The best traders mindset is: I know that technical analysis is crap so he only thing that can make me earn money is opneing 20 accounts with 500 USD each, play with them with a variety of crap-strategies an show to the public only the one that has thrown profit and do not forget to make a youtube video selling my "method" to those gullible enough to believe that I am going to teach then how to be rich on a zero sum game.
Did I get it right?
Edited to add: Add a referral link to a dubious trade platform whose add reads in fine print "80% of retail accounts loose money with us".
those idiots do not do technical analysis.. they do TREND analysis..
their game is to draw a random line from old data and pretend its going to repeat again.
their hope is if they can convince enough people it will happen again. those new people make it happen.
thus self fulfilling a prophecy
its typical pump and dump methodology.
..
real technical analysis is not about moving average lines.. its about 'realised value' utxo. its about mining cost. its about charting the stablecoin/price to get a 'buyer demand. its about exchange reserve of coin supply.
the idiots drawing moving average trend lines are not doing proper TA.. and yes in many cases you will see them on youtube. making videos. and then only keeping the good ones