1/ # 2.7 TA and Charts

TA in crypto is mostly nonsense. Something used to shill and manipulate. People who believe in it have high enough intelligence to analyse the data, but not the wisdom to realise the entire idea is dumb.

2/ Crypto prices moves based on world events as they occur, china FUD, ETF news, a country banning crypto, SEC announcements. Past price data cannot predict these events happening.

3/ Time and time again they are proved wrong with their charts, yet every so often it will go in the right direction and they will be convinced they are skilled.

4/ You will get weeks where all the TA experts are adamant "$BTC is going under 30k, all the indicators say so", "We were going down regardless of china fud" and yet a few weeks later BTC is above 60K and they have conveniently forgotten all about it.

5/ If you think youre a 'TA expert'. Go back 2 years to Jan 2020, then work forward week by week doing the TA that you currently do that you think is 'working' in the least biased manner possible. Then look at how much of it played out as your TA expected.

6/ Most people who do this realise something by about week 10 and give up. Dont buy into this crap. Crypto is too event driven/manipulated and volatile for past data to do anything. The only time you should use charts is if it lines up with some narrative you are shilling.

7/ Nobody knows what the market will do or what events will happen. Do not try to second guess it by swing trading or putting off buying something because "everyone says it will go lower"