This thread is a bullshit. Why? Thinking incorrectly, incompletely and amateur.
TA is not meant to be used as the only one parameter in an equation.
If you ask, for example, Goldman Sachs trader how they approach one of their assets (and they always hold many not-correlated assets btw), he/she will tell you that they make decision approx. 80% on Fundamental Analysis and 20% Technical Analysis.
So the TA supports FA, and otherwise.
These are complementary for professional traders.
I’m sure you are not a professional (yet) if you have formulated thread like that.
I trade only NANO/BTC, it can move only one way for profit (long), it has basically only one FA parameter → where the BTC is going I win more than 50% trades. My risk to reward ratio is 1:1.5-2. Calculate yourself. Is this a BS ? I enter position purely on TA. Swing trading.
Of course, I would be an amateur if I would also trade, for example, ONT/BTC. Why? Because they are highly correlated and this is an amateurs mistake.
BTW: I agree, youtubers and their TA sucks 99%.