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Author Topic: I dont like predicting btc price or moves but here is what i think i see  (Read 322 times)
lionheart78
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March 02, 2023, 09:46:46 PM
 #21

At the end of the day no matter how we claim that our prediction is near to accurate, it is still a guess.  I do not think someome will precisely tell the next trend of Bitcoin price.  If we look at the technical analysis approach, there is always a two-way statement which is highlighted by the word if.  And when the word "if" is involved, it means even the analyst himself is not sure about the future price of what he is analyzing.  And most of all Bitcoin had shamed lots of TA and FA which shows that Bitcoin price movements in most cases are really unpredictable.

Don't make such a mistake again buddy, a forum newbie does not necessarily mean he is also a newbie in cryptocurrency trading, I know many professionals traders who are not members of this forum, if they sign up tomorrow, their ranking on this forum is gonna start out as a brand new, to newbie, and any one with a similar mindset as you showed would take them for granted, for the reason that they are forum newbies, whereas they've been in crypto for several years.

True that I do think that @OP isn't new in the industry because he is bold enough to say that he is far better than other predictors out there.

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March 03, 2023, 12:20:32 PM
 #22

...I know many professionals traders who are not members of this forum, if they sign up tomorrow, their ranking on this forum is gonna start out as a brand new...

Name the reason why a professional trader will register on this forum. Or do you think that such a professional trader will register on the forum to share his experience and give recommendations here? I am sure that all traders know about this forum, but since they have not registered here before, it means they do not need it.

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March 03, 2023, 12:55:29 PM
 #23

...I know many professionals traders who are not members of this forum, if they sign up tomorrow, their ranking on this forum is gonna start out as a brand new...

Name the reason why a professional trader will register on this forum. Or do you think that such a professional trader will register on the forum to share his experience and give recommendations here? I am sure that all traders know about this forum, but since they have not registered here before, it means they do not need it.
They'd rather keep silent than share their ideas with people who already have a different opinion and their way of trading. Because it was not good to argue who is best or what strategies are really effective as in the end, it only lies in the hand of the trader itself, not the others. If someone gives trading advice, I don't really think it works for them. Not really sure but most successful traders are too humble and they are still learning rather than giving advice to others. They only just come out when proven themselves that they are good and expert in this field enough to educate newbies and those who wanted to learn.



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March 03, 2023, 08:34:42 PM
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 #24

True that I do think that @OP isn't new in the industry because he is bold enough to say that he is far better than other predictors out there.

It is unclear what your statements are based on. When I saw the OP bragging, I immediately remembered Portocervo777 - https://bitcointalk.org/index.php?topic=5422855.0, who also posed as an experienced trader and left the forum after several unsuccessful forecasts. And I wouldn't be surprised if Portocervo777 reincarnated in Squaremile777 and re-registered on the forum.

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March 04, 2023, 12:07:20 PM
 #25

~snip~

Judging by the style of writing (use of capital letters in words where it does not make sense), it is possible that it is the same person who has more than one alt account, because I noticed a similar style of writing in some accounts that had similar posts in Economy boards. What most of them have in common (apart from the writing style) is that they appear during the bear market, because they want to show that they understand what is happening and in some way help others to understand it.

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Squaremile777 (OP)
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March 04, 2023, 12:40:57 PM
 #26

~snip~

Judging by the style of writing (use of capital letters in words where it does not make sense), it is possible that it is the same person who has more than one alt account, because I noticed a similar style of writing in some accounts that had similar posts in Economy boards. What most of them have in common (apart from the writing style) is that they appear during the bear market, because they want to show that they understand what is happening and in some way help others to understand it.


I dont brake the rules i make them i write how i want If i want i change the wrinting rules.
Btw... Who cares nowdays anymore how you write ?
The only thing what show's something is your crypto wallet ur pocket wallet or bank account.
Anything else just the noise Smiley

We live in the fast world everyday you got to make money you need to move fast and nobody dont have time to focus on how to write as long as you understood it's all good.
Everyday we counting money and making money the Free time we have we just use it for enjoyment not for checking someones writing style.
If i dont make big load of money Im on the beach club or spa or shopping or gym or having other type of good time and fun
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March 04, 2023, 01:14:19 PM
 #27

They'd rather keep silent than share their ideas with people who already have a different opinion and their way of trading. Because it was not good to argue who is best or what strategies are really effective as in the end, it only lies in the hand of the trader itself, not the others. If someone gives trading advice, I don't really think it works for them. Not really sure but most successful traders are too humble and they are still learning rather than giving advice to others. They only just come out when proven themselves that they are good and expert in this field enough to educate newbies and those who wanted to learn.
Not everyone is like that, but a true professional trader who actually knows what they are doing will end up sharing their information  for free. Some people in the world are nice, it's their nature, if they see a way to make a profit, they will share it with others so that they could help everyone, that's basically all about that.

I have met with so many helpful people along my journey in the crypto world and all of them helped me see some things differently, some of them were wrong and misinformed and I had to pluck them out of my system, but some of them were super helpful and they did not want anything in return, just wanted to be helpful that's it.

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Squaremile777 (OP)
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March 04, 2023, 03:15:04 PM
 #28

They'd rather keep silent than share their ideas with people who already have a different opinion and their way of trading. Because it was not good to argue who is best or what strategies are really effective as in the end, it only lies in the hand of the trader itself, not the others. If someone gives trading advice, I don't really think it works for them. Not really sure but most successful traders are too humble and they are still learning rather than giving advice to others. They only just come out when proven themselves that they are good and expert in this field enough to educate newbies and those who wanted to learn.
Not everyone is like that, but a true professional trader who actually knows what they are doing will end up sharing their information  for free. Some people in the world are nice, it's their nature, if they see a way to make a profit, they will share it with others so that they could help everyone, that's basically all about that.

I have met with so many helpful people along my journey in the crypto world and all of them helped me see some things differently, some of them were wrong and misinformed and I had to pluck them out of my system, but some of them were super helpful and they did not want anything in return, just wanted to be helpful that's it.


Sometimes when too many people start to understood the game rules then the rules Will be changed and it takes time to learn new rules of the game.
That's why the smaller circle of humans knows the rules of the game the longer it will last with the Same rules  the game again.
So off course Im not interested to make it all the info to public it's my own food what i eat i did hunt this food didnt get it for Free.
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March 04, 2023, 03:30:09 PM
 #29

...I know many professionals traders who are not members of this forum, if they sign up tomorrow, their ranking on this forum is gonna start out as a brand new...

Name the reason why a professional trader will register on this forum. Or do you think that such a professional trader will register on the forum to share his experience and give recommendations here? I am sure that all traders know about this forum, but since they have not registered here before, it means they do not need it.

You cannot be so certain that many traders know this forum. You could be wrong about that, there are people who doesn't know about this forum.
In the other ways, you are also correct. The are some professional traders who are aware of this forum but do not need it as information shares here might be too elementary to them.
Besides, a larger percentage of information shared here are given so for free and professional traders who spent alot money to be what they are today might not be comfortable releasing such information for free.
A professional trader who makes real money might not be needing this forum because they are much occupied.

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March 04, 2023, 05:28:43 PM
 #30

And I think right now it is a good position to go long because BTC is on the bottom and there is a possibility that the price will go up or bounce higher next week. But if that doesn't happen, we must anticipate it by placing a stop loss so we don't suffer big losses.

In trading, we can set a stop loss to guard against the possibility of the price reversing quickly, which we cannot anticipate quickly either. And with the stop loss, the long or short position we have placed will immediately execute it and reduce the risk.
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March 05, 2023, 08:22:13 AM
 #31

And I think right now it is a good position to go long because BTC is on the bottom and there is a possibility that the price will go up or bounce higher next week. But if that doesn't happen, we must anticipate it by placing a stop loss so we don't suffer big losses.

In trading, we can set a stop loss to guard against the possibility of the price reversing quickly, which we cannot anticipate quickly either. And with the stop loss, the long or short position we have placed will immediately execute it and reduce the risk.
The uptrend and downtrend are designed to guard our decision and motive in the market. Bitcoin have a good entry if we follow the chart, because in the previous 24 hours, Bitcoin ATL was $22,198.98 and ATH $22,613.69 triggering a buy option for traders who was waiting for a good spot to enter trades on bitcoin. It's present price is $22,392.82, that means there's strong retest point that will fall back to ATL. However Bitcoin exhibit high probability of volatility and we should always map out plan B incase the chart goes different ways with our prediction. I've setup my entries because I'm confident that Bitcoin might hit a new ATL this week, the market is still bearish and there's need to apply caution when trading this period. Shorting is the best alternative but will be manage with crucial SL and TP if it hits any of the precise option.

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March 05, 2023, 01:32:26 PM
 #32

A newbie who just created an account is willing to teach people about how to predict the price or am I getting something wrong?

No matter how much good with your technical analytic skill its impossible to find the price movements with 100% with constant rate so we all have to remember the analysis is just a part amd lot of other factors affecting the price too.

BTW I won't be surprised if bitcoin falls below 20K or passes 30K in the next 24hr time frame. Smiley

All of us here are free to express opinions, analysis, and so on as long as it does not harm or hurt others emotionally. If I look at the date he made that post, after some 1 0r 2 days if I'm not mistaken, his prediction is almost close to the current decrease in bitcoin's value and recovery of its height.

So I think even if he is a newbie here in the forum it can be said that he is not a newbie in the crypto trading analysis style. I have seen a lot here that the rank of others will be long and high, but when it comes to the depth of knowledge in trading, it is not that wide, in fact, other newbies even know more about ideas and analysis when it comes to crypto trading.

.
SPIN

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maydna
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March 05, 2023, 01:53:54 PM
 #33

And I think right now it is a good position to go long because BTC is on the bottom and there is a possibility that the price will go up or bounce higher next week. But if that doesn't happen, we must anticipate it by placing a stop loss so we don't suffer big losses.

In trading, we can set a stop loss to guard against the possibility of the price reversing quickly, which we cannot anticipate quickly either. And with the stop loss, the long or short position we have placed will immediately execute it and reduce the risk.
The uptrend and downtrend are designed to guard our decision and motive in the market. Bitcoin have a good entry if we follow the chart, because in the previous 24 hours, Bitcoin ATL was $22,198.98 and ATH $22,613.69 triggering a buy option for traders who was waiting for a good spot to enter trades on bitcoin. It's present price is $22,392.82, that means there's strong retest point that will fall back to ATL. However Bitcoin exhibit high probability of volatility and we should always map out plan B incase the chart goes different ways with our prediction. I've setup my entries because I'm confident that Bitcoin might hit a new ATL this week, the market is still bearish and there's need to apply caution when trading this period. Shorting is the best alternative but will be manage with crucial SL and TP if it hits any of the precise option.
I think if you can enter the market at this price, that's also fine, even though there is a possibility that the price will fall again. And if that happens, you can place another buy order at another low price. And I have a feeling some traders came into the market when the market crashed yesterday and are now starting to see some signs of upside from bitcoin because today, the price is much higher than it was a few days ago. And there is a possibility to see the price will start to increase the next day because usually, after a decline which we know as a correction, the price will start to recover.

But indeed, I agree with you that the bitcoin market is currently still in a bearish position so we must be very careful in entering the market. Prepare your analysis in advance to determine when to enter the market, and if you have, you can place your order and wait for it to be filled.
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March 05, 2023, 10:01:41 PM
 #34

Instead of you telling people to come to you so you can educate them about how things are in terms of reading the market's next trend, I will advise you to create a dedicated thread for this and provide your market prediction because both experienced crypto market analysis and the newbies are still guessing the market next trend because they market volatility can take any form of shape which will trigger the market downtrend that there's no way you'll what impact it.

blockman
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March 05, 2023, 10:27:14 PM
 #35

I would say this it's time to stop guessing and gamble and come to me i'll teach you how it's working.
This is an open market and community and you can't stop people if many are predicting and guessing the price of bitcoin. And why should people come to you?
If you don't like predicting bitcoin then don't look at those places and sections where people have no other thing to do but to discuss about the market and their thoughts about it.
Also, you can't remove speculations and predictions from this very speculative market so if that's irritating you it's much better if you avoid the market for the meantime.

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March 05, 2023, 10:29:53 PM
 #36

I agree with you, the worst thing that may happen now is that the price drops below nineteen thousand, and then your loss will not exceed 6%, and therefore it is not a big loss, but it is a long-term entry point, as the possibility of increasing the price above 30k, which represents a good profit, you may need more of the months.

So for those who want to venture in the long term, the opportunity is now golden.

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pawanjain
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March 06, 2023, 04:27:34 PM
 #37

A newbie who just created an account is willing to teach people about how to predict the price or am I getting something wrong?

No matter how much good with your technical analytic skill its impossible to find the price movements with 100% with constant rate so we all have to remember the analysis is just a part amd lot of other factors affecting the price too.

BTW I won't be surprised if bitcoin falls below 20K or passes 30K in the next 24hr time frame. Smiley

You are definitely not wrong. We have see many experts predicting prices and still failing to be accurate in their analysis.
Here comes a newbie to teach us how to trade. Over confidence drives the balance downwards.
Crypto has shown time after time that no matter how good we are at trading, we can never be accurate at predicting crypto prices.

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Dragonfund
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March 06, 2023, 05:03:23 PM
 #38

Reason why Im opened this topic i see everywhere there is a lot panic.
The btc now in 23k zone the 24300-24500 is top.

Even the so called experts saying that we go down yes we might but we need to understood that 23k price range is lowest now.
If anything then 22300-22500 is perfect price to Open long position.

I would say this it's time to stop guessing and gamble and come to me i'll teach you how it's working.

I Also looking to connect and share ideas with people who see Same things that means you follow the Same indicators and you probably have instutional Investment education and Id like to talk with you so we both can share ideas and probably connect.


The initial paragraph of your post made me want to take you seriously, but I soon lost interest when you started blabbing about how you intended to educate others with trade. You may not be aware of the fact that every trader has a different style of trading, and that people's predictions depend on how the market feels to them. You may believe that 23k is the top, but I disagree. This local resistance can be broken with strong demand and more USDT issuances, but as of right now, I don't believe that the available USDT can surpass the previous ATH.
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March 06, 2023, 05:12:15 PM
 #39

You cannot be so certain that many traders know this forum. You could be wrong about that, there are people who doesn't know about this forum.
In the other ways, you are also correct. The are some professional traders who are aware of this forum but do not need it as information shares here might be too elementary to them.
Besides, a larger percentage of information shared here are given so for free and professional traders who spent alot money to be what they are today might not be comfortable releasing such information for free.
A professional trader who makes real money might not be needing this forum because they are much occupied.
If they are an experienced trader, chances are they already heard about this forum and maybe registered an account here but for the newly entrants, this forum can still be foreign to them. A pro trader who wants to make more (passive) money can post teasers here to entice people to join their premium group.

To @op, you are right, you don't really like predicting because your predictions aren't really good enough in my opinion but don't worry as you can still improve as long as you will keep on practicing. I don't think people are panicking now, but panic buying for the last minute may be, because there is a tiny decline and probably the last that we can see for a while.

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March 06, 2023, 08:55:34 PM
 #40

A newbie who just created an account is willing to teach people about how to predict the price or am I getting something wrong?
Newbie, or not, he has his own ideas and predictions and we can't deny that. You don't know people's background. They may be newbies here and in real life traders with 20 years of experience.


Quote
No matter how much good with your technical analytic skill its impossible to find the price movements with 100% with constant rate so we all have to remember the analysis is just a part amd lot of other factors affecting the price too.

BTW I won't be surprised if bitcoin falls below 20K or passes 30K in the next 24hr time frame. Smiley

You can make a decent long term prediction though, and you can make short-term ones that don't account for possible manipulation. Silvergate is one of such unpredictable events just like Luna was and later FTX.

I had my own predictions for the bottom of bear market and I stand by it. I think that the bottom is in and it would have been in in 22000 at the lowest if not for scammers. This is why this level is so crucial and why people lingers here for so long. 22000 is like 6000 in 2018-2019 bear market. We held on to it, went below it, back up to it and stayed there. We can still go below it but will always come back.
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