to sell. Basically technical analysis is good, at least I think the accuracy is up to 80% if Bitcoin is stable.

The disadvantage of technical analysis is that in many situations there are several possible developments of events, but if you study the trading pair well, then in certain situations you can understand where the price should move and TA and in this case can become an assistant for you in making a decision on a transaction.

Technical analysis is just one of the trader's tools that will work if you know how to use it properly. Because it is important to be able to correctly interpret what we see on the chart, sometimes it is easier for us to see the whole picture, on past charts, moments that we missed in real time, this suggests that our knowledge is not enough for high-quality technical analysis and we need to learn, to understand it better.

[gabbie2010]

at least it's better than nothing. some of the technical analyzes that I got from my friends or even telegram channels are not bad even though they cannot guarantee 100% accuracy. but it at least helps me be more confident in deciding to buy what to sell. Basically technical analysis is good, at least I think the accuracy is up to 80% if Bitcoin is stable.

Technical Analysis is very important for all trader because it predict entry price and zone price is likely to reverse, infact it give a lot of overall view of the market in term of price situation or condition if trending, consolidating and reversal all these are very important aspect of Technical Analysis, however fundamental Analysis drives the market it's causes the price to move with volatility which is very important for traders to take profit quickly therefore I am of the opinion that a trader who rely solely on Technical Analysis should also pay attention to fundamental news that can make or mar the price movement.

[Hamphser]

at least it's better than nothing. some of the technical analyzes that I got from my friends or even telegram channels are not bad even though they cannot guarantee 100% accuracy. but it at least helps me be more confident in deciding to buy what to sell. Basically technical analysis is good, at least I think the accuracy is up to 80% if Bitcoin is stable.

Technical Analysis is very important for all trader because it predict entry price and zone price is likely to reverse, infact it give a lot of overall view of the market in term of price situation or condition if trending, consolidating and reversal all these are very important aspect of Technical Analysis, however fundamental Analysis drives the market it's causes the price to move with volatility which is very important for traders to take profit quickly therefore I am of the opinion that a trader who rely solely on Technical Analysis should also pay attention to fundamental news that can make or mar the price movement.

Totally crucial or much needed right?

Hovering yourself towards  this market would really be needing up that kind of tool or indicators because if you do make out positions or entries/exits then it would really be recommendable on making use of these things because if not then you are just simply doing gambling in the first place. You would really be finding its relevance or importance on the time that you would really be that facing up this unpredictable market
on which it is really just that something that you would really be needing to study or able to get such idea on making use of these things.

You wont really be having any path to take but rather neither be learning up FA+TA which both things would really be that so relevant in speaking about predicting prices. You cant really just
point out and make out decisions basing up with your intuition. Yes, is true that there's only two path that you could take but we know that it isnt something that ideal that you
wont really be minding about making analysis on every move you do make.

[Unbunplease]

Technical Analysis is very important for all trader because it predict entry price and zone price is likely to reverse, infact it give a lot of overall view of the market in term of price situation or condition if trending, consolidating and reversal all these are very important aspect of Technical Analysis, however fundamental Analysis drives the market it's causes the price to move with volatility which is very important for traders to take profit quickly therefore I am of the opinion that a trader who rely solely on Technical Analysis should also pay attention to fundamental news that can make or mar the price movement.

Technical analysis works as long as the manipulator allows it to do so. The manipulator has experts in technical analysis at his disposal, so he is always one step ahead. Therefore, you cannot blindly trust technical analysis. You need to be guided by other tools and also trust your intuition

[bittraffic]

Technical Analysis is very important for all trader because it predict entry price and zone price is likely to reverse, infact it give a lot of overall view of the market in term of price situation or condition if trending, consolidating and reversal all these are very important aspect of Technical Analysis, however fundamental Analysis drives the market it's causes the price to move with volatility which is very important for traders to take profit quickly therefore I am of the opinion that a trader who rely solely on Technical Analysis should also pay attention to fundamental news that can make or mar the price movement.

Technical analysis works as long as the manipulator allows it to do so. The manipulator has experts in technical analysis at his disposal, so he is always one step ahead. Therefore, you cannot blindly trust technical analysis. You need to be guided by other tools and also trust your intuition

There is no amount of Technical analysis that will work if the manipulators are the regulators as well. It's the outside factors that indicators can't see that surprise traders with sudden movement of prices.

It's only the halving that guarantees the rise of volume and price of BTC. But even this somehow they are already making some manipulation from the outside like the community who wants bigger block size and the opposite side. And then trying to turn BTC into POS.

[jaberwock]

at least it's better than nothing. some of the technical analyzes that I got from my friends or even telegram channels are not bad even though they cannot guarantee 100% accuracy. but it at least helps me be more confident in deciding to buy what to sell. Basically technical analysis is good, at least I think the accuracy is up to 80% if Bitcoin is stable.

The disadvantage of technical analysis is that in many situations there are several possible developments of events, but if you study the trading pair well, then in certain situations you can understand where the price should move and TA and in this case can become an assistant for you in making a decision on a transaction.

Technical analysis is just one of the trader's tools that will work if you know how to use it properly. Because it is important to be able to correctly interpret what we see on the chart, sometimes it is easier for us to see the whole picture, on past charts, moments that we missed in real time, this suggests that our knowledge is not enough for high-quality technical analysis and we need to learn, to understand it better.

Having in-depth TA knowledge would allow people to have some sort of return that would make sense, it should be important to be a lot more careful about what they do, and that could be important to what you do. Doesn't mean that it will guarantee an income that should make you return as much as possible.


This means that you are going to have a tool that would allow you to get a greater return when you possibly could, and should be something that could return with a profit if you are careful about it, but that doesn't mean that you are going to end up with a result that should be simple, it is going to be something that will take a while. So always end up with a return that would make it smart to enjoy, and not a lot of people will be using them so you will have an edge over those people.

[stomachgrowls]

at least it's better than nothing. some of the technical analyzes that I got from my friends or even telegram channels are not bad even though they cannot guarantee 100% accuracy. but it at least helps me be more confident in deciding to buy what to sell. Basically technical analysis is good, at least I think the accuracy is up to 80% if Bitcoin is stable.

The disadvantage of technical analysis is that in many situations there are several possible developments of events, but if you study the trading pair well, then in certain situations you can understand where the price should move and TA and in this case can become an assistant for you in making a decision on a transaction.

Technical analysis is just one of the trader's tools that will work if you know how to use it properly. Because it is important to be able to correctly interpret what we see on the chart, sometimes it is easier for us to see the whole picture, on past charts, moments that we missed in real time, this suggests that our knowledge is not enough for high-quality technical analysis and we need to learn, to understand it better.

Having in-depth TA knowledge would allow people to have some sort of return that would make sense, it should be important to be a lot more careful about what they do, and that could be important to what you do. Doesn't mean that it will guarantee an income that should make you return as much as possible.


This means that you are going to have a tool that would allow you to get a greater return when you possibly could, and should be something that could return with a profit if you are careful about it, but that doesn't mean that you are going to end up with a result that should be simple, it is going to be something that will take a while. So always end up with a return that would make it smart to enjoy, and not a lot of people will be using them so you will have an edge over those people.

Having a technical knowledge would really be always having that edge compared into those people who do have zero knowledge about these tools and come to think that this is really that main thing that you should really be knowing or needed up to learn for you to sustain or survive this market or else then you are just doing simply gambling because having those positioning without any basis which is it really just like gambling and this shouldnt really be your approach towards your trading sessions. Although we could really tell that there's no such thing about precision of those  indicators but doesnt mean that it is really non relevant on trading field.
They arent been created for nothing or having no use or something that could help out a particular trader.

Its always been important that you do have technical knowledge because hovering yourself into this market without sufficient knowledge and skills would really be just leading into bad experience and loss of money.
Who do really likes on losing money? None right but in stepping into this field then losing is inevitable but the importance on having this learning or skills is that you could really be having that edge compared into those people who dont have the idea on what they are doing within the market. You would be needing to survive and some are really just that lazy and this is why they do decided that they would rather be
following someone with those trading signals even if it would means that they would really be needing to pay up some bucks for that which is really that sad.

[Inwestour]

Having in-depth TA knowledge would allow people to have some sort of return that would make sense, it should be important to be a lot more careful about what they do, and that could be important to what you do. Doesn't mean that it will guarantee an income that should make you return as much as possible.


This means that you are going to have a tool that would allow you to get a greater return when you possibly could, and should be something that could return with a profit if you are careful about it, but that doesn't mean that you are going to end up with a result that should be simple, it is going to be something that will take a while. So always end up with a return that would make it smart to enjoy, and not a lot of people will be using them so you will have an edge over those people.

I read a very interesting idea about technical analysis, how it was created in order to control the masses on their expectations. This may be partly true, but it cannot apply to all assets, since there are so many of them that it would be very difficult to implement. In any case, if a figure is formed on the chart, it can attract a large number of traders and in the end this will lead to a certain result, and how correct this decision will be will depend on our ability to understand TA. Sometimes you need to be able to have your own point of view so as not to blindly follow the majority.

[beerlover]

I read a very interesting idea about technical analysis, how it was created in order to control the masses on their expectations. This may be partly true, but it cannot apply to all assets, since there are so many of them that it would be very difficult to implement. In any case, if a figure is formed on the chart, it can attract a large number of traders and in the end this will lead to a certain result, and how correct this decision will be will depend on our ability to understand TA. Sometimes you need to be able to have your own point of view so as not to blindly follow the majority.

That is not the case at all, not even remotely relevant at all. It's obvious that it is doing well enough and shouldn't really be a big deal, I believe that we are going to see it change for the short term and we are going to end up with something that will benefit people. TA has been one of the most consistent forms of making a profit and if you believe that someone created something to control the masses that resulted with us making a profit then thats your own mistake.

I mean why would they do that, so that some of us would make some profit and be calmer about the whole world? I think it is clear that we are not going to end up with anything that would upset anyone if you follow TA very well, it should be a good way of making money for the most people.

[Mpamaegbu]

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?

My thought on this – Look at how big ships are, yet what controls them to meander through seas is a compass. That's what candle patterns do.

Look at snakes, they've very poor sight. Yet they move around and catch preys. What helps them do that is the sound waves released by preys. If preys remain still, snakes are definitely going to crawl pass them or over them without knowing they've got preys there. That's what candlesticks do. They help traders catch trade directions.

Therefore, invariably, it's a given that candlesticks/TA are very essential in trading. They're the navigation tools every trader should be looking at. I don't joke with candle formations. I wait till the very last second to see a candle forms. Anything can happen within a few seconds before candles close. So, it's advisable to wait till they close and begin to form new ones.

[Xampeuu]

Having in-depth TA knowledge would allow people to have some sort of return that would make sense, it should be important to be a lot more careful about what they do, and that could be important to what you do. Doesn't mean that it will guarantee an income that should make you return as much as possible.


This means that you are going to have a tool that would allow you to get a greater return when you possibly could, and should be something that could return with a profit if you are careful about it, but that doesn't mean that you are going to end up with a result that should be simple, it is going to be something that will take a while. So always end up with a return that would make it smart to enjoy, and not a lot of people will be using them so you will have an edge over those people.

I read a very interesting idea about technical analysis, how it was created in order to control the masses on their expectations. This may be partly true, but it cannot apply to all assets, since there are so many of them that it would be very difficult to implement. In any case, if a figure is formed on the chart, it can attract a large number of traders and in the end this will lead to a certain result, and how correct this decision will be will depend on our ability to understand TA. Sometimes you need to be able to have your own point of view so as not to blindly follow the majority.

Price movements make us analyze, so that we can read something that will happen from the price movements that are formed. Even though it's just a prediction and of course it can be wrong or right, we need anticipatory steps. Therefore, technical analysis is needed to get around this. Technical analysis can also be done by placing available indicators, and of course we must be able to master the use of these indicators, to be successful.

[Fara Chan]

Price movements make us analyze, so that we can read something that will happen from the price movements that are formed. Even though it's just a prediction and of course it can be wrong or right, we need anticipatory steps. Therefore, technical analysis is needed to get around this. Technical analysis can also be done by placing available indicators, and of course we must be able to master the use of these indicators, to be successful.

Not everyone is able to master each of these indicators even though they can analyze them technically from charts that have been formed in the market. I am still a little overwhelmed in analyzing every indicator in the market because the potential for error is much greater than the potential for error, so this needs to be studied thoroughly through people who have really mastered it quite well. Because things like that are always difficult for anyone to get around because they are related to price movements in the market.

[GeorgeJohn]

It's quite right that we learn through our previous mistakes and that will make us not be victims in our trading and also during investment we instigate and calculate properly before investment, the thing is that we want to understand the basics way of the market especially bitcoin, what we need to do is to comprehend the radials of chart of bitcoin by understanding the movement of candle sticks first, most of cryptocurrency investors especially the newbies queue up to follow predictions of other people made by imagination and assumptions, it's good for we to learn and follow up our system of cryptocurrency investment.

[wxa7115]

Price movements make us analyze, so that we can read something that will happen from the price movements that are formed. Even though it's just a prediction and of course it can be wrong or right, we need anticipatory steps. Therefore, technical analysis is needed to get around this. Technical analysis can also be done by placing available indicators, and of course we must be able to master the use of these indicators, to be successful.

Not everyone is able to master each of these indicators even though they can analyze them technically from charts that have been formed in the market. I am still a little overwhelmed in analyzing every indicator in the market because the potential for error is much greater than the potential for error, so this needs to be studied thoroughly through people who have really mastered it quite well. Because things like that are always difficult for anyone to get around because they are related to price movements in the market.

You do not really need know how to use all the indicators that exist, this is simply impossible, most indicators do something similar even if they are calculated differently, which is why they are classified in families like trend indicators, momentum indicators, oscillators, volatility indicators and more.

So you only need to understand a single one of the indicators on those families and you are set, the issue is to combine them in a way that can produce you profits, a difficult thing to do when the combinations of indicators are basically infinite.

[Zigabel]

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?

Candle sticks are the representation of what investors and speculators are doing in the market, they represent the actions of investors in the past and in the present from which you can possibly have a clue to what the possible future could be, just like the normal human life history is mostly like bound to repeat itself and so when ever there's a clue of a past events people most often prepare to for a similar experience as like that of the past.

Basically that's technical analysis. There are possible reoccurrences on the chart which are the reflection of what happens in real life, even investors looks at the charts and wait for movement to a particular point and they take actions hence that point becomes a point to note for investors to always look out for so they can take actions from there. In technical analysis you have to first look out for possible events on the chart, why they happened and when it could possibly happen again because this will be reasons for future decisions on what price could possibly do. Everything in the real time play out on the chart even the effects of news is usually seen on the chart with the way candle sticks will be formed so with a very good technical analysis you may not necessarily need other views as the summary of them all appears on the chart.

[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?

Candle sticks are the representation of what investors and speculators are doing in the market, they represent the actions of investors in the past and in the present from which you can possibly have a clue to what the possible future could be, just like the normal human life history is mostly like bound to repeat itself and so when ever there's a clue of a past events people most often prepare to for a similar experience as like that of the past.

Basically that's technical analysis. There are possible reoccurrences on the chart which are the reflection of what happens in real life, even investors looks at the charts and wait for movement to a particular point and they take actions hence that point becomes a point to note for investors to always look out for so they can take actions from there. In technical analysis you have to first look out for possible events on the chart, why they happened and when it could possibly happen again because this will be reasons for future decisions on what price could possibly do. Everything in the real time play out on the chart even the effects of news is usually seen on the chart with the way candle sticks will be formed so with a very good technical analysis you may not necessarily need other views as the summary of them all appears on the chart.

If  candle sticks arent really that significant then charts wont really be existing on the first place considering that these are indeed showing the behavior in between buyers and sellers on which it would really be that normal
that people or to those who do trade will really be making use of those tools or indicators on which they would be able to picture out on whats happening within the market.If it was that relevant on the first place then it wont really be something that helpful or something that useful and it wont really be existing in the first place if it wont really be showing something. TA's are really that useful if you do really know on how to make use of it
but if you dont then it wont really be something that significant. There are really that people who dont mind much on using up these things without even trying to realize on how useful this thing is.
You cant really just that barge in the market without having considerations on making use of this tool or indicator. You cant really be able to read up the market well if you dont even know on how to read up
those candlestick patterns. This is something a skill that must have or something that should be learn so that you do have the idea on how you would really be handling yourself on a volatile market. It would really
be needing this kind of approach on which its a must thing to have or known.