What are your thoughts on the technical indicators and their utility in such a volatile market of cryptocurrencies. ( open to discussion )
I don't know how effective TA is really to the crypto market, most of the time its a hit or miss. So I don't take so much weight of those so called technical experts here but it's really fun to see how to put charts around and 'predicts' where the price will move in the future.
A good example that stuck in my mind is the sudden U-turn of China against crypto. Can TA predict be effective in predicting that? I don't think so. Maybe those analyst who have predict it along the way didn't know anything about the PBoC crackdown ahead of time so most probably they got it by pure coincidence, just saying.