Honestly, I'm not going to go as far as to say that technical analysis is useless, but it is almost in these types of markets.
90% of the technical analyses I've seen so far (Binance Square, YouTubers, media) have proven to be wrong in recent months. And those who were right were lucky (because at other times they were wrong). Technical analyses are more likely to mislead you than to help you make money, in addition to wasting your time. Why do you think under each analysis it says "this is not an investment recommendation?" - Because no one is sure of anything in reality.
The reality is that there is very little rationality in these types of markets, where each movement is the combined result of emotions, news, and movements of large investors.
The true way to land on your feet here and make profits is to adopt an approach that is not based on emotions and is simply mathematical: DCA, averaging down, buying during dips - in stages - to accumulate, selling during rises - in stages - to take profits, making a tracking spreadsheet with formulas to track every expense and every purchase. No other approach guarantees medium and long-term profits like this one. Otherwise, it's just luck.
Why do you think a large number of mathematicians end up being offered trading positions in major financial institutions?
