Prediction method

Undoubtedly, each type of forecasting has its own importance and we can't ignore any of them, but if that's what I like, I'm more comfortable using Technical Analysis. Here are the reasons why I feel Technical Analysis is the best for Price Prediction and Forecasting.

There will be many trading opportunities if we trade according to technical analysis because we can trade multiple assets on multiple time frames. I tend to scalp some fast trades when the price is moving fast with high volatility. If the price of a particular asset or coin revolves around consolidation, it's an easy way to buy at the bottom and sell at the top. I can profit on scalp, intraday and swing trades even with the same coin.

When you start trading based on technical analysis, we get that confidence when our trades start to go according to plan. There are great features on the market that repeat patterns. So if we trade a certain pattern, we will know the next possible market move when we see a certain pattern start to form. I have done it personally many times and it has really boosted my confidence.

There is a misconception among most of the traders that it is very difficult to learn technical analysis but let me assure you one thing that it is too easy. All you need is a commitment and once you start practicing one particular method or pattern you will find it very easy to trade. I have so many technical analysis exercises that I don't even mark those lines and indicators on my charts and just one look is enough for me to see the current situation.

This in my opinion is the biggest advantage of technical analysis that you can make huge profits especially on exchanges that offer Margin Trading. A technical analysis expert knows the exact entry and exit levels of trades so he can make quick trades on Margin Trading and make himself a big profit. This advantage is not with other types of traders who only rely on fundamental analysis.

As a technical analysis trader, there is no pressure on me because I have set my entry and exit areas. I just focus on my strategy to get a better win ratio and we get higher wins if we keep working on a method. On the other hand, a trader who has just bought a coin at random, remains under stress and fear of what will happen next.