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Author Topic: Do you think that Beginners need Technical analysis?  (Read 3322 times)
hoosen
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May 22, 2018, 03:23:09 PM
 #81

I think that it's very difficult, they will not understand anything. The best thing for them is to buy a pair of coins from the top 10 and just wait.
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May 22, 2018, 03:27:08 PM
 #82

If begginers want to earn profits on crypto they must study not only technical analisis but also fundamental analisis and follow the news which can influence the price of tokens.

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May 22, 2018, 03:45:22 PM
 #83

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.

yups technical analysis is one of the most important thing we should learn for us to progress here in crypto,what ever you need to enter,Daytrading or long term holding because this analytical strategy may help us to choose what to buy,what coins are pumping or may grow at the same time
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May 22, 2018, 03:47:58 PM
 #84

It is a hard topic, I am listening a youtuber talking about Technical analyses regularly, but still do not understand a big part of it. Surely, it is 1 way to predict things, but IMO there are other things to consider as well.

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May 22, 2018, 03:50:48 PM
 #85

Undoubtedly. Joining this magical world is not easy, but with much effort, reading and coursework one can understand at least what it takes to get started.
It would be necessary to understand the processes involved to invest, how to buy, what to buy and how to make them safely, it is difficult to find by guides that facilitate the life of the novice investor, some are too complex while others, sin for the lack of reliable information.
A trustworthy tutor is essential to clarify doubts and give ideas to improve your negotiation, as in this world there are no laws and rules, everything can happen and a small mistake can end everything you have, anyway there is a lot of information just search a lot and will do well.
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May 22, 2018, 03:52:35 PM
 #86

If you want to be a trader, you must study market analysis, such as trends, analysis of when prices will go up, analysis when prices will fall. That's very important

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May 22, 2018, 03:55:01 PM
 #87

don't introduce them too much of the technical analysis, they'd have to learn it all if they want to else they'd be overwhelm with all the information and find it hard to actually trade when infact one person can trade base on price action. the general rule of thumb still says "buy low sell high"
a newbie doesn't have to learn all those indicators like fibonacci and what not.

          
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shairenurbano69
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May 22, 2018, 03:56:15 PM
 #88

Technical analysis has been proven to not work multiple times in studies, even less likely to work with crypto.
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May 22, 2018, 04:00:30 PM
 #89

They dont need Tech at the beginning.Technical analysis is not easy.They need time for that.But , beginners should start somewhere.

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May 22, 2018, 05:31:03 PM
 #90

You do not need tech at the beginning. What you need to do as a beginner is to educate yourself about the coins that you have bought or are going to buy and also familiarize yourself with the market charts as this is what will help you understand the market and the prices better and it would make their volatility much easier to deal with.
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May 23, 2018, 09:51:02 PM
 #91

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.


Do you really think that it is a true statement? I mean come on most of the people around here in the crypto currency dont even understand what technical analysis is or what a trade signal is and how to use. Most of the people follow simple buy low and sell high technique here and get passed away with he situation. They earn huge from it and don't even complain about the methods they used as it is the simplest one.

Honestly, price analysis and stuff is time consuming, if you ask me then I do prefer to go for simple strategies and wait until the time is right for selling and stuff like that. If you just choose right coin then you are good to go with everything that you have.

I'm just sharing my opinion. Maybe it is not for begginers. Thats what I understand to all of your comments.
But the point is, we all have our own strategies when it comes to trading. Other would value all of their coins and will give time to have technical analysis. Sometimes it can help and can give sign when to get involve in the market. It is not bad to be careful.
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May 23, 2018, 10:12:10 PM
 #92

Technical analysis is not only necessary for beginners, but also for every trader. However, it should be noted that crypto market is mostly driven by speculation, so technical analysis helps to a certain extent. If these analyses were always be true, most analysts would be rich. But we see that this is not true. The market is unpredictiable especially in the bear season and the charts and indicators do not offer much benefit.

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cellflash
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May 23, 2018, 10:14:12 PM
 #93

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.

Of cos every crypto trader need technical analysis in order to trade effectively however, fundamental analysis supersedes  technical analysis in crypto trading based in my observation as a trader for some years now

Noted and thank you. Fundamental analysis is broader than technical analysis which study all movements that may affect the market value including economic status, political and social aspect. It can be my guide in the future.
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May 23, 2018, 10:18:35 PM
 #94

Technical analysis is not only necessary for beginners, but also for every trader. However, it should be noted that crypto market is mostly driven by speculation, so technical analysis helps to a certain extent. If these analyses were always be true, most analysts would be rich. But we see that this is not true. The market is unpredictiable especially in the bear season and the charts and indicators do not offer much benefit.
It depends on what they are trading. In Crypto there is not much need for technical analysis because the prices usually go back to their all time high at some point. It's different with stocks and forex.
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May 23, 2018, 10:21:55 PM
 #95

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.
Everyone should learn how to do technical analysis but most aren't good with it.

But by simply reading what will happen next to the charts is obviously helpful to the traders / holders. Like the scenario today, the price of all coins went off so we can have a technical analysis that few more days the price of these coins will go up.
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May 23, 2018, 10:25:04 PM
 #96

Beginners in crypto should learn about crypto in general, study about project they like and track their performance in the market before investing. Learn the roadmap and white paper would be a must before investing in any project. In the other hand, technical analysis would be important for people that will trade in a regular basis and have experience in crypto; trading for newbies is not advisable as they need more experience on the market. Technical analysis is important but experience it is equally important, so beginners should take their time before start trading.
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May 23, 2018, 10:25:42 PM
 #97

I think either beginners or experienced ones would need analysis, which distinguishes them only, if the experienced may only need analysis and careful consideration, whereas for beginners they not only need analysis but also need guidance from the tutors or who have experienced , because beginners are vulnerable to mistakes that result in losses, plus lazy reads of allowable or forbidden rules, if the tutors or experienced ones are available then beginners will be a little focused and understand what processes need to be done to participate in the bitcoin world or the like
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May 23, 2018, 10:28:42 PM
 #98

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.

Ofcourse you need to know everything specially the beginners for you to understand where are you going to invest on it and even professional trader they use technical analysis before investing in some project.
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May 23, 2018, 10:38:16 PM
 #99

The market never knows you are a beginner or pro trader. Is even recommended that beginner should learn how to read charts and analyse before trading.
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May 23, 2018, 11:12:18 PM
 #100

I can say that Technical Analysis is important for not only for investors but also for bigginers
Analytics is rather complicated for most people - you need to have certain way of thinking in order to do technical analysis of financial market.
I used to work as a trading analyst for over 1.5 years, but even for me it is still hard to predict the behavior of crypto market due to its extreme volatility and unexpectedness.
All the graphs and diagrams that you make can crumble into dust the very next day just because a couple of whales decided to sell several thousands of coins  Undecided

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