Its somewhat technical, the truth is adopters think its 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-78742a4992f6Did 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.