WHY IS DRAWING NECESSARY? WHEN ANALYZING BTC - ETH OR OTHER ASSETS .....
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FIRST, YOU MUST UNDERSTAND THAT TECHNICAL ANALYSIS HAS BEEN AROUND FOR A LONG TIME. Before the age of computers, the internet... of course, a long, long time ago when you had all the necessary tools to analyze on MT4, MT5, esign, tradingview.... and those ancient traders had to use paper, rulers, and pens :)) People had mathematical calculations, research based on physics, research based on astrology.... but ultimately, everything had to be DRAWN.
DRAWING in technical analysis is vintage but also fundamental, it's core. In the AI era, if you use lagging indicators and look down on drawings, it's quite amusing. Even the champion of the Robin cup with a profit ratio over 100% in the competition, using the latest method of order flow, with the latest chart being footprint, still has to draw. Those who say they can analyze technically without drawing must be geniuses, anomalies that you know, those types don't appear frequently online. I skim through Square and perhaps I am among those who draw the most but use lagging indicators the least. I also admire those who open charts on Binance and read analyses; I must say they are incredibly skilled, a level I can't keep up with. So I still have to draw :)) that's just how it is, so don't say I draw too much, it's because I'm not as skilled as those KOLs 🤭.
P/s: the same chart - one drawn in a rough way and one according to a lagging indicator