Does technical analysis work in crypto trading?

[Dr.Bitcoin_Strange]

Well, while technical analysis could also help to give you (the trader) some hint in the trade, it doesn't guarantee that if you use technical analysis, you will actually make more of a successful trade. You also need to be familiar with the use and combination of some other trading tools, the use of indicators like the moving average, and their likes. You will also have to develop some good trading strategies; that's what will help you win the market, but even if it's not a 100% win, you will still experience some losses, but not as much as when you don't have as much knowledge about trading.

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[Dzwaafu11]

For all my 5 months in trading, I'm learning only technical analysis but now everyone is talking about the concept of "Smart Money". So I think that trading is changing and speculators should stop trading based on technical analysis. Or smart money just a concept that cannot possibly work in the market,

Technical analysis is a crucial technique for traders and can assist in trading as well. Technical analysis is not necessary for you to know, though, to be a good trader; other elements of trading are also necessary. It's excessive that you learned solely technical analysis for five months. In order for you to be able to trade, I believe you should also understand other things. Technical analysis isn't the most important thing to know while trading, although it does help occasionally. What strategies do you have for using technical analysis? That is the question here, because it also matters that you cannot trade without having your own strategy. 

Trading doesn’t change, and smart money is not what you are thinking, in my opinion, because what I understand by smart money is that when an individual or investor makes money from an investment using their knowledge or experience in the market, this investor can always be someone who is knowledgeable in the market and always has a successful investment. They always engage in research to gain knowledge about the market they will invest in.

[jeraldskie11]

For all my 5 months in trading, I'm learning only technical analysis but now everyone is talking about the concept of "Smart Money". So I think that trading is changing and speculators should stop trading based on technical analysis. Or smart money just a concept that cannot possibly work in the market,

I learned SMC two years ago through a mentoring program. It is tough to appreciate the learnings if you are new to trading and have no prior experience. SMC assists you in determining how the smart money interacts with the market. And because smart money is aware of this method, its win rate will decrease. That is why you must back test and improve your technique in order to improve your win rate.

There are no strategies that have a 100% success rate, and there are strategies that may not work for you but do for others, but I can promise you that technical analysis works in cryptocurrency since that's what I've been using in trading since then.

[tjtonmoy]

Technical analysis, fundamental analysis, sentimental analysis they all have their different uses in crypto trading. In technical analysis, we use historical data, chart, previous market movement patterns etc in order to predict short term market movements in the future. It is quite effective but not always accurate. Because other two analysis are also involved in the market.
With fundamental analysis, we need to see the potential of the project we are going to analyze. Who is behind the project, what could be the usage of this particular coin, who are providing the funds for the project and things like that needs to get analyzed. And based on that we buy or sell the coin. This is used for long-term investment plans.
Which sentimental analysis, it is also used for short term. It depends on investor's emotions or sentiment attached to the market. The thing we call hype or trend comes from this.

Learning only technical analysis on to make you the best trader out there. But it is a process you must learn and master. And then you can move on to other analysis. When you learn all of them, you can combine them to make your own strategy. Just because it does not work always doesn't mean you should not learn it. Keep learning it and you will see the result in the future.

[gabbie2010]

For all my 5 months in trading, I'm learning only technical analysis but now everyone is talking about the concept of "Smart Money". So I think that trading is changing and speculators should stop trading based on technical analysis. Or smart money just a concept that cannot possibly work in the market,

Smart money is just another form of technical analysis used to trade forex and crypto, I believe it's just an innovation from from the usual and common components of trading though incorporated with some modeling, it's good as a trader to keep abreast with the latest way of trading mostly now named ICT and that is exactly where I am presently diverting my attention to in learning trading, I had read series of tutorials and chart patterns with regards to Smart Money Concept and it really making sense having practice it on real chart and based on price patterns or history repeat itself, thus it would be of useful to you if you can learn Smart Money alongside technical analysis in the long run it's going to help your trading journey moreso also ensure that you practice your trading strategy.

[dunfida]

For all my 5 months in trading, I'm learning only technical analysis but now everyone is talking about the concept of "Smart Money". So I think that trading is changing and speculators should stop trading based on technical analysis. Or smart money just a concept that cannot possibly work in the market,

Technical analysis is a crucial technique for traders and can assist in trading as well. Technical analysis is not necessary for you to know, though, to be a good trader; other elements of trading are also necessary. It's excessive that you learned solely technical analysis for five months. In order for you to be able to trade, I believe you should also understand other things. Technical analysis isn't the most important thing to know while trading, although it does help occasionally. What strategies do you have for using technical analysis? That is the question here, because it also matters that you cannot trade without having your own strategy. 

Trading doesn’t change, and smart money is not what you are thinking, in my opinion, because what I understand by smart money is that when an individual or investor makes money from an investment using their knowledge or experience in the market, this investor can always be someone who is knowledgeable in the market and always has a successful investment. They always engage in research to gain knowledge about the market they will invest in.

Totally crucial and something that would really be relevant because we know that this market cant really be having some news most of the time on which means that you would really be needing to learn on using up these tools for you on having at least the idea on what you are doing comparing into those people who are really just that making up some guess with their trading and this is something which isnt really that recommended or something that would really be doing in the trades that you are doing. People do usually mess up on the time that they would really be having those kind of approach on which they do really believe that trading is something simple or something that they could really be able to handle it well. On the time that they are the ones who are really making up such trades then this is the time that they will really be making out those realizations.

Technicals might not really be that precisely could work on the time that you would be trading but this is something that  you cant really be able to ignore on making use of it on the time that
you do make out some trading positions. It is really just that a matter on how well you do make out your own decisions into this market.

[Gladitorcomeback]

For all my 5 months in trading, I'm learning only technical analysis but now everyone is talking about the concept of "Smart Money". So I think that trading is changing and speculators should stop trading based on technical analysis. Or smart money just a concept that cannot possibly work in the market,

It's great that you have been learning on technical analysis for the past five months in your trading journey. If you learned all basic and advance then I will recommend practical applying of check how it works. Technical Analysis still working because one of my friend only learned basic and using it in practical trading. I hear from him that results is good and he earning on daily base.

Although if you have a time the. you should also learn Smart money as this concept will adds more knowledge to your market understanding. Learning Smart Money will enhance your trading strategy. It's not about totally abandoning technical analysis but rather use both in your strategy for better results.

[AakZaki]

analysis is the most important thing before doing all those trades. even smart money requires analysis too. There is no trading just relying on bots without doing analysis first. Technical analysis is more about the use of indicators and combinations and various strategies. This will be useful for determining market prices and determining whether the trend will continue. In conclusion, all knowledge is important.

[borovichok]

analysis is the most important thing before doing all those trades. even smart money requires analysis too. There is no trading just relying on bots without doing analysis first. Technical analysis is more about the use of indicators and combinations and various strategies. This will be useful for determining market prices and determining whether the trend will continue. In conclusion, all knowledge is important.

Knowledge is important because it will save us from more problems and creates us opportunities to earn from the system with ease efforts. Though these Knowledge can not be gotten in a day or week, but with constant learning the basis of the market, everything will follow suits ans blend. Technical analysis work effectively in crypto trading and foreign market. We have only two main strategies in trading, they're fundamental and technical analysis and a trader must learn one of these strategy to ensure he or she is thoroughly grinded in the system.

[Peanutswar]

For all my 5 months in trading, I'm learning only technical analysis but now everyone is talking about the concept of "Smart Money". So I think that trading is changing and speculators should stop trading based on technical analysis. Or smart money just a concept that cannot possibly work in the market,

Learning technical indicators helps you with your trade including the knowledge of the market trends this serves you as your guide for the next move of the market but again, it doesn't mean that this is always inaccurate information, the market is volatile and people can easily make a manipulation in just single piece of information market trends will change and your plot. Try to find an ideal trading pattern suitable with your trading habit, and strategy. Practice makes perfect in trading its just an help to lessen the risk to gain profit.

[justdimin]

Well, while technical analysis could also help to give you (the trader) some hint in the trade, it doesn't guarantee that if you use technical analysis, you will actually make more of a successful trade. You also need to be familiar with the use and combination of some other trading tools, the use of indicators like the moving average, and their likes. You will also have to develop some good trading strategies; that's what will help you win the market, but even if it's not a 100% win, you will still experience some losses, but not as much as when you don't have as much knowledge about trading.

Not only 'could' but it was like the main dish here in trading. This is why I find the question of the OP funny. He said he is only learning TA or Technical Analysis. But what else does he need to learn? I mean in terms of analysis, it's okay to stick with it.

I still know that we need more than TA here. You already give a few of them in your post. Also he said, everyone now is talking about smart money, but why I haven't saw that here on the forum, or even outside/elsewhere? No OP, the concept of trading didn't change, but it was still the same. Though, the flow of the market now is changing because we are now approaching the bull season.

[synchronym]

op If you decide based on technical analysis then your decision will not be correct. Because technical analysis is not correct 60 to 70%. So don't make any valuable decision depending on technical analysis. Of course before trading you need to have enough knowledge about trading. If you don't have enough knowledge about trading then you cannot trade well.

[Nrcewker]

For all my 5 months in trading, I'm learning only technical analysis but now everyone is talking about the concept of "Smart Money". So I think that trading is changing and speculators should stop trading based on technical analysis. Or smart money just a concept that cannot possibly work in the market,

Technical analysis helps you to make better and quality decisions. It helps you to choose the best coins at best possible time. Though many of times it’s not accurate or up to the mark, but it really helps at some specific times. Moreover crypto trading and forex trading are almost similar, so if you do proper analysis of the market, then definitely you can make good profit from it. You need to be calm while trading and don’t greed for more profits.

[Beparanf]

For all my 5 months in trading, I'm learning only technical analysis but now everyone is talking about the concept of "Smart Money". So I think that trading is changing and speculators should stop trading based on technical analysis. Or smart money just a concept that cannot possibly work in the market,

Even on stock trading smart money works like a wild horse that defy technical analysis due to their capital size but technical analysis will usually work in normal trading scenario. This is why trader should always set a stop loss on their trade because analysis can’t guarantee 100% success rate.

The only advantage of smart money on crypto trading is they can manipulate the price of a certain token but you can always use this as an advantage by following the smart money moves.

[Jegileman]

For all my 5 months in trading, I'm learning only technical analysis but now everyone is talking about the concept of "Smart Money". So I think that trading is changing and speculators should stop trading based on technical analysis. Or smart money just a concept that cannot possibly work in the market,

Technical analysis still works but it takes time for you to understand them and know how to use them in the market. For what I will just say about this, don’t depend on technical analysis too much despite the fact that it has worked for many traders. Have your own personal approach in the market, then compare and utilize it together with the knowledge of technical analysis you’ve learned, that can help too. This is not an advise of a trading strategy, it is better to do more research and learn before using any strategies that works best for you.

[Yamifoud]

For all my 5 months in trading, I'm learning only technical analysis but now everyone is talking about the concept of "Smart Money". So I think that trading is changing and speculators should stop trading based on technical analysis. Or smart money just a concept that cannot possibly work in the market,

I don't know where you get that "smart money", I'm new to that.
But anyway, TA is very important in trading and a must to learn. This is a tool that would help us earn a profit and by analyzing the market trend, particularly on the coin we use to trade, we have an idea of when to buy/sell. It makes no sense to be in trading if you don't do this and even a simple analysis has an impact on our trade, how much more if really give more time doing this? However, this won't give us assurance that everything went well, losses are still possible.

[Johnyz]

For all my 5 months in trading, I'm learning only technical analysis but now everyone is talking about the concept of "Smart Money". So I think that trading is changing and speculators should stop trading based on technical analysis. Or smart money just a concept that cannot possibly work in the market,

Technical analysis will always work despite of a hyped market though in crypto, the trend always moves faster compare to other market. Many might not believe on this but if you do trade without TA, then expect to lose money right away.

The market is too risky, if you will not do your own research before you trade, you are just wasting your time and money here. Trading should be based on your TA and FA of course, there should be enough time for you to analyze before you place a trade, by doing this you are saving yourself from a big loss.

[Smartvirus]

For all my 5 months in trading, I'm learning only technical analysis but now everyone is talking about the concept of "Smart Money". So I think that trading is changing and speculators should stop trading based on technical analysis. Or smart money just a concept that cannot possibly work in the market,

The trading environment (market) isn’t controlled or traded by a single strategy neither do you approach your analysis with just technical or fundamental analysis only. You just might need both and with the other serving as some confirmer of the other. Just like some of the combine use of indicators.
The market continues undergo certain changes which remains unpredictable on analysis that works or strategies. You just do your most to ensure your not guessing on entry and exit points, learn from your mistakes and wins in the same way.

[goaldigger]

For all my 5 months in trading, I'm learning only technical analysis but now everyone is talking about the concept of "Smart Money". So I think that trading is changing and speculators should stop trading based on technical analysis. Or smart money just a concept that cannot possibly work in the market,

Definitely yes, TA works and I know a lot of traders who are making big money by doing trade and analyzing the price trend. You just have to find the perfect indicators that can tell you when to buy and sell, and you’ll be good.

There is no shortcut in trading, you have to analyze and smart money will not always be there. The moment you trade without any analysis, I consider it as gambling and the risk are high if you’ll do it.

[shinratensei_]

For all my 5 months in trading, I'm learning only technical analysis but now everyone is talking about the concept of "Smart Money". So I think that trading is changing and speculators should stop trading based on technical analysis. Or smart money just a concept that cannot possibly work in the market,

Definitely yes, TA works and I know a lot of traders who are making big money by doing trade and analyzing the price trend. You just have to find the perfect indicators that can tell you when to buy and sell, and you’ll be good.

There is no shortcut in trading, you have to analyze and smart money will not always be there. The moment you trade without any analysis, I consider it as gambling and the risk are high if you’ll do it.

the thing with TA sometime it can be a self fulfilling prophecy which isn't a bad thing since we are trying to make money off the market but sometime also could be wrong because sometime the market can be moving on its own and even getting some manipulation.
but yeah, when there's nothing else to hold on when trading, these TA should be coming in handy, at least it gives the prediction that other people are also doing, and sometime the TA works out just better than just purely speculating.
though in my opinion i would never rely too much on these kind of analysis and would instead see whether there are good news or not in the market thats gonna be coming out and whether there are some rumours, after all, i prefer to depend on my own insight on whether some certain coin gonna be rising or not based on the real thing thats happening around the world.
this method also saves me from losing too much on USTC collapse as well.