Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Bobcrypto on August 24, 2019, 09:16:34 PM
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We have these options in predicting crypto prices namely, technical analysis, fundamental analysis and sentimental analysis.
The technical analysis is getting information or satistical trend through the past coin activities etc.
The fundamentals analysis is getting basic information about coin movements from the project management and relying on them to predict the coin prices.
The sentimental analysis is getting infomation from certain key players involved in the market e.g journalist, influencers and consumers involved.
I also think that there are other better price predictions analysis that could help to get certain degree of coin price accuracy. However, i have considered sentimental analysis as the best for traders and other participants. Which of these analysis stated above do you considered as best for coin predictions?
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"The sentimental analysis is getting infomation from certain key players involved in the market e.g journalist, influencers and consumers involved".
I think sentimental analysis the most suitable for us to follow, because the information obtained from direct actors is usually more accurate and reliable because it has been proven in the market and field.
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This is a good topic to discuss but I think it will better if you make it be "a poll". So, everyone can vote and we clearly find out the statistics of voters. ;)
Regarding your question above, I think to grab information from the real players should be the most effective way of making a prediction. So, I choose the sentimental analysis.
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This is a good topic to discuss but I think it will better if you make it be "a poll". So, everyone can vote and we clearly find out the statistics of voters. ;)
Regarding your question above, I think to grab information from the real players should be the most effective way of making a prediction. So, I choose the sentimental analysis.
Thank for your concerned, let see how the community shared their thoughts, and voting may be added. Thanks
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The technical analysis is getting information or satistical trend through the past coin activities etc.
For me the most important for prediction is technical analysis. So +1 vote for it.
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Yeah, members may now vote for their choices on the best price predictions analysis stated at beginning of this post. Thanks
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I think that sentimental analysis and fundamental analysis are most suitable for price forecasting, but any analysis in cryptocurrencies does not allow making forecasts for a long period of time. Because in the crypto world, everything is very unpredictable and any scandal or negative news can collapse the project price and in the future provoke a panic and sale of coins that will bury the project. For a more objective analysis, you need to constantly monitor news from the world of cryptocurrencies, for this I use different services, one of them is https://cryptopanic.com but there are other good news aggregators.
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I agree with you,
and I prefer two analyzes, first technical analysis and second is fundamental analysis.
both of these analyzes are very important to use,
while the third analysis is only supporting, and actually news or information from the media that circulates is only to increase the FOMO or FUD.
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I would stick to TA and FA. I don't really consider sentimental analysis as an option, it's where pump and dump usually happens.
I think sentimental analysis the most suitable for us to follow, because the information obtained from direct actors is usually more accurate and reliable because it has been proven in the market and field.
Can you show me an analysis where it is more accurate? The effect of "shilling" from these influencers have been either positive or negative to the price.