How do you come up with reliable predictions for prices?

Viscore

hero member

Activity: 3038

Merit: 647

Quote from: noorman0 on June 27, 2023, 10:26:45 AM

Quote from: esinka1903 on June 27, 2023, 09:16:57 AM

-snip-
Do I have to remember certain rules or be really good at technical analysis to make accurate predictions? What tools or methods do you use to predict prices?

You don't have to remember that but evaluate, those indicators only contribute a few percent of accuracy, nor will they guarantee you trading success. So there is no method that we can suggest to you, using the same method does not always give the same outcome for every trader.

You have to combine several trading guides besides mastering some technical analysis, it can be like risk management and emotions.

They say trading is always a broad one, that’s why you need not to focus on technical skills only but learn to maximize trading knowledge and skills that will be very useful when you decide to trade. That way, price predictions will be more likely accurate but never expect that you will never fail in some predictions at some point. However, trading do not just rely on your ability to predict the crypto price well, but also on your right attitude and on how you manage your emotions every time you are trading in the market.

dimonstration

hero member

Activity: 2562

Merit: 659

Dimon6969

Quote from: esinka1903 on June 27, 2023, 09:16:57 AM

I've seen a lot of you looking at Bitcoin charts and trying to predict prices. Do I have to remember certain rules or be really good at technical analysis to make accurate predictions? What tools or methods do you use to predict prices? I have enough time and I'm excited to learn the strategies you suggest so I can understand the market better.
https://bitcointalksearch.org/topic/bitcoin-forecast-bitcoin-speculation-bitcoin-technical-analysis-up-or-down-1493
I have seen some suggestions under some headings but they are too technical for me,(like this thread https://bitcointalksearch.org/topic/bitcoin-forecast-bitcoin-speculation-bitcoin-technical-analysis-up-or-down-1493) Do you have more beginner level suggestions?

There’s no accurate way to predict the price of Bitcoin on every trade since trading is just the result of majority decision of traders whether buying or selling which means it’s only a psychology on what will be the price movement.

But you can always use chart patterns and indicators to guide you on when you will sell or buy based on the price history of each token. Price history will just repeat the cycle in different time frame. This is the reason why using patterns and indicators is very useful for traders because this is somehow act as rule book for every traders that dictates the price.

ItsCrafty

full member

Activity: 826

Merit: 135

Tontogether | Save Smart & Win Big

Quote from: esinka1903 on June 27, 2023, 09:16:57 AM

I've seen a lot of you looking at Bitcoin charts and trying to predict prices. Do I have to remember certain rules or be really good at technical analysis to make accurate predictions? What tools or methods do you use to predict prices? I have enough time and I'm excited to learn the strategies you suggest so I can understand the market better.

Even it is seen and heard, you are seeing something and uses in the indicators or some predictions or analyzes based on which you determine the prices in the market. Now it depends on how you decide your strategy and what strategy you make so that you can better play your key role I n the market. Now, including me and many others will say that the first thing you need to do is analyze, improve your learning towards cryptos that how they operate, and just like if you want to trade in Bitcoin, you need to understand its fundamentals surely.

YUriy1991

full member

Activity: 882

Merit: 215

#SWGT PRE-SALE IS LIVE

Quote from: esinka1903 on June 27, 2023, 09:16:57 AM

I've seen a lot of you looking at Bitcoin charts and trying to predict prices. Do I have to remember certain rules or be really good at technical analysis to make accurate predictions? What tools or methods do you use to predict prices? I have enough time and I'm excited to learn the strategies you suggest so I can understand the market better.

That's right, and don't be too hasty to enter the market, pay attention to where it's going. what has been said by @tvplus006 that the minimum "You have to understand technical analysis if you have a goal to make a profit in the cryptocurrency market" is real and when seeing many failures that is what happens when we go blank and join in. What the OP must remember and make a strong mindset is that there are always opportunities and the market always provides opportunities for all of us.

Ziskinberg

hero member

Activity: 2926

Merit: 636

For campaign management look for Little Mouse!

Quote from: Obari on June 30, 2023, 07:41:35 PM

Quote from: esinka1903 on June 27, 2023, 09:16:57 AM

I've seen a lot of you looking at Bitcoin charts and trying to predict prices. Do I have to remember certain rules or be really good at technical analysis to make accurate predictions? What tools or methods do you use to predict prices? I have enough time and I'm excited to learn the strategies you suggest so I can understand the market better.
https://bitcointalksearch.org/topic/bitcoin-forecast-bitcoin-speculation-bitcoin-technical-analysis-up-or-down-1493
I have seen some suggestions under some headings but they are too technical for me,(like this thread https://bitcointalksearch.org/topic/bitcoin-forecast-bitcoin-speculation-bitcoin-technical-analysis-up-or-down-1493) Do you have more beginner level suggestions?

Well I think fir along term holder, there isn't any need to wanting to read and have any serious knowledge about technical analysis since they aren't moved by price movement in a short while, hence your questions should be directed mostly to the trading discussion board as you would likely get more engagements on your thread about this topic.
Remember what everyone does about the price of bitcoin is simply predictions and what makes people stand out when predicting the price of bitcoin is their technical knowledge about candle sticks and price volatility and with this adequate knowledge, one will be having a more preferable price prediction.

And people make predictions based on what they saw the market trend, it is a sort of market observation and is somewhat reliable. But of course, it was not made to become perfect, nobody knows exactly so even how much we spend time analyzing the market movement, if we are just a holder (not a trader) it was not necessary anymore. But still, we need for us to learn about it as this can be used when to sell after accumulations. Indeed it was more technical, so we never expect we can master it right away but our experience would help it.

Saint-loup

legendary

Activity: 2604

Merit: 2353

Quote from: esinka1903 on June 27, 2023, 09:16:57 AM

I've seen a lot of you looking at Bitcoin charts and trying to predict prices. Do I have to remember certain rules or be really good at technical analysis to make accurate predictions? What tools or methods do you use to predict prices? I have enough time and I'm excited to learn the strategies you suggest so I can understand the market better.
https://bitcointalksearch.org/topic/bitcoin-forecast-bitcoin-speculation-bitcoin-technical-analysis-up-or-down-1493
I have seen some suggestions under some headings but they are too technical for me,(like this thread https://bitcointalksearch.org/topic/bitcoin-forecast-bitcoin-speculation-bitcoin-technical-analysis-up-or-down-1493) Do you have more beginner level suggestions?

If you want to use some trading strategies like the Kelly Criterion one https://www.investopedia.com/terms/k/kellycriterion.asp
You need to know how each chart pattern you rely on has been able to predict rightly the trend in the following hours the pattern has occurred if you're a day trader, the following days if you're a swing trader or the following weeks if you are a position one. Unfortunately I've never seen this kind of statistics, so I wonder how rational and reliable is this graphical technical analysis junk science.

tvplus006

legendary

Activity: 2268

Merit: 1655

To the Moon

Quote from: esinka1903 on June 27, 2023, 09:16:57 AM

...Do I have to remember certain rules or be really good at technical analysis to make accurate predictions? ...

Yes, you should understand technical analysis if you have a goal to make a profit on the cryptocurrency market. Lack of knowledge and experience in trading will be identical with a casino. And you need to end up with more profitable trades than unprofitable ones, and not 50/50, as in a casino.

LogitechMouse

legendary

Activity: 2422

Merit: 1036

Chancellor on brink of second bailout for banks

Quote from: esinka1903 on June 27, 2023, 09:16:57 AM

I've seen a lot of you looking at Bitcoin charts and trying to predict prices. Do I have to remember certain rules or be really good at technical analysis to make accurate predictions? What tools or methods do you use to predict prices? I have enough time and I'm excited to learn the strategies you suggest so I can understand the market better.

First of all, learning to analyze the market will increase your chances in predicting the price of Bitcoin. In short, learning Technical and Fundamental Analysis will make your prediction more accurate.

The reality is that, even though you know how to analyze the market using charts, and the news, you can't still predict the price of Bitcoin in the future with 100% accuracy. Sure learning TA will help you by a lot, but that will not make your prediction 100% correct always. As for the rules, there are no rules I guess as long as you know how to read the charts. What tools or methods do they use? In technical analysis, there are so called indicators which can help your prediction more accurate.

Strategies? I guess making it simple is better. I tried trading, but I used only 2-3 indicators to make it simpler. I have a more win rate than the time where I'm using more than 5 indicators. The problem though is that, I still lose money in the end because of my emotions that until now I can't still control Cheesy

. Anyway, there's no way for a trader to predict the market with 100% accuracy put that in your mind OP. Learning TA will just make you increase your chances in predicting the market correctly.

Obari

sr. member

Activity: 602

Merit: 442

I buy all valid country Gift cards swiftly.

Quote from: esinka1903 on June 27, 2023, 09:16:57 AM

I've seen a lot of you looking at Bitcoin charts and trying to predict prices. Do I have to remember certain rules or be really good at technical analysis to make accurate predictions? What tools or methods do you use to predict prices? I have enough time and I'm excited to learn the strategies you suggest so I can understand the market better.
https://bitcointalksearch.org/topic/bitcoin-forecast-bitcoin-speculation-bitcoin-technical-analysis-up-or-down-1493
I have seen some suggestions under some headings but they are too technical for me,(like this thread https://bitcointalksearch.org/topic/bitcoin-forecast-bitcoin-speculation-bitcoin-technical-analysis-up-or-down-1493) Do you have more beginner level suggestions?

Well I think fir along term holder, there isn't any need to wanting to read and have any serious knowledge about technical analysis since they aren't moved by price movement in a short while, hence your questions should be directed mostly to the trading discussion board as you would likely get more engagements on your thread about this topic.
Remember what everyone does about the price of bitcoin is simply predictions and what makes people stand out when predicting the price of bitcoin is their technical knowledge about candle sticks and price volatility and with this adequate knowledge, one will be having a more preferable price prediction.

Just focus on hodling for now and with time, you can switch.

qwertyup23

hero member

Activity: 2212

Merit: 786

Quote from: esinka1903 on June 27, 2023, 09:16:57 AM

I've seen a lot of you looking at Bitcoin charts and trying to predict prices. Do I have to remember certain rules or be really good at technical analysis to make accurate predictions? What tools or methods do you use to predict prices? I have enough time and I'm excited to learn the strategies you suggest so I can understand the market better.
https://bitcointalksearch.org/topic/bitcoin-forecast-bitcoin-speculation-bitcoin-technical-analysis-up-or-down-1493
I have seen some suggestions under some headings but they are too technical for me,(like this thread https://bitcointalksearch.org/topic/bitcoin-forecast-bitcoin-speculation-bitcoin-technical-analysis-up-or-down-1493) Do you have more beginner level suggestions?

There are two (2) ways in order to somehow predict the prices with basis: using extrinsic and intrinsic technical analysis on the price of BTC.

For intrinsic analysis, this include all the factors that a certain cryptocurrency may affect its price. This includes the performance of the cryptocurrency over the years when it was created and you may also apply stock technical analysis techniques in order to support your conclusion.

For external analysis, this include all the factors that affect its price that does not include the performance of the crypto. For example, the war between Ukraine and Russia; the prohibition of countries of cryptocurrencies, etc.

At the end of the day, there is no absolute rule when it comes to prediction. These are only tools in order to help you arrive at a decision on which odds are greater than the other and this also does not guarantee that you will profit at the end.

lalabotax

full member

Activity: 1498

Merit: 132

BK8 - Most Trusted Gambling Platform

in predicting the price on the warranty card market, we don't just make guesses, but do an analysis whether it's TA or FA. Indeed, analyzing these two things does not guarantee that our analysis is always correct, but at least this is better than just predicting in general or just guessing.

Bushdark

sr. member

Activity: 854

Merit: 262

Eloncoin.org - Mars, here we come!

Quote from: Kelvinid on June 29, 2023, 05:48:32 PM

Quote from: Bushdark on June 28, 2023, 07:55:52 PM

Your question can be funny because this is not a place where you can learn everything you think you want learn. This is not a blog or mini sites where you are going to read about Bitcoin or cryptocurrency. What you are going to get here is opinion on how to embark on your journey to know how to make predictions as a trader. The market is very sophisticated and you don't have to be too relax asking for people to help you with what you should read by yourself with bothering anybody. You can make research about what you want to know and that's going to help you.

Perhaps, it was technical so I don't expect that OP will get it just in a few days but expect to learn it for weeks or even months. Besides, learning is not a contest that we need to get into fast and hurry but it should be done properly so it will totally absorb in our mind. And I was thinking that what OP wanted to happen is he would get it too easily. Unfortunately, it was more technical and so it need more time and more research in order to get what he wanted to learn but OP is impatient, not wondering about hearing such complaints.

The mistakes we could make here especially for newbies is when they want to learn as fast as possible. We need to take a deep breath when learning so that we can relax and learn very well not learning in rush. Trading and analysing the market is not something we need to rush and do since the market will always be here for us as long as possible. If we calm down and learn how to predict the market step by step, we are going to become a good market analysis that knows what his doing. So many things to learn so learning does not stop if we want to understand the market.

Sandra_hakeem

hero member

Activity: 714

Merit: 1004

Goodnight, ohh Leo!!! 🦅

I've never known predictions for having ultimate reliability as you speak of...(if that's what your claims are on analysis)...as long as you are not sure, it ain't reliable.
Technical analysis isn't that poky to learn in a twinkle of an eye; there's alot to take into consideration first - the fundamental analysis, sentimental analysis are quite imperative too. When you've gotten proper informations on how to analyze, then you won't be asking questions like this anymore. Another thing you need to remember is - there's nothing like
an "accurate prediction".

Sandra 🧑‍🦰

asawale

member

Activity: 136

Merit: 11

Quote from: esinka1903 on June 27, 2023, 09:16:57 AM

I've seen a lot of you looking at Bitcoin charts and trying to predict prices. Do I have to remember certain rules or be really good at technical analysis to make accurate predictions? What tools or methods do you use to predict prices? I have enough time and I'm excited to learn the strategies you suggest so I can understand the market better.
https://bitcointalksearch.org/topic/bitcoin-forecast-bitcoin-speculation-bitcoin-technical-analysis-up-or-down-1493
I have seen some suggestions under some headings but they are too technical for me,(like this thread https://bitcointalksearch.org/topic/bitcoin-forecast-bitcoin-speculation-bitcoin-technical-analysis-up-or-down-1493) Do you have more beginner level suggestions?

Reading or studying the past price movements enables you to predict what direction the price will go at certain point. Price also have reactions to certain news or occurrence. Having prior information or prompt information about such occurrence enables to take advantage of the pricing at the time.

Kelvinid

sr. member

Activity: 2800

Merit: 344

when lambo...

Quote from: Bushdark on June 28, 2023, 07:55:52 PM

Your question can be funny because this is not a place where you can learn everything you think you want learn. This is not a blog or mini sites where you are going to read about Bitcoin or cryptocurrency. What you are going to get here is opinion on how to embark on your journey to know how to make predictions as a trader. The market is very sophisticated and you don't have to be too relax asking for people to help you with what you should read by yourself with bothering anybody. You can make research about what you want to know and that's going to help you.

Perhaps, it was technical so I don't expect that OP will get it just in a few days but expect to learn it for weeks or even months. Besides, learning is not a contest that we need to get into fast and hurry but it should be done properly so it will totally absorb in our mind. And I was thinking that what OP wanted to happen is he would get it too easily. Unfortunately, it was more technical and so it need more time and more research in order to get what he wanted to learn but OP is impatient, not wondering about hearing such complaints.

esinka1903

newbie

Activity: 18

Merit: 0

Quote from: Bushdark on June 28, 2023, 07:55:52 PM

Your question can be funny because this is not a place where you can learn everything you think you want learn. This is not a blog or mini sites where you are going to read about Bitcoin or cryptocurrency. What you are going to get here is opinion on how to embark on your journey to know how to make predictions as a trader. The market is very sophisticated and you don't have to be too relax asking for people to help you with what you should read by yourself with bothering anybody. You can make research about what you want to know and that's going to help you.

ok

Bushdark

sr. member

Activity: 854

Merit: 262

Eloncoin.org - Mars, here we come!

Your question can be funny because this is not a place where you can learn everything you think you want learn. This is not a blog or mini sites where you are going to read about Bitcoin or cryptocurrency. What you are going to get here is opinion on how to embark on your journey to know how to make predictions as a trader. The market is very sophisticated and you don't have to be too relax asking for people to help you with what you should read by yourself with bothering anybody. You can make research about what you want to know and that's going to help you.

Nwada001

hero member

Activity: 574

Merit: 627

Quote from: Z390 on June 28, 2023, 08:34:58 AM

It's something you don't want to f with man, just accumulate in a bear market and sell in a bull market, if you are into trading find good trading tools that gives you signals when to buy and sell but you will lose a few times but you win more.

This is just me; I always find it difficult and hard to give myself time to learn and read through charts in order to make some coin price predictions. It always confuses me and drags me down to zero.

But I don't think that's actually the right thing to do. Sometimes one doesn't just need to depend on trading tools that give out free signals on when to buy and when not to buy; learning a few things on how to do it yourself will not be a bad idea, so I wouldn't discourage the OP from learning the basis. It's his choice.

For now, I buy at whatever my mind tells me is the right time to enter the market and hold for a long time until I realize profit; that's when I call it my selling point.

YUriy1991

full member

Activity: 882

Merit: 215

#SWGT PRE-SALE IS LIVE

Quote from: esinka1903 on June 27, 2023, 09:16:57 AM

Do you have more beginner level suggestions?

What is certain is that each person's strategy is different, some are advanced and some are not. Those who are good at looking at charts already know where the market will move without depending on negative news and the sentiment that is born towards BTC.

Well, for those who are not yet proficient, I think this is enough to help you in reading the market, but the theory that you have learned and have read is also juxtaposed to make it even more accurate

If the reading this picture may be reversed if the Tweezer-top arrow means the price will go up and the Tweezer-bottom is marked a decline.

So, that's the basic formula I think, so, you willbe know when you enter and when to leave market, But, these are signs for short-term players. Just my assumptions. but you can see either now or later when you trde. If anyone adds, they are welcome so that those who have recently become better and educated in BTC trading later.

Agbe

hero member

Activity: 854

Merit: 1246

To understand the movement of Bitcoin market is not something one can learn in one day and to give reliable prediction is not easy. Everyone gives their speculation and leave then if the market moves to your direction you win and if the market moves to the opposite direction you loss. If there is a specific person who gives the reliable prediction.on Bitcoin, everyone in the forum would have listen to the person and get the accurate movement of Bitcoin and for that traders would have making more gain but the price is unpredictable. Everyone make a guess work. But you can still use news, some expert in the field.

Topic: How do you come up with reliable predictions for prices? (Read 274 times)