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?
Technical analysis definitely works at this market, dont listen who says analysis dont work in this market. Especially I can suggest to you for learning moving averages, ma50 and Rsi are very useful for me.
I think that technical analysis does not work well in crypto due to small capitalization. The capitalization of the entire market is only 100 billion dollars and this is very small; large speculators can move the market in any direction. XRP a month ago doubled in just a few days. In which markets have you seen this? And this coin is the second in terms of capitalization.