How do you know BTC price will go down or up within a day?

[Nahl]

actually is i was never know when bitcoin will going down or rise up and i just try to predict the prices even though my predictions will not always good but during i'm use my local exchange i have the benchmark prices if from other exchange the prices going down i would buy and holding my bitcoin because usually different prices from my local exchange and other exchange approximately $5-$10

[shield132]

Nobody knows when bitcoin price will go up and down, because it's not controlled by you.
When you are trading, sometimes you win and sometimes you loose.

At first you need to learn technical analyzes and other things that relate trading. You need to learn trading skill to shorten the risks of loose while trading.

[talkbitcoin]

if we all knew when bitcoin price goes up and down then we could all be super rich or super poor because everybody would have been doing the same thing. so always some people have to not know and decide the wrong way so that some other people can make a profit because they made a correct decision.

[serjent05]

You can predict or speculate price the possible movement thru observation of the  candle in the graph but not the exact movement.  You can analyze it too thru observation of the Volume of Buy wall and Sell wall.  If there is heavy buy wall and thin sell wall, the possibilty of bitcoin to move up in price is huge.  But still there are always variable in everything.  that variable can either be with your prediction or against your prediction.  So yeah youu can predict the possible movement but not the exact movement of BTC price.

[Jimbola3]

Simple solution : use automatic trading bot or buy professional bitcoin price analyzer if you can believe them.
But, if you could become close friends with huge miners, big company, early users or whales, you might predict bitcoin price

Its very good idea to become mutual with great dealers to go for a hunt in tradings but its very hard to trust such automated trading bots as they are only well programmed and they wont be well aware about current situations then humans will

[raphma]

nobody knows if its going down or up, but you can look graphs, news, development, new services and other stuff that will PROBABLY attract more investors.
more investor=more "buying force" = pump coming.

the opposite = dump coming.

[Red-Apple]

Since BTC price is important when it comes to trading, how do we know whether its price if going to slightly drop or go up a bit within the day?
I feel like I need to learn this while i get to now be trading altcoins regularly.

i guess that is the million dollar question, that anybody who can answer it first of all will not share it with others and second he will be rich.

but the simple answer is that the price is changing based on supply and demand so you have to find the reasons why this balance between supply and demand changes so that price moves in a specific direction because of it.

[Wendigo]

Only very experienced traders could predict the market movements of Bitcoin consistently on a daily basis and I think there is a close-knit group of traders who have inside info coming from the big whales who actually make the price move up and down. If you can't get a whiff of any inside info you are pretty much making wild guesses and that is not a sure way of securing profit.

[avikz]

There is no predefined way to determine the bitcoin price movement. No one in the world can tell you for sure whether price will move up or go down.

It is like any other stock market and drives in the principles of demand supply. When the demand is robust, the price is expected to move up and vice versa.

Technical analytics can tell you the possibilities, but can't recommend you or guarantee you about the price movement.

[katrimans]

Well, you can't really predict whether bitcoin's price will go up or down.
It's just a matter of how good your sense of prediction is. I am a trader myself and I'm pretty much always taking the safe approach. I usually check at the charts and see where bitcoin is usually stabilizing and set that amount as the bar to whether buy or sell.

[thejaytiesto]

It's impossible to know and whoever is claiming to be sure is lying, but you can look at the fundamentals and try to guess where the price will be at at a gross estimate of 1 to 2 months, and the uptrend is still clear since early January of last year. Other than that.. you can't know about the price movements daily, unless you are a super whale about to buy or sell a lot of it, enough to modify the market price.

[kryptqnick]

I think we don't. The only think we know is when the halving is coming according to what is written in the code.

[zodin]

i think no one can know that. because it is not fixed. it depending on demand and supply. if the demand increased and there is a shortage of supply then surely the price of bitcoin will increase.

[guoyu78]

If you are asking for short term rise and fall of the price then it is totally unpredictable, no one knows that in the coming hour what will be the price so try to learn other features of trading and while trading you will have to wait and will have to see that your luck favor you or not.

[JumperX]

i think no one can know that. because it is not fixed. it depending on demand and supply. if the demand increased and there is a shortage of supply then surely the price of bitcoin will increase.

Yeah and if people will start buying again then we can expect higher price in next few days, but there is no guarantee that price will rise as its impossible to predict anything.

[Strongkored]

Since BTC price is important when it comes to trading, how do we know whether its price if going to slightly drop or go up a bit within the day?
I feel like I need to learn this while i get to now be trading altcoins regularly.

I used to use fundamental analysis which can be obtained from news sites like coindesk and others. But if possible I was often watching the price other market and follow the market.

[richardsNY]

Unless you're a market mover yourself, there is no way to know which way the market is heading to. You can however make use of the repetitive nature of the market lately. The price goes up and down like $10-$20 on a daily basis. It's easy profit for a fairly experienced trader.

[The Sceptical Chymist]

Like, this is the most basic question in all of trading--and if anyone really knew the answer it'd probably be illegal.

Dude, you can't know.  No one knows.  There's no way to know unless you're an enormous whale, and then you can splash the price around all you want.  Certain shitcoins work like that, but bitcoin is way too big now.

[Ulloa]

To be honest I do not know when the Bitcoin is going to rise or is going to drop but I just keep track of it everyday because then I know what is is going on.
But when it will happeb you cannot predict that.

[Snorek]

The only way to predict price changes is pay attention to bitcoin related events:

- new BTC protocol upgrades will hit us? price will most likely will go up

- new hyped exchange, service or shop will accept bitcoin - price up

- exchange hack, legal issues, problems with bitcoin network - price down



But then we have moves behind the scenes:

- pumping, dumping schemes of whales

- random shifts of people's attention

- bitcoin as an asset of the month kinda thing etc. and many more...

You can expect certain price shifts based on info you can see, but not everything.