How to acquire crypto price prediction skills?

There are multiple ways to forecast price changes in cryptocurrencies and other financial instruments. How to spot a reversal? Why do emotions play such an important role on the digital asset market? What are the metrics you should be on the lookout for if you want to predict Bitcoin and altcoin price movements? or should you just listen to your favourite Tik Tok influencer — Pablo anyone?

Let’s dive in:

Avoid ‘catching knives’ — buying the dip when you have no idea of where the bottom is.

  • Keep track of support and resistance levels. As a rule these will be psychologically significant numbers that the price has difficulty crossing.

Nobody knows for sure when trends start or end. Nobody knows for certain if an asset is going to move up, down or sideways. Seasoned traders sure don’t go around catching knives or trade against the market when there is no solid reason to. Careful analysis allows for a much better chance at predicting trends. Significant reversals always follow strong signals, but nobody said these signals were obvious — And so you are welcome to the world of crypto — strap in for the ride!

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