Steemit Crypto Academy Season 2 Week 2 | Homework Post for @stream4u | All About Price Forecasting @alauddinpabel

Hello Everyone,
Welcome to Steemit Crypto Academy, I am alauddinpabel, especially I thank Professor @stream4u through whom I got a homework that I went a long way to study. Which helped me to learn a lot of new things and I tried to present some examples. I again Professor thank him that he will like and enjoy this presentation of mine.

image.png
source

1. What Is Price Forecasting?

Price prediction is the act of assuming a cryptocurrency as a function of time or sometimes a subjective instrument where the future value of a property and it aims to buy a single amount of currency with trading to sell most of those stocks at higher prices in a shorter period of time. I would like to make it clearer that price prediction helps investors determine the maximum time to buy or sell an asset to generate a return on top of their capital and these price forecasts are made in tandem with a variety of factors, including cryptocurrency demand, its characteristics and trends.

2. Discuss on why Price Forecasting is needed?

Price Forecasts We Need This For Predictions We can get huge dividends in our trading as well as our trading losses. The importance of price forecasting enables us to make a good profit and give you the opportunity to make the most of your asset business. When the price of our asset goes up or down a lot, the price forecast gives a great opportunity to benefit in both cases. In general it helps us to trade our property better for maximum profit which methods are best for forecasting prices?

3. What Methods are best you feel for Price Prediction/Forecasting.

I will discuss below, stating that there are three analytical methods for predicting the value of our assets

  • Technical Analysis: This is a graph asset value based on a study of the VS period where estimates are made based on the future history of the asset or cryptocurrency in previous dates. Simply put, what is the behavior of the graph as a function of time? This gives us the idea that the cryptocurrency will neither decrease nor increase.

image.png
source

  • Fundamental Analysis: It relies on a study of its administrative team, agency, its supply and all its internal dynamics to get some idea about its growth and the future value of its shares. Investors here are not based on the chat trend market etc.

image.png
source

  • Sentimental Analysis:This is another strategic tool but I would classify it as the least considered of these three approaches due to the speculative nature. Most of the time the decisions to be made here are newsroom market leaders' and information from the media that sometimes may not be sponsored. It should not be disposed of when the price goes up in the eyes of the same product as it can be strategic to make some sensitive decision which can be productive.

image.png
source

4. 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.

Untitled1.jpg

Untitled3.jpg

I will discuss TRX coins here and I will try to explain to you how to do a price deduction. Before we buy a coin, we must have a preconceived notion of the coin and try to keep a price chart of the past few months so that it is easy to understand whether the price will go up or down in the future. A person must not invest in a coin that will fall later. So, a price deduction is very important to a make. I'm going to discuss TRX Pedication here. If we look at the chart over the last few days, we can see that the price has been declining for a while now, which means it was $0.18 or more a few days/months ago, but now the price has come down to $ 0.12. My idea. So a cryptocurrency trader must always keep an eye on the chart and collect information and think about investing.

After discussing all of the above, I would like to agree that price forecasting is a very important issue. It is not possible for a trader to conduct his business without price forecasting. The reason is that the trader does not know what things to face when he falls from a dark house.
Thank you for read my homework post.

Cc:
@stream4u

Sort:  

Hi @alauddinpabel

Thank you for joining The Steemit Crypto Academy Courses and participated in the Week 10 Homework Task.

Review Visit Level
Task Remark
Comment
Guidance, Feedback, Suggestions
Grade
Verification (Done, Hold)
First
Completed
Provided information are explained well. However, on the price prediction topic, you could have done better try to go for more detailed information on what basis the price prediction set like, If the price is going down then what will be the last possible level till it will be down then from that point what will be the possible upside level where it comes again.
You have good views but try to express the topic more in detail as per your view on it, try to provide ideas, suggestions to your readers what they need to implement in their trading.
6
Done

Your Week 10 Homework Task verification has been done by @Stream4u, hope you have enjoyed and learned something new.

Thank You.
@stream4u
Crypto Professors : Steemit Crypto Academy

Coin Marketplace

STEEM 0.19
TRX 0.15
JST 0.029
BTC 63548.34
ETH 2646.78
USDT 1.00
SBD 2.74