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,
Trading is very hard, it involves luck and patience. If you are not a whale, you'll struggle in trading because you'll have many moments when you think it's time to give up to not experience more financial lose and once you sell your coins, that's the moment when price will start recovering and become bullish. Btw I have noticed that technical analysis really works, it just magically works. When you expect that price is high and according to technical analyses it has to fall but at the same time there is no reason for it to fall down, then magically some crazy news appears and price falls. Then when price falls down and is very low, magically another crazy news appears and price starts increasing. It's amazing but technical analysis works very well despite the fact that trading is hugely luck-dependent.