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Author Topic: You lean towards Technical Analysis or Fundamental Analysis?  (Read 198 times)
figmentofmyass
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February 26, 2019, 08:37:39 PM
 #21

I think TA is a crock of shit. As for fundamentals analysis, fundamentals are still very, very thin on the ground.

Why is there never any mention of emotion/ psychology analysis? That's the one and only driver of this thing.

Until I sat through another bubble and its pop I got increasingly bored of that anatomy of a bubble chart but emotions are playing out just the same as the last time. It goes to show that there's nothing new under the sun after all.

why do you think TA is a crock of shit? if you think market psychology matters, i'm at a loss for why you're so against TA.

market psychology and TA are closely related, two peas in a pod. the former is a function of price and the latter is a study of price. when i read sentiment and long/short ratios and things like that, i consider that under the umbrella of TA because those are gauges of supply/demand, not fundamentals.

that's all TA is attempting to do---gauge supply and demand. that's why volume and historical support/resistance levels are the most important factors to watch.

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February 26, 2019, 08:43:21 PM
 #22

why do you think TA is a crock of shit? if you think market psychology matters, i'm at a loss for why you're so against TA.

market psychology and TA are closely related, two peas in a pod. the former is a function of price and the latter is a study of price. when i read sentiment and long/short ratios and things like that, i consider that under the umbrella of TA because those are gauges of supply/demand, not fundamentals.

that's all TA is attempting to do---gauge supply and demand. that's why volume and historical support/resistance levels are the most important factors to watch.


I get what you're saying. Perhaps I should've framed it in a more long term aspect.

Unlike a deeply established market, all it takes is one twitchy kiddie to spunk all over everyone's carefully crafted analysis.

I remember a Hollywood mogul saying that if he'd said yes to everything he'd turned down and no to everything he greenlit he'd probably be in the exact same position today. I get the same feeling for that.

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February 26, 2019, 09:22:49 PM
 #23

Unlike a deeply established market, all it takes is one twitchy kiddie to spunk all over everyone's carefully crafted analysis.

The cure for that is to stop analyzing short term charts, so you don't care about intraday movements. Most scalpers get chewed up and spit out of the market. A minority of them wisen up and become longer term swing traders. One market buyer/seller should never affect your analysis.

The only difference between Bitcoin and more established markets is the Bitcoin market is thinner and more speculative. That makes it more volatile but it doesn't make it fundamentally different.

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February 26, 2019, 09:29:30 PM
 #24

The cure for that is to stop analyzing short term charts, so you don't care about intraday movements. Most scalpers get chewed up and spit out of the market. A minority of them wisen up and become longer term swing traders. One market buyer/seller should never affect your analysis.

That's where most of the TA happens though. And it's usually thrown in the bin within a few minutes which is why it gets on my nerves so much. I don't recall a single day trading TA type correctly calling the 6-3 grand drop. Not one.

Plenty who stepped back and took a wider view often voiced 6k was unlikely to be the bottom so they sound more like your type of person.

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February 26, 2019, 10:08:18 PM
 #25

Fundamental.

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February 26, 2019, 10:21:38 PM
 #26

The cure for that is to stop analyzing short term charts, so you don't care about intraday movements. Most scalpers get chewed up and spit out of the market. A minority of them wisen up and become longer term swing traders. One market buyer/seller should never affect your analysis.

That's where most of the TA happens though. And it's usually thrown in the bin within a few minutes which is why it gets on my nerves so much. I don't recall a single day trading TA type correctly calling the 6-3 grand drop. Not one.

Plenty who stepped back and took a wider view often voiced 6k was unlikely to be the bottom so they sound more like your type of person.
Well due to technical analysis, which is very used by many traders, what does not work is when you use so many tools like ema, bollinger, rsi, among others, some use triangles, if the triangle breaks, then the price will increase or vice versa , this is what I do not share the technical analysis, because no indicator will show you the market phase, nor can you calculate the emotions of the people who are negotiating.

I analyze the market at intervals of time in months, weeks and days, I think the analysis at shorter intervals, is a theme of adrenaline, in how to show what you think will be given. The fundamental analysis helps me to understand the value and the price ... But before any type of analysis, the fundamental thing is to understand the market to use these analyzes.



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March 06, 2019, 08:09:09 PM
 #27

Short term speaking definitely TA, long term speaking definitely FA. The thing with the crypto market in the short term is that it doesn't care about the fundamentals.
~
The trend is your friend. If you continued being overly bullish during an obvious bear trend, you have done nothing but lose money trading it or paper value holding it.
I agree on using TA for short term trading, because almost all crypto traders are in it for quick profit
so following the trend would be better than analyzing fundamental for future market
too many FUDs and fake news makes FA somewhat unreliable Undecided for crypto trading

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March 07, 2019, 12:41:11 PM
 #28

As of now only technical analysis and news of course because i want to know the next direction of growth rate..it's very difficult to be honest especially on this situation which is market nowadays become very unpredictable after the sudden fluctuation ,that's why doing technical analysis is my only hope as of now just to keep my portfolio fine despite of this situation.

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March 07, 2019, 03:45:53 PM
 #29

I choose technical analysis because it is always directional, steady and most get to destination if news does not break the trend. TA would have been giving a lot of profit if not news.

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March 07, 2019, 04:41:28 PM
 #30

As of now only technical analysis and news of course because i want to know the next direction of growth rate..it's very difficult to be honest especially on this situation which is market nowadays become very unpredictable after the sudden fluctuation ,that's why doing technical analysis is my only hope as of now just to keep my portfolio fine despite of this situation.
Looking at news is somehow and someway part of technical analysis. Everytime a news pops out I always wait if the market will react on it through BTC price charts and some of the news really has some bearing on the price actions happening in the marketing. You will see some volume changes and price changes as soon as a news goes viral. I always treat news as an early indicator on where the prcies are headed which you can also take as an advantage in your trades.

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