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RE: Steemit Crypto Academy Contest / S7W3 - Understanding Crypto Trading

in SteemitCryptoAcademy2 years ago

Great post, @doppley. You've provided a comprehensive explanation of cryptocurrency trading, including the key principles that traders should keep in mind such as market analysis, risk management, and trading psychology. I especially appreciate the emphasis you placed on risk management, as it is crucial for traders to have a solid risk management strategy in place, especially in the highly volatile crypto market.

Your explanation of how to use fundamental analysis to generate trading ideas is also very informative. The research and analysis of the underlying blockchain technology of a particular cryptocurrency, as well as the team behind its development, is an important factor to consider when making trading decisions. The use of platforms like Santiment can be very helpful in this regard.

Your explanation of how to use technical analysis when trading on crypto is also very clear and informative. Technical analysis, when used correctly, can be a powerful tool for traders to evaluate price action and make more informed trading decisions. The use of historical data, charts, and indicators are key components of technical analysis. I also like your point that technical analysis should be used in conjunction with fundamental analysis to get a more complete picture of the market.

Overall, your post is a valuable resource for anyone looking to learn about cryptocurrency trading and how to build a trading strategy. Great job!

Regards, @fabiha

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 2 years ago 

Great analysis! @fabiha
This shows you took your time to dissect this publication. That’s quality curation right there
Glad to have you by my friend and thanks for the good comment :)

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