Quote from: Mpamaegbu on May 19, 2019, 05:51:28 PM

Quote from: l3jmr on May 14, 2019, 02:48:12 PM

"The 95% use a purely technical approach to speculation and investing, relying on articles written by their favourite crypto guru for their analysis. Bitcoin has been leading the crypto market higher over the last month, and as prices move higher so will the expectations of Bitcoin's future.

Most find speculation and investing hard. It's because we are just not wired to be good at it. Almost everything we think we should do will hurt, and almost everything we believe will harm us won't."

https://www.altcoinsidekick.com/blog/frequency-range

hmmm do you believe that to be true??

I had to bold that to emphasize my point, otherwise I should've had it in quote alone. That statement is contrary. Technical Analyses rely on indicators, not on articles. When you refer to articles or news, you're referring to Fundamental Analyses.

When it comes to trading cryptocurrency, Technical Analyses are bullshit. What truly drives the crypto market is news. News can easily make a mess of whatever TA in place because the industry is fast paced and relies on hype.

That is true, but sometimes it's hard to know how important is that news for the market. We have never sure if the market is reacting like that because a particular news. You may see btc pump now and explain it as a consequence of Flexa third party payment service for crypto currency and the global brands also adopting it through Flexa, but is it what is really driving the market up?