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?
No instrument or indicator is perfect, just the same way no man is perfect. Systems fail from time to time but that doesn't mean it should be discarded completely. What anyone should do when this happens is to cross-check why it failed. I have observed that news moves prices faster than anything else in crypto industry. The technicals may be leading price to somewhere but once there is a rumour concerning a particular token, price either hits up or down in alignment. Also, more importantly is the fact that every profitable trader understands that most indicators fail during ranging market.