Post
Topic
Board Trading Discussion
Re: Bitcoin Technical Analysis and Charting
by
Natalim
on 02/12/2022, 09:12:18 UTC
At the present time, most of the technical analysis indicators do not work, for example, all moving averages have been broken during the past months, and therefore it has become useless to rely on them as points of support and resistance.
Therefore, publishing such analyzes is more waste of effort than benefit.
Very unfortunate but it is too hard to deal with the volatility of the market. And I really agree that these TAs are getting useless from time to time which makes no reason for us to believe in others' TAs rather than our own.
Traders are not reliant on TA anymore but rather have luck and follow their instinct. Because even if we spend a lot of time in the market, checking the chart, etc... sadly it only confuses us about what we gonna do next. This will tell us that trading is really hard and the direction of the market is very unpredictable.