Crypto market is completely different than usual forex market, those technical analysis may not be completely true in case of altcoin trading like in forex but it might help you to some extend. Hypes and Fuds have much larger effect on altcoin market.
This is really correct, technical analysis wont really matter on crypto trading because its different for forex trading.There are some things on crypto that cannot be determined on any technical tools which we do commonly used on forex it might work sometimes but I strongly believe they wont really be needed at all but still a good choice as using it as a tool specially on making some trendlines but for Fibonacci and other stuffs would be useless at all,honestly speaking.
Thanks for your opinion. So if TA is useless for trading altcoins, what is useful and what to use in order to make predictions as accurate as possible ?
Also, do you do altcoin trading?
Their is no charts for any trading of altcoins, first you have to read the details about the altcoin projects and its propectus and what is their goal to create this coin, and then how the developers are working on this project. because in the starting they can show you big roadmap but when it comes to reality they will fail and then the coin will soon get dumped and developer just run away.