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=1493.0I 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?
Well I think fir along term holder, there isn't any need to wanting to read and have any serious knowledge about technical analysis since they aren't moved by price movement in a short while, hence your questions should be directed mostly to the trading discussion board as you would likely get more engagements on your thread about this topic.
Remember what everyone does about the price of bitcoin is simply predictions and what makes people stand out when predicting the price of bitcoin is their technical knowledge about candle sticks and price volatility and with this adequate knowledge, one will be having a more preferable price prediction.
And people make predictions based on what they saw the market trend, it is a sort of market observation and is somewhat reliable. But of course, it was not made to become perfect, nobody knows exactly so even how much we spend time analyzing the market movement, if we are just a holder (not a trader) it was not necessary anymore. But still, we need for us to learn about it as this can be used when to sell after accumulations. Indeed it was more technical, so we never expect we can master it right away but our experience would help it.