Build yourself a trading plan that will guide you in the market, and this is actually the most effective way to actively remove the loss transactions due to emotion.
monitoring prices first and recording price movements for some time, this might provide a better picture for us to predict future prices, indeed it cannot be a benchmark for us to start trading but at least it can make us more confident, because the price of bitcoin is very easy to move up and down.
Just a monitor is not enough to make a choice, but at least it can give you a little view, you can make plans in trade like what percentage of profits you will make, and what percentage of losses you can afford, so when technical analysis is done you know when to sell it
I agree, technical analysis is more important than just merely monitoring the prices. Analyzing the whole scheme you are going to do is going to give you best results unlike just depending on the prices buy low sell high is not always a thing to do more likely applicable on just bitcoin and high priced coin in the market. Technicalities on the market will never fail you if you are knowing what the processes are.