Predicting the future price of crypto – is it possible?
- Manuel Baur
- Mar 24
- 3 min read
The market seems bullish, the Youtubers are predicting a pump, if not a rally, you watch a few videos and are sure it will work, you buy and the market crashes! Anyone who has been active in the crypto market for any length of time has certainly experienced this.
So how good are price predictions on the crypto market?
My opinion: bad to none at all!
What does it take to be successful in the crypto market?
In my opinion, one of the most important qualities is: PATIENCE!
Futures trading is most lucrative when you do it on a platform with the right instruments, which means you can scale and build your positions depending on market conditions. In other words:
You buy when prices fall and scale your purchase prices down.
When prices rise, you look at the sentiment (Fear and Greed Index) and start selling your positions.
My recommendation for the right platform: BITGET!
Your most dangerous enemy, especially after price explosions, is yourself and your GREED!
What do I mean by that? I know from my own experience that it's not easy to click the sell button, even if your mind tells you to. You always speculate on even higher price rises! Try to overcome your GREED! Only then will you be truly profitable in the market.
My aim is to share the knowledge I have gained and to offer you added value for your investments in cryptocurrencies. If you have already realised losses but still believe in the market, need support with your investment strategy or just have general questions, then write to me!
I have already been able to hold various training sessions with people who want to build a long-term strategy in the crypto market with which they can generate a passive income.
If you also want to benefit from the independence and advantages of decentralised financial systems with minimised risk, then let's get started! But be aware that it won't just fall into your lap, you need to set yourself a strict plan and stick to it.
Below are a number of factors that influence market sentiment.
Economic indicators: Data such as gross domestic product (GDP), inflation rates and employment figures provide insights into overall economic health and influence market trends.
Interest rates:Central bank interest rate decisions can have a significant impact on financial markets.
Geopolitical events: Political instability, wars or other geopolitical events can cause significant market fluctuations.
Sentiment analysis: Analysing market sentiment, for example using the Fear and Greed Index, can help to understand the general mood of investors.
Technical indicators such as the following can also help.
Moving averages: These indicators smooth out price data and help to identify the underlying trend.
Relative Strength Index (RSI): The RSI measures the speed and change of price movements and helps to identify overbought or oversold conditions.
Moving Average Convergence Divergence (MACD): The MACD is a momentum indicator that measures the relationship between two moving averages.
It is certainly useful to occasionally follow a Youtuber whose posts interest you, but you should not be completely guided by them. Youtubers often make their money by getting you to click on them through ‘click-bites’ and many promise imminent price explosions.
However, you should be aware of one thing: No one out there has a crystal ball.
In the end, it's all about you, your knowledge and your decisions. It's up to you to manage your money and decide when to buy and sell.
Comments