First, let me clear out what I mean by False Pretense. I mean that there are some People who think that the Market will follow the Lines Drawn by any Technical Analyst. I strictly Disagree on this Part.
You must realise that not every TA is a skilled TA. Some have just started and their accuracy is not as good as the one of some veteran TA's, who have been analysing the market for several years and been trading profitably. 90% of traders loose all their trading money within 2 years.
At one point of Time even I believed that Market is supposed to follow those Lines. But the fact is Technical Analysis Tools provide you a general estimate of the Price a certain Cryptocurrency could go to or the path it might take to reach there.
For example if you find a good Technical Analyst and he says that a certain Cryptocurrency will surge upto 10 USD. He means that it could be in the Vicinity of that Price not the actual amount. It could be Higher or Lower than what he showed in his Analysis.
I have seen some awesome Technical Analyst here on Steemit and love their Work. I fully know that those are not Predictions but simple Analysis.