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TA vs FA
Technical Analysis vs Fundamental Analysis
TA works 90% of the times, FA works many times but when FA works, TA takes a backseat
Don’t blindly use TA during times of major economic events & catalysts from other co-related markets
Thread 🧵
Technical Analysis vs Fundamental Analysis
TA works 90% of the times, FA works many times but when FA works, TA takes a backseat
Don’t blindly use TA during times of major economic events & catalysts from other co-related markets
Thread 🧵
It’s wise not to use TA during the black swan events or during uncertain emotional events
Wait for that event to pass & TA will eventually takeover price action
Global stocks are dumping hard with Nasdaq $NQ leading the pack. For now $BTC is closely correlated with #Nasdaq
..3
Wait for that event to pass & TA will eventually takeover price action
Global stocks are dumping hard with Nasdaq $NQ leading the pack. For now $BTC is closely correlated with #Nasdaq
..3
#Bitcoin gave up all the gains and is back below original breakout levels. I won’t apply TA for the day until I see Nasdaq finishing a floor. The dump is brutal and hard.
Next support for NASDAQ is 5% away from current levels. Let’s wait and see if that holds
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Next support for NASDAQ is 5% away from current levels. Let’s wait and see if that holds
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