Quote from: rexxarofmoknathal on Today at 07:13:01 PM

Quote from: babygun on June 20, 2020, 06:10:21 PM

I can understand what you are saying, but I will never be a fan of technical analysis. With graphs and lines you can prove anything. But you will have people who are pro TA and people who are against.
I haven't met anyone, who can make accurate analysis and predictions based on technical analysis.

I understand that technical analysis can be life-saying so to speak but I think this is not absolute. Technical analysis can only help up to a point and it would depend on who's doing the analysis as different people might read trends/charts differently.

Since this is a technical strategy which is probabilistic I personally rather use my knowledge in conjunction with the amount I'm prepared to lose, I never rely on analysis alone - I think this is a danger many traders fall into, while numbers can't like, numbers can be misinterpreted and its even worse when market volatility plays such a huge role.

When it comes to precision and accuracy then it wont really be fitting out here on crypto even TA's on forex and stocks doesnt really give out precise results but somewhat these kind analysis
can really help out on basing up on what would you gonna do on next trading position because if you do just making entries or exits without basis then we are just simply doing gambling.
Of course it wont really be reliable from time to time thats why it isnt really bad to look for another resource or analysis that might fit out into yours and this is how a versatile type of trader in the works.
Dont stick out on one, just continue to look up everything.