It is always good to learn about price action before investing in cryptocurrency. Learning will guide your judgement in the market and prevent you from making decisions with instincts alone.
Normally it must be.
However, not all newbies that are going to invest or trade in crypto know about the analysis. Many of us moreover newbies may also guess something, getting hyped, and also will pick the coins based on following the signal.
Actually, this may not be really wrong at all. But, once we have bought the price at a certain high rate and the price keeps falling down, this commonly drives people to panic and sell all assets, not believing in crypto anymore, and many others.