The current prices at any given time, how do you know if they are going to correct or are already corrected?
Like the prices atm.
Who knows?
No one on this market does have that kind of ability on knowing on whats the upcoming thing specially on times of correction but somehow with the help of technical analysis then you could presume out possible movements if ever it did reach a certain point like the indicators are already showing off some reversal possible situation
Also to think that not all TA's could really be precise which means it would neither work or follow or wouldn't really make any reactions at all and this is how this market to
unpredictable.
If it was predictable on the first place then we wouldn't really be this big.
The scary part is that nobody "really" knows (you can make assumptions predictions of course) but there are so many that talk like they know what is going to happen. I do not get why people are interested in those people and why they listen to those people neither. There are millions of dollars lost on each cycle just because some people believed so called "experts". They are dime a dozen on twitter for example, you can see a ton of people who call out what will happen, sometimes they are right and sometimes they are wrong and they defend themselves when they are wrong by saying something unexpected happened (something unexpected happening in crypto is something you expect ffs) and then they talk about how they were right and how awesome they are if they get it correctly. Its really a horrible situation we are in and I hope that it will do better in the future.