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

[Wiwo]

This thread is born out of the fact that at this time last week, i was speaking with another bitcoin price analysts and speculator, i then made comments that this week is going to be another bullish week at that time the price of Bitcoin was around 118k-$119k, based on my analysis we are supposed to see that price as the lowest that bitcoin can go and a much discounted price, based on my speculations, the price was to revart back to at least 123k or even heading towards $125k making another all time high.

But at present bitcoin is corrected back to around 116k+ which is opposite my speculated price, between still a good discounted price for those that have the extra cash to spare.

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

For me both weekly or two weeks price predictions can end you in a profits position, if the market play out in your favour.

[Mrbluntzy]

After my analysis has been made, I avoid believing totally that price must end up how I predicted it, I still have some skepticism despite being confident of the prediction. I do this because I know that bitcoin price does not respect prediction most of the time, based on someone's prediction they can suggest bullish and it can go bearish, that's why I just expect that anything is possible, as price could do quite the opposite.

[Ndabagi01]

I don’t look at the market in a weekly perspective, that looks a little bit high for me to ascertain what the direction of the market will be. I just take a look at the market on a lower time frame and predict what the market value could be after some time, just like day trading in the market. Those weekly projections to me are mostly for long term investors and investors looking for a position to enter the market, and maybe probably long term traders. So I don’t look at the market from that far angle and I don’t get frightened by the volatile nature of the market.

[EL MOHA]

But at present bitcoin is corrected back to around 116k+ which is opposite my speculated price, between still a good discounted price for those that have the extra cash to spare.

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

For me both weekly or two weeks price predictions can end you in a profits position, if the market play out in your favour.

I usually only use weekly time frame to actually analyze the market when I am actually looking towards long term returns of like a month or more, but when I wish to analyze the weekly trend of the mark I usually just do top down analysis with the weekly time frame been my top time frame and 1 hour been my lowest time frame, this way I am usually able to see the internal structures very well which basically adds to my confluence better.

But using only the weekly time frame to actually analyze the market and expect the market result in a week usually doesn’t go well because you might be missing those internal structures which the market might be obeying for almost a week. For example the external structure for the week should have had lows like $112k, $118k but internally they were support/resistance levels at $116k prices. So when doing analysis I usually prefer the top down analysis method

[Cryptohygenic]

For me both weekly or two weeks price predictions can end you in a profits position, if the market play out in your favour.

You are right but that sounds more interesting to traders not for Investors. I am either not on the short term target but if I ever have interest, it should be to buy more and keep hodling.
If you look at the market behaviour now, you seem partial right that the market was going to be bullish by the week because it seems we are on the recovery phase just after the bottom price at $112,000 earlier the week and at this moment is $117,000.  Let's watch what between now and next weekend has because the uptrend could be bullish were we might see the new Ath. Then you might probably not be so far from the truth but then we have to watch the market uncertainties unfolding with good fate.

[JeffBrad12]

If you are trading bitcoin. You gotta do the work and analyze on all time frame. It's better that way since you can deduct the whole information about the state of bitcoin. You can even see the major resistance that way. Doing just 2w or 1w seems only work if you trade for long term.

If you usually open a trade that lasts few days or even a week. It's better if you observe the lower time frame as well such as daily. You just gotta get all the information available to increase the odd when it comes to trading.

[yhiaali3]

In my opinion, the big mistake some traders make when analyzing Bitcoin weekly is to focus solely on technical analysis without considering the economic and geopolitical factors affecting the market. These factors may surprise and change the market direction.

Many times, as in your case, I expect the market to be bullish, only to be surprised when it reverses and turns bearish due to a major economic or geopolitical event that impacts the price and leads to a decline.

[coolcoinz]

But at present bitcoin is corrected back to around 116k+ which is opposite my speculated price,

That's because you did TA for bitcoin and what dragged bitcoin down was external factors.

You did a good TA, it's not your fault. It's like building a house to withstand all the environmental disasters like floods, hurricane, telling everyone that it's completely safe... and then a plane crashes into it.

Bitcoin should have went to a new high, but US FED kept rates high, the stock market went into panic mode and sold off and ETFs are children of Wall Street and followed the pattern. People holding bitcoin did not care about it, but funds did and that was enough to postpone the rally for a new high.

[Frankolala]

In my opinion, the big mistake some traders make when analyzing Bitcoin weekly is to focus solely on technical analysis without considering the economic and geopolitical factors affecting the market. These factors may surprise and change the market direction.

Many times, as in your case, I expect the market to be bullish, only to be surprised when it reverses and turns bearish due to a major economic or geopolitical event that impacts the price and leads to a decline.

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.

[philipma1957]

This thread is born out of the fact that at this time last week, i was speaking with another bitcoin price analysts and speculator, i then made comments that this week is going to be another bullish week at that time the price of Bitcoin was around 118k-$119k, based on my analysis we are supposed to see that price as the lowest that bitcoin can go and a much discounted price, based on my speculations, the price was to revart back to at least 123k or even heading towards $125k making another all time high.

But at present bitcoin is corrected back to around 116k+ which is opposite my speculated price, between still a good discounted price for those that have the extra cash to spare.

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

For me both weekly or two weeks price predictions can end you in a profits position, if the market play out in your favour.

thinking that weekly predictions are of any importance at all would be the biggest mistake you can make.


They are for fun and entertainment that is it.

Just remember one thing

BTC has been perfect for profit on every 10 year hodl ever done.

[SmartGold01]

The market is always very hard to be predictable and most times not what you think is what the market would result to, therefore I will advise you to trade what you see and not what you feels/think. As we know, the market has been facing a serious resistance  pushing back price to $113k, although historically I it's proven that month of August also has slight bull but not a potential one. So as trader it's always important to follow the market trends and not trading against the trend otherwise you could suffer some loses.

[sunsilk]

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

Weekly basis isn't going to work for me as a holder. For traders, this might work if they have some time of checking their entry and if they have to take some profits.

Zooming out the charts and looking from the interval of months is the best outlook for long term holders. But for short term holders, weekly is fine.

For me both weekly or two weeks price predictions can end you in a profits position, if the market play out in your favour.

If that works for you, that's good. Because whichever timeframe that works to you whether bi-weekly or weekly as long as you're getting your position, that's the best choice.

[GreatArkansas]

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

For me both weekly or two weeks price predictions can end you in a profits position, if the market play out in your favour.

What I expected last week was that Bitcoin would drop by a small percentage, especially with the tariff deadline in the USA. But it just bounced and was unable to reach $117,000.
Well, I'm still bullish midterm-long-term for Bitcoin.
That's my weekly price prediction only, these current levels for Bitcoin are safe bulls for me.

[Webetcoins]

What I expected last week was that Bitcoin would drop by a small percentage, especially with the tariff deadline in the USA. But it just bounced and was unable to reach $117,000.
Well, I'm still bullish midterm-long-term for Bitcoin.
That's my weekly price prediction only, these current levels for Bitcoin are safe bulls for me.

Most would have guessed that it would have gone down, but it didn't and that's a big deal, I think it's quite obvious that we have have seen it go up at the least expected moment. That is not an easy thing to accept because we all assumed one thing, and another happened and we weren't ready for it.

Because of this, we need to just assume that it is not going to be that easy to handle all of this.

If we can get a greater return from guessing, that would have made us happier, but most failed. So that is why we would have preferred it go down, like we assumed.

In any case, it is what it is, and I ma happy that we are going up again, that's a very good thing because it means the market is recovering and there is more interested in the crypto again.

[Cryptoprincess101]

Making price predictions weekly is just a trader's thing, for a long-term investor you do not need any weekly price prediction because you keep applying the DCA every week and buy no matter the price. Even if you are a trader, you can only make a weekly prediction based on the market signals, if the indicator points towards a bullish trend, you might be in for a profit if you have already bought and if it points towards a possible correction then you should be getting ready to make some purchases and wait for the price to skyrocket again.

[dunfida]

This thread is born out of the fact that at this time last week, i was speaking with another bitcoin price analysts and speculator, i then made comments that this week is going to be another bullish week at that time the price of Bitcoin was around 118k-$119k, based on my analysis we are supposed to see that price as the lowest that bitcoin can go and a much discounted price, based on my speculations, the price was to revart back to at least 123k or even heading towards $125k making another all time high.

But at present bitcoin is corrected back to around 116k+ which is opposite my speculated price, between still a good discounted price for those that have the extra cash to spare.

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

For me both weekly or two weeks price predictions can end you in a profits position, if the market play out in your favour.

Do you analyse based on a weekly bitcoin price chart ir two weeks, prixe analyse?
-Sometime but not all the time. Why? Yes, you can make out some patterns when it comes to behavior or what but on the moment that you've been that dealing up with speculative market then its already that anticipated. So it will be that ideal that its better to be prepared and expect the unexpected as always but if this is that part of your analysis on trying to apply those behaviors , then it would be that up to you.

For me both weekly or two weeks price predictions can end you in a profits position, if the market play out in your favour.
-If it played out then profits but if not then it would be a loss, there's only two possible outcome on this one on which you would be needing up to adjust or go follow your analysis
and this is where it would be testing out on how well your trading analysis and skills would be.

Mistakes are common but with these mistakes then it would be that making us that more wiser and more knowledgeable as we do go forward. It all matters on how you would be finding out those things on your own and making that approach and strategies along the way on which you do seem that it would be relevant.

[Davidvictorson]

After my analysis has been made, I avoid believing totally that price must end up how I predicted it, I still have some skepticism despite being confident of the prediction. I do this because I know that bitcoin price does not respect prediction most of the time, based on someone's prediction they can suggest bullish and it can go bearish, that's why I just expect that anything is possible, as price could do quite the opposite.

I agree because as we know the volatility of the crypto market is always constant and so there are hidden or rather undetected micro factors that have a stronger influence after we conclude on our own technical analysis. Some are like when a president makes some remarks about bitcoin, or some whale account that has been dormant decides to more some large cryptos. Even when we make our predictions, it must not be rigid there should be some allowance that will enable us balance our expectations when they are not met.

[Baki202]

After my analysis has been made, I avoid believing totally that price must end up how I predicted it, I still have some skepticism despite being confident of the prediction. I do this because I know that bitcoin price does not respect prediction most of the time, based on someone's prediction they can suggest bullish and it can go bearish, that's why I just expect that anything is possible, as price could do quite the opposite.

Analyses are supposed to be like guidelines, it is not something that will give you 100 percent of what you want, and people believe that the moment you make an analysis, there is no way you lose a trade, and that is not true, and that is why people think that trading is a scam, and it is not a scam it is just that people are failing to understand. an that is why they are thinking that way, but they need to do more than enough because they take a lot of information for granted, and that is why some people call trading gambling, but they are different.

When you know how trading works, it is good that people know that trading needs a lot of focus because some people read wrong, reading, and from there speculation becomes wrong, it can affect their trade, and people who trade deserve an award. because trading is a lot of responsibility.

[mich]

Well I do not want to be too 'bullish' when I do think of a Bitcoin price. Because then if we do not see this price it will make me sad or depressed for not making alot of gains.

It is why I do not think about the price of Bitcoin for a weekly time. I am a long term hodler and do not want to make some fast profit with Bitcoin. I do not like to look at my wallet alot.

[Republikcoin.com]

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.

While weekly predictions can be considered speculation, they are also frequently used by some, including traders themselves. On average, traders are more likely to seek news that could influence the market in order to open buy or sell positions before another price correction occurs. Bitcoin is currently undergoing a price correction, and I believe market sentiment is indeed present, although this could be temporary before Bitcoin rebounds to a price not far from the all-time high it reached a few days ago.