Does Technical Analaysis Work?

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short answer no
long answer not in the long run

Does astrology and moon runes?

what works?

Releasing new viruses to crash the economy at will

On established markets yes, on 3 day old uniswap shit tokens no

JPMorgan says millionaires don't need astrology, but billionaires do. You would be infinitely better off investing the time you will spend learning TA reading whitepapers and learning about how the mechanics of various things work and then investing on tokens will mechanics that will result in price rises as usage increases and has a high probability of being used widescale. Your entry doesn't matter much, short term price means nothing, and the idea that you will be able to read the future out of the "patterns" in the chart is ludicrous when no two charts are the same as price necessarily has a Time component that is impossible to account for.

TA is astrology for Men who like to gamble on the stars and success based upon it is nothing more than recency bias as almost all traders get burned. Not needed for investing. Just buy LINK

Why wouldnt it work?

geometric patterns? no
accum/distru is the most legitimate form of t/a

how do you identify periods of accumulation and distribution?

well if it worked, 90% of traders wouldn't be losing money

Experience is what works

Wrong.

Becase they belive it works and therefor they use it, but they dont understand how to use it.

what exactly must you understand?

works for me

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give a fuck about what jpmorgan says

does it stop working if you go lower than weekly/daily timeframes?

That TA is not math with only one right answer. Its at best creative directional guidance. Reason risk/reward is such a huge part of the game.

TA does not work. Meme magic does work though.

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so it doesn't work but it can give you decent profit loss/ratios? As in the entry is meaningless just as long as your winners are bigger than your loser?

It works for the people selling books about it.

It doesn't work for the people trying to apply it.

go shit somewhere else, pajeet scammer cunt

TA absolutely fucking works, you must have an IQ way below average if you're still not convinced of its effectiveness, after so many Zig Forums test studies

sometimes

It works in the sense that you can begin to use probability to help to manage your risk, and only if you are able to think like a machine and not like a human. Otherwise no.

if it's only about managing risk, then entries are meaningless. Just pick a direction and make sure that you stoploss is less than your take profit

only 50% of the time

There are patterns that you can see, but you are against professional traders and algorithms. You won't win over them. Day traders lose 90% of the time and beat index funds even less often. So if you already have money, put it in something without management fees like an index fund and if you don't have money wage slave or invest in something speculative like bitcoin or tesla.

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It does work very well to explain price patterns that happened in the past. It doesn't work to predict future because none of TA formations have very high probability of occurring. So there's a chance your price prediction based on TA will be right and actually your chance is better than just guessing, but not much better.

everything is based on past data, right? Aren't Hedge fund algos working off of past data?

Put it this way. You can go bet on a team playing and you have 50/50 chance of winning. Or you could do some research and figure out what team is better and now your odds are 70/30.

Thats TA.

isn't that fundamental analysis?

Try doing fundamental analysis on 4h candles.

Does fundamental analysis have any impact on how the price will be manipulated next 2-3 weeks?