Does Technical Analysis Really Work?

[Monarch B]

Not all technical analysis is helpful to us because most of the analyses we do do not favor what we see and observe in terms of price value. Maybe at another point, it can help when our
analysis matches the reading on the chart or graph.

In other words, he is helpful, so I think maybe around 40%. I just thought about it. Because the market is unpredictable, that's why I can say this.

Yes you're right, technical analysis not work properly, Most of time I falling the trap and get losses.

[GreatArkansas]

(....)
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.

For me, if you want to become a profitable trader, technical analysis is your friend. Because if you say psychological games then means you are gambling, its more likely you are relying on luck.
Maybe if something is wrong with your technical analysis, then you are doing it wrong, try to learn more and identify the problems you encountered, because for me  it's difficult to master technical analysis.

[Tigerheart3026]

i think Technical analysis & psychological analyze both of most important parts in the crypto trading, because trading is also psychological game, if you can't control your emotion then high possibility to loses everything, psychological analyzing can protect you from greed.

[Poker Player]

i think Technical analysis & psychological analyze both of most important parts in the crypto trading, because trading is also psychological game, if you can't control your emotion then high possibility to loses everything, psychological analyzing can protect you from greed.

I would say it is even more important than the rational of analysis and charts, and the OP has also pointed this out. What is not often stated in all the marketing of trading is the percentage of intraday traders who make money over the long term. They should be forced to put it big in every trading ad, covert or not. Things like psychology or that stop losses do not always work, are more important than a supposed system that they try to sell you and with which 95% of people or more lose money.

[Monarch B]

(....)
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.

For me, if you want to become a profitable trader, technical analysis is your friend. Because if you say psychological games then means you are gambling, its more likely you are relying on luck.
Maybe if something is wrong with your technical analysis, then you are doing it wrong, try to learn more and identify the problems you encountered, because for me  it's difficult to master technical analysis.

Of course I am always trying to learn something new. I'm taking a subject and making mistakes, learning, making mistakes and trying to learn something new.

i think Technical analysis & psychological analyze both of most important parts in the crypto trading, because trading is also psychological game, if you can't control your emotion then high possibility to loses everything, psychological analyzing can protect you from greed.

I would say it is even more important than the rational of analysis and charts, and the OP has also pointed this out. What is not often stated in all the marketing of trading is the percentage of intraday traders who make money over the long term. They should be forced to put it big in every trading ad, covert or not. Things like psychology or that stop losses do not always work, are more important than a supposed system that they try to sell you and with which 95% of people or more lose money.

I too have already lost a lot and am trying to learn new things to earn money from. In fact, it is very difficult to understand when the market will go up and when it will go down. I thought one thing became another.It's really sad that there is no end to learning so I'm trying harder to do better here.

[KingsDen]

Re: Does Technical Analysis Really Work?

Straight way answer to your question is Yes.  It does work but it doesn't work 100% independently. There's still need for fundamental analysis and sentiment analysis to win against the market.

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.

Do they actually learn psychology of trading? I think that comes naturally when you begin to have experience in trading. Psychological behaviour comes with accumulated experience and not necessarily learnt in trading.

[justdimin]

Technical analysis is important for traders to analyze the market but some people will trade and be losing in trading no matter the technical analysis and strategies they are using. Trading is not for everybody. If someone is losing in trading and trying ways to make money but seeing it not working and losing at long time, the person should quit trading is what that is best for the person. Trading is not easy as we think and the emotion we talk about is not easy to control at all. Thinking of trading can even be related to greed because traders prefer to look for money in short period of time like within some minutes or hours. Holding is better and holding means someone do not have greed like traders.

If a trader is doing technical analysis and using some strategy for trading and is still failing, it means that they are not doing something right and they need to evaluate their trading practices and not quit trading. Quitting should never be an option, one can improve over time if they are dedicated and determined to what they are trying to achieve, and trading is no exception in this matter. So, a trader shouldn't quit but they should learn more and practice.

There are a lot of people for whom trading might not work initially, but if they give up and stop doing it, they can never be success. Success becomes the faith of those who don't give up but keep trying and improving their skills. One can practice more and then evaluate themselves every time they start getting into the market.

[Adbitco]

If you witnessing any hard time in trading then you should look out for the coin you are trading, in most cases it's better to trade with those well known coin than trading with some newly birth coin where you would think to make all manner of profits along the line. If you trade with coin BNB, ETH and BTC you would definitely find it hard to undergo lost while trading because they aren't that manipulative to knowledge, watch carefully you would noticed that most of the people who trades bitcoin during bull run they seems to seize their operation because holding at moment is best preferable than keep trading nobody wants to lose their bitcoin at cause of trading to make profits. 

[Mpamaegbu]

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.

The reason you lose often is either because you allowed your emotions to becloud your readings of your trading strategy or your strategy isn't top notch. I admit that TA isn't 100% accurate, there could be lapses here and there but a good TA won't make you lose all the time. There's that 80–90% winning rate with a good technical analysis.

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.

They may have a lot of funds like you said but also remember that they also factor in their risk level to it. Without taking care of risk level or appetite, even huge capital will easily go to zero.

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

Psychological knowledge is just guts feelings. That's what gamblers use. Except you see trading as gambling, you won't want to resort to psychological mindset.

[lixer]

Reasonable. They are also looking for profit in market..

Hockey is also there but it doesn't always come all the time. Yes. In general, technical analysis is also necessary and the most important thing is the timing of market entry and that starts from graphical data and repeated events that we can see, both the pattern of changes in one week, 4 days and 4 hours and that is controlling the price movements and The main thing is to monitor the BTC price first. Apart from that, USDT savings are also required, at least always in our trading account.

Hockey? But, why is it involved here lol. What I know is it's a kind of sport and it was played in ice or snow but maybe you think ice or snow isn't always there but there must be an indoor place to retain them so that hockey can always be played at all times.

Trading on the other hand, can be done by a simple buying and selling so TA's can be optional and even if we include or do them, it won't still guarantee us a perfect trade at all times.

Almost all coins are most of the times dependent on the price of BTC, so your suggestion of monitoring the price of BTC is helpful to know if which actions we are going to make. The last suggestion you gave, might be for us to buy immediately. It's great as we know volatility in cryptos are high.

[RockBell]

Not all technical analysis is helpful to us because most of the analyses we do do not favor what we see and observe in terms of price value. Maybe at another point, it can help when our
analysis matches the reading on the chart or graph.

In other words, he is helpful, so I think maybe around 40%. I just thought about it. Because the market is unpredictable, that's why I can say this.

It might not work always but you can not still do without it because it is a tool you can not do without when you want to trade, it might not exactly happen the way you predicted it, but it reduces your chances of losing and also gives you better chance to make money to because if your prediction is accurate just imagine the amount of money you will make from it and those that put a lot of effort into the reading of the chart hardly lose money because there is a caution to be taking while wanting to trade, but holding is safer than trading because people that are seriously into trading, are those that do futures spot traders don't have anything to fear because mostly buy and sell they do not have any fear compare to people that are into futures. and people who run away from trading are those who do not want to study because you won't do well in trading if you do not study technical analysis.

[_BlackStar]

If you witnessing any hard time in trading then you should look out for the coin you are trading, in most cases it's better to trade with those well known coin than trading with some newly birth coin where you would think to make all manner of profits along the line. If you trade with coin BNB, ETH and BTC you would definitely find it hard to undergo lost while trading because they aren't that manipulative to knowledge, watch carefully you would noticed that most of the people who trades bitcoin during bull run they seems to seize their operation because holding at moment is best preferable than keep trading nobody wants to lose their bitcoin at cause of trading to make profits.

Basically each coin has its own price volatility, regardless of its high or low - but trading for the top coins allows traders to make better analysis due to their fundamentals. New altcoins are generally still influenced by hype especially as the team is aggressively developing the project - but over time their trading volumes will drop drastically and in many cases price manipulation such as pump and dump schemes is common.

But of course it is not a problem if traders can consider the risks for their respective coins of choice, we are never responsible for profits and losses. They can make analyzes and trade with their own strategies - but giving them advice is not a problem.

[Xampeuu]

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.

In my opinion, trading science is divided into 3 parts, of course the biggest is psychology, and the second is money management, and the smallest that determines trading success is technical analysis. Technical analysis is not unimportant, because most people look for the best techniques for trading, even though analysis is our way of getting a measurable framework so that we can minimize risk, and of course our portfolio can run according to logical targets.

[adpinbr]

Yes, Most of the people that usually succeed in trading and make huge profits from the day to day Trading or stocking dear capital, this is because the people that usually make this kind of profits is that the start Trading with a huge capital that enable them make little profit out of it and this is because they are capital is more and they started trading with good capital so delete profits they make from the capital cannot be compare with someone that started trading with small capital, in general, most of the Trading is been analyze by the previous Trading, and following the trending and the current situation of the market before they put in their capitals. I usually are  known this very well that most people take signals from the current situation of the market I’m following the trends and what is actually going on on the market. This is what a beginner trade have to take Notes, trading is more better when you understand the movements of the particular trades you are going into and make sure you always ask questions and following the market, this is what happens to Trading with a little capital, you make little Profit out of it meanwhile, a different person that starts the same trading with huge amounts make the same profit but since the capital is much, they make more profits than you that started trading with small capital

[stomachgrowls]

Not all technical analysis is helpful to us because most of the analyses we do do not favor what we see and observe in terms of price value. Maybe at another point, it can help when our
analysis matches the reading on the chart or graph.

In other words, he is helpful, so I think maybe around 40%. I just thought about it. Because the market is unpredictable, that's why I can say this.

It might not work always but you can not still do without it because it is a tool you can not do without when you want to trade, it might not exactly happen the way you predicted it, but it reduces your chances of losing and also gives you better chance to make money to because if your prediction is accurate just imagine the amount of money you will make from it and those that put a lot of effort into the reading of the chart hardly lose money because there is a caution to be taking while wanting to trade, but holding is safer than trading because people that are seriously into trading, are those that do futures spot traders don't have anything to fear because mostly buy and sell they do not have any fear compare to people that are into futures. and people who run away from trading are those who do not want to study because you won't do well in trading if you do not study technical analysis.

Totally inevitable i should say on which there's no way that you could really be able to make yourself hover on doing or making trades without having technical analysis is surely gambling or something we should say
that they are really just that making trading positions on pure intuition or pure guess on which we know that it isnt really something recommended. This is why it would really be that better that you should make use of TA
whenever you do hover yourself into this market. You cant really just that survive on just pure guess or without using up these tools. You would really be finding it relevant for you to learn up these things
so that you do at least know on what you are doing.

Just like been said that not all the times on which people would really be able to see some fundamentals or news around on which you could really make use of it.
Dont tend to have those kind of approach on making something that wont really be beneficial for long term. You might be able to make some winning or profitable trades without having much
use of TA but that wont took long, sooner or later you would really be able to see its relevance.

[Monarch B]

Re: Does Technical Analysis Really Work?

Straight way answer to your question is Yes.  It does work but it doesn't work 100% independently. There's still need for fundamental analysis and sentiment analysis to win against the market.

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.

Do they actually learn psychology of trading? I think that comes naturally when you begin to have experience in trading. Psychological behaviour comes with accumulated experience and not necessarily learnt in trading.

Great answer. So now I'm just focus on my Goal.

[synchronym]

Of course you need to have a long term plan when investing in Bitcoin. It doesn't matter how much money you invest but you should always try to invest for the long term. Of course, you need to acquire enough knowledge about investment before investing. If you don't have enough knowledge about investment, then you will not be able to properly analyze the market, in which case you will not be so successful in investing, and there will be a possibility of loss. But if you want to invest in bitcoins you should always have a long term plan, be patient and check the market and invest for a long term if you can invest like this then you can definitely succeed in investing.

[Hypnosis00]

Technical Analysis has its purpose but for some reason, it was a failure for some traders because of the wrong basis of analysis. It was not just price charts but also we consider their news and market events as they are also influential on the market trend. Of course, there is no such thing as perfection but at least doing this right will give us a chance to earn rather than trade with no basis.

Of course, it never works for all traders because not all are using the same trading pairs and not all are doing this at the same time. It is exactly to ask why some make a profit while some have a loss, it is because not all have the same idea and strategies, and it varies on their actions and decisions.

[Luizwalter Crypt]

In a bull market, I think the TA may not work at some point, it follows certain behavior as the market reacts to the sentiments but TA does work in most cases when the market goes sideways or even in the bear market.

The only psychological in trading is controlling the trader's greed which is why most advice says don't be too emotional about it. Sometimes when a trader can't wait for the right price and just keeps buying and not knowing why, he'll end up losing.

TA  means: Technical Analysis.

Yes I will keep your words in mind that greed must always be controlled I am like this.

Think I've taken a trad and that trade is profitable but at that point I'll be craving more to make a little more profit. Just after a while it will be seen that my profit amount is decreasing little by little.  

Again when there is no trade maybe or going towards loss my stop loss is close to what is given then fear works in the mind which comes out little by little. Maybe I got out and then the market started to go up again. That kind of risk works in my mind.  

Maybe that's why I haven't been able to set my mind till now. Thanks for your feedback.

Technical analysis is important and it works though that's not all, maybe you should be getting intouch with news from the crypto market after which you back it up with your analysis and you trade.

And when you analyze stick to your plan no matter what. Study the best areas to place your stop and tp very important.for me I do increase my stop lose a little and reduce my profit margin because I discovered most of my trade hit sl and play out perfectly afterwards while some trades to my tp region and bounces back. So discover what works perfectly for you and try doing it exactly all the time it might help.

[tygeade]

Technical analysis is important and it works though that's not all, maybe you should be getting intouch with news from the crypto market after which you back it up with your analysis and you trade.

And when you analyze stick to your plan no matter what. Study the best areas to place your stop and tp very important.for me I do increase my stop lose a little and reduce my profit margin because I discovered most of my trade hit sl and play out perfectly afterwards while some trades to my tp region and bounces back. So discover what works perfectly for you and try doing it exactly all the time it might help.

That bold part is so important, most people do technical analysis but they do not end up sticking with it, they see what they should do and they realize what would be better for them and yet after a while they end up with something wrong, which they shouldn't really be doing. I personally believe that we could make a lot more money if we were a bit more robotic or bots are just a bit more human.

A combination of both is a lot better, bots do not see the news and calculate that unfortunately, it just looks at the chart but chart and rumours go hand in hand together, we see the rumours AND the charts but we fail at sticking to it in the end. This is why we end up making a loss just because we didn't stick with it.