The most important advice you'll get in this topic:

1) 80-90% of all day traders lose money. It's a well-known figure amongst stock traders. I highly recommend against it. And btw, I say that and I love day trading more than anything. But it's not for everyone and it takes a long time to master.

2) Discipline/patience/risk management is more important than anything, no matter what your method is.

3) Execution will be a huge edge in this market because of how illiquid the market is, the risk of the primary exchange shutting down, the risk of lagging data feeds (from which your trading signals will come from, assuming you trade based on prices), and the lack of direct access trading. How do you handle all these risks? Nobody is going to teach you that, you have to learn that on your own when you're in the driver's seat. One second too late on a breakout and you might be paying up 2-4 points higher and that's huge since it could be 5% of the trade. If your plan is to buy when it gets above 65, and the offer jumps to 69 in 2 minutes, do you send a market order? Do you bid 66-67? Do you pass on the trade? Day trading is higher frequency trading and the more trades you make, the more it matters to save every $1 per coin.

4) Although I do trade based on price action/charts, most technical analysis out there is just junk. Be careful what you learn because it will take even more time to unlearn it. If you want to learn charts, I'd recommend these 3 guys:
http://www.alphatrends.net/    
http://adamhgrimes.com/blog/
http://thepatternsite.com/

I don't recommend "just watching" the prices right off the bat to learn. I think you need to learn some kind of theory about how markets work and how other participants think, otherwise you won't be able to form any noteworthy observations, you'll just be stargazing.