Hey guys,
By recent Fear&Greed Index bitcoin is in extreme greed area, usually it's a sign of decline in price or even crash. I've been observing this index for quite some time and find it pretty accurate, of course it doesn't give you the exact day or time but it indicates the sentiment on the market. Do you ever use this index in your trading analysis?
To tell you frankly dude, I had been hearing Fundamental and technical analysis for quite sometime but never try to apply this in the actual trade.
Or I maybe applied sometimes Technical Analysis just don't when bur most of the time I most often depend only on the coins in the platform exchange that has a good volume and huge traders as well something like that.
Fundamental analysis is very complex in analyzing. I personally use technical analysis or chartist more often. on the one hand with technical analysis we can day trade and get multiple profits. Fundamental analysis will usually have an effect in the long run, I think the most important thing is back to personal trading style, which one we are more comfortable wearing