Post
Topic
Board Beginners & Help
Re: Learn how to read crypto market charts
by
nngella
on 24/02/2024, 13:22:56 UTC
All these won't be necessary for a long term holder so I will replace your quote with
Code:
HODL
. a long term holder have no reason to learn about market movement or charts although no knowledge is wasted you can just glance through it but there no need to stress on it. Only a short term trader would really need to know more about the charts and market movement.
[/quote]

I think what you are referring to is strategy.  Technical analysis and fundamental analysis are the two most prominent strategy in trading.  Technical analysis is more on a short term investment and mostly rely on human behavior and candle stick.  On the other hand, fundamental analysis study the income statements, balance sheets, and other indeces of the company to determine its worth and future prospect.  Because you are more on investing on the future of the company, fundamental analysis is more of a long term strategy for investment.