Also technical analysis does not apply to coins with a low market cap so this means that technical analysis only applies for the top 100 coins the rest of the coins need to be traded using fundamentals and by keeping your eyes on the news and the hype, this is why even a master at technical analysis will lose his money if he keeps his eyes on the charts on those coins.
I believe you do not get "why" some technical indicators are not applicable to low market cap coins. The reason for this is because low market cap coins have the tendency to have the highest volatility in the market. So what happens is all their predictions based on "technical analysis" also has the tendency to not predict the market, making them, most of the time, "off the mark".
but
why do they have the highest volatility? and why does it follow that TA doesn't work then?
the bottom line is supply and demand. so, the key to understanding volatility is
market depth. the reason BTC used to be so much more volatile (back in the day we used to see 50% swings in a day) was because of an utter lack of liquidity. whales could easily move the market---high demand into low supply.
low cap altcoins are the same way. due to the "cheap" price vs. BTC, whales can accumulate in a range until all the market liquidity is gone. and then? the only direction is up since there are no sellers left. the lack of market depth makes a 10x move very easy, like a hot knife through warm butter. this is the same exact thing we saw on the BTCUSD order books in 2013. all the supply disappeared, so the price skyrocketed.
so, it's really not about TA vs. FA. both should reflect the same thing. fundamental analysis (supply dynamics and catalysts for demand) will tell you
why demand may overtake supply at a given price level. technical analysis looks for clues re supply and demand on the charts: does every dump attempt get bought up? has price risen above a major supply level, indicating further upside after resistance becomes support? does volume indicate major accumulation or distribution? all of this is valuable information to a trader.
FA for context: is this something i want to invest in, and are there fundamental reasons for increased demand? support/resistance and volume analysis for the rest.