Hello steemian's hope you all are doing good. Good day professor.
week 10 of crypto academy. Here is my homework for @stream4u. Let’s get started.
Question 1. What Is Price Forecasting?
- So here us my understanding in very simple way, as we start some business and keep in mind some things at the time of starting that where to buy and where to sell it's all about price forecasting if you have knowledge about the future of that particular asset then it means you forecast it and you can investment any time. Price forecasting is the backbone of Crypto investment. Some people hairs special professional forcasters for their investment managements so that they can predict the future of the specific assets.
Question 2. Discuss on why Price Forecasting is needed?
- Let break it down in simple ways, just like any other forecasting like if you want to you some otherbcity trough train or by other means of traveling so you just go to the station of this specific travel agency to forcast about the timing of the buses because you don't want to miss your bus and not wanting to waste your time and momey, same like that for trading you need to now everything about the price ups and downs so that you may not get into lose, that is the reason we do for casting in case of trading. And of your forecasting skill are good you may get profit exactly.
Question 3. What Methods are best you feel for Price Prediction/Forecasting?
Let’s start with how many methods are there for price forecasting.
1- Technical Analysis:
- Technical analysis is very important in the field of trading so you need to be perfect technically. Different technical master give trading signals to bet om your assets you just need to be very careful about thses signals while going for trading market. In technical analysis we just forcating the prices direction through the study of past data of the market in trading field. Beginners should must understand the technical analysis first before going trough any trading experience. here is my graphically representation of technical analysis.
Camera phone Oppo f3
2- Fundamental Analysis:
- fundamental analysis is the analysis where the investor access the situation of the market for prices level and also counts the ongoing situation of the country there political atmosphere, there that sector which growing good and more. Because the country atmosphere matters alot which leads to the ups and downs of the market moreover the company which going good in present days and it's past hisois also good then there is a good trading is in the sector because fundamental analysis works best when a range of different factors have been analysed And got good benefits and vise versa?
Here in the diagram some key points are given regarding fundamental analysis.
camera phone Oppo f3;
3- Sentimental Analysis
- in sentimental analysis the most important thing is peoples and investors trust and there discussions regarding particular currency regardless of the position in the market. Investor get information from different sources and impalement them in there way to gain good profit. Thing's that matter is the positive reaction which leads to different benefits.
Camera phone Oppo f3;
which method is best method among all?
*in my point off you sentimental method is best to keep in mind while doing trading because its the things of multiple investors at the same time so it's best. Because some time shares gose up just because of the present condition ls noy the history of the market and it's all about the trust of more investors in a specific sector.
Question 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.
samar15
Source:
https://www.investopedia.com/articles/forex/121815/bitcoins-price-history.asp
In this graph you can see the Price of btc where in 2015 to 2018 there is a fall in the price of btc but in the very next year 2018 ending theres a huge hipe in the price of btc. Again a little fall but at the year 2021 was the great for btc holder's the highest price of 1 BTC is around $60000 , wheres in the few days we sa a great down fall. The important thing is patience gives you more when you go for the patience wise.
Final Conclusion:
The i try to explain this lecture you can understand now how important frocating in the fields of trading go gain good profits,but be patience lose is also a part of it.
That’s all from my side. Thank you prof. @stream4u for a great lecture.
Respected @stream4u
Please evaluate my work 🌹
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Hi @samar15
Thank you for joining The Steemit Crypto Academy Courses and participated in the Week 10 Homework Task.
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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Please professor @stream4u my homework task has not been upvoted by @steemcurator02 and it has been paid out.
Please help me
https://steemit.com/hive-108451/@sparta5005/steemit-crypto-acdemy-season-2-week-10-homework-task-for-stream4u
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Sir #stream4u my last home work post left only 1nday but still not curated by @steemcurator2
https://steemit.com/hive-108451/@samar15/steemit-crypto-academy-or-course-by-stream4u-from-samar15-all-about-price-forecasting
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