I have about 500,000 hexes and I bought most of them at a high price 😔
TA is a record of the past and astrology for guys
You didn't know TA is a record of the past? Nobody can predict the future. It's all guessing
This means that technical analysis is useless?
What does it mean?
It is not useless. It's just stupidity. But it is useful to speculate what other speculators might do in the near future. Unfortunately, a lot of people don't understand the difference between might, could, can and will. You may be more familiar with this: You probably saw cryptards in crypto groups asking the question "Can this coin go back to ATH?" Which is a dumb question as nothing says that a freely tradable asset can't reach any given price. What they actually want to ask is "Is it likely this coin gets back to ATH?". Meaning of words is important and those using TA don't know the meaning of important words.
TA points towards probable outcomes. The accuracy of the prediction depends on the knowledge, skills, and abilities of the person performing the analysis. That said, be careful who you get your TA from, and be aware that even the best analysis is not a guarantee.
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