Technical analysis is fortune telling. It is crap. More than that, it is a scam.It is always about the fundamentals. If the fundamentals are crap, the rest has no meaning at all.
It may be fortune telling but why so many pro traders like to use technical analysis more than fundamental? Do they only use it to show up or to make them look smarter? Because many of the post about technical analysis are hard to understand. Fundamentals on the other hand isn't always guaranteed because sometimes the information that we scan online is not legit.
You can't tell anything about the future by looking at the charts that happened in the past. It is gambler's fallacy. Just because you lost 20 times, doesn't mean you are going to win the 21st game.
Never heard of the phrase "history repeats itself? This was true on so many things including here in cryptos. Maybe we can't win the 21st game but we can possibly win on the 22nd, 23rd, and so on games. Same thing can be applied in the price. Maybe there are no good recoveries this month but there might be next month or so.