Good day traders, I would just like to ask what is the very effective analysis to use in trading? I've been using Technical Analysis in my trades and it's not 100% accurate.
If you're looking for a 100% accurate thing then you will never get one to use because NO such things are available.
I'm not an expert in trading so don't know to give you an exact answer to your question but in general it depends on many things like trade volume, trend lines, resistance and support levels, moving averages and market sentiment. Like this plenty of things need to consider but not always market moves as per these technical analyses because sometimes any small news can change complete calculations and markets can move opposite directions.
You are right, it is sometimes based on what others heard. I am very convinced that news is very powerful. When some of the big investors give news to what they are buying or what is the best ICO or best coins then some of the small traders and small investors will do the same.