I've been thinking about starting to learn how to read charts and do some technical analysis for myself. The problem is I see it ridiculed on pretty much every forum and people saying it's useless for crypto.
What are your thoughts? Worthwhile?
It is very useful for crypto. especially in margin trading. You need to have a good knowledge of technical analysis to predict its price will increase or decrease in a short period of time.
In a cryptocurrency, by and large, technical analysis does not work. Here, the volumes of real trading are not so large that there is genuine technical analysis.
technical analysis is to predict the markets with some kind of tools such as indicators and the purpose we use a technical analysis is to predict the market with all the probability my friend,, so, we can set a stop loss level and profit taking level by using a technical analysis
for me its work in crypto