Does technical analysis work in crypto trading?

[EarnOnVictor]

Depending on your beliefs, but as of now, I believe some still use technical analysis to make decisions. It's not wrong, as everyone has their own trading strategy. Some signal channels also seem to use technical analysis to predict the market, so it's not a bad idea if you still want to learn and apply technical analysis for your trading needs.

But remember, no one guarantees 100% accuracy in technical analysis. There are still other conditions that render technical analysis useless, and that often happens. Market movements remain unpredictable, so proceed with caution.

It all depends on how you interpret a certain situation, because different traders see the same situation differently, and this will shape market expectations. I am inclined to believe that technical analysis works, but in order to use it correctly you need to understand the market very well.

In addition, you need to follow the news, sometimes this can be a determining factor for a market reversal, more so if these are some kind of local movements. For the global movement, news will not be a very significant factor.

You are right in most of your remarks about the technical analysis but you are taking it too far by relating the news to it, this is where most traders are confusing themselves. Technical analysis is the only analytical means that I know that can stand all alone, you don't need any news for it, just read your chart and you get to know what will happen in the market. But for the bad news and events that can't be foreseen, it's good for one to make sure they are managing their account properly, nothing can work perfectly in the market, so traders must always be managerial in nature which will give them the best they need in their trading. In addition, I love the technical analysis more because it helps one to see the reversal of the market pretty early so as to act accordingly, and also the correction/retracement and the trend of the market. Not only that, it helps one to see the short-term, medium-term and long-term trends of the market. This is so superb, and if I may ask, what type of analysis could do that if not this alone? I have been using it for a long and my trading results are fine with it. But when I try to relate the news to it, especially the scheduled news, it gets me confused more or gets me unnecessarily emotional.

[Inwestour]

Technical analysis is really useful to all traders who make a profit from trading. Even those who are studying know how to analyze a trading chart on a graph. And this can only be done if you have an understanding of the use of tool indicators.

And these indicators are not just a few; there are a lot of them that should be studied and learned by someone who is just studying crypto trading in this business industry. It takes a long time to really know and learn it; in short, it is not a joke to learn and study.

It’s not enough to just study all the figures and indicators, you need to be able to correctly interpret what you see on the chart, which is an equally difficult task. Yes, technical analysis works, and the longer you trade, the better you understand the charts, this all comes with experience, but in any case, technical analysis very often leads to the fact that it cannot give one correct answer, where the market will move next.

By the way, I haven’t met any traders yet, who would trade without technical analysis, you can try to do this, say, only on the news, but this will not be a full-fledged analysis.

[Mpamaegbu]

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 not, "that trading is changing", quoting your choice of expression there. It's just that modern traders are beginning to develop new concepts to challenge the market, so to say. What constitutes SMC – Smart Money Concept – have all been there years ago without anyone knowing they could be used to trade the market. Concepts like OB – Order Block, Value Gaps, Breaker Blocks, Market Structure and the rest of Market Shift, CHoCH and BoS, were all there all along.

As for whether TA works or not, I think crypto trading is mostly controlled by news than technicals. That's not taking anything away from the perspective of technical analysts. The market still makes use of such.

[Franctoshi]

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 works fine and everything that happens out there in the market both the news events are represented there in the chart, but the problem we as traders have is that we will always make trading mistakes in our analysis or our actions in the market, and that makes technical analysis seem not working perfectly, human emotions affects the direction of the market as trader will tend to react to the changing market as sudden events like war, bad economic news etc. unfolds, While on the smart money concept, I urge you to go study the Wyckoff schematic of method accumulation and distribution phase, you would realize that it plays out most of the time in the market.

Technical works both in the traditional market and in the crypto markets.

[Aanuoluwatofunmi]

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 works fine and everything that happens out there in the market both the news events are represented there in the chart, but the problem we as traders have is that we will always make trading mistakes in our analysis or our actions in the market, and that makes technical analysis seem not working perfectly, human emotions affects the direction of the market as trader will tend to react to the changing market as sudden events like war, bad economic news etc. unfolds, While on the smart money concept, I urge you to go study the Wyckoff schematic of method accumulation and distribution phase, you would realize that it plays out most of the time in the market.

Technical works both in the traditional market and in the crypto markets.

Not only technical analysis works in cryptocurrency trading and the fact that such is being used does not give the accurate conclusion to wether it could be the best of it all, we can also have some available alternatives in most times, it's in our new attempts on using any of the means or strategies in performing our trades that determines what we see in reflection of our kind of trade in consideration most times, we may just also needs to know much of ourselves than the other prediction analysis we may have.

[carlfebz2]

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 works fine and everything that happens out there in the market both the news events are represented there in the chart, but the problem we as traders have is that we will always make trading mistakes in our analysis or our actions in the market, and that makes technical analysis seem not working perfectly, human emotions affects the direction of the market as trader will tend to react to the changing market as sudden events like war, bad economic news etc. unfolds, While on the smart money concept, I urge you to go study the Wyckoff schematic of method accumulation and distribution phase, you would realize that it plays out most of the time in the market.

Technical works both in the traditional market and in the crypto markets.

Not only technical analysis works in cryptocurrency trading and the fact that such is being used does not give the accurate conclusion to wether it could be the best of it all, we can also have some available alternatives in most times, it's in our new attempts on using any of the means or strategies in performing our trades that determines what we see in reflection of our kind of trade in consideration most times, we may just also needs to know much of ourselves than the other prediction analysis we may have.

There's no such thing about accurate specially on dealing with a speculative market on which it would be just that normal that any analysis wont really be that precisely giving out that kind of result
which neither you would be right or wrong and there's no way on knowing it but at least applying out any analysis is much more preferred than making out some price entries without
any basis because it is really just that pure gambling. Trading does really need up that kind of approach on which it does really need up  that seriousness about it.You cant just make out entries
without any basis and this is why you would really be needing to plot those indicators.

Just like on what some people been saying that you could really get in line with it with some fundamentals if ever its really that available because technicals wont really be that effective
if there would really be having some news which it could possibly affect out the movement. You would really be able to experience for yourself
about those drastic changes and be able to know on what you should gonna do next.

[tvplus006]

Smart money refers to the capital that institutional investors, central banks, and other professionals or financial institutions control. It is managed by expert investors who can foresee market trends and make most of the profits. So it means that smart money traders trying to trade together with market-maker. Also they think that technical analysis is not working because it's very old.

First of all, technical analysis is used in their work by market makers and institutional investors, who, thanks to it, can assume further actions of market participants. And this knowledge helps them turn the market around contrary to the expectations of the majority, which allows them to direct the price to the level where liquidity is concentrated.

[Bitcoinpoly]

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 works on trading but nevertheless you need to know that your accuracy in Technical analysis is dependent on your level of expertise so you need to understand every bit of what you need to know before you start to do TA, regardless if you’re TA is not good enough you can choose to use copy trading or bot trading in order to help you have a smooth trading with lots of profits; Bitget exchange has both the copy trading and bot trading feature you can try it out.

[retreat]

I can say that technical analysis works in crypto trading, but it can also not work. This is because the crypto market tends to be more dynamic and unstable, which makes it more difficult to analyze using technical methods. Personally, I prefer to use news or fundamental analysis when trading crypto, because looking at the news is more reliable than just relying on analysis using tools that could be wrong.

[cafter]

smart money means traders or institutions who have huge capital to trade with, and other traders speculate and assume by seeing charts, and make possitions according to smart money.
it's all assumptions we cannot know about where smart money buy and sell.
TA is not very hard to understand because every indicator automatically works and give signals on trading view or charting software. so wasting 5 months to learn just this is not very good for you.
trade with small amounts it will give learn you more than that, and read some books on financial markets.

[Silberman]

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,

Those which are often referred as smart money also use technical analysis, it is just that they are better than the majority at using that skill, whether this is because their abilities are superior or because they are so powerful they can influence the market by themselves as it is the case of the whales, however make no mistake, as long as the market is big enough and it is not heavily manipulated then technical analysis will work on it, however this is not magic and a margin of error will always exist and your predictions could always go wrong from time to time.

[Litzki1990]

A trader must do technical analysis in trading. Technical analysis is very important in trading. The more technical knowledge we have, the better we can do from trading. However, we should not only do our technical analysis, but we have to follow some other things in terms of trading. Trading must be done according to certain rules and trading should be done when we feel that we have developed an adequate understanding of trading. Along with technical analysis, a trader needs to keep an eye on market movements by regularly monitoring charts, candlestick monitoring and be well versed in these matters. If a trader is well versed in these matters then he can definitely succeed in trading.

[milewilda]

A trader must do technical analysis in trading. Technical analysis is very important in trading. The more technical knowledge we have, the better we can do from trading. However, we should not only do our technical analysis, but we have to follow some other things in terms of trading. Trading must be done according to certain rules and trading should be done when we feel that we have developed an adequate understanding of trading. Along with technical analysis, a trader needs to keep an eye on market movements by regularly monitoring charts, candlestick monitoring and be well versed in these matters. If a trader is well versed in these matters then he can definitely succeed in trading.

Really that important because if you wont really be making use of technical analysis then what would be the thing that you would gonna do or make use of? Fundamentals?
We do know that not everytime this market does have those kind of sentiments on which means that it cant really be just that possible that you would really be applying out
this kind of trading just because you are really that believing that it would really be just that enough.

Thing here on making use of technicals is that it does really give out that kind of idea on where prices could actually go but it might that not precise but its something
that would really be preferred rather than on making trades and decisions blindly. Nothing beats out if you do make use of technicals rather
than on making positions without any basis.

[bocyaj]

Not only technical analysis works in cryptocurrency trading and the fact that such is being used does not give the accurate conclusion to wether it could be the best of it all, we can also have some available alternatives in most times, it's in our new attempts on using any of the means or strategies in performing our trades that determines what we see in reflection of our kind of trade in consideration most times, we may just also needs to know much of ourselves than the other prediction analysis we may have.

The technical analysis was the important in the crypto currency trading,because many people do random trades in the crypto currency and start to blame the project.At the beginning many people blame the bitcoin for the unstable price,but now the same was become the important one to buy the bitcoin at the some low price.The trader of bitcoin can cash out with some profit in the next pump in the future.But the other coins in the crypto currency was not same like bitcoin.Because bitcoin was oldest coin in the crypto currency,the demand was always huge for bitcoin.

A trader must do technical analysis in trading. Technical analysis is very important in trading. The more technical knowledge we have, the better we can do from trading. However, we should not only do our technical analysis, but we have to follow some other things in terms of trading. Trading must be done according to certain rules and trading should be done when we feel that we have developed an adequate understanding of trading. Along with technical analysis, a  trader needs to keep an eye on market movements by regularly monitoring charts, candlestick monitoring and be well versed in these matters. If a trader is well versed in these matters then he can definitely succeed in trading.

The trader who doesn’t spend time on the analysis was suffer lot with the loss in the crypto trading,bitcoin was totally different one.Because one can trade the bitcoin at any price,the next bitcoin pump will make to earn huge money in the future pump in the bitcoin price.

[Questat]

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,

Those which are often referred as smart money also use technical analysis, it is just that they are better than the majority at using that skill, whether this is because their abilities are superior or because they are so powerful they can influence the market by themselves as it is the case of the whales, however make no mistake, as long as the market is big enough and it is not heavily manipulated then technical analysis will work on it, however this is not magic and a margin of error will always exist and your predictions could always go wrong from time to time.

In the bottom line, Technical Analysis plays a key role in our trading career. However, this won't give us assurance that everything went well due to the volatility and unpredictable price trend of the market. Therefore, there is no easy money in trading, all of us must struggle with how to understand the behavior of the market and act accordingly based on our TA. If it fails, then we have to accept it rather than blame it because this is naturally happens in trading otherwise, we stop. Or improve our knowledge and skills...

[Litzki1990]

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 works fine and everything that happens out there in the market both the news events are represented there in the chart, but the problem we as traders have is that we will always make trading mistakes in our analysis or our actions in the market, and that makes technical analysis seem not working perfectly, human emotions affects the direction of the market as trader will tend to react to the changing market as sudden events like war, bad economic news etc. unfolds, While on the smart money concept, I urge you to go study the Wyckoff schematic of method accumulation and distribution phase, you would realize that it plays out most of the time in the market.

Technical works both in the traditional market and in the crypto markets.

Not only technical analysis works in cryptocurrency trading and the fact that such is being used does not give the accurate conclusion to wether it could be the best of it all, we can also have some available alternatives in most times, it's in our new attempts on using any of the means or strategies in performing our trades that determines what we see in reflection of our kind of trade in consideration most times, we may just also needs to know much of ourselves than the other prediction analysis we may have.

There is definitely a need for technical analysis in the field of studying. A trader can easily understand the market by doing technical analysis. There is no alternative to having a simple understanding of the market to be successful in trading. We all know that the market is changing every moment and sometimes the market changes by surprising us, at that time we have to analyze the market by ourselves instead of relying on technical analysis.Technical analysis can usually be done by considering the past and present but if there is a sudden big change in the market then this analysis will be wrong and manual analysis is required at that time. But having all kinds of ideas in the field of trading is definitely a very necessary task for a trader.

[Hamphser]

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 works fine and everything that happens out there in the market both the news events are represented there in the chart, but the problem we as traders have is that we will always make trading mistakes in our analysis or our actions in the market, and that makes technical analysis seem not working perfectly, human emotions affects the direction of the market as trader will tend to react to the changing market as sudden events like war, bad economic news etc. unfolds, While on the smart money concept, I urge you to go study the Wyckoff schematic of method accumulation and distribution phase, you would realize that it plays out most of the time in the market.

Technical works both in the traditional market and in the crypto markets.

Not only technical analysis works in cryptocurrency trading and the fact that such is being used does not give the accurate conclusion to wether it could be the best of it all, we can also have some available alternatives in most times, it's in our new attempts on using any of the means or strategies in performing our trades that determines what we see in reflection of our kind of trade in consideration most times, we may just also needs to know much of ourselves than the other prediction analysis we may have.

There is definitely a need for technical analysis in the field of studying. A trader can easily understand the market by doing technical analysis. There is no alternative to having a simple understanding of the market to be successful in trading. We all know that the market is changing every moment and sometimes the market changes by surprising us, at that time we have to analyze the market by ourselves instead of relying on technical analysis.Technical analysis can usually be done by considering the past and present but if there is a sudden big change in the market then this analysis will be wrong and manual analysis is required at that time. But having all kinds of ideas in the field of trading is definitely a very necessary task for a trader.

You would really be seeing its significance on the time that you would really be doing trading. This is the primary tool that you would really be needing for you to be able to handle up yourself
with this volatile market. You cant really just make some position without any basis or simply making those blind predictions on where prices would be going because you are really just
that basically doing gambling just like on what others been saying. Technical indicators might not work but doesnt mean that they are irrelevant on trading field and to know that these are
just basic tools that you would really be needing for you to survive this unpredictable space.

You cant just wander around and really having that kind of approach on making up some random guess about on where prices would go. Make yourself that wary
and you would be finding out its relevance one you are doing trading.

[ultrloa]

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 works fine and everything that happens out there in the market both the news events are represented there in the chart, but the problem we as traders have is that we will always make trading mistakes in our analysis or our actions in the market, and that makes technical analysis seem not working perfectly, human emotions affects the direction of the market as trader will tend to react to the changing market as sudden events like war, bad economic news etc. unfolds, While on the smart money concept, I urge you to go study the Wyckoff schematic of method accumulation and distribution phase, you would realize that it plays out most of the time in the market.

Technical works both in the traditional market and in the crypto markets.

Not only technical analysis works in cryptocurrency trading and the fact that such is being used does not give the accurate conclusion to wether it could be the best of it all, we can also have some available alternatives in most times, it's in our new attempts on using any of the means or strategies in performing our trades that determines what we see in reflection of our kind of trade in consideration most times, we may just also needs to know much of ourselves than the other prediction analysis we may have.

There is definitely a need for technical analysis in the field of studying. A trader can easily understand the market by doing technical analysis. There is no alternative to having a simple understanding of the market to be successful in trading. We all know that the market is changing every moment and sometimes the market changes by surprising us, at that time we have to analyze the market by ourselves instead of relying on technical analysis.Technical analysis can usually be done by considering the past and present but if there is a sudden big change in the market then this analysis will be wrong and manual analysis is required at that time. But having all kinds of ideas in the field of trading is definitely a very necessary task for a trader.

This is the mistake of other people since they only think about that they just need to define what good alts to trade then they are good to go and earn on possible altcoin choose to trade. They forgot that they need to analyze well how the market reacts on certain condition also check the stats or other necessary things needed so that they could get a better shot on each trade they do. Market is changing so we need to maximize each trade we do and we make sure that every decisions we drop have higher probabilities to gain from trades we do.

Market is unpredictable that's why we need to study well before going to trade since its really hard to commit mistake since it cost us some money if we lost and might it will hard for us to recover it since we might get a hard time to bounce back especially if the amount we lose is so huge that's why we always be careful on our trades.

[Barikui1]

I don't think their is anything that beat technical analysis when it comes to trading, it gives you a clear insight of the price the action and it possible next move, those people talking about smart money  are only saying it because they as institution they comes together to move the price of an asset to their advantage, unlike you and me that is a retail trader, that the best we can do if we want to be profitable is to analysis the market properly and moves according to the structure of the market.
 
You are just 5months old in the business, you really do have a lot to learn, with time you will learn the hard way, and you will stop listening to people that knows nothing about trading.

[Silberman]

I don't think their is anything that beat technical analysis when it comes to trading, it gives you a clear insight of the price the action and it possible next move, those people talking about smart money  are only saying it because they as institution they comes together to move the price of an asset to their advantage, unlike you and me that is a retail trader, that the best we can do if we want to be profitable is to analysis the market properly and moves according to the structure of the market.
 
You are just 5months old in the business, you really do have a lot to learn, with time you will learn the hard way, and you will stop listening to people that knows nothing about trading.

I often hear that TA does not work but where is the alternative? Where is this strategy that can allow a person to make more money than the traders which use TA and why we have never heard about it? And we have never heard about it because it does not exist, anyone that wants to become a trader needs to use TA, as even those that trade the news still have to make use of TA to know how much money to use when they open their positions and need to use it to know when to close them as well.