Post
Topic
Board Beginners & Help
Re: Learn how to read crypto market charts
by
Barikui1
on 17/02/2024, 07:29:49 UTC
Code:
DYOR
All these won't be necessary for a long term holder so I will replace your quote with
Code:
HODL
. a long term holder have no reason to learn about market movement or charts although no knowledge is wasted you can just glance through it but there no need to stress on it. Only a short term trader would really need to know more about the charts and market movement.
You are actually right on the aspect of an investor, because if you as an investor in the crypto space, it's more likely that you will be rewarded handsomely wether you are knowledgeable enough about technical analysis or not, but if you are a trader, then knowing technical analysis and knowing how to read the chart is paramount for you, if you must be successful.

To me holding is much easier and less stressful compared to trading which you don't just need only knowledge of technical analysis to succeed, but so many factors like, knowing how to control your emotions, knowing how to use your leaverage rightly, knowing when to get in and out of the market correctly, etc so it's makes more sense to be a holder than a trader.