Sulexbaron

Yeah technical analysis is indeed very lengthy, but it's definitely a plus to have TA skills

Lemme welcome everyone to my blog, this is my first post on crypto talk and I'll spend the next couple of weeks teaching technical analysis.. without further Ado, let's get the party started already... Every instrumental market has 2 approach for determining/anticipating price movement. Which are (Technical and fundamental analysis). Both technical and fundamental analysis has been proven to work on any financial market such as forex, crypto, stock, commodities futures etc. Fundamental analysis. Fundamental analysis involves taking advantage of the fundamentals of a project to anticipate what the price trajectory will look like. for instance, you are trading the currency pair “USD/ZAR” in forex, but before deciding whether to long or short the currency pair, you decided to take a sneak peek into various economy of the countries involved (i.e. United states and south Africa) in the course of your homework, it became evident that the united-state has a higher GDP compared to south Africa and also, the economic and standard of living of the people in the united states is obviously better than that of south Africa. So for this reason, you decided to go long on the currency pair USD/ZAR. This type of market analysis is what is termed fundamental analysis. Let’s take another instance, Block one will be having a major announcement on June 1st, so for this reason, so many people has gone ahead to stock up some EOS tokens with the sole expectancy that this announcement has the tendency to sky rock the price of the EOS token. Fundamental analysis in a nutshell is all about studying the underlying factors of a financial security before making any financial decision. Technical analysis. Technical analysis on the other hand involves analyzing trends and trying to figure out when to enter or exit a position. One major thing to always look out for when entering or exiting a position is support and resistance. Support is the lowest point the price of a financial security made before a reversal occurs. while Resistance on the other hand is the highest point an asset traded before a fall in price sets in. support and resistance are more reliable when price test them several times but they fail to break. Technical analysis is scientifically based on chaotic theory. Technical analysis basically involves utilizing the past behavior of charts to effectively predict the future. Technical analysis helps you predict the future of price movement by looking at past price action, basically a market has three movement i.e. up, down and sideways movement. Always keep it at the back of your mind that past performance is never guarantee of future performance. When trading technical analysis there are two factors to put into consideration i.e. Range and Trend. Range is when the price is generally moving sideways and Trend is when price moves generally upward direction or a downward direction. A technical analyst can take advantage of both the Range and Trend, depending on price environment, technical analysis can help you determine when to enter or exit a position TA makes use of charts to make predictions. A chart shows price movement over time a chart simply consist of the price of an asset plotted in a vertical axis against time in the horizontal axis Technical analysis is very broad so different traders utilizes different trading strategies in conjunction with different indicators to achieve positive results. Every trading strategy has proven to work with the right attitude and proper money management Original article posted by me on trybe.one https://trybe.one/market-analysis-technical-and-fundamental-analysis