I don't think that is a good idea for newbies, if a newbie is investing for long term, looking at the market will not do him any good, what he she should be concern about is accumulating enough Bitcoin and not watching the market, except the newbie is into trading which is a wrong way for a newbie to go.
As a newbie investing in Bitcoin and then always watching the market will only delay your accumulation journey for example if you are a newbie and you just started a Bitcoin investment and before you no it there's a dip it may stop you from accumulating more or reduce the percentage you are putting into Bitcoin.
I think what a newbie should be more concern about is accumulating.
Apart from what you said, there is also another thing that a beginner needs to pay attention to and that is about the knowledge of what he is collecting and when he already knows that what he is collecting is the best asset of all time like Bitcoin, of course he will also know how to manage his time to continue to accumulate by collecting as much Bitcoin as he can. This means that in terms of investing in Bitcoin and also with the aim of continuing to collect Bitcoin, anyone does not need to waste more time looking at how the price chart is in the market except just to see and know about how the trend will occur in the market in the future.
some persons doesn't do all this point you said, theirs is some certain things we don't need to mention just like that, if you have intension of accumulating Bitcoin, you can do that without observing any market procedures, theirs people who just go into bitcoin investment and after something they regret about it, and theirs also some people who go directly to invest in bitcoin and they don't have anything in mind of bitcoin increasing anytime soon but after their investment bitcoin increases to a levels that is unbelievable or surprised to them.