Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Lighthouze on October 01, 2018, 03:28:53 PM
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Having been in this space for a while now, I have noticed crypto assets tend to obey more of fundamentals than the technical. News tend to effect the price movements of these coins more. So I ask, as a crypto trader, which of them do you rely on the most, Technical Analysis or Fundamental Analysis?
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Fundamental analysis takes a long-term approach to investing. On the other hand, the short-term approach taken by technical analysis. I prefer long term approach.
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Both analysis have their pro and cons. Technical analysis give you a clear picture of the barcharts or candlesticks movement however if suddenly there is a big news market might be affected by what is happening currently.
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Although technical analysis provides us with all the statistical data, it is not enough to see the actual picture. Therefore, if we want to be successful at the core of the work, there is a need for basic analysis. PS: "Statistics are like women in mini skirts, they show many things, but they don't show the most important thing." Sir Alex Ferguson.
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Crypto market is too volatile and can be easily manipulated and has big correlation with news so I think that fundamental analysis does not have any sense here and I also have many doubts about technical analysis.
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I prefer fundamental analysis. Because with this analysis is a very good thing for me and this analysis is very profitable. I think that will benefit everyone more if they believe in fundamental analysis.
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We need all knowledge and experience to do business in cryptocurrency. Both technical analysis and fundamental analysis are important for us, so I don't think to apply only one of the two analysis. To know well the price movement is crucial in crypto market, traders will need it very much. Moreover if you do arbitrage, every second will be very meaningful and decisive for the success in this trading type. I remind you to master both technical and fundamental analysis.
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Each type of analysis has its advantages, but in general they are different, for example, in technical analysis you are guided only by graphs and indicators, and in the fundamental one, prices are predicted using financial performance indicators and the calculation of intrinsic value!