I've found the problem with on-chain analytics is that it seems to be almost all moon-boy price action porn. No matter what happens (outside of large shift in bitcoin to exchanges) it's used as an excuse to justify 1 million dollar BTC by X date. Certainly works to drive clicks on youtube, along with the O-face on the thumbnail. Actual TA seems more grounded in reality as you can sort of understand how the biggest market makers are strategically moving price action on the way up and down to bear and bull trap people and steal their bitcoin in the most profitable way possible. Hedge funds etc have huge advantage until they end up on the wrong side of a /r/wallstreetbets play haha.