Who Can Successfully Predict The Future Price Of Bitcoin?

Have you ever encountered a crypto trader who is posing as a crypto guru that can successfully predict the market and make lots of money from it? Well, my advise for you is that when you see such person, it’s advisable to listen with caution. This is because, people who truly have found wealth or loopholes on how to make money most times don’t expose it, so why is this person willing to expose this. Another thing you should remember when considering listening to that person who claims they can predict the next bitcoin price correctly is, they don’t own the market and they are not among the 1% of people that control the market price. They are crypto gamblers like you and I trying to study the market and make some money off it.

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We have been told that technical analysis can help you predict the future price from the past price movement, while this has shown to be correct, do know that it is not 100% correct because most times the market act based on people’s feelings and fundamental news. For instance you could be analysing the market and your analysis says it market will be bullish in the next 2 hours and another person might be analysing the same market and think the market might be bearish in the next 2 hours. But suddenly a huge market maker decides the pump the market with huge liquidity, thereby making the technical analysis of both people useless.

But if you focus on the fundamentals, that means only trading when there is an upcoming huge event in the market, this saves you from the gamble trouble. At least with this you know your faith, you know just how profitable your next trade is. So don’t believe anyone that claims they can successfully predict the next crypto price, we are all gambling here.

Posted Using InLeo Alpha