The 'technical analysis' scam - 5 minutes read, save your time and money

Short version:
Technical analysis is a scam. You will not be able to predict the price change of any crypt o coin / commodity / Forex on any short term/long term scale. It is simply impossible.
Save your money... and more importantly - save your time, tickers are addictive!
And maybe the best advice I can give you : Anyone who tells you a different story is either liar or stupid (and should not be trusted with your money)

Long version:
Learn by example -
Suppose you have found out something extraordinary... Every time the bitcoin price shows a XYZ pattern, it is followed by a rise of 5% in its price.
You have analyzed the past data, it is always happening, so you think to yourself - yep, i can make a prediction.
Next time this pattern appear i will buy some decent amount of BTC and sell it after 5% rise.
You do it successfully over and over again, and your wallet becomes heavy with bitcoins... You are a rich man now... and want to get richer. So you spend the maximum amount of bitcoins to utilize this pattern.
As a result - the 5% bitcoin price rise is wiped out of the charts (you have affected the market by taking off all buy orders from the order book... )
So now the market is balanced again... tickers going randomly up and down as before.

Now hold on... check out wikipedia... 'High-frequency trading'

"according to a study by the TABB Group, HFT accounted for more than 60 percent of all futures market volume in 2012 on U.S. exchanges"

That study was made on 2012, (that was ages ago! you could have bought a bitcoin for 5$ back than...) so it is reasonable to argue bots are making the market. Any market.

And whenever there's a pattern - you can be absolutely sure someone (human or bot) will find it and utilize it before you do.

'But XXX has made amazing profits during the financial crisis... he probably knew what he was doing'
Nope!
On every market there are traders.. if the market is going up, traders will profit (on average) if the market is going down traders will loose (on average).
And the average is always distributed on a normal chart (meaning - there will always be standart deviation, so some people will find themselves on the margins of the normal distribution chart(will loose it all or will make extraordinary profit)
it has nothing to do with wisdom or knowledge, simply a statistical manifest.

Conclusion:
Don't waste your time trying to make markets reasonable, they are not!
Your gut feeling has the same chance of being a good strategy as any other technical indicator.

Challenge:
I have researched the USD/EUR market for a decent enough amount of time to conclude -
the odds of dollar/euro exchange rate to become bigger/smaller on any given future time frame (second/minute/week/month/year) and on any given situation (elections/war/whatever) are exactly 50%.
There is no computer on earth that can produce a better 50%/50% distribution pattern...
So I feel comfortable enough to offer a 0.5BTC bounty for anyone who is able to predict it better then the coin flip...