No, not really the approach to trade or hodling. We need to know the direction of market or price. This is called positional trade or trading with the trend. If you want to trend, is better to try and understand where the trend is, by that, you make your profit with ease and very fast. If we have the altitude of just entering the market without knowing where market direction is, we are likely to be losing or staying longer than expected.

As yourself, do you enter a bus, flight or whatever moving gadgets without knowing its direction 
Or, do you dive into an ocean without knowing how to swim Ir where the waves are...