Do you believe Technical Analysis?

[idarasun]

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.

-cut-
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.

Yes I agree with that, as I said no prediction is 100% accurate.
In fact, predictions always involve uncertainty (speculation), but having experience and knowledge can help us manage risk. Although technical analysis can be powerful, market fluctuations remain a factor that is difficult to fully predict.

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[Rehan Zakir]

Yes. Technical analysis is used to check the trend of market. There are some technical analysis tools to analysis the next price movement of market. But must keep an eye on Fundamental analysis which is based on news in the market. A big news suddenly pumps and dumps the market.

[Hamphser]

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.

-cut-
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.

Yes I agree with that, as I said no prediction is 100% accurate.
In fact, predictions always involve uncertainty (speculation), but having experience and knowledge can help us manage risk. Although technical analysis can be powerful, market fluctuations remain a factor that is difficult to fully predict.

Market is never been predictable on the first place and it is really just that normal that you would really be needing to make use of any tools or anything that could help out at least to see on where those prices could eventually go. Yes, technical analysis might not be that 100% precise but we know that it is really that mainly been that being used by most traders. Why? It is really just that more better to make use of it
rather than on making up some trading positions without any basis or simply just because of emotions or some sort or intuition? that would really be that a joke if you are relying with those things.

Sooner or later you would really be able to find out about their usage and relevance on which it would really be just that right that you should make use of TA. Trying out to make use of news or simply FA?
There's nothing that you could be able to see from time to time in speaking about news on which it is really just that right that you do know other skills or method
on which at least you are really that able to make yourself have at least the idea on what you are doing.

[target]

Indicators are telling something that is possible to happen which means whatever the trader can foresee based on what the candles did is possible to happen. Though they may still be predictions, the TAs still are the ones you can rely on along with the cycle from bear to bull market in crypto.

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

They say the market will do what it wants to do It must be true. It's the traders who move the prices in the market.

[milewilda]

Using past graphs similar to current graphs can give us an idea of the situation that may or could occur in the near or medium future. But if it is a prediction, we don't necessarily have to believe it because it is just a prediction that has not happened, especially if the prediction is from someone else.

Charts for investors and traders have different purposes because their goals are different. For traders, charts and technical and fundamental analysis are useful in determining entry and exit from the market. Meanwhile, charts for investors are useful for seeing the course of trends over time so that investors will know what to do.

I believe in technical analysis but it must be combined with technical fundamentals to look at information from other sources. And we also need to look at the indicators in the market to get information about where the market will move.

We can make patterns but doesnt mean that it would really be happening precisely in the future but its not that bad for you to look and trying out to compared and assume whether it would be taking on the same step or movement just like in the past. Yes, there's no guarantee that it would be going on the same. Past events arent that a solid thing for you to rely on but as long we are seeing relevant movements or it rhymes
then we cant avoid not to think about those probabilities on which it is a normal approach.If you do see that it is something that do really helps you on your future speculations and analysis then it would
really be your choice to do so.

All of traders would definitely be coming into a point that they would really be in hesitance on trusting up technical analysis on which on the time that they do hover themselve
into the market then this is where they will really be having that kind of realizations that it is a must thing to have or make use so that you could be able to
make yourself that sustain into this unpredictable space which its never been that easy in the first place.

[jacafbiz]

Technical analysis works perfectly well, it just depends on the user how he or she implements the information. Most people are not disciplined to allow most of these analyses to play out, and they will come and say it doesn't work, another thing is the time frame chosen, if you don't pick the right time frame you will be shaken out of the market at every price movement, so get disciplined and stick to your plan

[Promocodeudo]

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?

Predictions are not always the way we expect them to be, when you predict, is just like trying to vision the like outcome of an event, but the truth is that it is not always sure, it is better to be open-minded to expect any event to occur in this situation so that we won't have high expectation that may not come to reality, I want you to understand that is not a guarantee that an event that happen in the past will repeat itself again, just don't expect much but if it happens that's fine, if it doesn't that's it. There is always expectation of every bitcoiner for bitcoin to appreciate in price as you said during the halving period, let's see what happens since the halving is near.

[Bitcoinpoly]

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?

It is okay to use past trend to determine how the turn out will be but don’t forget that there are still some other factors that can tamper with TA. Best most time we should try to be neutral with analysis and be more open minded.

[terrific]

Technical analysis works perfectly well, it just depends on the user how he or she implements the information.

Not all times TAs work perfectly. But I have to agree with you that they're like almost perfect and it's helpful to the traders that are looking into it.

Most people are not disciplined to allow most of these analyses to play out, and they will come and say it doesn't work, another thing is the time frame chosen, if you don't pick the right time frame you will be shaken out of the market at every price movement, so get disciplined and stick to your plan

They will come and say that they're not working because based on them, they don't follow the procedures and they're impatient.
In trading, it's not just all about the analysis you do but also the application of it and it requires patience at most times.

[Bushdark]

Technical analysis works perfectly well, it just depends on the user how he or she implements the information. Most people are not disciplined to allow most of these analyses to play out, and they will come and say it doesn't work, another thing is the time frame chosen, if you don't pick the right time frame you will be shaken out of the market at every price movement, so get disciplined and stick to your plan

I think technical analysis works perfectly well in the forex market and does not have much influence in the crypto market.
This is one of the things we need to know if we are forex traders and we have the plan to delve into cryptocurrency market. The cryptocurrency market does not depends more on fundamental analysis because the market can easily be manipulated. There are some tokens that they are easily pumped and dumped and this alone can scatter the market structure and how people had planned to tarde the market.

[EarnOnVictor]

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.

-cut-
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.

Yes I agree with that, as I said no prediction is 100% accurate.
In fact, predictions always involve uncertainty (speculation), but having experience and knowledge can help us manage risk. Although technical analysis can be powerful, market fluctuations remain a factor that is difficult to fully predict.

For the fact that nothing is perfect doesn't mean that we should not have our preferences, and for trading analytical concerns, my preference over and over again is technical analysis, no other analytical type can be able to contend with it. But the issue is that people expect more from it or are using it wrongly, so they expect it to deliver that signal as if it's a wizard. But it's not so, it's an analytical means which can only be predictive in nature, and of course, predictions are not prophecies, so it's those people looking for more from what it was coded to do that should have a rethink.

And I say this without apology, to know the true sentiment of the market, you need the technical analysis and make sure you follow the trend it tells you, not otherwise. But some people go for the retracement and reversal of the market rather than the trend which denotes the sentiment of the market. They will then blame the analytical style for their woes, while some use some wrong timeframes as well, especially the lower ones and expect the best from it.

[fauzan Ichsan]

Technical analysis works perfectly well, it just depends on the user how he or she implements the information. Most people are not disciplined to allow most of these analyses to play out, and they will come and say it doesn't work, another thing is the time frame chosen, if you don't pick the right time frame you will be shaken out of the market at every price movement, so get disciplined and stick to your plan

I think technical analysis works perfectly well in the forex market and does not have much influence in the crypto market.
This is one of the things we need to know if we are forex traders and we have the plan to delve into cryptocurrency market. The cryptocurrency market does not depends more on fundamental analysis because the market can easily be manipulated. There are some tokens that they are easily pumped and dumped and this alone can scatter the market structure and how people had planned to tarde the market.

Technical analysis when used on new altcoins is indeed difficult to work out, but this can be done on top coins, especially bitcoin, which of course becomes increasingly difficult to manipulate, the more people own it and the more it spreads. In technical analysis, of course you have to be able to understand the characteristics of the technique used, because no one technique works perfectly

[Webetcoins]

Yes. Technical analysis is used to check the trend of market. There are some technical analysis tools to analysis the next price movement of market. But must keep an eye on Fundamental analysis which is based on news in the market. A big news suddenly pumps and dumps the market.

Yup, well said!

Both fundamental and technical analysis have their own significance and in some sense, they both go hand in hand. The more sources you have for fundamental analysis it helps you understand the sentiment of the market as well. A coin with fundamental issues won't have a good sentiment (unless meme) and similarly, a coin with bad sentiment is usually going to have some fundamental issues sooner or later

I am more of a fundamental analysis guy but I absolutely agree that technical analysis is just as important. It's just not my thing.

[Fatunad]

Technical analysis works perfectly well, it just depends on the user how he or she implements the information. Most people are not disciplined to allow most of these analyses to play out, and they will come and say it doesn't work, another thing is the time frame chosen, if you don't pick the right time frame you will be shaken out of the market at every price movement, so get disciplined and stick to your plan

I think technical analysis works perfectly well in the forex market and does not have much influence in the crypto market.
This is one of the things we need to know if we are forex traders and we have the plan to delve into cryptocurrency market. The cryptocurrency market does not depends more on fundamental analysis because the market can easily be manipulated. There are some tokens that they are easily pumped and dumped and this alone can scatter the market structure and how people had planned to tarde the market.

Technical analysis when used on new altcoins is indeed difficult to work out, but this can be done on top coins, especially bitcoin, which of course becomes increasingly difficult to manipulate, the more people own it and the more it spreads. In technical analysis, of course you have to be able to understand the characteristics of the technique used, because no one technique works perfectly

Technicals doesnt work on new coins specially on new listed ones, prices are really that shooting up and down on intense manner on which on the case that no TA's would really be able to work out on that case.

Speaking about believing about TA's then of course it is really that relevant, who would really be on their right minds on not to make use of these indicators. How they would really be able to handle this unpredictable market in the first place?If ever TA isnt relevant then how you would really be able to handle yourself within this market? By pure guess? By waiting for some events or news?
You would really be finding yourself on such big problem on the time that you would really be that not able to know even with the basic principles on how TA work and how it could help
on trying out to hover yourself on this market.

We know that its never been that so simple and this is why having this kind of knowledge would really be an edge over or compared to those people
who are dealing on this market without even knowing on what they are doing.

[gunhell16]

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.

-cut-
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.

Yes I agree with that, as I said no prediction is 100% accurate.
In fact, predictions always involve uncertainty (speculation), but having experience and knowledge can help us manage risk. Although technical analysis can be powerful, market fluctuations remain a factor that is difficult to fully predict.

Actually, all of us here in the forum are all speculations; now it's up to us if we agree or support what they say. That's why, if we become sensitive, we will know which useful things others are saying and which are meaningless.

The performance of technical analysis requires that we have an understanding of the use of tool indicators so that we can determine what and where the direction of the coin we are trading is to obtain income. It cannot be said that you know how to use technical analysis if you do not know how to use indicator tools.

[synchronym]

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 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.

[Bushdark]

Whether we believe it or not, technical analysis are not even so important In the Crypto market. There are many traders that are very profitable in the crypto market that do not make us of technical analysis. It could be very essential in other financial market but not in cryptocurrency market. Once we understand this, then we can move to one of the most important tools we can use to make profits from the Crypto market as a trader or investor. Since many altcoins are easy to manipulate, then what is the need of using technical analysis when we can easily push or dump the market.

[jaberwock]

Yes. Technical analysis is used to check the trend of market. There are some technical analysis tools to analysis the next price movement of market. But must keep an eye on Fundamental analysis which is based on news in the market. A big news suddenly pumps and dumps the market.

Yup, well said!

Both fundamental and technical analysis have their own significance and in some sense, they both go hand in hand. The more sources you have for fundamental analysis it helps you understand the sentiment of the market as well. A coin with fundamental issues won't have a good sentiment (unless meme) and similarly, a coin with bad sentiment is usually going to have some fundamental issues sooner or later

I am more of a fundamental analysis guy but I absolutely agree that technical analysis is just as important. It's just not my thing.

Yes, they are but I think their use cases will only depend if what we are doing. Like for example if we are trading, then it was mostly the TA's are the ones that traders are using. For investing, it was FA. It was only based on the majority, but of course we are still free if whether we are going to go against with them and choose whatever analysis we want, or just simply use both of them because after all, each of them aren't bad like you said earlier.

Each coin must have their own issues, including about fundamentals. Much more if we are talking about meme coins. But they aren't likely going to recover or fix their issues. Most of them don't even have a fundamental at all.

[Mahanton]

Yes. Technical analysis is used to check the trend of market. There are some technical analysis tools to analysis the next price movement of market. But must keep an eye on Fundamental analysis which is based on news in the market. A big news suddenly pumps and dumps the market.

Yup, well said!

Both fundamental and technical analysis have their own significance and in some sense, they both go hand in hand. The more sources you have for fundamental analysis it helps you understand the sentiment of the market as well. A coin with fundamental issues won't have a good sentiment (unless meme) and similarly, a coin with bad sentiment is usually going to have some fundamental issues sooner or later

I am more of a fundamental analysis guy but I absolutely agree that technical analysis is just as important. It's just not my thing.

Yes, they are but I think their use cases will only depend if what we are doing. Like for example if we are trading, then it was mostly the TA's are the ones that traders are using. For investing, it was FA. It was only based on the majority, but of course we are still free if whether we are going to go against with them and choose whatever analysis we want, or just simply use both of them because after all, each of them aren't bad like you said earlier.

Each coin must have their own issues, including about fundamentals. Much more if we are talking about meme coins. But they aren't likely going to recover or fix their issues. Most of them don't even have a fundamental at all.

FA could be used on trading too on which it is something that you could also apply when you do make active trades and you could be basing up your position plus having those TA with the recent news that circles around the market. Yes, it could be hard to have both but making up some combinations and trying out to seek for some confirmation would really be solidly making your prediction or analysis will be that better which it is really that much more preferred rather than making yourself making positions without any solid basis. If we do speak about investment then getting in into the market wont really be that much of an issue since
you arent minding about on the duration on how long you would really be securing for profits.

Therefore, it would really be just that basing or depending on how you do make use of those technical analysis and of course this is something that you could really believe and make use.
If you dont trust up TA then what are the things that you do make use on making yourself that effective into this space? You cant really just make out positions without
any basis and this is where technicals would be relevant because using nothing will really just that pertain about pure gambling.

[Assface16678]

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 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.

True, that's why we rely on what the OP says—candlesticks or the chart that is being mapped using technical analysis. To answer the OP's question, do I believe in technical analysis? Yes, because that is the only way of analysing the market and seeing the potential position for gaining a profit, but of course it will depend on which technical analysis you are following, either from other traders or your own technical analysis. But the thing is, there is still no technology or way of predicting the outcome of the market because if there is, then there will be no balance if all will earn, so I still hope that no one will invent it, and I do believe that it is impossible as the market itself is unpredictable and will only move by how the transaction goes every day and every second. Just remember that not all technical analyses are correct; it's still good if you know how to do them yourself.