Hi guys I’m new to the forum and I’m new to the crypto world.
I would like to know if there is some method on how to understand when the market is going to dip or when the market is going to pump.
Thank you in advance to all of you
Something that you need to understand is that technical analysis can be used to give predictions about what the market is most likely to do at the moment, but that is all what they are, predictions, for example have you ever seen the weather report say that there is going to be a lot of rain during that particular day and the next ones and then nothing happens, the days are beautiful and sunny and you wonder what happened? And the answer to that is simple, the conditions changed and now their prediction is useless and the same happens with technical analysis.
No one can accurately know the movement of crypto prices, we can only do analysis to predict where the market will move. Even that does not
guarantee 100% accuracy, especially since crypto price movements are very volatile, so it is much more difficult to predict. However, with the analysis
we do, we become aware of what steps we should take, so we don't make decisions randomly. As you said it's no different than predicting
the future weather, it's not 100% accurate, but we can at least get an idea of what will happen. So always be careful in every decision we make
in the crypto world.