On the occasion of running out of money, I'm here to chat about Technical Analysis (TA) with everyone for fun :))

Many of you must still be a bit confused about TA, not understanding what it is? Is it correct? Does it help us always win?... So today I will start a series of posts about TA for everyone to ponder together!

Before diving into types of drawing trendlines or indicators, you need to understand one thing clearly: What is TA?

In simple terms, TA is the art of reading charts. You look at price, candles, volume, indicators... to predict future price trends.

In other words, TA is based on the assumptions: "History repeats itself" and "Everything has already been reflected in price."

This means: price going up/down is due to supply and demand, trader psychology – and these create patterns, traces on the chart.

For example: If the price often bounces from a certain area – then it is highly likely that next time it will also bounce from there => that is a support zone. Or if you see a long red candle after a series of green candles => it could be a sign of profit-taking, about to reverse.

Is TA fortune-telling?

Many people criticize TA as guesswork, meaningless. But in fact, TA does not sanctify anything, it is just a way to look back at the past to find probabilities for the future. No one is 100% sure, but using TA to make decisions with a higher winning probability – is enough to create profits.

For example, in chess: knowing where the opponent often moves, you have an advantage to react early. TA helps us see that signal early – even though it’s not certain, it’s enough to have an advantage over those who are "blind to the road." TA is a tool to read market behavior through charts, in the game of surfing waves, quick trading – TA is an essential weapon.

To survive out there – you must read the "language of the market," and TA is the way to read that language.