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Technical analysis vs fundamental analysis: Which one is better in the cryptocurrency market? Let's settle this
🧠 Technical analysis vs fundamental analysis
Which one is better in the cryptocurrency market? Let's settle this! 👇
🎯 First: What is fundamental analysis? (Fundamental Analysis)
Fundamental analysis means you study the "real value of the project", not just its movement in the market.
✅ You ask questions like:
Who is the founding team?
Does the project have a real goal?
How many users are there?
Which one is better in the cryptocurrency market? Let's settle this! 👇
🎯 First: What is fundamental analysis? (Fundamental Analysis)
Fundamental analysis means you study the "real value of the project", not just its movement in the market.
✅ You ask questions like:
Who is the founding team?
Does the project have a real goal?
How many users are there?
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The difference between blockchain and digital currencies (simply and without headache!)
💡 First: What is blockchain?
Imagine with me:
Every time someone makes a "transfer" or "transaction" online, it gets recorded in a giant digital ledger, but the unique thing about this ledger is:
🔹 Not just available from one entity – it's distributed across thousands of devices around the world!
🔹 You can't modify or delete anything in it – any information recorded stays there forever.
🔹 Exposed to everyone (but without mentioning names) – meaning it's transparent and secure at the same time.
Imagine with me:
Every time someone makes a "transfer" or "transaction" online, it gets recorded in a giant digital ledger, but the unique thing about this ledger is:
🔹 Not just available from one entity – it's distributed across thousands of devices around the world!
🔹 You can't modify or delete anything in it – any information recorded stays there forever.
🔹 Exposed to everyone (but without mentioning names) – meaning it's transparent and secure at the same time.
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Explanation of Candles (Bullish Engulfing - Bearish Engulfing)
Explanation of candles (Bullish Engulfing - Bearish Engulfing)
💚 Bullish Engulfing
(Bullish engulfing)
🔸 What does it mean?
Bullish reversal pattern = The market was down and started to turn up.
🔸 Order:
First small bearish candle (red or black).
Second bullish candle (green or white) that completely engulfs the body of the first candle.
🔸 Where does it appear?
At the end of a downtrend = Strong buyers' entry sign 💪
💚 Bullish Engulfing
(Bullish engulfing)
🔸 What does it mean?
Bullish reversal pattern = The market was down and started to turn up.
🔸 Order:
First small bearish candle (red or black).
Second bullish candle (green or white) that completely engulfs the body of the first candle.
🔸 Where does it appear?
At the end of a downtrend = Strong buyers' entry sign 💪
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What is a Doji Candle?
Simply put... a candle that indicates confusion in the market 😵💫
It means buyers and sellers entered a match... but no one won!
👀 What does it look like?
Its body is very small or almost nonexistent
Opening price ≈ Closing price
It may have wicks (upper or lower or both)
📌 This shape tells us:
"The market can't decide whether to go up or down... there's hesitation!"
What does it mean in the market?
It depends on where it appears in the trend:
✳️ In an uptrend:
It may indicate weakness among buyers and a possible bearish reversal
✳️ In a downtrend:
It may be a sign that sellers are tired and a possible bullish reversal
⚠️ But wait, you analysis genius 👨🏫
We shouldn't rely on it alone! It must be accompanied by:
A confirmation candle (bullish or bearish after it)
Support or resistance
Other indicators like RSI or MACD
🎯 Live example:
Imagine the market was rising strongly, and suddenly a Doji candle appeared →
This tells us: "Ahem... some people are starting to doubt!" 🤔
If a strong red candle follows? It means a potential drop!
Simply put... a candle that indicates confusion in the market 😵💫
It means buyers and sellers entered a match... but no one won!
👀 What does it look like?
Its body is very small or almost nonexistent
Opening price ≈ Closing price
It may have wicks (upper or lower or both)
📌 This shape tells us:
"The market can't decide whether to go up or down... there's hesitation!"
What does it mean in the market?
It depends on where it appears in the trend:
✳️ In an uptrend:
It may indicate weakness among buyers and a possible bearish reversal
✳️ In a downtrend:
It may be a sign that sellers are tired and a possible bullish reversal
⚠️ But wait, you analysis genius 👨🏫
We shouldn't rely on it alone! It must be accompanied by:
A confirmation candle (bullish or bearish after it)
Support or resistance
Other indicators like RSI or MACD
🎯 Live example:
Imagine the market was rising strongly, and suddenly a Doji candle appeared →
This tells us: "Ahem... some people are starting to doubt!" 🤔
If a strong red candle follows? It means a potential drop!
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What is a Hammer Candle? 🔨(Hammer)
- It is a candle that forms at the end of a downtrend, and it tells us:
"Get ready, traders, the market might reverse!" 🚨📈
- What does it look like? 🤔
A small body (short candle)
A long lower wick (shadow) that is several times the body
Almost no upper wick or it is very small
It usually forms at the bottom of a downtrend
- What does it mean simply?
If the market was crashing, and suddenly the hammer appeared:
This means that selling has stopped and buyers have entered the game strongly 💪💰
It means the market tried to drop further, but buyers said: "That's enough!" and pushed the price back up before it closed.
So can I rely on it alone? 🤨
No, of course not! ✅
As I said: it is a confirmation tool, not a definite indicator.
You need to wait for:
A subsequent bullish confirmation candle (Bullish Confirmation)
Or see strong support at this level
Or use other indicators like RSI or MACD
- It is a candle that forms at the end of a downtrend, and it tells us:
"Get ready, traders, the market might reverse!" 🚨📈
- What does it look like? 🤔
A small body (short candle)
A long lower wick (shadow) that is several times the body
Almost no upper wick or it is very small
It usually forms at the bottom of a downtrend
- What does it mean simply?
If the market was crashing, and suddenly the hammer appeared:
This means that selling has stopped and buyers have entered the game strongly 💪💰
It means the market tried to drop further, but buyers said: "That's enough!" and pushed the price back up before it closed.
So can I rely on it alone? 🤨
No, of course not! ✅
As I said: it is a confirmation tool, not a definite indicator.
You need to wait for:
A subsequent bullish confirmation candle (Bullish Confirmation)
Or see strong support at this level
Or use other indicators like RSI or MACD
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