Wind_FURY
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Activity: 3136
Merit: 1948
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April 30, 2022, 12:52:13 PM |
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OP, for plebs like us, I am a strong believer of the HODL based on the Fundamentals of a coin, and the best in my opinion, would be Bitcoin. Because the problem with Technical Analysis is, there are people in the market who are hungrier, more talented, and more skillfull than us. Technical Analysis also doesn't work 100% of the time because more and more talented traders already know about it and they can counter-trade your trade.
I also think that bigger players can manipulate the market because they already seeing the market direction through the charts and they can hodl longer from selling or buying until the small traders get exhausted in the market getting RSI hodl overbought a longtime without reversal. Banks are capable of doing the manipulation as they have plenty money to lock around the market. The bigger players, knowing that plebs are looking at technical indicators in the charts, might be manipulating the market to "draw" a buy signal if they are selling, and a sell signal if they are buying. Bigger players also counter-trade a pleb's trade through stop-loss hunting, knowing that plebs now use stop-losses. It's better to HODL Bitcoin, maybe it's less short term profit, but it's less risk.
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Findingnemo
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April 30, 2022, 06:34:43 PM |
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FA for long term and TA for short term, can we get better answer than this? To speculate you can use anything, just be good at it and convince others that you are better at analysing but in reality short term speculations are ineffective because the market can react to any news either positive or negative which will completely break the trend and set for new ones.
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barbara44
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May 03, 2022, 04:44:31 PM |
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One of the massive benefits of Technical Analysis is that, once you have enough knowledge about it, it is extremely possible to analyse an asset’s chart and determine its direction in the span of minutes. Keeping in mind that new crypto services make it possible to automate Tech Analysis, we end up with a process that is even more better and faster.
The most recent and leading advantage is that Technical Analysis helps traders with clearly defining, valuable information such as price targets, support levels, resistance levels.
MEANWHILE, The benefit of Fundamental Analysis is that it provides an impression of how valuable a cryptocurrency is without any speculation. Once a bubble pops it can blow projects out of the water, but if the chosen project is backed by real value, it will survive temporary market volatility and come back stronger than ever.
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Mpamaegbu
Legendary
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Activity: 2912
Merit: 1236
Once a man, twice a child!
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May 03, 2022, 05:33:34 PM |
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I'm more of a TA than FA person. I recognize that the two work together for the same purpose of achieving gain, and that's the manner I use them. No TA person relies on TA alone but an FA person can rely solely on news and still be profitable. The only time a TA person doesn't reply on FA is if they're going in on long term. They tend to look at trend from higher time-frames of Weekly & monthly, discover it and ride on it without minding momentary news. If charts are plotted well, price is expected to follow that path either slowly or quickly. That journey of when price will finally hit target from the eye of TA depends on news. This is why support and resistant lines are very important in charts.
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jrrsparkles
Sr. Member
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Activity: 2520
Merit: 280
Hire Bitcointalk Camp. Manager @ r7promotions.com
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May 04, 2022, 05:47:30 PM |
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Absolutely TA for short and mid term prediction because FA is for long term and there cannot predict the price ranges, we can simply assume how much it will reach but with technical analysis it is more possible to predict and speculate for all time ranges but with less accuracy because technical analysis predict the future based on past but future trends might be changed by lot of external factors.
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Johnyz
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May 04, 2022, 08:46:29 PM |
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Absolutely TA for short and mid term prediction because FA is for long term and there cannot predict the price ranges, we can simply assume how much it will reach but with technical analysis it is more possible to predict and speculate for all time ranges but with less accuracy because technical analysis predict the future based on past but future trends might be changed by lot of external factors.
This is also my view on FA and TA, they both good but serve its different purpose depends on your strategy and plan. If a trader looks for a day to day basis, TA can be a good option but if a trader wants to trade for long, you can use TA to know when to enter and sell, and use FA to know which coin to buy. It can be good to use both sometimes, you just need to blend it perfectly.
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lalabotax
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May 04, 2022, 09:45:03 PM |
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Is it with: TECHNICAL ANALYSIS From the above explanation which could you as a trader possibly go with and why?
Actually so far, I am not really good at TA, just little bit to understand and use them by trying. But it seems like not very work for me because sometimes, my analysis is very bad honestly That is why I prefer to use more fundamental analysis, moreover I am not a day trader, so I prefer to focus on the projects that have good and strong fundamentals to set certai target price for short term or long term holding. But it doesn mean that FA is better than TA, I only said that FA is more suitable for me
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rhomelmabini
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May 04, 2022, 09:51:00 PM |
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Is it with: TECHNICAL ANALYSIS From the above explanation which could you as a trader possibly go with and why?
Actually so far, I am not really good at TA, just little bit to understand and use them by trying. But it seems like not very work for me because sometimes, my analysis is very bad honestly That is why I prefer to use more fundamental analysis, moreover I am not a day trader, so I prefer to focus on the projects that have good and strong fundamentals to set certai target price for short term or long term holding. But it doesn mean that FA is better than TA, I only said that FA is more suitable for me I actually like both analysis since it has both advantage and disadvantages but it matters to the individual since we are all unique even on trading. Technical Analysis is recommended for day traders and to those who like whing trades like you and me, Fundamentals is the perfect fit for it. There's no one can tell if it's FA or TA, as I've said it could be subjective on both terms and to individuals.
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Fatunad
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May 04, 2022, 09:55:34 PM |
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Is it with: TECHNICAL ANALYSIS From the above explanation which could you as a trader possibly go with and why?
Actually so far, I am not really good at TA, just little bit to understand and use them by trying. But it seems like not very work for me because sometimes, my analysis is very bad honestly That is why I prefer to use more fundamental analysis, moreover I am not a day trader, so I prefer to focus on the projects that have good and strong fundamentals to set certai target price for short term or long term holding. But it doesn mean that FA is better than TA, I only said that FA is more suitable for me I actually like both analysis since it has both advantage and disadvantages but it matters to the individual since we are all unique even on trading. Technical Analysis is recommended for day traders and to those who like whing trades like you and me, Fundamentals is the perfect fit for it. There's no one can tell if it's FA or TA, as I've said it could be subjective on both terms and to individuals. Considering that not all the times the market would generate out some news or events which you could make use or treat as FA which means that you would really be ending up on using TA's in the end of the day.It isnt really bad to have both ways for you to identify possible trends or paths on where prices could go via these indicators or analysis. It doesnt matter which one you would use as long you could make profits then that what surely counts.
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boty
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May 04, 2022, 11:41:28 PM |
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FA for long term and TA for short term, can we get better answer than this? To speculate you can use anything, just be good at it and convince others that you are better at analysing but in reality short term speculations are ineffective because the market can react to any news either positive or negative which will completely break the trend and set for new ones. both TA or FA could use as long term or short term,in my opinion both have strong corellation for price movement. market moment, market sentiment will be trigger price action and it could describe on chart. short or long could be effectiive in we could analize the sign that given by technical analisys. neagtive or positive news only be trigger for TA.
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DanWalker
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May 05, 2022, 12:59:48 AM |
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Everyone wants to make a lot of money when participating in the market so to become a good trader we should not ignore 1 in 2, learn and use both methods on TA and FA. The market operates outside of supply and demand, cryptocurrencies are still manipulated by big forces, so the use of TA and FA is for reference only, there is no guarantee of 100% accuracy. Personally, I'm a long-term holder, so I usually use FA more than TA. It depends on the needs of each user.
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Ararbermas
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May 05, 2022, 01:29:41 AM |
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Actually both because they're the most important to see if the project is really good or not such as the data of the project and the structure of the growth rate on the market.
For me before making TA i used to make FA first to get more information especially if my investment or trades is for long. Because without such strategies for sure it's like your just guessing the future of the project like literally, i mean no you don't have any information how good the project is.
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Shasha80
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May 05, 2022, 01:54:59 AM |
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Is it with: TECHNICAL ANALYSIS From the above explanation which could you as a trader possibly go with and why?
Actually so far, I am not really good at TA, just little bit to understand and use them by trying. But it seems like not very work for me because sometimes, my analysis is very bad honestly That is why I prefer to use more fundamental analysis, moreover I am not a day trader, so I prefer to focus on the projects that have good and strong fundamentals to set certai target price for short term or long term holding. But it doesn mean that FA is better than TA, I only said that FA is more suitable for me Indeed, not everyone understands technical analysis, and it happened to me too when I first started trading. But because I was interested in becoming a successful trader and able to make big profits, it finally made me interested in studying technical analysis. It is not easy to learn technical analysis, there are some things that are difficult for us to understand if we are not assisted by a mentor. That's why I spent money on trading courses, so that I could be guided by a mentor to better understand how to trade properly, including in the trading course I learned how to do the correct technical analysis. Now I feel I can do technical analysis well, it really helps me in predicting price movements in the market. So I suggest you also take a trading course, so you will understand better how to do technical analysis properly. Because in my opinion we can't just rely on fundamental analysis if we want to achieve maximum results in the crypto world. I think the combination of technical analysis and fundamental analysis will make us more accurate in predicting the market. So it's better to understand both of them than just one of them.
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rhomelmabini
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May 05, 2022, 06:17:19 AM |
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Is it with: TECHNICAL ANALYSIS From the above explanation which could you as a trader possibly go with and why?
Actually so far, I am not really good at TA, just little bit to understand and use them by trying. But it seems like not very work for me because sometimes, my analysis is very bad honestly That is why I prefer to use more fundamental analysis, moreover I am not a day trader, so I prefer to focus on the projects that have good and strong fundamentals to set certai target price for short term or long term holding. But it doesn mean that FA is better than TA, I only said that FA is more suitable for me I actually like both analysis since it has both advantage and disadvantages but it matters to the individual since we are all unique even on trading. Technical Analysis is recommended for day traders and to those who like whing trades like you and me, Fundamentals is the perfect fit for it. There's no one can tell if it's FA or TA, as I've said it could be subjective on both terms and to individuals. Considering that not all the times the market would generate out some news or events which you could make use or treat as FA which means that you would really be ending up on using TA's in the end of the day.It isnt really bad to have both ways for you to identify possible trends or paths on where prices could go via these indicators or analysis. It doesnt matter which one you would use as long you could make profits then that what surely counts. The thing is news don't come at the same day, news or events most of the time for fundamental stuffs has been shared in the past. I think the saying "buy the rumor, sell the news" is still a thing here when using FA and I definitely tend to agree in that case. TAs are definitely great but if you're a swing trader you still need FA with you and I've been used to that stuff for months now.
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Kimonoe
Member
Offline
Activity: 700
Merit: 10
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May 05, 2022, 03:49:01 PM |
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Is it with: TECHNICAL ANALYSIS From the above explanation which could you as a trader possibly go with and why?
Actually so far, I am not really good at TA, just little bit to understand and use them by trying. But it seems like not very work for me because sometimes, my analysis is very bad honestly That is why I prefer to use more fundamental analysis, moreover I am not a day trader, so I prefer to focus on the projects that have good and strong fundamentals to set certai target price for short term or long term holding. But it doesn mean that FA is better than TA, I only said that FA is more suitable for me Indeed, not everyone understands technical analysis, and it happened to me too when I first started trading. But because I was interested in becoming a successful trader and able to make big profits, it finally made me interested in studying technical analysis. It is not easy to learn technical analysis, there are some things that are difficult for us to understand if we are not assisted by a mentor. That's why I spent money on trading courses, so that I could be guided by a mentor to better understand how to trade properly, including in the trading course I learned how to do the correct technical analysis. Now I feel I can do technical analysis well, it really helps me in predicting price movements in the market. So I suggest you also take a trading course, so you will understand better how to do technical analysis properly. Because in my opinion we can't just rely on fundamental analysis if we want to achieve maximum results in the crypto world. I think the combination of technical analysis and fundamental analysis will make us more accurate in predicting the market. So it's better to understand both of them than just one of them. Fundamental analysis is indeed more difficult to do. and unfortunately I tried several times for technical analysis on new coins it was not effective, of course we have to know fundamentally about the project. this is different from high-end coins, where only with technical analysis may we be able to make money, because the trading volume is high, so it is more difficult to manipulate. therefore with technical analysis we must be able to place its use, so as not to get trapped
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lombok
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May 05, 2022, 03:54:30 PM |
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If in crypto, both of them.
I think TA and fundamentals are interrelated, in a stable Bitcoin market. If the Bitcoin market is volatile and tends to experience drastic price drops, both are useless (especially if Bitcoin is in bearish mode), if BTC is in a bearish condition, our playing space in altcoins will be destroyed if we analyze incorrectly, because sometimes both types of analysis (TA and Fundamental) useless at all.
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Silberman
Legendary
Offline
Activity: 2716
Merit: 1383
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May 05, 2022, 06:58:57 PM |
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Absolutely TA for short and mid term prediction because FA is for long term and there cannot predict the price ranges, we can simply assume how much it will reach but with technical analysis it is more possible to predict and speculate for all time ranges but with less accuracy because technical analysis predict the future based on past but future trends might be changed by lot of external factors.
This is the correct answer, if we are thinking on investing in a coin for the long term and we plan to hold our coins then fundamental analysis is the correct tool for the job, however if what we want is to become a trader and we are interested in making short term profits then without a doubt technical analysis is the superior choice out of the two, and the reason for this is simple, an asset will inevitable more towards the direction of its fundamentals given enough time but this is not true on the short term where many other factors can take precedence and in order to take them into account technical analysis is needed.
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Benefactor
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May 07, 2022, 08:37:13 AM |
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TA and FA are valuable to reach a determination and theory however recall that they are only an instrument to anticipate the market value, we ought to realize that we don't have the foggiest idea how precise they are after making such hypothesis. The specialized pointers when observed intently are awesome to conjecture the future event of the market yet fundament.
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boyptc
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May 07, 2022, 10:07:45 AM |
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If in crypto, both of them.
I think TA and fundamentals are interrelated, in a stable Bitcoin market. If the Bitcoin market is volatile and tends to experience drastic price drops, both are useless (especially if Bitcoin is in bearish mode), if BTC is in a bearish condition, our playing space in altcoins will be destroyed if we analyze incorrectly, because sometimes both types of analysis (TA and Fundamental) useless at all.
Sometimes all you need is to TA when you're active daily in the market. But for someone who just checks the market and you're a long guy. FA is all you need to aside from all of those basic information you've known across the market because you know that it's going to what the market will rely on when the other analysis doesn't work.
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lablab03
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May 07, 2022, 11:13:45 AM |
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For daily trading the most important is TA (technical analysis) especially for quick profits, coz all you need to do is to see the structures on the lower time frame just to get more information or should say what's the trend on the graph to get the opportunity to make quick profits. And for FA(fundamental analysis) this is most important unless if you're planning to make long term coz you need to accumulate more data about the project to see if they're qualified as a good investment coz mostly is for hypes only in the market so this one is necessary to apply when choosing a projects to investment.
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