Cryptocurrency Trading: Fundamental Analysis Versus Technical Analysis

in SteemitCryptoAcademy2 months ago

Last month China banned cryptocurrency for the year :) Yes, you got that right because it was not the first time nor the second either.

However, this time the ban hammer 🔨 knocked a bit heavier on the market as it reacted with a free fall.

That is basically a fundamental event that is bound to happen to coin values.

Whereas many people lost values of their coins, a few others gained by short-trading.

The point? Although fundamental and technical analysis work sometimes on crypto market, Most times, it is the fundamental events that determine a lot.

Take a look at what SFP (SAFEPAL WALLET TOKEN) did on Binance as seen on the image below.

IMG_20211013_211903.jpg

It is another clear evidence of Fundamental Analysis. The graph changed to a Tree 🌲 and grew astronomically :(, I wish I see the future attimes.

As a cryptocurrency trader, which Analysis method yields more funds to you?

Please feel free to share your thoughts.

Coin Marketplace

STEEM 0.51
TRX 0.09
JST 0.069
BTC 50225.61
ETH 4412.74
BNB 607.57
SBD 6.19