Many forum participants, giving advice to beginners about trading, talk about the need to set orders for one`s own target price and wait until the asset reaches it. Intuitively, I agree with this approach as it fits with my own strategy. But I wonder, can someone advise on what exactly the target price assumption should be based on? Of course, I know about fundamental and technical analysis, about the need to read the chart before opening or closing positions. But I'm rather interested in whether it is possible to deduce certain patterns, by what percentage the asset will grow over a certain time, e.g. 3 month, a year etc.? How can I be sure that my price can be set at 20% of the current price, and not at 10% or 35%? Now for me it looks more like guessing, and I often exit the position earlier, since I do not suppose that after 20% there may be another 15% growth, for example. I really would like to improve my target pricing skills.
You did not realize it but you answered your own question, there is not an exact science about this as it is impossible to predict with absolute certainty what it is going to happen in the market, at some point we need to make assumptions based on our experience and the past data of the market in order to more accurately predict what the market is going to do next and how big will that movement be, it is probably not the answer you are looking for but that is precisely why trading is not an exact science and a lot of the time it depends on making the right assumptions about what is happening in the market when we look at the charts. 
Topic: Target Price Methodology - page 3. (Read 479 times)
They are often identified at points of support and resistance, meaning that you place the price at a specific support resistance point and buy at it and then sell at the following resistance points:
Example of nearby support and resistance points
53,000 | 56,000 | 58,000 | 63,000 | 67,000
Therefore, you can buy when the price falls to one of those levels and sell at half the value when it reaches close to the resistance point.
If the price increases, you will make profits, and if it decreases, you will have sold at a higher level.
Also, many people only sell the value they bought and invest in the profit.
Example of nearby support and resistance points
53,000 | 56,000 | 58,000 | 63,000 | 67,000
Therefore, you can buy when the price falls to one of those levels and sell at half the value when it reaches close to the resistance point.
If the price increases, you will make profits, and if it decreases, you will have sold at a higher level.
Also, many people only sell the value they bought and invest in the profit.
Many forum participants, giving advice to beginners about trading, talk about the need to set orders for one`s own target price and wait until the asset reaches it. Intuitively, I agree with this approach as it fits with my own strategy. But I wonder, can someone advise on what exactly the target price assumption should be based on? Of course, I know about fundamental and technical analysis, about the need to read the chart before opening or closing positions. But I'm rather interested in whether it is possible to deduce certain patterns, by what percentage the asset will grow over a certain time, e.g. 3 month, a year etc.? How can I be sure that my price can be set at 20% of the current price, and not at 10% or 35%? Now for me it looks more like guessing, and I often exit the position earlier, since I do not suppose that after 20% there may be another 15% growth, for example. I really would like to improve my target pricing skills.
by doing TA you can actually get some information how the coins will perform especially through fundamental analysis, and fyi not all the time you can achieve what exact percentage you want in just one trade. because you know market is so volatile and of course if you're doing intraday you need to set atleast 1/2 ratio to assure you can get profits before it makes correction.. For me perhaps 20 percent is possible unless if you see a break out pattern or a strong bullish momentum because usually the growth rate of the coin is really jumping high.. If not or just a normal trend i think it's impossible in just one trade.. Actually based on my experience on day trading it took me 4-5 trade in order to reach that average but still worth it. Lol
That's because of you, we have determined price movements based on the method of how to read movements that we believe in and learn. Broadly speaking, it does not mean that we will touch the price, but as an alternative when we are not in the market and the price has touched the point we have placed. Then you must also be able to divide the balance into several parts and not go all-in in one queue point. If you just save, of course until whenever you just wait. Therefore there is a strategy to apply it to the price movement of a crypto with the time range that we have determined.
Because of the nature of price movements, I think everyone and myself fall into the category of guessing, but rather than guessing without reason, it's much better to guess with our own reasons. Especially based on the knowledge we have. In the end, we cannot blame certain strategies, because all technical analysis is based on certain moments and accuracy in implementing them.
If, you know about it all, you should have realized from the start that the hypothesis you made and made had two consequences, namely that our method was used correctly or vice versa that the method applied was not correct. IMO there is no right method, it all depends on the level of mastery each has. It could be that what you are good at, has not been fully studied to its roots. As we often hear: The more we know a trading method, the more we feel that what we understand is still lacking".
Because of the nature of price movements, I think everyone and myself fall into the category of guessing, but rather than guessing without reason, it's much better to guess with our own reasons. Especially based on the knowledge we have. In the end, we cannot blame certain strategies, because all technical analysis is based on certain moments and accuracy in implementing them.
If, you know about it all, you should have realized from the start that the hypothesis you made and made had two consequences, namely that our method was used correctly or vice versa that the method applied was not correct. IMO there is no right method, it all depends on the level of mastery each has. It could be that what you are good at, has not been fully studied to its roots. As we often hear: The more we know a trading method, the more we feel that what we understand is still lacking".
Many forum participants, giving advice to beginners about trading, talk about the need to set orders for one`s own target price and wait until the asset reaches it. Intuitively, I agree with this approach as it fits with my own strategy. But I wonder, can someone advise on what exactly the target price assumption should be based on? Of course, I know about fundamental and technical analysis, about the need to read the chart before opening or closing positions. But I'm rather interested in whether it is possible to deduce certain patterns, by what percentage the asset will grow over a certain time, e.g. 3 month, a year etc.? How can I be sure that my price can be set at 20% of the current price, and not at 10% or 35%? Now for me it looks more like guessing, and I often exit the position earlier, since I do not suppose that after 20% there may be another 15% growth, for example. I really would like to improve my target pricing skills.
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