You make a good point.

Technical analysis works like a self-fulfilling prophecy in my opinion.

All traders share these technical analysis tools.

Since everyone reacts in the same way when they see all these patterns appearing that have been defined in the literature, the market reacts in the same way.

It's a self-fulfilling prophecy, and since everyone buys into it, you can't go against it.

That's where Bitcoin changes the game, because if you understand the why of Bitcoin, you're in it for the long haul and can detach yourself from all these patterns and technical analyses to concentrate on more important things!