Any thoughts about this market tale?

[tansaneehongkao]

It’s somewhat technical, the truth is adopters think it’s the most effective tool and its object –price action- the ultimate determinant of profits in trading activities. What is it? I want to hear your opinion about it after reading the article below

https://medium.com/mark-price/the-aftermath-78742a4992f6

[NathanJB]

It’s somewhat technical, the truth is adopters think it’s the most effective tool and its object –price action- the ultimate determinant of profits in trading activities. What is it? I want to hear your opinion about it after reading the article below

https://medium.com/mark-price/the-aftermath-78742a4992f6

Did not read the article. I know it is for traffic only.

Talking about price action, everything is pretty much unpredictable here. Tools are useful only if the market happens to be moving according to their more or less informed guess. Outside of it, their informed guess is as good as our informed guess. But that "informed" part right there is, as I've pointed out, depending on the market which is unpredictable.

[VanDeinsberg12]

It’s somewhat technical, the truth is adopters think it’s the most effective tool and its object –price action- the ultimate determinant of profits in trading activities. What is it? I want to hear your opinion about it after reading the article below

https://medium.com/mark-price/the-aftermath-78742a4992f6

It's so difficult to determine the price action. I have seen your article in the past and it's much more to publish the conversation that has already happened before. But take the technical analysis as a way to get profit is better rather than try to consider it as a tool. Remember anything will be going back to the fundamental support of crypto

It’s somewhat technical, the truth is adopters think it’s the most effective tool and its object –price action- the ultimate determinant of profits in trading activities. What is it? I want to hear your opinion about it after reading the article below

https://medium.com/mark-price/the-aftermath-78742a4992f6

Did not read the article. I know it is for traffic only.

Talking about price action, everything is pretty much unpredictable here. Tools are useful only if the market happens to be moving according to their more or less informed guess. Outside of it, their informed guess is as good as our informed guess. But that "informed" part right there is, as I've pointed out, depending on the market which is unpredictable.

Don't worry since it's an old article.

[Kotone]

The bull is clever on the article but bear seems wiser. The author must be a great trader knowing what could be the potential level but it seems it can break 7.4k level sooner or later. If the market surpass this then the next one could be another rally again and that's decide whether it will bounce back or continuously on its uptrend.

[nicolas1979]

Price action is mystery but can be predict, everyone has their own opinion. The articles is good but I must say their opinion it just because they know price action habit and use it as basic analyze. Not new method and analyze but I see it it just opinion not prediction. The best way to predict is use technical method and if use your articles I think only psychology can do it.

[CjMapope]

It’s somewhat technical, the truth is adopters think it’s the most effective tool and its object –price action- the ultimate determinant of profits in trading activities. What is it? I want to hear your opinion about it after reading the article below

https://medium.com/mark-price/the-aftermath-78742a4992f6

haha cute little write up, i like the narrative style    
Its a shame TA is completely useless in crypto, theres generally no rules in the market here, and the few rules there are came in too late
theres massive manipulation, and noone knows who hodls what size bags of any one coin/token, its insane.
good read tho :p

[stephanirain]

It’s somewhat technical, the truth is adopters think it’s the most effective tool and its object –price action- the ultimate determinant of profits in trading activities. What is it? I want to hear your opinion about it after reading the article below

https://medium.com/mark-price/the-aftermath-78742a4992f6

Did not read the article. I know it is for traffic only.

Talking about price action, everything is pretty much unpredictable here. Tools are useful only if the market happens to be moving according to their more or less informed guess. Outside of it, their informed guess is as good as our informed guess. But that "informed" part right there is, as I've pointed out, depending on the market which is unpredictable.

It is almost like social engineering where a group of people tries to manipulate the market for their favor. It can work theoretically but there are a lot of factors that plays for the prices to pump up. Price prediction is also very difficult yet they claim to manage it so well. These people are very logical and are not easily been swayed by emotions bought by the market. Knowing the trends and determining how others will adapt is what they only need to adapt. It scares me sometimes how these people can estimate and formulate those strategies.

[TravelMug]

If we are talking about a market that is so volatile as crypto, then it's really hard to see where the price goes. Market manipulators, whales, certain entities behind - there's a to factor in, not just the usual supply and demand scenario.

With that said, TA might only work on a certain way, patterns that we can see. However, most of the time it will go on the opposite direction as there are a lot of human intervention in this ecosystem.

[bitvalak]

I do not understand what was quoted from the article.
The market will always have a consolidation phase, where consolidation can take place long or not depends on the agreement of the buyer and seller.
After consolidation there will definitely be a trend, whether the trend is up or down. What has happened so far in such a market, there is nothing to respond to if you don't try to be a buyer or seller.