I think the predictive feature of technical analysis is fairly mis-understood... It doesn’t hold true. TA actually provides a way to follow the market and thats the best thing to do ! When I say follow the market, it means both to get in and get out... and also stay out...
You can check my trade (using fractal analysis) at :
https://steemit.com/trading/@aarcee/bitcoin-btc-usd-trade-profit-booked-today-22-aug-2017
Fundamental Analysis on the other hand is purely for investing, and since its subjective in nature people can and have different views on it :-)
Historical price action short medium and long term is used to draw conclusions about potential future directions or trend shifts. TA is gray.
If This, Then That; else this.
Thanks for commenting.
I think we had this discussion in some other thread... rational/irrational etc.. : ))
TA is GRAY for sure !