Be it a newbie, expert or professional bitcoin and crypto currency trader or crypto currency investor with adequate skills; you definitely need to understand how to adapt to market situations.
What does adaptability entails? Adaptability teaches you and lets you know when to switch from "sell at resistance" to "buying the breakouts of resistance" within split seconds. Know this and be at an advantage especially during price correction that occurs during bull run of prices.
If you are an active trader you need to learn this, if you are a long term holder you can just check the market to see if you are doing fine as a long term holder, learning to do a shift is very important this is how we make profit timing is very important and insight of course and it also depends on what coins you are holding for short term and long term.