Well, you can't really predict whether bitcoin's price will go up or down.
It's just a matter of how good your sense of prediction is. I am a trader myself and I'm pretty much always taking the safe approach. I usually check at the charts and see where bitcoin is usually stabilizing and set that amount as the bar to whether buy or sell.
Topic: How do you know BTC price will go down or up within a day? - page 4. (Read 3783 times)
There is no predefined way to determine the bitcoin price movement. No one in the world can tell you for sure whether price will move up or go down.
It is like any other stock market and drives in the principles of demand supply. When the demand is robust, the price is expected to move up and vice versa.
Technical analytics can tell you the possibilities, but can't recommend you or guarantee you about the price movement.
It is like any other stock market and drives in the principles of demand supply. When the demand is robust, the price is expected to move up and vice versa.
Technical analytics can tell you the possibilities, but can't recommend you or guarantee you about the price movement.
Only very experienced traders could predict the market movements of Bitcoin consistently on a daily basis and I think there is a close-knit group of traders who have inside info coming from the big whales who actually make the price move up and down. If you can't get a whiff of any inside info you are pretty much making wild guesses and that is not a sure way of securing profit.
Since BTC price is important when it comes to trading, how do we know whether its price if going to slightly drop or go up a bit within the day?
I feel like I need to learn this while i get to now be trading altcoins regularly.
I feel like I need to learn this while i get to now be trading altcoins regularly.
i guess that is the million dollar question, that anybody who can answer it first of all will not share it with others and second he will be rich.
but the simple answer is that the price is changing based on supply and demand so you have to find the reasons why this balance between supply and demand changes so that price moves in a specific direction because of it.
nobody knows if its going down or up, but you can look graphs, news, development, new services and other stuff that will PROBABLY attract more investors.
more investor=more "buying force" = pump coming.
the opposite = dump coming.
more investor=more "buying force" = pump coming.
the opposite = dump coming.
Simple solution : use automatic trading bot or buy professional bitcoin price analyzer if you can believe them.
But, if you could become close friends with huge miners, big company, early users or whales, you might predict bitcoin price
Its very good idea to become mutual with great dealers to go for a hunt in tradings but its very hard to trust such automated trading bots as they are only well programmed and they wont be well aware about current situations then humans will But, if you could become close friends with huge miners, big company, early users or whales, you might predict bitcoin price
Simple solution : use automatic trading bot or buy professional bitcoin price analyzer if you can believe them.
But, if you could become close friends with huge miners, big company, early users or whales, you might predict bitcoin price
But, if you could become close friends with huge miners, big company, early users or whales, you might predict bitcoin price
You can predict or speculate price the possible movement thru observation of the candle in the graph but not the exact movement. You can analyze it too thru observation of the Volume of Buy wall and Sell wall. If there is heavy buy wall and thin sell wall, the possibilty of bitcoin to move up in price is huge. But still there are always variable in everything. that variable can either be with your prediction or against your prediction. So yeah youu can predict the possible movement but not the exact movement of BTC price.
if we all knew when bitcoin price goes up and down then we could all be super rich or super poor because everybody would have been doing the same thing. so always some people have to not know and decide the wrong way so that some other people can make a profit because they made a correct decision.
Nobody knows when bitcoin price will go up and down, because it's not controlled by you.
When you are trading, sometimes you win and sometimes you loose.
At first you need to learn technical analyzes and other things that relate trading. You need to learn trading skill to shorten the risks of loose while trading.
When you are trading, sometimes you win and sometimes you loose.
At first you need to learn technical analyzes and other things that relate trading. You need to learn trading skill to shorten the risks of loose while trading.
actually is i was never know when bitcoin will going down or rise up and i just try to predict the prices even though my predictions will not always good but during i'm use my local exchange i have the benchmark prices if from other exchange the prices going down i would buy and holding my bitcoin because usually different prices from my local exchange and other exchange approximately $5-$10
It is difficult to predict when BTC price goes and goes down, need to have some chart and study the flow pattern of bitcoin , always best thing is buy BTC at lower price by comparing old history chart and flow pattern of bitcoin and sell it when price goes high,even while trading also same thing applies
it is so hard to know this in bitcoin, it may be easier to know for any other thing but not for any of the cryptocurrencies because the market is smaller and it is mostly being affected by the hype and things like that so prediction is that much tougher. you can only guess in the long term of things not daily.
Some based it on the recent price chart, but for me, it's just a matter of prediction. No one knows what will be the exact price nor it's movement. You are just lucky enough if you got it right (decrease or increase). That's why there is always a risk because you don't know what will be the result. You can just follow your mind or maybe your heart when it comes to predicting. Luck and hope I think.
In trading, I think it depends on the price when you sell or buy. If you buy at a low price and then the price increases afterwards, then you can sell and earn. Well, since I don't trade often, I'm not predicting the price movement, I just wait for the price to go up or down based on my past trade(I used it as my basis).
In trading, I think it depends on the price when you sell or buy. If you buy at a low price and then the price increases afterwards, then you can sell and earn. Well, since I don't trade often, I'm not predicting the price movement, I just wait for the price to go up or down based on my past trade(I used it as my basis).
Since BTC price is important when it comes to trading, how do we know whether its price if going to slightly drop or go up a bit within the day?
I feel like I need to learn this while i get to now be trading altcoins regularly.
Its hard to really catch the exact strategy to determine whether the price will go up or down. All you need to do is just the monitor always and wait for a significant change in price then you do the trading.
I use blockchain wallet there we could know about the price of btc in dollar that I am holding so this gives me a good idea about it.And I use coindesk for the exact price if I wanted to know for me it’s the best site which gives price of bitcoin every moment
simply, no one can know the price movement. people depend on their speculations which is usually based on news or the chart analysis and the support and resistance points in it
Since BTC price is important when it comes to trading, how do we know whether its price if going to slightly drop or go up a bit within the day?
I feel like I need to learn this while i get to now be trading altcoins regularly.
I feel like I need to learn this while i get to now be trading altcoins regularly.
you are practically asking us to teach you technical analysis and all other things related to trading. but that would require a long course with at least a hundred pages of reading material so that you can understand how you can speculate that.
and in the end after learning all that you have to learn that all you learned so far have exceptions that can't be defined by any rules!
Since BTC price is important when it comes to trading, how do we know whether its price if going to slightly drop or go up a bit within the day?
I feel like I need to learn this while i get to now be trading altcoins regularly.
Then you can see a diagram if the recent drops and rises, look it up.
Since BTC price is important when it comes to trading, how do we know whether its price if going to slightly drop or go up a bit within the day?
I feel like I need to learn this while i get to now be trading altcoins regularly.
Then you can see a diagram if the recent drops and rises, look it up.
Jump to: