Do you think that Beginners need Technical analysis?

[bayiajaib]

As new to Crypto, I can say that Technical Analysis is important for not only for investors but also for bigginers becausei it can guide us in analyzing the movement of  the prices of bitcoin, ethereum, litecoin, bitcoincash and other cryptocurrency based on an examination of past price movements.  It uses patterns in market data to identify trends and make predictions which will tell when to invest.

Being professional trader, I can say that technical analysis mostly needed by short-term traders.
Institutional investors alongside with technical analysis pay attention to fundamentals of projects.

I agree mate. I think technical analysis for shor term trader. If you prefer hold for long term, be patient is the key.

[Arybes]

We must be wise in joining Crypto because there are many good and bad things that surround the crypto world. Technical analysis is more important to lead us in the right direction. Especially crypto trading.

[bhm45]

Sometimes that is also true because technical analysis needs special expertise, unfortunately technical analysis needs to study it in detail and thoroughly. for those of us who don't understand about technical analysis sometimes using fundamental analysis based on movement of topics in various countries.

[Methos]

Technical analysis is a big help but I do not advice it for newbies. It is only helpful and secure if you already have understanding on how they analyze the fluctuations and having some technical analysis from others.

[MaMooN]

for beginner traders in crypto most things to know

1-information about bitcoin & altcoins

2-need to monitor bitcoin movement

3-need to know basics of how to choose his investment coins

4-need to read and ask at forums 

[Sudarmono]

in my opinion, for beginners or those who have long been trading, they really need technical analysis, because we don't get lost in trading and we can get the benefits routinely.

[kenning]

Technical analysis is a subject good to know, however for beginners to start off in crypto technical analysis can be forgo and after you get hold of crypto basic then you can consider to read upon some TA

[boyplastic69]

Yes, I agree. Technical analysis is very important for everyone not just for old timers but also for Newbies as well. That is why people should educate themselves prior to make any investment with cryptocurrency. Learn as many information as you can through reading and the knowledge you earn could be use in understanding the market trend movement. The best for now is just to buy during dips and sell when the market price is on up trend market.

[Sentinel]

Yes, a beginner who joins crypto currency needs a good analytical technique in trading. He must be good at seeing the potential of each coin to be purchased. In addition, he must be able to determine whether the coin will be purchased, whether for long-term or short-term investment. Both of these are very important to be done by new traders and old traders.

[imikocha1994]

As new to Crypto, I can say that Technical Analysis is important for not only for investors but also for bigginers becausei it can guide us in analyzing the movement of  the prices of bitcoin, ethereum, litecoin, bitcoincash and other cryptocurrency based on an examination of past price movements.  It uses patterns in market data to identify trends and make predictions which will tell when to invest.

I believe also, it is quite difficult to make an investment move without knowing the background of cryptocurrency. It is not the same to the physical money. It is best to make a research first.

[Hexsas]

It might be better for beginners to choose a long-term investment, and if they already understand crypto they can do their own analysis.

[Michael]

You are right. To analyze price movements, it is necessary to historical data and graphs. The accuracy of analysis is not entirely valid, but at least close to the real price. For short-term investments, technical analysis is the basic foundation for getting started. My simple analogy, technical analysis is our preparation and equipment before camping on a mountain. If we don't have enough equipment such as clothing, flashlight, or food, then we will be constrained and uncomfortable in camping.
Same as in this case if we don't know about technical analysis, we will not know when is the right time to buy, and when is the right time to sell. So, technical analysis will help us determine when to buy, and when to sell coins.

[lavoncoin88]

That's for sure. Technical analysis has considerable importance when dealing with the world of cryptocurrency. This importance comes from the fact that the cryptocurrency business has become a field of study that is going to change many human concept regarding jobs, for example. Therefore, it has become an insisting need to apprehend the fundamentals of technical analysis so that you can deal with the market properly.

[Crypto Guard]

For me, the beginner needs everything because he doesn't understand the Crypto World as a whole. We recommend that if friends here have accurate and useful information, both formal and technical information can also be donated to beginners in this forum.

[zenbook]

Yes of course, as they are just still beginners, they don't have much knowledge about how cryptocurrency works and other related things about it. They still unsure of what decisions to make as they don't have experience yet. They might have encountered scammers because it's really confusing now what websites or people that are trustworthy and reliable. In my opinion, beginners should especially search more information about crypto like how to analyze the unstable values, how it works etc. and also some related topics. They should ask experienced persons whom he/she can really trust to ask questions what to and not do.