Sideways trends have proved that technical analysis doesn't always mean anything.
About a month ago we hit 30k, and TA is constantly predicting a breakout up or down, usually up, but instead the market crabs sideways, something only a few people predicted, and most of them didn't use technical analysis to figure it out.
TA is such a pointless endeavor in a market that is so controlled and volatile by the current BTC price action, especially if it is dependent upon the behavior of whales.
What do you think about it?
It really finds be useless if we never know how to use and apply it to our daily trading life. Yes, it wasn't accurate nor to say that it is a need to make it right all the time because the truth is that we can't make it perfect due to the market volatility. I understand it having TA on your side is pointless and makes no sense but for the others (just like me), it is really helping me. I know the limit of our technical analysis and it was you also how to adjust the situation where our TA's isn't effective.
I am a big fan of TA I had been using it for trading for long I used with few indicators coupled with Price Action although fundamentals drives the market however versed traders knows how to use TA and make profits consistently it very obvious we are in a bearish market experienced trader utilizes TA to short trades thus making profits.
My own way of using TA is based on price action at a support or resistance zone once the price is rejected or bounce off I watched out my indicators for the needful eg price making lower low and lower high for short and higher high and higher low for a long trade.