short term trading is a difficult game.
it is skewed to exchanges favor and for traders to lose money via fee payments made due to lots of trading.
It is hard work lots of action and just one bad streak you can lose years worth of profits.
It is really hard to do because when you are doing short term trading, you must consider your time management if you can really check your portfolio every time so that if something changes in price, you can do what your plan is, and you can earn that fast. I can say that speculation is the only thing you can do when analyzing, no one can predict when bitcoin will boom in terms of value.
There are people who do the job of trying to predict the future price of Bitcoin using what we call technical analysis. I don’t know how they do it, I am not into it and I don’t know how it works, but from what I have understood there are different strategies that are being used in knowing what the future price is going to be.
McAfee claimed that he used the same strategy that was used for predicting the bull run that took place in 2017 but still he wasn’t able to predict the price for 2018 and 2019, all his predictions failed and for that he called Bitcoin the worst cryptocurrency. So, it’s difficult to do, but there are people who have done it accurately.
Indeed, they are only doing some speculations of what they are seeing in the market, yes they can say that maybe this year that bull run will happen because as we look at the bitcoin's price, we can see that it is really recovering from downfall. That is maybe the thing they are considering to say that kind of things regarding bitcoin's price.
at that time still unsure whether bitcoin will boom or bust, how to analyzed the market from a different perspective ??
We don't know if the bitcoin will boom on the next few days or it will bump so high because those person who are currently has the knowledge on how to read the market graph are the one who can analyze what would happen to the bitcoin if it will become boom on the next few hours or not. The crypto enthusiast are saying that there is what you called the golden cross on wherenif this happens there is assurance that it will be bullish. But in different perspective I dont know what people are doing to analyze those kinds of thing.
The only thing we can as of now is to wait for the right time that the pump will really happen, because as of now, maybe a pump can happen anytime or maybe not. Keep on doing what you are doing and have patience, keep also supporting cryptocurrency especially projects that are coming.