for one i know its a meme that gullible gamblers have invented in order to excuse their addiction.

That's pretty funny. However, I know people who make money using it. Unfortunately, there are more and more unbelievable analyzes that arise on the principle of "whoever gives more"

I know people who smell horse urine and make money on the ponies. So?

Actually, technical analysis is just a tool to tell you what others in a position are thinking. Right now the behavior of most cryptos tells me to wait until things settle down before establishing a long position. There's some fear out there so why not wait until it shows signs of dissipating?