Quote from: Lanatsa on June 26, 2021, 09:36:19 PM

Quote from: ConnerDalfino on June 21, 2021, 10:50:05 AM

Sideways trends have proved that technical analysis doesn't always mean anything.

About a month ago we hit 30k, and TA is constantly predicting a breakout up or down, usually up, but instead the market crabs sideways, something only a few people predicted, and most of them didn't use technical analysis to figure it out.

TA is such a pointless endeavor in a market that is so controlled and volatile by the current BTC price action, especially if it is dependent upon the behavior of whales.

What do you think about it?

Pointeless endeavor? No its not and you would able to tell for yourself on how important this kind of analysis is because this market doesnt always react nor workout when you are just tending to make use of fundamentals.

You would really be finding for technicals to be that relevant when you do trade and make out investment into this market.It is way more better to have these kind of analysis rather than on making out positions without any basis because that surely talks about gambling.

Its just normal that analysis doesnt really work from time to time and thats not surprising because if this market had been working precisely with technicals
then for sure lots of us is already rich and making easy profits.

It seems that people forget that just as there are strategies to trade the markets when there is a strong trend, whether the trend is up or down, at the same time there are other strategies that allow you to trade the markets when they are ranging.

It is obviously something difficult to do as there is not a way to predict with 100% of certainty that a market is about to begin to range instead of showing a strong trend, but the accuracy is high enough for disciplined traders to make money on both market conditions.