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Philosophy or Basic Reasons for Technical Analysis

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Philosophy or Basic Reasons for Technical Analysis in General Cryptocurrency Discussion_xx
There are three premises that underlie technical approaching:
  • Market action takes everything into account.
  • Prices move in a trend.
  • History will repeat itself.

You must understand that Technical Analysis does not provide a definite prediction of price. This only acts as the previous data analysis and predicts the potential results. Never assume what it is.

You must understand that there is no one absolute way to do Technical Analysis. Everyone has their own method, and there is no wrong or right here. As long as you succeed with your setup, no tools are considered wrong. Use other traders to observe / reference how they do analysis to find out what setup is best for you.

#1 - February 14, 2019, 07:41:24 AM


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