Technical analysis is fortune telling. It is crap. More than that, it is a scam. 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. It is always about the fundamentals. If the fundamentals are crap, the rest has no meaning at all. The price can go up and down just because somebody wanted it to. It don't have to make any sense.
yup i agree with you. no one can tell the actual future of cryptocurrency by analyses token chart. But only one guess can be made by chart analysis . No one can ever tell the exact time when anyone will profit from any token . So wait patiently for profit. And when one is able to profit it will be the result of one's patience .
That's exactly, fundamental or technical analysis, there's really nothing to believe in them, if all could be seen and predicted on the chart then surely a lot of people wouldn't panic when the market declined. The charts are not a crystal ball and those who look at them are magicians who can show us all that will happen in the future. The market is governed by hundreds of factors, whale manipulation, macroeconomic influence...The best way is to just buy and wait, the market will not fall forever but will have to rise again.