What is your most avoidable/mistake in weekly bitcoin price predictions.

[justinlamode]

I run my Bitcoin price anysis using one hour candle since it's a weekly analysis or few days analysis. 1hr chat has all the information I need to know where price is likely going within a few days. Sometimes I do get it wrong, which is normally, but most of the time, I get it correctly and this governs my approach to Bitcoin.

[bitzizzix]

Being a weekly trader, despite its inherent uncertainty, can still be profitable if you have the skills and a good understanding of weekly movements. We can't predict exactly how much prices will fall or rise. Drops typically occur over the weekend and then rise again when work resumes, such as Monday or Tuesday through Friday. However, even then, the fluctuations are small and may not occur due to many unforeseen factors.
Weekends typically have lower trading volume and liquidity, which then picks up again during the week. In theory, people or traders would want to use the weekend to do things that require money or generate income from weekly trading, and the market will recover when everyone returns to work. And while that often happens, I personally don't want or have any interest in doing it, as profits depend on the amount of money coming in. I prefer to capitalize on small fluctuations by slightly increasing my regular purchases. If that doesn't happen, I stick to my normal purchases, with a long-term goal in mind.

[irhact]

Fundamental analysis is very important as a trader because the market reacts based on investors sentiment. A trader will always be on the watch to get latest information around the world so that, he can easily spot out the kind of news that will affect the market positively or negatively. Using weekly bitcoin price prediction is good but it's only a speculation and not reality.

We don't have to only rely on fundamental analysis but also technical analysis when analysing the market, I think both analysis can help us to get better interpretation of the market. Bitcoin market is still very volatile and can easily change from the direction that it was heading therefore, we shouldn't only rely on only one way of analysing the market. With combining the both, it's very unlikely that'll get the interpretation wrong. Analysing the market weekly is already a mistake of you ask me because it's very unlikely that you'll be capable of getting the correct readings every week. I prefer to analyze the market monthly at the minimum.

[Marvelockg]

Do you analyse based on a weekly bitcoin price chart ir two weeks, prixe analyse?

the issue with short term analysis is that the probabillity of you being accurate with it is very slim and so, you might just find yourself doing the analysis based on an emotional stand point without neccesarily being certain that your speculation will be accurate. for just an interval of a week, the price of bitcoin can tend to any direction but should generally not be your concern. if you are a long term investor that only buys once a week for instance, your only oncern should be on how to stay desciplined such that you are able to consistently buy your bitcoin for as much as possible. looking at the short term change in bitcoin price will make it look like you are trying to time the market for your next cheap buy which is not a good investment approach.

[Lanatsa]

Do you analyse based on a weekly bitcoin price chart ir two weeks, prixe analyse?

the issue with short term analysis is that the probabillity of you being accurate with it is very slim and so, you might just find yourself doing the analysis based on an emotional stand point without neccesarily being certain that your speculation will be accurate. for just an interval of a week, the price of bitcoin can tend to any direction but should generally not be your concern. if you are a long term investor that only buys once a week for instance, your only oncern should be on how to stay desciplined such that you are able to consistently buy your bitcoin for as much as possible. looking at the short term change in bitcoin price will make it look like you are trying to time the market for your next cheap buy which is not a good investment approach.

Short term analysis almost always ends up being a guessing game because the chances of getting it right are so small, and most of the time people are just reacting emotionally to sudden price moves rather than working with real certainty, in just a single week Bitcoin can move in any direction without warning, and stressing over those small shifts does nothing but create doubt and bad decisions, but if the goal is long term accumulation then the main focus should really be on building the habit of buying consistently and sticking to that discipline no matter what the chart looks like, because once emotions take over it usually leads to chasing dips or trying to time the market perfectly, and that rarely works out well, the truth is that the best results often come from staying steady and ignoring short term noise, since Bitcoin’s bigger trend has always been clearer over years and not weeks

Another important point is that looking too much at short term moves makes it easy to forget why Bitcoin is valuable in the first place, it was never meant to be a quick flip asset but rather a long term store of value and hedge against traditional financial risks, so when investors get distracted by small weekly swings they often lose track of the bigger vision, the best approach is to build patience, understand that volatility is normal, and use it as an advantage to keep accumulating instead of panicking, over time the discipline of holding strong and focusing on the long horizon has proven far more rewarding than any short term guesswork.

[Awaklara]

I run my Bitcoin price anysis using one hour candle since it's a weekly analysis or few days analysis. 1hr chat has all the information I need to know where price is likely going within a few days. Sometimes I do get it wrong, which is normally, but most of the time, I get it correctly and this governs my approach to Bitcoin.

What do you use to determine trade analysis?
I look at weekly charts just to help determine the right position to buy. My plan for my Bitcoin investment is to apply it for the long term. Predicting the possibility of price movements downward can be used to buy at the right moment.
 
Our predictions do sometimes miss the mark, as I previously thought that the decline in Bitcoin would not go lower than $115k. But currently, Bitcoin has dropped below that. So I bought at the price of $115k and missed the current price for my purchases in this period. If the price goes lower again, I will make purchases for the next period.

[Wiwo]

I run my Bitcoin price anysis using one hour candle since it's a weekly analysis or few days analysis. 1hr chat has all the information I need to know where price is likely going within a few days. Sometimes I do get it wrong, which is normally, but most of the time, I get it correctly and this governs my approach to Bitcoin.

Lately Bitcoin weekly chart reading have been hard to do with the current price decline that have continued with no resistance on sight although Bitcoin have not gone below $108k and for that we can say that that 108k is a resistance point for now as Bitcoin possibly build the required liquidity to go back up with what it used to be in the last 3 weeks when we where at a near all time price level.

[cocadalcan]

I run my Bitcoin price anysis using one hour candle since it's a weekly analysis or few days analysis. 1hr chat has all the information I need to know where price is likely going within a few days. Sometimes I do get it wrong, which is normally, but most of the time, I get it correctly and this governs my approach to Bitcoin.

Lately Bitcoin weekly chart reading have been hard to do with the current price decline that have continued with no resistance on sight although Bitcoin have not gone below $108k and for that we can say that that 108k is a resistance point for now as Bitcoin possibly build the required liquidity to go back up with what it used to be in the last 3 weeks when we where at a near all time price level.

The price of Bitcoin is currently moving in a slightly different direction than the market is moving in a daily volatile trend. The gradual price decline is making investors more nervous than the market volatility. Its price is falling down instead of rising up, but it is slow. The slowness of the price decline is frightening for investors. I agree with the idea you gave about the resistance point, but I think we will see another new level in mid-September, which is expected to be a new ATH.

[Solosanz]

I didn't make any analysis, I'm just trade whenever I like aka blind trading.

I hold Bitcoin and stable coin at the beginning, let's say I bought Bitcoin when the price was $90,000.

If Bitcoin cross $110,000, I sell some. If Bitcoin down to $100,000, I will buy some. If it down to $90,000, I will buy some.

So, I make sure that I never loss in trading, I buy at low and sell at high. It just the matter is, I could ended up become a long term holder if Bitcoin crash.