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Explore the lifecycle of Observables in RxJS and learn to navigate common pitfalls in this 18-minute conference talk from ng-conf 2021. Discover why placing 'catchError' on inner Observables is crucial, understand the optimal positioning of 'takeUntil', and gain insights into avoiding potential "icebergs" in your code. Delve into the intricacies of Observable lifecycles to enhance your RxJS skills and write more robust Angular applications. Master the art of managing Observables effectively to steer clear of common mistakes and optimize your development process.