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Technical analysis (TA) is the same as astrology and there is no merit to it, change my mind

All Cryptocurrencies

by COINS NEWS 271 Views

There's pretty much no way you can predict the market, and it's the same 'magical voodoo' as astrology.

It just doesn't make sense why people look at crypto youtubers that do all this technical analysis and spew so much beetle dung just to make it seem like we're pumping up or dumping down. Really..? I can draw a bunch of lines, circles and zig zags on a graph too.

If it was that easy to predict where the market was going, everyone who does TA would be rich as fuck, but they're not. It's literally just lines and hopium.. The price of any cryptocurrency in the market, especially bitcoin cannot be predicted so easily, that's why it's so volatile.

And it's the same type of people who say it was mainly Elon who crashed the market, when there was so much into play when that happened. (Whale manipulation, trading bots, shorts etc)

It's volatile, it's revolutionary tech. It's hard to find the true value of a cryptocurrency platform, especially when comparing it to the dollar value (which is also an abstraction, an illusion).

Use-case, technology, marketing, research and the team that puts in effort to make the coin are all the matters. Nothing else. This is not financial advice, but a bunch of lines on a graph is not going to get you anywhere either.

submitted by /u/WSBTurnipGod
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