Q. What is Forecasting?

Ans. Price forecast means that we can predict any thing in advance. Process of predicting the future event based on historical data is called price forecasting. Price forecast is two types. one is short term investment and second is long term investment. Price forecast also depends on math calculation.
It is not easy to forecast by any way. But on the basis of forecasting more chance to win .A forecast refers to a calculation or an estimation which you data from previous event combined with recent trends. To come a future event outcome prediction of the future based on the past and present data and most commonly by analysis of trends and other terms that is similar to forecasting is predicting.
Money is not only thing that we have to forecast we also forecast how we spend our time and energy

2 Discuss on why Price Forecasting is needed

Ans. Price forecasting is needed because when we invest our money to grow up or to take profit, then web we have to tprice forecasting so that we might take a good benifit. We should clear that when we have to invest money and when we have to withdraw all money. We should make a plan for starting point to exit point where from we might could benefit. We invest our money or trade gamanisu it is not known that after we put our money we can benefit a lot.
Where we do price forecast in then we can get a good benefit but we can also lost money so we should forcast the price carefully. Process of forecasting is not easy because it is the future.
When we forecast how much money will be coming and and how much money will be going out so that we can make a better financial decision. When it comes about forecasting it's about planning ahead, people who don't forecast their finances end up wit a debt and paying high interest rates. if we want to take a good benefit then we have to need price forecast. But this is not definitely that after price forecasting we can get benefit.
Forecasting is important in inventory control. We also forecast how we spend our time and energy because when we use our time in the good way then we can get a good benefit. Forecasting all you have to do is to allocate some time every week to plan our upcoming weeks activity so that we make good benefit and have to forecast if we want to get good benefit.

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

Technical analysis is a way where technical indicators are given and people make investments based on those indicators. Now what are those indicators? Like in previous lectures, those indicators can be Support & Resistance, Moving average, Chart analysis, price action signals, trend changing indicators etc.We should understand it by its name “Technical Analysis” where user analyse the market through its previous and present indicators. After taking the technical indicators into consideration, we can determine the crypto price. In my view this is a good analysis because it is purely based on technical indicators of past and present through which we can predict the future of crypto for a good investment in the market.
This analysis is way different from the technical one because in this one, user doesn’t analyse the market but he analyses the factors which will support the asset in future and will be good for his investment and these factors include the publicity by some famous person like elon musk tweets for BTC in good image and in bad image which affect the price of BTC. Other factors include the balance sheet, cash flow statement and the income statement of the company which make users to invest in it
Sentimental analysis refers to when a person is guided by their common sense, by a hunch, by news to make an investment, without analyzing anything else alone. This type of analysis is usually done without much data, but it does not mean that it has not worked once, because I personally do not like it, but your friend invested 50 dollars in this whole DOGE coin joke, first because he found it funny and second because Elon Musk tweeted it, and ended up making about $ 700.

4.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.

In this photo, what is the status of the market.In this photo, how much has the market gone up and down in 15 minutes? Right now the market is going down a lot

In this photo, how much fluctuation has been shown in the market in 1 hour, it has been shown that the market has been going down since few days. Some people panic panic due to down market Sell ​​stocks But if you are trading then be a little relaxed

This photo is an information of 4 hours. Right now the time market is very down from its high but it is not known that it can be pumped anytime.

Conclusion
According to me, trading is only possible when you are waiting for a little time.Because in this it is not confirmed that you buy the stock and your quick double The market can fall in it anytime you wait to see when the market will go up ा If the market is down, then you hold the stock and sell it only when the market goes up.