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Author Topic: it seems to getting more difficult now to analyse cryptocurrency prices  (Read 872 times)
genievic23
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October 07, 2020, 12:48:50 PM
 #21

hm,.. whales can predict what will happen, lol, they are the market movers so for sure they know when to get out and sell before anyone else can. And that's sorry for us anchovies, lol,  only few can really predict how the whale thinks. As they all say, just buy now while the market is red or invest on a project that's really good. I've heard that NFT's will really be the next trend, one project I have my eyes on now is KittieFIGHT. You should check it out too.

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Johnyz
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October 07, 2020, 12:57:48 PM
 #22

Even if its impossible to fully analyze the market you still have to do your best so you wont lose the money. This is a big challenge for everyone who are sacrificing many things on cryptomarket so they can get their target goal. The volatility is normal and we can’t stop it especially in cryptomarket, you have to follow the trend as much as possible.
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October 07, 2020, 01:38:04 PM
 #23

it supposed to be easier to predict now because coins are rarely moving . me and my friends predicted that price of btc will be on the same range and we were right  . we did this before but i remember that many times we failed to predict the price because prices before are not staying on one level .

Quote
you can read the charts and analyse before it use to be went according to analyses but now it look like the market can any ways
you are lucky that your analysis came true but analysis can sometimes gone wrong . thats not how things work because if it did , no one are going to  loose in trading and investing but im not telling you to stop using analysis as they can still be helpful than using no tools at all .
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October 07, 2020, 01:45:29 PM
 #24

so its getting more difficult to analyse prices do you guys dont think that market is more un predicteble then before?
you can read the charts and analyse before it use to be went according to analyses but now it look like the market can any ways



is so what could be the reasons?what have might caused this ?? have anyone here noticed same thing?
Holding and waiting for the price to go up and up is not an efficient strategy recently. Bitcoin and cryptocurrencies are not as volatile as they were in the 2017 and therefore, many people do not know how to make money with them anymore. IN my opinion, there are still many ways for us to generate money actively with bitcoin on an exchange or broker. That means we need to put more time and efforts to learn and observe knowledge. Trading in an oblivious way can lead to failure and it can easily corrupt your capital  Angry Angry

Making money is never an easy thing to do. But all of us can do it if we work with a decent and serious attitude
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October 07, 2020, 01:55:38 PM
 #25

so its getting more difficult to analyse prices do you guys dont think that market is more un predicteble then before?
you can read the charts and analyse before it use to be went according to analyses but now it look like the market can any ways



is so what could be the reasons?what have might caused this ?? have anyone here noticed same thing?
When it was predictable to say the prices of cryptocurrencies are getting unpredictable now, every kind of analysis gives knowledge about somewhat but it will be never possible to estimate what will be the accurate price movement of it.
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October 07, 2020, 03:13:45 PM
 #26

Nowadays the market is getting more and more volatile and unexpected prices are always happening. It is very difficult to analyze the market as it is today. Many FUDs have sprung up and added with the positive trump news of COVID, the market is getting worse.

many causes. As a trader, I only predict the trend forecast that will occur in the future, even though it is not very accurate, but we still have a picture of the state of the market.
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October 07, 2020, 03:32:35 PM
 #27

so its getting more difficult to analyse prices do you guys dont think that market is more un predicteble then before?
you can read the charts and analyse before it use to be went according to analyses but now it look like the market can any ways



is so what could be the reasons?what have might caused this ?? have anyone here noticed same thing?

The bear market are usually a season of irregularities, and this is why learning trading, mastering strategy and ability to adjust to market conditions makes a good trader.

As a trader, you should know when to avoid the market, when to take a rest or when to enter a trade. This unique features are what is gonna make trading easy for you
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October 07, 2020, 05:02:28 PM
 #28

The top cryptocurrencies should be fairly predictable by just looking at their trends and with required data.
I think one of the ways to succeed as a trader is to just keep buying important dips(without risking too much) and sell for profits when price goes the opposite way. This is probably what bots/automation can do for you better if you don't want to sit infront of the screen all day.
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October 07, 2020, 05:03:16 PM
 #29


you have to follow the trend as much as possible.

This is why loses is much because to find exact trend is not easy. The market of cryptocurrency is difficult to adapting. Most people depend on luck because you buy to hodl and before you wake up things have changed, except you pend a buy that is how you can follow that trend.
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October 07, 2020, 05:04:23 PM
 #30

Nothing is certain in cryptocurrency, sometimes even guesses that are already trusted can be wrong.
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October 07, 2020, 05:30:13 PM
 #31

No one can predict the market price in an accurate way. You always have to trade with the market movement, if you want to trade short term. Because the trend of the market is the most important thing. If you trade against the market trend, then you will make sure loss. If you can follow the market trend and trade, you can make a good profit in a very short time if you are trading at margin.

I don't rely too much on technical analysis, because often the market changes the trend for fundamental reasons.

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beerlover
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October 07, 2020, 08:09:45 PM
 #32

It is not getting harder to analyze it, it is getting harder to profit due to stabilization and that is why people do not profit as much as they used to. When bitcoin goes from 8k to 12k it is easy to make a profit, when it goes from 12k to 8k it is easy to lose money (or maybe short futures and still profit) but when it moves between 10.4k and 10.8k and doesn't go beyond 11k or below 10k that means you are not going to make that much profit from trading within that range unless you go 100x leverage on that.

So, that means analyzing is still the same, there is nothing that changed with that, it is still quite easy to do that as long as bitcoin moves, the problem doesn't lie with how you do your TA, it lies with not getting any more returns from your analysis.

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Kasabus
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October 07, 2020, 10:46:36 PM
 #33

It is not getting harder to analyze it, it is getting harder to profit due to stabilization and that is why people do not profit as much as they used to. When bitcoin goes from 8k to 12k it is easy to make a profit, when it goes from 12k to 8k it is easy to lose money (or maybe short futures and still profit) but when it moves between 10.4k and 10.8k and doesn't go beyond 11k or below 10k that means you are not going to make that much profit from trading within that range unless you go 100x leverage on that.

So, that means analyzing is still the same, there is nothing that changed with that, it is still quite easy to do that as long as bitcoin moves, the problem doesn't lie with how you do your TA, it lies with not getting any more returns from your analysis.
Analyzing the market price is still the same but we need to have more skills and strategies so we can cope with this unpredictable market ever since. Making profits in crypto trading is really hard but if you know how to drive the market whether its bearish or bullish, you will definitely end up making profits along with your good technical analysis and of course perseverance.

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October 07, 2020, 11:45:36 PM
 #34

For 3 years in the cryptocurrency world, this year the market is very difficult to predict, because there are so many unexpected
events that make the market difficult to predict. What is most surprising is that the COVID19 pandemic which originated in China
has had an impact on the world economy. so indirectly the crypto market is also affected. Then with the hype DeFi projects creating
a new trend in the crypto world, this also makes price movements in the market difficult to predict. So be careful investing in crypto,
do analysis and research well. So it is not wrong to choose coins for investment.

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October 09, 2020, 09:52:48 AM
 #35

so its getting more difficult to analyse prices do you guys dont think that market is more un predicteble then before?
you can read the charts and analyse before it use to be went according to analyses but now it look like the market can any ways



is so what could be the reasons?what have might caused this ?? have anyone here noticed same thing?
This is not something new, right from time the market has been a hard to predict, or does it used to be easy for you to analyse and predict before? I have only seen few people predict the market correctly, and only a few times, and those people were never able to predict the market again.

So, it’s always difficult to predict, and it requires a lot of hard work before you can arrive on something close. Sometimes you can even make a prediction of where the price would be heading to, and some events will happen and the price will the opposite. So like I said, were you able to be predicting the market’s future easily before?
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October 11, 2020, 03:45:30 PM
 #36

In trading, there is a saying that goes "Trend is your friend". In other words, always trade only when the market has started trending either upwards or downwards (for margin traders). When there is a breakout and the trend is on, it is easier to open positions and make profits in a few minutes or hours without having to get rekt but if the market is moving sideways like it is right now, things get unpredictable because it's hard to know when or where the next break out is going to happen. At this point even technical analysis is not of much help because big players tend to set up bull or bear traps.
But only trading when there is a trend is a waste of time, when the price is ranging the price has a tendency to not go below a level and to not go above another level and when that happens you can use a ranging strategy, basically a strategy designed to take advantage of the ranging conditions on the market, if your strategy is well designed ranging markets can be incredibly profitable as they can produce consistent profits which bull markets cannot produce especially if you use leverage.

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October 11, 2020, 04:12:13 PM
 #37

It has been this way for the past few years. At least for me anyway  Tongue . The market always goes in the opposite direction.
We should be wise enough to change our strategy as per the trend. The market is unpredictable because there are many whales in it who keep manipulating the price.
Also, there are many people in the market who panic buy/sell listening upon rumors. So even that contributes in the unexpected surge in price.

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October 11, 2020, 04:22:31 PM
 #38

-snip-
One thing you must remember. Market always changed (including price & habits). Many factors come into play. Regulation, political policies, futures market, acceptance, FOMO, large number of coins, DEFI, and etc.
Market can changed (move) as they like. And we, as traders, can only adapt to those changes.


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October 11, 2020, 09:49:20 PM
Merited by ultrloa (1)
 #39

-snip-
One thing you must remember. Market always changed (including price & habits). Many factors come into play. Regulation, political policies, futures market, acceptance, FOMO, large number of coins, DEFI, and etc.
Market can changed (move) as they like. And we, as traders, can only adapt to those changes.


This isnt applicable to Cryptocurrency market but also in other markets as well specially the traditional ones where there are lots of factors that can really affect its price and to think that
marker is always been unpredictable neither both centralized or decentralized ones.

Come to think if the market is predictable or not hard to analyze then all of us would really make out money easily.Its all random and there are indeed times where it do shoots up
and sometimes it do move sideways for long time and also theres a bearish time.

As a trader, i do agree into your sentiment that we cant do anything about it but to adapt on whats gonna happen.

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October 14, 2020, 09:27:01 PM
 #40

It has been this way for the past few years. At least for me anyway  Tongue . The market always goes in the opposite direction.
We should be wise enough to change our strategy as per the trend. The market is unpredictable because there are many whales in it who keep manipulating the price.
Also, there are many people in the market who panic buy/sell listening upon rumors. So even that contributes in the unexpected surge in price.
If this is happening to you constantly then it is time to rethink your strategy, the most important thing to do is to set very specific rules about when to enter or get out of the market and then backtest what you are doing, if you obtain negative results then do the next reverse your system, buy when your system tells you to sell and sell when it tells you buy, what happens when you do this? Some systems still present losses which means the whole system is wrong and needs to be discarded but sometimes you will see the system now becomes profitable, why is this? This is because you were being manipulated by the whales to move in a certain way and now you are not responding to this and can finally begin to obtain profits, do this backtest and see what you get out of it.

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