Exactly! Technical trading is hogwash.
I didn't say that. S&R is hogwash. I do algorithmic trading with robots that I write for strategies that I have developed. I am big on technical analysis. With that said, the vast majority of what is written about technical analysis is complete bunk. It is really hideous if you read blogs and watch YouTube videos where the same failed technical analysis tools are pimped. A lot of those tools are old and originally intended for equity and commodity markets - which are completely different than crypto and currency markets (forex). There are modern tools, technical analysis indicators, that do work. The trick is finding the correct ones. Well, not really a trick. It is testing hundreds of indicators. The only sane way of doing that is using something that consistently works (80% or better) for someone else and seeing their long-term results, or to automate testing via software and churn though tons of historical data. I choose the latter. I rather understand exactly why something works or doesn't work. If I code that, I will need to know exactly - that understanding is at a completely different level than superficially seeing something work on a chart.