-snip-and when investors have stated that they bought in large quantities and were followed by many other investors, then that's where the price will go up, and our job is to find areas to get out of the market.
be careful with the statements of other investors or whales, because maybe it's just manipulation, FOMO made to raise the market price and then slam it. The most correct and preferable is to look at the market with technical analysis, it will describe how the market is and what is likely to happen next.
-snip- Actually there's nothing to follow someone TA especially if the analyst has an impressive portfolio and high accuracy prediction in the past because they are spending time to analyze chart compared to us that casually checking chart with just common knowledge only in TA. I think we just need to become diligent on choosing who to follow if we have no talent on this particular area.
Following someone's TA is not wrong, but we as followers must know and understand what they share. At least we also have to know the basic science of TA so that we can choose whether TA is accurate or not. and lastly, as you said, choosing someone who really has fuel and is professional in the field of trading, it is very necessary. Never follow someone who is only good at manipulating, good at making FOMO news but doesn't have good TA and FA knowledge.