Topic: it seems to getting more difficult now to analyse cryptocurrency prices - page 2. (Read 923 times)

It takes a mastery in order to fully understand a certain chart and its price movement, understanding the trend and also the candlesticks are also important and we should always consider it. I do not use fundamental analysis and I mostly rely on general market sentiment and in technical analysis. For me understanding and analyzing the charts is still the same before, I think you still need to focus on your analysis if you still have a hard time on analyzing the price action.

How do I analyze a certain chart? First I look the market structure where if it is uptrend or downtrend. What is the difference between the both? I can say that the certain cryptocurrency is in uptrend if it is creating higher lows and higher highs, while the downtrend coins are creating lower lows and lower highs. The bitcoin is now in the uptrend and if you will observe the volume you can find out that there is something good to happen. My analysis telling me to buy bitcoin and hold it for weeks as long as it will not get invalidated. We have still 2 months to go and there will be another surge for sure and we should really focus on improving our own analysis.

As the days goes bye the world of cryptocurrency find new dimensions which makes it difficult to comprehend or analyze. Particularly the recent mode of trades are different from what we used to do during the 2017, back then, the market was predictable and was always on a higher mode compare to this year 2020 when the market seem fluctuating in nature. Well let wait and see what happen next year 2021.

One way or another, no one can make a more accurate forecast based on their own analysis no higher than 70-75 percent. Even such low rates are available only to real professionals, of whom there are not so many. That is why I also never pay attention to the analytics of third-party resources and people whose signals are aimed only at manipulating inexperienced traders.

There's no accurate and whatever traders are doing are all speculations and own assessments, things are really hard ever since
no shortcut all relied with how you estimate and how you believe.

Some might relate the ongoing movement with how the things happened like before but there's no assurance still, the patterns
are almost showing the same but you still need to anticipate that it can turned against you so be prepared.

With my analysis show that something big is about to happen to cryptocurrency before the end of this year. 2020 is not yet over, I believe market can still change at anytime as long there are still supply and demand in the market.
Cryptocurrency market is reducing over some weeks now which is making some investors worry about their coins they are holding over some years . Every project has is own time and season to pump and dump. I think crypto will still rise again before the year pass out because many investors so much believe that the price will surely change soon.

The market is improving through the last analysis of technology analyzing cryptocurrency prices now seems to be becoming more difficult as crypto markers are not stable it is possible to make predictions if you can analyze the trading charts by analyzing the market well. There is always a need to be active in the market to know new information also different groups or teams often give accurate information.

Thats why we need to do is hold and pause for trading daily for a while?market is getting more difficult to handle and this is why we must be in safer position.

Look at the Defi currency in which making their way top but still unpredictable and we cannot just Buy and sell.

So Holding after buying for at least 6 months the shortest?

I have been here for like five years and I have hardly seen any analysis that happened to be accurate, so this is not a new thing.

I have seen so many people that tried to predict the price of Bitcoin and after they have made that prediction it happens to be totally wrong. Only fee analysis I have seen, and when the time came, that they were right. If you’re going to say that analysis are always right then you’re wrong.

But, I understand that at some point people get tired after they have tried so many ways and try to predict the price and still come out failing. Maybe you should go for a long term hodling.

Since when where the price had been predictable? Since on the beginning of time where this market starts where prices had always been unpredictable.
Not really a fan with news or whatsoever but this market isnt really correlated from time to time but there are instances we can presume out that
it did really make out some significant effect but we dont actually know on whats the real thing that do happen behind for such rise or dumps.
Its never been easy and it had never been easy to analyze the market and of course manipulative actions is there which isnt something
new thats why we should really be careful on making out trading decisions.

Actually the world condition is so much unpredictable now a days, so bitcoin is also a part of it. Predicting the price of bitcoin was not a easy task anytime. It was always unpredictable. At present there is so many big news for bitcoin, for that it's pumping. Also whales are giving it a support. Whales is on of the reason behind the unpredictable price of bitcoin. Because they can easily manipulate the market, and bring the price of bitcoin anywhere they want.

First and foremost analyzing the market of cryptocurrency wasn't easy after all. It is unpredictable and hard to spell with, you should be used to watch the ups and downs movement of the market value. But as of this year i probably agreeing the mere fact that the market value was getting more difficult to analyze. But knowing that even the market was difficult to analyze the market value today were amazingly highly appreciable.

In my decade long trading career, I have seen such complains many times and not just with crypto trading but with almost each and every markets. When more traders joins into a market, the level of difficulty is obviously increasing to crack profits out of competition. This is the reason our usual analysis is getting filed over the time unless otherwise innovating it with new ideas and concepts. This is the reason continuous learning and updating is always a mandatory requirement so that we can stay competitive in trading.

If you are generating your trading signals out of only one way of analyzing then definitely you will be noticing it. One probable solution is : you must work on more than one analyzing method so that you can withstand against market volatility.

2020 is the most unpredictable year that I have ever seen in crypto. If your analysis can not bring happiness to you continuously then you should keep away from it. Maybe sometimes we expect more or our analysis can be wrong. After all, we have to pay for it if we fail. Price prediction is getting hard nowadays.

Well, when the market was new it was actually possible to see the market swings and notice why those swings are happening but now that the market is so diverse and big it is actually impossible to predict the price and even the direction of the flow of market.

But, predicting it both ways is a bad idea to be honest because if you predict it both ways how would you even make your trades? I mean you buy bitcoins when you think the price is going to go down and you put sell orders when you think the price is going down in coming wave. If you predict both ways you are actually playing the wait game, so you wait for the market to go up or down and you react accordingly.

The demand is always increasing but for some reason we still see a sharp downfall which is then recovered slowly. I believe the main reason behind bearish runs is because there are some massive holders still in our community and they often sell their coins and that causes a sudden fall in the market otherwise I don't see any reason why the market should fall at all and then recover slowly.

It is next to impossible to predict the bitcoins price now days because the charts would suggest something else and the market would behave in absolutely random manner so I have stopped predicting the price and instead play with the changes to my own advantage so if the price goes up by too much, I sell some part of my coins and wait for the price to come down and buy even more BTC with the money I got from selling them at a higher price.

I don't trust any such tools and they all are are just guessing the price because if these analysts were really good then why did they not predicted the market when it went down a couple of months ago and now when the price is going up everyone seems to be an expert.

I was never good at predicting market price for bitcoins and I always feel like it is absolutely random but I have learned something about trading and that is to buy some bitcoins when the price drops sharply and then wait for the price to move up and it eventually would move up, might take longer in some cases and once it does regain the average value you can sell the amount to recover the money you invested and for the remaining BTC you save, just hold them for future and t cost you nothing.

You don't need to trade 30+ times a month or use 20+ markets in order to make good gains. On average a total of at least 4 upward trends and downward trends (7-10% price movements) happen in a month in between sideways movements. That all I personally need.

I think you misunderstood me. I am not talking about waiting for a complete bull or bear run in order to start trading. For example the recent upward trend of BTC or ETH that started on 19th October is good enough to make some decent returns on margin trading minus having to stress about with daily small trades of 20+ markets

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Someone claimed how easy channel trading is by drawing some lines on the chart. I redrew the same lines in regard to the current situation and show exactly how he would have had his small profits smashed up within a day

They dont have much that trust and also its not really bad to assume about its potential but to talk about putting all in and wait up for 25 years before cashing out?
You wouldnt know if Bitcoin would still exist that time or had already been replaced by much better coins/projects in the market.We wouldnt know on what happen into the future.
This is why you can really see people arent really make out such step due to various reasons and the one i explained is included.Its true that people arent really that
fan on holding but rather making out active trades instead. sensibly speaking when it comes to gains or profits then theres nothing can beat out if you
do deal with trading actively.

Maybe it is time to stop analyzing bitcoin and maybe end up just putting our money in there and stop nagging about every single move. I understand that some people wants to be "traders" that buy and sell everyday and maybe 1000% profit yearly or even more, but that is a very rare and unlikely situation and there is no need for that.

There is nothing in the world as trustworthy as bitcoin that you could put your money in that will make you profit in the long run. I don't know how much is left until you retire but to me it is around 25 years so if I keep saving money and putting all of them in bitcoin constantly and only cash out 25 years later (unless something major happens) that means I am going to be super wealthy, I trust that and I do not get why others don't do that.

Cryptocurrency prices seem to be becoming more difficult to analyze now but if you have a good knowledge of the market it will be easier to make accurate predictions. The market is constantly being updated with the latest aspects of technology. change with the system market research has to be done according to the plan. the demand for crypto market is increasing than before it will be easier if you can analyze properly without stopping.

Noooo I don’t agree with that. The price never been like that since I got here, it’s always been unpredictable. I have seen so many experts on the price that took their time and wrote an analysis on Bitcoin and at the end it never worked that. Only few times (two times to be precise) that I have seen people predict the price exactly.

The market can go anyway, the best you can do is predict both ways so that if it doesn’t go the other way, then you’re certain of the other, that way you can be sure what actions to take if it’s negative. As far as I am concerned, never traders realized that market conditions are easier and favorable to them; it is always a challenging one and who are all able to ride along the market direction, enjoying the profits.