Quote from: taufik123 on June 21, 2023, 11:37:27 PM

Quote from: Fatunad on June 21, 2023, 10:59:37 PM

-snip-
TA is really a must know kind of thing on crypto space specially when you do make trades. You cant really just put up a position blindly because thats pure gambling and its not something that it is really that recommended on doing so. You would be finding for yourself on what are the things that mainly needed for you to be able to withstand and survive this very unpredictable and random market.

and what happens nowadays is that even beginners trade by placing positions blindly without doing any analysis.

This usually applies to futures trading and those beginners trade futures like gambling, just short or long using high leverage.
Using too high leverage will result in a lot of losses if it is not done properly.

TA really has to be mastered, at least to understand how basic technical analysis is.
don't just trade without having any knowledge. it's the same as walking without direction and eventually going into the abyss.

I do agree with both of you, TA is something that traders should learn first before stepping into trading.

A tool that will give you the opportunity to win on your trade, aside from that, with TA or with a better understanding of TA
your chances of losing a lot will be lessening as you will be able to learn how to stop-loss.

With that knowledge, the chance of making good trades will be high while making bad call due to unexpected circumstances
will be lessened.