Algorithms are predictable and mechanical. Study @Moneytaur_ and let your minds eye open.
Algos are deployed by the elite banking cartels that run the world (not satire); they collude and share information; with their dominant and most profitable strategy being to work with each other, against the masses. Around 80% of global trading volumes are algorithmic.
They use indoctrination to teach us financial theories that keep us in the dark and strengthen their information asymmetry. While 'we the people' insist markets are free and fair, the elite relentlessly extract profits from us.
An example I remember being taught religiously in my Econ lectures, was the Random Walk Hypothesis, that suggests stock prices (or any asset) evolve according to a random walk. This means that the movement of stock prices is completely unpredictable and independent of past movements. At its core, this claims price changes are random and cannot be predicted based on historical price data.
We the people marry these ideas, adopting retail trading strategies engineered by the elite, which cut our true potential short. Accept the game is rigged; study MTs feed and learn the rules of the game. Utilise Game Theory and psychology to understand how the other players think and operate.
The financial markets are a global zero-sum game; money in = money out. One players gain is exactly balanced by anotherβs loss. The total βpotβ of money does not change; it is only redistributed among players.
Internalising this information, you suddenly realise that the elites have a financial incentive to deceive us, to release bullish news at tops, bearish news at bottoms. Since this game has been played for over 100 years, you connect the dots with rising wealth inequality, and it becomes evident that the idea of the media being bought and controlled is not so far-fetched. (https://t.co/KRwyic98wV)
MT has mentioned that all time frames matter, and if you look closely enough, you will see there is always a reason for a reversal on all time frames.
High trading volume coins have more sophisticated algorithms running on them as there is more money to extract from the markets. Therefore, algos try to hide liquidity using timeframes that are more uncommon to retail.
Everyone's chasing money, and this is why they can't get it. If you desire true wealth, stop fixating on money and start obsessing over your own evolution.
Master your mind, sharpen your skills, expand your vision, and build unshakable self-belief.
When you commit to becoming the best version of yourself, wealth stops being something you chase and starts becoming something you magnetize.
Money is never the ultimate goal. It is merely the shadow that follows a person who relentlessly invests in their own growth.
Monk mode.
Self-belief.
Mentors.
Time.
@OverlordEins@Moneytaur_ I was thinking the same - defo an area to watch but I guess itβs context - many majors hit, heard super bearish selling in discount etc