How do you come up with reliable predictions for prices?

[esinka1903]

I've seen a lot of you looking at Bitcoin charts and trying to predict prices. Do I have to remember certain rules or be really good at technical analysis to make accurate predictions? What tools or methods do you use to predict prices? I have enough time and I'm excited to learn the strategies you suggest so I can understand the market better.
https://bitcointalk.org/index.php?topic=1493.0
I have seen some suggestions under some headings but they are too technical for me,(like this thread https://bitcointalk.org/index.php?topic=1493.0) Do you have more beginner level suggestions?

[BitMaxz]

Why not start to learn how to read candlesticks? That should be the first thing you need to learn for technical analysis to predict the next price movement you can check this link below

- https://academy.binance.com/en/articles/a-beginners-guide-to-candlestick-charts

Also, I suggest to join on Binance Academy because they have lots of strategies that you can learn.

Another source is where you can start to learn how to trade is this link below you can almost see all tools there free and paid and they do also have lots of courses that you can read for free.

- https://github.com/SpiralDevelopment/Awesome-Crypto-Trading

Once you learn from that source don't forget to test the skills and strategies on the trading simulator(listed from that source for free)

[noorman0]

-snip-
Do I have to remember certain rules or be really good at technical analysis to make accurate predictions? What tools or methods do you use to predict prices?

You don't have to remember that but evaluate, those indicators only contribute a few percent of accuracy, nor will they guarantee you trading success. So there is no method that we can suggest to you, using the same method does not always give the same outcome for every trader.

You have to combine several trading guides besides mastering some technical analysis, it can be like risk management and emotions.

[OcTradism]

I've seen a lot of you looking at Bitcoin charts and trying to predict prices. Do I have to remember certain rules or be really good at technical analysis to make accurate predictions? What tools or methods do you use to predict prices?

Trading is not predicting price. You can not put your capital into risk with your prediction or predictions from any source.

I have seen some suggestions under some headings but they are too technical for me,(like this thread https://bitcointalk.org/index.php?topic=1493.0) Do you have more beginner level suggestions?

Very basic
Support and Resistance
One of the Best Weapons in Trading
[LIST] Demo Trading Platforms. You can learn about trading and test your knowledge with Demo Trading platforms.

[348Judah]

Do you have more beginner level suggestions?

Here are my little suggestions i will like to offer you.

1. Don't trade without having the background knowledge of how to start one, let bitcoin be your first digital currency you could start with and try give your time in learning about trading before you start any, trading is as simple as when you understand the way it's een done, this will avoid you from running under loss while trading.

2. Try as much as possible to learn the trading patterns and make sure you have a good time with learning them, also know how to read the weekly candles and study the chart along as well, make sure you don't make use of trading bit because they are not hundred percent effective but you can rely on your chart indicators for that.

Here are additional information you may need to learn about bitcoin trading.

new to trading?
https://bitcointalk.org/index.php?topic=5446799.msg61999785#msg61999785

Lastly try to move your thread to trading discussion board.

[tabas]

Do you have more beginner level suggestions?

Reading might be boring for you if you'll go along with those beginners tips and guides so I suggest you to watch some educational videos on how to start trading. I wouldn't give any channel so it's up to you on what will be results by entering these keywords that you've already mentioned.
But if you're up for reading materials, aside from the ones that were being said. You can see a lot of them made by exchanges just like what's mentioned by bitmax that's being done by binance. Combining all of the resources that you can gather here is likely good enough to start with.

[Hyphen(-)]

I've seen a lot of you looking at Bitcoin charts and trying to predict prices. Do I have to remember certain rules or be really good at technical analysis to make accurate predictions? What tools or methods do you use to predict prices? I have enough time and I'm excited to learn the strategies you suggest so I can understand the market better.

People who believe in Bitcoin price predictions utilize good technical analysis to evaluate the market and anticipate what price Bitcoin will be at some point in the future, but how reliable are they?

All Bitcoin price prediction experts have failed because they did not see the extended bear market coming; most of them have remained mute for the time being, focusing on the market's direction.

I recommend that you invest in Bitcoin for the long run rather than trading with predictions that may fail to meet your expectations.

[stompix]

Do you have more beginner level suggestions?

Get a hamster:
https://www.npr.org/2021/09/25/1040683057/crypto-trading-hamster-goxx-warren-buffet-s-p-500

His portfolio is up nearly 20% since he started trading in June, according to his Twitter account. And as of Sept. 12, Mr. Goxx was performing better than Bitcoin, the Nasdaq 100, Warren Buffett's Berkshire Hathaway and the S&P 500.While Mr. Goxx's methodology is random at best, it does remind us that where people get their financial advice from is certainly changing.

I've seen a lot of you looking at Bitcoin charts and trying to predict prices.

And how many have you seen actually managing to beat what 100 random guesses in a row might yield?

[Ronsbit]

I would say from the best of my knowledge, no one can give accurate predictions on bitcoin movement as it is highly volatile. Anyone talking about predicting bitcoin to you is misleading you. You can only follow the market trend and trade to collect profit as a smart trader but no having high hopes on some ones predictions.
As a newbie into the system, it is advisable you know candlesticks first as these are the basics in trading. As i can see, there are lots of links already given here for you to learn with which is highly commendable to start with.

[Upgrade00]

I would say from the best of my knowledge, no one can give accurate predictions on bitcoin movement as it is highly volatile. Anyone talking about predicting bitcoin to you is misleading you.
<snip>
As a newbie into the system, it is advisable you know candlesticks first as these are the basics in trading.

You're contradicting yourself here. Candlesticks are basics of trading used to predict the outcome of the market, so saying predicting the market is not possible and still recommending they start with candlesticks is contradictory.

[hatshepsut93]

There's no way to reliably predict the price. If there was, there would be millionaires and billionaires who got rich from speculative trading. There are no such people known to the public. Warren Buffet got rich from investing, but his method is based on analyzing businesses and markets. This is not applicable to Bitcoin and crypto. If you tried to do it, you'd reach the same conclusion as Buffet - that crypto is useless. Most of the people who got rich through crypto are just those who held for a long time and enjoyed the recent rides.

[Faisal2202]

Do you have more beginner level suggestions?

TBH, trading needs knowledge and you mentioned the threads you read before contains, difficult terms and you wanted to read beginner-level, but as i said knowledge is the key. I think you want to learn from a series, like, one by one in which crypto terminologies are interconnected and could teach you how to trade in a sequenced way. Well, from this, i think you want a series, and here is one made by Hamza2424 and he is still working on it:

• New to Trading - Tips and Suggestions (V1) Getting Started

He almost wrote 4 to 5 topics on trading so that newbies could understand the most used terminologies easily. And still, if you want to get a general overview of things that could help you to understand which types of things are necessary and which are not. Then you should give a glance at these threads:

• Beginners Should Follow These To Be A Good Price Predictor
• What are the steps in understanding technical analysis?

--> You need to read the full thread just in case, the OP made some mistake and the correction will be in replies by other members then.

[ImThour]

I have always believed that Bitcoin is in a similar structure and cycle since 2009. Each 4 years, it plays exactly similar price action and that's how I was able to decode the big down move in 2022 which was from $40k to $20k. I already made post that my target price will be 200 Weekly Moving Average which was somewhere at $21.5k. And that's what happened, it even went down from there and prices below $20k were just a bonus or you can say a dream for those who wanted to Buy Bitcoin at cheap.

[kamvreto]

For the beginner level,  you need to learn what is the basis of trading knowledge and what are the terms. You can find it on several YouTube tutorials or websites that provide technical analysis tutorials for beginners. People who are truly skilled in technical analysis do not guarantee that they will be correct in making predictions, there will be some mistakes because the market cannot be predicted 100%. Some speculation and FUD will affect the crypto market so the trend will change easily. Listening to some technical advice will certainly confuse you, but you should try to start with basic knowledge first. it will be important to be your main guideline.

[Taskford]

I've seen a lot of you looking at Bitcoin charts and trying to predict prices. Do I have to remember certain rules or be really good at technical analysis to make accurate predictions? What tools or methods do you use to predict prices? I have enough time and I'm excited to learn the strategies you suggest so I can understand the market better.
https://bitcointalk.org/index.php?topic=1493.0
I have seen some suggestions under some headings but they are too technical for me,(like this thread https://bitcointalk.org/index.php?topic=1493.0) Do you have more beginner level suggestions?

Don't expect to much especially when thinking about accurate prediction since there's no such thing exist. There are just hints provided by technical tools that we can use but it doesn't guarantee anything. Maybe best to learn on your own experience since you can develop a skills just for that. And also avoid reading false claim telling that they can give you 100% sure profit since this is shady statement to take. Try to track back past informations especially the Bull and bearish condition to know more about trading in different situations.

[Timmzzy]

I've seen a lot of you looking at Bitcoin charts and trying to predict prices. Do I have to remember certain rules or be really good at technical analysis to make accurate predictions? What tools or methods do you use to predict prices? I have enough time and I'm excited to learn the strategies you suggest so I can understand the market better.
https://bitcointalk.org/index.php?topic=1493.0
I have seen some suggestions under some headings but they are too technical for me,(like this thread https://bitcointalk.org/index.php?topic=1493.0) Do you have more beginner level suggestions?

The crypto market is unpredictable honestly, like for a second lets say you take a trade and yeah every thing way going just smooth for example and the next thing BOOM its going againts you, and you will be like WHAT DA F...CK, now thats the MARKET MAKERS doing their shitty deals, so what i will also add here is try not to be in trades when we have VOLATILE NEWS on that day. For you to get this news try using this link HERE: https://forexfactory.com

[Z390]

It's something you don't want to f with man, just accumulate in a bear market and sell in a bull market, if you are into trading find good trading tools that gives you signals when to buy and sell but you will lose a few times but you win more.

Don't rely on predictions, just take advantage of dips in the market price and wait for rebound in price to take profit, the bitter truth is there is no accurate predictors in crypto space.

You can only take advantage of market news, you know, buy the rumor sell the news type of trading, when a bad news is released the market will react to it and dump, if you are good at trading you can make some cool money this way.

[Agbe]

To understand the movement of Bitcoin market is not something one can learn in one day and to give reliable prediction is not easy. Everyone gives their speculation and leave then if the market moves to your direction you win and if the market moves to the opposite direction you loss. If there is a specific person who gives the reliable prediction.on Bitcoin, everyone in the forum would have listen to the person and get the accurate movement of Bitcoin and for that traders would have making more gain but the price is unpredictable. Everyone make a guess work. But you can still use news, some expert in the field.

[YUriy1991]

Do you have more beginner level suggestions?

What is certain is that each person's strategy is different, some are advanced and some are not. Those who are good at looking at charts already know where the market will move without depending on negative news and the sentiment that is born towards BTC.

Well, for those who are not yet proficient, I think this is enough to help you in reading the market, but the theory that you have learned and have read is also juxtaposed to make it even more accurate If the reading this picture may be reversed if the Tweezer-top arrow means the price will go up and the Tweezer-bottom is marked a decline.

So, that's the basic formula I think, so, you willbe know when you enter and when to leave market, But, these are signs for short-term players. Just my assumptions. but you can see either now or later when you trde. If anyone adds, they are welcome so that those who have recently become better and educated in BTC trading later.

[Nwada001]

It's something you don't want to f with man, just accumulate in a bear market and sell in a bull market, if you are into trading find good trading tools that gives you signals when to buy and sell but you will lose a few times but you win more.

This is just me; I always find it difficult and hard to give myself time to learn and read through charts in order to make some coin price predictions. It always confuses me and drags me down to zero.

But I don't think that's actually the right thing to do. Sometimes one doesn't just need to depend on trading tools that give out free signals on when to buy and when not to buy; learning a few things on how to do it yourself will not be a bad idea, so I wouldn't discourage the OP from learning the basis. It's his choice.

For now, I buy at whatever my mind tells me is the right time to enter the market and hold for a long time until I realize profit; that's when I call it my selling point.