Topic: Do you think that Beginners need Technical analysis? - page 4. (Read 3625 times)
You need to understand TA so that you don't follow it like a blind idiot but learn to have your own opinion. When a newbie sees a chart and somebody screams buy he buys. An experienced trader reads other people's predictions and compares with his own to find the most probable outcome. What is important is knowledge and logic. One without the other won't help you much and if you have none of them you'll get fucked.
It has long been noticed on this forum that technical analysis, which successfully operates on the stock market, is in most cases useless for the crypto market. I am not an expert in this, but rather agree with it.
I think it is very necessary for not only beginners but also veterans in the market to have adequate knowledge about the technicalities of the market, so that they will be able to make rational decisions when needed. Beginners that are just joining the market should focus more on learning before they decide to trade or invest in the market.
I do not argue the technical analysis of charts for cryptocurrency trading is very important if the analysis is true, but everyone sees the situation on their own and each their own representation of forecasts analyzing charts.
I return on this thread after maybe 25?30? Pages and I see again the usual argument.
So I reiterate my view: evincere need to study Bitcoin, understand what it is, how it work. Then they need to tidy the fundamentals of valuatio, where Bitcoin draws his value, etc. Last but not least the must understand how to trade bitcoin, so drawing all those lines, arcs and funky graphs.
I am still at the second step, and I think I spend here a considerable amount of time. In the meantime I produced something that I think it is good fundamental analysts.
There you can check BTC Bearish or Bullish?Here my thoughts:FEBRUARY UPDATE
So I reiterate my view: evincere need to study Bitcoin, understand what it is, how it work. Then they need to tidy the fundamentals of valuatio, where Bitcoin draws his value, etc. Last but not least the must understand how to trade bitcoin, so drawing all those lines, arcs and funky graphs.
I am still at the second step, and I think I spend here a considerable amount of time. In the meantime I produced something that I think it is good fundamental analysts.
There you can check BTC Bearish or Bullish?Here my thoughts:FEBRUARY UPDATE
Cryptocurrency is quite based on technology and any one involved in cryptocurrency should have the least knowledge of technology. So it quite advisable for beginners to have such knowledge
May be yes , may be no , because in today's time mostly people enter crypto world after being influenced by someone close to them . So they keep on taking assistance from those .
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.
It is only needed for the traders,when you want to hold it for long term you ned to just understand why you are holding it and just wait until it becomes happened.Even traders don't use technical analysis much because there is no need for that our prediction through technical analysis need to happen. 
Technical analysis are not for newbies for sure, they are for another traders. It is something like an opinion and it says to you what to do if something happen. For example the price will hit this target, there is resistance, you should sell. 
Quite rightly stated, since novices should study many aspects of activity in the cryptocurrency market, and gain experience, and Technical analysis should be set for professionals. 
Technical analysis are not for newbies for sure, they are for another traders. It is something like an opinion and it says to you what to do if something happen. For example the price will hit this target, there is resistance, you should sell.
Beginners need a general education course to avoid blunders. Proper experience should consist of a detailed analysis of the project and work on the mistakes in real market conditions. A technical document for a newbie may seem complicated
I really think that the beginners should take the course of technical analysis first. Because many users that are new, and recklessly invest on some coins that are dead, are ended up crying and exiting.
This knowledge is useful, but novices do not know anything about it. Therefore, it all depends on when the newcomer enters the market. If you're lucky, the cryptocurrency will be bought for cheap.
I also think that this knowledge can be of great benefit to everyone. But not everyone is able to study it deeply. Newbies do not like to study graphics and lines. 
This knowledge is useful, but novices do not know anything about it. Therefore, it all depends on when the newcomer enters the market. If you're lucky, the cryptocurrency will be bought for cheap.
Undoubtedly, the presence of knowledge of technical analysis will not hurt anyone. But for a beginner, having knowledge of technical analysis without practical skills will not help much. The cryptocurrency market is not very predictable now. Still need experience and intuition. You can only rely on a positive result with a combination of all skills.
Technical analysis is similar to a textbook for first graders. This is the first assistant not only for beginners, but also for everyone who wants to find a really good project. Some novice investors have abandoned the idea of making money on the cryptocurrency market after the first negative experience. Many find it difficult to understand the principles of cryptocurrency.
Well, I also believe that the market is very dangerous to trade especially for beginners , I think you need to first learn the trading base and then just start 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.
Although this market is very hard to guess how the trend will, but the analyzing of chart can give you worth psychological data of investors in the past and from there can make your own decisions
Yes for sure they needed a technical analysis once they enter or join here jn cryptocurrenc, because cryptocurrency has a pattern to follow.they have a lot of things to learn so they will not be scammed.
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.
I always recommend to beginners to find enough time to study information about the rules, possibilities and features of technical analysis. Especially valuable information for making the right decisions and success. Especially when working with a young crypto market, in order to master the favorable rules of trade and long-term investments.
Technical analysis is similar to a textbook for first graders. This is the first assistant not only for beginners, but also for everyone who wants to find a really good project. Some novice investors have abandoned the idea of making money on the cryptocurrency market after the first negative experience. Many find it difficult to understand the principles of cryptocurrency.
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