Is coin trading really as simple as following the human psyche?
I know next to nothing about trading techniques and triangle bull markets or whatever, but what I have noticed when trading with STEEM is an extraordinarily human element to trade barriers and consequences of various shapes and number peaks etc.
So far, by working with these predictable patterns I've made a crazy amount of correct estimates and buy/sell orders - I correctly estimated breakouts and crashes almost every time. Is it really just as simple as recognizing human psychology in the candlesticks, or am I just being stupidly lucky?
All finance and trading is, is gambling, and gambling is based on emotions, gut feelings and guess work based on predictions of other peoples emotions, gut feelings and guess work.
In normal currency land we have banks and rich business players who have done everyone over for so long, they hve manged to legally find a way to gamble in such vast quantities with worldwide players, that entire countries and world movements change depending on the outcomes of each game tht is continuously in motion.
The cleverest part is that they use other people's money to do all this with. We have seen the worst punishment should they lose everything they own, is they might get sacked, but mostly will just get a massive payoff and retire hppily somewhere.
This is just a big casino.
The difference with digital markets is, this is all still new, and it has started almost from scratch, it can use the balance of real world money to stay stabilised to better extents, and people can constantly create and develop new ways to generate the currencies... whilst having a mostly positive effect on every day life, investing in new technologies and allowing people more freedom to move their money around etc
Its still just a casino at the end of the day, but it's way more fun and user friendly, and this is how the world works on any level. It can only get bigger!