So i'm in an investing discord mainly focused on crypto. A lot of these guys post calls with Technical Analysis & I have a hard time understanding how they read/determine the graphs to make informed decisions. They seem to be able to make proper investment decisions by ignoring any fundamental analysis and simply investing based on what the graph's/candles are SUPPOSED to do or are in theory going to end up doing.
I am a sophomore in undergrad trying to learn as much as possible so bare with my lack of knowledge at this point haha. Over my freshman summer, I did an internship at Bloomberg doing market research with a little trading involved. I was told by my superior that technical analysis is "not real" and to only focus on a fundamental analysis; checking things like P/E Ratio, Supply Chain, etc.
Anyone in S&T or with expertise in day-trading care to chime in? Should I invest a lot of my time to be able to do a proper technical analysis on my own? And where can I get the proper resources to learn the right way? I have no idea where to start when it comes to these YT videos.
My endgame goal is to land a FT job in ECM @ IB or Equity Research.
Thanks ahead of time, as always! +SB to all whom can chime in.