This dude doesn't care one bit about fundamentals.
For a die-hard technical analyst like @haejin, fundamentals such as news arrive to justify the predictable, pre-dictated wave activity of a chart.
It's takes some getting used to, this idea that the cart is pulling horse, but you can think of charts as cardiograms of the collective unconscious....
Its very hard to get head around, and 70% or not more of pro traders would disagree with Haejin but for me it makes sense. When you see the Fibonacci sequence used often to precisely the golden ratio you have to ask yourself, what is going on here.
It takes an open mind, a person of great intelligence to see that as haejin, and the godfathers before him, Edwards and Magee said, it really is a quantum event.
All this bends peoples heads. it makes no sense, but when did nature care what you or thought. Haejin has opened my mind to a world that i thought was only available to the mega rich. Crypto really does give the power to the people.
That is the power of Bitcoin.
Yes, and then in the instance where TA marries a coin with fundamentals that you believe in, aka EOS, I think you've really got a winner. And after all, if charts and prices are a reflection of sentiment, then surely there must be some of the fundamentals of the project embedded in that sentiment. That is, someone excited about a project that they learn about now feels compelled to invest in it, and thus there is price action
The layers are many!