Steemit Crypto Academy | Course By @stream4u - All About Price Forecasting. for @dulce2

in SteemitCryptoAcademy3 years ago (edited)



Introduction


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We must take into account various investment methods, so that a project of ours or of an entity is carried out correctly and generates a profit in the short, medium or long term, it depends on how we carry out our analysis, the most important points to consider is what exists within the market of an asset, this usually defines the future value of an asset, in most cases many companies create different methodologies and patterns so that their method within the market is not so obvious, for an investment usually we will monitor the future market of the asset, how it is handled in social marketing and mainly follow up on the market diagrams. All this is done for due prevention, especially to take into consideration at what point to buy and sell an asset.


What Is Price Forecasting?

This term price forecast is related to the value of an asset that it will have in the future, to make a correct forecast of the value of an asset we must consider several methods by which we must work, we must take into account that our analysis system will not be Exact but it will give us an approximate in which we must work stealthily and carefully, through this we can know at what point in the market we must enter or exit without our investment being affected.


Discuss on why Price Forecasting is needed?

If we do not carry out a due analytical process before making a small investment, we will be in an environment that we do not know, in something that we do not know its direction, if it goes down or up and the nervousness of losing and making a desperate withdrawal maneuver comes into play. or inappropriate purchase that we may regret later, that is why it is very important to have a little knowledge about the price forecast and its methods to be done correctly.


What Methods are best you feel for Price Prediction/Forecasting.

Currently most investors are governed by methods such as technical analysis, fundamental analysis and sentimental analysis, in which we must pay close attention before considering investing in any asset, since it allows us to know the market environment in which we face.


Technical analysis.

This analysis, unlike the others, must be carried out through an analysis of a diagram, in this diagram we must take into account the visual and numerical analysis on value and when that process lasts, with this we can form our own analysis to coordinate when we must enter with our investment.


Fundamental analysis.

With this analysis, our investigation would be to enter the next steps that large investors will take within the market, we must enter a financial environment at a business level and a bit informative, so we will know what the company does to invest in an asset and when it intends to do so.


Sentimental analysis.

I have understood that sentimental analysis is characterized by being more at a social level, many investors relate the asset and disguise it with news about it and create a news network that can benefit or destabilize the asset, this method is carried out for a specific purpose in which they are already prepared and know the future of this end. We must be careful not to believe in all the news we read without first looking for the basis of everything.


Take any Crypto Asset Chart graph and explain how to do Price Forecasting? OR Take any Crypto Assets Chart graph & as per its current price tell us what will be its future price for next 1 week or 1 month? You can predict for any direction up or down but explain it properly on what basis you have predicted the price.

Technical analysis on cardano "ADA"


We can see clear points of resistance and support, where the bull market has been the winner 3 times.


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We are seeing a zigzag market, at the lowest point of the bear market, with an upward slope.


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The upward slope will reach an increase of approximately 1.4.

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Conclusión


The need that relates the price forecast with the volatility of the market makes it a bit uncertain in knowing the final value of an asset, but through various methods learned in this research I can say that there is a great variety of spaces that we can work well, knowing how the asset behaves through technical and fundamental analysis and especially sentimental analysis, many are governed by the first and last and do well, but we must carry out the 3 analyzes so that we know where we stand and make an investment without losses .



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Hi @dulce2

Thank you for joining The Steemit Crypto Academy Courses and participated in the Week 10 Homework Task.

Review Visit Level
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Provided information are explained well but average. However, on the price prediction topic, you could have done better try to go for more detail.
You have good views but try to express the topic more in detail as per your view on it, try to provide ideas, suggestions to your readers what they need to implement in their trading.
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Done

Your Week 10 Homework Task verification has been done by @Stream4u, hope you have enjoyed and learned something new.

Thank You.
@stream4u
Crypto Professors : Steemit Crypto Academy

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