Everyone knows that we can learn from the past to correct mistakes.
As a result, many economists attempt to predict the future through history.
We also have a known fact from the past.
The "Bitcoin halving" is correlated with price increases.
I'd like to pose a new question here.
What are your thoughts on using past charts(candlesticks) that similar current ongoing charts(candlesticks) to make price predictions?
When asked this question to many professors and investors, a common response is, "Candlesticks reflect the psychology of investors."
What are your thoughts on this matter?
There is no such technology invented in the world so far that we can know in advance what we do will be profit or loss. If there was such a technology then no one would be harmed in business and there would be 100% successful businessmen in the world. Then maybe there would be no word of poor in the world, everyone would be rich. First of all, no technology has ever been able to predict anything in the past and will never be able to in the future.
True, that's why we rely on what the OP says—candlesticks or the chart that is being mapped using technical analysis. To answer the OP's question, do I believe in technical analysis? Yes, because that is the only way of analysing the market and seeing the potential position for gaining a profit, but of course it will depend on which technical analysis you are following, either from other traders or your own technical analysis. But the thing is, there is still no technology or way of predicting the outcome of the market because if there is, then there will be no balance if all will earn, so I still hope that no one will invent it, and I do believe that it is impossible as the market itself is unpredictable and will only move by how the transaction goes every day and every second. Just remember that not all technical analyses are correct; it's still good if you know how to do them yourself.