Hi I was wondering what the general consensus was on the use of technical analysis in making long term investments. I know short term day traders get allot of use out of it but if I'm investing in a project based on fundamentals does the technical analysis matter?
For me technical analysis can only be use for reference for long term investment in crypto coz there's a lot to consider for the value of crypto to rise and fall and main factor to consider is the sentiments of people. Like for example, many people using TA predict that btc will rise to $60K by end of this year but this seems to be unlikely now if we're looking at how market's performing due to several events that making people to sell like bitcoin ETF's delay of approval.