Is Technical analysis a must know in crypto trading?

[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.

[1715115121]

1715115121

[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.