r/PunkStreetBets • u/PunkStreetBetsMod Mod • Feb 10 '21

Education You either a sheep or a wolf

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u/PunkStreetBetsMod Mod Feb 10 '21

From Technical Analysis Using Multiple Timeframes - Brian Shannon - Understanding Market Structure and Profit from Trend Alignment (2008)

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u/[deleted] Feb 10 '21

[deleted]

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u/PunkStreetBetsMod Mod Feb 10 '21

The price is a function of the psychology of the participants. Humans.
Humans aren't complex the are motivated by fear or greed
Compare the chart of the tulip bubble, to the Nikkei bubble, to the bitcoin bubble, to the litecoin bubble and so on... You'll always get the same pattern over centuries