I think the fundamental technics that are more affect the bitcoin price in comparison with his technical analysis. How do you think?
technical analysis is almost useless in this sphere. it works the longer term the graph reflects, but for short term charts, it really is rubbish. markets dont follow trends here; they follow the immature investing attitudes/disciplines of the myriad 24-40 esque males that never went to school for trading, and dominate this space. also remember that these markets are very heavily manipulated due to the relatively small market caps. it only takes one or two whales, maybe 10 total to address all the exchanges at once. they could move the price in a serious way, and it wouldnt be that easy to detect if they were smart about it (gradual buying selling pressure over a week or so, instead of a huge dump/pump). this is pretty much the reason for the volatility, besides the fact that 90% of the market is weak hands
fundamentals work, but not all the time. the news is so important in this space, like forex. it pretty much completely drives the price, because the price is borne purely on speculation
