For all my 5 months in trading, I'm learning only technical analysis but now everyone is talking about the concept of "Smart Money". So I think that trading is changing and speculators should stop trading based on technical analysis. Or smart money just a concept that cannot possibly work in the market,
I will always go with Technical Analysis. You will see it, most professional traders and profitable are technical people, those traders who are technical are smart enough to analyze charts and price actions.
We can't say the smart money is just a concept, for sure it also works but we should just not disregard the technical analysis.
We can always make use of technical analysis in the market but we should know the boundaries where it is applicable.
Many of the meme projects we have in the market, using technical analysis for them might not give us a good outcome because there price is normally pumped and dumped and if we don't try as much to work on that, we might end up losing big in the market and that might make us to keep thinking whether the strategy we are using is not working for us.