1) I have seen some course about technical analysis, they explain those charts where it would have worked before, saying support brake resistance 'sell'
resistance brake support 'buy' and those chart patterns
2) when we must not use Technical analysis
in simple, my question is , does technical analysis work every time and can we predict every move using technical analysis or times when we should not predict price using technical analysis
Since price movement is completely depends on demand and supply and this demand and supply is not controlled by want the way we have in economic but it is controlled by manipulation and greed then you cannot have a perfect technical system but you must combine both technical, fundamentals, sentimental and risk in other to invest in this market. The last week events should be an eye opener for all of us . We have bitcoin break below strong support level and internet were full with the story that bitcoin is heading down but that did not happen rather bitcoin reclaimed it positions over $10,000 the day before yesterday and it is still going up.