The most important thing is to make decisions through technical analysis (TA). (TA means that technical analysis) Identify support and resistance levels. Try to understand the strength of buyers and sellers by looking at volume analysis.
At last, we know that DOYR is a very important part of our cryptocurrency. It is very important to do your own research (DYOR - Do Your Own Research) while making your own decisions and not just going by someone's advice. Because emotion or hype in the market can often lead you in the wrong direction. Good results can be achieved only through patience, correct information, and risk management.
What do a new investor who wants to start his bitcoin investment needs technical analysis for when he's not a trader. Why do you need to think about shitcoins when bitcoin is the only unique one amongst the rest and it has been proved to be a store of value overtime.
A new investor only needs to invest in bitcoin provided he has his discretionary income available and continue buying with DCA for 4-10 years and above irrespective of the price of bitcoin. Technical analysis is useless for a long-term bitcoin investor who has a bitcoin target to reach. Even with all the technical analysis that traders do, they still run at loss in the long term and you want a newbie who doesn't understand anything about the market to waste his whole time trying to study the market to know when is the right time to buy bitcoin.
It means that you will remain a no coiner for a very long period of time and bitcoin price will keep on increasing while you are waiting for no reason. You sound like a shitcoiner and that shows that you are gambling with your time, money and energy. Studying the market keeps you sleepless night. I hope that you can change your mindset and start your bitcoin investment so that you don't regret your actions in the future.