Lol I don't believe in technical analysis as anyone can draw some lines and make a prediction. I have not seen anyone yet who can make accurate predictions for crypto all the time. We gonna need to see what happens, right now we are in a downwards trend but in crypto everything is possible.
Technical analysis is correct 50% of the times and wrong 50% of the times. It is not a proper science and more of a psuedoscience. Hence better not to depend completely on it but make your predictions about price depending on how the market is moving and what the news have been propagating recently. A lot of big whales can turn markets the other way round so we can still be wrong.Hence we get most of our predictions wrong in any case unless you get lucky. So it just another type of gambling finally. Trading and making predictions are two different things though.
Nothing can be predicted accurately all the time. Technical, fundamental, psychological analysis etc.. are all just done for a reference.
We can use it for reference to make a prediction but nobody can guarantee that the prediction will come true.It's just a "probability" which may or may not occur.
From my analysis, BTC will "probably" stay under $40k until the end of this month and then it will start rising next month.
Few days back I have debate on social media about gambling and predictions with mostly believe these things are surely mostly related to luck as techniques, analysis and fundamentals can go wrong against luck while here we also have 1 lottery ticket holder as winner and many times peoples with 100K lottery ticket holders are having nothing to cheer or mostly have prizes less than their investments but this all about is part of the game, and we have to accept realities.
