also discovered that almost all the indicators work best on the long timeframe like weekly or monthly timeframes. If you want making trading decisions with peace of mind? trade only on those timeframes with any indicator and you will make money.
definitely, some people are too bothered with seeing daily or even lesser timeframe knowing full well those are so full of misleading market movement, the longer the time frame, like weekly, the more comfortable it is to invest based on technical indicators.
we can just buy, maybe DCA, and laid back for a whole year only to see our asset growing so high like what happened to bitcoin.
had people looked at bitcoin's weekly timeframe and figure out that bearish is pretty normal back when BTC was still around $20k, they'd simply invest some money and hold it for a year or two, and then profit big.