Crypto trading has the same principles as other trading, in this case traders must learn risk management to get big profits, but traders also get the chance of failure in trading crypto assets. then a crypto trader also needs to learn techniques in making decisions because one must understand analytical techniques before buying crypto assets which is the main basis for making decisions in the investment world.
We can build our own crypto trading strategy by increasing knowledge of Crypto market analysis. then with perseverance and trading experience we can take steps that are safe against the risk of failure or minimize the risk of loss.
Fundamental Analysis
Fundamental Analysis is the basis for decision making through the process of measuring the value of a crypto asset which can be seen from the economic, technological and management factors of a crypto asset and other related aspects. Now "how do I use Fundamental analysis to find this Crypto Trading Idea?"
To answer this question I will take the step of reading and studying the whitepaper which gives me complete crypto project information such as the target market for the crypto asset, the technology used and the team that released it.
Crypto technical analysis
Crypto technical analysis is a method of analyzing market movements through charts used by crypto traders, this method is usually used by experienced crypto traders, those of you who don't understand it can learn from experienced ones. for that I try to write how to use Technical analysis to trade in Crypto.
I will predict market movements and the number of transactions of an asset to take trading action by looking at previous price movements, either a week or a month ago which involves my knowledge of mathematics in analyzing charts to find the best price in a trade. The most important things to pay attention to are trendlines, resistance levels and market moving averages..
