Do you use any indicators to predict Bitcoin price movement

[beerlover]

I don't think if any here in bitcoin community could predict the price of bitcoin movement even the experts on the law of supply and demand have no idea on how to predict. The best way is to monitor the value of bitcoin from time to time. As the performance of the bitcoin this year is very tremendous unexpectedly, hoping to increase as wish by many to have a profit.

No one can predict accurately the value or price of bitcoin but you can use trend reversal signal indicators and some other few indicators like MA to know how to play the market to your favor and profit. It is not ABC, but at least if you know how to use them very well, then you can really do well in your trading.

Most of these indicators have to be mixed anyway to get the best out of them, so you have to learn as much as you can. In my experience, combination of more than one indicator always works better for accurate predictions as it will be based on more confirmations.

[1715243968]

1715243968

[1715243968]

1715243968

[1715243968]

1715243968

[1715243968]

1715243968

[1715243968]

1715243968

[BubblegumBob]

Honestly, I don't use any indicators as I suspect that the movement of bitcoin is mostly due to sentiment, rather than the practical nature of the technology.

The trend appears to be as follows;

1. Headlines promoting a new bitcoin high make the rounds as bitcoin nears a new peak
2. New investors notice these headlines, and invest out of sentiment
3. The influx of new investors causes demand to outstrip supply, meanwhile exchanges struggle with the loan, further increases scarcity.
4. More headlines appear and the cycle continues until exchanges cope with the increased activity
5. The price drops around 10-20% until the next wave starts again.

Best advice in the whole thread. Next up comes the "don't bother with TA too easy to be manipulated." I will go in the direction of finding news and considering emotions. It'll be fun. Thank you bud!

[hitrawal91]

Yes i do use many indicators both technical and fundamental indicators in order to predict the bitcoin price movement, something like RSI,Bollinger bands, Volume price analysis, Price action, and ADX by which i have mastered the trading skills. Bitcoin price movement is not a easy job for me without these indicators. Along with these indicators, i also track about daily bitcoin-related activities so that i don't miss the fundamental factors that influences the bitcoin price movement and by this way, I predict the bitcoin movement.

[sebastianpenguen]

I use only MACD indicators to predict bitcoin's future prices in next steps. It works generally but this works well if and only if there is no external market news coming about bitcoin. I mean it should be a silent atmosphere.

[Cryptophorus Columbus]

Well, even if the cryptocurrencies market is very dinamic and in a lot of situations completely unpredictable, I saw that usual fundamental and technical analysis help very much to take good decisions. (surely, better than by gut...)

[hydeevanz]

Hey, let me open by saying Bitcoin is not stock as I know people will respond in such. I merely use stock as an explanation point. I am in the market and real estate as well as gold. With each of these I can follow some information, though not fool proof, that can give me an idea on what a particular investment might do. I see here on this forum people actually say "think positive Bitcoin will go up". Certainly the confidence people have in btc effects it's price but staying positive is not a magic bullet. Thus far I see people's confidence, volume and news reports are the main driving points behind btc movements do you follow anymore.

I and my friends been predicting the bitcoin price movement for months and it is really hard. We've been monitoring and analyzing the market through blockfolio and it seems that the bitcoin dropping of value is not yet finished. There is lot of situations occurred these past few weeks which is one of the reasons why the market is still unpredictable.

[all_inman]

No tech analis is working. I can only use scalping and trade short term using boolinger bands

[Aryan55]

Yes, there are some applications or advice by the experts that I know; with the help of this indicators, I can make a wise decision based on the facts that I gather.
It will be a great help not just for me but to other people as well to avoid conflicts resulting to wrong decision.

hi bro, i want to know about what the application name, thanks in advance 

[nasipadang]

Hey, let me open by saying Bitcoin is not stock as I know people will respond in such. I merely use stock as an explanation point. I am in the market and real estate as well as gold. With each of these I can follow some information, though not fool proof, that can give me an idea on what a particular investment might do. I see here on this forum people actually say "think positive Bitcoin will go up". Certainly the confidence people have in btc effects it's price but staying positive is not a magic bullet. Thus far I see people's confidence, volume and news reports are the main driving points behind btc movements do you follow anymore.

You are right news about cryptocurrency can trigger the demand up or down, that's my opinion, for example when hardfort bch still long bitcoin price tends to decrease, but when ahead of HF and there is giving BCH 1: 1 bitcoin price up, correct if I wrong .

[Dontme]

Hey, let me open by saying Bitcoin is not stock as I know people will respond in such. I merely use stock as an explanation point. I am in the market and real estate as well as gold. With each of these I can follow some information, though not fool proof, that can give me an idea on what a particular investment might do. I see here on this forum people actually say "think positive Bitcoin will go up". Certainly the confidence people have in btc effects it's price but staying positive is not a magic bullet. Thus far I see people's confidence, volume and news reports are the main driving points behind btc movements do you follow anymore.

There are some investors or holders preferred to use indicators where they can predict the price or the indicator help them to predict but there are also some of the holders are much more prefered on their own skills on how they predict the price of bitcoin.

[arpon11]

Hey, let me open by saying Bitcoin is not stock as I know people will respond in such. I merely use stock as an explanation point. I am in the market and real estate as well as gold. With each of these I can follow some information, though not fool proof, that can give me an idea on what a particular investment might do. I see here on this forum people actually say "think positive Bitcoin will go up". Certainly the confidence people have in btc effects it's price but staying positive is not a magic bullet. Thus far I see people's confidence, volume and news reports are the main driving points behind btc movements do you follow anymore.

Bitcoin is not stocks but there do behave the same way and you can used your trading stocks knowledge for bitcoin trading or investment. It might see different but most times obey the same trading rules and investment! I have been using candlesticks formation in trading forex and the same thing I am using in bitcoin/altcoin trading. However we should also praise the impact of fundamentals analysis in bitcoin trading as this always couse most of the price fluctuations we do experience in the market.

[ReLieD]

I can guarantee that your predictions won't be 100 percent right no matter what . You cannot manipulate Bitcoin and decide it's price. Who knows some banker comes out of nowhere and calls Bitcoin fraud again. Then it might easily fall down and then people will panic sell Bitcoins. Also we have every right to make estimations and act according to that , but we should always be prepared for some changes in it and act accordingly.

[IgniHash]

I can say yes. It's imposible as a trader if not using Indicators. Some trader experts said, at least you have to used 3-5 indicators while trading. My personal indicators are RSI, CCI, Ichimoku Cloud and Bollinger Bands. Those indicators are enough to me for gain profits as a swing trader.

[AllCoinHunter]

I can guarantee that your predictions won't be 100 percent right no matter what . You cannot manipulate Bitcoin and decide it's price. Who knows some banker comes out of nowhere and calls Bitcoin fraud again. Then it might easily fall down and then people will panic sell Bitcoins. Also we have every right to make estimations and act according to that , but we should always be prepared for some changes in it and act accordingly.

I totally agree with your thoughts. because I am one of the many people who invest in bitcoin and also trading on bitcoins and the decisions you mention here are indeed our own choices and how those people depend on each bitcoin.

[gabbie2010]

Hey, let me open by saying Bitcoin is not stock as I know people will respond in such. I merely use stock as an explanation point. I am in the market and real estate as well as gold. With each of these I can follow some information, though not fool proof, that can give me an idea on what a particular investment might do. I see here on this forum people actually say "think positive Bitcoin will go up". Certainly the confidence people have in btc effects it's price but staying positive is not a magic bullet. Thus far I see people's confidence, volume and news reports are the main driving points behind btc movements do you follow anymore.

Bitcoin is not stocks but there do behave the same way and you can used your trading stocks knowledge for bitcoin trading or investment. It might see different but most times obey the same trading rules and investment! I have been using candlesticks formation in trading forex and the same thing I am using in bitcoin/altcoin trading. However we should also praise the impact of fundamentals analysis in bitcoin trading as this always couse most of the price fluctuations we do experience in the market.

I have been using candlesticks pattern and price action in trading stock or spot forex successfully although most of the times when using it with bitcoin it defies technical analysis however fundamental news most often propel the prices of Cryptos e.g bitcoin I think indicators might work well on long term  frame I.e  daily or weekly timeframe might not work well on shorter timeframe e.g hourly timeframe due to it's high volatility.

[mrayazgul]

Yes, there are some applications or advice by the experts that I know; with the help of this indicators, I can make a wise decision based on the facts that I gather.
It will be a great help not just for me but to other people as well to avoid conflicts resulting to wrong decision.

I do not use any indicators to determine the future price of bitcoins or altcoins , although it is recommended to use them to better understand the outcome of future value. However if you compare it with forex, we do not find much tools here in bittrex and poloniex as they have only limited indicators.

[coinplus]

Yes i do use many indicators both technical and fundamental indicators in order to predict the bitcoin price movement, something like RSI,Bollinger bands, Volume price analysis, Price action, and ADX by which i have mastered the trading skills. Bitcoin price movement is not a easy job for me without these indicators. Along with these indicators, i also track about daily bitcoin-related activities so that i don't miss the fundamental factors that influences the bitcoin price movement and by this way, I predict the bitcoin movement.

Predicting bitcoin is not that easy and sometimes you just have to make use of your discretion as you keep using the indicators. The thing is that you cannot do without them and for those who think news is all they need; they will always end up missing the most important part of a good trade which we all know indicators can only help you achieve.

Once you know what you are looking for, set an entry and exit position and stick to it as you move with the trend to help with your decision making.

[Fatunad]

Yes, there are some applications or advice by the experts that I know; with the help of this indicators, I can make a wise decision based on the facts that I gather.
It will be a great help not just for me but to other people as well to avoid conflicts resulting to wrong decision.

I do not use any indicators to determine the future price of bitcoins or altcoins , although it is recommended to use them to better understand the outcome of future value. However if you compare it with forex, we do not find much tools here in bittrex and poloniex as they have only limited indicators.

Its not really necessary for those exchanges to put up the same indicators just like what we saw on forex because they do know that TA wont really be always effective on trading cryptos but yet they do still put up the basic indicators and some tools on putting up trend lines, support and resistance TA would really be already just fine for me. Dont need for those complicated techtools.

[sofi@]

I don't think there is a reliable indicator to assess or predict the value of bitcoin or its price movement because if there is really an indicator whether the value will go up or down I'm sure investors are now millionaires because they will know the exact timing to do investments and withdrawals also no one will incurred any lose from bitcoin price dump and I don't people will ever got panic whenever theres a fluctuations

[Itjoker]

I often use MACD, RSI, Ichimoku, Stoch RSI, Awesome Oscillator to analysis and predict Bitcoin price movement.