Fundamental or Technical Analyst. Which one are you?

[BeeIforai]

Hey there.
You're new to the world of crypto and boy are you confused. You're trying to keep up with everything, with every news, every strategy, but you end up getting more confused to the point of frustration.
Let me help. The first thing you need to put into consideration as a crypto trader is the type of trader you are.
Fundamental trading basically as to do with making your trading decisions based on the news releases concerning crypto.
Technical trading is essentially making your trading decisions using the charts, chart patterns, tools, indicator and some trading systems.
How do you know which one you are?
Practice with them, be consistent. You'll find what you're looking for.
To help newbies out there, comment what type of trader you are and why?

[mindrust]

Technical analysis is fortune telling. It is crap. More than that, it is a scam. You can't tell anything about the future by looking at the charts that happened in the past. It is gambler's fallacy. Just because you lost 20 times, doesn't mean you are going to win the 21st game. It is always about the fundamentals. If the fundamentals are crap, the rest has no meaning at all. The price can go up and down just because somebody wanted it to. It don't have to make any sense.

[BeeIforai]

There are people who have made a fortune trading Bitcoin with technical analysis, sir. Just because it doesn't work for you doesn't mean it's not working for others.

[SquirrelJulietGarden]

First you should start with fundamental analysis and you should be a long term investor. If you can get profit from long term investment, it means you have enough patience and discipline so you can think of the second option.

Second, technical analysis with which you must have both patience and discipline. Patience to wait for entry price that should be good for profit potentially and safe for risk management. Discipline to know when you should close your position even if you can not get profit. Closing a position with either a draw, a minor profit or a minor loss is a big success. Because you are good enough to protect your capital.

[Oshosondy]

Let me help. The first thing you need to put into consideration as a crypto trader is the type of trader you are.
Fundamental trading basically as to do with making your trading decisions based on the news releases concerning crypto.
Technical trading is essentially making your trading decisions using the charts, chart patterns, tools, indicator and some trading systems.
How do you know which one you are?
Practice with them, be consistent. You'll find what you're looking for.
To help newbies out there, comment what type of trader you are and why?

Are these the help? There is nothing more about the OP than defining what technical and fundamental analysis are. You even seem more of a newbie tradar.

Trading without technical analyses have no basis and the trader would likely fail and fail again and again.

There are more to trading than just what you post. There is no help that you offered at all.

[Wexnident]

Fundamental. I do try technical analysis but it's more like on a basis or something similar, I never set it as something that's going to happen as guaranteed but I also never put it past me to acknowledge the chances of it happening together with a bit of understanding about the results of fundamental analysis. That was in the past though, nowadays I just hodl and DCA, trying to read the market is stressful and most of the time of me trying to understand just makes me misunderstand it more.

[BitMaxz]

Technical and fundamental analysis are two different ways to analyze the chart/market.
Most traders use technical analysis to analyze charts and movement of the price in short term not good for the long term basis they only read charts and look for a signal before they decide when is the right time to buy and sell.
Unlike Fundamental analysis, this one is only good in the long-term, and Fundamental does not use MACD or RSI or any indicator that use for technical analysis.

Binance already has an explanation for these two strategies I would suggest you read this "Fundamental analysis (FA) vs. technical analysis (TA).

Or if you are looking for more about these two analyses you can find more from this "Awesome Crypto Trading" it includes free tools, simulators, and guides.

[Husires]

Knowing the type of trading will not help you unless you know how to deal with losses and the psychological aspects related to them.
Most of the people who failed in trading are either people who did not have enough courage and therefore fear of achieving the goal or they had too much greed that made them risk everything they had.
Balancing the two is the basis for achieving profits.

[Wapfika]

Knowing the type of trading will not help you unless you know how to deal with losses and the psychological aspects related to them.
Most of the people who failed in trading are either people who did not have enough courage and therefore fear of achieving the goal or they had too much greed that made them risk everything they had.
Balancing the two is the basis for achieving profits.

We need both to understand trading and to be able to carefully decide on what to do in our trades. It’s not necessary to master them but atleast consider them in doing trades and to have basis on analysis. What important is that we know what decision to made when dealing in the market depending on the market situation as well in news and how it reacts in it’s previous charts.

[fuguebtc]

Technical analysis is fortune telling. It is crap. More than that, it is a scam. You can't tell anything about the future by looking at the charts that happened in the past. It is gambler's fallacy. Just because you lost 20 times, doesn't mean you are going to win the 21st game. It is always about the fundamentals. If the fundamentals are crap, the rest has no meaning at all. The price can go up and down just because somebody wanted it to. It don't have to make any sense.

All are for reference only and are one of the factors for us to make the final decision. That is why the same technical method, the same knowledge, but the results and predictions of many investors are always different. Cant say they are completely useless because sometimes the past will repeat like we are expecting bitcoin to recover right after the halving, it has happened in the past as well. But don't over-trust it or abuse it completely. We know technical analysis, know fundamental analysis, and whales and sharks out there know too.

[mk4]

Technical analysis (with charts) is just so perplexing that I'd prefer to just invest fundamentally, and then make sure I have enough income outside of crypto to be able to invest consistently. It's simply just far less taxing for the brain in my case, as looking at charts the entire day is just ugh.

[palle11]

I don't believe the most important thing should be the kind of trader that you are but you need to know how to understand the knowledge that you have and put it into practice in trading. If you are a scalper, day trader or swinger all you need is to manage your account and increase your profitability. Risk management is important for all kinds of trading style. However to trade using technical and fundamental is good to balance your trading skills.

[Coin_trader]

Fundamental analysis is the most effective in crypto trading because crypto traders are very sensitive and easy to manipulate with simple news that is currently hot in crypto like the FOMC and CPI rates. Technical analysis in crypto is just a guide on trading when there’s no clear direction or news available but Fundamental Analysis always governed on crypto trading no matter what the signal given by the Technical Analysis.

This kind of shit show manipulation is the wild card on crypto trading because it’s very hard to predict when this kind of manipulation that breaks technical analysis will hit and devastate on crypto market more importantly that leverage offered by exchange is in insane amount.

[Apocollapse]

Any new coins released doesn't any fundamental yet, how it's possible for you analyze the performance based on the previous history? I'd say only Bitcoin is a coin who have a fundamental, other coins even top 10 on CMC doesn't really have fundamental due to they just following Bitcoin price. An actual coins will need to move alone without following Bitcoin, if they just follow Bitcoin price, why you need to choose other coin instead of Bitcoin?

[Mr.right85]

I take both of them as important as they all have have role to play and proves useful in certain circumstances although, most of us consider fundamental analysis to be most useful. Reason been that, fundamental analysis can change the direction of a trending market in an instant. Its an analysis that is brought out of news, news that could range from a huge investment to a spread FUD and they work quite well in persuading traders to trade. After which, you would find the technical part of it being very active.
They both work just fine and should be take into consideration. When your not so sure, its best you just let the market be.

[KingsDen]

Technical analysis is fortune telling. It is crap. More than that, it is a scam. You can't tell anything about the future by looking at the charts that happened in the past. It is gambler's fallacy. Just because you lost 20 times, doesn't mean you are going to win the 21st game. It is always about the fundamentals. If the fundamentals are crap, the rest has no meaning at all. The price can go up and down just because somebody wanted it to. It don't have to make any sense.

Not being a fan of technical analysis doesn't make it a crap. I so much believe that one cannot be a pro trader with only the knowledge of fundamentals. Both fundamental and technical compliment each other and in the end they play out the same thing. All you have to do is to be attentive to details and follow your strategies to the later.

Anything that happens in the fundamentals is always seen playing out in the chart. I can agree with you that Fundamental is the main analysis, but if you are not aware of the fundamental, with the movement of the chart, you will understand that something is happening and you will also understand to the extent it will happen because of the kind of movement that the chart is making.
But only the knowledge of fundamental will not be able to tell you where the fundamental effect will end.

[Fatunad]

Hey there.
You're new to the world of crypto and boy are you confused. You're trying to keep up with everything, with every news, every strategy, but you end up getting more confused to the point of frustration.
Let me help. The first thing you need to put into consideration as a crypto trader is the type of trader you are.
Fundamental trading basically as to do with making your trading decisions based on the news releases concerning crypto.
Technical trading is essentially making your trading decisions using the charts, chart patterns, tools, indicator and some trading systems.
How do you know which one you are?
Practice with them, be consistent. You'll find what you're looking for.
To help newbies out there, comment what type of trader you are and why?

Why you would need to choose if you could have two or both things? Come to know that this market doesnt only rely with full news and we know that there's no events or sentiments that do float
anytime which basically means that you would really be needing to learn up technicals for you to be at least versatile on different market conditions.
You could really choose in between basing up on the situation whether you would be using fundamentals or technical whether one at a time or both things in one go.
This one really varies because not all would really be having on the same intellect and experience from others.

[Silberman]

First you should start with fundamental analysis and you should be a long term investor. If you can get profit from long term investment, it means you have enough patience and discipline so you can think of the second option.

Second, technical analysis with which you must have both patience and discipline. Patience to wait for entry price that should be good for profit potentially and safe for risk management. Discipline to know when you should close your position even if you can not get profit. Closing a position with either a draw, a minor profit or a minor loss is a big success. Because you are good enough to protect your capital.

I think this is the right approach, newbies that come to this market want to start fast and they want to make a lot of trades and earn a lot of money in just a few weeks, and as you may guess those newbies are the ones that end up being completely destroyed by the market, newbies need to start slow, and they need to just buy bitcoin and hold it, then after they had proven to themselves they can hold their coins and they have learned more about trading then they could begin to use technical analysis to try to increase their profits, does this means that newbies could spend years before they even make their first trade? Yes, but at least to me that is the correct way for them to evolve.

[goaldigger]

There are people who have made a fortune trading Bitcoin with technical analysis, sir. Just because it doesn't work for you doesn't mean it's not working for others.

TA works, probably if it’s not working you just miss something or better yet try to combine it with the FA.
Fundamental and Technical analysis are both ok, this can be a good combination for you to be more successful. Many traders failed not because of TA but simply because of their emotion and being irresponsible. We can’t always win in trading and the only way to increase the chance of making profit is by doing your own analysis every time you trade or invest, don’t think for an easy money just be consistent.

[DoublerHunter]

There are people who have made a fortune trading Bitcoin with technical analysis, sir. Just because it doesn't work for you doesn't mean it's not working for others.

TA works, probably if it’s not working you just miss something or better yet try to combine it with the FA.
Fundamental and Technical analysis are both ok, this can be a good combination for you to be more successful. Many traders failed not because of TA but simply because of their emotion and being irresponsible. We can’t always win in trading and the only way to increase the chance of making profit is by doing your own analysis every time you trade or invest, don’t think for an easy money just be consistent.

^Definitely right, technical analysis, and fundamental analysis are both good for analyzing the market sentiments. If you will combine these two different analyses it could gather more accurate predictions of the market price. So there is no need to choose which one of them is the best because both are very useful in trading what you need. Some traders prefer to have more than one reference in analysis so that they can predict with have an accurate result.
However, all of these are just a tool in trading, it always remains unpredictable on the side of the crypto market.