Quote from: cryptoaddictchie on January 11, 2025, 08:30:24 PM

Quote from: Asap264 on January 10, 2025, 07:49:26 PM

Absolutely agree with you! Fundamental analysis can be powerful in predicting market movements. Keeping an eye on news and events like fed rate decisions, interest rates, and other economic indicators can give you an edge in trading.

Yes it may be in general form or knowledge but lets agree that it really affects the market. Like the recent win of Donald Trump, during that time of the election when Donald Trump almost secure the office the bitcoin market pump hard since Trump is bullish on it. So we didnt need chart analysis there as major markets agree to its sentiment.

Fundamental analysis is good, but it is not always clear.

There are some news events that you can be sure of the effect it will have on the market while there are some other news events that you will be uncertain if it will make the market bullish or bearish this is why technical analysis is always needed to support fundamental analysis to increase the efficiency and chance of winning a trade.