Fundamental analysis is not new to people who trade, there are traders who somehow still happen to do well with price action or other indicators and strategy without use of fundamental analysis. To which trader do you think fundamental analysis holds more significance to, is it the crypto trader or the Forex Trader? Who should take it more seriously?
I think fundamental analysis shines with stock trading especially but I am not talking about that high frequency algo trading. I mean classic buy and hodl daddy style investing. You check the ratios of the company, check its balance sheet, income statement etc and then make a decision. Either buy, hold or sell.
That kind of analysis is very limited when it comes to crypto and forex trading. These assets benefit more from technical analysis imo.
So If I am trading crypto, I already know the fundamentals already. I don’t need to do further research. Bitcoin has been the same bitcoin for the last 10 years. I already know that. I can only make decisions based on TA at this point.