Re: Who truly moves the market— price action, or the news itself
But here's where I disagree just a little: Technical analysis—while not a crystal ball—gives us patterns that have been crafted through history. It’s not about predicting the future like some soothsayer. It's about identifying the psychology of the market. People follow trends, get greedy, panic, and act like herds. And that, my friend, is where TA comes in handy. You don’t need to be Elon Musk to see a trend, you just need to recognize the patterns those before you have already left.
Okay, I understand that it's about the identifying the psychology of the market but in order to identify that, you need to check each chart at each day and then read what happened during those days that caused the pump or dump of the price.Do you have a good tutorial about technical analysis? Share it with me if you don't mind.
Technical analysis isn’t a belief in the Zodiac, it’s a map. It won’t tell you where you're going, but it sure as hell will help you not get lost. And as for Musk, he may move mountains, but the market’s psychology is what will tell us how big the ripples are. You see, we’re not just predicting numbers; we’re predicting human behavior. That's the power.
So, maybe it’s not perfect, maybe it’s not a guaranteed win, but it’s far from just a fantasy. It's a strategy, and in a world full of chaos, it’s the closest thing we have to order. Embrace it.
Hasn't there been many cases when technical analysis was predicting the bull market and the opposite happened? Or even the cases when technical analysis was predicting dump and pump happened? I agree with you that there are moments and certain cases when charts really repeat but I still find it very hard to use. If you have a good tutorial that explains it well, then share with me. I'll happily have a look at that.So, maybe it’s not perfect, maybe it’s not a guaranteed win, but it’s far from just a fantasy. It's a strategy, and in a world full of chaos, it’s the closest thing we have to order. Embrace it.