Quote from: South Park on July 04, 2021, 07:46:38 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?

I think you do not know enough about TA, TA can be used to predict both market conditions and in the case of a trend to predict where it will go, does this means that TA is completely accurate? Not really, it is impossible to predict accurately what the market is going to do all the time, but the great thing about this is that you do not need it, the only thing you need is to predict the market conditions enough times and take advantage of those predictions, it is not easy but it can be done with enough knowledge and experience.

especially for short-term trading, where we must have the right time to get out of the market, because sometimes the market will reverse again and we lose the moment to sell. To do this, of course, experience in trading is needed, and every trader's intuition is different, so it's not uncommon for us to see even though the technique is the same but the profits are different, because every trader has their own psychology in seeing the candle move.