In the cryptocurrency market, indeed, technical analysis works as well. Many traders seen this. From this point of view, it is easier to work on this market. Although the risk is a big.
If technical analysis was that much of a thing, don't you think it would be a bit more reliable than it is right now for traders? I constantly see people refer to how important it is, but yet they fail to put it to work in a profitable manner.
If enough people believe it works, then it is more likely to work, but based on what's actually happening, it doesn't work at all despite people keep saying it does. In other words, people just rehash that what others are saying.
Overall, trading is less likely to be betting on a good outcome if you have
some technical understanding, but that's directly it. I have yet to see someone successfully put technical analysis to work during volatile market phases.