Technical analysis on btc or better just rely on fundamentals and news? - page 2.

john2231

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Quote from: muncuss on October 11, 2017, 05:47:28 PM

Rarely use technical. Because i'm not doing day trading (day trading use technical, right?), i prefer buy then keep for some time. And i sure many people like me so maybe that's why people are much more influenced by fundamental (news, rumor)

Quote from: Nick7815 on October 11, 2017, 05:15:22 AM

and that news seem to have a higher impact on btc than candlestick formations or so..

They are both are works technical analysis and fundamentals and news this is base in what i experience before bitcoin is not really well known it will be hard to see the movement of the price last 2014 to 2015 only technical analysis that we can use.. but after this 2015 the news was starting rising about bitcoin that can gives you idea that bitcoin could be increase more in the future until now that news can gives you signal to know if the price of bitcoin could be price down or increase..
So both of them are actually needed the same what other people think.. but most of traders doing is technical analysis if you wanted really to know if how long the price will increase or decrease..

CoinsCoinsEverywhere

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From my observations, technical analysis works pretty well with bitcoin, as it should with any auction-style financial market. The basic principles of bitcoin trading are the same as trading anything else like stocks, futures, etc. That said, news and fundamentals should not be ignored. The way I see it, news and fundamentals determine the long-term trend, while technicals drive the the price on a short-term (e.g., intraday) basis.

BureauChef

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Quote from: Nick7815 on October 11, 2017, 05:15:22 AM

do you think it makes sense to do technical analysis for trading btc? I ask because i think that btc is no "ordinary" assset just like forex or stocks and that news seem to have a higher impact on btc than candlestick formations or so..

Watching the market fundamentals and news about coins is very needed, but making technical analysis and playing with price charts are also very significant to make the trades much better.

dead_m92

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It is so important to make your own analysis, it doesnt matter if you are making analysis for stock market or bitcoin. Remember that they all have the same patterns and reactions about the price and it's volume, so in fact, they work at the same way, and indicators works the same too.
Obviously, that news affects a lot too.

muncuss

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Rarely use technical. Because i'm not doing day trading (day trading use technical, right?), i prefer buy then keep for some time. And i sure many people like me so maybe that's why people are much more influenced by fundamental (news, rumor)

Quote from: Nick7815 on October 11, 2017, 05:15:22 AM

and that news seem to have a higher impact on btc than candlestick formations or so..

alfs75

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Quote from: Nick7815 on October 11, 2017, 05:15:22 AM

do you think it makes sense to do technical analysis for trading btc? I ask because i think that btc is no "ordinary" assset just like forex or stocks and that news seem to have a higher impact on btc than candlestick formations or so..

Both of them are useful in trading of stocks,investment etc.you must do technical analysis base on the statistic trending of what happen in blockchain market,you must observe the digital currency price whether its pump or dump.while on other hand you must use also fundamental analusis best on what you heard and observe the currency new's happening of crypto currency world.both of them are our weapons in making investment better.

Xavofat

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Did you see that ludicrous display last night?

IMO, technical analysis is most useful when observing long-term trends. When you're dealing with BTC, people start taking trends that people observe over several months in normal markets over just a few days to a couple of weeks in BTC markets (like double tops and double bottoms) and acting as if they're an accurate way of predicting market movements.

It's difficult to pin down fundamentals though, since BTC isn't really worth anything by default (similarly to other assets) - you just have to look at things that might affect people's perceptions of BTC, such as transaction fees and network congestion; potential increases or decreases in congestion (such as the percentage of SegWit transactions gradually increasing); the certainty of the network (and what events may cause uncertainty, such as forks); transaction volume; new merchants and more.

Generally with fundamentals the smartest people are the ones who buy before the news, so you need to analyse the information already available to make predictions for future news, rather than just reacting to the biggest recent piece of news.

gabbie2010

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Both technical and fundamental analysis are basic tools needed for a successful trading of bitcoin.
Technical analysis is the key for spotting price reversal especially when trading bitcoin using Japanese candlesticks in higher timeframe, there are some important candlesticks when formed at s/r area will triggers price reversal meanwhile fundamental analysis is the driving force of the price, it dictates price volatility.

wandlmxp

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Probably It has some rules for BTC. But most of the time It's just based on the news. Now it's pumping just because of the coming fork.

DaMut

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there are no better between one of those because both of them are one,
because no matter what, you need to do the technical analysis to read the map(what will it be and what is going on),
and then make a move based on the fundamentals and news.
both of them needed when you want to make an action and strategies.
you can not rely on technical analysis or fundamentals and news because your action will not flexible.
Bitcoin is no 'ordinary' asset as you described above,
that is why you need to do more than before.
it's very unpredictable,and nobody can read it fully,because it can be manipulated easily by peoples/groups

HeRetiK

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Quote from: Nick7815 on October 11, 2017, 05:15:22 AM

do you think it makes sense to do technical analysis for trading btc? I ask because i think that btc is no "ordinary" assset just like forex or stocks and that news seem to have a higher impact on btc than candlestick formations or so..

In my opinion technical analysis makes more sense than fundamentals in the case of BTC.

At least based on the assumption that the fundamentals of BTC hardly ever change in a meaningful way -- neither the BCH fork, nor the closure of Chinese exchanges have reduced BTC's value proposition all that much, and that's just recent examples. News events seem to mostly accelerate the market, ie. serving as a catalyst that forces the market to retest upper and lower bounds earlier than it would have otherwise. The drop to USD 3k,- would arguably have happened either way, just not as soon, if it wouldn't have been for China.

Nick7815

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do you think it makes sense to do technical analysis for trading btc? I ask because i think that btc is no "ordinary" assset just like forex or stocks and that news seem to have a higher impact on btc than candlestick formations or so..

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