Post
Topic
Board Trading Discussion
Re: Is Technical analysis a must know in crypto trading?
by
WeltZumerr
on 18/06/2023, 02:52:54 UTC
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.
Thanks for your insight! It's definitely true that technical analysis is a key tool for short-term trading, but I think it's important to remember that both technical and fundamental analysis have their place. While technical analysis is great for spotting short-term trends and opportunities, fundamental analysis is great for understanding the long-term health of the market. By combining both elements, traders can gain a more well-rounded view of the market that allows them to make informed decisions.