Fundamental Analysis or Technical Analysis - which is more important?

[goldade]

For one to make maximum profits in trading, it is absolutely necessary to depend on both Fundamental analysis and Technical Analysis. These two are extremely important.
However, if you're concerned as to which is more important as to make the most of the market, then I think Fundamental analysis is more important.
One can not rely too much on past events to predict the move of the market due to the extremely volatile nature of the market. However, news have always affected the move of the market and making predictions based on this can give one profits

[MCobian]

If you have been trading crypto for a long time, you will definitely agree that fundamentals and technical analysis are very important
to be able to predict prices in the market. But in my opinion technical analysis is much more important than fundamental analysis, because
based on my experience trading analysis technical is more accurate in predicting prices. Although there is no guarantee that 100% predictions
using technical analysis are correct. So still be careful when trading crypto, therefore it is very important to use the stop-loss feature,
if it is the result of technical analysis not accurate.

[luckyflop]

For bitcoin particularly I use TA sometimes, because the coin is old enough and has enough volume to do that but for ANYthing else, I would rather use FA , because most of them are new and in cryptocurrency, some times a coin moves 100% up or 100% down with which TA techniques you wanna explain that?!

[Salauddin1994]

In the case of trading it is not possible to do anything without basic knowledge just as it is not possible to do anything without technical analysis it will be very difficult to survive in the market technical analysis is the most effective. Is investing heavily in technical equipment starting with the index and ending with the drawing lines of the chart which helps us determine the trend. The advantage of technical analysis is a very descriptive presentation of the market that facilitates an understanding of the current market situation.

[AniviaBtc]

Both are important and have a good use in the market, but I prioritized using Technical Analysis because I see it much profitable for me.

This helped me a lot about the timing and patience, this also made me understand that there are a lot of possibilities that might happen in a short period of time.

It can improve your decision making to prevent bad timings, it will help you to have much clearer and certain perception towards the movement in the market. Most of the common mistakes of the newbies are decision making, that's why they aren't really making profits and instead losing their assets.

[TheUltraElite]

For bitcoin particularly I use TA sometimes, because the coin is old enough and has enough volume to do that but for ANYthing else, I would rather use FA , because most of them are new and in cryptocurrency,

I dont think we should divide the altcoins like that. Both FA and TA are important but what I have felt to be most important is that if you are going for a long term hold and sell your entry and exit points are, thus FA is what is needed. If you are day trading you need a lot more of TA and it is risky.

some times a coin moves 100% up or 100% down with which TA techniques you wanna explain that?!

There are inorganic pumps done by groups of cryptocurrency shills in a coordinated manner. You cannot explain or predict when this is going to happen unless you are one of them. The point is that doing TA on such a coin you will make a wrong prediction.

Rather if you hold such a coin already, dump it when this happens.

[Kasabus]

Both are important and have a good use in the market, but I prioritized using Technical Analysis because I see it much profitable for me.

This helped me a lot about the timing and patience, this also made me understand that there are a lot of possibilities that might happen in a short period of time.

It can improve your decision making to prevent bad timings, it will help you to have much clearer and certain perception towards the movement in the market. Most of the common mistakes of the newbies are decision making, that's why they aren't really making profits and instead losing their assets.

For me, both analysis can be very much helpful in achieving our goals in the crypto market. The more knowledge you will have, the higher chances of creating good profits in the market. But i also believe that there is more than these two. Discipline is what we also need the most particularly in trading. Technical and fundamental analysis won't end up having good results if we traders do not have discipline and don't have patience in whatever uncontrolled situations that may come in the market.

[nasipadang]

In terms of market movement, I think it is more inclined towards fundamental analysis, the more I come here I think it is easier for users to catch and be influenced by events, news and several other things to make market movements. But it doesn't hurt to have both, because TA is very influential for the mindset of users facing the volatile market of cryptocurrency.

[wxa7115]

FA is more important than TA when it comes to crypto market because most of the time our technical analysis predictions will go wrong due to the market sudden changes especially due to manipulation so it is important to concentrate on the fundamental analysis more than the technical analysis.

I disagree, if your TA is failing constantly that is not a sign that FA is the way to go what you need to do is to improve your TA.

FA is not really that effective in this market when 95% of the projects in this market are scams or are lead by developers that are only thinking about making money for themselves and for the most part the coins in which FA could be effective like bitcoin and ethereum there is no need to make any kind of analysis because anyone that has been in this market for some time already know that those coins are the best in the market.