Both are better and are important. But a trader should pay more attention to the news than technical indicators. It should be in the ratio of 70 - 30. The news is important because it will avail you information of the latest
sentiments in the market and how they positively or negatively impact the worth of Bitcoin. It acts as a future predictor and therefore more attention should be given to it.
I disagree with you.
News is like tip of iceberg but it is not the real reason. Real reason is because of technical indicators show that the market must have a big change so news is released to direct the market to what it should move. Do you see like after a market has its big movements, hours later you will see some articles on Coindesk, Cointelegraph and other sites to make it like there are reasons for the latest big movement. It is to make people think that the market is actually moving naturally. In fact it moves by manipulation from Market makers.
Agreed, sometimes the news is released just to legitimize market manipulation by market makers to make people believe that the market is reacting to the news and not being manipulated. But it also depends on the case and the type of news, such as news about the war between Russia and Ukraine, it is not a pre-arranged thing but a surprise. To monitor the market, we need a combination of many factors, none of which are more important than the other, all of which are essential to us.
There's no way on pointing it out or justifying that it does really affect up the market.We know that this market is really that highly reactive when it comes to new or events
which anytime we do see some fuds or negative news then we do directly make out some assumption that the market might be going down or would be having that decline,
but it is really how many times that it do proves out that no everything would be relying on what type of news that we are currently reading on.
Therefore, its not really that worth to make out some finalization.
Analysing the trend of the crypto market can be very complicated, base on the fact that their are two major deciding factor in price analysis when trading, which are the technical indicators an news about a project.
I have not been in the crypto space for not too long but I have come to the conclusion that the news is more influential in the trend of the market than the technical indicators, guys what do you think?
The news is more powerful since everyone is aware of it, and it has a significant impact on investors. If there is terrible news, many people will panic and the price will fall, even if the price rises according to your market analysis. As a result, if you engage in fundamental analysis, your trade can be really effective.
Aside from that, it is still powerful to trade using simply technical analysis because many traders have become lucrative even without the news; in trading, the news is generally utilized for manipulation, thus traders usually follow it.
It indeed powerful yet we are just human beings which are susceptible when it comes to market conditions which our emotions are the main reason on why we would make out some
immediate response whether we would really be selling it up or would really be tending to buyback basing up on the market condition whether it would be that negative or positive.
TA's are helpful because we could project on whats the potential movement or pathway on which a certain coin would might to go on.
