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?
There’s no accurate way to predict the price of Bitcoin on every trade since trading is just the result of majority decision of traders whether buying or selling which means it’s only a psychology on what will be the price movement.
But you can always use chart patterns and indicators to guide you on when you will sell or buy based on the price history of each token. Price history will just repeat the cycle in different time frame. This is the reason why using patterns and indicators is very useful for traders because this is somehow act as rule book for every traders that dictates the price.