Bitcoin : Technical And Fundamental Differences
Technical Analysis
Technicians (sometimes called ‘chartist’ alias traders using a technical approach) take a practical approach, look at the history of security (using price charts) and apply various analytical tools to gain a better understanding of how the market responses about the security of a particular asset.
The technicians know that they can see past the volatility and identify the uptrend as they see the higher order of the highest and highest values of the lowest value. By analyzing the average moves, traders can get a better estimate when there is a shift memontum. That way they can know when is the best time to buy or sell their assets.
Fundamental Analysis
Unlike technical analysis, price is the main focus with fundamental analysis so it is almost the opposite of the technical system. You want to find a basic, or intrinsic, value of security. Anything that affects firm value is a fundamental component of analysis, whether it involves major influences such as the economy as a whole or the specific factors such as company management, revenue, profit growth, and profit margins. Instead of using technical charts, merchants look for difficult data for security evaluation. The company’s financial statements are the starting point.
Bitcoin
Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority.
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