Bitcoin Forum

Everyone says to use technical and fundamental analysis when choosing cryptocurrencies for investment. I'm trying to understand how necessary this is. I'm new to this business, so I want to try to predict the price of some coin on my own.

Since I really like new technologies in the blockchain I want to take the NEAR (Near Protocol) token as an example.

https://coinmarketcap.com/currencies/near-protocol/

As we can see, it is now on the 80th place in the top 100 cryptocurrencies according to the CMC version.

Market Cap - $868,883,895

FDMC - $2,106,226,101

Volume - $23,386,420

Fundamentally, the project is really very promising. It has a powerful team, its own blockchain, EVM, has cross-chain compatibility with Ethereum and many other advantages.

If we focus on the daily chart, we can observe the support level around $2 per token, and the resistance level is currently at $3.5 (in my opinion, I may be wrong).

I want to note that a powerful market maker is sitting in the coin, which does not allow the price to fall after the market, this pleases.

I would also like to note that at the moment, the Near Protocol is waiting for big updates.

—-> NEAR Townhall (July 12th)

—-> NEAR Guild launch Wave 2 (July 16th)

—-> Meta Pool Launch (July 20th)

—-> Ref Token Launch

—-> NEAR Roadmap Release (End of Month)

—-> Partnership with Web3Games

—-> Sushiswap incentives upcoming

All these events give me the courage to assume that Near expects growth. This is not financial advice from the guys, it's just my opinion.

To be clear, TA and FA have different domains but could be helpful when you are deciding on what project you are going to invest in or when you are going to buy when the project is at a great time to buy.

When you were just starting out, what basis did you determine on? If not TA or FA?

Thats good analysis but it has to be updated all the time as the project grows. I mean crypto's are never in stealth mode, they keep changing the volume, popularity and dependency changes are off the roof! If the project team, and continuous developments are as per the roadmap then coin will keep pushing the resistance on the higher level as the time will pass.

Sometime, we do have to make "factual analysis" in the crypto. What I mean is, crypto project and their popularity amongst the social network can alter any time. Even a negative publicity for the best project could turn out to be "Investor catchy". All it takes is spread out for the existence of that coin.


I think OP is partly with TA and FA both. Though different, all the three (including factual) shall be considered if investing heavily.

Basically, you did the FA for near protocol and it's not enough to be sure that NEAR will take bullish rally as TA is also important because of correction market. Even if NEAR is having good FA, it might dump when bitcoin will take correction again. So better for OP to do TA so that OP can findout the exact support and resistance zone for using stop-loss to be safe while having correction.  ;)

As much as I appreciate you writing everything, I would have loved to know more about the fundamentals. I mean just two lines of introduction doesn't promise me much to be honest. Strong team and promising is something almost synonym for every new project.

As much technical analysis you do, it can only teach you when to buy and sell and how the market looks for the coin but like you said, you are interested in the technologies on the blockchain so I believe you are more an investor rather than a trader and my personal suggestion would be to analyze the project deeper from the fundamental side of things. I don't have time and it takes a lot otherwise I might have done some basic research for you. Good luck investing and trading it, regardless.

Youtube influencers had been promoting NEAR for a long time and I think this is really a good project. This isn't however very popular here in the forum because it's not advertised here. Almost all projects however are related to BTC which if the price of BTC dips all the rest are also following the downtrend.

Because BTC has the chance to really go below $30, NEAR might also drag along with it but it's true that it has advantages.

just stay tune to the project if you want to see an improvement or until they've finished those events , because you know it take months for sure..
Btw the new resistance of that coin is $3. that what i saw in the chart wherein after the hard fall, if i were you learn how to use indicators so that can get some information in the chart as well.. Because in my view it seems showing a bunch of false break out even now.

I am a little confused here. You created and posted their ANN thread (https://bitcointalk.org/index.php?topic=5341596.0) which makes me feel like you are either a part of their team or you are the founder. You even posted all the links and I cannot imagine an investor in the project would go that far. Although I see that you haven't mentioned anywhere in the ANN that you are part of their team, but I suggest you to make a small disclaimer or note that you are not part of the team, if you actually aren't.

If you are part of the team then I don't think starting a thread like this one makes any sense because obviously, this is marketing more than your actual analysis.

The last 5-10 posts of yours are all regarding this project, which isn't a problem but you look connected to their team in some ways mate :).

I also when I read all his post history, I also think he is part of the team, it is not possible that he has much of all this information without him being part of the team, what would he gain by constantly making a post to promote this project if he does not are team member? How can he get so much information about this project? he is part of this project

---

OP are you part of this project?

how do you have so much information about this project?

why did you create ANN thread for this project?

Not on some ways but its a bit obvious that this guy is just trying to advertise this NEAR protocol  which im not even aware on how good this is. Asking out if technical and fundamentals do help?

Yes of course and the fact that this is the only two things on where people been relying about to their investment or positioning in the market.Lets not talk about specific projects on here

since we do talk about the topic title then lets stick to that rather than making out discussions about on the said mentioned project on above. Example? no it isnt and its just clear

that he's trying to advertise it on here or he's part of the team.

OP, for shitcoins, I believe “fundamental analysis” is very difficult to measure/gauge. This is because people treat these projects like real companies, which will NEVER be like real companies. They don’t have a P/E ratio, or Book Value per Share ratio, or other basic ways to measure “fundamentals”.

But, any coin that has “good fundamentals” should be the coin that has an increasing average daily transaction count for over a long period of time. Plus it should be prove to be truly decentralized enough not to be shut down by a centralized authority.

You are part of the team, NEAR project, right? Then, if you are promoting your project,
This might help you to find a way how your projects will run well and not just a scam. Because investors will consider and invest in your project or any projects if that is good-looking and promising.  

But this not only the basis if that particular project is worth to invest or it has a fortune. It should have a working product and from that, we exoect that this project will surely gain trust from the community.

Both can really give an idea and knowledge about in trading. Especially if you are a newbie or even old here you can still gain
in idea via this both analysis although they are differ to one another. But to be honest its not that easy to understand it but if you are
willing to learn it will be easy for you of course.

technical or fundamental will usefull to defince are project worth to buy or not.  We need to analize the project background and product that they will developt, did they will build usefull project or only shit project that want take our money. And technical used for defince in which level we should buy or sell to maximize our profits and minimize risk.

When using technical analysis, you will choose your preferred indicators. Like MA, Bollinger Bond, etc. You can definitely see the right time to buy or to sell a particular coin base on your technical analysis. And together with fundamental analysis, your trade will surely have a good outcome.

Though Im just curious the way you posted NEAR token as a shill. Anyway, its not easy to integrate those analysis in your trade but probably be a good help to have a basis.

For me, the combination of technical analysis plus the fundamental is the best, the one that makes money, because if you do pure technical analysis, 80% will fail as if you only do the fundamental analysis.

I am a follower of the teachings of Jesse Livermore, and I have read many books about him and he always listened sometimes to his intuition and won, even though he was breaking the rules of any analysis, he also ignored the news to Unless they were Fundamental news, when a fundamental analysis is done first, it is possible to realize many things that can happen, and it gives you an idea where the market is going, if you have that vision, the technical analysis goes in that direction and the chances of success increase, that's how little I have learned from the market.

NEAR protocol is legit. I heard about it in 2019 and should have bought in but I didn't like their mascot. I should have done more research, it's the only blockchain with infinite TPS using sharding, two second finality, and it can scale Ethereum with Aurora.

Who is part of the NEAR project? OP? I believe not. Big projects’ core team members have stopped coming in this forum currently because it’s full of spam. Or maybe they don’t care to spend their time with us plebs. Hahaha.

But if you look for posts from 2011 - 2013, you would see that many of the known shitcoin developers started learning about Bitcoin, then developed shitcoinery in this forum.

I see most of your last content posted is in favor of NEAR project. You understand that supporting/promoting is one thing but talking about just one thing all the time is considered spam and paid promotion.

Does technical and fundamental analysis help? Of course, both of them do. Fundamental more helpful and insightful than technical analysis but both are important if one aspires to be a long term trader because only fundamental analysis would turn a trader into an investor while only technical analysis won't last long because you don't know the core values of a project.

The part where you should learn about its TA and FA should be given already and a lot of people should do it consistently. No one can escape the fact that projects can be a scam or not. The important thing is you buy what you can afford to lose and don't risk too much that could affect your well-being or lifestyle.

I think there is definitely, and everything should be viewed in a relative way. In general, this market is showing that technical and fundamental analysis of a project and making judgments are increasingly accurate, perhaps when a market is getting stronger, such analysis will be effective.

I think the example you gave is hard to be specific, I like it but it's still long term :)

we need strong reason why we invest our money into project, is it worthed to get our money or not. As investors we must really critical to projects, and deeply research on how the project will build and what is the usefull product will launched . this is why learning project fundamental very important for every investors or we will buy shit coin.

Yeah, definitely not anymore at least not with all the paid media we get to see for majority of altcoins anyway. Not that fundamentals is any easier to see for all these new coins still not even having enough data to look at, or with so much manipulation going on. Which is why it's best to stick to the ones most resistant to manipulation (hello Bitcoin and ETH).

Correct, FA and TA look at different aspects of a coin, Fundamental analysis care mostly about the realities of the asset at the moment to try to make long term projections about the future of such an asset.

Technical analysis disregards all of that and only cares about one thing, the price, according to those that use TA the price already reflects all the information currently available in the market and their goal instead is to try to determine through the use of a trading strategy the future direction of the market and take a position before this happens.

Basically TA and FA really help traders to read price movements on the market, but good/bad news changes everything, so does Bitcoin's movement. so even if a token has a good TA and FA, but suddenly there is bad news, be it Crypto hack or ban, then the token will go down.

sometime our technical analisys doesn't work when we face big negative issue. this analisys only work if their is no hot issue in market , and we could trade based on chart form. We have been seen many case  that price actually in bottom and should bounce but due the fud that come repeatedly this technical doesn't work.

mastering technical or fundamental analisys didn't guarantee we will generate profits. Trading plan and money management will take main roles for our existance in crypto market. Sometime we could not avoid big news that come suddenly , and no one supposed it before.

although didn't guarantee our investment ,but atleasy by doing analisys either in technical or fundamentl it will shows us in which level we should open position. Risk could minimize if we found the best position with minimum risk and maximum reward. Nothing 100% in this market , but we could make possibility 50%+1 to earn profits..

price roadmap will explained in technical or fundamental analisys, its really use full to identity when and where we have to come and quit market as soon as possible. This skill was be an obligation for every people that want invest their money into cryptocurrency market or other finance market.

Indeed, making profit during hard times in the market is really difficult to challenge because when you're facing bearish situations you can't decide quickly. Sometimes you're about to give up or just take it for cheapest selling value. However, we still got more great deals once another huge market spike tend to exist like what happened last ATH.

this is our guide in any trading assets. WIthout analisys skill, impossible for us to earn profits from any market , we just called gambling which is needed simple action buy or sell. Trading was very complicated and not everyone could involve, they must have this skill to generate profits from market . Even skillfull traders still facing lose when market suddenly moved againts all analisys.

To my mind the only time when TA can work is when many traders look at charts and see the same patterns, so they make similar decisions and then it makes the price predictable. But to my mind relying on FA is more reasonable, as it shows the real potential of a project.

One more thing of great importance is news. It can change price very rapidly, but fundamental value is definitely more important for long-term investments than anything else.

Such news you are talking about may be pump and dump. Such news that will immediately cause a reduction in the price of a coin may just be a news that few pump group can do to dump when price go up. For example when Elon musk made post about bitcoin and the excessive use of electricity, it didn't immediately affect the price of bitcoin but gradually. I'm just saying an opinion from my point or angle.

The news has a manipulation plans, and based on 2017 history it really affects a lot of followers who lost because of that. Technical analysis went in reverse after few years and then suddenly btc reached $20k up to $60k in history. So, better choose to holdle and apply long term on our plans in order to have brighter future.

If we keep focusing on our plan, we can't be affected by such fake news. TA and FA had played an important role when it comes to trading and investment, it shouldn't be set aside as this could help a lot to find success in the future. But the problem is how to make good TA's in real life and I know that not all of us can make it. But if you just choose those coins that are already been proven and tested being profitable, that seems to be easy with you and I think TA's are not needed most.

A breaking news still falls within the field of fundamental analysis, which is why you need to be ready to take action at the first sign that a big news is developing, however as time has passed bitcoin is becoming less susceptible to the news, even if it can still present some positive or negative movements they are not as bad as what we could see a few years ago.

So it is important to be careful if you are trading the news as it could backfire and make you lose money that you were not expecting to lose.

That has been what I have been trying to convince people for a long time now but for some reason TA people feel all too powerful and cocky about the fact that "they can read charts", dude I can read charts, been doing that for over 5 years now, doesn't change the fact that the chart could go to shit when Elon tweets, it is still a valid problem.

I have seen people respond to that concern as "well I can get hit by a car tomorrow lol, I am not stopping chart reading just because of unexpected stuff", like Elon tweeting about crypto is some unexpected thing, I am shocked when he goes a week without talking about crypto man, it is just so common at this stage. In any case, I still check the indicators once in a while, but I am a long term investor for a while now (about over a year) and I am fine, I have made my profit and I am just sitting back and relaxing without caring about neither charts not tweets anymore.

Both can provide valuable insight and expertise into the world of trading. Even if you are a rookie or an old hand at this, you can still get insight from these two analyses, despite the fact that they are not identical. However, to be honest, it is not that simple to comprehend; however, if you are eager to study, it will be simple for you.

as long as we learn hard, everything will not be complicated thing. Time will guide us when we have best effort to learn and practice every knowledge we need. Actually we are lucky to be born in this moment, there are alot open source with valuable knowledge and even alot good traders allocate their time to discussing  and tranfer knowledge with other beginer traders.


there is no analisys accurate 100% , there will always miss information that will occur. But atleast TA and fundamental will help us to identify best level to enter market with lower risk.

The answer to your question lies in your question. Only fundamental technologies allow projects to take off in the long term. This is not a one-day project, it contains the idea of a multibillion-dollar capitalization in the near future. A new blockchain and a developed ecosystem with its close-knit team of professionals and an excellent community will bring benefits to its investors.

From what I've seen for years now with the behavior of the cryptocurrency market, Technical and Fundamental analysis doesn't work always for the market. Although knowing it wouldn't be bad for a trader about it doesn't always work Everytime. The cryptocurrency market as different forces that push the market to any direction without it being in the direction of fundamental or technical analysis making it too volatile with high risks involved.

That's right bro, this is about how the team will develop the project ecosystem in a more useful direction, so actually this is not too difficult to think about as long as the project team is still able to make an easier path for them to go through in every condition, because recruiting investors is very difficult thing right now.

What happens is that a great deal of the people choose to specialize in one way of trading, there are those that prefer technical analysis and there are those that prefer fundamental analysis and they try to make it seem as if you cannot use both at the same time when this is simply not accurate.

As you say you can be the greatest genius when it comes to technical analysis but we know that there are events that happens outside of the charts that still can affect them and you cannot really explain what is happening on the charts without using fundamental analysis, so the best strategy is to use both technical analysis and fundamental analysis and use your judgment to see which one of them should be given more weight during a certain period of time.

ecosystem will be main thing that could attract demand from crypto investors, impossible for any project could survive and even grwoth for long time but they have no utility and ecosystem. Investors now days become smarter than before , they will join if they see the potency from project. They are educated by dogecoin case which is alot of them trapped in hype and fomo.

It is true that crypto movements are very volatile, making it very difficult to predict. So there is no guarantee that using technical and fundamental
analysis can predict market price movements accurately. But that does not mean doing technical and fundamental analysis is a futile thing to do.
Although there is no guarantee of accuracy, it can help convince us to make a decision. This means that technical and fundamental analysis can reduce
the risk that we will face when investing in crypto.

Of course technical and fundamental analyses are a necessary step before investing in any altcoin if we could able to do such things properly then it will definitely help a lot to chose suitable altcoins for investment nevertheless I think doing technical analysis of an altcoin must be our first priority because I think a technical structure of an altcoin determines its future.

Where is the technical analysis? FYI you only made analysis based on its fundamental which is a good thing for a long term investor but short term investor should concentrate more on the technical side and just consider the fundamental a bit just to avoid the scam project. But in real all these analysis and predictions are somewhat give the direction but the accuracy is very low due to the volatile nature of the market.

long term investors should not careless with their buying level that describe in technical analisys. Fundamental or technical was good combination tools to analize market ,we become to know why selling our buying coin and in which price we should do this. accuracy rate depend on our skill analizing , did we have proper to knowledge indentify trend or maybe we can't do this.

structure market was be first thing to analize when we use technical analisys , big picture of market trend are important so we could know how market will moved.

We really been affected with the market volatility several times, and because of that our analysis won't work as expected. This only be applied on certain traders who used day trading method but the risk is probably there to take our profit quickly. Holders should be careful on this situation, let's base out analysis on actual market movements and don't listen to those people who just give their predictions referred to chart all alone.

As a trader then you should have Plan B's Plan C's and so on because when our Plan A had failed or didnt work then we could always have a back up plan on how to handle things up an of course we do really need sufficient analysis with that which might neither be composed with Technical or Fundamental or even bought.Doesnt matter which one you would make use as long it would really be relevant towards your trading.

This two had been commonly used when it comes to trading or making out decisions because if you do just make out positions without any basis then its just purely gambling since you are doing things without any analysis.

Do those things actually help? Yes, it does and its just normal that you would really be using those tools for you to sustain this market and at least have the idea on what are the things you should gonna do.

The greatest advantage that technical analysis gives you is not great accuracy but the ability to enter and exit a trade at the same exact conditions every single time, this is something impossible to do just with your own judgment but with technical analysis this is possible and this means that you can get consistent results.

This means that if you have a winning strategy even if you lose several trades in a row you know that sooner or later you will earn money in the markets. You just need to be patient and eventually the results will turn positive once again.

it is necessary to do before we put our money into projects. alot indicators that used to determine or analizing some project worthed or not. and technical fundamental analisys should be our strategy to know this. market structure or price structure could tell us, which direction they will going to. by following this structure i am believe we could earn money with lower risk.