That is because the people on here that claim they are using technical analysis just take charts and draw random lines to match a theory to sound like they know wtf they are doing, or they give such absurd ranges (170-330 price target!) so they can't be wrong.
In theory why would TA apply to btc? None of the theories were created about btc. Would you follow a recipe a recipe for brownies while making cookies?
Some of the people aren't full of shit, but 90 percent of the self proclaimed btc analyst are.
Another idiot! Must be my lucky day.
EVERYTHING WITH A PRICE IS GOVERNED BY SUPPLY & DEMAND!
Capish idiot?