Do you think that Beginners need Technical analysis?

[tyronecoinbit]

technical analysis is one of the most useful things you can do before you have invested your cryptocurrency money. in General, the most basic thing you need before you invest in cryptocurrency is the study of news about the crypto market. study specific coins in which you invest your money and General technical analysis.

Yeah, well I don't think beginners could easily caught all the knowledge here in crypto currency community in the they must know the basic analysis before they are going to know all the different strategy as well as the analysis to be obtain. I would say each of us must undergo simple and basic as I believe experience is the best learning and correct practice makes perfect in the future.

[Nivelir]

I'm sure that newcomers necessarily have to undergo some kind of course on the basics of CRE, because they just do not understand what it is and how to use them, because right now they are earning scammers.

[chenhaonan]

No, it's best for beginners to find a good community, or have professional friends around, otherwise don't invest in it easily. Technical analysis is professional, and beginners do not need to learn.

[Liz D]

Beginners don't really need technical analysis but rather the basis of how the whole cryptomarket operates. Basis of TA like trend lines may be necessary at some point but not at the start.

[thisau152]

Beginners need experienced tutor to help with ideas and improve your skills in crypto trading. Also need patience to research huge info and news about every coin which are you going to trade.

[tresbien21]

Yes. I think it is very important that a beginner should be equipped with technical skills and analysis in order to succeed in this field. Crypto is not an easy field , it really needs concrete knowledge to become profitable and successful.

[legenduim]

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.

Beginners need to undergo thorough training in trade and investment and technical analysis as well. But if they do not understand how it works, they will not be able to make a profit.         
         
         

[royalparade01]

of course beginners need technical analysis and learning what is cryptocurrency before start to become investor, but most of them don't have time or don't want to learn, their eyes only have 'money', so direct buy some coin and hope use that profit earning buying lambo   , finally actually a lot of new small investor don't know cryptocurrency is a high risk investment

Yes of course.. as a beginners needs a full technical analysis because it is not a small investments. Also needs more research and reading the current events about cryptocurrency. And be careful about to trade.

[DaryaDancova]

I think so too. But first of all, novice investors need to be trained in technical analysis, and for this, an experienced investor must accompany it. Only with the proper use of technical analysis, it will make a profit.

[Etanllah]

I dont think we need technical analysis, because we just need experience and courage:)
so just be smarter with bankroll management and all will be ok.

[Alex Foman]

I think that everyone should have technical knowledge in crypto currency, even a little, because he is used to analyze the history of the market and his psychology in order to predict the future.

[bagikoin]

analyze is not a thing that could be considered trivial. This is important for investment even almost all existing crypto in need analysis. Let's just say this is the basis for entry in the crypto. without being able to analyze I think crypto will not join in can run smoothly.

[Eddieboy]

Not necessary as long as you know the basic indicator (rsi and macd, bollinger and ema) and how to read the charting in all time frame tf (5m, 15m, 1hr, 2hr, 4hr, 1d).. These indicator and charting is enough when to buy and when to sell.😎👍👌

So for all newbie in terms of trading, they should know first the said indicator and tf👆 and there is a thread, youtube forum, and google for that basic. 🤑

Technical analysis TA is okay and for pro traders and for the market with highly volatile like today.

Hope these could help for everyone.

[CodyAlfaridzi]

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.

Yes, don't need to study TA extensively, you just gotta know the basics like understanding candlesticks, support and resistance, indicators, and chart patterns. After knowing the basics, you should do paper trading (simulation, demo trading) to try those knowledge and start developing your own strategy and trade plan.

I'm in the stage of developing my own strategy. I've identified what type of trader I am and what trade plan work the most. I can say that most of the time, some TA does actually work and can make you profit. Wish me luck on my future trading journey.

[frirstfootonthemoon1989]

For me personally, technical analysis is too complicated. In YouTube there are many analytical channels, try to watch more and you will understand the basics principles.

[soname12]

Newbie does not need technical analysis when they invest in the crypto market. Because they have no knowledge of chart analysis. Maybe they will lose a lot of money with their wrong analysis

[hulla]

Newbie does not need technical analysis when they invest in the crypto market. Because they have no knowledge of chart analysis. Maybe they will lose a lot of money with their wrong analysis

If you ask me. I will tell you that newbie in the cryptocurrency trading or investment need analysis knowledge in other to avoid making wrong investment but, if hard for them to understand the technical way they could still use the fundamental analysis which seems to be good for this current market situation.

[trisdivergent1201]

Of course it is. Any research or study that can help any trader is important. Beginners tends to get burned most of the time from FOMOing and trying to ride the pumps without even understanding the market.

[kovpet11]

When I entered the crypto market I totally thought, no it's not. However, after 1 year spent with crypto I realized that big % of the crypto traders are using TA to make their decisions, which result TA based movements in crypto assets price. As a result, you must also use TA (at least basic level).

[farland7]

Do not think that technical analysis is something incredibly complex and incomprehensible to ordinary people. But is very important in the crypt.