Interesting view point you have @cryptohustlin

I am new to Steemit so i do not have any analysis on the trades that i have done, but if you keep up to date with my page i think you might change your mind on the whether or not technical analysis might actually not be as random as you think 😁

Just to give a very quick overview we have two types of ways to analyze the market: Fundamental and Technical. (This you already knew of course)

However when we breakdown Technical analysis 2 more sub categories come up.

One is using Indicators, which are the mathematical based algorithms that try to predict the future based on PAST data.

Second is Purely based on price action also known as naked trading. This is my preference due to the fact that most indicators are known as lagging indicators which repaint and give a lot of false signals.

Without going to deep into strategies or anything think about this for a second..

What makes any market move?

Answer: Volume caused by buying and selling.

Therefore if you can predict when large quantities of volume will enter the market then you should be able to also predict the market rising or falling based what people have agreed to do with those contracts or coins.

In the comment below @jrcornel speaks about chart patterns. Lets say we use the statement i explained above about volume.

Then lets say JP Morgan and Goldman Sachs each buy $500m worth of #BTC that immense amount of sheer volume alone will move the market. Now lets say their traders used chart patterns in order to put in the orders in the market when they themselves did their analysis then If you use the same pattern by default you will make money because you will be riding the wave of the volume they added.

Moral of the story dont use indicators and trade chart patterns to "follow" when the "big boys" will enter and exit the market. Again that is the ONLY way the market moves - huge quantities of money being moved around.