Technical analysis is horoscope for men's.
Discussion
TA falls into two categories. Identifying support and resistance, and hoodoo voodoo.
From my observations when their vision does not meet with the reality they just draw new lines and pretend thet nothing happened.
If you're looking on Twitter or whatever then yeah. TA is an art, and most crypto bros are Neanderthals trying to imitate that art. It's all kind of a craps shoot though. You're trying to guess what all market participants will do in the future based on how they've reacted in the past. But who is participating in the market today can be different than yesterday or last week, and their motives could have changed as well.