I've been trying to get some good counter-intel going to all this TA business, I use FA or Fundamental Analytics. I actually have a mentor who got me started in cryptos over a year ago, I threw $700 into the DAO and it went to ~$5,000 in 10 months. My mentor Stan was telling me to stay in ETH, due to the fundamentals. But I foolishly went after bigger gains, lost 70% of my earnings in a scam. We were conversing again via emails, he asked what I did online and I said I had a forum or 2 that I participated in mainly. He told me to try STEEMIT, I did that last May and I was hooked. The SP hodl and 13 week power-down restriction is genius, it keeps the cold feet folks in the game a bit longer than the other coins. I saw myself ride thru some bad times, here, but mostly Good.
I have moved a bunch of diverse crypto out of coin that was TA Locked in a death spiral, but I got it out just in time due to an email from Stan. Crypto is forming a perfect record of Seasonal Slump in Mid January. TA will fail Every Time! It's like Gold Buying Season in India, for Weddings, and China has precious metals peak times as well. The TA's fail there too, the real Traders KNOW the Fundamentals take over. Fundamentals look at LEADING INDICATORS and TA uses Lagging Indicators to try and predict future performance. TA is like a fine-tuning tool, but FA is what the engine is built on, the block, pistons and rods that drive the crankshaft output.
I have made some posts on FA, I do not pretend to be an expert but I do look deeper than the charts. I also have the background of Stan, whill is a crypto millionaire in his own right. He's lost more BTC on busted/lost computers than any technical analyst will ever own, he's paid his dues. I have too, but less losses and less experience, but I am very cautious and I just lay out FACTS, Fundamentals, and let my people decide. KIN tokens are my latest big thing, I have 1.3million of those and I'm waiting for it to go UP. It's for the KIK messenger platform, I'd love to see 8 to 10 cents minimum, I'll be sitting on a cool $100,000... We'll see, but I, unlike some TA guys, put my Money where my Mouth is. If I had just a little nudge, I believe I could compete and offer a solid alternative to "TA Fast Talk". Stan has a couple of the same coins on his list, but for entirely different reasons. It's because the coins have a solid foundation, NOT Current Market Sentiment. Have a great weekend, and Thanks for reading!