Many people believe that fundamentals are responsible for causing the price to move up and down.
This traditional view couldn't be further from the truth.
Fundamentals are in fact just a story, a narrative. Let me explain.
In the chart you can see 3 price rises represented by 3 arrows.
The fundamentals whether in the financial times, Twiitter, Forbes, NBC, YouTube, Facebook e.t.c would tell you that the price rise was due to:
Whales heavily invested in this crypto on those days.
Or that they trillions of crypto were burnt on those days,
or that Binance and other platforms decided to list that crypto coin on those days. e.t.c These are some examples of fundamentals
Fundamentals have NO bearing on up or down price movement.
See Part 2 to understand why....
This traditional view couldn't be further from the truth.
Fundamentals are in fact just a story, a narrative. Let me explain.
In the chart you can see 3 price rises represented by 3 arrows.
The fundamentals whether in the financial times, Twiitter, Forbes, NBC, YouTube, Facebook e.t.c would tell you that the price rise was due to:
Whales heavily invested in this crypto on those days.
Or that they trillions of crypto were burnt on those days,
or that Binance and other platforms decided to list that crypto coin on those days. e.t.c These are some examples of fundamentals
Fundamentals have NO bearing on up or down price movement.
See Part 2 to understand why....
註釋
Here is Part 2
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。