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Title: Which Analysis do you believe Post by: Best-mary on September 28, 2023, 05:42:48 PM I stumbled upon an intriguing question while browsing this forum. A user asked the following:
[https://bitcointalk.org/index.php?topic=5468266.msg62908099#msg62908099] Some of the answers are quite fascinating, but here's my perspective on this. What truly moves the cryptocurrency market is fundamentals. Why? Because fundamentals are the determining factors for whether Bitcoin's price will rise or fall. Many traders eagerly anticipate events like the halving and ETF (Exchange-Traded Fund) proposals. If these events have a positive impact, we'll witness it in our trades, and that's when technical analysis comes into play. It's the moment we closely monitor candlestick patterns for signals on when to enter long or short positions. In essence, there isn't a strict mathematical rule that drives the market without sentiment playing a role. Title: Re: Which Analysis do you believe Post by: ZAINmalik75 on September 28, 2023, 06:08:44 PM Some of the answers are quite fascinating, but here's my perspective on this. What truly moves the cryptocurrency market is fundamentals. Why? Because fundamentals are the determining factors for whether Bitcoin's price will rise or fall. Many traders eagerly anticipate events like the halving and ETF (Exchange-Traded Fund) proposals. If these events have a positive impact, we'll witness it in our trades, and that's when technical analysis comes into play. It's the moment we closely monitor candlestick patterns for signals on when to enter long or short positions. In essence, there isn't a strict mathematical rule that drives the market without sentiment playing a role. You are right, but the cryptocurrency market is comprised of two things coin and tokens and then in coin, there comes BTC, which covers half of the crypto market. And the price of BTC changes with the change in demand and supply. Because it is a community-driven coin and follows the market sentiments. There is no centralized authority behind it that's why it works on market sentiments. We have to do Fundamental analysis if we want to trade in BTC but if we want to trade in alts then Technical analysis is also necessary. But that's not how we get to decide whether to do TA or FA on this coin or not. Because we do TA to analyze the current chart and we compare the old data of charts with the current one, and try to find similar patterns and on behalf of those patterns we get to decide whether we should take entry or not. We enhance our confidence by seeing the volume, demand, supply, and different things, and try to use different tools and indicators to analyze the current market's pattern. Title: Re: Which Analysis do you believe Post by: Best-mary on September 28, 2023, 06:37:31 PM Some of the answers are quite fascinating, but here's my perspective on this. What truly moves the cryptocurrency market is fundamentals. Why? Because fundamentals are the determining factors for whether Bitcoin's price will rise or fall. Many traders eagerly anticipate events like the halving and ETF (Exchange-Traded Fund) proposals. If these events have a positive impact, we'll witness it in our trades, and that's when technical analysis comes into play. It's the moment we closely monitor candlestick patterns for signals on when to enter long or short positions. In essence, there isn't a strict mathematical rule that drives the market without sentiment playing a role. You are right, but the cryptocurrency market is comprised of two things coin and tokens and then in coin, there comes BTC, which covers half of the crypto market. And the price of BTC changes with the change in demand and supply. Because it is a community-driven coin and follows the market sentiments. There is no centralized authority behind it that's why it works on market sentiments. We have to do Fundamental analysis if we want to trade in BTC but if we want to trade in alts then Technical analysis is also necessary. But that's not how we get to decide whether to do TA or FA on this coin or not. Because we do TA to analyze the current chart we compare the old data of charts with the current one, and try to find similar patterns and on behalf of those patterns we get to decide whether we should take entry or not. We enhance our confidence by seeing the volume, demand, supply, and different things, and try to use different tools and indicators to analyze the current market's pattern. Absolutely. That's where we humans get different with AI automated trades because they don't seem to look into the FA before taking a trade. Not saying AI is bad because there are still some like the Bot copy trading which perform well in taking trades most times. Title: Re: Which Analysis do you believe Post by: usekevin on September 28, 2023, 06:42:11 PM The bitcoin market is the fluctuating based on the market demand,no one manipulating the bitcoin price was the fundamental thing here.As we know bitcoin as the decentralised crypto currency,the price variation should be used in the positive way of investment.If the market is bear,use the opportunity to buy the good coin like bitcoin.Because the price of the bitcoin was less only on the some time.Being the trader,if you had loss the chance it will be the big opportunity loss.Long term holding bitcoin can be sell at each bull run.
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