To really get an accurate prediction in trading traders are often required and advised not to totally depend on technical analysis, forgetting fundamental analysis. With proper timely information from the news, you can make a lot of profit on a trade.
If you know that you will not be able to keep up with news updates as the come up, you can make a smart move on setting notifications on various crypto news handles on social media platforms like X, so that whenever there's a new development consigning cryptocurrency and a particular coin you'll be among the very first people to hear about it. Some traders make millions from just taking advantage of the news, and they are also able to avoid losses too due to fundamental analysis.
With Technical and Fundamental analysis, the chances of making profit from a trade increases massively.
I can't agree more with you, I just had a discussion on a topic where the member talked about how important technical indicators are and how that member is using them, to make a profit, and now this post came into my sight. This explains it all that depending only on TA would be a mistake because IMO if we are talking about BTC, then the overall price fluctuations are mainly due to the demand and supply, and it's measured by the news, media outlets, and fuds, etc.
I know these factors can cause a huge pump and dump, but our aim should be to take advantage of this situation. There comes a time, when a person finds the news early but doesn't react, and changes the strategy, in this he makes losses. The reason for no reacting is, that they thought its already so late (that they heard the news late) as they didn't know whether it was late or not, so by considering its late they don't react while the situation is no so many people have heard about that news yet.