Steemit Crypto Academy | Course By @stream4u - All About Price Forecasting. @omar2021
Introduction
![imagen.png](https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmfFBkwtmyEh53pZSrMtw293V9dxpaAggaCVTw9ZgDhydc/imagen.png)
Source
I have read your conference and I find the study interesting in relation to the most important methods to know the future of a currency, these methods can be used so that we know when the price is going down and when it is going up, this allows us to have a notion to buy and sell to have a net profit on the aforementioned, this can be done by monitoring and studying a graph, information on the internet and its movement in the market of a platform, but our study is not 100 % reliable since there are always small notes that get out of hand and the market may play against us. It is an uncertain game with possibilities to be predictable.
What Is Price Forecasting?
It refers to knowing the future price in a period of time of a currency, there are several methods to deepen and delve into the research on the future price that a currency will have, in the next point I will make a brief explanation about these methods, Forecasting the value of a currency is very important for our investment, since we can take advantage of a fluctuating market to have a monetary benefit, it also allows us to know the possible lowest point and the possible highest point through the analysis of a graph.
Discuss on why Price Forecasting is needed?
It is essential to know the future value of an asset in this case a currency, it has several ways of being realized, in the short and long term, if this did not exist, there would not be a market with financial freedom, it is very important to know how a currency in the market before investing as our money is at stake.
What Methods are best you feel for Price Prediction/Forecasting.
Currently the methods of forecasting prices on a currency are very important, and the best way to do it is through 3 specific methods, in addition to this, there are currently algorithms capable of performing this type of process automatically, both for platforms with large amounts of money invested, as for natural persons who want to trust on what their method is based on said platform to invest in a currency. The most important methods and the ones that I will focus on in this opportunity are the following.
Technical Analysis.
This type of analysis is carried out on the basis of a candlestick diagram, we must pay attention to both the volume in the market between time periods, many majority investors or so-called "whales" can have control of the resistance of the rising or falling diagram. Low, through the supply and demand of the currency is defined if it breaks these resistances, this study is carried out using several comparative and linear methods.
Fundamental Analysis.
This analysis is carried out in such a way that we enter everything related to business markets, know their strategies in the market, remember that each market is different and they always change their way of operating in the markets, but we can be guided by patterns that reveal the next move.
Sentimental Analysis.
Sentimental analysis is related to methods used by companies to destabilize a market and take advantage to invest or sell at a certain time and take care of their investments. This type of method is mostly used playing with people's minds on social networks, creating panic in people.
Take any Crypto Asset Chart graph and explain how to do Price Forecasting? OR Take any Crypto Assets Chart graph & as per its current price tell us what will be its future price for next 1 week or 1 month? You can predict for any direction up or down but explain it properly on what basis you have predicted the price.
Ethereum (ETH) value forecast. Binance.
Ethereum (ETH) history, here we can appreciate its constant rise and its corrections through the linear ascending line.
![imagen.png](https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmTq1HPoRBEXx8xvmvCy9w7nqumRd2qNuwtbmBMxzEMDmi/imagen.png)
Done by me through Binance.
Here we can see 4 points of resistance that broke it to go higher.
![imagen.png](https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmdJCBgVmDZV8ZKG1NXep1Qu2E5L1oHDk4J6HLb6oSaLy7/imagen.png)
Done by me through Binance.
Calculating the chances that its value will rise due to its permanent positive inclination, there is a possibility that its price will be around 2400 USD by May 3. To go up looking for 3000 USD.
![imagen.png](https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmSNeiQFEco56GsJcFV8MWTYLiMfFiskowd5C8v9AovNXh/imagen.png)
Done by me through Binance.
Conclusión
I can highlight in this research the good use of methods to examine a currency, through this we can define the course in which a currency will be guided and we can help ourselves with this to increase our investment ingeniously, making holds, buying at low points and selling. in high points. Thanks for your attention.
Cc.
@stream4u
@steemcurator01
@steemcurator02
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Hi @omar2021
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