/biz/ - Business & Finance

>>12837455
that makes no sense, if over half of traders sell at support and long at resistence wouldnt those support and resistances become their inverse ? Unless you’re saying the market is held up by a small number of movers and what 75% of traders do has absolutely no affect, in which case we cant say that the charts, prices etc of cryptos are an expression of the market, instead they are the expression of a select few. So which one is it faggot ?

>>12837478
Select few = market.

Actually do buy 3900, create buy pressure to break resistance, new leg upwards, profit.

>>12837478
The latter. The market’s price action is dictated by those who have the most liquidity to move around. You can call it “manipulation” but that’s like a raindrop insisting an ocean is acting “unnaturally” when it impacts the water’s surface.

Learn to surf it.

>>12837478
money rules markets, not people

>>12837507
>>12837486

holy shit you’re both right. Since those select few hold a disproportionate amount of the capital they basically can be defined as “the market”. I always assumed the market meant the majority.

>>12837533
Even whales are at the mercy of the ocean.

Bottom line, the Market Maker/“The Ocean” facilitates the market and does so with immense amounce of liquidity to move. Thus the Market Maker(s) iz gunna move that liquidity in as effecient and profitable a manner as fucking possible with as little slippage (losing trades to 10% of successful traders) as possible. This is commonly referred to as Institutional Order Flow and it’s what dictates the ratios by which price is distributed into and out of consolidation; Every swing high and swing low in every timeframe is price in and even price discovery is “priced in”. Which means there are methods for identifying new ATHs and ATLs outside of an existent rang.

Anyway, when ya look at a chart what you’re basically seeing is a graph illustration of a ledger perpetually balancing itself to points of equilibrium on multiple cycles/timeframes. Which means the “market” is fractal and there are a gorrillion ways to TA and by virtue a gorrilion more ways to trade a market to a profit...or loss.