There are THREE types of market analysis . 1 . Technical analysis (...
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1. Technical analysis (when you make predictions based on price movements)
2. Fundamental analysis (when you make predictions based on economics)
3. Sentiment analysis (when you make predictions based on your own opinion)
Each trader has their own unique style in how they prefer to analyze the market.
A technician will use the past as their map, as they truly believe that history repeats itself.
A fundamentalist will use news events and supply and demand to steer their trading. This is essentially Economics 101.
A sentiment analyst has their own thoughts and feelings towards why the market moves a certain way. Typically, this is a MIXTURE of all trading styles, and let’s the trader “play with an edge.”
Comment below and tell me what type of analyst YOU are!!!
*PS. Don’t forget guys, when you finish trading always move your cryptocurrency from your exchange to your wallet, don’t store anything in your exchange! Also, make sure to consult with your personal financial advisors before taking action on anything
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