Topic: How to predict up and down the bitcoin price before we trade (Read 1054 times)

We can't. That's why its volatile. We can only read how the charts move and make predictions from the information that we previously have.  Many people have mastered this and even they are still experiencing losses.

Bitcoin is not  a  tecnical market ... I tried  to use tecnical  and  I burnt myself too many times...  the best strategy in bitcoin is to buy  at the dip,then  wait for price to rise,  and sell, rinse and reapet

Or buy when things like China ban ICO happens.

For altcoins  just pick up a semi-reputable coin  at its lowest point (support) and  wait for the pump, which can came

I prefer to make predictions by looking at chart price charts and also see if there is any news that could have a positive impact as well as a negative impact on bitcoin price movements. one of the easiest is to see the current condition as it happens segwit and also the condition of china regulate bitcoin. such analysis in my opinion is quite accurate. we then have to take decisions and also decide what we will do in the future.

Actually you can't predict the market. But there are some tools and other prefernces that may help you to predict whether it's going up or down here are some things you may do

1. Read news, article and blogs about the coin
2. Join groups about trading cryptos to have some tip and to be guided by pros
3. You made a research about the coin
4. Know all information about it you may check at coinmarketcap.com

There are some things i know in order to predict the ups and downs of the cryptos

I only  predicting bitcoin price through fundamental analysis. I follow daily news from bitcoin.com and twitter price prediction from most popular experts on cryptocurrency. We should also look at what is happening today , price is trapped around $3,965 I expect to put a buy trade if there is any significant Good news about Bitcoin in few hours or days to come but if the news is not good then expect price to fall significantly.

Using charts and application that could give us information about the daily trend of the stock and the price of bitcoin is a good tool for us toet know the possible changes about the price of bitcoin in terms of trading and investment. Yet, we also need to do our part to manage our funds for us to control ourselves to used it or not.

Unless you want to follow news and speculations, or you are just doing safe trade strategy by buying at any point below support, and selling at a reasonable point based on previous chart reading, you cannot state specifically exactly the point to sell most especially. In one word, you cannot give an accurate prediction but just try as much as possible to play safe.

Don't you think if someone was able to predict the price these would be making billions daily ? You should try buying a automated trading bot for altcoins.

I agree with this statement, I often use marketchap to get info about some bitcoin and altcoin, this is very accurate info.

I just see the latest news from the coin, you can see all the latest info from various coin here = https://coinmarketcap.com/
from there I can conclude when the price will be down and when the price will be up.

Its really hard to predict the flow of the market instead we can study the behavior of the coin on how its chart going. The chart is really the best thing that we can use to predict the market and to execute our trading well. So study the indicators that you can use for you to become a successful trader.

The best way is to look at google trends. See the following article:

http://uk.businessinsider.com/bitcoin-price-correlation-google-search-2017-9

Notice the graph in the article - when the search volume started to fall in the last few days, the price started to drop too.  

Cause you need to sacrifice it sothe chances of it is 50/50 thats how trading is we cant sure anything predicting it by your own can be there is some site but your analysis on it will be your basis and the movement of it on how in the past days how it moves.

I would love to know this as well, it will come in handy if you are able to predict the rise and fall of bitcoin's price. In my opinion it is hard to do since bitcoin is highly volatile, but some people were able to predict it so it is really not impossible. I guess these people use the chart from an hour to 4H 6H half of the day, a week or even month in short they are constantly checking the chart they may use it as a pattern like if bitcoin is following some kind of trend. Since bitcoin is very volatile, there are a lot of contributing factors, bitcoin is global so if one market who holds most part of bitcoins goes down price may fall as well, it is something similar to china. When the chinese issued the ban bitcoins price went down. And when JP morgan made false claims against bitcoin, the price may have been affected by it. My point is these are just some factors that may affect the volatility of bitcoin so in order to predict what may happen we have to read news about bitcoin regularly, do research if the news is true or not then maybe the probability of predicting the dips will be much accurate than just basing it on the charts. This is just my opinion, i do read news regularly but i do not make predictions. I jusg have my spare money which i will use when the price drops and hodl until the price is right for me to sell. This is my long term plan.

There is no accurate mechanism for predictions in trading markets. Real trading involves thorough research and analysis, even expert traders loss huge money sometimes. Its very unpredictable but unlike gambling chances of getting is very high.

The btc price is just a normal thing that anyone can do, I think. But accurate guessing is a completely different thing. To be able to accurately predict an extremely difficult situation, those who have experience in crypto investment only predict a relative percentage. So, you should not ask how to know the btc price will increase or drop. Let you give yourself extra time and draw your own experience.

You can improve with research, news (which is known as fundamentals). In currency market, news is very dangerous and powerful as it can pull you down or rise you within a very short time. For instance, the Chinese news saw bitcoin heading downwards while Japanese adoption gave bitcoin live again, this is a recent example.

Literal prediction is just saying "bitcoin price will go or down tomorrow".

The question is the accuracy. There are lots of factors that can be your referenced in order to create a good and close to reality analyzation. There is no way we can tell the exact thing to happen since market is unpredictable. Try to learn those factors instead as it might give you some good chances that your prediction may be right.

You are so right. I have seen situations when I thought yeah! This is a good buy immediately this particular coin broke below support only to see it going down consistently until I realized the coin would be delisted from bittrex. I swallowed my losses like that. The thing is there are so many things to consider when making trading decisions, not just only charts.

those charts are utterly useless, all that matters is the movement of the whales, the ongoing news affection, and the coming regulation. you may think that you've made an accurate analyzation or prediction by usnig that sort of chart even though never tried it in vip.bitcoin.co.id as you mentioned but, after all, utterly useless.