Can anyone explain the principles of technical analysis in cryptocurrency trading?

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Can anyone explain the principles of technical analysis in cryptocurrency trading?

Been dabbling around crypto lately; the highs and lows are crazy, right? But I'm trying to get a grasp on how to make sensible decisions. Got a bit confused about this concept called 'technical analysis'. So what's the deal with it? How does it work in crypto trading? I mean, what are the key principles that I should be aware of? Any help would be appreciated, thanks!

Wow, diving into technical analysis huh? It seems super complex and time-consuming. Is it really that effective, or is it a lot of smoke and mirrors?

Technical analysis can indeed be complex, but it can provide valuable insight. It's just one tool in a trader's toolbox, not a surefire guarantee of success.

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