Post
Topic
Board Trading Discussion
Re: I need to learn techincal Analysis?
by
seleme
on 16/10/2021, 21:28:10 UTC
I invested in cryptocurrency in March of this year for Experimental. What I understand is that you should not invest only by reading the post or by searching Google. I should learn market analysis. Or there is another way to understand the market?
^ In most cases as of now fundamental has most likely had a good result in the market when there is a FUD around, BTC price will most likely react the price and it could possibly move the price expectedly. When it comes to technical analysis, I don't know how accurate is this, because as they say, the BTC price will repeat itself but I don't find on the chart that the price has the same movement compared to this current situation. However, in my case, we should also need to learn both analyses, the fundamental and technical analysis so that we can compare both results and pick which one is the most accurate analysis that we can use in predicting price.
Learning both fundamental and technical analysis will let the trader understand what is going on in the markets, the sentimental analysis also lets the trader find the trading patterns by checking the general market sentiment. Without fundamentals it is hard to know the direction of the market trend, technical analysis doesn't give the expected result due to the unpredictable nature of crypto markets.