Quote from: harizen on September 03, 2019, 09:37:41 PM

Quote from: happy man on September 01, 2019, 11:28:21 AM

in simple, my question is , does technical analysis work every time and can we predict every move using technical analysis or times when we should not predict price using technical analysis

Obviously, technical analysis will be one of your reference in making your future strategy. Just keep in mind that it won't guarantee you to work every time so don't rely mainly on it.

And yes, you can predict "some possibilities" by using technical analysis. However, here in crypto, no doubts that technical analysis does not always work most of the times due to the fact that crypto is heavily volatile. Even on a strong bullish run, you can always expect that something will spoil the momentum along the way even how properly backed-up a certain analysis is.

So what to do now? While looking for some technical analysis, also consider other factors such as current events, news, monitoring daily volume and even your "own instinct".

Couldn't agree more with you, there's no way technical analysis guarantee you to get a correct prediction all the time especially in an open market such cryptocurrency market where things could turned around 180° despite there a lot of factor supported based on the technical analysis to move onto certain directions yet there's a lot more to consider include how the media often affected traders to bring FOMO or FUD which it could changed everything and messed up your technical analysis.

So yeah it's just one of many way to predict the market movement that you should not always rely on but you might would use it often in the trading business besides fundamentals factors .. psychology factors etc