Right, Twitter by it self is a wealth of info but the problem here is how you can trust in these random information you see all over the place. From 10 trading advice you get for free 9 out of them are from heavy bag holders that are spreading the word for their own profit. However, having a trusted source to verify your decisions with is a good option IMHO.
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i would advise to not look primarily at crypto-news or financial news, rather at the fringe. if you are perceiving a macro view of all information, synapses are possible which validate trends and forecasts. crypto is by nature deflationary and unpredictable, so there is not going to be a truly effective way to analyse it using existing financial tools.
Yes correct. Even so, sometimes very simple technical analysis on some coins (like recently for me on LTC) can help you to get in for huge profits. So it shouldn't be underrated.