BTCbitcoin prices moving due to technical analysis or fundamental analysis???!!!!!BTC
The analysis
analyzes movements, it doesn't
cause movements. Anyway, technical analysis is a pseudo-science, similar to astrology, where predictions are made according to methods but the methods are not based on facts or evidence.
Glad you called that one, because I suspect people like OP just read words and don't understand what they mean--at
all.
My question is, how do you even begin to perform fundamental analysis on any cryptocurrency? I've pointed this out before: Crypto isn't like a stock, in that there are no earnings, no dividend, and no business at all behind a coin like there is with a stock. Therefore it's pretty much guesswork as to whether bitcoin or any coin is going to go up or down. In other words, what exactly are the "fundamentals"? They can't be the same things analysts use to analyze stocks.
Second, I think technical analysis is a bunch of bullshit. The list of the wealthiest individuals in the world does not include any technical analysts--that's evidence to support my claim. Watching charts does nothing, since price movements are mostly random.
Maybe a bullshit thing for you but we do know the fact that most traders been using up those technical analysis as a tool into their tradings.Its just a matter of preference on where we can able to make effective trading then we would supposedly to believe those things later on and would be applied into our future trades and that's how it works.Ive seen some stocks and forex traders specially on top tiers which do make naked tradings without indicators with just using up only fundamentals that isn't really applicable into crypto.
