Happy New Year in advance! As we step into the new year, the world of cryptocurrency trading continues to fascinate and intimidate in equal measure. Interestingly, while AI is already solving complex problems in various industries, the cryptocurrency trading space still lacks a reliable solution for predicting price movements.
Apart from technical analysis, psychology, and candlestick patterns, I wonder if there's a simpler way to predict the possible movement of cryptocurrencies like BTC, BGB, and DOGE without requiring extensive trading knowledge. This question occurred to me because I'm interested in participating in an upcoming event where daily price predictions of cryptocurrencies can earn credits. As a newbie, can fundamentals or just basic supply & demand zones work?
Even an experiencied bitcoin trader cannot predict about bitcoin's future price with certainity. it is basically an impossible thing. these experts can only speculate and predict about bitcoin price but they are never 100% sure. so if they can't do it then how could someone without trading expertise can do it.
i don't think it is doable.
I suggest you to join the event and then read expert analysis from platform like tradingveiw etc, that would hopefully help you through the event.