Technical analysis do not work like the way it used to work before in the market. It could take time for us to really make use of technical analysis but most time it might not work with all altcoins market. The altcoins market moves anyhow do we should not depend on it for us to make profits from the market. It is better we just buy and sell and use other tools for us to make profits from trading altcoins.
Any trade we are taking has it own risk so we have to be prepared for anything that would happen..
I'm ready for anything that will happen. The market have just two phase, the bull and bear season. Ensure to lay down complex infrastructure such as good planning that have golden opportunities of milking the system with our very best outcomes. We know the risks involved when we placed trades, we have just two things in mind, either we gain or loss, nothing changes. Technical analysis are best used when a trader is thoroughly grinded in the strategy, because it's complex and there's enough strategy open to be utilized in upcoming trades.
Yes, by analyzing bull and bear, it is necessary to understand whether the price of a coin will increase or decrease. Meanwhile the price of a coin goes up and down based on a season, a good update of the team, any new feature of the project. So by doing these analysis it is possible to predict the future of a coin but it is never 100% guaranteed but sometimes expected results are obtained so definitely technical analysis works I believe it.