How to predict up and down the bitcoin price before we trade - page 2.

nesty

full member

Activity: 518

Merit: 184

Quote from: markzuk on September 18, 2017, 03:21:42 AM

With the "Advanced Chart" feature available in VIP.Bitcoin.co.id can help you, especially traders, to maximize the accuracy of your Cryptocurrency price prediction.
Advance Chart has a more detailed look with various trading tools.
How do you predict the bitcoin price? Cheesy

With the volatility of the Crypto World it is very hard to predict the movement of the market. If the traders start to panic the tendency is for the market to go down because of the mass selling and vice versa. No one can really predict the movement just by simply following the basic rule buy low sell high that would be a safe investment.

DaMut

sr. member

Activity: 1274

Merit: 263

Quote from: markzuk on September 18, 2017, 04:07:01 AM

Quote from: DaMut on September 18, 2017, 03:55:20 AM

~sniff~

When you use bitcoinwisdom and cryptowatch, what percentage of accuracy is its prediction?

Accuracy ?
should be around 20% or around that.
as a trader,we do not wasting mostly our time to place the order buy or sell but instead we are doing the research.
for example you spent your time in front of the computer for 10 hours/day.
how much time that you use to do the trade ? (me,approximately 1 hour).
i spent 90% of my time in front of the computer to search the information and research about what is going on and what will happen.
you need to know what is going on with the world and the cryptocurrency(like right now,chinese goverment banning the exchanger and citizen to trade the Bitcoin in their country).so,based on that news i know the reason why would the price goes down to this level.
and what will happen in the next days ?
based on my observation the price will slowly recovering and i believe we should see $4000 marks in the coming week or around that.
because the chinese make some classic move,like they did before.
chinese is the learder in the economy,so it's not really surprising that they can did it.
in conclusion,i spent my time read the live chart and only gain 20% accuracy from it.
and the rest i get from doing the research.
there're no free lunch in this world mate,so you need to spent a lot of effort to get what do you want

KingAzir

member

Activity: 118

Merit: 100

To take a decision on buy or sell bitcoin depends on technical analysis is a great choice but sometimes, negative or positive news can affect the prices a lot though

Catmony

hero member

Activity: 854

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Predicting bitcoin price is not quite easy and reading charts might not help always. There are thousands of terms used in technical analysis of trading charts and without knowing about all of them you can't understand what the analysis is suggesting.

Also there are psychological effect on market which is harder to predict and no any charts can show you emotional trend.

OmegaStarScream

staff

Activity: 3500

Merit: 6152

You really don't, who would've expected that Chinese exchanges would close and the government would ban ICOs as well? I mean you can only predict with some accuracy when you know that there is an event ahead of us. Bitcoin ETF, halving block reward, LN and SegWit implementation etc. You know that these things will affect in the price positively but aside from that, you can't really tell anything for sure.

markzuk

member

Activity: 139

Merit: 11

Quote from: Yuhee on September 18, 2017, 05:40:25 AM

Quote from: Opekin on September 18, 2017, 04:40:24 AM

Quote from: markzuk on September 18, 2017, 03:21:42 AM

With the "Advanced Chart" feature available in VIP.Bitcoin.co.id can help you, especially traders, to maximize the accuracy of your Cryptocurrency price prediction.
Advance Chart has a more detailed look with various trading tools.
How do you predict the bitcoin price? Cheesy

I am using some chart analysis by using some apps, and by researching and having an update on the coins that i am holding.
With bitcoins price i don't actually predict it i am basing in a bot that gathers a lot of information and it doesn't disappoints me.

Well i am really in a long term process right now so i am not really keen on those analysis app and even news related to the price. But i am well aware on btc news that appears on sites that i am visiting once in a while about bitcoin. I sometimes get bored reading and watching the same chart of statistics over and over and some news that gets stock in a week like the issue about china. Everybody would say its a fall but it turned out to be nothing in the cryptoprice.

people analyze according to their thinking, and not necessarily right. They can analyze and we are also able to do it

PinkB

sr. member

Activity: 256

Merit: 255

Follow the charts about the coin.take your look coin road map and future development.Take look coin announcement thread for latest news about the coin.also keep flowing the coin developer for latest update about the coin.

markzuk

member

Activity: 139

Merit: 11

Quote from: Opekin on September 18, 2017, 04:40:24 AM

Quote from: markzuk on September 18, 2017, 03:21:42 AM

With the "Advanced Chart" feature available in VIP.Bitcoin.co.id can help you, especially traders, to maximize the accuracy of your Cryptocurrency price prediction.
Advance Chart has a more detailed look with various trading tools.
How do you predict the bitcoin price? Cheesy

I am using some chart analysis by using some apps, and by researching and having an update on the coins that i am holding.
With bitcoins price i don't actually predict it i am basing in a bot that gathers a lot of information and it doesn't disappoints me.

Hopefully your prediction is right on target

Yuhee

sr. member

Activity: 546

Merit: 250

Quote from: Opekin on September 18, 2017, 04:40:24 AM

Quote from: markzuk on September 18, 2017, 03:21:42 AM

With the "Advanced Chart" feature available in VIP.Bitcoin.co.id can help you, especially traders, to maximize the accuracy of your Cryptocurrency price prediction.
Advance Chart has a more detailed look with various trading tools.
How do you predict the bitcoin price? Cheesy

I am using some chart analysis by using some apps, and by researching and having an update on the coins that i am holding.
With bitcoins price i don't actually predict it i am basing in a bot that gathers a lot of information and it doesn't disappoints me.

Well i am really in a long term process right now so i am not really keen on those analysis app and even news related to the price. But i am well aware on btc news that appears on sites that i am visiting once in a while about bitcoin. I sometimes get bored reading and watching the same chart of statistics over and over and some news that gets stock in a week like the issue about china. Everybody would say its a fall but it turned out to be nothing in the cryptoprice.

Opekin

sr. member

Activity: 396

Merit: 252

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Quote from: markzuk on September 18, 2017, 03:21:42 AM

With the "Advanced Chart" feature available in VIP.Bitcoin.co.id can help you, especially traders, to maximize the accuracy of your Cryptocurrency price prediction.
Advance Chart has a more detailed look with various trading tools.
How do you predict the bitcoin price? Cheesy

I am using some chart analysis by using some apps, and by researching and having an update on the coins that i am holding.
With bitcoins price i don't actually predict it i am basing in a bot that gathers a lot of information and it doesn't disappoints me.

markzuk

member

Activity: 139

Merit: 11

Quote from: DaMut on September 18, 2017, 03:55:20 AM

if you only want to 'predict' the market it's not really hard to do it,
just say go up or go down based on the chart alone you can do it,
but if you want to make a strategy that is a different case,you need to read the chart from 4h,6h and 1D.
read the market sentiment,market capitulation(optional) and lastly we need to do our own research about what is going on today with Cryptocurrency.
there are a lot of factor that can determine the movement so,if you only read and make a preparation based on the chart, it's not really wise in my opinion.
usually i used bitcoinwisdom,cryptowatch and else.
the reason i used more than 1 live chart to monitorize it because sometime you will see an unnatural candle and make you slightly confuse.
plus we need to read the chart in general and minimize the errors caused by the live chart.

When you use bitcoinwisdom and cryptowatch, what percentage of accuracy is its prediction?

DaMut

sr. member

Activity: 1274

Merit: 263

if you only want to 'predict' the market it's not really hard to do it,
just say go up or go down based on the chart alone you can do it,
but if you want to make a strategy that is a different case,you need to read the chart from 4h,6h and 1D.
read the market sentiment,market capitulation(optional) and lastly we need to do our own research about what is going on today with Cryptocurrency.
there are a lot of factor that can determine the movement so,if you only read and make a preparation based on the chart, it's not really wise in my opinion.
usually i used bitcoinwisdom,cryptowatch and else.
the reason i used more than 1 live chart to monitorize it because sometime you will see an unnatural candle and make you slightly confuse.
plus we need to read the chart in general and minimize the errors caused by the live chart.

markzuk

member

Activity: 139

Merit: 11

With the "Advanced Chart" feature available in VIP.Bitcoin.co.id can help you, especially traders, to maximize the accuracy of your Cryptocurrency price prediction.
Advance Chart has a more detailed look with various trading tools.
How do you predict the bitcoin price? Cheesy

Topic: How to predict up and down the bitcoin price before we trade - page 2. (Read 1054 times)