2 years ago

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-There is a multi-million dollar industry in predicting crypto prices through crypto technical analysis.
-There are tools we can use to analyze patterns and investor behavior over time… And while these models are never perfect...

We can still use these tools as a strategic piece of our investing strategy.
Understanding the basics here will literally save you money in the future.

When it comes to price predictions, we need to start with how bitcoin is valued

People like to compare bitcoin to gold as a store of value because of bitcoin’s limited supply of coins and the difficulty to produce more of it through mining.

Beyond its relative scarcity, several other variables come into play, like digital payments becoming more popular, the security of the bitcoin network, or the effect of news events.

What you’ll see many professional traders do is look for opportunities to profit on trades through different degrees of crypto price analysis…

Typically this is done by looking at some historical data point and attempting to predict the future.

Today I’m going to talk about 4 ways you can make measured, grounded assessments of bitcoin’s value and price… and use them to profit in the future

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*I am not a financial advisor. This is not financial advice*

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