Technical analysis if you use them in stock market maybe it will work but in crypto I believe it is useless.
If you don't trust the idea of TA that's ok, there are ton of people not believing you can predict anything from that. But in theory same idea of probability applies to all markets that are mature enough. People are using it for never assets then bitcoin or eth.
I would like to ask if there is any analyst who can analyze the drop of bitcoin or FTT token in the last crash? I'm sure no one can guess.
I am not sure if you followed my link as i gave a link to a person who literally did that.
It's funny when someone says that by looking at the chart they can tell that bitcoin is going to drop to that level. If the prediction is so simple, why don't they just sell their house and invest it all in bitcoin? He will get rich quick instead of giving analysis to other people and telling them to buy.
Because they DON'T know it. It's based on probability, and it's a low one. You wouldn't bet your house when you are gambling on sports, even if the odds are good.