Technical Analysis and Fundamental Analysis

Article No 2

Date: 03/10/22

Topic: Technical Analysis and Fundamental Analysis

​Hi everyone

Hope you are fine and currently enjoying this platform today i was doing trading and i thought why not we all need to learn about technical analysis because mostly people Don't have knowledge about these analysis.

Market Analysis is essential when making investment decisions. Technical Analysis and Fundamental Analysis are two commonly analysis methods used by many investors.

A key distinction between Technical Analysis and Fundamental Analysis is that the Technical analysis uses more concrete and actual data, primarily price and volume data unlike Fundamental Analysis that examine the economic and political environment concerning an asset.

Fundamental A critics believed that they are not objective data but are the result of numerous estimates and assumptions that have been added together to arrive at a financial statement conclusion. Also, Technical Analysis critics says Technical Analysis frequently results in ambiguity. Two technical analysts can come to very different conclusions by using different approaches. Also, charts often appear very different on different time frames.

For my point of view that Technical Analysis is the best approach to use

I don't see how Fundamental Analysis will be effective trading like futures effectively or scalping

The only time it may help is if you're following the trend

Also Fundamental Analysis goes way deeper than just conditions

It is the total study of the market conditions based on things that have happened already and those things happening like the inflation rate, the federal reserve talks and so a many similar things

Iam not saying that fundamental Analysis is not good its also good some people will prefer this also, we learn the background of the project.. after that, we'll know if the project has a reason to go long term or not.. such like LUNA, i think most of people didnt analyze well the background of LUNC.. so nothing can help even LUNA was a blue chip cryptocurrency that time

❔Technical Analysis or Fundamental Analysis - Which is better and which of them is more important in crypto market?

🤔 Which of them do you use and which of them enable you to have a better analysis of the market or do you use both equally?

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