Without using the chart, and only depend on the hype, FOMO, and the FUD, he cannot analyze too because he needs to analyze the movements from the chart. So it will have a connection between chart, hype, FOMO, and the FUD so you can analyze better than other traders, and that means, you will have a chance to make a profit.
Crypto charts are not garbage as long as you can use it with the right. You will have a sign or guide to predict where the price will move in the next hours. But you need to have the knowledge to analyze the chart so you will get the other clue besides using the hype, FOMO, and the FUD, and perhaps, you will have a good prediction about the price and the next movements of the coin.
That is what I am saying but we can't just fully rely on the graph and say, "HEY! I know what will happen next, I can see the trend".. with that as your way of predicting the price, that would not give you success, news is the best information and think what the majority would think, then analyze your decision.
Basically you would have to spend lot of your time in learning about the trend. You have to follow news but also you do not have to get affected by the FOMO going around. You have to make your own technical analysis and the charts would be the basic start for this. You have to learn a lot of new things before starting with trading if you want to have profits with minimum loss.
Charts are everything which explains about the trend and the market history so I assume them as the start of my TA. Only charts would never give you profits as earning profits is not that easy. You have to continuously speculate the graphs along with watching various news about updates in the markets. Any small change can lead to a huge price error and we should find our profits from such price gaps.
