Quote from: Herbert2020 on December 05, 2018, 05:59:34 AM

Quote from: outsidertrader on December 04, 2018, 03:16:27 PM

Quote from: Herbert2020 on December 04, 2018, 06:38:17 AM

the problem with this kind of analysis is that technical analysis is completely worthless for bitcoin and right now the market is under manipulation which means everything you know and analyze becomes even more worthless!

in other words you can't predict what can happen by looking at lower highs, and higher lows and stuff like that. as for supports, i don't think we have any meaningful level anymore. anything can be broken and it can mean nothing.
and i think we will see this unpredictable market for at least another 3 months.

I dont Think so.

A good Technical Analysis will show you what side the market is been manipulated, and you wil follow the manipulation.

By my experience This market appears to be Much less manipulated than any other market, the imediate trend is quite predictable. I may say its easier to trade.

Technical analysis is there to predict the market not to talk about it after it happened. of course you can see the manipulation using TA afterwards but not before hand and that is what i am trying to say. when there is manipulation it means it is breaking every rule and because of that it becomes unpredictable.

as for comparison, comparing bitcoin to altcoins obviously it is far less manipulated. but comparing it to other bigger markets like stocks market bitcoin is very manipulated that is another reason for why TA won't work.

You are not a Trader and certainly not a Analist.

You are Wrong by the way.

Stock Market seems to be much more manipulated, any trader with experience can see that Bitcoin respects much more the TA than stock markets.

The reason is simple:

In the stock markets, as the fiat coins market or comodities, there are lots of big players, governements, hedge funds, bankers, lots of institutional money on it. This makes the Technical Analysis more difficult, you need to read the tape, News, be very attempt every time to play with those guys. And they use their money to manipulate the market, not to earn some pips for a day, there are lots of other interests behind. So its hard to play, but a good trader still able to do.

Bitcoin has not those players. Those ho plays BItcoin just want some pips, we are all playing for the same reason. You can try to manipulate this market using big amount of money, but anything could happen and you can lost it all, so big players do not play here, they dont want to risk losing their money for us, the small guys.

Technical Analysis do not predict anything. You are wrong again!

You must study.