Quote from: royalfestus on Today at 09:18:39 PM

Quote from: mindrust on September 23, 2022, 08:37:49 AM

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.

A lot of people dont understand your point because they got few profit from a fortunate technical analysis. Some even say technical analysis is for short term and this has failed most times in the short terms than the long term. The long term has been more profitable than short time.

in my opinion, it is better if you at least know both, fundamentals and technical aspects. but remember, if the coin is going to be a pump and dump coin, i don't think those analyses will help you, but your eavesdropping from social media channels will do. Grin