I need to learn techincal Analysis?

[Mpamaegbu]

If you are an investor, these are the likely mistake:

1. You invested on shitcoins, the price decreased and never rise again.
2. You deal with bitciin, the price decreased, you panicked and sold at the wrong time.

That's right. However, to the best of my knowledge, in the first instance, you can't really blame investors because some projects may have good intentions from the beginning but end up shitty if the implementation isn't right and the developers scamper to safety by abandoning it if they can't revive it. In the second point, we can blame investors because by now everyone should've known that Bitcoin is a phoenix. Bitcoin has been proved to rise back after a severe crash. The best thing to do while it dips is to average down. Buy more at every dip to have a good average cost per coin.

On the OP, you may want to check out YouTube for tutorials on TA. It's a good thing for you to do as knowing your lines will enable you increase your chances of having good entry and exit points.

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[The Cryptovator]

Market analysis is quite important to invest in cryptocurrency. But what kind of analysis do you need its depends on the type of investment. If you are a short-term or middle-term investor then you need something else, if you are long time holder you need something else. If you are a trader then you need real-time market analysis. So the analysis varies on your needs. But to be honest the analysis of cryptocurrency is not an easy task for a beginner especially.

Since you have invested already that's why you are posting here and trying to research, so that's how we have to lean. There is no special site or something where you can learn instantly you should be involved with cryptocurrency and continue your research to learn. There is no endpoint of learning.

[wxa7115]

I invested in cryptocurrency in March of this year for Experimental. What I understand is that you should not invest only by reading the post or by searching Google. I should learn market analysis. Or there is another way to understand the market?

It is not recommended that you invest in something you do not understand, however if you did this as an experiment and you invested a very low sum of money then there is not a lot of harm that can come to you from this.

Now about whether or not you need to learn market analysis, the answer is yes, there are two main branches when it comes to this, you can either learn fundamental analysis, technical analysis or both, fundamental analysis takes a look as the name implies at the fundamentals of a coin and tries to determine if the coin is good enough, and if it is then you invest in it for the long term, technical analysis on the other hand concentrates almost exclusively on the price as those that use it believe the price already reflects everything you can know about the asset you are trading, both are effective you just need to choose the one it fits you better and then dedicate a lot of time to improve your skill in one or both of those disciplines.

[sana54210]

I invested in cryptocurrency in March of this year for Experimental. What I understand is that you should not invest only by reading the post or by searching Google. I should learn market analysis. Or there is another way to understand the market?

It is somehow hard to understand your point but you can remain only as an investor in this cryptocurrency space and if you're looking for opportunities to maximize your holding then you can go for active trading but it is always coming up with its own risk levels. I never recommend anyone into active trading but long-term holding is the only action I do recommend to all the new people. You can make what you could make out of active trading by the way of long-term holding but most of the beginners in this crypto space are not having that kind of patience.

If you decide about getting into active trading in crypto space then you must take time to learn and then more time for practicing in demo environment. Never rush into active trading otherwise you will lose all your capital in matter of one or two trading sessions.

[Ararbermas]

I invested in cryptocurrency in March of this year for Experimental. What I understand is that you should not invest only by reading the post or by searching Google. I should learn market analysis. Or there is another way to understand the market?

all the information about trading is on internet mate, try different keywords if you want to obtain more information, if you cannot get it by reading articles then try to watch videos in youtube, because nowadays its more informative and you can easily follow and gets what are the most important to know especially when it comes making technical analysis and of course how to use those important tools that can help you to make your work so easy. Just invest time for it as well so that you can obtain more specific information.

[mexite]

I invested in cryptocurrency in March of this year for Experimental. What I understand is that you should not invest only by reading the post or by searching Google. I should learn market analysis. Or there is another way to understand the market?

It's a good idea for you to learn the ropes in crypto trading, as you can't always follow the tips and signals of influencers. You need to understand the rudiments of fundamental analysis, FA, (project news, government news relating to crypto etc) and technical analysis, TA, which is technical just as the name implies.

You can watch YouTube videos on TA to take some lessons. I also recommend this book on TA for you titled "The Candlestick Trading Bible". It's self explanatory.

[harizen]

I invested in cryptocurrency in March of this year for Experimental. What I understand is that you should not invest only by reading the post or by searching Google. I should learn market analysis. Or there is another way to understand the market?

The most logical way to learn and understand the market is by applying what you read on the internet. Of course, you don't just read but test yourself in actual trades to truly understand the information you encounter. Since you are still in learning progress, expect that you will really have some difficulties along the way.

Learning technical analysis can't be learned overnight. Experience traders even spend years before they were able to form their own market analysis.

Just continue trading and soon you will be used to it and learned other trading stuff, including proper analysis, automatically without realizing it.

[Hamphser]

I invested in cryptocurrency in March of this year for Experimental. What I understand is that you should not invest only by reading the post or by searching Google. I should learn market analysis. Or there is another way to understand the market?

You could learn of something before making any consideration on making decision to invest.

-Technical analysis
-Fundamentals/New/Events

If you don't have any idea and make out decisions due to simple research and possible suggestions then you would really be ending up on holding but if you do
really like to deal actively then you should at least have these kind of preparations on learning because this would really be helpful for you
specially into this career.

[Ryker1]

I invested in cryptocurrency in March of this year for Experimental. What I understand is that you should not invest only by reading the post or by searching Google. I should learn market analysis. Or there is another way to understand the market?

^[snip]
-Technical analysis
-Fundamentals/New/Events

Well, they should be partners in crime --technical analysis and fundamental analysis which gives you an almost accurate result of price predicting in the market. If you have been a long time enough monitoring the market you will surely understand the movement on it, right after a continuous bull run, there should be a pump-up of the price, and it has a correction after a few months. Bear in mind that trading is not an easy way of making money, it required skill and knowledge.

[dotcoin.info]

Technical analysis is not a panacea and it will not always give you 100% probability for any of the trades.
However, having studied it, you will have an understanding and an additional tool for working with the market. And sometimes you can really catch good movements only thanks to this analysis.

[dimonstration]

Technical analysis is not a panacea and it will not always give you 100% probability for any of the trades.
However, having studied it, you will have an understanding and an additional tool for working with the market. And sometimes you can really catch good movements only thanks to this analysis.

Knowing how to analyze the chart and the possible movement of the market is a must especially if you’re planning to take it seriously or as a living. There should be a basis in something that we do not just because its hype or simply just to hold. We must track its performance if its other coins or altcoins to know if they are for short or long investments. Unlike in bitcoin that we see how the price moves in time even by just holding it in other altcoins it is not applicable that there is a big need to analyze how it moves and where it can possibly lead.

[TinaK]

I invested in cryptocurrency in March of this year for Experimental. What I understand is that you should not invest only by reading the post or by searching Google. I should learn market analysis. Or there is another way to understand the market?

Fundamental such as news and development around sometimes give a better signal when to buy and sell your crypto, they give a good signal in what point you will execute of buying and selling the coin. Reading and searching about what happen is a fundamental way of guessing the market and I think there are still traders doing this. Technical analysis is good if you know technically analysis, a large number of traders was also using this strategy because they know that it will work, so now it depends on your decision.

[Maslate]

I invested in cryptocurrency in March of this year for Experimental. What I understand is that you should not invest only by reading the post or by searching Google. I should learn market analysis. Or there is another way to understand the market?

Indeed right.
Reading and online searches aren't enough to learn but you need actual trading experience to know how really it works. We can make TA without these things but the question is how reliable it was? Of course, it never makes sense and our TA is just a waste of time.

We should have to invest more time in the market, collecting the data from the market is likely the basis of our TA. We can create a good Technical analysis if we want to but of course, you can't assure that it all gonna work perfectly coz it was just still a sort of market prediction and we know how volatile the market which makes things difficult to know where it goes.

[tippytoes]

I invested in cryptocurrency in March of this year for Experimental. What I understand is that you should not invest only by reading the post or by searching Google. I should learn market analysis. Or there is another way to understand the market?

Indeed right.
Reading and online searches aren't enough to learn but you need actual trading experience to know how really it works. We can make TA without these things but the question is how reliable it was? Of course, it never makes sense and our TA is just a waste of time.

We should have to invest more time in the market, collecting the data from the market is likely the basis of our TA. We can create a good Technical analysis if we want to but of course, you can't assure that it all gonna work perfectly coz it was just still a sort of market prediction and we know how volatile the market which makes things difficult to know where it goes.

The OP is in crypto since last March, so by now, I am assuming he already learn bits of pieces in trading. Because if he bought and he didn't participate in any trading, would be hard for him to understand the crypto market. Though knowledge of TAs is good but when it comes to actual trading, sometimes it won't really help as it depends on the coin you are about to trade. Learn TAs but try to check also how you can apply it in your actual trading.

[awik p]

I invested in cryptocurrency in March of this year for Experimental. What I understand is that you should not invest only by reading the post or by searching Google. I should learn market analysis. Or there is another way to understand the market?

Indeed right.
Reading and online searches aren't enough to learn but you need actual trading experience to know how really it works. We can make TA without these things but the question is how reliable it was? Of course, it never makes sense and our TA is just a waste of time.

We should have to invest more time in the market, collecting the data from the market is likely the basis of our TA. We can create a good Technical analysis if we want to but of course, you can't assure that it all gonna work perfectly coz it was just still a sort of market prediction and we know how volatile the market which makes things difficult to know where it goes.

How to read a graph and then draw it in an ecological analysis is really needed as the basis for our work framework later. after that we are required to comply with the analysis that has been determined. To comply, it takes discipline and psychological maturity

[Pamadar]

The most logical way to learn and understand the market is by applying what you read on the internet. Of course, you don't just read but test yourself in actual trades to truly understand the information you encounter. Since you are still in learning progress, expect that you will really have some difficulties along the way.

Practice in executing your trading position will help you to understand how things really work inside the market,

By reading or watching tutorials, ideas will flow, but without actual practice, nothing will really develop. You need to have experience both winning trades and losing positions. It will establish good mindsets and from repeating your trade time to time, you will also be develop
good adjustments to anticipate higher chances of good results.

Learning technical analysis can't be learned overnight. Experience traders even spend years before they were able to form their own market analysis.

No, it's not, technical analysis needs actual working background to enhance your skills anticipating the market flows.

Just continue trading and soon you will be used to it and learned other trading stuff, including proper analysis, automatically without realizing it.

Your experienced will teach you the proper ways, all will be learned along the way.

[PhucS]

I invested in cryptocurrency in March of this year for Experimental. What I understand is that you should not invest only by reading the post or by searching Google. I should learn market analysis. Or there is another way to understand the market?

I think you should learn and have knowledge about the crypto market before investing in it, this is very important, because if you don't understand you can lose everything. In your case, if you want to maximize profits in the short term, you can learn technical analysis for daily trading. On the contrary, if you have a long-term plan, you can hold, however, choose coins with high growth potential such as BTC, ETH

[enhu]

I invested in cryptocurrency in March of this year for Experimental. What I understand is that you should not invest only by reading the post or by searching Google. I should learn market analysis. Or there is another way to understand the market?

I think you should learn and have knowledge about the crypto market before investing in it, this is very important, because if you don't understand you can lose everything. In your case, if you want to maximize profits in the short term, you can learn technical analysis for daily trading. On the contrary, if you have a long-term plan, you can hold, however, choose coins with high growth potential such as BTC, ETH

They do research but not very extensively because the pressure of FOMO is pushing them to buy already before the price went up again. I have the same feeling when I started crypto that I spend $200 from $350 payday fee to me every month only to find out that not all cryptocurrency is going to rise up like BTC.

When I realized it, it got to me that TA is very important to learn. Too bad I lost a lot because of the FOMO I felt, maybe he will also see how I saw it after losing.

[Mauser]

I invested in cryptocurrency in March of this year for Experimental. What I understand is that you should not invest only by reading the post or by searching Google. I should learn market analysis. Or there is another way to understand the market?

There are two ways to analyse the market and your investment. The first one is fundemental analysis. It's a foreward looking analysis that tries to look at how strong a coin is today and what opportunities there will be in the future. This is probably what you did in the past, reading news here on the forum or on Google. The second type of analysis is technical. Here people look at the past trading data and try to find a trend that will continue in the future. Both types of analysis have its pro and cons, we can't say that technical is always better. I used it myself regularly in the past and a good way to start using it is by looking at moving averages. It's the average price over a fixed period of time. So you can look at the 90 day moving average and compare it to the 10 day or 30 day average. Like this you will see a rising (short term average higher than the long term one) trend, or the opposite a falling trend.

[lebregone]

There's a lot of free tutorial and videos out there you can try this website, I see this link here in the forum and I really think it is helpful for all new traders to understand technical analysis https://github.com/SpiralDevelopment/Awesome-Crypto-Trading and you can visit youtube and search topics and focus on it to understand it more.

Another option is you can go to some online course and learn how to trade effectively.