When it comes to technical analysis, stocks and money market traders are experts on this chart analysis. I don't really believe all the predictions and chart or technical analysis of many so-called trading experts. I have been in bitcoin many years already and all I can say is that bitcoin has its own movement and most of the time experts opinion and technical analysis does not happen.
Technical analysis does work, indicator and chart could be the tools to do analysis however chart and indicators are not the only things to determine the price, for stock the price does put a heavy focus on the technical analysis, but for crypto indicators is not that affecting, the one that affected the price is the supply and demand, so even if the indicator show downtrend but the investors want the other way, the price will still go up