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....
Note
Here is Part 2
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.