Post
Topic
Board Trading Discussion
Re: Fundamental or Technical Analyst. Which one are you?
by
suzanne5223
on 26/09/2022, 21:16:23 UTC
Fundamental trading basically as to do with making your trading decisions based on the news releases concerning crypto.
Fundamental trading is not about trading based on release news that may impact the price of crypto. It's about the use of both economic stance and financial characteristics that determine the market's next trend which could be news, mining difficulty, halving effect, etc.

Technical analysis is fortune telling. It is crap. More than that, it is a scam. You can't tell anything about the future by looking at the charts that happened in the past. It is gambler's fallacy. Just because you lost 20 times, doesn't mean you are going to win the 21st game. It is always about the fundamentals. If the fundamentals are crap, the rest has no meaning at all. The price can go up and down just because somebody wanted it to. It don't have to make any sense.
This is the reason why I consider crypto trading to be a form of gambling because the Technical analysis which you see as crap the analysis used by most cryptocurrency traders but I personally like the fundamental analysis and this is the reason why I never day trade.