that is why i never liked technical analysis. there are too many errors in the result of this so called "analysis" that makes it very unreliable. that is also why traders who use TA aren't all rich!
but at the same time i think it is not as bad as being random. there is still some good conclusions to be made from it. combining that with fundamental analysis and years of experience is the only way one can succeed in trading.
Okay, the above examples are for stocks, but it should be somewhat applicable to the cryptocurrency market. What do you think?
Bonus, notable argument by a skeptic:
no, never.
the problem with cryptocurrency market is the high level of manipulation. this goes as far as some coins being complete pump and dumps which means there is never any way of predicting their price unless you are the one pump and dumping it and even then it is hard to predict it with 100% accuracy because someone else may dump while you pump or vice versa.