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Author Topic: I need to learn techincal Analysis?  (Read 455 times)
Robertshon
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October 10, 2021, 09:53:20 AM
 #1

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?
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October 10, 2021, 10:02:32 AM
 #2

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 shouldn't invest in something you know nothing about, but since you have already invested, it makes little sense to research the projects now. I hope most of your money went into Bitcoin and not some insignificant altcoin. You don't need market and technical analysis skills unless you plan to become a day trader.

You are now a holder of cryptocurrencies.
What is your goal? Do you want to hold until your coins reach a certain price to sell them?
Do you want to use Bitcoin as a payment method to purchase goods or services?
Do you want to reinvest your Bitcoin in alts (not recommended)?

It's much easier to advice you and provide recommendations if we know what it is that you want.

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October 10, 2021, 10:11:49 AM
 #3

You don't necessarily need to learn technical analysis for investing, as it's mostly for trading. With investing, depending on asset class, you just need to know how to do deep dives in the assets you're interested in investing in— may it be in a business, stocks, or cryptocurrencies. I'm pretty sure a lot of the most successful investors doesn't even do TA, they're just really good at picking things to invest in.

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October 10, 2021, 10:27:36 AM
 #4

Although, you may prefer to learn just little of technical analysis, short term traders (scalpers, day and swing traders) need much to know about technical analysis, but being an investor does not mean you should not know few about technical analysis. Few like able to read the price charts on Coinmarketcap or Coingecko. But getting much deeper like learning Japanese candle stick, studying indicators like RSI, EMA, RMA and Bolinga band and the likes are not necessary.

But irrespective of you being a short term or a long term holder, you should know more about fundamental analysis, staying updated about what is happening about cryptocurrencies, reading crypo news and knowing the level of crypto adtoption.

I will advice you to research about the coins you want to invest on, some altcoins are shitcoins, people will invest, but later the coin price will plummet significantly and investors will lose. Bitcoin is a very good coin to invest and it is highly decentralized, in fact, it is the first of all. About altcoins, do more research and avoid shitcoins.

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October 10, 2021, 11:05:04 AM
 #5

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.
Someone who relies on google results or posts with his investing decisions is likely to have a bad experience because you don't know where to start and what exactly are good for you. That's why you need to learn from your own experience and it's nice that you're asking about it.

I should learn market analysis. Or there is another way to understand the market?
You have to understand it through experience and as well as reading some books about it, although books in pdf form about trading crypto.

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October 10, 2021, 12:28:34 PM
 #6

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 only need to learn technical analysis if you wanna do crypto trading. Investing is a different kind of game. When you invest in a specific coin or token, you should have done your own research (DYOR). I assume that you didn’t do that when you have invested in a certain cryptocurrency last March. It’s important that you should take time learning about a specific cryptocurrency along with its roadmap, future plans, etc., before deciding to invest.


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October 10, 2021, 12:41:37 PM
 #7

Making crypto currency investment base on what people are saying without your own research is not advisable in most cases. Learning technical analysis alone will not make you an expert in trading crypto currency but you have to equally learn the fundamental aspect of the market too for you to be well equipped with what it takes to make an informed trading and investment decision.

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October 10, 2021, 12:48:17 PM
 #8

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 only need to learn technical analysis if you wanna do crypto trading. Investing is a different kind of game. When you invest in a specific coin or token, you should have done your own research (DYOR). I assume that you didn’t do that when you have invested in a certain cryptocurrency last March. It’s important that you should take time learning about a specific cryptocurrency along with its roadmap, future plans, etc., before deciding to invest.

Sometimes an investor is left with no choice but to learn to trade.
Eventually, he will trade his coins to fiat that is why he needs still to understand technical analysis when that time comes. Selling and buying at the right time can be determined when he knows how to read the indicators. Buy when it dips as they say but he can only know the dip is the dip when he learned TA.

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October 10, 2021, 12:51:55 PM
 #9

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 have to and you should not take any investments without having the right knowledge, google is too risky to depend on.
Technical analysis will tell you how to timing the market buy using the indicators, it can help you decide on when to buy and sell so you must not forget about this. There's no other way but to learn it on a trusted resources, try to look for a mentor, watch Youtube reviews of some great traders or even buy a local book that tackles about trading. This is how I started investing and trading, very basic yet you need to exert more effort on this because its not easy at all.

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October 10, 2021, 01:28:43 PM
 #10

In my opinion, if you really understand cryptocurrency, start doing small trades. This is intended so that you can better understand market analysis techniques. Usually practicing while doing trials will make someone easy to understand. But it's a good idea to use a small capital first, so that if there is a loss you don't lose a lot of money. Now from these losses you can also learn what mistakes have occurred, so that this can be a reference for trading better in the future and not repeating the same mistakes.

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October 10, 2021, 01:51:32 PM
 #11

In my opinion, if you really understand cryptocurrency, start doing small trades. This is intended so that you can better understand market analysis techniques.
Technical analysis is beyond making small trades, if you can understand the OP, it is clear that he only wants to invest which makes technical analysis not compulsory, it is different from trading which requires more of technical analysis. Technical analysis like I first implied, it is beyond making trades, you will have to learn it, read articles or watch YouTube videos about it.

Now from these losses you can also learn what mistakes have occurred, so that this can be a reference for trading better in the future and not repeating the same mistakes.
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.

These are the two commonest mistakes that can occur, if you invested in bitcoin, never mind the price decreasing, just be happy that you bought an appreciative asset, the price will reach all-time-high and you will make your profit. People that lost in the past was because they sold while not waited for the proper time to earn the profit.

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October 10, 2021, 02:32:04 PM
 #12

Or you can probably do practice trading and from there, gain experience and at the same time learn all the things that you want to learn in there, to be hones it's a really underrated thing to do, not a lot of people do practice trading because they see it as a waste of time when it's a good way to do risky moves without having to face consequences.

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October 10, 2021, 02:51:09 PM
 #13

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?

Yes! I definitely agreed to you dude, it is because if you invest only through your hype matter, that is not a good idea for you to earn
here in cryptocurrency. You must earn crypto that is because you really know when it will happen. Probably, this is the things do were
the majority of the traders apply this way. But to be honest, technical analysis is my way to earn, I maybe use it but very seldom.

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October 10, 2021, 03:08:01 PM
 #14

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?

Yes! I definitely agreed to you dude, it is because if you invest only through your hype matter, that is not a good idea for you to earn
here in cryptocurrency. You must earn crypto that is because you really know when it will happen. Probably, this is the things do were
the majority of the traders apply this way. But to be honest, technical analysis is my way to earn, I maybe use it but very seldom.

There are lucky investors who earned a lot of money by just investing and then hold the coins for good. It's not however the way of the new after a decade of cryptocurrency existence. The battle of currencycurrecy dominance had long started that top ranks compete fiercely. If he has to invest today, he has to learn the Technical analysis or it will be riskier for his investment to dry up. Technical analysis is a tool for investors.

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October 10, 2021, 03:59:38 PM
 #15

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?
If you are in the market for a very long term then there is no need to learn technical analysis all you have to learn is studying different projects and investing in the best projects. If you want to do trading in smaller time frames then obviously you have to learn charts and money flow to ensure you know what to do in the market, all this forms part of technical analysis which is a study of when to take entry and when to exit along with a study of position sizing and risk management.

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October 10, 2021, 04:13:03 PM
 #16

As new trader,  you may be tempted to trade all the time without experience and knowledge to guide you,  you will need to learn technical analysis of you intend to continue trading this way otherwise,  you do not need to learn technical analysis.  Invest in bitcoin with long term holding and outlook.  Holding has been the most successful strategy for bitcoin investment so far.  I think this is the solution that you need!

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October 10, 2021, 04:20:11 PM
 #17

There are different ways to learn technical analysis. But the one i use is by following some professional traders on twitter. There are different professionals om twitter which you can learn technical analysis from.
If you are using twitter, search for @CryptoNewton. Follow him to learn..
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October 10, 2021, 04:31:04 PM
 #18

Analysing the coin, go to their twitter news and having some groups in common on telegram or WhatsApp can help you a lot,  but you have to learn by yourself and not even trust some one because now a days there are mostly scammers which will take your money, the important thing is that learn by your mistakes and do the right after that.

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October 10, 2021, 04:46:08 PM
 #19

If you are a hodler of coin and you don't know how to technically analyse the market you don't have much to worry about, you can join the community of the coins you are hodling there you can get good information about what is happening with the coins, latest news about it, new technology and partnerships , new exchanges and creations around the project. By joining the community and knowing happening as mentioned above you are already doing a little technical analysis of the project and joining the community you also know when it will pump or get dumped at the time.
A real technical details or analysis comprise graphs, charts and other tools like indicators. This aspect is basic for those in trading, the scalpers, day traders , swingers and other forms of trading. However, understanding the technical analysis means you can also do well in hodling and knowing when price will drop because you are likely also may see that from technical analysis.

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Alisha FR
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October 10, 2021, 04:58:23 PM
 #20

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?

basically the way you read other people's posts is a lesson from an experience, because every crypto investment is certainly not as smooth as you want it to be because it is very volatile.
How to analyze the market is enough to pay attention to price movements at any time, or be in a safe position by holding on to the selling price you set for a long time.

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