Technical analysis..
I have been a crypto enthusiast for about 18 months- 2 years. In that time i have lost a fair bit of crypto by using methods that people suggest..
I would in no way call myself even well versed about crypto. However i get the concept as well as understanding the grip that banks have over our wealth and the state of the fractional reserve system at present Its become quite obvious to those with just a small grasp of economics, that this system can't continue in its present form. Its close to collapse as evidenced by the innability to raise interest rates. This in itself tells you that crypto's in some form are going to succeed. however it doesn't tell you which crypto's will succeed. So we all look around for signals and clues as to which are going to perform.
I'm not too proud to admit that i have been scammed in the past. I invested in bitconnect knowing full well that it was probably a ponzi scheme.
I have listened to advice from so called "experts" and none of them bar one have got it close. The one was saying it would rise at a time that it was obvious..
I think TA or "technical analysis" is just another of those things. People who like to see themselves as "experts" are using a paradigm from a failing system to try to predict what crypto will do. Most of these TA's come from the forex and stock trading. How can they be relevant to crypto?? They aren't!!
Crypto will rise, especially bitcoin, when the public realize its downsides are outweighed by many positive points. There are many reasons why people would like to see crypto's work. For me its control of my own destiny and a way to free myself from the tyranny that is central banking..
I'm no expert but my advice is to buy tokens that themselves add value to the concept they support. The token must have some functionality and some benefit for people to warm to them.
There are obvious benefits of things like monero in that they are private. Bitcoin has become a storage of wealth. Steemit is another example. Its function is obvious and couldn't be achieved in the same way with fiat currency..
Beware of people calling themselves "experts"!! People who state the obvious and use lots of "bells and whistles" like graphs. They often have a following worshipping them in the comments.
Use your own techniques and sometimes go with your heart...........It may be right.
Happy hunting people..My best advice comes from carpentry..."measure twice, cut once"!