everyone on twitter, insta reel and youtube is making prediction related to different cryptos based on chart lines. Do you still believe these chart reading?
To be honest, I believe more in people who are doing charts or technical analysis than telling it randomly without basis or proof. Some are also using fundamental analysis which is not really bad but I am more into technical.
So for me, it's fine and I can believe on it.
And those people who actually do it are only moving in silence. They don't let anyone know their next moves which makes sense because trading is about losing and winning. I mean there are traders who win in one side and the other is losing. So, we need to be selfish to earn more profit out of it. But, there are wise guys who mislead people by publicizing fake information.
Yeah, I also noticed that only a few traders are using fundamentals or it's not being talked about the most as compared to technical analysis. I guess that is because one-of-a-kind news or major news about the financial market or cryptos, doesn't come that often but traders can do a technical analysis anytime they like.