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?
Well, because there is no analysis that can truly predict the market price. Everything is unpredictable and we don't know when the price will always fluctuate. The market is too volatile, there is no way how to determine where it will lead the price, the true usage of technical analysis is only guessing the market price range that should speculate nearly close to the real one. Sometimes we should look around and listen to the news, the current trend will have also an impact to the bitcoin price that the technical analysis can't do.