Topic: Fundamental or Technical Analyst. Which one are you? - page 3. (Read 649 times)
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.
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.
However, all of these are just a tool in trading, it always remains unpredictable on the side of the crypto market.
In fact, not only that, but many more references can be applied in trading.
So I agree with you.
Technical analysis is fortune telling. It is crap. More than that, it is a scam.It is always about the fundamentals. If the fundamentals are crap, the rest has no meaning at all.
It may be fortune telling but why so many pro traders like to use technical analysis more than fundamental? Do they only use it to show up or to make them look smarter? Because many of the post about technical analysis are hard to understand. Fundamentals on the other hand isn't always guaranteed because sometimes the information that we scan online is not legit. 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.
Never heard of the phrase "history repeats itself? This was true on so many things including here in cryptos. Maybe we can't win the 21st game but we can possibly win on the 22nd, 23rd, and so on games. Same thing can be applied in the price. Maybe there are no good recoveries this month but there might be next month or so. 
Also observed that most fundamental analysts or traders are just looking at fundamental parts of cryptocurrency are the most people who don't trade frequently compared to traders that more into technical analysis which they trade in just technical parts like what they analyze on their charts.
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?
Imagine been a technical trader and after so much good analysis on your chart and you see everything all good and placed a trade then boom a news pops up that affects your trade because you are not a fundamental trader you feel it's a slight retracement and them boom again a long candle stick takes you off your trade or the direct opposite happens how do you explain that ?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?
Having both knowledge as a trader makes you ready for what ever surprise the market can present and also keeps your trade in check on when to take profit and zoom off the market
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.
I agree, most of the traders that I see is that they're more for technical analysis. But I tell you what, it's better to have a balanced analysis and you're covering both of them.I'm more for the fundamentals and it's easier for me to look at it but nothing beats that you know both sides of it and you're not just relying on one of them.
But for anything that works for you, you only need to be consistent there until everything is not working anymore so you have to choose and try again.
I’m still wondering why many are still confused about the function of this two and wondering why they have to choose only one where in fact they can use both to have a better result. FA can be a good warning not to invest on new projects with a poor plan and roadmap, while TA tells the price trend which can help you decide either to buy now or wait further. Traders are using FA without noticing it, news and looking at the total supply are FA because that talks about the project itself. If your focus is purely price trend, then that’s TA.
It can both work better sometimes but many are focusing on TA which is fine as long as they know how to maximize it.We all have our own strategy and different approach towards this market, what goods for us might not be ok to others same thing with TA and FA. I do use this both sometimes but since I'm trading with only good coins, I'm confident that they already have a good Fundamentals and that's why I tend to skip that part. FA might play its crucial role if you are dealing with the shicoins, I suggest to do this at all cost.
I’m still wondering why many are still confused about the function of this two and wondering why they have to choose only one where in fact they can use both to have a better result. FA can be a good warning not to invest on new projects with a poor plan and roadmap, while TA tells the price trend which can help you decide either to buy now or wait further. Traders are using FA without noticing it, news and looking at the total supply are FA because that talks about the project itself. If your focus is purely price trend, then that’s TA.
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.
However, all of these are just a tool in trading, it always remains unpredictable on the side of the crypto market.
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?
I think fundamental analysis is not made for Cryptos atleast the one that we currently have in place worldwide. There is a different type of fundamental analysis which is based on the idea and utility of the project but to be honest that is also quite subjective and has a minimal success rate. I have seen pretty good projects finishing in vain and sometimes pretty bad projects picking up huge fundings. I feel that instead of this one should focus on accumulation of top coins during the bear market and selling off during the bull run. 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?
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.
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. 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.
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 floatYou'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?
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.
Some people 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.
Both fundamental and technical analysis could be applicable in one's trading journey. Our success using these strategies will depend on how deeply we understand the market movement and our knowledge of dealing with it. If a single technique didn't work for you, it doesn't mean that it isn't useful. Fundamental and technical analysis are actually both necessary for us to succeed in trading and we only have to be knowledgable about how to apply them. 
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.
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.
They both work just fine and should be take into consideration. When your not so sure, its best you just let the market be.
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?
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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.
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.
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.
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.
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