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RE: BTC: Trend Prediction Working! Part 1
So this TA actually work?
There is another form of analysis I read about, a couple of years ago. Fundamental Analysis. This form of analysis is based on the "traditional" tools of business accountants use all the time, and sounded more "true" to me.
But here on steemit, TA seems to be the way to go for a lot of people. Do you think is as good as it is regarded here?
For cryptos is hard to use the same parameter since as a new asset class there is little historic information to compare to. We could use other parameters, like the real economic use of currency pretenders, but unfort. it does not work due to the current high investment as speculation.
Once the market matures I expect that we will switch to a more traditional environment.
Interesting. So, is there an actual "competing" system of analysis for TA in highly speculative scenarios, like Cryptos and ICOs?