Quote from: Hamphser on June 17, 2023, 10:14:49 PM

Quote from: doomloop on June 17, 2023, 06:29:32 PM

Quote from: Pamadar on June 14, 2023, 10:12:30 AM

Quote from: awik p on June 14, 2023, 02:12:48 AM

in doing short-term trading, I think we are more inclined to use technical analysis than fundamental analysis, because we analyze the market every day. so it is not possible to use related fundamental analysis for long term. therefore every trader must be able to analyze chartists to find support and resistance to place transactions. and we certainly have to follow market movements more often. or we can place targets and stop losses and we can leave them.

Different types of strategy can be done once you are already familiar with how the market moves.

It's always depends from how you understand the situation and how you adjust with every market movements, same with other
trading industry, there are stiuation where you can buy when fear is dominating then sell when everyone are thinking that it
will pump for more, TA will give you hint and it's very useful if you know how to play it well.

The cryptocurrency market moves in 3 ways. And they are; Upward, Stable, and Downward. Once we know all these movements, we can also create 3 kinds of strategies for it. Crypto trading doesn't have a big difference from other trading markets. If there is one major difference that will only be volatility in crypto which are very high.

We are free to apply some strategies we have on other trading markets. The one that you are telling there which is to buy when others are fearful are I think mainly used for investing and not really for trading. The crypto trading is unpredictable but doing a technical analysis can be a big help to us to have a better success rate.

And the hardest to read up is on the time that it do make out some consolidation or sideways movement period on which it is really that very hard to tell on where it would be going next. This is where technical

analysis would really kick and be useful on which you could really be able to make out some charting and using up with those technical indicators on which it would really be giving off some hint on how the market
is behaving and showing off some potential next movement but of course this isnt something that you could really be able to precisely predict on where it would be going.
This is why it would really be that important that you should really be at least aware of the risks but since you would really be making out some strategies then this is
what matter the most and not just making any step without any considerations or analysis which its a pure gamble.

Indeed, any decision without proper knowledge about it will fall into a gambling type of investment.

More on how you deal with your study and research, the more you focus on learning different factors that may affect the market
the better you can analyze the situation.

With that, you may establish a good pattern where you can make more winning trades compared with those losing position,
TA is important, it lessens the fear in you when the situation is not moving the way you assess. It can extend your patience knowing
that chance to push back will take place.