According to market experts, around 50% of traders trust their instincts instead of relying on any form of technical analysis. This suggests that investors prefer instinct over technical analysis. The market expert Flood has claimed that it is high time people also use other complementary means of analyzing the market.
On a bold statement released on April 23rd, a user named @ThinkingUSD suggested that around 50% of traders would end up making more profit if they relied solely on their instincts, along with ticker prices. The same post also said that the market can do away with technical analysis as it does not offer the support that everyone thinks it does.
This immediately sparked a conversation in the community regarding the credibility of the statement. The statement was shared during a period of market downturn. Therefore, the statement resonated more with the investors.
Given the current market downturn, the statement is well-reasoned and makes a valid point. Many people anticipated a major bullish market in 2025. However, the market took a sharp downturn, and millions of dollars’ worth of digital assets were lost.
The assumption mentioned above was based on a plethora of data sets. Still, all the assumptions proved to be incorrect, and the market experienced one of the worst downturns of the decade. Therefore, it is time for people to move towards more organic analytical data that can provide better insights.
