Is Technical analysis a must know in crypto trading?

[Iloveegusi]

Hello everyone am new here, more like a trader that got by with a bit of knowledge through personal experience (success and failure's) since 2020 but got introduced to this forum by a friend,pointing out that I can find information's and be able to communicate with other enthusiast in the crypto market. I look forward to my experience here.
P.S I have really poor knowledge on bitcoin technicalities, am more of the chart reading and gut feeling type. so I hope am not breaking any of the rules posting here.
Was really curious to understand if technical analysis is vital or just a means to reduce risk. Thanks in advance

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[CryptoGodSon]

No Technical Analysis its not the most important thing in crypto space.

Try to read chart in 1hour chart on TradingView and learn about candlesticks, then if u think ur good at it try to combine it with Ema 200 and RSI index and Stochastic RSI.
Try to guess whats price its gonna be after 4hours.


Trading it's hard and u need to learn lot of things, but if u master that thing you can take lot of money from it.

[Iloveegusi]

Can I learn myself or is important I about them from a professional?

[CryptoGodSon]

Do your own research
Don't think somebody will teach you everything
And don't buy any shitty courses for money.
Everything is on books .... I mean internet 

[SquirrelJulietGarden]

P.S I have really poor knowledge on bitcoin technicalities, am more of the chart reading and gut feeling type. so I hope am not breaking any of the rules posting here.
Was really curious to understand if technical analysis is vital or just a means to reduce risk. Thanks in advance

Technical analysis in trading is not related to understanding about Bitcoin technology. It relates to apply technical indicators in trading to Bitcoin price movement, volume to predict its future movement to support your trading plan and decision.

However, personally I feel only technical analysis is not enough for your trading. You must learn about fundamental analysis too. Because without good fundamentals, you will put your money at risk. If an asset has good fundamentals, even if your technical analysis is wrong, you can hold it (like Bitcoin) and still have chance to get profit  by holding your bitcoin long enough to cover your mistake in technical analysis.

[jeraldskie11]

Many traders just do not employ technical analysis. Some are profitable despite using fundamental analysis. So if you trade with either of them, you can still make money. To make money, you don't need to know how to evaluate the market technically. However, combining fundamental and technical research increases the likelihood of making a large profit.

Can I learn myself or is important I about them from a professional?

"Do your own research" is essential in trading so that you don't blame others for what happens to your money. However, you can learn more readily if you learn from professional traders while independently researching what they teach.

[CryptoGodSon]

I fully agree with this
Price it’s not the case here
Fundamentals are more important than price and economic events are really important.

[bittraffic]

Reading charts is not learned from school AFAIK. People only learned it when they have the interest to learn about it or just have the motivation to make money.

There were success stories posted on the forum, particularly on the Forex forum where they were just following the free trading systems shared by some users. Eventually, they learned more about the indicators and how to use them to speculate the market.

[TravelMug]

Hello everyone am new here, more like a trader that got by with a bit of knowledge through personal experience (success and failure's) since 2020 but got introduced to this forum by a friend,pointing out that I can find information's and be able to communicate with other enthusiast in the crypto market. I look forward to my experience here.
P.S I have really poor knowledge on bitcoin technicalities, am more of the chart reading and gut feeling type. so I hope am not breaking any of the rules posting here.
Was really curious to understand if technical analysis is vital or just a means to reduce risk. Thanks in advance

I don't think that it's a must know, but at least you should have a grasp of TA for starters.

And that's why there are holders in the bitcoin market, those individuals who doesn't want to complicate things on their end. Just going to buy thru DCA or whatever they can, and then HODL for it and then they sell during the bull run to take profits.

While on the other hands, there are individuals who actively trade in this market, and those are people who are into this technical analysis side.

[Don Pedro Dinero]

Was really curious to understand if technical analysis is vital or just a means to reduce risk. Thanks in advance

Technical analysis is not necessary if you invest on fundamentals, that is, instead of betting on whether the price is going to go up or down, what you do is inform yourself about what you are going to buy, in this case bitcoin, and when you realise that it has a great future, you buy it for a long time. Then, in TA you don't need it at all. Add to that the fact that more than 95% of traders, no matter how much TA they know, lose money.

If it's for entertainment, fine, but if you expect to make money with it, you have to know that the odds are very low.

[Edwardard]

Reading charts is not learned from school AFAIK. People only learned it when they have the interest to learn about it or just have the motivation to make money.

Totally agreed. I've seen many ppl wanting to trade and make money because they are seeing others do it, but got no interest in TA or whatsoever. The urge to learn must come from the inside.

Technical analysis is not necessary if you invest on fundamentals

AFAIK, technicals are equally important like fundamentals. We cant succeed by knowing about one but not the other. Atleast we need some basic knowledge of technicals like breakout/down patterns and candlesticks to make things easier to judge.

[kamvreto]

Technical analysis is like a road sign for you, if you don't have a road sign when you cross a new path, then you will be lost. Relying on a gut feeling is ridiculous in trading, no gut feeling can predict it will go up or down, unless you are betting. Technical analysis is basic knowledge that absolutely must be known by anyone who wants to be involved in the world of trading, without analysis you will not be able to do it. it is easier to lose your money if you ignore technical analysis. If you have a bad analysis, you need to continue to learn and understand gradually, trade and you will gain experience and learning over time.

[Iranus]

Can I learn myself or is important I about them from a professional?

There is a lot of material you can find on the internet, everything about bitcoin, about the market, so you can become an investor, a trader. You can learn everything by yourself. You can also learn from experienced people, which will help you learn faster, but beware of online experts, as most are scams.

The cryptocurrency market is like any other industry, to make a profit requires knowledge, and that is the only way for you to succeed. If possible, you should learn them all, technical analysis, fundamental analysis...all of them will benefit you in any case.

[Lamkuthang]

Welcome to the forum. I think technical analysis can be a useful tool for traders to make decisions, but it's not necessarily a must-know for crypto trading. True, it can help you understand market trends and identify potential buying or selling opportunities, but I think ultimately your psychology at work is your gut feeling at work and personal experience plays a large part in your decision making. It's always good to have a thorough approach to trading and be open to learning new things. So, don't worry about breaking any rules and keep exploring the crypto market!

[Oshosondy]

P.S I have really poor knowledge on bitcoin technicalities, am more of the chart reading and gut feeling type. so I hope am not breaking any of the rules posting here.
Was really curious to understand if technical analysis is vital or just a means to reduce risk. Thanks in advance

You know how to read chart? That means you are a forex, commodity or stock trade. Those deals with price of something. Crypto also deals with price of something which are cryptocurrencies. If you use chart for those, you will also use chart for crypto analyses. But I will advice you not to go beyond bitcoin for now. Learn bitcoin price history and use the charts and indicators reading of forex for bitcoin technical analysis too. Fundamental and sentiment is also in crypto. Take note of that.

However, personally I feel only technical analysis is not enough for your trading. You must learn about fundamental analysis too. Because without good fundamentals, you will put your money at risk. If an asset has good fundamentals, even if your technical analysis is wrong, you can hold it (like Bitcoin) and still have chance to get profit  by holding your bitcoin long enough to cover your mistake in technical analysis.

Fundamental analysis is very important, but it is not about people learning it like technical analysis, it is more about reading news, known how CPI and interest rate can affect the price of bitcoin and crypto in short term, relating exchange inflow and outflow of a coin on exchanges to possible price drop or increase, and also knowing if miners and investors are accumulating or not etc.

Welcome to the forum. I think technical analysis can be a useful tool for traders to make decisions, but it's not necessarily a must-know for crypto trading.

A trader that do not know technical analysis is like a car that is travelling that has not break and accelerator.

[Latviand]

Not important or a must know but it can help you a lot since TA helps you to understand and recognize patterns in the market which can help you make an informed decision on what's the next step in your trading. You can't rely too much on it though as it's not really a foolproof tactic when trading, remember that crypto market is a volatile market and you can't really underestimate that volatility because it will catch you off-guard. All in all, it's up to the individual if they want to learn how to do TA or not.

[gunhell16]

Hello everyone am new here, more like a trader that got by with a bit of knowledge through personal experience (success and failure's) since 2020 but got introduced to this forum by a friend,pointing out that I can find information's and be able to communicate with other enthusiast in the crypto market. I look forward to my experience here.
P.S I have really poor knowledge on bitcoin technicalities, am more of the chart reading and gut feeling type. so I hope am not breaking any of the rules posting here.
Was really curious to understand if technical analysis is vital or just a means to reduce risk. Thanks in advance

The study of trading here in cryptocurrency is not easy to understand, and the application of technical analysis is also not so easy to understand. It takes time, time, and dedication for you to do well as an individual trader in this industry.

I've been studying it for several years now because I still don't understand a lot of it, but despite what I'm doing, somehow I'm still experiencing profit weekly in trading.

[Iloveegusi]

Thank you...... So can you please recommend any means or method I can go about it since someone just highlighted that some are scams

Technical analysis is like a road sign for you, if you don't have a road sign when you cross a new path, then you will be lost. Relying on a gut feeling is ridiculous in trading, no gut feeling can predict it will go up or down, unless you are betting. Technical analysis is basic knowledge that absolutely must be known by anyone who wants to be involved in the world of trading, without analysis you will not be able to do it. it is easier to lose your money if you ignore technical analysis. If you have a bad analysis, you need to continue to learn and understand gradually, trade and you will gain experience and learning over time.

[kotajikikox]

there are several people that I know who is successful in trading that does not using TA in which  I believe is optional as long as you knew to read and understand what is the project you are investing .
because if you are putting money in Great project then the chance of losing is very tin, you may not earn instantly but in the long run? surely there is a positive thing to happen.

[wxa7115]

Can I learn myself or is important I about them from a professional?

There is a lot of material you can find on the internet, everything about bitcoin, about the market, so you can become an investor, a trader. You can learn everything by yourself. You can also learn from experienced people, which will help you learn faster, but beware of online experts, as most are scams.

The cryptocurrency market is like any other industry, to make a profit requires knowledge, and that is the only way for you to succeed. If possible, you should learn them all, technical analysis, fundamental analysis...all of them will benefit you in any case.

It is important to be careful with the sources we select to learn from, there are many people which call themselves experts and yet they have not earned a single dollar out of trading during their entire lives.

If I was the OP I will try to focus to learn the basics on some websites with renown among traders and investors, and then learn more specific knowledge from books, as no only those books explain more in detail every single aspect of becoming a trader, but they are more realistic about the money which can be made out of the markets.

[noorman0]

It depends on what kind of trading you want. If you are a typical day or futures trader then technical analysis is preferred to master. There are also professional traders who don't even use technical at all because of the longer trading period and reduced psychic effects. To use fundamental analysis is sometimes more complex, which must follow the important economic calendar in the world.

[Dr.Bitcoin_Strange]

P.S I have really poor knowledge on bitcoin technicalities, am more of the chart reading and gut feeling type. so I hope am not breaking any of the rules posting here.
Was really curious to understand if technical analysis is vital or just a means to reduce risk. Thanks in advance

OP, technical analysis in trading and Bitcoin technology are two different things; I see that you are missing the two words together. When you talk about Bitcoin technology, it entails understanding all the programs and processes that make the system operate efficiently, but the technical analysis you are talking about in trade is a combination of some trading tools that make you get a good insight on price movement and also be able to predict the direction of the market at different time intervals.

So yes, it's a must to know how to use some technical trading tools and how to combine them. But that's not only what will make you a successful trader; you will also build your own trading strategy that works better for you, like the best time to trade, favorite crypto pairs to trade, when to take profits, how to manage your money, and how not to allow your emotions to influence your decisions in the crypto market.

I fully agree with this
Price it’s not the case here

@CryptoGodSon I think you wanted to quote the above reply. See how to quote.

[hugeblack]

The comments here are free, and many people seem to see them and analyze the price. Do not take these analyzes as investment advice.
As soon as these members mention information, go to Google Learn about it and try to share your information.
In a short period and within 6 months you will learn a lot and then you can develop a strategy on your own.
These boards you can search:

• https://bitcointalk.org/index.php?board=57.0
• https://bitcointalk.org/index.php?board=8.0
• https://bitcointalk.org/index.php?topic=178336.0

[Hypnosis00]

Can I learn myself or is important I about them from a professional?

You can take both but I would say that having someone even though it was not a pro-trader but already have an experience in trading, will help you to easily understand trading. But of course, doing research could actually give you more ideas if ever he misses it or not mentioning it. Because the truth is that learning can't be done instantly but it is continuous. And you can build confidence if you have enough knowledge and TA is one of the vital things that you need to learn, perhaps master it if possible.

[jeraldskie11]

Reading charts is not learned from school AFAIK. People only learned it when they have the interest to learn about it or just have the motivation to make money.

It is entirely different if you are motivated and interested in learning anything. However, self-learning in trading is difficult; you will have to experience numerous losses in order to learn. Many merchants pretend to be self-taught, but the truth is that they are too arrogant to admit that they were directed or taught by someone. Consider this: we have a profitable mentor who has trained us, but it is still tough for us to be constant in the market. Self-learning is beneficial, but it is preferable if we are taught.

There were success stories posted on the forum, particularly on the Forex forum where they were just following the free trading systems shared by some users. Eventually, they learned more about the indicators and how to use them to speculate the market.

AFAIK, most forex traders rely solely on price action. So it is hard for them to be profitable if all they know is an indicator . The indicator is somewhat sluggish; it simply reports on the last price movement in the market. It is rare for someone to declare that they have been profitable as a result of free trading information. So be cautious, because some people simply steal other people's success and then claim it as their own.

[Cryptomiles1]

Hello everyone am new here, more like a trader that got by with a bit of knowledge through personal experience (success and failure's) since 2020 but got introduced to this forum by a friend,pointing out that I can find information's and be able to communicate with other enthusiast in the crypto market. I look forward to my experience here.
P.S I have really poor knowledge on bitcoin technicalities, am more of the chart reading and gut feeling type. so I hope am not breaking any of the rules posting here.
Was really curious to understand if technical analysis is vital or just a means to reduce risk. Thanks in advance

First I have to answer this from your post title, is some what related to as "asking someone if he would take breakfast for the day"?
Yes of course! Anyone that woke's up in the morning needs a breakfast it could be any food. Such is TA, you can't do without Technical Analysis as long as trading is concerned in crypto trading or Forex trading, they are essential tools that guide you to a successful trading. Without you developing a passion for TA then your trading journey might not be smoother as you may think.

[borovichok]

It depends on what kind of trading you want. If you are a typical day or futures trader then technical analysis is preferred to master. There are also professional traders who don't even use technical at all because of the longer trading period and reduced psychic effects. To use fundamental analysis is sometimes more complex, which must follow the important economic calendar in the world.

Trading is risky, so to be on the safer side, we need to obtained good knowledge that will aides the smooth mapping of trading charts. Categorically, we ought to know the market season, currently is the bear season and there's sign of incoming bull in the market. Mastering both trading strategy would be difficult at first but with time, gaining some knowledge of fundamental will also do some backup help. Technical analysis is more accurate than fundamental analysis because news only comes twice in a week, specifically CPI. Unlike FOMC that do comes first week of every new month.

[electronicash]

today you just watch just about anything on video-sharing sites and learn technical analysis by watching tutorials is somewhat ideal for everyone who has a phone.

all there is to have is an interest to learn to trade. which is also difficult to have when you have nothing to invest though. you definitely need some push and money to play around as capital.

[rby]

Hello everyone am new here, more like a trader that got by with a bit of knowledge through personal experience (success and failure's) since 2020 but got introduced to this forum by a friend,pointing out that I can find information's and be able to communicate with other enthusiast in the crypto market. I look forward to my experience here.
P.S I have really poor knowledge on bitcoin technicalities, am more of the chart reading and gut feeling type. so I hope am not breaking any of the rules posting here.
Was really curious to understand if technical analysis is vital or just a means to reduce risk. Thanks in advance

In cryptocurrency trading, we have technical analysis and fundamental analysis. While some people believe that fundamental analysis is the real and needed analysis to excel in the crypto-currency market some other people believe that it is the technical analysis that is the main analysis that drives the market but in my own opinion both technical and fundamental analysis augment each other and they do not contradict each other.
Whatever happens in the fundamental is what is represented in the technical. So having the knowledge of both will be exceptional for you to excel in cryptocurrency day trading.

[death69]

As for your question on technical analysis - well, picture it like using a map to traverse a jungle. You could meander aimlessly, fingers crossed, but why gamble?

Naturally, it hinges on your trading approach. If intuition is your jam, TA might not be your brew. But for risk reduction and informed decisions, a dose of TA works wonders.

Imagine TA as training wheels on a bicycle. You could ditch 'em, but why court scraped knees? A little practice, and you'll be pedaling like a champ.

Give it a whirl. Who knows - you might astonish even yourself.

[el kaka22]

It is not a must if you are a long term investor like me, but it is good to learn if you have the time. I mean there is really no reason not to learn it, how you can learn it is on google and youtube and free for all, so there is absolutely no reason not to learn it. After you learn it ,there is this added bonus that you will be better at trading as well, but you could still do long term investment if you want to.

I personally learned it and still do long term investment but sometimes I try trading here and there, whenever I feel like it. That is why it is better to have it and no reason not to, which is why it would be great to focus on something like that. I am not sure if it will be a good idea to go along without learning it.

[stomachgrowls]

Hello everyone am new here, more like a trader that got by with a bit of knowledge through personal experience (success and failure's) since 2020 but got introduced to this forum by a friend,pointing out that I can find information's and be able to communicate with other enthusiast in the crypto market. I look forward to my experience here.
P.S I have really poor knowledge on bitcoin technicalities, am more of the chart reading and gut feeling type. so I hope am not breaking any of the rules posting here.
Was really curious to understand if technical analysis is vital or just a means to reduce risk. Thanks in advance

If you are really that having zero knowledge in trading and if you do wanted to have a good grasps when it comes to technical indicators then it wouldnt really be t hat bad on finishing up the course which is
on BABYPIPS.COM.

This might be particularly focusing on FOREX but this is something that do share up on the same idea on how technical indicators should be used and should really be treated up.
Dont make yourself that having that feeling sorry or whatsoever because this is a free market.You can do everything you do want and make or use of your own ways
and its none others business on what you would be doing.

[blockman]

Can I learn myself or is important I about them from a professional?

You can learn it on your own and there are a lot of video materials where you can learn it for free or even pdf files that you can start reading which are given for free as well.
There's a different between learning it to a professional but they'll also just teach you the basics of it and most likely, they're not active traders anymore but just stayed as an educator that aims to help new traders that are on their way. And of course, it could come with some fee and it might not be free. One of the best teachers is to learn it with actual trading as you try to read and make your own TA also, do not forget that no TA can beat the market.

[Myleschetty]

No Technical Analysis its not the most important thing in crypto space.

Technical analysis is a must know for cryptocurrency traders that want to go a long way in the market or want to have outstanding knowledge about crypto trading. Do you know why?
Technical analysis help trader develops trading strategies and makes knowledgeable decisions by combining historical market data, like price, trend, and volume to make the right decision it will also help the reading of chart and candlesticks uses.

[Bushdark]

Hello everyone am new here, more like a trader that got by with a bit of knowledge through personal experience (success and failure's) since 2020 but got introduced to this forum by a friend,pointing out that I can find information's and be able to communicate with other enthusiast in the crypto market. I look forward to my experience here.
P.S I have really poor knowledge on bitcoin technicalities, am more of the chart reading and gut feeling type. so I hope am not breaking any of the rules posting here.
Was really curious to understand if technical analysis is vital or just a means to reduce risk. Thanks in advance

Technical anal6is a must for us to learn how to trade. Just like we have the forex market that solely dependent on technical and fundamental analysis. In cryptocurrency the market does not only depend on the fundamental rather the technical analysis that gives us clue of the possible direction the market is intending to go.

Trading is one aspect we need to know thoroughly for us to be able to keep making consistent profits from the market. Technical analysis include the indicators, price patterns, and other constituents of the market that is different from the fundamental.

[jeraldskie11]

There's a different between learning it to a professional but they'll also just teach you the basics of it and most likely, they're not active traders anymore but just stayed as an educator that aims to help new traders that are on their way.

It appears that one cannot be referred to as a professional trader if he is not actively trading. Because, as a professional trader, he should be active because it is his primary source of income, and he has demonstrated that his trading strategy is profitable. So he is not a skilled trader; he is most likely a trader who is losing money, so he started a mentorship program to earn money instead of trading. As a result, he can only teach his mentees the basics.

I urge that you acquire a mentor when you start trading because I don't want you to be like others who ruined their careers due to "self-learning". Just make sure you find a mentor who is truly profitable and who will educate you from the heart, not just to take your money.

[xSkylarx]

Technical analysis is a basic thing that needs to be learned in trading; i mean, most tutorials have this as this is where we start, like with the proper usage of indicators and how to integrate them into our strategy, or even just our strategy and additional gut or feeling, but there are also others who do naked trading and just trade based on a candlestick pattern. But you as a newbie, it is better to learn it too. I mean, it is a tool for you in trading, and you should also try it, and if it isn't working on you (which is impossible), then try fundamentals.

[Faisal2202]

Hello everyone am new here, ...so I hope am not breaking any of the rules posting here.
Was really curious to understand if technical analysis is vital or just a means to reduce risk. Thanks in advance

Welcome aboard iloveegusi, i hope you may grow, prosper and learn a lot though this forum, No you are not breaking any law by posting any topic here, but you have to keep the types of your post in your mind before posting it on any thread, like i can see, you posted a question bout technical analysis on the trading discussion which is a good sing that you have introduced yourself with the forum rules. And i have a jumbo tip for you, Do not plagiarism on this platform.

Now coming back to your query, of is Technical analysis is necessary or not. it is damn necessary, actually most of the traders use two types of analysis before hand when they took entry in any kind of assets or digital currency. Which is Fundamental analysis and Technical analysis. In the first one (fundamental analysis) person get familiar with all the economical events and observe all the News cycle and try to find behavior on big whales accounts bia tools, to understand the broad image of crypto market. And after getting a good sign to take entry,

You further goes to technical analysis, in which you observe charts of the specific token, asset or security you have chosen to buy, sell, or hold whatever. You observe the charts, and apply different tools to deduct decision making patterns out of those charts. you must have good skill on it because it the main heart of the body. Overall, it's not that difficult and AFAIK, it is more predictable than fundamental ones. because charts depend on fundamental and fundamental depends on news cycle, government's steps towards crypto, rule and regulations, etc. which are unpredictable at some points.

[Kelvinid]

Was really curious to understand if technical analysis is vital or just a means to reduce risk. Thanks in advance

Technical Analysis is vital in trading and a must to know prior to starting trading. Might it find hard and not work great at first but you will know later how important it was when fully engage in the market volatility. But yes, even you know TA, don't make yourself very confident that you are totally safe and not incur losses because whether you like it or not, this will happen to any of us. But if we talk about how useful is this in trading, this is one tool for our success. 

[Oshosondy]

It depends on what kind of trading you want. If you are a typical day or futures trader then technical analysis is preferred to master.

Scalping is having shorter durations for opening and closing positios than day trading. With scalping, you only need some seconds to some minutes to open and close position. It requires technical analysis too.

Swing trading is what we can consider as long term trading in which you can open a position for days up to a week or more. Swing trading also requires technical analysis too unless the market drop significantly to the point that you know that if you open a position, you will be favoured as the market go just in your direction taken of your opened a position.

If you do not want technical analysis, just invest. But investors still make some simple technical analyses.

Which only means the person is not a professional trader. Some people can consider themselves as a professional traders until they learn more to know that they know nothing before. You now what ignorance is.

There are also professional traders who don't even use technical at all because of the longer trading period and reduced psychic effects. To use fundamental analysis is sometimes more complex, which must follow the important economic calendar in the world.

You probably means investors, not traders. Some investors even still check the chart before investing. Good traders can not do without technical analysis.

[Franctoshi]

For me yes, Except you want to be a blind investor into Bitcoin and cryptocurrency without understanding the market. In the other hands you need the knowledge to navigate successfully in this industry, basically to know the right time you should start buying/selling. However, not just only Technical Analysis, you also need pay attention to Fundamentals events of the market because they are the actual drivers of the market, while all the events can be seen in the chart.

[blockman]

There's a different between learning it to a professional but they'll also just teach you the basics of it and most likely, they're not active traders anymore but just stayed as an educator that aims to help new traders that are on their way.

It appears that one cannot be referred to as a professional trader if he is not actively trading. Because, as a professional trader, he should be active because it is his primary source of income, and he has demonstrated that his trading strategy is profitable. So he is not a skilled trader; he is most likely a trader who is losing money, so he started a mentorship program to earn money instead of trading. As a result, he can only teach his mentees the basics.

I urge that you acquire a mentor when you start trading because I don't want you to be like others who ruined their careers due to "self-learning". Just make sure you find a mentor who is truly profitable and who will educate you from the heart, not just to take your money.

In social media, you see a lot of that type of trader. They proclaim themselves as mentors to others but they don't really trade at all. They know the basics of trading and strategies with it but they don't actively trade and apply what they say.
It's because they're not profitable traders and just stayed to be like an influencer but don't really do trades at all and that's how they find the bread and butter for themselves because that seems to be an effective way for them to earn some money out of the market without doing actual trades.

[Davidvictorson]

Hello everyone am new here, more like a trader that got by with a bit of knowledge through personal experience (success and failure's) since 2020 but got introduced to this forum by a friend,pointing out that I can find information's and be able to communicate with other enthusiast in the crypto market. I look forward to my experience here.
P.S I have really poor knowledge on bitcoin technicalities, am more of the chart reading and gut feeling type. so I hope am not breaking any of the rules posting here.
Was really curious to understand if technical analysis is vital or just a means to reduce risk. Thanks in advance

I will encourage newbie traders not to fuss too much about learning technical analysis. I am not trying to downplay the crucial role of technical analysis in trading but I would pick fundamental analysis over it. My reason for this is because coinbase¹ put it very well "Fundamental analysis is a “big picture” approach that examines financials, user community, and future real-world utility."
However, I think the learning path a individual chooses to follow depends on who is his initial influence, mentor, model advised. Especially their trading style.

1. https://www.coinbase.com/learn/crypto-basics/what-are-technical-analysis-and-fundamental-analysis#:~:text=Technical%20analysis%20looks%20at%20patterns,and%20future%20real%2Dworld%20utility.

[|MINER|]

Snip

Before answering your questions I have to know actually what types of trading you wanna do ,  Because technical analysis and fundamental analysis both are very important for doing trading. Technical analysis is basically detailed technical analysis with charts and candles. And it is more active for short-term trading, if you are a professional short-term trader then I will tell you that technical analysis is a very necessary tool for you. On the other hand if you are a long term trader then I will tell you to learn fundamental analysis it is more effective than technical analysis for long term trading.

[2double0]

I think chart reading also involves technical analysis and you must understand technical analysis if not interested in fundamentals. However, fundamentals are more important because a slight news can make a big change in crypto and you can get chances where you can make good profits. Latest example was the Twitter logo change to a 🐶, and Doge spiked up. And then it fell down even badly. These were the opportunities that can be tracked if you are active online, another example was an attorney saying that FTX will start its operations again and FTT saw a big pump.

[ShowOff]

I think chart reading also involves technical analysis and you must understand technical analysis if not interested in fundamentals. However, fundamentals are more important because a slight news can make a big change in crypto and you can get chances where you can make good profits. Latest example was the Twitter logo change to a 🐶, and Doge spiked up. And then it fell down even badly. These were the opportunities that can be tracked if you are active online, another example was an attorney saying that FTX will start its operations again and FTT saw a big pump.

You are right about the analysis. I often mix fundamental analysis and technical analysis for trading, so both serve the same purpose and it depends on who is relying on one or the other. Analyze charts is technical analysis, it can help the OP get an idea of ​​when he can enter to buy and when to sell. But when it comes to investment plans, I think we can also combine the two analyses.

Both analyzes are important, the trend depends only on your plans and of course on which analysis has helped you the most so far.

[tvplus006]

...Was really curious to understand if technical analysis is vital or just a means to reduce risk. Thanks in advance

Of course, if you consider yourself a trader and do not have a crystal ball to predict the price, then technical analysis will be useful to you. But to trade and make a profit, it is not enough just to look at the chart, you need to understand what is happening in the market.

[palle11]

Can I learn myself or is important I about them from a professional?

You can learn bitcoin on yourself by even reading about it. Learning about bitcoin is different from trading it. So if you want to trade on bitcoin then you will need the chart which can be technical analysis this is like what you trade in any other cryptocurrency. What you need the understanding here is bitcoin understanding is different from trading bitcoin. Understanding bitcoin is to know the technology and how bitcoin transaction works and trading of bitcoin is to buy or sell it, you may need technical analysis to trade

[Fivestar4everMVP]

Hello everyone am new here, more like a trader that got by with a bit of knowledge through personal experience (success and failure's) since 2020 but got introduced to this forum by a friend,pointing out that I can find information's and be able to communicate with other enthusiast in the crypto market. I look forward to my experience here.
P.S I have really poor knowledge on bitcoin technicalities, am more of the chart reading and gut feeling type. so I hope am not breaking any of the rules posting here.
Was really curious to understand if technical analysis is vital or just a means to reduce risk. Thanks in advance

First, you are welcome to the forum, i hope you enjoy your participation in the forum discussions all through your stay here..

I didn't go through the comments to get to know what others are saying, but from my own personal experience and opinion as a partial trader, I consider knowing how to do technical analysis to be a must for every serious trader, though no knowledge of it doesn't stop you from trading normally, but for better understanding of the market and for increased chances in making profitable trades, it is very important to know how to do technical analysis of the coin or token you are trading or going to trade.

[stomachgrowls]

Hello everyone am new here, more like a trader that got by with a bit of knowledge through personal experience (success and failure's) since 2020 but got introduced to this forum by a friend,pointing out that I can find information's and be able to communicate with other enthusiast in the crypto market. I look forward to my experience here.
P.S I have really poor knowledge on bitcoin technicalities, am more of the chart reading and gut feeling type. so I hope am not breaking any of the rules posting here.
Was really curious to understand if technical analysis is vital or just a means to reduce risk. Thanks in advance

Even though technical analysis isnt something that precise nor give out guarantees on making or giving positive results into your trading, but  having the knowledge about on making yourself that pretty aware on how to make use of these things are important rather than on having no knowledge at all on what it is.We do know that we cant just make out some positioning in regarding with our trading and just getting in without any
basis which is really a bad thing if you do have that kind of consideration. You are just simply making doing some gambling on that case. You should know on how to read up and make some technical analysis
which you would really be needing it up along the way.

[Unbunplease]

Knowing technical analysis when trading cryptocurrencies has certain advantages and allows you to make more or less educated guesses about future price movements. But don't rely too much on technical analysis, because manipulators know this too and will try to trap you. Technical analysis must be accompanied by good luck and financial discipline.

[jeraldskie11]

<snip>

<snip>

In social media, you see a lot of that type of trader. They proclaim themselves as mentors to others but they don't really trade at all. They know the basics of trading and strategies with it but they don't actively trade and apply what they say.
It's because they're not profitable traders and just stayed to be like an influencer but don't really do trades at all and that's how they find the bread and butter for themselves because that seems to be an effective way for them to earn some money out of the market without doing actual trades.

Yes, it is true, particularly in our country. They abruptly vanish after receiving the money from the mentees. When the market is bullish, many will give mentorships in SocMed, but when the market is bearish, they will abruptly disappear. They cannot allow their money to survive the bear market because they are aware that they are not lucrative. So let us exercise caution when selecting a mentor. If that's the only type of mentorship we can receive, it's better to perform self-learning and then utilize the money we used to pay for the mentorship as trading capital.

[blockman]

In social media, you see a lot of that type of trader. They proclaim themselves as mentors to others but they don't really trade at all. They know the basics of trading and strategies with it but they don't actively trade and apply what they say.
It's because they're not profitable traders and just stayed to be like an influencer but don't really do trades at all and that's how they find the bread and butter for themselves because that seems to be an effective way for them to earn some money out of the market without doing actual trades.

Yes, it is true, particularly in our country. They abruptly vanish after receiving the money from the mentees. When the market is bullish, many will give mentorships in SocMed, but when the market is bearish, they will abruptly disappear. They cannot allow their money to survive the bear market because they are aware that they are not lucrative. So let us exercise caution when selecting a mentor. If that's the only type of mentorship we can receive, it's better to perform self-learning and then utilize the money we used to pay for the mentorship as trading capital.

That's why the impression of being bad goes to crypto because of these cons and fake influencers and traders. One day that they'll be busted with these conning actions that they've been doing. It's not always a good day for them and once they're able to have that someone that will push them to the courts for being a fake TA expert and just playing the role of it, they'll for sure going to have their own time for it. You're right, and when the bear market comes and this bull run is done, they'll be gone in the wind and will be out like a dust as if nothing has happened.

[AnonBitCoiner]

Can I learn myself or is important I about them from a professional?

You can learn by yourself there is no need of expert to teach you, at start there will some difficulties but with the passage of time you will understand everything. there are lots of videos on YouTube which can help you in getting knowledge so always try to watch these videos.

I will always give you suggestion that if some of your family member is engaged in crypto then surely get knowledge from him because relatives will teach you in better way. First try to know each and everything about trading and investment before going to start it because there will be difficulties in achieving task if you have lack knowledge.

[WatChe]

In social media, you see a lot of that type of trader. They proclaim themselves as mentors to others but they don't really trade at all. They know the basics of trading and strategies with it but they don't actively trade and apply what they say.
It's because they're not profitable traders and just stayed to be like an influencer but don't really do trades at all and that's how they find the bread and butter for themselves because that seems to be an effective way for them to earn some money out of the market without doing actual trades.

You figured it out very right. Social media influencers over the time have become millionaire or billionaire by teaching there followers skills which they haven't practised. In my country there is a crypto influencer, there is no proof of what he has earned in crypto trading, but his crypto signalling group generates around 100k$ turn-over for him. To me using your own mind is best strategy as it train your mind for future trading.

[tjtonmoy]

Was really curious to understand if technical analysis is vital or just a means to reduce risk. Thanks in advance

It is a way of knowing somewhat what the market might do next. But it is never 100% correct. It is a way of doing the thing, and almost all traders use it. Otherwise, you will have to rely on your own strategy and I think as the market situation changing now and then. So you will have to change or create more and more strategy based on the market condition.
That is why we choose one system which has many different options and strategy, but they fall into one system. AKA Technical Analysis. This is a system to do it in a way that could match many market situations to give you a good understanding on market. 

[savetheFORUM]

Hello everyone am new here, more like a trader that got by with a bit of knowledge through personal experience (success and failure's) since 2020 but got introduced to this forum by a friend,pointing out that I can find information's and be able to communicate with other enthusiast in the crypto market. I look forward to my experience here.
P.S I have really poor knowledge on bitcoin technicalities, am more of the chart reading and gut feeling type. so I hope am not breaking any of the rules posting here.
Was really curious to understand if technical analysis is vital or just a means to reduce risk. Thanks in advance

Everyone has to go through success and failure in their lives for whatever they do or like to do, success gives us the motivation to do more while failure teaches us what we shouldn't do again in the future, so both of these are vital elements in any endeavor one may go through.

When it comes to cryptocurrency trading, technical analysis will probably play a vital role depending on your trading habit. If you are a long-term trader, who mostly likes to buy and hold cryptocurrencies for profit, you wouldn't really need to know a lot, but if you are a short-term trader, who trades to get profit in short periods of time, you will definitely need to learn all about technical analysis, chart reading and stuff to help you evaluate market moves more accurately.

[kamvreto]

~snip~When it comes to cryptocurrency trading, technical analysis will probably play a vital role depending on your trading habit. If you are a long-term trader, who mostly likes to buy and hold cryptocurrencies for profit, you wouldn't really need to know a lot, but if you are a short-term trader, who trades to get profit in short periods of time, you will definitely need to learn all about technical analysis, chart reading and stuff to help you evaluate market moves more accurately.

Short-term or long-term both need to know more details about trading. Although those who trade long-term are more relaxed, they must also prepare a good strategy when the market is unpredictable. Many who initially decide to do long-term trading but end up with a cut loss, it's because they are not sure where the market will go. Or even those who trade short-term must be more careful and must be quick in determining their position. Profits are fast and risks are also higher. Large capital also determines their profits and losses.

[LastKiss]

Hello everyone am new here, more like a trader that got by with a bit of knowledge through personal experience (success and failure's) since 2020 but got introduced to this forum by a friend,pointing out that I can find information's and be able to communicate with other enthusiast in the crypto market. I look forward to my experience here.
P.S I have really poor knowledge on bitcoin technicalities, am more of the chart reading and gut feeling type. so I hope am not breaking any of the rules posting here.
Was really curious to understand if technical analysis is vital or just a means to reduce risk. Thanks in advance

If you're earning a good amount and comfortable with your gut and able to read the chart then just keep going, if you're looking for more knowledge to make your trading risk is lowered then technical analysis, or fundamental analysis is important when you're trading frequently. Any skills in crypto will help you earn more in the crypto space, not only in crypto when you have a lot of skills or knowledge your life will feel handy. 

[Huppercase]

Hello everyone am new here, more like a trader that got by with a bit of knowledge through personal experience (success and failure's) since 2020 but got introduced to this forum by a friend,pointing out that I can find information's and be able to communicate with other enthusiast in the crypto market. I look forward to my experience here.
P.S I have really poor knowledge on bitcoin technicalities, am more of the chart reading and gut feeling type. so I hope am not breaking any of the rules posting here.
Was really curious to understand if technical analysis is vital or just a means to reduce risk. Thanks in advance

If you lack an understanding of technical analysis, why venture into trading? As a trader, technical analysis serves as your roadmap to the market, enabling you to cautiously generate profits while minimizing losses. Losses are a normal part of trading, but with the aid of stop loss and risk management, they should be kept to a minimum.

You've been around for over two years in the forum and it seems like you still haven't grasped technical analysis. Have you considered buying and holding crypto instead of trying to learn trading? It has been proven that the most straightforward way to profit in crypto is to buy, hold, and sell once you've achieved significant gains or the profit that satisfy you, you should try that isntead.

[gunhell16]

Hello everyone am new here, more like a trader that got by with a bit of knowledge through personal experience (success and failure's) since 2020 but got introduced to this forum by a friend,pointing out that I can find information's and be able to communicate with other enthusiast in the crypto market. I look forward to my experience here.
P.S I have really poor knowledge on bitcoin technicalities, am more of the chart reading and gut feeling type. so I hope am not breaking any of the rules posting here.
Was really curious to understand if technical analysis is vital or just a means to reduce risk. Thanks in advance

Everything can be learned as long as it is always accompanied by perseverance, dedication, determination, and above all, passion. Because when you have all this, it is not unlikely that you will easily understand the so-called technical analysis when you are doing actual trading here in cryptocurrency.

Because the knowledge of understanding technical analysis or whether it is fundamental, it is an advantage to an individual trader when you know how to read charts and analyze graphs,

[Yamifoud]

Well, if we want to succeed and reach our goal in trading, then we have to learn many crypto trading tools and so we should have to learn TA.
It has to note that TA is one of the vital tools in trading. We don't have to do it instantly but we can learn this somehow gradually as we are in actual trading. We don't have to be perfect on TA as it was also impossible but at least having this stuff will help us a lot as to we have an idea of what we gonna do next - when to buy and when to sell.

[Woodie]

Well technically can't say its a must know because  we have all sorts of trading styles and others trade with the help of expert advisors and indicators which doesnt need the extra knowledge , but if you are the hands on kind of  trader I would say learn technical analysis to give yourself an edge over the market and just give yourself a winning chance.

All in all go with what  works for you!

For me yes, Except you want to be a blind investor into Bitcoin and cryptocurrency without understanding the market.

I don't  know about this, are ypu saying all investors out there know technical analysis or how to trade... I don't  think so, others use financial  advisors or investments managers that do this for them and factor out the risk involved etc.

[tygeade]

...Was really curious to understand if technical analysis is vital or just a means to reduce risk. Thanks in advance

Of course, if you consider yourself a trader and do not have a crystal ball to predict the price, then technical analysis will be useful to you. But to trade and make a profit, it is not enough just to look at the chart, you need to understand what is happening in the market.

What is happening in the market could be seen from the TA as well, charts do share that, not just the past, but also tries to predict the future by looking at the past movements as well. That is literally what charts are all about, it looks at what happened, it searches for if that same thing happened before, if it finds any, it looks what happened after that, and then tell you "x happened, last time x happened, y happened, be ready for that" and that's what charts are all about.

I am not saying that it will be a good investment or anything like that, obviously we could have a bad result on this and could maybe face something bigger, but as long as this exists, I think reading charts and checking the indicators are a great way to trade.

[Nrcewker]

If you accumulate more knowledge be it in technical form or theoretical form, it’s no harm to a person. I mean extra knowledge is never harmful for any human in any way. I am not saying that technical analysis is not required , but without it, a person can trade also. All you need to know is basic knowledge of the coins, it’s history and at what particular time or event it’s price increases or decreases. If a person has basic knowledge on this, then definitely he can do good and profitable trades. Technical analysis help in many perspective, but it’s not always necessary.

[CarnagexD]

Hello everyone am new here, more like a trader that got by with a bit of knowledge through personal experience (success and failure's) since 2020 but got introduced to this forum by a friend,pointing out that I can find information's and be able to communicate with other enthusiast in the crypto market. I look forward to my experience here.
P.S I have really poor knowledge on bitcoin technicalities, am more of the chart reading and gut feeling type. so I hope am not breaking any of the rules posting here.
Was really curious to understand if technical analysis is vital or just a means to reduce risk. Thanks in advance

Trading isn't all about technical analysis. You can also use solely fundamental analysis instead.

The point is, you cannot master the market. You can only master yourself. By establishing your own rules, own system, own decision making process, and most importantly risk management. All put together with your own psychology and there you go. You are able to profit with the market.

You can give any person a working system but still, they cannot trade it profitably. Why? Is it because of the system? The market change? NO. It is because of the trader. The operator. They lack the necessary experience and confidence to get in front of the market.

Hello everyone am new here, more like a trader that got by with a bit of knowledge through personal experience (success and failure's) since 2020 but got introduced to this forum by a friend,pointing out that I can find information's and be able to communicate with other enthusiast in the crypto market. I look forward to my experience here.
P.S I have really poor knowledge on bitcoin technicalities, am more of the chart reading and gut feeling type. so I hope am not breaking any of the rules posting here.
Was really curious to understand if technical analysis is vital or just a means to reduce risk. Thanks in advance

Everything can be learned as long as it is always accompanied by perseverance, dedication, determination, and above all, passion. Because when you have all this, it is not unlikely that you will easily understand the so-called technical analysis when you are doing actual trading here in cryptocurrency.

Because the knowledge of understanding technical analysis or whether it is fundamental, it is an advantage to an individual trader when you know how to read charts and analyze graphs,

Reading the chart is completely different from trading. Trading is engaging the market. Reading the chart is only knowing where it is likely to go. You can know its direction but can you trade it? Can you accept the risk? Can you take the probabilities? Can you endure losing positions before it goes to a winning position?

It's easy to win a trade. But it takes mastery and rigid rules to win consistently.

[palle11]

If you accumulate more knowledge be it in technical form or theoretical form, it’s no harm to a person. I mean extra knowledge is never harmful for any human in any way. I am not saying that technical analysis is not required , but without it, a person can trade also. All you need to know is basic knowledge of the coins, it’s history and at what particular time or event it’s price increases or decreases. If a person has basic knowledge on this, then definitely he can do good and profitable trades. Technical analysis help in many perspective, but it’s not always necessary.

You are right to remind that technical analysis is not all to trade but that having the knowledge is helpful and it is going to be an advantage or edge that you may need in the trade. However, regards to knowing the time that coins increase or decrease, I think probably you are referring to bitcoin because of halving that happens every four years and the expectation of a rise comes after each halving, but other coins don't have such specific or expectation like that but to rely on bitcoin bull and sometimes they don't perform as such even with bitcoin bull. The technology of some projects doesn't also become what to look at. Pump and dump coins don't rely on technical analysis or any indicator but your ability to read what is happening. Therefore apart from bitcoin, we can't conclude expectation of increase or decrease of a coin.

[mvdheuvel1983]

Was really curious to understand if technical analysis is vital or just a means to reduce risk. Thanks in advance

Newbies should learn technical analysis.  It is the simplest technique to track and decipher price movement, in my opinion, and serves as a pointer for many other market indicators.
- it is the simplest technique to observe and interpret price movement. Any dummy by just at the chart can tell the direction of the price.
- it is the simplest technique to determine whether you should buy or sell because just by looking at the chart you can tell the direction of the market.
- if you want to know when to enter or exit the market, technical analysis is the first port of call.
- Managing risks is not excluded too.

Technical analysis is highly important, as you can see. Beginners should learn it, while seasoned traders should continue honing their skills in it.

[DevilSlayer]

Hello everyone am new here, more like a trader that got by with a bit of knowledge through personal experience (success and failure's) since 2020 but got introduced to this forum by a friend,pointing out that I can find information's and be able to communicate with other enthusiast in the crypto market. I look forward to my experience here.
P.S I have really poor knowledge on bitcoin technicalities, am more of the chart reading and gut feeling type. so I hope am not breaking any of the rules posting here.
Was really curious to understand if technical analysis is vital or just a means to reduce risk. Thanks in advance

Everything can be learned as long as it is always accompanied by perseverance, dedication, determination, and above all, passion. Because when you have all this, it is not unlikely that you will easily understand the so-called technical analysis when you are doing actual trading here in cryptocurrency.

Because the knowledge of understanding technical analysis or whether it is fundamental, it is an advantage to an individual trader when you know how to read charts and analyze graphs,

Don't forget the consistency, you cannot master something without these things: burning desire to master some skills like technical analysis skill, faith to yourself that you can achieve what you want, giving the best that you got and lastly being consistent. Do you guys aware that this is where a lot of people struggle and fail wherein they let go their dreams and decided to not pursue it because they do not have consistency. It is one of the hardest things to master in any subject, consistency requires discpline and only few people have discpline to pursue their dreams and goals in life. When I was still beginner in crypto trading, I thought that it was easy to become successful in this field but I was wrong because it is really hard and I also experienced before that I almost gave up and not pursue the trading but I persist and I know became one of those profitable traders. My persistence is really hard but once you master and earned it, it is all worth it. Remember guys that failure is part of the process and it can help you to more faith in yourselves.

[death69]

...Was really curious to understand if technical analysis is vital or just a means to reduce risk. Thanks in advance

Of course, if you consider yourself a trader and do not have a crystal ball to predict the price, then technical analysis will be useful to you. But to trade and make a profit, it is not enough just to look at the chart, you need to understand what is happening in the market.

What is happening in the market could be seen from the TA as well, charts do share that, not just the past, but also tries to predict the future by looking at the past movements as well. That is literally what charts are all about, it looks at what happened, it searches for if that same thing happened before, if it finds any, it looks what happened after that, and then tell you "x happened, last time x happened, y happened, be ready for that" and that's what charts are all about.

I am not saying that it will be a good investment or anything like that, obviously we could have a bad result on this and could maybe face something bigger, but as long as this exists, I think reading charts and checking the indicators are a great way to trade.

As they say, the key to foreseeing the future is examining the past. In Bitcoin trading, that translates to scrutinizing charts like a hawk. Sure, it might appear mundane. But believe me, there's an indescribable thrill in dissecting data, channeling your inner Sherlock Holmes. And if the tides turn, at least you enjoyed the ride, right? It's not often you morph into a detective, attempting to outwit the market. So, my friend, unleash those charts. And bear in mind – even if you don't hit the jackpot, you'll have a fantastic tale to share.

[gabbie2010]

I am a supporter of the idea that you need to be able to do various types of analysis, and this is what affects the results of the work. For example, I tried my hand at market analysis on a demo account of Amarkets broker so that it would not affect my results.

Both fundamental and technical analysis are important tools for aiding profitable trading it's good the OP knew technical analysis, however the OP will have to be kept abreast with latest news and reports related to trading because fundamental news drives the market positively or negatively, though some traders only utilized technical analysis based on candlestick patterns formed which reveal or predict the next likely trend of the market after the fundamental news after a through analysis, personally I tried to learn every detail related to trading of course the internet contain all the available information needed for trading.

[blockman]

In social media, you see a lot of that type of trader. They proclaim themselves as mentors to others but they don't really trade at all. They know the basics of trading and strategies with it but they don't actively trade and apply what they say.
It's because they're not profitable traders and just stayed to be like an influencer but don't really do trades at all and that's how they find the bread and butter for themselves because that seems to be an effective way for them to earn some money out of the market without doing actual trades.

You figured it out very right. Social media influencers over the time have become millionaire or billionaire by teaching there followers skills which they haven't practised. In my country there is a crypto influencer, there is no proof of what he has earned in crypto trading, but his crypto signalling group generates around 100k$ turn-over for him. To me using your own mind is best strategy as it train your mind for future trading.

It's because it's easy to create some enticing videos just showing off their so-called gains over time but will never show where they actually came from. This is the reason why many are misled by these influencers thinking that this market is too easy for anyone to make a profit even not having basic knowledge of crypto and trading. They're hyping the market without validating the resources they have and making it like an actual gain they make in trading, they might have some gains but they're not showing their losses which are more than what they're showing to their audiences. We're in the digital days where every content can be done online and can be sold depending on its niches like these fake signals and basic information that can be learned over time for free but these influencers making them look like they're the geniuses and not giving the real source of that information. As if they've learned it the hard time, showing a bunch of money bills and making emotional videos that will move the audiences as if they're the solution to their money problems and they've found it through crypto trading without reminding them that they can lose all of their money.

[molsewid]

there are several people that I know who is successful in trading that does not using TA in which  I believe is optional as long as you knew to read and understand what is the project you are investing .
because if you are putting money in Great project then the chance of losing is very tin, you may not earn instantly but in the long run? surely there is a positive thing to happen.

Yep, i think it is really okay not to use TA if it is not effective for you? then rather than using TA then try to use other techniques that can help, even simple candle stick reading is helpful. Some use different methods such as EMA and Vol, everyone can learn that it is just that if we are newbie we should stick to a good strategy at first and then as time passes by our knowledge will broaden.

[Hamphser]

Hello everyone am new here, more like a trader that got by with a bit of knowledge through personal experience (success and failure's) since 2020 but got introduced to this forum by a friend,pointing out that I can find information's and be able to communicate with other enthusiast in the crypto market. I look forward to my experience here.
P.S I have really poor knowledge on bitcoin technicalities, am more of the chart reading and gut feeling type. so I hope am not breaking any of the rules posting here.
Was really curious to understand if technical analysis is vital or just a means to reduce risk. Thanks in advance

When dealing up on a volatile and unpredictable market then it is really just that right that you should really be that having some knowledge on using up some tools on which you could be able to make use while you

do make up some trades because this isnt something like gambling which you could really just simply put up some bets and then roll out.We arent doing gambling which means that you would really be needing for you to make use of analysis which is something that would really be lessening up the risks involved because if not then you would really be definitely making lots of mistakes and errors towards your trades.
You would be finding out for yourself on how important off these things on the time that you've decided on stepping your foot into this market and you would be able to know its relevance.

[teosanru]

Hello everyone am new here, more like a trader that got by with a bit of knowledge through personal experience (success and failure's) since 2020 but got introduced to this forum by a friend,pointing out that I can find information's and be able to communicate with other enthusiast in the crypto market. I look forward to my experience here.
P.S I have really poor knowledge on bitcoin technicalities, am more of the chart reading and gut feeling type. so I hope am not breaking any of the rules posting here.
Was really curious to understand if technical analysis is vital or just a means to reduce risk. Thanks in advance

Technical analysis is a basic requirement for any type of market trading on exchanges. It gives you historical data and is based on the fact that history repeats itself, so yes it's essential. Unless we are in a bull run and all the coins are going up, in such a case you'll see trading of little use as no matter where you put your money it's going up only.

[crzy]

It is vital and its meant to reduce the risk as you analyze when to buy and sell in the market.
Trading is not complete without analysis not unless you do gambling then TA is not necessary. If you want to succeed in TA, you can also do FA so you can know what to buy as well. Trading is very risky, you have to do your part to be more effective because that is for your own benefit.

[Twentyonepaylots]

Hello everyone am new here, more like a trader that got by with a bit of knowledge through personal experience (success and failure's) since 2020 but got introduced to this forum by a friend,pointing out that I can find information's and be able to communicate with other enthusiast in the crypto market. I look forward to my experience here.
P.S I have really poor knowledge on bitcoin technicalities, am more of the chart reading and gut feeling type. so I hope am not breaking any of the rules posting here.
Was really curious to understand if technical analysis is vital or just a means to reduce risk. Thanks in advance

Everything can be learned as long as it is always accompanied by perseverance, dedication, determination, and above all, passion. Because when you have all this, it is not unlikely that you will easily understand the so-called technical analysis when you are doing actual trading here in cryptocurrency.

Because the knowledge of understanding technical analysis or whether it is fundamental, it is an advantage to an individual trader when you know how to read charts and analyze graphs,

The thing with technical analysis is that you should really put an effort to learn and understand it. It is not that necessary in trading but it would be advantage for you to have these technical aspect of trading to be fully and deeply understand so you can make your trading be less risky. Being a trader really needs to make an effort whether understanding this analyses and making your own strategy because in the end its all up to you how you would read the market so that you can make much of the current situation of the economy to gain profit from trading.

[LogitechMouse]

P.S I have really poor knowledge on bitcoin technicalities, am more of the chart reading and gut feeling type. so I hope am not breaking any of the rules posting here.
Was really curious to understand if technical analysis is vital or just a means to reduce risk. Thanks in advance

Experts in trading know technical analysis, or at least they know how to read charts, and use indicators that will help them in their trading journey.
However, learning technical analysis alone isn't enough for you to success.

I'm not an expert in trading, but I tried crypto trading already, and what I will say is that it really is needed aside from the fact that you need to focus on the fundamental side as well because there are some news that can make the price of the coin go up significantly, and that would mean opportunity for you as a trader. On the other hand, TA isn't a must know because you can still use fundamentals to trade, and vice-versa.

I guess learning technical analysis would be beneficial for you if you really want to give crypto trading most of your time. I mean if you really want to be a successful crypto trader then you must learn Technical analysis aside from the fact that you need to learn how to be emotionless when it comes to trading. When I was trading, I also use my gut whenever I'm making decisions. Technical analysis isn't a vital thing when it comes to crypto trading, but it would be beneficial for you if you will learn it.

[Kelvinid]

Well, if we want to succeed and reach our goal in trading, then we have to learn many crypto trading tools and so we should have to learn TA.
It has to note that TA is one of the vital tools in trading. We don't have to do it instantly but we can learn this somehow gradually as we are in actual trading. We don't have to be perfect on TA as it was also impossible but at least having this stuff will help us a lot as to we have an idea of what we gonna do next - when to buy and when to sell.

- it is necessary
 - it is difficult to predict the market without TA

While we are in trading, then it is a must also to learn Technical analysis or else, don't blame the market for why we lose but instead, blame ourselves for why we underestimate the market.

Yes, there is no perfect TA, however, we do this as it was needed in trading and we come to this idea as it has a huge impact on making our decision.

[irhact]

market. I look forward to my experience here.
P.S I have really poor knowledge on bitcoin technicalities, am more of the chart reading and gut feeling type. so I hope am not breaking any of the rules posting here.
Was really curious to understand if technical analysis is vital or just a means to reduce risk. Thanks in advance

Trading with just gut feelings is a very wrong way to trade cryptocurrency market, you're trading with emotions by doing so and we're advised against trading with our emotions as it can make you lose money very easily. If you understand charts then you should be able to predict the movement of the market, concentrate on understanding the charts.

If you're able to make predictions from the charts then you can go far trading but you'll need more to become a professional. Technical analysis are very important to understand as that's what differential most traders from the average traders just using their gut feeling to gamble as trading.

[tygeade]

Experts in trading know technical analysis, or at least they know how to read charts, and use indicators that will help them in their trading journey.
However, learning technical analysis alone isn't enough for you to success.

I'm not an expert in trading, but I tried crypto trading already, and what I will say is that it really is needed aside from the fact that you need to focus on the fundamental side as well because there are some news that can make the price of the coin go up significantly, and that would mean opportunity for you as a trader. On the other hand, TA isn't a must know because you can still use fundamentals to trade, and vice-versa.

It doesn't have to be just experts, I would say "people who are on the way to be an expert" could be also considered as well. I know that it is not going to be easy for any of us to be an expert overnight but we could simply just learn TA and that means we are on the way to become one.

Obviously it will take some time but when the time comes we are going to reach there and which is why we should be learning it, without ever learning TA then we can't ever be experts so we are not even on the way of being one. I rather be an expert, but if I can't be an expert then at least I would love to be on the way to become one instead of just doing nothing and staying idle about it. This is why learning TA is a big step forward to be a lot better at trading.

[stomachgrowls]

Experts in trading know technical analysis, or at least they know how to read charts, and use indicators that will help them in their trading journey.
However, learning technical analysis alone isn't enough for you to success.

I'm not an expert in trading, but I tried crypto trading already, and what I will say is that it really is needed aside from the fact that you need to focus on the fundamental side as well because there are some news that can make the price of the coin go up significantly, and that would mean opportunity for you as a trader. On the other hand, TA isn't a must know because you can still use fundamentals to trade, and vice-versa.

It doesn't have to be just experts, I would say "people who are on the way to be an expert" could be also considered as well. I know that it is not going to be easy for any of us to be an expert overnight but we could simply just learn TA and that means we are on the way to become one.

Obviously it will take some time but when the time comes we are going to reach there and which is why we should be learning it, without ever learning TA then we can't ever be experts so we are not even on the way of being one. I rather be an expert, but if I can't be an expert then at least I would love to be on the way to become one instead of just doing nothing and staying idle about it. This is why learning TA is a big step forward to be a lot better at trading.

There's no such thing about having a path to be that easy on making yourself to be an expert.There's no such thing about shortcuts when it comes to learnings and you would really be needing to pass up all the possible

challenges and things to be on the way on making yourself way more better.We know that TA's might not really that 100% precise but its not something that you should neglect on specially when you are dealing with
this  market. You cant really be that so confident and trying out to make price speculations without any tools that you've been using.

On this way then you are just simply doing gambling if ever you do make out some trading decisions without any basis and its not something that you should really minding on.

[JeffBrad12]

Technical Analysis certainly helps, I know that many of the traders in term of expanding their knowledge are always hesitant since it's gonna take tremendous effort and that's true, even if you know the technical analysis it certainly doesn't guarantee that you gonna be successful since nowadays coin aren't really following general TA anyway. but knowing technical analysis will certainly helps in some case if you could recognize some pattern, then you could make decision accordingly, nowaday TA has become the tool of whales knowing whats the individual traders are gonna be doing so they could drain these individual traders money.
but i'd say, whether TA is a must know, then I'd say not really, mainly because you could do fine with just right positioning, even in investing it will be less relevant.

[GeorgeJohn]

Can I learn myself or is important I about them from a professional?

You can learn on your own, what is needed in all these, its concentration and consciousness,  so many people do acquire theirs knowledge in any thing they are doing through online education not manually,  but if you know the one that will be preferable to you, you can as well and do it.

[wxa7115]

Can I learn myself or is important I about them from a professional?

You can learn on your own, what is needed in all these, its concentration and consciousness,  so many people do acquire theirs knowledge in any thing they are doing through online education not manually,  but if you know the one that will be preferable to you, you can as well and do it.

The optimal path is to learn from someone else, as they can protect you from making a great deal of mistakes which end up costing newbies a massive amount of money.

However finding such a person is incredibly difficult, to begin with you will need someone close to you to be an expert trader, and if that was not difficult enough you will also need for that person to be willing to teach you, which is not common at all as people remember very well how much it cost them to acquire the knowledge they have and they are not willing to part with it for free.

[Bushdark]

Well, if we want to succeed and reach our goal in trading, then we have to learn many crypto trading tools and so we should have to learn TA.
It has to note that TA is one of the vital tools in trading. We don't have to do it instantly but we can learn this somehow gradually as we are in actual trading. We don't have to be perfect on TA as it was also impossible but at least having this stuff will help us a lot as to we have an idea of what we gonna do next - when to buy and when to sell.

It is very good when we learn the necessary things we need to know for us to be a good trader in the crypto market. There are many things to learn from the market and if we are too much of a hurry, we might not get the full knowledge that is a prerequisites for us to be a good traders. It is good for us to have a strong knowledge in technical analysis so that we are not going to be confused about the market and what the market is currently doing. Technical analysis is a must to learn as a trader in the market because is containsost it the vital things we need to know.

[Baoo]

Technical Analysis certainly helps, I know that many of the traders in term of expanding their knowledge are always hesitant since it's gonna take tremendous effort and that's true, even if you know the technical analysis it certainly doesn't guarantee that you gonna be successful since nowadays coin aren't really following general TA anyway. but knowing technical analysis will certainly helps in some case if you could recognize some pattern, then you could make decision accordingly, nowaday TA has become the tool of whales knowing whats the individual traders are gonna be doing so they could drain these individual traders money.
but i'd say, whether TA is a must know, then I'd say not really, mainly because you could do fine with just right positioning, even in investing it will be less relevant.

That’s a great point of view. Furthermore, technical analysis is one the key to succeed in trading field but it does not guarantee a profit. In fact, It is really important to do some researches in the beginning and understand what trading crypto is  also it is essential to learn the crypto market and the way to read charts, after that try to set or build multiple strategies. In addition to that, it is preferable to start with a low capital and choose a solid decentralized exchange and with practice you will definitely gain more experience at the moment you boost your capital. Always take it step by step and make it simple without making hasty decisions.

[savetheFORUM]

The optimal path is to learn from someone else, as they can protect you from making a great deal of mistakes which end up costing newbies a massive amount of money.

However finding such a person is incredibly difficult, to begin with you will need someone close to you to be an expert trader, and if that was not difficult enough you will also need for that person to be willing to teach you, which is not common at all as people remember very well how much it cost them to acquire the knowledge they have and they are not willing to part with it for free.

It's obviously difficult to find someone who is willing to teach you all the tips and tricks and the special technical techniques without charging you a dime. In a world like today where people open free groups to teach people trading or give trading signals only to promote their premium groups where people will need to pay money to get so-called VIP signals.

So it's probably better if someone takes the oath to learn everything by themselves by watching videos or reading articles or other resources if they can't afford to pay the fees charged by the mentors.

[tvplus006]

The optimal path is to learn from someone else, as they can protect you from making a great deal of mistakes which end up costing newbies a massive amount of money...

A beginner has to pay for his ignorance. And he faces a dilemma, either spending his money on training, or paying off each time on transactions that have brought a loss. And despite the fact that the answer is obvious here, the beginner is still trying to do self-study, since he is still confident that this way he will save his money.

[Renampun]

Hello everyone am new here, more like a trader that got by with a bit of knowledge through personal experience (success and failure's) since 2020 but got introduced to this forum by a friend,pointing out that I can find information's and be able to communicate with other enthusiast in the crypto market. I look forward to my experience here.
P.S I have really poor knowledge on bitcoin technicalities, am more of the chart reading and gut feeling type. so I hope am not breaking any of the rules posting here.
Was really curious to understand if technical analysis is vital or just a means to reduce risk. Thanks in advance

I'm sure there is a lot of advice given to you through posting on your topic and it is very important (technical analysis) apart from that another thing that is very important in trading is the fundamental factor, this is to prevent you from making investments that are not as they should be and You can read a little about the fundamental factors in the article below;

Cryptocurrency investing can be a great way to diversify investments, but figuring out which cryptocurrency is suitable and which isn’t can be challenging. To make an informed investment decision, it is important to know how to analyze cryptocurrencies.

source--

technical + fundamental analysis are two very important things in trading (not only bitcoin trading but altcoins trading too) so don't get tired of continuing to learn and increase your knowledge about trading because everything that is successful in trading now comes from zero knowledge.

[sana54210]

Well, if we want to succeed and reach our goal in trading, then we have to learn many crypto trading tools and so we should have to learn TA.
It has to note that TA is one of the vital tools in trading. We don't have to do it instantly but we can learn this somehow gradually as we are in actual trading. We don't have to be perfect on TA as it was also impossible but at least having this stuff will help us a lot as to we have an idea of what we gonna do next - when to buy and when to sell.

It is very good when we learn the necessary things we need to know for us to be a good trader in the crypto market. There are many things to learn from the market and if we are too much of a hurry, we might not get the full knowledge that is a prerequisites for us to be a good traders. It is good for us to have a strong knowledge in technical analysis so that we are not going to be confused about the market and what the market is currently doing. Technical analysis is a must to learn as a trader in the market because is containsost it the vital things we need to know.

I agree, if you want to make money right away then you are going to lose money right away. There are too many people who do not understand that as a concept. You need to take your time and make a profit whenever you can and that should be the common thing for you.

If you end up not making any money that is because you rushed into it. However, if you decide to take your time and focus on what you could do with what you have, then you could make a lot more profit. Just learn TA and learn anything else you can, learn everything you can, and you will gradually become better and better. In that situation when you start to trade for real, then you will know what to do and you will be able to make an income from it as well.

[duckalis]

If you want to go a little deeper into technical analysis, I recommend reading such useful books as:
"Currency Trading For Dummies" by Brian Dolan;
"Trading Chaos: Maximize Profits with Proven Technical Techniques" by Justine Gregory-Williams and Bill M. Williams;
"Trend Following: How to Make a Fortune in Bull, Bear, and Black Swan Markets" by Michael W. Covel.

[carlfebz2]

Well, if we want to succeed and reach our goal in trading, then we have to learn many crypto trading tools and so we should have to learn TA.
It has to note that TA is one of the vital tools in trading. We don't have to do it instantly but we can learn this somehow gradually as we are in actual trading. We don't have to be perfect on TA as it was also impossible but at least having this stuff will help us a lot as to we have an idea of what we gonna do next - when to buy and when to sell.

It is very good when we learn the necessary things we need to know for us to be a good trader in the crypto market. There are many things to learn from the market and if we are too much of a hurry, we might not get the full knowledge that is a prerequisites for us to be a good traders. It is good for us to have a strong knowledge in technical analysis so that we are not going to be confused about the market and what the market is currently doing. Technical analysis is a must to learn as a trader in the market because is containsost it the vital things we need to know.

I agree, if you want to make money right away then you are going to lose money right away. There are too many people who do not understand that as a concept. You need to take your time and make a profit whenever you can and that should be the common thing for you.

If you end up not making any money that is because you rushed into it. However, if you decide to take your time and focus on what you could do with what you have, then you could make a lot more profit. Just learn TA and learn anything else you can, learn everything you can, and you will gradually become better and better. In that situation when you start to trade for real, then you will know what to do and you will be able to make an income from it as well.

When you are on haste or simply being hasty on whatever you've been dealing with then you are really that susceptible into lots of errors and mistakes which would case up lose of money and this is why you should really be that mindful on using up things which would really be relevant in towards onto the career that you are pursuing ex. trading on which it would really be that relevant that you would make use of
technical indicators because you cant really just simply trade on this market without having these kind of consideration of using up these tools and indicators which it would be simply be pertaining that you are
just playing gambling all along. Its not something that you can just simply put up a position and wait for some positive results, it doesnt work on that way.

[South Park]

Hello everyone am new here, more like a trader that got by with a bit of knowledge through personal experience (success and failure's) since 2020 but got introduced to this forum by a friend,pointing out that I can find information's and be able to communicate with other enthusiast in the crypto market. I look forward to my experience here.
P.S I have really poor knowledge on bitcoin technicalities, am more of the chart reading and gut feeling type. so I hope am not breaking any of the rules posting here.
Was really curious to understand if technical analysis is vital or just a means to reduce risk. Thanks in advance

Would you dare to fly a plane without going through pilot school, practice on simulators and practice  your flying skills with a teacher? If your answer is no then why is that the case? Because you will crash, right? Now imagine the same when it comes to trading and technical analysis and you will have your answer, if you want to become a trader you have no other option but to learn how to read the charts and learn how to combine the different indicators into some coherent strategy, otherwise you will have no hope of success at all.

[Natalim]

And one way for a trader to become successful in this carrier is to prepare themselves.
 - learning TA
 - chart reading
 - time-frame

There are a lot of things that we need to do OP but the important thing that we need to master is to learn Technical Analysis as it weights more than any trading tools.

Perhaps, you can try OP without TA. Maybe in this way you could appreciate how important it was when you are in actual trading.

[death69]

Hello everyone am new here, more like a trader that got by with a bit of knowledge through personal experience (success and failure's) since 2020 but got introduced to this forum by a friend,pointing out that I can find information's and be able to communicate with other enthusiast in the crypto market. I look forward to my experience here.
P.S I have really poor knowledge on bitcoin technicalities, am more of the chart reading and gut feeling type. so I hope am not breaking any of the rules posting here.
Was really curious to understand if technical analysis is vital or just a means to reduce risk. Thanks in advance

Would you dare to fly a plane without going through pilot school, practice on simulators and practice  your flying skills with a teacher? If your answer is no then why is that the case? Because you will crash, right? Now imagine the same when it comes to trading and technical analysis and you will have your answer, if you want to become a trader you have no other option but to learn how to read the charts and learn how to combine the different indicators into some coherent strategy, otherwise you will have no hope of success at all.

Would I dare venture into piloting without flight school, simulators, or practice, given my vertigo on a humble seesaw? I reckon that's a deafening no. But trading? Oh, my confidence soars. Sure, no "trader academy" or countless hours dissecting charts and technical analysis for me. But who requires that when armed with a fortuitous rabbit's foot and gut instincts, right?

Alright, I jsut kidding (sort of). Truth be told, there's no express lane to triumph in trading. Similar to aviation, it demands time and dedication to hone skills and acquire knowledge. Mastering chart interpretation and technical indicators, you can concoct a logical strategy, elevating success chances. Undoubtedly, risk is inescapable, but the proper tactics minimize losses and amplify gains.

So, trading enthusiasts, ditch luck and intuition. Embrace hard work, acquire prowess, and rocket toward prosperity!

[TheGreatPython]

Hello everyone am new here, more like a trader that got by with a bit of knowledge through personal experience (success and failure's) since 2020 but got introduced to this forum by a friend,pointing out that I can find information's and be able to communicate with other enthusiast in the crypto market. I look forward to my experience here.
P.S I have really poor knowledge on bitcoin technicalities, am more of the chart reading and gut feeling type. so I hope am not breaking any of the rules posting here.
Was really curious to understand if technical analysis is vital or just a means to reduce risk. Thanks in advance

main points are Technical analysis is also a must in the crypto market and it is a principles  also applied, For me I use it to learn what the emotion of the market is and how the price cap of crypto currencies will be affected.

Though emotions and market sentiments play their role too, technical price analysis is an integral part of trading cryptocurrencies or any other asset or commodity. One who is interested in trading cryptocurrencies will definitely need to learn all the ways and techniques that one can use to gain more profits or have an idea of when to buy and sell.

Going only with market sentiments might turn out to be negative sometimes, so combining both market sentiments with technical analysis can give you an understanding of how the price can react and where it will move next.

[Bushdark]

Technical analysis is a good tools that traders had been using in trading for so long before now and we need to make sure that we as a trader we need to know what technical analysis is and how to use it. This is a big topic in the market as a trader we need to know what we are doing or else we might not have good understanding about the market. Technical analysis constitute a lot to information we need to know about market structure and how they tend to form and give the market what it look like on a normal day.

[bitgolden]

The optimal path is to learn from someone else, as they can protect you from making a great deal of mistakes which end up costing newbies a massive amount of money.

However finding such a person is incredibly difficult, to begin with you will need someone close to you to be an expert trader, and if that was not difficult enough you will also need for that person to be willing to teach you, which is not common at all as people remember very well how much it cost them to acquire the knowledge they have and they are not willing to part with it for free.

It's obviously difficult to find someone who is willing to teach you all the tips and tricks and the special technical techniques without charging you a dime. In a world like today where people open free groups to teach people trading or give trading signals only to promote their premium groups where people will need to pay money to get so-called VIP signals.

So it's probably better if someone takes the oath to learn everything by themselves by watching videos or reading articles or other resources if they can't afford to pay the fees charged by the mentors.

I did that, I mean I didn't do the teaching, I did the learning part. I met with a friend via crypto, and he helped me learn about it all. I hate learning from videos or from texts, because I can never learn anything about it. But when it comes down to learning from someone? Like actually being able to ask questions to that person when you do not understand something, that is a totally different situation.

With text or video there is no return, I may not understand something and all I can do is read it again or watch it again, but when there is another person then you can ask the question and they will answer you properly, or find another angle to help you. This is why learning from someone is much better if you trust they are actually good.

[Quickex Exchange]

It's not an absolute must-know, but it's definitely helpful. By studying past market data like price movement and trading volume, we can make better decisions about potential future price movements, identify trends, and decide when to buy or sell.

However, traders who focus more on fundamental analysis tend to be more succefull, which looks at the underlying value of an asset, considering factors like project development, adoption, and market sentiment. In the end, whether you use technical analysis, fundamental analysis, or a mix of both really depends on your individual trading style and preferences.

[LUCKMCFLY]

market. I look forward to my experience here.
P.S I have really poor knowledge on bitcoin technicalities, am more of the chart reading and gut feeling type. so I hope am not breaking any of the rules posting here.
Was really curious to understand if technical analysis is vital or just a means to reduce risk. Thanks in advance

Trading with just gut feelings is a very wrong way to trade cryptocurrency market, you're trading with emotions by doing so and we're advised against trading with our emotions as it can make you lose money very easily. If you understand charts then you should be able to predict the movement of the market, concentrate on understanding the charts.

If you're able to make predictions from the charts then you can go far trading but you'll need more to become a professional. Technical analysis are very important to understand as that's what differential most traders from the average traders just using their gut feeling to gamble as trading.

Among the things that I have read the most from the books that are most relevant to Livermore,he says that sometimes you have to follow your intuition (not all the time) but Sometimes and if it works, of course this is something that has to be Taken as a of the things that should be done but know how to do them, and you only have to do them when you have enough experience in the market and when the person believes and sees fit to do it,so it's not bad at all, the bad thing is to abuse your intuition and always go by intuition and not by analysis, both for fundamental and technical analysis.

[RockBell]

Hello everyone am new here, more like a trader that got by with a bit of knowledge through personal experience (success and failure's) since 2020 but got introduced to this forum by a friend,pointing out that I can find information's and be able to communicate with other enthusiast in the crypto market. I look forward to my experience here.
P.S I have really poor knowledge on bitcoin technicalities, am more of the chart reading and gut feeling type. so I hope am not breaking any of the rules posting here.
Was really curious to understand if technical analysis is vital or just a means to reduce risk. Thanks in advance

The use of technical analysis, although not obligatory can substantially help traders by enabling them to recognize market patterns and make wise trading decisions. Nevertheless, since TA is not impermeable and the cryptocurrency market can be extremely volatile, relying solely on it is not recommended. It is crucial to be aware of this instability and to exercise caution. The choice to use technical analysis ultimately rests with the trader. using analysis requires a lot of time to master but is a good tool.

[NotHatinJustTrollin]

Hello everyone am new here, more like a trader that got by with a bit of knowledge through personal experience (success and failure's) since 2020 but got introduced to this forum by a friend,pointing out that I can find information's and be able to communicate with other enthusiast in the crypto market. I look forward to my experience here.
P.S I have really poor knowledge on bitcoin technicalities, am more of the chart reading and gut feeling type. so I hope am not breaking any of the rules posting here.
Was really curious to understand if technical analysis is vital or just a means to reduce risk. Thanks in advance

Technical analysis is an important tool for traders as it helps identify trends in the market and potential entry and exit points for trades. While not everyone uses technical analysis as their primary means of making trading decisions, it can provide valuable insights and help reduce risks by providing a clearer picture of market movements.

However, it's important to remember that technical analysis is not foolproof and can only provide a guide for trading decisions. Other factors such as fundamental analysis and news events can also influence the market and affect your trades.

[taufik123]

-snip-
However, it's important to remember that technical analysis is not foolproof and can only provide a guide for trading decisions. Other factors such as fundamental analysis and news events can also influence the market and affect your trades.

And also don't forget some strategy and management will also be a factor that determines trading profits.
Technical analysis and Fundamental analysis become one unit and will say the same thing about market movements that occur.

But for beginners, it is not easy to master Technical and Fundamentals, it takes a lot of effort to understand how the market works and how to understand each tool used for technical analysis and research with fundamentals.

There are many guides that provide knowledge about technical analysis. But also be careful looking for tutorials, never believe in instant results.
It is better to learn gradually starting from Basic and then proceeding to more expert learning.
Everything requires a process, and that process will determine how far you learn.

[Zilon]

Technical analysis is vital but it is not a must. It is only an added advantage. A fundamental trader might not needed TA to make decision on the market but if both TA and FA are used in confluence it will definitely improve the analysis and spot out possible error in our analysis. A good trader will make sure both TA and FA are making similar prediction before taking action. Having either of them is good but having both as a trader makes the trader even better. But if a trader has neither TA or FA skills then they have no business making decisions in the market because they will end up losing their funds.

[Mpamaegbu]

Technical analysis is vital but it is not a must. It is only an added advantage.

Understandably, those I bolded are apt to the issue at hand. However, your last sentence captures it for me. That added advantage is what I always seek. A trader with that advantage will worry less than the one without it. The TA is one area I dwell on whenever I'm teaching interested minds the intricacies of trading because I know many a trader may not have the luxury of watching or listening to news which constitutes FA. If one got the TA right, one is more than 50% profitable in trading already.

[Chainsmokers]

Hello everyone am new here, more like a trader that got by with a bit of knowledge through personal experience (success and failure's) since 2020 but got introduced to this forum by a friend,pointing out that I can find information's and be able to communicate with other enthusiast in the crypto market. I look forward to my experience here.
P.S I have really poor knowledge on bitcoin technicalities, am more of the chart reading and gut feeling type. so I hope am not breaking any of the rules posting here.
Was really curious to understand if technical analysis is vital or just a means to reduce risk. Thanks in advance

Technical analysis is an important tool for traders as it helps identify trends in the market and potential entry and exit points for trades. While not everyone uses technical analysis as their primary means of making trading decisions, it can provide valuable insights and help reduce risks by providing a clearer picture of market movements.

However, it's important to remember that technical analysis is not foolproof and can only provide a guide for trading decisions. Other factors such as fundamental analysis and news events can also influence the market and affect your trades.

It would be better to use technical analysis and fundamental analysis,
surely it's not an easy thing and not everyone can do that,
the most important thing is to make the best decision by considering many things.

[Litzki1990]

Technical analysis is not required for trading, only certain ideas and experience related to trading can be achieved in trading. Different people usually have different ideas and experiences about trading. There is no specific way to learn about trading. That is, we usually study as different professions, ie for studying doctor and engineering, we have to study a specific subject, in the case of trading, there is no such specific subject. Trading is a specific platform but there are different ways to learn about it and gain experience, usually trading in the way that is easier for them.

[Franctoshi]

Was really curious to understand if technical analysis is vital or just a means to reduce risk. Thanks in advance

You are on the right track, as for me it is necessary you have the knowledge about technical analysis as a trader as well as an investor before starting trading or investing, as it gives you an edge over knowing what to do at any given time, basically when to buy and sell in the market.

No Technical Analysis its not the most important thing in crypto space.

Try to read chart in 1hour chart on TradingView and learn about candlesticks, then if u think ur good at it try to combine it with Ema 200 and RSI index and Stochastic RSI.
Try to guess whats price its gonna be after 4hours.

Lolz, when reading Charts, learning about candle sticks as you've mentioned and using RSI index and Stochastic RSI indicators, what do you think you are doing?, Simply technically analysing the market because those tools are Technical indicators meant for technical analysis, As technical analysis involves market analysis using Chart patterns, indicators and historical data to analyze the market.

[Bushdark]

Technical analysis is not required for trading, only certain ideas and experience related to trading can be achieved in trading. Different people usually have different ideas and experiences about trading. There is no specific way to learn about trading. That is, we usually study as different professions, ie for studying doctor and engineering, we have to study a specific subject, in the case of trading, there is no such specific subject. Trading is a specific platform but there are different ways to learn about it and gain experience, usually trading in the way that is easier for them.

  We may think that technical analysis is not required to trade in the Cryptocurrency market because most time the market is mostly based on pump and down which is most majority of the whales in the market does to make severe profits from the market.
Technical analysis is a most for a trader to trade the cryptocurrency market apart from so many numerous group that indulge in pump and dump making some investors think that the coin is moving very well.

We need to know that cryptocurrency market is mostly manipulated by the whales that have large token portfolio in the market. Thusnhas made many traders think that having a good knowledge in technical analysis is not needed. We need to know what we are doing so that we can be able to make the right decisions.

[Josefjix]

Technical analysis is not required for trading, only certain ideas and experience related to trading can be achieved in trading. Different people usually have different ideas and experiences about trading. There is no specific way to learn about trading. That is, we usually study as different professions, ie for studying doctor and engineering, we have to study a specific subject, in the case of trading, there is no such specific subject. Trading is a specific platform but there are different ways to learn about it and gain experience, usually trading in the way that is easier for them.

Understand and the operations of the market, definitely profits will be the orders of the day. In cryptocurrency, there are two basic types of trading strategies: technical and fundamental analysis, the latter of which is only triggered by chart analysis. We learn most of the fundamentals and technicals of trading step by step, they're bulky and learning never stops, regardless of how long you've been in this field. Technical analysis is a difficult trading approach that must be studied. The majority of trading charts are formed using technical analysis, which aids in learning how to read a chart and place appropriate trades.

[Fatunad]

Technical analysis is not required for trading, only certain ideas and experience related to trading can be achieved in trading. Different people usually have different ideas and experiences about trading. There is no specific way to learn about trading. That is, we usually study as different professions, ie for studying doctor and engineering, we have to study a specific subject, in the case of trading, there is no such specific subject. Trading is a specific platform but there are different ways to learn about it and gain experience, usually trading in the way that is easier for them.

  We may think that technical analysis is not required to trade in the Cryptocurrency market because most time the market is mostly based on pump and down which is most majority of the whales in the market does to make severe profits from the market.
Technical analysis is a most for a trader to trade the cryptocurrency market apart from so many numerous group that indulge in pump and dump making some investors think that the coin is moving very well.

We need to know that cryptocurrency market is mostly manipulated by the whales that have large token portfolio in the market. Thusnhas made many traders think that having a good knowledge in technical analysis is not needed. We need to know what we are doing so that we can be able to make the right decisions.

You cant really be that ending up on being that profitable nor sustaining on this market if you do have this kind of approach on which you are really that making yourself on being a gambler because you do believe that
trading is really just that up and down thing but it doesnt really look that way on which it would really be just that right that you should really be that mindful about on how to sustain yourself on trading.
This isnt something like that you could deal with up easily which you could just simply position  yourself without any basis. TA + FA is really that relevant for you to learn because
if you dont then what are the things that you've been using? Pure guess or speculation? This isnt how to deal up with this market.

Dealing up with an unpredictable market should really be taken seriously and not really just like on having that kind of behavior on just like when you do play gambling. This isnt the right approach
because if you do come into this kind of point then we do have that kind of assumptions on what would be the results.

[MIner1448]

If you use technical analysis, then it can help you make more informed trading decisions based on the analysis of price charts and other data. Technical analysis can help you determine price direction, support and resistance levels, and when to buy and sell.
However, if you prefer fundamental analysis, then technical analysis may not be that important to you. Fundamental analysis focuses on factors that affect the market, such as company news, events, and financial statements, and can help you determine which assets may be overvalued or undervalued.

[Fatunad]

The optimal path is to learn from someone else, as they can protect you from making a great deal of mistakes which end up costing newbies a massive amount of money.

However finding such a person is incredibly difficult, to begin with you will need someone close to you to be an expert trader, and if that was not difficult enough you will also need for that person to be willing to teach you, which is not common at all as people remember very well how much it cost them to acquire the knowledge they have and they are not willing to part with it for free.

It's obviously difficult to find someone who is willing to teach you all the tips and tricks and the special technical techniques without charging you a dime. In a world like today where people open free groups to teach people trading or give trading signals only to promote their premium groups where people will need to pay money to get so-called VIP signals.

So it's probably better if someone takes the oath to learn everything by themselves by watching videos or reading articles or other resources if they can't afford to pay the fees charged by the mentors.

I did that, I mean I didn't do the teaching, I did the learning part. I met with a friend via crypto, and he helped me learn about it all. I hate learning from videos or from texts, because I can never learn anything about it. But when it comes down to learning from someone? Like actually being able to ask questions to that person when you do not understand something, that is a totally different situation.

With text or video there is no return, I may not understand something and all I can do is read it again or watch it again, but when there is another person then you can ask the question and they will answer you properly, or find another angle to help you. This is why learning from someone is much better if you trust they are actually good.

We know that not all the time we do have a friend that knows about trading and if theres one then there's no assurance that they would really be teaching you from top until into the bottom or surely does have the intent on teaching you everything and we know that it does really require that ample time and effort them to teach up someone who doesnt really have that idea on what really it is.Yes  it is true that on the time that you would really be having some questions then if you do have someone who you could asks to then it would be good to have those kind of realtime interaction whereas you do compare it out when you do learn on your own but we know that not all we do have a friend like that. This is why we dont really have other options but to learn on our own since everything could really be found or searched up on internet and the rest of the learning would really getting from real experience and this is where it would vary whether you would really be handling yourself well or not.

Technical analysis learning is really that needed or really that crucial when it comes to trading because we know that this market isnt really always having the news or fundamental which we could really depend on.
This is why it is really that crucial or needed.

[LastKiss]

If you use technical analysis, then it can help you make more informed trading decisions based on the analysis of price charts and other data. Technical analysis can help you determine price direction, support and resistance levels, and when to buy and sell.
However, if you prefer fundamental analysis, then technical analysis may not be that important to you. Fundamental analysis focuses on factors that affect the market, such as company news, events, and financial statements, and can help you determine which assets may be overvalued or undervalued.

Both can be combined and if we do that we can get better results, We can also copy other people's strategies if I'm not wrong for those people who don't want to learn technical analysis. Well, learning won't be easy at first but if we have that knowledge our trading results definitely different rather than not using it.

[Timmzzy]

We dont just have that alone in the foundation of trading any financial MARKETS be it crypto,forex, and stocks. we have sentimental analysis, fundamental analysis as well but with all of these they are just 10% confluence to trading. The most of it all is RISK MANAGEMENT. having a good risk management gives u and edge to technical analysis in any situation, and you most learn to control emotions and have patience.

[palle11]

Both can be combined and if we do that we can get better results, We can also copy other people's strategies if I'm not wrong for those people who don't want to learn technical analysis.

If you don't learn the strategy to trading then how can you know if you are copying the right trade or wrong trade? Copy trading is the reason some people assume trading to be the same thing as gambling because they only rely on the success of what they have copied from even unknown source instead of taking time to study and learn the market rudiment which is technical analysis. It is important that a trader learn that even though some rely on just fundamental but which ever way it better to have one of them as a trading strategy.

[Franctoshi]

Both can be combined and if we do that we can get better results, We can also copy other people's strategies if I'm not wrong for those people who don't want to learn technical analysis.

If you don't learn the strategy to trading then how can you know if you are copying the right trade or wrong trade? Copy trading is the reason some people assume trading to be the same thing as gambling because they only rely on the success of what they have copied from even unknown source instead of taking time to study and learn the market rudiment which is technical analysis.
It is important that a trader learn that even though some rely on just fundamental but which ever way it better to have one of them as a trading strategy.

Literally, there's nothing much anyone that calls himself or herself an investor/trader can do in this crypto industry without either having the knowledge of fundamental or technical analysis side of trading, if not both, whether you are a long term, mid term or short term Bitcoin/crypto holder or investor you need this basic knowledge because I wonder how you would succeed here as an investor/trader without the knowledge, except for the fact that you hire or employ market analysts which will also cause you some money to do so.
Literally you need to know when you should enter or exit the market without relying on someone else's analysis and to tell you what to do.

[carlfebz2]

Both can be combined and if we do that we can get better results, We can also copy other people's strategies if I'm not wrong for those people who don't want to learn technical analysis.

If you don't learn the strategy to trading then how can you know if you are copying the right trade or wrong trade? Copy trading is the reason some people assume trading to be the same thing as gambling because they only rely on the success of what they have copied from even unknown source instead of taking time to study and learn the market rudiment which is technical analysis.
It is important that a trader learn that even though some rely on just fundamental but which ever way it better to have one of them as a trading strategy.

Literally, there's nothing much anyone that calls himself or herself an investor/trader can do in this crypto industry without either having the knowledge of fundamental or technical analysis side of trading, if not both, whether you are a long term, mid term or short term Bitcoin/crypto holder or investor you need this basic knowledge because I wonder how you would succeed here as an investor/trader without the knowledge, except for the fact that you hire or employ market analysts which will also cause you some money to do so.
Literally you need to know when you should enter or exit the market without relying on someone else's analysis and to tell you what to do.

You would really be normally be finding out those realizations along the way. You cant just dive in into this market without having those basic knowledge in between TA and FA which we know that it would really

be that having with relevant approach on knowing these things.This would really be helping you out on how to handle yourself with this unpredictable space on which price isnt something that it precisely
been influenced with external factors. Even though TA+FA wont really be that a precise tool but at least you do have something that been using rather than on putting up your position blindly which we
know that this is something that can be called as gambling.This isnt the right way for you to deal up with this space without having those preparations.

This is why in regarding on the question about being a must thing- Then its definitely a must thing to consider.Dealing up with this space without having these things could really lead you nowhere.
Better to have a good approach on making or having the knowledge which it would really be relevant on what you are currently dealing with.

[AakZaki]

Literally, there's nothing much anyone that calls himself or herself an investor/trader can do in this crypto industry without either having the knowledge of fundamental or technical analysis side of trading, if not both, whether you are a long term, mid term or short term Bitcoin/crypto holder or investor you need this basic knowledge because I wonder how you would succeed here as an investor/trader without the knowledge, except for the fact that you hire or employ market analysts which will also cause you some money to do so.
Literally you need to know when you should enter or exit the market without relying on someone else's analysis and to tell you what to do.

Basic knowledge of investment and trading is certainly very necessary. Without this knowledge, you will not be able to determine when to enter and when to leave. A newbie who is just getting into crypto trading is still groping about what he should do because he doesn't have the basics. If you only employ market analysts, you have to spend more money or follow other people's suggestions on Twitter or other social media. it will be more dangerous, because it is not recommended. Several cases show that most other people's suggestions are traps.

[panganib999]

Not really that integral if you’ll ask me. Technical Analysis to me is more of glorified predictions and less a surefire way to reap profits in trading. It basically just helps you create better predictions than not having it, and in the world of cryptocurrency industry where everything is as degen as it gets it doesn’t really hold that much weight cause every bloke with a bag of money could just buy and bloat a coin’s value like it’s nobody’s business. As with what happened to $PEPE. In my opinion, your sights should be set on other disciplines in the trading world like timing your buys and sells, diversifying your portfolio with coins that hold long-term relevance, as well as other IRL disciplines like self-control and avoiding FOMO. That’s where the real money is at.

[sana54210]

Literally, there's nothing much anyone that calls himself or herself an investor/trader can do in this crypto industry without either having the knowledge of fundamental or technical analysis side of trading, if not both, whether you are a long term, mid term or short term Bitcoin/crypto holder or investor you need this basic knowledge because I wonder how you would succeed here as an investor/trader without the knowledge, except for the fact that you hire or employ market analysts which will also cause you some money to do so.
Literally you need to know when you should enter or exit the market without relying on someone else's analysis and to tell you what to do.

I agree that you need to learn more about TA in order to trade and you would need to not just learn about it but also gain experience on it as well. I have said before, start with demo so that you could use it, and see if you are doing well, if you are then start small and grow eventually for your trades.

Too many people join the crypto world, read some influencers tweets, buy something and sell that based on what that influencer says. If they are right and they do make money, they start to put in even more, I have seen people turn 500 bucks into 5k and that made them so crazy that they took out a huge loan on their freacking house to do it, because they thought it would continue that way and lose all their money eventually. It's just not sustainable that way.

[Findingnemo]

No.

But if you're planning to become a trader then acquiring knowledge about it can be helpful in case if you need. To learn this you can just start with YouTube and practice what you saw in demo trading accounts and if increases your consistency then just keep learning and become a master at it.

[lalabotax]

If you understand more about this, this will be very good and will actually really help in many ways, especially for determining at what rate to set positions or what cryptos to take. but basically, understanding TA is not enough, we also have to understand better how to deal with various fundamental problems which are also quite important to understand. And TA will help you with many things in market analysis. .

But, not all people care about this and still willing to learn adn understand about something new to them. So, they may be able to analyze whatever the market. and

[doomloop]

Both can be combined and if we do that we can get better results, We can also copy other people's strategies if I'm not wrong for those people who don't want to learn technical analysis.

If you don't learn the strategy to trading then how can you know if you are copying the right trade or wrong trade? Copy trading is the reason some people assume trading to be the same thing as gambling because they only rely on the success of what they have copied from even unknown source instead of taking time to study and learn the market rudiment which is technical analysis. It is important that a trader learn that even though some rely on just fundamental but which ever way it better to have one of them as a trading strategy.

There is basically no need for someone to copy someone else's trades if they learn to do the analysis themselves, doing technical and fundamental analysis will give you an idea of the market and its movements so that you can place your trades accordingly, and someone who copies trades from others is basically trading illiterate and doesn't know how things work in the first place.

Just like you, I'm also not in favor of copying someone else's trades or following signals provided by someone either free or by charging money, you will have way more confidence if you are doing your trades on your own instead of copying someone else.

[beerlover]

I agree that you need to learn more about TA in order to trade and you would need to not just learn about it but also gain experience on it as well. I have said before, start with demo so that you could use it, and see if you are doing well, if you are then start small and grow eventually for your trades.

Too many people join the crypto world, read some influencers tweets, buy something and sell that based on what that influencer says. If they are right and they do make money, they start to put in even more, I have seen people turn 500 bucks into 5k and that made them so crazy that they took out a huge loan on their freacking house to do it, because they thought it would continue that way and lose all their money eventually. It's just not sustainable that way.

That is the truth, too many people make that mistake and during bull run it looks like a good idea but in reality it is as bad as it gets and should be avoided as much as possible. People are going to end up with some sort of bad result if we keep this going but the reality is that they are going to stop during bear run and call these influencers fakers and scammers, but then when the bull run comes they are going to see few of them do fine, which is normal because we all do fine during bull run, and they are going to jump right back into their arms again.

It is easy to prevent people not follow influencers during bear run, we need to figure out a way to show how influencers are faking it during the bull run as well in order to protect these newbies.

[stomachgrowls]

I agree that you need to learn more about TA in order to trade and you would need to not just learn about it but also gain experience on it as well. I have said before, start with demo so that you could use it, and see if you are doing well, if you are then start small and grow eventually for your trades.

Too many people join the crypto world, read some influencers tweets, buy something and sell that based on what that influencer says. If they are right and they do make money, they start to put in even more, I have seen people turn 500 bucks into 5k and that made them so crazy that they took out a huge loan on their freacking house to do it, because they thought it would continue that way and lose all their money eventually. It's just not sustainable that way.

That is the truth, too many people make that mistake and during bull run it looks like a good idea but in reality it is as bad as it gets and should be avoided as much as possible. People are going to end up with some sort of bad result if we keep this going but the reality is that they are going to stop during bear run and call these influencers fakers and scammers, but then when the bull run comes they are going to see few of them do fine, which is normal because we all do fine during bull run, and they are going to jump right back into their arms again.

It is easy to prevent people not follow influencers during bear run, we need to figure out a way to show how influencers are faking it during the bull run as well in order to protect these newbies.

Be wary on whats happening around if we do speak about scams and frauds on which we should really be sensible at least on what in regards our actions because if we do act accordingly which is really that be based
up on what we are dealing with and of course trying out to avoid on things which you do seem odd and shady the there would be no possible problems that would be encountered. Speaking about TA, then it would really be always be that relevant because this is the common approach or the way you would really be dealing up with this market specially that it is really that truly unpredictable.

There's no way that you could be able to know on where it would be going on just simply seeing the price. If you wouldnt tend to know about TA, then how you would really be able to approach out
on trying to have that position here on this space? You cant really just fully rely with having pure guess and random decisions whether you would be buying or selling because this isnt
really how this market works nor behaves. You would really be needing that kind of approach to make yourself having that lesser risks.

[AmoreJaz]

If you understand more about this, this will be very good and will actually really help in many ways, especially for determining at what rate to set positions or what cryptos to take. but basically, understanding TA is not enough, we also have to understand better how to deal with various fundamental problems which are also quite important to understand. And TA will help you with many things in market analysis. .

But, not all people care about this and still willing to learn adn understand about something new to them. So, they may be able to analyze whatever the market. and

the truth is, most people here don't care about TA. they learned how to trade without this knowledge. as long as you know what you're dealing with, you can execute your order. but if you want to improve your trading profits, better learn some of these TAs, if you want to reduce your losses.
i am also guessing that most old timers here started to trade without knowing any TAs, and then, just learned some later on in their trading journey. or better yet, some don't need TAs as they are using the knowledge what they acquired throughout the years.

[Fivestar4everMVP]

If you understand more about this, this will be very good and will actually really help in many ways, especially for determining at what rate to set positions or what cryptos to take. but basically, understanding TA is not enough, we also have to understand better how to deal with various fundamental problems which are also quite important to understand. And TA will help you with many things in market analysis. .

But, not all people care about this and still willing to learn adn understand about something new to them. So, they may be able to analyze whatever the market. and

the truth is, most people here don't care about TA. they learned how to trade without this knowledge. as long as you know what you're dealing with, you can execute your order. but if you want to improve your trading profits, better learn some of these TAs, if you want to reduce your losses.

Technical analysis is a very good feature in the trading market, but like said, most traders don't give a damn about it, but then again, we all must and know that, those traders who don't give a damn about technical analysis are the not so professional ones, any professional traders will never joke with technical analysis because it is from there we learn when to eventually buy or sell in the open market.

[Mauser]

Hello everyone am new here, more like a trader that got by with a bit of knowledge through personal experience (success and failure's) since 2020 but got introduced to this forum by a friend,pointing out that I can find information's and be able to communicate with other enthusiast in the crypto market. I look forward to my experience here.
P.S I have really poor knowledge on bitcoin technicalities, am more of the chart reading and gut feeling type. so I hope am not breaking any of the rules posting here.
Was really curious to understand if technical analysis is vital or just a means to reduce risk. Thanks in advance

I don't think that knowledge of technical analysis is mandatory for every trader. It can help a lot if we know about it, as it helps with identifying trends and decision making. But if we have no experience with, there are still other ways to analyse the market. One way is to trade on gut feelings, which is not a good idea. I would advice against making investment decisions based on emotions. There are basically 3 ways for traders to make their decisions, based on technical analysis, guessing or fundamentals. Especially for more long term focused traders it can be helpful to use mostly fundamentals for their decisions. As a more short term orientated trader I would definitely recommend you start looking into technical analysis. There are plenty of good books out there for beginners that can teach you a few easy to use indicators.

[ancafe]

Hello everyone am new here, more like a trader that got by with a bit of knowledge through personal experience (success and failure's) since 2020 but got introduced to this forum by a friend,pointing out that I can find information's and be able to communicate with other enthusiast in the crypto market. I look forward to my experience here.

That means you have been on forum for quite a long time and should have had a lot of experience or could say that by now the standard of daily trading or long term investing has brought you to a conclusion.

P.S I have really poor knowledge on bitcoin technicalities, am more of the chart reading and gut feeling type. so I hope am not breaking any of the rules posting here.
Was really curious to understand if technical analysis is vital or just a means to reduce risk. Thanks in advance

From your whole story I don't think you are suitable for day trading because for day trading you need sharp analysis to read market movements and even though people can learn to know how. But you have been on the forum for almost two years and should have quite a bit of trading experience, so I conclude that you are better suited to be involved in a long term investment in bitcoin.

For daily trading in my opinion teknis analysis and fundamental analysis are important so that you can reduce the risk impact of the trades you run. When you place the standard of long term investing an understanding of technical analysis is not that important because all you need is to be calm when the market goes into a sharp downturn especially the investment you are making in bitcoin.

[Pamadar]

If you understand more about this, this will be very good and will actually really help in many ways, especially for determining at what rate to set positions or what cryptos to take. but basically, understanding TA is not enough, we also have to understand better how to deal with various fundamental problems which are also quite important to understand. And TA will help you with many things in market analysis. .

But, not all people care about this and still willing to learn adn understand about something new to them. So, they may be able to analyze whatever the market. and

the truth is, most people here don't care about TA. they learned how to trade without this knowledge. as long as you know what you're dealing with, you can execute your order. but if you want to improve your trading profits, better learn some of these TAs, if you want to reduce your losses.
i am also guessing that most old timers here started to trade without knowing any TAs, and then, just learned some later on in their trading journey. or better yet, some don't need TAs as they are using the knowledge what they acquired throughout the years.

Most of the time experienced really teaches us to find ways to gain more knowledge and to continue our journey inside trading.

I see your point and it's undeniable that there are traders who at first they just place their position without knowing TAs
they might win some position and lose some till they learn more and seek for possibility to learn how to anticipate better,
if you really wanted to succeed, you needed to exceed in finding the right ways to invest and execute your trade.

[CapGelatik]

If you understand more about this, this will be very good and will actually really help in many ways, especially for determining at what rate to set positions or what cryptos to take. but basically, understanding TA is not enough, we also have to understand better how to deal with various fundamental problems which are also quite important to understand. And TA will help you with many things in market analysis. .

But, not all people care about this and still willing to learn adn understand about something new to them. So, they may be able to analyze whatever the market. and

the truth is, most people here don't care about TA. they learned how to trade without this knowledge. as long as you know what you're dealing with, you can execute your order. but if you want to improve your trading profits, better learn some of these TAs, if you want to reduce your losses.

Technical analysis is a very good feature in the trading market, but like said, most traders don't give a damn about it, but then again, we all must and know that, those traders who don't give a damn about technical analysis are the not so professional ones, any professional traders will never joke with technical analysis because it is from there we learn when to eventually buy or sell in the open market.

it is very important for us to learn technical analysis especially in crypto currency which has high volatility,
before I knew and studied technical analysis I clearly only followed Fomo and the results I could not make a difference in my life,
and since I studied technical analysis I am grateful I can changed my life even I made a business in the real world.

[ZAINmalik75]

P.S I have really poor knowledge so I hope am not breaking any of the rules posting here.

No woory as you are not breaking any rule also you are at right place where you will get legit answer from experienced old member.

Was really curious to understand if technical analysis is vital or just a means to reduce risk. Thanks in advance

No doubt it's important because Cryptocurrency are high volatile and  it's just like indicator which will help you for better Understanding of underlying trends ,patterns and also help you to make more informed decisions during trade of buy and sell.
But some time due to wrong or weak technical analysis mostly trader done lose so to avoid such kind of loss you should go for buying coins on the basis of  fundemental Analysis as there are less less risk like Bitcoin but the term is you should hold it for long term..
But for better understanding of  Technical Analysis you should visit here

[Coinworld.story]

Technical analysis is like a road sign for you, if you don't have a traffic sign when crossing a new lane, then you will get lost. Relying on hunches is ridiculous in trading, no gut feeling can predict it will go up or down. It's the same as playing gambling.

At least you have to have technical analysis even though it's basic, because it absolutely must be known by anyone who wants to be involved in the world of trading, without analysis you won't be able to do it. it is easier to lose your money if you neglect technical analysis. If you have bad analysis you need to keep learning and understanding gradually, trade and you will gain experience and learning over time.

[Oilacris]

If you understand more about this, this will be very good and will actually really help in many ways, especially for determining at what rate to set positions or what cryptos to take. but basically, understanding TA is not enough, we also have to understand better how to deal with various fundamental problems which are also quite important to understand. And TA will help you with many things in market analysis. .

But, not all people care about this and still willing to learn adn understand about something new to them. So, they may be able to analyze whatever the market. and

the truth is, most people here don't care about TA. they learned how to trade without this knowledge. as long as you know what you're dealing with, you can execute your order. but if you want to improve your trading profits, better learn some of these TAs, if you want to reduce your losses.

Technical analysis is a very good feature in the trading market, but like said, most traders don't give a damn about it, but then again, we all must and know that, those traders who don't give a damn about technical analysis are the not so professional ones, any professional traders will never joke with technical analysis because it is from there we learn when to eventually buy or sell in the open market.

it is very important for us to learn technical analysis especially in crypto currency which has high volatility,
before I knew and studied technical analysis I clearly only followed Fomo and the results I could not make a difference in my life,
and since I studied technical analysis I am grateful I can changed my life even I made a business in the real world.

Having no knowledge about technical analysis is something that it isnt really that that complete because you cant just rely with news or fundamentals forever since we know that not all the time on

which this market do really have those news on which you would really be needing to have that technical approach which is something that you would be realizing on how its relevant.
Of course you would really be needing to know on how to make use of it and how to make out analysis out of it.Although it might not really that something you could really rely on
because precision is never been known but somewhat it is really that relevant for you to have this kind of approach on things because price is way too unpredictable and there's
no way that we could tell on where it would be going.

Doesnt matter whether you do use TA or FA only or having both combinations as long if you do see this to be beneficial then it would really be your call on what you would gonna use.

[Bushdark]

Technical analysis is like a road sign for you, if you don't have a traffic sign when crossing a new lane, then you will get lost. Relying on hunches is ridiculous in trading, no gut feeling can predict it will go up or down. It's the same as playing gambling.

At least you have to have technical analysis even though it's basic, because it absolutely must be known by anyone who wants to be involved in the world of trading, without analysis you won't be able to do it. it is easier to lose your money if you neglect technical analysis. If you have bad analysis you need to keep learning and understanding gradually, trade and you will gain experience and learning over time.

There is no way we want to become a trader without know technical analysis because it anchors those things we are going to be seeing in the market chart just like the candle stick, graphs, indicators and other tools that are necessarily to be use as a trader. All traders need to have good ideas about the technical analysis or else lose focus that will not be adequate for one to trade the market and make profits. Those of the mighty and pro traders we are seeing in the market, they learn trading to the core especially the technical analysis that is used mostly in trading as an important tools.

[omgitsmehehe]

Learning from a legit source and getting the require tool for trading the market independently, it's a gradual process with estimated budgets.  Ofcourse technical analysis is the one important thing we should as traders, there's no time for reluctancy. Technical and fundamental analysis are the two basic concepts a trader must know before going into trading. It's definitely a complex path concerning trading but the newbies and pro traders ought to know the basic necessities of trading, I'm already acquainted with these trading strategies.

[awik p]

in doing short-term trading, I think we are more inclined to use technical analysis than fundamental analysis, because we analyze the market every day. so it is not possible to use related fundamental analysis for long term. therefore every trader must be able to analyze chartists to find support and resistance to place transactions. and we certainly have to follow market movements more often. or we can place targets and stop losses and we can leave them.

[RajeshKarwa]

In trading, technical analysis is very important but is not flawless. It should be utilised with fundamental analysis and risk management measures. Many traders utilise technical analysis to make educated judgements about whether to purchase or sell assets.

TA entails analyzing previous price and volume data to detect patterns, trends, and probable future price changes. It allows traders to evaluate market mood, support and resistance levels, entry and exit positions, and other factors.

Thanks !!

[Pamadar]

in doing short-term trading, I think we are more inclined to use technical analysis than fundamental analysis, because we analyze the market every day. so it is not possible to use related fundamental analysis for long term. therefore every trader must be able to analyze chartists to find support and resistance to place transactions. and we certainly have to follow market movements more often. or we can place targets and stop losses and we can leave them.

Different types of strategy can be done once you are already familiar with how the market moves.

It's always depends from how you understand the situation and how you adjust with every market movements, same with other
trading industry, there are stiuation where you can buy when fear is dominating then sell when everyone are thinking that it
will pump for more, TA will give you hint and it's very useful if you know how to play it well.

[jrrsparkles]

Technical analysis is not that important for long term investors or traders but if the trading time frame reduces then you need to rely on the charts as well as indicators or else you are just gambling with your crypto assets. You can get technical analysis gradually and you don't have to spend any money to acquire the knowledge as well, just go through the books as well as on the internet to get the idea of technical analysis and try to implement the strategy on tools like trading view demo account or any similar tools.

[Strongkored]

Hello everyone am new here, more like a trader that got by with a bit of knowledge through personal experience (success and failure's) since 2020 but got introduced to this forum by a friend,pointing out that I can find information's and be able to communicate with other enthusiast in the crypto market. I look forward to my experience here.
P.S I have really poor knowledge on bitcoin technicalities, am more of the chart reading and gut feeling type. so I hope am not breaking any of the rules posting here.
Was really curious to understand if technical analysis is vital or just a means to reduce risk. Thanks in advance

Technical analysis for trading is important and all trading knowledge for trading is important because as a trader if it is done without adequate knowledge it will only make him lose more because it is like gambling but maybe it will be a little different in Bitcoin because traders who believe in Bitcoin fundamentals prefer to make it an investment by directly buying or doing a DCA system and only selling it after a long period of holding, and in my opinion, it doesn't require analysis only you need to make a target when to sell it that's all, but if it is daily trading then technical or other knowledge is important for understanding.

[nlovric]

Learning from a legit source and getting the require tool for trading the market independently, it's a gradual process with estimated budgets.  Ofcourse technical analysis is the one important thing we should as traders, there's no time for reluctancy. Technical and fundamental analysis are the two basic concepts a trader must know before going into trading. It's definitely a complex path concerning trading but the newbies and pro traders ought to know the basic necessities of trading, I'm already acquainted with these trading strategies.

Absolutely, it is important to start your trading career with a strong foundation and you are right that technical and fundamental research constitute the cornerstone of a trader's knowledge. A slow process that calls for commitment and ongoing learning is taking the time to learn from reliable sources and gaining the tools required for autonomous trading. As time is of the utmost in the fast paced world of trading it is imperative that you do not hesitate or put off making a decision. Understanding the fundamentals of trading is essential whether you are a novice or a seasoned trader. It is admirable that you have already been accustomed to these fundamental trading techniques as they offer a solid foundation for making wise choices. Keep in mind that trading is a difficult journey but by remaining dedicated to studying and applying these tactics you are positioning yourself for success in the thrilling world of trading.

[doomloop]

in doing short-term trading, I think we are more inclined to use technical analysis than fundamental analysis, because we analyze the market every day. so it is not possible to use related fundamental analysis for long term. therefore every trader must be able to analyze chartists to find support and resistance to place transactions. and we certainly have to follow market movements more often. or we can place targets and stop losses and we can leave them.

Different types of strategy can be done once you are already familiar with how the market moves.

It's always depends from how you understand the situation and how you adjust with every market movements, same with other
trading industry, there are stiuation where you can buy when fear is dominating then sell when everyone are thinking that it
will pump for more, TA will give you hint and it's very useful if you know how to play it well.

The cryptocurrency market moves in 3 ways. And they are; Upward, Stable, and Downward. Once we know all these movements, we can also create 3 kinds of strategies for it. Crypto trading doesn't have a big difference from other trading markets. If there is one major difference that will only be volatility in crypto which are very high.

We are free to apply some strategies we have on other trading markets. The one that you are telling there which is to buy when others are fearful are I think mainly used for investing and not really for trading. The crypto trading is unpredictable but doing a technical analysis can be a big help to us to have a better success rate.

[Hamphser]

in doing short-term trading, I think we are more inclined to use technical analysis than fundamental analysis, because we analyze the market every day. so it is not possible to use related fundamental analysis for long term. therefore every trader must be able to analyze chartists to find support and resistance to place transactions. and we certainly have to follow market movements more often. or we can place targets and stop losses and we can leave them.

Different types of strategy can be done once you are already familiar with how the market moves.

It's always depends from how you understand the situation and how you adjust with every market movements, same with other
trading industry, there are stiuation where you can buy when fear is dominating then sell when everyone are thinking that it
will pump for more, TA will give you hint and it's very useful if you know how to play it well.

The cryptocurrency market moves in 3 ways. And they are; Upward, Stable, and Downward. Once we know all these movements, we can also create 3 kinds of strategies for it. Crypto trading doesn't have a big difference from other trading markets. If there is one major difference that will only be volatility in crypto which are very high.

We are free to apply some strategies we have on other trading markets. The one that you are telling there which is to buy when others are fearful are I think mainly used for investing and not really for trading. The crypto trading is unpredictable but doing a technical analysis can be a big help to us to have a better success rate.

And the hardest to read up is on the time that it do make out some consolidation or sideways movement period on which it is really that very hard to tell on where it would be going next. This is where technical

analysis would really kick and be useful on which you could really be able to make out some charting and using up with those technical indicators on which it would really be giving off some hint on how the market
is behaving and showing off some potential next movement but of course this isnt something that you could really be able to precisely predict on where it would be going.
This is why it would really be that important that you should really be at least aware of the risks but since you would really be making out some strategies then this is
what matter the most and not just making any step without any considerations or analysis which its a pure gamble.

[Pamadar]

in doing short-term trading, I think we are more inclined to use technical analysis than fundamental analysis, because we analyze the market every day. so it is not possible to use related fundamental analysis for long term. therefore every trader must be able to analyze chartists to find support and resistance to place transactions. and we certainly have to follow market movements more often. or we can place targets and stop losses and we can leave them.

Different types of strategy can be done once you are already familiar with how the market moves.

It's always depends from how you understand the situation and how you adjust with every market movements, same with other
trading industry, there are stiuation where you can buy when fear is dominating then sell when everyone are thinking that it
will pump for more, TA will give you hint and it's very useful if you know how to play it well.

The cryptocurrency market moves in 3 ways. And they are; Upward, Stable, and Downward. Once we know all these movements, we can also create 3 kinds of strategies for it. Crypto trading doesn't have a big difference from other trading markets. If there is one major difference that will only be volatility in crypto which are very high.

We are free to apply some strategies we have on other trading markets. The one that you are telling there which is to buy when others are fearful are I think mainly used for investing and not really for trading. The crypto trading is unpredictable but doing a technical analysis can be a big help to us to have a better success rate.

And the hardest to read up is on the time that it do make out some consolidation or sideways movement period on which it is really that very hard to tell on where it would be going next. This is where technical

analysis would really kick and be useful on which you could really be able to make out some charting and using up with those technical indicators on which it would really be giving off some hint on how the market
is behaving and showing off some potential next movement but of course this isnt something that you could really be able to precisely predict on where it would be going.
This is why it would really be that important that you should really be at least aware of the risks but since you would really be making out some strategies then this is
what matter the most and not just making any step without any considerations or analysis which its a pure gamble.

Indeed, any decision without proper knowledge about it will fall into a gambling type of investment.

More on how you deal with your study and research, the more you focus on learning different factors that may affect the market
the better you can analyze the situation.

With that, you may establish a good pattern where you can make more winning trades compared with those losing position,
TA is important, it lessens the fear in you when the situation is not moving the way you assess. It can extend your patience knowing
that chance to push back will take place.

[Hamphser]

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--

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Indeed, any decision without proper knowledge about it will fall into a gambling type of investment.

More on how you deal with your study and research, the more you focus on learning different factors that may affect the market
the better you can analyze the situation.

With that, you may establish a good pattern where you can make more winning trades compared with those losing position,
TA is important, it lessens the fear in you when the situation is not moving the way you assess. It can extend your patience knowing
that chance to push back will take place.

TA would indeed lessen out that risks which is something that really recommendable or something that needs to do so because trading isnt something that you would really be needing that gambler type approach

which i have said earlier. On the time that you do step your foot into this unpredictable market then you should at least making yourself that get prepared on which it is really just that right that you should need
to learn up technical analysis and next would be some application of fundamentals which this two would really be the best tandem on handling or surviving this market.

Although it wont really be giving out that guarantees or sureness on making yourself that profitable but you do have that better chance or possibility that you would be making profits
compared into those people who do have that kind of different approach on things.

[Hamza2424]

Hmm, When you are saying trading dear then in my view the solo full-time trading term can be considered as a full-time digital skill and it requires technical analysis (Compulsory). Things can move in a different direction if you change the term crypto trading to investment because in the investment the fundamental and basic analysis is more than enough to produce efficient results.

Trading is a good domain and the subdomains scope in trading is highly powerful, as Buy & Hold is under the trading domain and it can be considered as the most widely used strategy used by most users to secure decent profits in this market.

[nlovric]

Learning from a legit source and getting the require tool for trading the market independently, it's a gradual process with estimated budgets.  Ofcourse technical analysis is the one important thing we should as traders, there's no time for reluctancy. Technical and fundamental analysis are the two basic concepts a trader must know before going into trading. It's definitely a complex path concerning trading but the newbies and pro traders ought to know the basic necessities of trading, I'm already acquainted with these trading strategies.

Right learning from reputable sources and getting the required equipment for independent trading is a gradual process that necessitates both time and financial planning. Trading professionals must grasp the critical Role technical analysis plays in their path. When it come to accepting this feature there is no place for hesitancy or resistance. A Trader should also be familiar with fundamental analysis which serves as the cornerstone of a thorough trading strategy. Without a doubt mastering the complexity of trading can be a difficult route but it is crucial for both novice and seasoned traders to understand the fundamentals. I am glad to hear that you are already aware with these trading techniques because they set you up for success in the fast paced world of trading.

[blockman]

Although it wont really be giving out that guarantees or sureness on making yourself that profitable

And still, it's a way for most traders to know what they should decide on and that's a basis of their decision whether to buy, to sell or hold.

but you do have that better chance or possibility that you would be making profits
compared into those people who do have that kind of different approach on things.

Strategies are different and there could be simple strategies in our eyes but that's even more profitable being done by other traders. And there's a different approach that we've seen weirdly or for the firs time but then, it's way more profitable than the usual strategies that we've known. That is why for some traders, if they have found a strategy that's working for them perfectly. All they need to do is to keep on using that strategy so that they'll be able to get used to it and change only if things are no longer effective for them.

[Ziskinberg]

Technical analysis is not that important for long term investors or traders but if the trading time frame reduces then you need to rely on the charts as well as indicators or else you are just gambling with your crypto assets. You can get technical analysis gradually and you don't have to spend any money to acquire the knowledge as well, just go through the books as well as on the internet to get the idea of technical analysis and try to implement the strategy on tools like trading view demo account or any similar tools.

TA exists because of its key role in trading but is less used when you are just investing. If we are trading, we must know how to analyze the market situation as this was the basis of our response and decision. It has to note that without TA we are likely just lose due to wrong buy and sell calls. Many people underestimate this tool and do not wonder why they fail. Perhaps, it was been created to have a purpose in trading which is why we should have to consider this as one of the stuff we need to acquire if we wanted to grow and succeed.

[Bitcoin_people]

Crypto trading definitely requires some technology analysis. Especially when a new trader invests money in his business he needs to master this completely. Basically a new investor in trading needs to know about cryptocurrencies especially he needs to know and take ideas. Just as a person needs to have specialized knowledge and skills in order to make a profit in trading, so does experience in trading. But it is very important to be aware of the volatility in the Bitcoin market to adopt different strategies in trading. And never risk trading with Bitcoin with the confidence of never having to face a trading loss. and by considering various aspects of trading, you will surely get complete success.

[BD Crypto]

Suppose you are going to start crypto trading and you don't know about technical analysis then how you will manage your trading? Where you will set entry and exit point and the most important thing is that which coin you will choose to trade. Suppose you choosed a scam coin to trade and they failed to pump and you will be in lose automatically. There are a lot of cryptos in the market and all are not potential or a strong project. Also if you buy a good coin but don't have risk management then you will surely can't survive in this volatile market.
So before starting Crypto Trading technical analysis is a must to know. You can learn about it by reading articles from Google or from YouTube.

[Jwest]

Technical analysis is the major of all, without knowing technical analysis get, I call it a blind trader.

[Pamadar]

Suppose you are going to start crypto trading and you don't know about technical analysis then how you will manage your trading? Where you will set entry and exit point and the most important thing is that which coin you will choose to trade. Suppose you choosed a scam coin to trade and they failed to pump and you will be in lose automatically. There are a lot of cryptos in the market and all are not potential or a strong project. Also if you buy a good coin but don't have risk management then you will surely can't survive in this volatile market.
So before starting Crypto Trading technical analysis is a must to know. You can learn about it by reading articles from Google or from YouTube.

Your trading is like gambling. Without proper knowledge, you are just relying on luck,

Most of the time, those are the people who got influence by people who are already inside this industry, thinking that they
can easily duplicate the success of those people, they are just placing their investment according to how they were are being
told, without any idea of what you are doing, for sure you are mostly losing your money. Always have the time to study. TA is
one good factor that you can use when entering this kind of industry.

[Fatunad]

Suppose you are going to start crypto trading and you don't know about technical analysis then how you will manage your trading? Where you will set entry and exit point and the most important thing is that which coin you will choose to trade. Suppose you choosed a scam coin to trade and they failed to pump and you will be in lose automatically. There are a lot of cryptos in the market and all are not potential or a strong project. Also if you buy a good coin but don't have risk management then you will surely can't survive in this volatile market.
So before starting Crypto Trading technical analysis is a must to know. You can learn about it by reading articles from Google or from YouTube.

Your trading is like gambling. Without proper knowledge, you are just relying on luck,

Most of the time, those are the people who got influence by people who are already inside this industry, thinking that they
can easily duplicate the success of those people, they are just placing their investment according to how they were are being
told, without any idea of what you are doing, for sure you are mostly losing your money. Always have the time to study. TA is
one good factor that you can use when entering this kind of industry.

Trading isnt something that you should really be having that kind of gambler like approach because you would definitely be losing money instead on making profits because you arent putting yourself that proper approach on how to deal with the market. Of course you cant really be just making up some positions without having any analysis or strategy. TA is really a must know kind of thing on crypto space specially when you do make trades. You cant really just put up a position blindly because thats pure gambling and its not something that it is really that recommended on doing so. You would be finding for yourself on what are the things  that mainly needed for you to be able to withstand and survive this very unpredictable and random market.

[taufik123]

-snip-
TA is really a must know kind of thing on crypto space specially when you do make trades. You cant really just put up a position blindly because thats pure gambling and its not something that it is really that recommended on doing so. You would be finding for yourself on what are the things  that mainly needed for you to be able to withstand and survive this very unpredictable and random market.

and what happens nowadays is that even beginners trade by placing positions blindly without doing any analysis.

This usually applies to futures trading and those beginners trade futures like gambling, just short or long using high leverage.
Using too high leverage will result in a lot of losses if it is not done properly.

TA really has to be mastered, at least to understand how basic technical analysis is.
don't just trade without having any knowledge. it's the same as walking without direction and eventually going into the abyss.

[ItsCrafty]

Suppose you are going to start crypto trading and you don't know about technical analysis then how you will manage your trading? Where you will set entry and exit point and the most important thing is that which coin you will choose to trade. Suppose you choosed a scam coin to trade and they failed to pump and you will be in lose automatically. There are a lot of cryptos in the market and all are not potential or a strong project. Also if you buy a good coin but don't have risk management then you will surely can't survive in this volatile market.
So before starting Crypto Trading technical analysis is a must to know. You can learn about it by reading articles from Google or from YouTube.

Yes, you are right in the matter discussed above. When engaging in crypto trading, there are several factors you must be aware of to make informed decisions. First, understanding the fundamental factors that can impact the value of cryptocurrencies, such as technological developments, regulatory changes, and market sentiment, monitoring all of the technical indicators and chart patterns can provide insights into price movements and potential trends. Also, keeping an eye on trading volume and liquidity is important to ensure smooth execution of trades and decisions. It is good to stay updated with news and announcements from the crypto forums, as it can greatly influence market behavior. Lastly, considering risk management techniques and maintaining a disciplined approach are vital for successful crypto trading.

[Pamadar]

-snip-
TA is really a must know kind of thing on crypto space specially when you do make trades. You cant really just put up a position blindly because thats pure gambling and its not something that it is really that recommended on doing so. You would be finding for yourself on what are the things  that mainly needed for you to be able to withstand and survive this very unpredictable and random market.

and what happens nowadays is that even beginners trade by placing positions blindly without doing any analysis.

This usually applies to futures trading and those beginners trade futures like gambling, just short or long using high leverage.
Using too high leverage will result in a lot of losses if it is not done properly.

TA really has to be mastered, at least to understand how basic technical analysis is.
don't just trade without having any knowledge. it's the same as walking without direction and eventually going into the abyss.

I do agree with both of you, TA is something that traders should learn first before stepping into trading.

A tool that will give you the opportunity to win on your trade, aside from that, with TA or with a better understanding of TA
your chances of losing a lot will be lessening as you will be able to learn how to stop-loss.

With that knowledge, the chance of making good trades will be high while making bad call due to unexpected circumstances
will be lessened.

[RewFrew]

Suppose you are going to start crypto trading and you don't know about technical analysis then how you will manage your trading? Where you will set entry and exit point and the most important thing is that which coin you will choose to trade. Suppose you choosed a scam coin to trade and they failed to pump and you will be in lose automatically. There are a lot of cryptos in the market and all are not potential or a strong project. Also if you buy a good coin but don't have risk management then you will surely can't survive in this volatile market.
So before starting Crypto Trading technical analysis is a must to know. You can learn about it by reading articles from Google or from YouTube.

Actually technical analysis is more important in crypto trading. Without technical analysis there has big possibility to loss our fund. Technical analysis such kind of analysis were we analyses past price, recent price and what will be future price that depend on past and running price. For this analysis A trader can understand what probably will future price. So i thunk this analysis is most important for crypto trading. Actually technical analysis indicate us where we have to buy and what will best sell position. If we follow proper technical analysis then we will able to know what will entry and what will exist position in a trade. If we understand it then we will be profited in crypto trade.

[lab10collective]

Suppose you are going to start crypto trading and you don't know about technical analysis then how you will manage your trading? Where you will set entry and exit point and the most important thing is that which coin you will choose to trade. Suppose you choosed a scam coin to trade and they failed to pump and you will be in lose automatically. There are a lot of cryptos in the market and all are not potential or a strong project. Also if you buy a good coin but don't have risk management then you will surely can't survive in this volatile market.
So before starting Crypto Trading technical analysis is a must to know. You can learn about it by reading articles from Google or from YouTube.

You have made a great point that technical analysis is very important for trading. Apart from this the choice of coin is also very important so that you can further improve your trading. Coin selection also requires a lot of care and knowledge. Circulation supply, market cap and market rank are always important in choosing a coin, because there are many coins in the market where people have invested but their value is not increasing.

Another very good point you have made is that it is always important to choose an entry point and an exit point. People who do not adopt a strategy for entry point and exit point in the market can never profit from the market.

Of course, Google and YouTube are the best platforms to get information,but it can be even better if you try to learn from an experienced trader in this matter.

[ananyabushra]

It is not mandatory to know technical analysis, But you have to be able to read the charts. Trading is hard when you are a newbie, So its safe to rather stick with holding

[goldkingcoiner]

Hello everyone am new here, more like a trader that got by with a bit of knowledge through personal experience (success and failure's) since 2020 but got introduced to this forum by a friend,pointing out that I can find information's and be able to communicate with other enthusiast in the crypto market. I look forward to my experience here.
P.S I have really poor knowledge on bitcoin technicalities, am more of the chart reading and gut feeling type. so I hope am not breaking any of the rules posting here.
Was really curious to understand if technical analysis is vital or just a means to reduce risk. Thanks in advance

As a veteran trader, I would say that technical analysis as well as fundamental analysis are quite important if you want to increase your probability for predicting market action. There is no "best place to learn" but rather you should do a lot of self-research. AKA Google a lot. Do not trust Telegram/Discord/Youtube/Tiktok etc. groups.

There is not much to learn. Technical analysis is basically the interpretation of what candlesticks and candlestick patterns represent as well as the tools used for interpreting the candlesticks. As far as fundamental analysis goes, as long as you keep yourself up-to-date on the news and going-on's in the crypto world, you should be more than fine.

Websites I recommend: Tradingview for crypto TA and Coindesk or Cointelegraph for crypto news.

[fauzan Ichsan]

Hello everyone am new here, more like a trader that got by with a bit of knowledge through personal experience (success and failure's) since 2020 but got introduced to this forum by a friend,pointing out that I can find information's and be able to communicate with other enthusiast in the crypto market. I look forward to my experience here.
P.S I have really poor knowledge on bitcoin technicalities, am more of the chart reading and gut feeling type. so I hope am not breaking any of the rules posting here.
Was really curious to understand if technical analysis is vital or just a means to reduce risk. Thanks in advance

Technical analysis is very important to become a pro trader, especially for day traders, of course, they really need technical analysis to determine the transaction area. you could say that with us having an analysis first, we will know where to open a position, then where to place the target, and determine where the cutloss limit is. that way we will have a framework that must be complied with, so that it will fulfill the portfolio that we make, but it is not easy to discipline ourselves according to the framework, we have to practice a lot to have trading experience

[Pamadar]

Hello everyone am new here, more like a trader that got by with a bit of knowledge through personal experience (success and failure's) since 2020 but got introduced to this forum by a friend,pointing out that I can find information's and be able to communicate with other enthusiast in the crypto market. I look forward to my experience here.
P.S I have really poor knowledge on bitcoin technicalities, am more of the chart reading and gut feeling type. so I hope am not breaking any of the rules posting here.
Was really curious to understand if technical analysis is vital or just a means to reduce risk. Thanks in advance

Technical analysis is very important to become a pro trader, especially for day traders, of course, they really need technical analysis to determine the transaction area. you could say that with us having an analysis first, we will know where to open a position, then where to place the target, and determine where the cutloss limit is. that way we will have a framework that must be complied with, so that it will fulfill the portfolio that we make, but it is not easy to discipline ourselves according to the framework, we have to practice a lot to have trading experience

The basic knowledge that can be enhanced throughout your stay inside this business, TA is your tool to understand the situation.

With knowledge using it, anticipation can be more close to what the market is proceeding, you just need
yourself to be ready if you needed that adjustments and be open if there're changes in direction in order
to adopt and have that better view of how you aiming to place your position.

[Oilacris]

Hello everyone am new here, more like a trader that got by with a bit of knowledge through personal experience (success and failure's) since 2020 but got introduced to this forum by a friend,pointing out that I can find information's and be able to communicate with other enthusiast in the crypto market. I look forward to my experience here.
P.S I have really poor knowledge on bitcoin technicalities, am more of the chart reading and gut feeling type. so I hope am not breaking any of the rules posting here.
Was really curious to understand if technical analysis is vital or just a means to reduce risk. Thanks in advance

Technical analysis is very important to become a pro trader, especially for day traders, of course, they really need technical analysis to determine the transaction area. you could say that with us having an analysis first, we will know where to open a position, then where to place the target, and determine where the cutloss limit is. that way we will have a framework that must be complied with, so that it will fulfill the portfolio that we make, but it is not easy to discipline ourselves according to the framework, we have to practice a lot to have trading experience

The basic knowledge that can be enhanced throughout your stay inside this business, TA is your tool to understand the situation.

With knowledge using it, anticipation can be more close to what the market is proceeding, you just need
yourself to be ready if you needed that adjustments and be open if there're changes in direction in order
to adopt and have that better view of how you aiming to place your position.

On the time that you would be deciding that you would really be going on trading venture or career then the first encounter would really be a trading chart. Then what first you must do? Of course you do

need to read up with those candle stick patterns from different timeframes on which means you would be mainly touching up technical analysis with this kind of approach on which it is really that something you must need to learn up so that you would be able to sustain or survive this unpredictable market.Just like the rest been saying on which it is really just that normal that you would really be needing up that kind of learning because if not then there's no way that you would be finding yourself to be that efficient.

This is why it would really be that understandable that you should learn up the basic principles of technical indicators because if you cant be able to manage up yourself
then you would really be having a hard time on trying out to survive.