Quote from: d_nova on August 29, 2019, 05:31:16 AM

This sounds a simple question, but it is not indeed. There are a lot of trading methods claim working. Nevertheless, I wonder in general what logic these methods based on in predicting price movement.

Can anyone give me a good answer?

Thanks

Quote

What is Technical Analysis?
Technical analysis is a trading discipline employed to evaluate investments and identify trading opportunities by analyzing statistical trends gathered from trading activity, such as price movement and volume. Unlike fundamental analysts, who attempt to evaluate a security's intrinsic value, technical analysts focus on patterns of price movements, trading signals and various other analytical charting tools to evaluate a security's strength or weakness.

https://www.investopedia.com/terms/t/technicalanalysis.asp

So that's one method that speculators used to be able to predict the price movement of crypto. However, let me tell you that it is not a guarantee that those analysis are 100% correct. Others used fundamental analysis and the overall sentiments of the traders.

With that said, no single method can be used here and most of the time speculators are just making a wild and educated guess. The market is based on pure speculation that's why the price is very volatile and really hard to predict unless you have a crystal ball.