Quote from: bootlace on December 08, 2018, 08:37:25 PM

Quote from: South Park on December 08, 2018, 08:19:29 PM

Quote from: xenomorphe1 on December 06, 2018, 11:22:36 AM

Yes, it works but not everytime. And as liquidity is very low, volatility is very high. There is also big manipulations with pump and dump groups and fake news to hype a coin.

Correct, and that is what confuses people, they think that technical analysis should work 100% of the time and that is simply impossible, technical analysis is a way to improve your predictions about what the market is going to do and a way to try to profit from those movements, that is all, even if you can only predict how the market is going to move 60% of the time that is good enough to get profits.

TA is not last true. it work definitely, I agree. But we should understand that it work not in the extreme conditions. For example panic sell or close to this state can't be predicted by TA. But if we add cluster analyse or some mass psychology it can be more exact

Technical analysis has its limitations, anyone that has took the time to actually perform technical analysis knows that, that is why becoming a successful trader is so hard, if making money in the markets was as easy as just following a few indicators then everyone will be making money in the market but since that is not the case then we can safely conclude that technical analysis is harder than it seems.