Quote from: Ludmilla_rose1995 on Today at 11:07:53 PM

Quote from: wheelz1200 on March 03, 2023, 10:56:07 PM

Quote from: Ultegra134 on September 06, 2022, 11:13:39 PM

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Crypto predictions are hilarious. There are a zillion of them and the ones thelat coincidentally hit one boasts about being able to predict the crypto market. This is one market that is dam near impossible to nail because there are so many singular factors that can alter a price trejection. They are rediculous and just leave it as that, comedy.

I never believe in any of the predictions related to crypto prices, because the majority are based on guesswork and not technical analysis. however assets that have prices based solely on hype, must be avoided so as not to cause losses in the future.

actually these price forecast guys make price forecasts based on technical analysis, the problem is that they make strange drawings on the charts and draw conclusions that the price will go up a lot in 1 year, I suppose they put candles from 1 month, and this way it is possible to see the price movement for 1 year, for example:

based on the 1 month chart if the price breaks $23,500 it could reach $32,000 and if it breaks $32,000 it would easily reach $39,000, the forecast is not something with 100% certainty, so it has errors, sometimes if it is right and in others it is wrong, but using technical analysis it is possible to reduce errors in price forecasts, unfortunately we are not in a good economic situation worldwide and this has affected the price of bitcoin