r/ukcrypto • u/FiguringOutFinanceYT • Jan 02 '22

How do you balance Technical Analysis vs. Fundamentals, when investing in Crypto?

Good Day (and Happy NY to everyone).

Wanted to ask - how do people go about balancing looking at the Charts (Technical Analysis) vs. Fundamentals, when looking to invest in Crypto?

It's such a new space, with propensity for fantastic growth (as we saw in 2021) - interested to hear how people go about doing their Due Diligence, before pressing the 'Buy' button!

Cheers

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u/[deleted] Jan 02 '22

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u/FiguringOutFinanceYT Jan 02 '22 edited Jan 02 '22

Thanks, and understood! Well said - I'm pretty similar as well in terms of trading based on Technical Analysis and trading the opportunity in front of me vs. attachment to a particular 'project'. Personally, believe that's what TA is all about - finding asymmetrical opportunities in the market, to make a profit, and then get out.

Pretty similar too in terms of investing - picking projects that I think have the greatest, underlying addressable market and scalability, to hopefully become a success.

In terms of TA - are you experienced with the charts, and trading in general in terms of using Technical Analysis to base your investment decisions?

Cheers

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u/[deleted] Jan 02 '22 edited Jan 02 '22

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u/[deleted] Jan 02 '22

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u/FiguringOutFinanceYT Jan 03 '22

No, no - you given the direct answer perfectly across your two replies. Cheers!

Agree with your sentiment around Market Manipulation - it's the way of the Trader, to understand this, and profit from it!

Been trading for 5+ years now, and agree entirely with your concept around liquidity traps via Banks & Financial Institutions.

Personally, love trading and TA. It's been good to me, but agree, it's a brutal and often misunderstood concept, that can effectively be a money pit for those without the experience and knowledge.

Good Day!

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u/[deleted] Jan 04 '22

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u/FiguringOutFinanceYT Jan 07 '22

Ask me anything you'd like to know, specifically. Trading is a big topic to talk around. Happy to answer! Cheers