Knowledge about the risks of investing in Bitcoin is very important so that we can avoid the possible risks that we will face in investing. If we just understand Bitcoin, it is very suitable for applying the DCA method, we can collect it in a consistent amount and we can also find out more about Bitcoin to be able to profit from the investment we make.
In addition, technical analysis is likely to be the basis of a trading approach as well because a trade always presents the potential for profit at least twice the potential for losing money. The Bitcoin market never closes, so if money never sleeps then Bitcoin is the purest form of money.
Yes.It is not necessary to identify market trends because trend formations are not obvious in the early stages.
It seems you don't understand the discussion, if you read very closely you will see that the discussion is not about the importance or the need to understand the technical analysis for trading, he is actually talking about investment risk awareness because in as much as bigginers sees Bitcoin as the best investment they should also be aware of the risk involved and how to manage those risk and also to diversify into DCA strategy in other to enable them be on a safer side.
However from your comments you seems very interested on trading Bitcoin, considering the risk of trading and chasing the market price perhaps why don't you chose to invest on Bitcoin and hold instead of gambling with the possibility of losing everything, because in as much as you may feel that trading is very profitable that's how the risk and chances of losing out is also very high, so perhaps to be on a safer side it is advice able to use DCA strategy that guides you on how to accumulate with risk free and capital management.
Most people don't really understand that trading of coins is actually the worse thing when you are currently trying to hodl your investment because there is no certainty that it's actually going to work for you on your every try, that's why so many people tend to call it an advance gambling and anyone who thinks he can gamble his way to success is actually not ready to be successful because trading is the height of risk when it comes to relating it to Bitcoin. And believe me as I have learnt this in a very hard way and so not trading your coin is far more better.