I find it frustrating when my price prediction for the market fails. I know that it is difficult to predict the market movement due to its uncertainty and also that it is not possible to consistently predict the future accurately but it still hurts when I tell it to my friends and it doesn't turn out so. In January, I had predicted that by the third quarter of the year, bitcoin would hit $35k - $40k. I hide my head in shame because right now it is struggling at $25. Maybe I should stop quarterly predictions and stick with monthly predictions. Also, how do you suggest I handle incorrect price predictions? Has anybody been here? How do you handle it?
Op, the market "Bitcoin" is not controlled by you or any entity but by supply and demand, hence making it unpredictable. all you need do as regards your price prediction in the future is to understand and have this mindset that you are only expecting what the price should do and there is no certainty that the price will always go your direction at the end of the day, So be more of a reactive trader and follow the trend (pay attention to the current market situations) to never hurt your emotion much.
I think the same as well, I understand that every single thing we do is done with the intention of things going our way, but at the same time it is impossible this will always happen, so we must learn to let things go, a single mistaken prediction is not really going to change anything as long as the strategy that we are using is a good one that has been backtested thoroughly, so with that in mind we need to simply accept that we will make mistakes regardless of how good our strategy is and how high is our skill as traders.