Post
Topic
Board Trading Discussion
Re: what is point of Tehnical analysis?
by
RokokGudangGaram
on 27/06/2021, 04:40:39 UTC
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?

No you're wrong technical analysis is not pointless it's that the market is really volatile and the technical analysis was not always followed. Most of the time the technical analysis were right that's why we always have support and resistance, retest, fake breakouts, etc. they are part of technical analysis too.