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RE: Do Fundamentals Drive Bitcoin? Are You Kidding Me?
This is an issue that has troubled me since I started buying the Bitcoin. On the one hand I refuse to invest in something that cannot be objectively valuated. (People who read what I've written on the matter know I put a lot of thought into this.) On the other hand, that just doesn't seem to be possible in crypto but you can't deny the gains that BTC relentlessly achieves.
Thanks for the information on EWT. Every day I become more of a believer in mere technical analysis (based partly on the fact that news just seems wholely incapable of moving any markets--I would even go so far as to say September lows were due to iterative price action and had little or nothing to due with Dimon or PRC).
Keep up the good work.
Thanks tylr. Yes I used to trade a mix of fundamental and technical analysis and found filling my head with fundamentals tainted my trading. And. when I learned Elliott from Avi and his crew (now I'm on staff running the crypto service), I became consistently profitable across all the markets I trade. That doesn't mean every trade is right but we use objective levels in all our views so we know when we are wrong.