Steemit Crypto Academy | Course By @stream4u - All About Price Forecasting. By @endersontowers

It is very important to know the methods that exist to have an idea based on the bearish-bull market of cryptocurrencies, I attended your conference and I find it interesting to analyze the graphs with methods that can show if the value of the cryptocurrency is rising or going On the downside, each of us according to his level of knowledge and his level of analyzing things has a unique gift of how to analyze the graphs in a way that we understand better, but to analyze a cryptocurrency well and know what step it will take in the future , we have to pay attention to all the steps that this cryptocurrency takes, either with the technical analysis and especially the fundamental analysis to know how it is governed in the current market, we have to be updated on any news that this cryptocurrency throws, so we will know its possible future value, I say possible because we have a certain percentage of veracity but sometimes the market plays against us and everything can change, since this world of cri Ptomonedas is something extremely volatile and everything can change in 1 second both positively and negatively. My name is Enderson Torres and this is my research.

The price prediction or price forecast is knowing the possible future that a cryptocurrency will have through methods that are implemented, the price forecast can be made for a short or long period, it all depends on how we are evaluating it, there are also bull markets and Bearish markets that play a very important role in the price forecast, we are currently in the bull market and it is rumored that in the middle of this year 2021 the bear market begins, the price forecast can be very volatile both bullish and bearish, for that we must pay close attention analytically to past movements that give us equal movements or know the strategy of a market in past movements, where they buy and sell, this is seen through a candlestick diagram, with this we can visualize between resistances and types of movements in which we face, later I will make a demonstration of what this diagram refers to.

The price forecast is important since we can define a possible future that a specific currency has, with the price forecast we can benefit from having anticipated a movement either bullish or bearish in a currency, it is also necessary to know which method to use For our benefit and by means of this define what step the currency will do in the short and long term. If this type of method did not exist, we would be trading blindly and by chance, not knowing the next bullish or bearish step that the currency will take, and the markets would be afraid of making a big investment blindly.

The methods of forecasting prices define the future of investment of a person, platform or financial entity, each person or institution creates methods in which they are experts and are based according to their strategy in the market to raise or lower a cryptocurrency, these methods they can be short-term and long-term. At present there are supercomputers capable of storing fluctuating market information and using an algorithmic formula predicts the possible future of a currency, as well as various platforms that have this type of method openly to the public in exchange for a small financial aid, now well for To define the methods that exist there are several but I particularly think that fundamental analysis is the mother of all the methods to choose from since several processes depend on it, in this case we will implement 3 that are the most important to me, technical analysis, fundamental analysis and fundamental analysis.

I can mention that the technical analysis is carried out by means of diagrams in a comparison of rises and falls of prices of a currency in variation of time. To this come the patterns of each movement through time and the possible prediction of the next movement, we must pay close attention to the sections where there is resistance in the market, whether it is the purchase or sale of a currency and through this and the offer and The current market demand defines the next step. That is why fundamental analysis is very important to have a broader understanding of the next movement of the currency statistically speaking.

In this analysis I can mention that it is how investors of a cryptocurrency are based to know their strategy in the market, this type of analysis is basically based on how the company works internally economically speaking and how its process of buying and selling currencies is going. This type of analysis is often somewhat cumbersome and if you do not have the necessary tools for the investigation, it can take time.

Here we see the use of different methods of strategies either marketing with respect to creating panic among the market of a currency, in order to be based on this method for the purchase or sale of a currency, today there are a large number of companies that employ this method against natural persons for their benefit.

I will carry out a diagnosis of bitcoin prices with respect to its market history, using the Exchange binance, which I am getting to know much better today.

At first glance on the 4-hour candlestick chart, we can see its trend, which is clearly on the upside, until the market shows otherwise.

In this graph we can visualize the downward resistance that it is creating in these 3 points, and then go up, it is essential to buy when it is close to this point, since according to the history of the graph always when it goes up there is to wait for its peak of resistance and sell and wait for its next downward correction to buy.

In this graph we can see that an upward resistance is being created in the selected points, at this point it is very important to sell before making a clearer decision about what is happening in the market. And see if we buy or wait for the bear market. But clearly looking at it from the graphical point of view of its history, it is going to be on the rise at any moment.

According to the research carried out and my knowledge in this regard, I can deduce that May 1, May will be where it is defined if the bitcoin is going to rise between $ 55.779 to $ 65.000 thousand and if it breaks the upward resistance, it will continue to rise.

Excellent subject in which they provide a lot of super important information for new investors related to cryptocurrencies, it is super important to have this type of knowledge when making a small investment and even more when you make it on a large scale, it is essential to know the movement of the market and its historical movement in time to know when to buy and when to sell and thus avoid being surprised by a rise or fall that may surprise you. Remember that your investments and your capital depend on this. I hope to continue providing more knowledge on the subject and continue to do a good job. Happy day for everyone.

Thank you very much for reading my homework.