Is the skill of data analysis relevant to success as a crypto trader?

[Fidelia]

Crypto is full of so many charts to understand and interpret. And the skill of analysis can help with superior interpretation of these charts. Going by this, does it mean the skill of Data Analysis can give someone an edge in crypto trading? Do people who understand Data Analytics make better crypto traders?

 

[eLdavis]

It will definitely give you an added advantage but i don't think it is necessary. I know some persons who are into crypto trading but do not have skills in data analysis.

 

[Kera]

I think if those people had data analysis skills, their results would have even been better than what they achieve now. It can really help.

It will definitely give you an added advantage but i don't think it is necessary. I know some persons who are into crypto trading but do not have skills in data analysis.

 

[Augusta]

Yes you need to know how to analyse data. it would help you succeed more with the trading as you understand better

 

[Suba]

Even though you have mastered technical analysis, it is not a guarantee that you will become a successful trader, because you also need other analysis such as fundamental and sentiment, besides that you also have to be able to control your emotions, and manage risk.