Does Technical Analysis Really Work?

[Dr. Strange]

If you want to trade any coin then you must do technical analysis because if you don't do technical analysis then you will know how to pump up or down this coin. From my personal advice I can say that when I am tating, first of all I do technical analysis of the coin I select and try to understand the market readiness because if I can't analyze properly then I must face loss. But in investing, more analysis is required because fundamental analysis is very important along with technical analysis.

[Ben Barubal]

If you want to trade any coin then you must do technical analysis because if you don't do technical analysis then you will know how to pump up or down this coin. From my personal advice I can say that when I am tating, first of all I do technical analysis of the coin I select and try to understand the market readiness because if I can't analyze properly then I must face loss. But in investing, more analysis is required because fundamental analysis is very important along with technical analysis.

     Many of our communities do technical analysis in this field of the crypto space. And the problem is that the analysis is wrong, so the result is that they lose their strategy or their assets get stuck. You know my point.

     In short, it doesn't help either. But if the analysis we are doing is correct, obviously the result is helpful; it's that simple to understand, right? If we look at it literally, it seems that it is easy to analyze, but if we do not have an idea about the use of indicators, it will be difficult for us to get a proper analysis in the end.

[jrrsparkles]

I am seeking the opinion of the experienced and voicing my opinion.

I think if a training is 100% for learning, 1% of it is technical analysis and the rest 99% is psychological games..Because I have been learning and trading technical analysis for a long time but mostly I lose. I am still learning after that. I've noticed lately that big investors can handle trading as they please. Because they have a lot of funds, if they take a small amount, they take big trades and destroy it. In which case technical analysis is not enough. And I think psychological analysis plays a big role along with technical analysis.


But I don't have any psychological knowledge about trading. Looking for expert opinion on psychological mind set.

TA might work but not all the time, even you will get different results when you use different combinations of indicators so that's how the technical analysis works and it's just an assumption of how market moved based on how market moved. Psychological knowledge is pretty simple, just buy low and sell high which needs patience and obviously you will acquire over time so don't think trading as your main source of income since it's impossible to have consistency in the results that will relieve the pressure on your head and will make you decide better moves.

[Monarch B]

I am seeking the opinion of the experienced and voicing my opinion.

I think if a training is 100% for learning, 1% of it is technical analysis and the rest 99% is psychological games..Because I have been learning and trading technical analysis for a long time but mostly I lose. I am still learning after that. I've noticed lately that big investors can handle trading as they please. Because they have a lot of funds, if they take a small amount, they take big trades and destroy it. In which case technical analysis is not enough. And I think psychological analysis plays a big role along with technical analysis.


But I don't have any psychological knowledge about trading. Looking for expert opinion on psychological mind set.

TA might work but not all the time, even you will get different results when you use different combinations of indicators so that's how the technical analysis works and it's just an assumption of how market moved based on how market moved. Psychological knowledge is pretty simple, just buy low and sell high which needs patience and obviously you will acquire over time so don't think trading as your main source of income since it's impossible to have consistency in the results that will relieve the pressure on your head and will make you decide better moves.

So you are saying that besides trading I need to have additional source of money.. Although I don't do it professionally yet, I'm still trying to learn it. Already it has created a lot of hype that trading is very easy. But i think not. But presenting it so easily that new traders are coming in and losing their money..

[jrrsparkles]

I am seeking the opinion of the experienced and voicing my opinion.

I think if a training is 100% for learning, 1% of it is technical analysis and the rest 99% is psychological games..Because I have been learning and trading technical analysis for a long time but mostly I lose. I am still learning after that. I've noticed lately that big investors can handle trading as they please. Because they have a lot of funds, if they take a small amount, they take big trades and destroy it. In which case technical analysis is not enough. And I think psychological analysis plays a big role along with technical analysis.


But I don't have any psychological knowledge about trading. Looking for expert opinion on psychological mind set.

TA might work but not all the time, even you will get different results when you use different combinations of indicators so that's how the technical analysis works and it's just an assumption of how market moved based on how market moved. Psychological knowledge is pretty simple, just buy low and sell high which needs patience and obviously you will acquire over time so don't think trading as your main source of income since it's impossible to have consistency in the results that will relieve the pressure on your head and will make you decide better moves.

So you are saying that besides trading I need to have additional source of money.. Although I don't do it professionally yet, I'm still trying to learn it. Already it has created a lot of hype that trading is very easy. But i think not. But presenting it so easily that new traders are coming in and losing their money..

Having trading as your main source of income is extremely risky and jeopardize your future if bad trades knock your capital value and also the pressure of making profits will actually make things harder than it actually is. You can see people claim that they made 10K with their 1K capital in just one month but it's possibly a lie to lure you for selling their trading course or paid signals which are absolute shit.

[johnsaributua]

Youtube is not all garbage, for me there is quite good even though I have to be careful. and I prefer to see the live trading of these content creators. If you pay for their analysis and think that trading can be optimized, maybe there is some truth to it, but I would rather anticipate capital with the possibility of a small profit it will be more effective than the other way around, forcing to buy training but draining more capital there. Technical analysis sometimes goes against the laws of nature and I prefer the coin scenario that I am able to read, nothing is accurate but with enough capital it will have resilience even though within 1 month there is a minus but many can also recover these shortcomings.

For psychological, for me it will be easy to deal with small losses with large capital, rather than small capital and spend and certainly cannot trade again after that.

[Yamifoud]

Eumm.. it doesn't seem to work for most coins, especially coins with low liquidity. Even for Bitcoin, it is only suitable for long-term analysis, because until now I believe more in market manipulation than in technical analysis. It's a little crueler, but it's true, no matter how clever we are at drawing charts, believe me it won't guarantee good accuracy in the short term.

In bullish and bearish moments such as high candlesticks in one day, it is really not in control of the picture on the chart. But more often it is present because something special is happening at that time.

TA is not made for perfection but just still a sort of market speculation but with some basis which is much better than speculating based on rumors. At least, having price charts helps us understand the situation. Whether it is for Bitcoin or altcoins, TA is very important in trading. We just imagine why this trading tool exists which obviously means that successful traders just tried to share their way of trading. If they see how it works, I don't think we just ignore it and never use it, especially for newbies.  

Sometimes they caught up with ideas that there are people so good with doing TA and they can earn 100% on each of there trade. And usually they fall into those scams especially if these people pretend to be an expert ask some investment and promise that they can also earn just riding with their trades. People need to know that market is unpredictable so however good you are doing those TA there is still mo guaranteed profit for anyone. Although its good that we know how to do that since we have good basis to use or for see what is the next possible movement could possibly happen on bitcoin or other coin they are trading. To bad if they ignore it since they can learn a lot from this especially if they want to engage on daily trades.

That is the point of making TA one of the important tools in trading that a trader must learn. We ain't to be 100% assured of profit returns but at least we have a bigger chance which is somewhat important in trading. Otherwise, we just consider trading as gambling and we only rely on luck. In fact, this commonly happens now because most traders enter trading with empty knowledge and some of them even rely on signals coming from (fake) experts. Unfortunately, they blame the market for their losses and mistakes which are supposedly for themselves. 

[AmoreJaz]

Youtube is not all garbage, for me there is quite good even though I have to be careful. and I prefer to see the live trading of these content creators. If you pay for their analysis and think that trading can be optimized, maybe there is some truth to it, but I would rather anticipate capital with the possibility of a small profit it will be more effective than the other way around, forcing to buy training but draining more capital there. Technical analysis sometimes goes against the laws of nature and I prefer the coin scenario that I am able to read, nothing is accurate but with enough capital it will have resilience even though within 1 month there is a minus but many can also recover these shortcomings.

For psychological, for me it will be easy to deal with small losses with large capital, rather than small capital and spend and certainly cannot trade again after that.

One should know how to filter their resources so you will not be in the misleading step. But with the aid of so many online resources these days, you will already understand which ones are fake and just doing it for the sake of views or money. Definitely, you need to equip yourself with right knowledge in trading, so you will understand if the creator is indeed making any sense of what he's doing. Don't be too gullible with what you are seeing over cyberspace.

[husencoe]

I think technical analysis is still very important in trading. But in Crypto, fundamental analysis is more prominent in price movement. I don't care about any analysis technique, I'm after is the trend movement on the curve. I will do analysis at different time period to see if it is major or minor, and if I see a signs I will take an action. But, when my prediction was wrong in turn, I just cut loss and take other opportunities.

Doing technical analysis not easy when you face it. You must learn step by step until you got your trading style. In other situations, we must move quickly to get a moment. Do it slowly and control your emotions, don't run wild and greedy. We must fleksibel on doing analysis, and always learn to try other options of technical analysis so will give you god base.

[o48o]

I am seeking the opinion of the experienced and voicing my opinion.

I think if a training is 100% for learning, 1% of it is technical analysis and the rest 99% is psychological games..Because I have been learning and trading technical analysis for a long time but mostly I lose. I am still learning after that. I've noticed lately that big investors can handle trading as they please. Because they have a lot of funds, if they take a small amount, they take big trades and destroy it. In which case technical analysis is not enough. And I think psychological analysis plays a big role along with technical analysis.


But I don't have any psychological knowledge about trading. Looking for expert opinion on psychological mind set.

That's a hard question to answer, and i guess it depends on what you mean by it "working".

Sure, you can use it as a tool, but it's not an exact science, or even close to it

History of the market action can be splitted to several different indicators, that can be used in several ways. But what's the right way to do that? I see everyone interpret the chart on their own way.
And since there are several ways people do it in very different ways, it's really hard to figure out if those indicators or combinations of them actually work even for that 51% of the time. Different marketcaps and different assets, different kind of charts and timeframes can behave differently from each other.

I personally haven't even looked any indicator probability data, and couldn't say if my TA was off, or if wrong outcome was just bad luck, because losses fit into that probability of losing (that always will exist).

What i believe is true, is that majority of people are somewhat stupid and behavior of masses is always somewhat predictable.  I couldn't say how accurate that would be though, but i believe it's a possibility to predict it. .

Some people will tell you that TA won't work when there's one person that can bring the market down, and while that's true, that means there's a slight change that will happen, and it will be calculated to the probability. But that doesn't prove TA itself wouldn't work.

[gabbie2010]

I am seeking the opinion of the experienced and voicing my opinion.

I think if a training is 100% for learning, 1% of it is technical analysis and the rest 99% is psychological games..Because I have been learning and trading technical analysis for a long time but mostly I lose. I am still learning after that. I've noticed lately that big investors can handle trading as they please. Because they have a lot of funds, if they take a small amount, they take big trades and destroy it. In which case technical analysis is not enough. And I think psychological analysis plays a big role along with technical analysis.


But I don't have any psychological knowledge about trading. Looking for expert opinion on psychological mind set.

Fundamental Analysis is the driving force of the market that means you have to get latest updates about the trending news of the market to know the overall market sentiment whether bullish or bearish, thereafter technical analysis comes into play a positive fundamental news means you should always buy based on TA and a negative news means selling, in case of psychological aspect of trading it's an individual training way of controlling emotions in trading it's also a very vital aspect of trading which a lot of traders usually ignored infact some experience traders usually paid for the service of psychologist to work on them with regards to their trading.

[Monarch B]

I am seeking the opinion of the experienced and voicing my opinion.

I think if a training is 100% for learning, 1% of it is technical analysis and the rest 99% is psychological games..Because I have been learning and trading technical analysis for a long time but mostly I lose. I am still learning after that. I've noticed lately that big investors can handle trading as they please. Because they have a lot of funds, if they take a small amount, they take big trades and destroy it. In which case technical analysis is not enough. And I think psychological analysis plays a big role along with technical analysis.


But I don't have any psychological knowledge about trading. Looking for expert opinion on psychological mind set.

Fundamental Analysis is the driving force of the market that means you have to get latest updates about the trending news of the market to know the overall market sentiment whether bullish or bearish, thereafter technical analysis comes into play a positive fundamental news means you should always buy based on TA and a negative news means selling, in case of psychological aspect of trading it's an individual training way of controlling emotions in trading it's also a very vital aspect of trading which a lot of traders usually ignored infact some experience traders usually paid for the service of psychologist to work on them with regards to their trading.

Then I should follow every Crypto Currency Twitter account. To be informed about the latest news all the time. This will increase my success rate a little more.

[Kingperry22]

it's condescending to think that technical analysis alone predicts or dictates the directional bias of the movement.
Another relevant issue is the best timeframe that this analysis tends to work.

Looking at technical analysis without the fundamentals can place one in a zone of fugazi where your liquidity will be eaten by big sharks all because you were on the wrong side without studying the fundamentals.

However, Technical analysis combined with fundamental analysis has proven to be the best way. there are other fundamental and economic outlooks like time which are now essential.

[Bravut]

I am seeking the opinion of the experienced and voicing my opinion.

I think if a training is 100% for learning, 1% of it is technical analysis and the rest 99% is psychological games..Because I have been learning and trading technical analysis for a long time but mostly I lose. I am still learning after that. I've noticed lately that big investors can handle trading as they please. Because they have a lot of funds, if they take a small amount, they take big trades and destroy it. In which case technical analysis is not enough. And I think psychological analysis plays a big role along with technical analysis.


But I don't have any psychological knowledge about trading. Looking for expert opinion on psychological mind set.

 Technical Analysis works.
Technical Analysis has to do with the strategy you use to trade, you losing means your Analysis isn't right or your approach to the market is wrong.
Trading isn't all about Technical Analysis but every move in the market revolves around it, Psychology has to do with our emotions (Fear,greed,FOMO) all this affect us as traders, what we need do is to balance it because it can't be eliminated.
 Psychology doesn't exist without an edge, if a trader has a working strategy and uses proper risk management even he loses a trader, his mental health will still be balanced but when you are not inclined technically, practising poor risk management, that trader will surely blow his account.
  In essence before talking about Psychology, make sure you have the right approach to the market.
If that's not the case is just trying to be mentally fit after failing exam on a subject you know nothing about, if the reverse is the case you won't fail, even if you fail you will know your errors and surely bounce back in another one so is Psychology without Good Technical Analysis.
    Good technicals,proper risk management, psychology makes a good trader.

[lixer]

Then I should follow every Crypto Currency Twitter account. To be informed about the latest news all the time. This will increase my success rate a little more.

There is nothing wrong in following certain people on social media platforms to gather knowledge and information, but you need to remember that not everything you see or read on the internet is true and not every information is correct, so you should always have multiple sources to check the information that you find to be sure about the authenticity of the information and knowledge shared by anyone through any social media handle.

Talking about the success rate in trading, it is dependent on how you manage your trading activities. You should never be in a rush to make many trades in less time thinking that would earn you more money, it doesn't work that way. So, make sure that you are making trades where you have calculated the risks involved and know that the outcome wouldn't be too severe if it's negative.