Does technical analysis work in crypto trading?
Does technical analysis work in crypto trading?
For all my 5 months in trading, I’m learning only technical analysis but now everyone is talking about the concept of “Smart Money”. So I think that trading is changing and speculators should stop trading based on technical analysis. Or smart money just a concept that cannot possibly work in the market,
Luwis K Answered question September 12, 2024
Technical analysis can be used to trade, although it is not 100% accurate. I can even say that technical analysis is not 60 to 70% accurate. You need strategies to make sure that you do not have loss in trading than profit. Your analysis can not always be correct.
I will like to ask. What is smart money? I do not think this is related to trading
Gihan Wijethunga Answered question September 12, 2024