Post
Topic
Board Trading Discussion
Re: what is point of Tehnical analysis?
by
dezoel
on 27/06/2021, 04:29:34 UTC
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.
You need to remember that both technical and fundamental analysis may go wrong when manipulations do happen. For example, any business which was running too good until pandemic, and then may started facing hard time due to lockdown and other pandemic related consequences; similar to this technical analysis and fundamental analysis may fail against hard manipulations of whales; individual traders cannot do anything against that.

Sideways trends have proved that technical analysis doesn't always mean anything.
In my experiences, sideway market is predictable and it will move as per exact technical things. If you are good in technical skills then you can easily make use of sideways market for short term trading to make quick profits.