Fundamental or Technical Analyst. Which one are you? - page 2.

Silberman

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Quote from: gabbie2010 on September 25, 2022, 03:44:08 PM

Quote from: Luzin on September 25, 2022, 08:34:48 AM

Quote from: Franctoshi on September 24, 2022, 12:30:54 PM

I'm basically an Technical Analyst than fundamentals analyst because everything around Fundamental are represented there in the Chart, but I equally do pay attention to fundamental analysis when necessary, using the recent Fed tightening and hiking of interest rate for example ,I have been recently paying more attention to fundamental analysis like never before, and before carrying out any of my trades.

I'm trying to use both. When it is merged it is a strong prediction, although it is not guaranteed because Whales can always change all the state of the market and cancel our Analysis. But if not then I will use Technical to enter the market, if technical is bad but there are good Fundamentals then it can change the situation. But we have to minimize all analysis by determining the time we leave the market so that it doesn't get worse. We have to be disciplined with our strategy.

I used technical analysis most of the time however fundamental analysis is the mover of the market, but fundamental news occurs occasionally or once in a while that is the period the price experience massive pump or dump depending on whether it's a positive or negative news, personally my trading strategy is based on technical analysis which is dependent on Price Action using candlestick patterns and few indicators to aid my trades presently the market is in bearish sentiment thus I scan for Shorting opportunities using technical analysis while keeping abreast with any latest upcoming fundamental news that might make or mar price movement.

One of the problems with fundamental analysis is that even if it can tell you the direction the market can take over the long term it cannot tell you how big the movement will be or when the movement will actually happen, information that is key if you want to become profitable, it is because of this many traders decide to ignore that information because it is simply not that useful to them, since the only ones that can make use of that information are long term investors which can wait for years for results to actually materialize.

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Quote from: qwertyup23 on September 25, 2022, 06:58:10 PM

Quote from: Awaklara on September 25, 2022, 09:02:29 AM

Quote from: so98nn on September 25, 2022, 05:43:40 AM

I am logical thinker. Cheesy

I have stopped with those long ago with bitcoin and few of the Altcoins that I own. I am very much aware and used to guide everyone that fundamentals and technical analysis are the best instruments to understand and work on before investing your money. However, with the time things are way complicated with crypto currencies. For example, they are getting way more volatile as compared to previous year and to the previous year of that. So it’s kind of weird whenever we do those analysis they are not turning out 100% exact. Now I know that none of them always do but they don’t even keep us away from the alarming losses. So it’s better think logically, Check the math and invest.

you have a simple but reasonable thought. that's true because currently using technical and fundamental analysis is also more often deceived by market charts.
this may have more of an effect on short-term trading and investment. the analyzes carried out seem to have begun to experience a shift and are not by the previous one.
I might follow your thoughts Cheesy

Technical and fundamental analysis are those methods that significantly work in stocks since you have actual data to work on. With the data that you have, you can at least relatively predict when will be the next dip or rise on the price of a stock in order to maximize your profit.

Though that may be the case, it is a different playing field when it comes to cryptocurrencies. For one, the trading for crypto happens every minute, unlike in stocks, there are only designated times where you can purchase/sell. With the higher volatility, it can also be difficult to predict and forecast its next rise.

Stick with your gut and be knowledgeable about current events as they are definitely helpful in knowing at least the price of BTC in the market.

agree with this simple thinking, using analysis in stock or forex is essential as they have historical data with which we can make predictions for the future. as for the crypto market, apart from bitcoin being the oldest coin available, altcoins are still very new, we don't have too much data to research and analyze. for coins that are less than 1 year old and do not have too much data, where should they be analyzed?

not to mention the cryptocurrency market is still too small and the big players have enough capacity to manipulate the market, just one tweet from Elon sent the market into a frenzy, the analysis here is pointless.

Mr. Magkaisa

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Quote from: BeeIforai on September 23, 2022, 03:21:04 AM

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. Wink

To help newbies out there, comment what type of trader you are and why?

- Performing Fundamental and technical analysis is not easy to understand especially if a trader is a beginner in the cryptocurrency industry.
But if you fully understand this, the chances are high that you as an individual trader will surely experience a good income in the end.

However, you also need to give time and time to find out how it is studied and understood so that it will be easy for you in the future to get income here in crypto trading.

qwertyup23

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Quote from: Awaklara on September 25, 2022, 09:02:29 AM

Quote from: so98nn on September 25, 2022, 05:43:40 AM

I am logical thinker. Cheesy

I have stopped with those long ago with bitcoin and few of the Altcoins that I own. I am very much aware and used to guide everyone that fundamentals and technical analysis are the best instruments to understand and work on before investing your money. However, with the time things are way complicated with crypto currencies. For example, they are getting way more volatile as compared to previous year and to the previous year of that. So it’s kind of weird whenever we do those analysis they are not turning out 100% exact. Now I know that none of them always do but they don’t even keep us away from the alarming losses. So it’s better think logically, Check the math and invest.

you have a simple but reasonable thought. that's true because currently using technical and fundamental analysis is also more often deceived by market charts.
this may have more of an effect on short-term trading and investment. the analyzes carried out seem to have begun to experience a shift and are not by the previous one.
I might follow your thoughts Cheesy

Technical and fundamental analysis are those methods that significantly work in stocks since you have actual data to work on. With the data that you have, you can at least relatively predict when will be the next dip or rise on the price of a stock in order to maximize your profit.

Though that may be the case, it is a different playing field when it comes to cryptocurrencies. For one, the trading for crypto happens every minute, unlike in stocks, there are only designated times where you can purchase/sell. With the higher volatility, it can also be difficult to predict and forecast its next rise.

Stick with your gut and be knowledgeable about current events as they are definitely helpful in knowing at least the price of BTC in the market.

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Quote from: mindrust on September 23, 2022, 03:37:49 AM

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.

A lot of people dont understand your point because they got few profit from a fortunate technical analysis. Some even say technical analysis is for short term and this has failed most times in the short terms than the long term. The long term has been more profitable than short time.

in my opinion, it is better if you at least know both, fundamentals and technical aspects. but remember, if the coin is going to be a pump and dump coin, i don't think those analyses will help you, but your eavesdropping from social media channels will do. Grin

bottomline, it depends on the coin you are getting involved with. but the knowledge of both would surely help you gauge your next move. it may not be perfect but it may save you from big losses.

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Quote from: Luzin on September 25, 2022, 08:34:48 AM

Quote from: Franctoshi on September 24, 2022, 12:30:54 PM

I'm basically an Technical Analyst than fundamentals analyst because everything around Fundamental are represented there in the Chart, but I equally do pay attention to fundamental analysis when necessary, using the recent Fed tightening and hiking of interest rate for example ,I have been recently paying more attention to fundamental analysis like never before, and before carrying out any of my trades.

I'm trying to use both. When it is merged it is a strong prediction, although it is not guaranteed because Whales can always change all the state of the market and cancel our Analysis. But if not then I will use Technical to enter the market, if technical is bad but there are good Fundamentals then it can change the situation. But we have to minimize all analysis by determining the time we leave the market so that it doesn't get worse. We have to be disciplined with our strategy.

I used technical analysis most of the time however fundamental analysis is the mover of the market, but fundamental news occurs occasionally or once in a while that is the period the price experience massive pump or dump depending on whether it's a positive or negative news, personally my trading strategy is based on technical analysis which is dependent on Price Action using candlestick patterns and few indicators to aid my trades presently the market is in bearish sentiment thus I scan for Shorting opportunities using technical analysis while keeping abreast with any latest upcoming fundamental news that might make or mar price movement.

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Quote from: South Park on September 25, 2022, 02:24:39 PM

Quote from: so98nn on September 25, 2022, 05:43:40 AM

I am logical thinker. Cheesy

I have stopped with those long ago with bitcoin and few of the Altcoins that I own. I am very much aware and used to guide everyone that fundamentals and technical analysis are the best instruments to understand and work on before investing your money. However, with the time things are way complicated with crypto currencies. For example, they are getting way more volatile as compared to previous year and to the previous year of that. So it’s kind of weird whenever we do those analysis they are not turning out 100% exact. Now I know that none of them always do but they don’t even keep us away from the alarming losses. So it’s better think logically, Check the math and invest.

If you are having problems with the losses you are incurring then you need to investigate money management strategies, however while this may sound to be complicated it is not the case, one of the most simple strategies is that you never allow yourself to lose more than 1% of your capital in any single trade, this way no matter how many trades you lose in a row it is almost impossible to lose all your capital, and eventually once the bull market comes you will obtain good profits.

Always set out risk management yet this would really be the most important thing since you cant really just put up certain big percentages on every trade.Hence, come to think that we arent doing gambling on here

which does basically means it do really need up those kind of consideration and you cant really just make out trading positions without any analysis because it could really be that hard for you

to be that sustainable if you do really have that kind of behavior.If you do find out yourself on having both strategies to be effective then better make use of it.
Just like on what been said by the rest that you should really be that versatile on different conditions.

South Park

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Quote from: so98nn on September 25, 2022, 05:43:40 AM

I am logical thinker. Cheesy

I have stopped with those long ago with bitcoin and few of the Altcoins that I own. I am very much aware and used to guide everyone that fundamentals and technical analysis are the best instruments to understand and work on before investing your money. However, with the time things are way complicated with crypto currencies. For example, they are getting way more volatile as compared to previous year and to the previous year of that. So it’s kind of weird whenever we do those analysis they are not turning out 100% exact. Now I know that none of them always do but they don’t even keep us away from the alarming losses. So it’s better think logically, Check the math and invest.

If you are having problems with the losses you are incurring then you need to investigate money management strategies, however while this may sound to be complicated it is not the case, one of the most simple strategies is that you never allow yourself to lose more than 1% of your capital in any single trade, this way no matter how many trades you lose in a row it is almost impossible to lose all your capital, and eventually once the bull market comes you will obtain good profits.

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I would say I do both, but I wouldn't say I'm a pro at technical analysis, but I think to be a professional trader you must have to know technical analysis. And I think fundamental analysis is for new traders. I complete my day trading by doing technical analysis and also often trade with different news so you can tell me I am on both sides.

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I am a Fundamental trader, of course technical analysis and indicators are very important, but for me I think that positive or negative news related to the global economy or crypto regulations play a big role in the price movement, so I think that the analysis can be mistaken if there are some big news affecting the market .
Therefore, I adopt fundamental analysis, where you follow the news and collect data that can affect the movement of the market and based on that you can make a decision.

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Quote from: mindrust on September 23, 2022, 03:37:49 AM

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.

yup i agree with you. no one can tell the actual future of cryptocurrency by analyses token chart. But only one guess can be made by chart analysis . No one can ever tell the exact time when anyone will profit from any token . So wait patiently for profit. And when one is able to profit it will be the result of one's patience .

That's exactly, fundamental or technical analysis, there's really nothing to believe in them, if all could be seen and predicted on the chart then surely a lot of people wouldn't panic when the market declined. The charts are not a crystal ball and those who look at them are magicians who can show us all that will happen in the future. The market is governed by hundreds of factors, whale manipulation, macroeconomic influence...The best way is to just buy and wait, the market will not fall forever but will have to rise again.

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Quote from: so98nn on September 25, 2022, 05:43:40 AM

I am logical thinker. Cheesy

I have stopped with those long ago with bitcoin and few of the Altcoins that I own. I am very much aware and used to guide everyone that fundamentals and technical analysis are the best instruments to understand and work on before investing your money. However, with the time things are way complicated with crypto currencies. For example, they are getting way more volatile as compared to previous year and to the previous year of that. So it’s kind of weird whenever we do those analysis they are not turning out 100% exact. Now I know that none of them always do but they don’t even keep us away from the alarming losses. So it’s better think logically, Check the math and invest.

you have a simple but reasonable thought. that's true because currently using technical and fundamental analysis is also more often deceived by market charts.
this may have more of an effect on short-term trading and investment. the analyzes carried out seem to have begun to experience a shift and are not by the previous one.
I might follow your thoughts Cheesy

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Quote from: Franctoshi on September 24, 2022, 12:30:54 PM

I'm basically an Technical Analyst than fundamentals analyst because everything around Fundamental are represented there in the Chart, but I equally do pay attention to fundamental analysis when necessary, using the recent Fed tightening and hiking of interest rate for example ,I have been recently paying more attention to fundamental analysis like never before, and before carrying out any of my trades.

I'm trying to use both. When it is merged it is a strong prediction, although it is not guaranteed because Whales can always change all the state of the market and cancel our Analysis. But if not then I will use Technical to enter the market, if technical is bad but there are good Fundamentals then it can change the situation. But we have to minimize all analysis by determining the time we leave the market so that it doesn't get worse. We have to be disciplined with our strategy.

so98nn

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I am logical thinker. Cheesy

I have stopped with those long ago with bitcoin and few of the Altcoins that I own. I am very much aware and used to guide everyone that fundamentals and technical analysis are the best instruments to understand and work on before investing your money. However, with the time things are way complicated with crypto currencies. For example, they are getting way more volatile as compared to previous year and to the previous year of that. So it’s kind of weird whenever we do those analysis they are not turning out 100% exact. Now I know that none of them always do but they don’t even keep us away from the alarming losses. So it’s better think logically, Check the math and invest.

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Quote from: mindrust on September 23, 2022, 03:37:49 AM

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.

yup i agree with you. no one can tell the actual future of cryptocurrency by analyses token chart. But only one guess can be made by chart analysis . No one can ever tell the exact time when anyone will profit from any token . So wait patiently for profit. And when one is able to profit it will be the result of one's patience .

I agree that we can get a decent return from investing and trading in cryptocurrencies with patience and persistence.
Crypto movements are unpredictable and even though we can analyze market conditions well, there will always be mistakes, even if they are small.
But we can still follow its movement by reading a lot of useful information that we can get from many media.
But be careful with the news we read because most news only wants to attract investors to support one or a few coins, while the coins cannot increase after they invest or buy them.

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Quote from: ?? on ??

Quote from: mindrust on September 23, 2022, 03:37:49 AM

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.

yup i agree with you. no one can tell the actual future of cryptocurrency by analyses token chart. But only one guess can be made by chart analysis . No one can ever tell the exact time when anyone will profit from any token . So wait patiently for profit. And when one is able to profit it will be the result of one's patience .

That's true and indeed cryptocurrency is difficult to predict even though we have done an analysis but it is not a guarantee,
but that doesn't mean we don't need to do the analysis because that is the important part,
to make a profit one of the keys is patience

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Quote from: BobK71 on September 25, 2022, 01:41:39 AM

A trader needs to consider both fundamental and technical analysis to make profit in trading business. Only fundamentals or only technical will not always work. Fundamental and technical analysis both are reliable means of trading considering the market movement, nature and conditions. But between the two at first i prefer the fundamental analysis of any project then technical.

This two should apply depending in the situation. There were times that we need to buy or sell when there is only hype or when there are news that affecting the market, it mostly happened in hype coins or coins that are new in the market. While we can be technical for some coins that is able to recover in the market despite being in dump or in bear market. Both can be use and it will depend on us trader which suits or work best on us when we do trading analysis.

BobK71

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A trader needs to consider both fundamental and technical analysis to make profit in trading business. Only fundamentals or only technical will not always work. Fundamental and technical analysis both are reliable means of trading considering the market movement, nature and conditions. But between the two at first i prefer the fundamental analysis of any project then technical.

bhooscream

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In my opinion, we can combine the consideration based on the analysis of fundamental and technical analysis. fundamental will the community supports the current condition whether this will be buying or selling with certain coins in a certain rate because there are some big news influencing. Technically, we need also consider the technical analysis because we must know the probabilities of every chart indicator that wil commonly determine in what rate to buy or sell what coins, and also other analyses to be considered. If we can analyze both very well, then we can continue it to the application. But of course, technical analysis is not easy. I feel difficult to learn and make certain technical analyses.

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Quote from: BeeIforai on September 23, 2022, 03:21:04 AM

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.

When we are new to the world of cryptos, we start on the basics first and not these two so we aren't confuse yet if what is the ones that we will choose but once you advanced from being a newbie you will now have an idea if what are those. I think technical analysis is being used the most in trading while fundamental analysis are most preferred by the investors but combining both might also bring us some greater benefits.

Being a newbie is surely tough but we should only take things slowly or one thing at a time only so that we won't be pressured and there will be no confusions as that is bad and can only affect you in a negative way.

Topic: Fundamental or Technical Analyst. Which one are you? - page 2. (Read 649 times)