I agree that Technical analysis doesn't really work all that well and I personally think that most of it is about as accurate as a gypsy fortune teller . But one of the usefull things that I find with it is that you may be able to get a better feel of what the psychology in the market is like.
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I also agree with technical analysis not doing well in this space. How can your indicators hold up when there are coins that pump and dump on the regular?