Hi all! Today, Indodax Academy will discuss the increase in crypto asset prices, which are like a roller coaster! But, chill! In this article, we will learn together about how to detect increases and decreases in price. So, you can be more careful and aware in choosing what crypto assets you want to buy.
First of all, you must know that in the trading world, you have to do an analysis before buying. There are two main analyzes, namely: Technical Analysis and Fundamental Analysis.
But before we get into those two analyzes, you can listen to podcasts that discuss how to detect crypto asset prices here too!
As the name suggests, technical analysis puts forward how to read and find out the direction of crypto prices from historical chart movements or price charts, which has happened, from there, you can make decisions and conclusions in future price movements.
At Indodax, we can see price movements easily with a comprehensive and detailed chart. We can easily determine the time period. You can also determine which indicator you want to use to read the chart.
For how to read charts easily on Indodax, you can also read them here.
Next, there is fundamental analysis. This analysis is suitable for you Millennials or Gen-Z generation because the main key is finding out everything about these crypto assets, or other terms “stalking”.
That’s right, using fundamental analysis you have to do background checking on a crypto asset. What are the projects, what are the milestones, what will be done in the future by the developers. Keep up with the social media and the website so that you are always on the cutting edge of the latest information about these crypto assets.
For detailed fundamental analysis, watch this video too!
When you have mastered these two analyzes, you are ready to become a trader!
But remember, the money you use for trading must always be money that is separate from kitchen matters. Then, you also have to be loyal to your trading plan.
In addition, there are still many ways you can detect crypto asset prices. You can also frequently read the latest news about the world of Blockchain and crypto assets. Because, this is also very influential with the increase in the price of crypto assets!