Is zig zag a good indicator?

I'm curious to know, is the zig zag indicator truly a reliable tool for analyzing cryptocurrency trends? Many traders swear by it, claiming it helps them identify potential reversals in the market. But on the other hand, some experts argue that it can be misleading, especially in volatile markets. So, my question is, can you weigh in on the matter? Is the zig zag indicator indeed a valuable asset to have in a cryptocurrency trader's arsenal, or is it better left on the sidelines?