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?
You don't need to castigate technical analysis just because you could not use your indicator properly. Maybe it's showing you an opposite signal which is contrary to the trend of the market. Remember we don't use indicators in isolation which is purely true. We use indicators as confirmation to strategy that is been used, not complaining about a single indicator in isolation when we all know that indicators lag alot.