Quote from: BitHodler on September 24, 2018, 12:04:18 PM

Quote from: Andrey123 on September 24, 2018, 08:59:34 AM

Bitcoin is useless to analyze.
All forecasts are correct only in the past.

That's certainly true, but the only thing traders can do is to increase the odds of their trades being potentially profitable by analyzing the data that's presented to them in the here and now.

It's safe to say that while technical analysis isn't going to help you consistently during your trading journey, it's still much better than blindly opening and closing positions from where you solely depend on hope.

It grants you better odds to some degree, but that's directly it. The majority of the analysis I have seen pop up here from people thinking to know what they are talking about have been wrong 9 out of 10 times.

I agree with you 100% on this answer, couldn't say it in better words!