Since, cryptocurrencies and especially bitcoin got massive amounts of attention, many regular people who didn't know about how the financial markets work, wanted to take part in trading. I honestly can't blame them, cause for most of us when we saw these big moves, up and down, that crypto can do in a short span of time, really make's you think that you can make a lot of money if you learn how to predict those moves.
And that's how you start day trading(assuming that you have learnt the basics of T.A), but most realise that after some trades they lose money and what they learnt isn't helpful. In my opinion, this is not T.A's fault but trader's. This, is because T.A can only tell you what is happening right now(it's reactive) and not what will happen.
What many new traders doing wrong i think, is not knowing when to day trade and when to swing trade. In my experince day trading only works on big news or when you take a trade where it's long term trend is going on your way.
" In my experince day trading only works w" Man, i wonna know the rest of the story
Thank you man, i may had erased it by mistake. I problem fixed ;)