Topic: Do you think that Beginners need Technical analysis? - page 15. (Read 3622 times)
I do consider myself a beginner and yes I feel learning technical analysis is very helpful while trading. I am not perfect, but now atleast I can understand the chart patterns, I try to find an accumulation point and start buying my ALTs during the phase and I do sell on partial terms so I book my profit always.
As new to Crypto, I can say that Technical Analysis is important for not only for investors but also for bigginers becausei it can guide us in analyzing the movement of the prices of bitcoin, ethereum, litecoin, bitcoincash and other cryptocurrency based on an examination of past price movements. It uses patterns in market data to identify trends and make predictions which will tell when to invest.
Sometimes market analysis is not so practical in this market. What is needed here is experience and news. Since this is an unregulated market, the risks here are more terrible than other financial markets.
I would not say that I think about it, I am absolutely sure of it, I am sure that the young people who decided to bind the crypto-currencies and their lives will have to study the technology very seriously and then start studying the opportunities for earning.
Definitely, it is necessary to use technical analysis. It is necessary to know whether you expect everything correctly. When you understand how everything works, then go to free swimming.
As new to Crypto, I can say that Technical Analysis is important for not only for investors but also for bigginers becausei it can guide us in analyzing the movement of the prices of bitcoin, ethereum, litecoin, bitcoincash and other cryptocurrency based on an examination of past price movements. It uses patterns in market data to identify trends and make predictions which will tell when to invest.
Without technical information and technical analysis, I think it is very hard to make clever decisions. In my opinion, by reading and watching, you can make very reasonable choices.
As new to Crypto, I can say that Technical Analysis is important for not only for investors but also for bigginers becausei it can guide us in analyzing the movement of the prices of bitcoin, ethereum, litecoin, bitcoincash and other cryptocurrency based on an examination of past price movements. It uses patterns in market data to identify trends and make predictions which will tell when to invest.
Who has told you that technical analysis is necessary only for investors? It's a basic thing which every participant of the cryptocurrency market should understand. Otherwise, he wastes his time and money!
A beginner needs experience, which they can acquire only when they begin to carry out the analysis themselves, or with the help of someone who is more experienced in this field.
A simple view of the price trend can be obtained by reviewing Google analytics data with regard to interesting cryptocurrency. Significant spikes of given coin popularity often precede its price increase.
Using technical analysis, traders can identify trends and market sentiment and they also have the ability to make wiser investment decisions. However, there are a number of key points to consider:
Technical analysis is a practical method that weighs past prices of certain coins and their trading volume. When considering entering a trade, it is not recommended that you only rely on technical analysis. Especially in the field of crypto, a field that often generates news, there are fundamental factors that have a significant impact on the market (such as regulations, ETF certificates, mining hash, etc.). Technical analysis only ignores and can’t predict these factors, so the recommendation is to mix together the technical analysis and the fundamentals analysis to make wise investment decisions.
An analyst who makes a decision to buy a particular coin due to fundamental reasons can get technical support or find a good technical entry point and thus strengthen the trade’s ROI.
Technical analysis is a practical method that weighs past prices of certain coins and their trading volume. When considering entering a trade, it is not recommended that you only rely on technical analysis. Especially in the field of crypto, a field that often generates news, there are fundamental factors that have a significant impact on the market (such as regulations, ETF certificates, mining hash, etc.). Technical analysis only ignores and can’t predict these factors, so the recommendation is to mix together the technical analysis and the fundamentals analysis to make wise investment decisions.
An analyst who makes a decision to buy a particular coin due to fundamental reasons can get technical support or find a good technical entry point and thus strengthen the trade’s ROI.
Technical type of analysis of the market is needed for future traders because they need to know where the trend and the price wants to go, they don't have to lose their money first so then they will learn
Of course they needed technical analysis but not only for beginners, also those who still yet dont know about cryptocurrency because they can help it to them to learn how to do it properly. Used technical analysis and have knowledge about trading is good combination so you can easily adopt and cope to do it, also to lessen from avoiding mistakes especially when you're newbie. There's a time people know what to do but they dont fully understand because sometimes they follow only their instinct.
I think that as a beginner, the first thing you need to do is to be familiar with the market and then understand the history of the industry. This is very helpful for investing in cryptocurrencies. Don't invest blindly. This market is very risky, you are very likely Will lose your money.
Technical analysis doesn't work in crypto, it is instrument for stock trading and forex. But for beginners it is useful to school in order to get basis.
Also some features and patterns can be applied to liquid crypto.
Also some features and patterns can be applied to liquid crypto.
Technical type of analysis of the market is needed for future traders because they need to know where the trend and the price wants to go, they don't have to lose their money first so then they will learn
In the crypto many things. Not just invest and make the profit. Technical analysis for the trading only. But it's the part of crypto s better to learn. But many people just buy at the low and sell at high and hold for long term. Many people do like that also. In the early days, I was used to thinking I know everything about crypto but there are much more things to learn. Learn and earn. You can use bitdegree platform. It's really good.
Totally agree, most people are only hoovering around on the surface, what price actions and make decisions without doing proper research. it is more rewarding to learn about whats going on under the hood, on the tech side. Also connect the dots, understand if a project that you plan to invest has a real chance to succeed. Technical Analysis is just an add on that can help with timing.
Certainly. I believe that this is the Foundation that everyone who tries to trade needs to know. From the technical analysis follows many other ways to determine the trend, different trends, pin bars, patterns and many other important points. It's a necessary theory for everyone. It does not matter whether it is a beginner or a confident trader.
Absolutely! I believe that anyone can use technical analysis to make decisions on the market. Technical analysis is one of the main tools that helps to trade.
In the crypto many things. Not just invest and make the profit. Technical analysis for the trading only. But it's the part of crypto s better to learn. But many people just buy at the low and sell at high and hold for long term. Many people do like that also. In the early days, I was used to thinking I know everything about crypto but there are much more things to learn. Learn and earn. You can use bitdegree platform. It's really good.
Beginners need technical analysis more than anyone. This is to ensure that they do not make unnecessary mistakes and lose money. This crypto-algorithm is very unstable and therefore they need all the information they can rely on.
Yeah beginner can make mistakes very easily. So they should learn about trading and learn about technical analysis.
Technical analysis is very important but as a beginner you should study to acquire knowledge about crypto trading. Otherwise there have lot of chance for loss.
As new to Crypto, I can say that Technical Analysis is important for not only for investors but also for bigginers becausei it can guide us in analyzing the movement of the prices of bitcoin, ethereum, litecoin, bitcoincash and other cryptocurrency based on an examination of past price movements. It uses patterns in market data to identify trends and make predictions which will tell when to invest.
Sometimes market analysis is not so practical in this market. What is needed here is experience and news. Since this is an unregulated market, the risks here are more terrible than other financial markets. Jump to: