Essential Rules For New Investors: Fundamental Vs. technical Analysis …
In financial world, technical analysis is a breakdown methodological approach for anticipating the trend of prices through the observation of historical market data, primarily price and volume.
Fundamental Analysis (FA) in the Crypto space makes sense because it helps to comprehend the business or project valuation.
It further helps make decisions based on the performance and strength of the company or project.
But technical analysis is basically performed through the study of past market data, primarily price and volume.
Since crypto market has been highly volatile the price can go up and down within minutes.
Thus, it involves a heavy risk if you play with your money based on technical analysis.
If you want to be a disciplined investor or trader, you should learn acting based on fundamentals.
So, instead of chasing the market you better focus on understanding the whitepaper, team’s profile and accomplishments.
