Trading has never been about being smart; rather, it's about being able to be "foolish" thoroughly when the time calls for it.

Three years ago, like most beginners, I was a hardcore believer in technical analysis. I would sit in front of the candlestick charts for hours every day, studying MACD crossovers, Bollinger Bands, various pattern formations, and even convinced myself that I had deciphered the ultimate market code. But reality gave me a loud slap — in three years, I experienced three margin calls, and my account shrank from $20,000 to $7,700. During that period, I felt nauseous every time I saw a red gap-down candlestick.

Until one moment, I stared at the colorful indicator lines on the screen and suddenly asked myself: If these so-called technical indicators are really that effective, why do so few analysis masters who teach online every day achieve financial freedom through them? This question shattered all my illusions.

I decided to make a thorough transformation. I threw away all the complex indicators and adopted a nearly "give up and go all-in" approach to trading. The result was unexpected — in just three months, my account skyrocketed from $7,700 to $140,000, an 18-fold increase.

Since it worked, I had to think clearly about the logic behind it.

**Where exactly did the K-line technical analysis go wrong?**

I used to think that mastering candlestick charts meant mastering the lifeline of the market. Later, I realized that candlesticks are simply a record of price history; they can tell you what happened in the past, but their accuracy in predicting the future… well, it mostly depends on luck.

The Achilles' heel of candlestick theory is obvious. It’s extremely subjective — the same chart can be interpreted in eleven different ways by ten analysts. Even more painfully, it completely ignores the key factors that truly drive prices: fundamental data, policy signals, macroeconomic conditions. These are the real big players that determine whether BTC, ETH can rise, but technical indicators are utterly useless.

Especially during periods of intense market volatility or major policy adjustments, candlestick analysis becomes completely blind. I’ve even seen a major institution’s announcement that completely distorted the chart analysis. At that moment, I realized: no matter how proficient you are with candlestick theory, it’s useless because you can never predict when the next black swan will land.

Truly profitable traders are actually paying attention to other things — on-chain data flows, big players’ movements, policy windows, market sentiment. These are the core factors that influence price fluctuations, not those indicators that seem professional but are actually useless.