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What are your thoughts on using past charts(candlesticks) that similar current ongoing charts(candlesticks) to make price predictions?
There is no prediction that is 100% accurate, so the results of technical analysis will be subjective depending on how traders interpret price history which they then process into an entry signal. Actually, it is not a matter of trust but of possibility, in fact traders are very flexible to change the type of analysis used if it is not profitable enough.
Until now, technical analysis has been used by all traders who make money in the crypto business, even when no one can give 100% accuracy that their prediction is correct, because if there is 100% accuracy, then everyone traders have become rich in this industry.
That's why we are predictors and not fortune tellers, because we have many tools that are used to determine the direction we think the price will go. It seems that in our technical analysis that we do, we always have two buying directions, either up or down.