Post
Topic
Board Trading Discussion
Re: Bitcoin Technical Analysis and Charting
by
Oilacris
on 02/12/2022, 20:51:11 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.


They are merely guides, that "may" help the "trader", but it isn't a crystal ball that can make you trade with 100% accuracy. If there was such an indicator, then why would the user share or boast about. He/she would keep it secret, and simply trade. The more traders that know/use of a profitable indicator, the effectiveness it has will go down because those traders would adjust and counter-adjust.

All analysis is just possibilities and predictions of the outcome. At any point in time, those analyses were not 100 percent accurate especially when the market is manipulated. Tho its important to know those tools, at least you can verify those signals and you can check and adjust your positions.
There's no such thing about 100% precision with these tools or indicators which these traders do commonly use but just like the rest been saying that having these things is much more better rather

on making up some trades without any basis or any tools that you are looking into.This is really just pure gambling if you do just set out your position without having those analysis that had been made up.
This market doesnt always have the news which could move out the prices which means that most of the time you would really be relying on reading up charts with
those indicator and tools which would really be giving out that picture on what are the things you should done at least.