Is it difficult to analyze cryptocurrencies?

[Doriann]

I always thought that analyzing cryptocurrencies was a rather complicated process that required serious knowledge of finance, charts, indicators, and various trading strategies. When you start looking at educational materials on technical analysis, you see a large number of terms, tools, and methods that seem quite confusing at first glance. Therefore, I would like to hear the opinions of people who are already involved in cryptocurrency analysis or at least periodically study the market.

 

[Doriann]

How difficult is it really for a beginner? How long does it usually take to start navigating charts with some confidence and understand the main market signals? And what tools or analysis methods do you consider most useful in the early stages of studying the cryptocurrency market?

 

[Merkez]

Look, when it comes to technical analysis, I agree that it is an important component that is necessary for forming an overall picture of the cryptocurrency market's movement. But still, it's not the only thing you should rely on. A friend of mine once told me that you always need to remember cryptocurrency analysis and market data using the fundamental method. By the way, iTrusty has enough information for this on the main page of the site. Without data, we are nothing, and we are not only talking about numbers, but also about the history of raw materials, politics, and many other factors that affect our daily lives.