Is technical analysis really matter?
The short answer is yes, but it is not enough.
Let us not forget that technical analysis is a well-known science and is not limited to anyone, and we must pay complete attention that the market maker knows technical analysis as well and knows what the expectations of the majority of traders are.
He also has his own tools that the vast majority of traders do not have, and the main problem is that he is superior to traders in his ability to control and manipulate the market, whether the market maker is one person controls a specific coin or a group of people that coordinate their movements together by prior agreement.
So in fact, when the technical analyst who believes that technical analysis alone is enough for success (the ordinary trader, not the market makers) achieves success in a period of time, this is because that the market maker decided to leave a room for traders to make a profit and to bring new liquidity into the market and to not destroy the idea that profits can be made from this market, and then strikes his strike at the appropriate time so that he can obtain huge profits.
Therefore, if we take the spot copy accounts in Binance as an example, we can find that many lead traders achieve large profits, but they evaporate at a certain moment, which is the moment in which the market maker decides to violate the expectations.
In my spot copy account, I am fully aware of this point, and I know that technical analysis must be taken into account, but it is not enough. Therefore, I support my trading with a strict strategy to prevent falling into the market maker’s trap. You will find that my results are always rising, even if it is a slight increase sometimes, but it is a steady steps and without a huge and Scary drop in the portfolio.
If you are interested in Binance's spot copy trading, please take a look at my Lead Spot Copy Trading Account (👈 click here).
If you decided to join, all you have to do is to read the description under my copy account name, then join and wait without rush or FOMO because I do not trade randomly or based on the desires of the copiers or any emotions or FOMO because I have responsibilities towards those who trusted me and I must live up to their expectations.
Thank you for reading and I hope that I added something to your trading mindset.
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