Topic: price action trading (Read 779 times)

It's true that no one really knows how the market works and it's hard to predict,
but anyway if we use strategy at least it will help in making decisions,
because if not, of course the decisions we make will be careless and it will certainly make us lose

No one realy understands how the market really works or can 100% be sure that past trends will repeat themselves in the future, all of these strategies that are created and tested are what makes the difference between somone playing poker for fun with no strategy and the ones that play it right, but in the end it is all a gamble and it is up to you how to play it, you use strategies to minimize your losses or just go all in and lose it all.

If you think that price action is base on it's history, I think that's wrong because what happened in the past event is not the same now. In trading, price action is always depends on our own strategy and based on the current market movement including trading chart and market price movement.

The cryptocurrency market is dynamic and with new players on the block, it is even more complex to just base your tding draecision simply on past data,trends, price action, trading graphs and signals! Market does not obey any rules but people's behaviour become rules that is easy to predict and take advantage of!

I keep learn about the trend of crypto and stocks market for along times, and I found if the trend of these markets is changing for every 3 to 4 years. If this  cycle is always work, we can predict when should be buy and for how long should be hold it, and we also have potential to make good profit because we will get best price when buy and sell the assets.

external factors still be important indicator in price action trading. it could indepedently and deny another factors. there are alot many thing will support this analisys technique. but actually trading using price action analisys give us true description about market behaviour and what actually happen to buyer and seller. most of traders still focus on indicators but they forget about how price moved.

Price action trading is a very important aspect in the general world of trading because it helps one to predict the future movement of price without any indicators or Fundamental aspect of trading. Alot of persons have bosted of it being the best form of trading but one still have to look at it from another different angle cause the market does not always move to our favour as we planned.

The question here is not just trading based on what majority would believe on but, trading with what works for you. I know alot of persons who are indicators based traders and  are still successful in what they do. We don't have to debate on whether price action is the best trading technique compared to indicators kind of traders or fundamental traders but to know which one works for us.

One can still combine both price action and indicators to make a good working strategy rather than focusing on just one aspect of technical analysis.

That is exactly my thinking as well, successful traders wait for the trade to come to them they do not force things up, with more than 7000 coins in the market of cryptocurrencies anyone that consider themselves a trader doesn't really need to force their way into a trade, they can just wait for the perfect opportunity to present itself and if it doesn't then don't trade.

And if after some time those people find out that they had no talent or patience to be traders then there is nothing wrong with that, they could become investors which in this market is way easier, just put your money in bitcoin and keep holding for years and in 99% of the cases after two or three years you're going to have significant profits without doing anything as taxing as what you have to do as a trader.

OK I keep getting pummeled in these pull backs and steep drops and seem to have a habit of putting on a long just before there is a reverse.
Other than just general TA is there anyway of telling when the market is going to have a big drop or any reliable one on twitter or other wise who is good at calling this stuff

That coin picking is the hardest thing about this situation. Everyone can do price action trading if they know which coins to pick, some coins do not move too much out of frame and they have certain prices that it moves between.

I remember a long long time ago on poloniex I traded on clam, it always went between two prices and even though it wasn't much I arranged a bot to buy from a certain price and sell at a certain price, it wasn't even a hard thing to configure in the bot because it was just telling it to buy here and sell there and it was simple and I made so much money, it was 3x in a week or so, why? Because I was lucky enough to see that coin, clam was awesome for that, I lost a bit after that because it went down and I just stopped. So if anyone can find something like that, they could definitely get rich, but if they can't, they can't do this neither.

Yes, this kind of strategy can work for anyone but that doesn’t mean it works hundred percent of the time, nah it’s not going to be working that way. There are lots of strategies that one can use for trading and the thing is that they are all not going to be working all the time, there are no strategies that work all the time, most times they can be wrong, the thing is that you have to know when that strategy might work, it’s good to be trying out new strategies.

Price action do work sometimes, if you check the chart you will notice that it does repeat what happened in the past, but it doesn’t happen that way all the time. Before this last bull run I saw people that tried to predict using past events but it didn’t happen that way this time around. Of course the price did go up but it wasn’t at the time they all predicted.

It is likely to happen at some time frame on a certain period but not frequently, it still depend on what coins you are trading I may say based on what I had observed.

I think you or anyone can earn profit through price action trading if you already spot it. But there is always a risk doing only one strategy as a crypto trader and I believe everyone knows that. That is why patterns, indicators etc. are created for us to have a much precise decision regarding our action. And you should not ignore that!

If it doesn't rely on the price analysis, then how can you even predict? I thought you need "data" to predict what is going to happen next and analyzing the market is the best form of gaining data. True, just looking at the market won't help. The price also depends on the factors and events that can trigger price changes. For example, look at how the price of doge coins fluctuate when Elon starts tweeting about it. Look at how the price of bitcoin went up when paypal and tesla started to support bitcoin. So keeping an eye on the events also plays a huge role when it comes to price predictions.

But don't this contradict the whole philosophy of not concentrating on the negative things surrounding us instead always be positive. Your thoughts comes to reality, if your on the road looking for a red car, chances are you'll likely see one which means if you're looking for a reason not to enter a trade, chances are you'll definitely find one and so is the case when you're looking for a reason to enter a trade.

The emphasize here should be while we look for reasons to enter a trade, we shouldn't neglect the risk that comes with trading each coins whether they're the trending or old coins (as they're called). Combining both scenario would be a perfect match in the sense that while you look for reason to enter a trade, you should also look for reason why not to and evaluate the chance then make a decision.

I agree with your opinion, from previous events we can study it, and can compare with current events. That's what I do when reading charts, or looking at market conditions. By remembering previous events, we can draw the conclusion that these events can happen and repeat at any time. Therefore I recap the events that have happened, and compare them with events now. Can it happen again? Can be. Due to unforeseen market circumstances can occur at any time. Moreover, when we analyze the graph, we need a reference to be able to guess the direction of the graph in the future. From the previous movements we can also take a reference, how the direction of the graph of the currency moves which often occurs. How, when, and why the currency can go down we can guess from previous events. However, also use events that are or will happen. It will also help you, such as updates about the news that is happening. It will help you.

Its science of psychology. Same pattern can show the same result such as in psychology even though it is not 100% guarantee. An arbitrary result or a false prediction can happen. That is why there is a wide range of technical analysis so that people have various of choices in trading. Even in price action, there are a hundred of ways to achieve it

The importance in trading, is to willing to learn more and the capability of controlling both your fund and your emotion. You can use any techniques you find, and they are guaranteed to give you 60% winning rate. But being uncontrollable and arbitrary certainly give you a bad result, in the worst case, you will lose all of your money.

Trading is not hard to learn. Spend some of your time to read books or watch online courses. A vast number of information are right here, in your own hand. Will you choose to embark one of the darkest job in the world LOL

Too many people just act out of FOMO. They only see the possibility to make 100% quick and don't rationalize the risks involved. The beginner just sees the opportunity while experienced and consistently profitable traders watch out for reasons why not to take a particular trade.

I agree with your opinion. Technical and fundamental analysis will continue to exist side by side to determine market trends. Not only charts or charts that must be analyzed but fundamentals will also determine. analysis and fundamentals will be in sync, when we can read technical and fundamental analysis we can make predictions well even though it is only a prediction and not 100% correct, but at least we have an idea of ​​the price that will be achieved.

I still do not understand why there are people out there that do not take the time to learn how to trade by learning fundamental or technical analysis.

We are talking that those people are probably using the savings of a lifetime when they enter the activity, would you drive a car at full speed without ever taking a driving lesson? The answer for most people is no and the same kind of logic should apply here, as it is way more likely to lose your money even with that knowledge than the chances you have of winning, and without that knowledge then it becomes impossible to win unless you can pull off the same kind of luck lottery winners have.

Yup! But like I said, it only works until it stops working. And if you're copytrading someone or some company then there's just no way at all you can ever know if it will go belly up and when it does, it'll be too late.

For me the group effort is important to keep an eye on each other and tell each other when they're breaking the rules (no stops, being emotional, banking more than max cap etc.).

Predicting prices when trading does not only rely on price analysis in the market, but we must also see the news related to the coins we are going
to buy. The conclusion is to get profit when trading, depends on many factors. So relying solely on price action isn't a good thing to do, because price
action is only one part of technical analysis to predict prices in the market. Therefore there is technical and fundamental analysis, this is
to convince us when predicting coin price movements.

@2double0 traders that sees volatility as a problem probably don't understand that every investment/market have it own volatile nature though crypto volatility level is supreme than the rest but it because we dealing with a speculative market.
@trigger1975 the volatility most crypto investors understand is historical.

That's correct, if you are copying someone else, it could work for you only if you know what you are following, if those people are actually doing something that's profitable and you learn how they are doing it, that would work for you, of course that means you have to be able to talk to them, it needs to be a group effort. I have someone like that, he shares his picks and his trades, but we asked him what he picks and how he picks them and why he picks things and how he trades etc etc so we asked him a bunch of questions.

Nowadays our whole group makes their own trades based on what we learned from him and even without him sharing we find stuff so he is no longer sharing so much, he just agrees or disagrees and shares why he disagrees but that's about it. If you can use it that way, you could actually make a profit from these things but that's about it.

Price action is just a very little part of Technical analysis and is never a reliable way to really predict what would happen in the market either in short term or in long period of time. Price action can be used as a basis of basic wave patterns, resistances and supports, and the trend of a market. Hence, the guarantee of the real outcome would still rely on various factors like numbers of whales and players, being overbought or oversold, exponential moving average, etc.

Don't understand why price action shall not work if markets fall?  Price action cannot only be used in up trending markets but in any market.  If prices fall – so what.  Then I'll go short.

There are different types of volatility and as a trader one should know which one to utilize for his trading and which to avoid under any circumstances.  The first type is helping in getting explosive moves.  The other one turns the market into a random machine killing positions at it's will and there is no way to use that as a tool.

Hard to follow traders, I've learnt my lesson following my own picks in the ICO days or copytrading tactics as most professionaly would call it. It looks nice and works very well until the guy you're copying starts to make bad calls, as they eventually will.

It's not the best way to make money and for sure not the best way to destress. You have to keep watching in this game, and it always falls apart sooner or later:)

Price of action trading is not good at this moment because many countries banned action trading.market price will fall but will catch up soon too in a couple of days.

Price action trading is golden, only those who know it will profit from it. Usually price action is a technical analysis which factors everything into consideration. So using it means you don't have to borther about external factors.

If volatility is a problem for a trader, he should quit trading as serious trading involves serious risks and if a trader cannot bear volatility, then they should look for non-volatile 'ranging' or 'sideways' markets. If trader trades in spot, volatility should not bother. It bothers when trader loses his cool during a margin or futures contract.

No trading pattern is better or best compared to the other. You already said about trend and this is a big disadvantage of price action. Trading against the trend for price action is more like catching the falling axe. You get hurt many times until the axe touches the ground finally.

Those people who make quick decisions and make a profit (or a loss) depending on the movements very quickly will not be really making a profit in the long run because it is a null game that make you lose trading fee too much that you will have to pay too quickly and if you do not make profit each and every trade that means you are going to just gamble your money away and there is no reason to do that.

This is why I think it is quite obvious that nobody should be doing something like this to make a profit. It is risky and it is way too risky, you are trusting yourself to make a profit all the time and that is not possible, specially with price action trading, because it is way too quick and you have to make decision based on milisecond movements. I try to stay away from this as possible because I am nowhere near good enough for something like this.

I consider the market to be merciful because it listen to our trading decision and it presented price base on the level of demand and supply. However, we can't actually blame the market for been volatile because a great opportunity will always comes with a great risk.

Price action trading is a kind of safe way to trade. Some say you never can go wrong with price action trading but then, its a matter of strategy. The strategy for which you have used and mastered is most likely not to be the same for many other traders. Price action trading simply directs you on the direction for which either buyers and sellers are going by simply following the price. Its a kind of following the trend but your at risk should you inlgnore the possibility of a trend reversal. Price action trading is generally good but its safety relies on your expertise at the trading strategy.

It all applies to all market but crypto market seems different since it's new and there are fuds involve including the outside news and government banning. Its still the chart that make sense and the timing to enter the market is easy as what they say buy the dip. I say its more important to enter into the market in a higher time frame like the weekly chart which the market bottoms. Its the exit to profit that isn't very much easy especially when its common for traders to get greedy.

I have read many books about investing. All the big gurus like Buffet, Benjamin Graham or Kostolany say that price analysing and charts are not winning methods. I think the same applies to crypto market as well. What do you think?

Yes, Price action trading is another method of trade that works. However, I'd like to point out that no trading patterns, tools, resources, bias or analysis is going to play out 100% the way we want. That's why we don't have to be too reliant on it. These trading tools are best used alongside others so that we can improve strategy on making informed decisions about where we should place our entry and exit points.

Price action trading is one strategy I came across towards the end of last year and I'm looking to create more timein the near future to learn more about it.

If you just only focus a single coin on trading, it only bored you honestly. Maybe as a starter but if you are already fully engaged in trading, it is really hard to just sit there and wait for the price to dump and buy, then sell when it pumps.

I would say that trading can be a game of chance and luck. Because in the first place, not all technical analysis works, and not all the time the market gives us a favor. It is sometimes we are lucky to sell at high and perfectly sold it on time.

I find it a better option to focus on one coin and do the trading with it. Knowing all fundamentals and what is going on in the project with technical analysis it can be a success.

And there's nothing wrong if other individual traders are using the pattern of candle stick anyway.
Then, if I see there's a changes happen in the movement in the chart graph of course, I will also need to change my buy or sell wall.
Besides, trading in cryptocurrency is very unpredictable dude, that's through volatility a lot of traders here are earning because
of it.

I have a friend who is doing this right now, he is doing it in a defi token and he checks the people with most coins and he checks what they are doing and he has increased his token number from 13 to 35 I believe. He is making a decent amount of money from each action and he knows what price will do before it does it based on what people are doing with their tokens. Like let's say it was locked in LP but got unlocked, he sells and after that person who unlocked sells, and he buys from there, that is the type of moves he made for 3 days now and have nearly triple of what he used to have.

This is why I think this method works, I wouldn't be capable of doing it, but I still think it is quite obvious that we are talking about a good amount of profit here as well. Of course, it is going to take a long time for anyone to learn this but I rather just not risk it.

Perhaps, not just pas event that can make the market moves, but from the current events that will bring the market move well. With bitcoin prices performed better than in the last few years, it could attract more traders to come to the crypto market and trade bitcoin.

As long as you can analyze the market movements, I am sure you will use that moment to trade. You will have many times to buy low and sell high, and if you can improve your skill by learning more lessons about trading every day, you will see that the chance to make a profit is there. It is difficult to understand how the market works, but we can analyze the market movements to find the sign to trade.

If you ask any experienced trader, they will definitely let you know that no strategy will be working all 100% of times. Because, we are placing entry only believing into technical part but market price action is depending on multiples of other factors as well; if you are able to cover all those factors then we can be sure about all strategies will be working at all the times but when we are missing to cover at least one or two factors then we cannot expect 100% accuracy in hitting targets.

Yes, this is how trading world is moving on. People who are able to minimize their losses are finding chances to survive and people are ignoring to cut their losses eventually quitting the market after their capital drains out.

Well, that's what I'm saying … 


Serious trading is the opposite of gambling. It's leveraging a high probability to win more when right than one loses when wrong.  An analogy to gambling, if you will: trading is card counting and utilizing statistics instead of being the average person having a nice weekend in Vegas.

Fundamental knowledge is a must and you must be ready in trading emotionally, so you wont get burned the moment you lose some money.
In trading, PRICE is the most important part of the chart and you can easily tell the market situation by just looking at the price so make sure to limit the indicators so you can see the big picture of the price trend. The market will always reacts on every news related to in, that how the emotion of people fills in the market.

Well, what do you expect? The market will have both of winning and losing you can't always win in the market that's why even the best traders in the world still loses. Trading is just like a gambling, you gamble hoping your decision is right based on the informations you have obtain on a different sources.

You are lucky if you win the trade since there are various reasons too why the market is very volatile and unexpected. Only the dedicated one will conquer the victory in the end. Just use those various reasons why someone is losing because most of them are using emotions when trading.

Wilt all knowledge and being in with everything what is going on still people need to be able to control their emotions. And controlling emotions is best learned with experience.

Some just get it after a while, that it's not only about the profits but more about the process, discipline, journaling, testing, reviewing and losing and profits come when all the other aspects of trading are a fixed part of the work one is putting into his trading.  Others will not – but the market doesn't care.  Markets are merciless.

Action on price is certainly moved by all the factors available in the cryptocurrency space, it could be development factor, climatic factor, environmental factor and even some outbreaks and pandemic. Market is settled after which a cruel event is silenced.
However, past events also affect the price of coins, in the past years when bitcoin started,. almost all the month of March in every year brings a massive bear in coin prices because of tax payments, this shows that past events clearly affect coin price too.

I think alot of people focus more in making profit than lose when it come to trading because they are naive that making lost in trading is important sometime in other to have more knowledge that is the reason why some people consider trading and gambling to be the same thing. But, there's still some ways to predict the future of the market though it a once in awhile session.

What you mean? If I'm trading, I'm trading not investing.  The only thing I'm interested about trends is that it might determine the direction I'm willing to trade which means I'm not shorting a strong bullish trend.

And if I anticipate a bullish breakout and instead the market is declining it just triggers my stop and I'm out of the trade with a loss.  Losing trades is part of the job.


If long term investing is your style and preferred way to gain profits, so be it.  And even better if it's working for you.  But please don't evanglize your style of earning profits to argue against others style of participating in the market.

And who tells you, that beside the trading I'm not also holding long term investment positions.

Trading without technical analysis and fundamentals is very dangerous. Don't ever try to do trading if you don't understand what basic trading is. What is expected to be profit but ultimately loss, because there is no known analytical science.

Trading is certainly not a joke but trading is a job that must be done seriously to be able to benefit from any price gaps or price movements.

What if that trend started to change from the pattern you analyzed and made investment which can end up in a loss, and focusing on short term and technical analysis are high risky compared to the rewards while the long term needs fundamental analysis with better rewards.

At the foremost thing is,the price of bitcoin will based on the past.Because the strategy can be copied by the old moment of price.But it's not a 100 percentage work.It had a possibility of 50 percentage may be.That too work, only if you had a good luck.Most of the time luck favour the major role in trading.

In Short. It's not the market or the history that repeats itself. It's just the human tendency that remains the same. We, humans, have a tendency to repeat similar actions on specific situations which we had done in past unless we are trained to do otherwise. When it comes to market human tendency is broken down into two simple things. Buy or Sell. Now assuming 80% of market participants are unaware/ uneducated they do random things all the time so 40% would buy and 40% would sell. The remaining 20% have learnt the market and always do something learnt by a set theory. Now 60% of the people are doing the correct thing despite of the fact that only 20% knew this is right. Trading is just about finding a place in this 60% of people. Place where this 20% react in a certain manner are called demand zones/ Supply zones or supports or resistances.  In gambling and even advanced gambling, there is no 20% edge of people that you have which is why that is pure chance. Talking about price action. No trade does price action alone it's always done with one or two indicators.

To begin with you need to accept one thing, if you are going to become a trader then you need to understand that there is no way you are going to predict the market 100% of the time, think of it as the weather forecast, most of the time you will see they will be off in terms of the minor details but a reasonable good trader will see the long term trends way ahead of time similar to how now we can forecast hurricanes including their strength and route.

One perfect example of this is the halving that takes place every 4 years on bitcoin, we know that after each halving the supply of bitcoin goes down in exchanges as miners get half of the coins they got on the past, this decreases the supply and if the demand remains static then the price goes up, this creates expectations the price will go up even more increasing the demand and with it its price, movements like that happen all the time and can be easily predicted by someone that takes the time to watch the markets, however be warned, making money by trading is incredibly difficult and I recommend newbies to not do it and instead hold their coins, but if you are decided to do it at least take a few months to learn the ropes before you trade with real money in the markets.

There is now way to predict the future not even a little.  The only thing in (price action) trading a trader has is to analyze the market and find repeating patterns which are reliable to a statistically relevant extend.

For example if a trader finds that daily support & resistance levels were respected in the past and did give opportunities in combination with some particular reversal patterns, there is a chance, that this will continue to work short- and midterm into the future.  If the trader then takes those trades with a Risk-to-Reward ratio high enough to not only cover the losses but give him some gains, he's earning money in trading. It's a matter of numbers not predicting the future. 

That is a vital tool in trading and it is a must I think that we have to learn it.
Trading without some sort of basis, no TA's, candlestick reading, and etc... What we gonna expect is just a loose end.

That is why many had failed to succeed and that because they didn't give the effort to do so and understand those important tools. Trading is not a joke, a single mistake will have corresponding negative outcomes.

There is no guarantee that past trend will keep repeating all the time even the bitcoin cycle changed from 4 year to 3 years now so every kind of movement changed completely.

But there is no other way either, we are only having the oast data to predict future which maybe helpful for longterm traders and holders, other kind of traders should rely more on the news than the past trends.

A good trader relies on the price market structure and dynamism the trader should be able to notice and take notice of a change in the market structure maybe as a result of the outcome of a positive or negative fundamental news without recourse to those lagging indicators however Price Action can be deploy by a trader to determine the entry zones for buying or selling based on the candlestick patterns an exhaustive bearish candlestick will indicate buying vice versa.

Many think that the way the market moves may be with repetitions that have already occurred in the past, this refers clearly to chart figures, which is not bad, but based on the textbook of "A Random Walk on the Wall. Street "by Malkiel Burton, in an experiment it was deduced that the chartists had a very high error rate, like the market when doing a fundamental analysis, in this case I think that not all patterns should be repeated.

In the case of Bitcoin, they are not the same conditions now as in 2017, at that time there was not much talk about Bitcoin as now, nor were we in a pandemic, these facts totally change the way the market moves, which can be deduced is that the market is still moved by the emotions of the people and by the action of the whales.

Price actions are based on its history and Its true that the market follows the price actions so technically, reading the chart based on its history can help you on your trading journey. We do make money by analyzing, and not just by any hype or fud, price action trend are more reliable compare to any indicators, so better to focus on this one and just used indicators to fill the blanks on your analysis.

the problem of novice traders is that they may not understand the code of the chart increase or the code of the price signal when trading, this is the importance of understanding the code when trading. Beginner traders are still confused about this, so they can't sell fast or hold.

There were chances that the market has been repeating what it did in the past and that's why there were analysis that includes the past. The patterns that we had in the past, they're using it and comparing it with today's market and price action.
In top of this, the trader has to look on which strategy and style he's good with upon reading the market. Wherever he is confident and making himself profit more, he should use whatever benefits him/her.

The answer to your question is definitely YES about if the DNA or the past event of the price action can determine the future price. every candlesticks have background and stories contanining emotion of different investors and traders. I just wanted to clarify that here in trading, there are no 100% secured profit because we are talking about probabilities here in trading and it is a game of convictions not just luck.

I know that many traders already read this phrase "price action is still the king". If you are a trader then it is better if you will understand what is happening to the price. Knowing the trend, finding the support and resistances and also knowing what kind if trading setup are you going to use. Risk management is also important because you cannot compound your trading capital if you do not have any risk management.

Patterns create our life, we may like it or not, we may break them sometimes but if you look at most of the humans on earth they have a pattern all their lives as well. You wake up, you go to work, you come home, you do something you like and you sleep and you do that like for 40 years of your life.

Similar during school as well, just replace work with school and that's it. We as humans are programmed to have a pattern, all of our life is patterned, even our "having fun" periods daily are patterned, if you are a gamer you game, if you want you can watch netflix, but it is almost always the same.

This is why I think it is quite obvious that when we are trading, we do the same things as well, because we are so patterned in every facet of our life that when it comes to trading we do have a pattern as well, we do the same thing over and over again creating a routine for us.

It's not about being right 100% of the time, but to gain an edge in the market, it's a game of statistically winning more when being right, then losing when being wrong. If I'm risking 1$ to make 2$ (1:2 Risk-to-Reward) if I'm winning and I'm winning 50% of my trades, I do make money.  There is no strategy which is winning 100% of the time.


Price Action (the way I trade it) is not about understanding the market, but to follow the story of the market is telling who is currently in control of price: buyers or sellers?  I'm I right 100% of the time? Hell no! But I'm winning more when I'm right than I lose when I'm wrong.

For example: given the market is in an overall uptrend in timeframe H4 but it's currently correcting. Now the correction arrives at a resistance zone and the candlesticks tell the story, that price is halting. What does that tell me?  Well, it tells me, that sellers are losing strength and buyers could take over the control and the uptrend could continue. If I now see a strong sign for a possible reversal (such as bullish pinbar, engulfing, …), I'd open a long position.

All the technical tools work (sometimes more, sometimes less) in the market as enough market participants believe they work.  But be warned: market behavior changes and it's up to the trader to anticipate when that happens and adapt their strategy to the changed environment.

Technically, most of the movements in the market are because of the repeating actions by people. We are all attracted to routine acts, and that's basically what we are here to do. In continuous aspects of life, that's how humans have dealt and survived.

To be honest, no one knows how to deal and predict the market, it should be understood, and most of the time, people will not be correct with predicting. It's better to be investing in what the asset is than speculating unless you are using a bot to do it for you.

I don't think trading is that easy to determine price by just one single event. It depends if it is working at such point and with combinations of some factors but it is not certain to happen that one factor can determine price and you just predict not sure with how it can go.

Past events (2018) could not affect the present anymore.
But many traders does still use it just for information like how a crypto behaved before.
But applying it might not be relevant anymore.

Consider the events, disaster, pandemic, news and social media hypes.
One big change that happened was Covid-19. Many people lost their jobs and trying to look for another approach on how to make money.
Trading is one of that. Looking at how lively the market is, proves there are a lot of traders now that may shake the trading industry.

Yes, price action is very important, it is how you will identify the current trend of the market, like short-term bearish or bullish.

I also know some traders who don't trade against the trend, like if the price action of particular trading pair is bullish in short term, they don't trade against it in short term.

Yes, a past event or history on the chart is one of the best to use for identifying the next move of the market, just like the famous technical analysis; Support & Resistance, which this analysis needs past price history.

Its not by chance the market really obey the price action, though it sometimes it becomes more volatile, you can still see the chart playing within the price trend and if you do make your own analysis, you can make money on this one.

Not all crypto trading are decentralized since we have a centralized exchange and yes, politics and government can affect the market especially if they create a good/bad news. Though this market can't manipulate this market, they can still influence people and force people not to use cryptocurrency, this is already happening in many countries.

The crypto industrial revolution is much faster than before, then massive aggression hits the market once every minute. even the surge in 2021 has proven that climate change for crypto will be very unpredictable. Even analysts feel overwhelmed by the theories they have been building and applying. especially during the pandemic people began to look to cryptocurrency trading, and this resulted in large adoptions to save their assets from inflation in banknotes. as money minted in every country, accompanied by an increasing immigration of real estate traders to the crypto space. So far to say that something similar will repeat itself is simply irrelevant.

Since crypto trading is done on a decentralized market economy. Can one really say for sure that  societal activities like politics and other government related news affect the market?. If the market has a mind of its own then it shouldn't be affected by centralized factors been manipulated by government authorities.

Just how broad the trading industry is?
When you think about the different timelines in different countries, you can't expect everything will go the way you want it.
But, follow the leader comes into handy.

Assuming someone big (a company, group) loves to sell their tokens on Saturdays and rest on Sundays.
It may create a wave and someone will follow it adding more to that movement that happens on the same day.
The trend becomes a habit and we can all see it right now. No one goes against that flow.
It may not be a daily profit but still a weekly chance for a better amount.
I apologize if I can't explain it in a more clear way.

The market does not move on any rules "laid" by someone. It has a mind of its own but it can be predicted to a large extent.

Now news and politics make a move on the market but please dont bring climate and environment in the discussion because then it becomes another conspiracy theory discussion leading to a retarded circle-jerk.

Say a government banned crypto in a large country, market price will fall but will catch up soon too in a couple of days. It would be correct at that time to buy some and sell it on the rise later.

Again negative news tends to move the market a lot more than positive news. The only recent positive news that grew the market organically was paypal allowing crypto and consequent private firms investing in it.

Past event? They can help you predict how the market might react but not decide how it will move. Use the charts to your advantage: Learn the support and resistance levels from them and use that information to set your buying and selling points.

This will totally depends on what those events are like for example, the halving event does happen every four years and could be used as a perfect example since it does have its effect on the market both prior and after the event has occurred. Most past events in the space does have a way of always repeating it self, it might not be exactly as the same as last time but the similarities will be very obvious.

We had ICO trend few years ago that was a success and then the last couple of months, Defi and NFT has been making waves. These trend were all treated the same (that's anticipated to be successful) due to the success of ICO, many invested in the new trend with the hope of profiting solely because they believe the trends will give similar outcome as the earlier trends which many did gain massively.

Actually for me making a comparison through the graph history of the coin , such the previous vs the current situation, really can give us a little clue what will be the next movement in the graph . But not totally the specific direction,, wherein just a sign.. and the percentage itself in the market can tell the directions..  And you know it's up to us how to take advantage on it. Indeed we have just two options when it comes trading.. Such HODL and gaining quick profits.. So in my opinion it depends on us how to ride the waves nowadays.. And lastly if you're really tired studying the grap of your coin. Then move on mate and look for much better im the market.. Infact there's a lt of good coins,, so don't just stick to one.. Wherein jump sometimes if its really necessary and truly worth it to spend efforts..

A good trader won't see he can predict the market precisely. His mind changes with the chart movements. If you know a trader whom tells you that he trades based on predictions and totally believe that the market will move in one direction. He does not have any plans if price moves oppositely. Please wipe out his advice. He is a bad trader.

Past events are what you look back and try to learn from. The market moves for now and for the future with many things affect it: news, governments, laws, adoption, hacks, etc.

Apply the rule "Buy the rumor, sell the news". You don't need to know too much about Technical analysis to do so. Fundemantal analysis is enough to help you and it strongly helpful to filter bad projects. Signals of the market are not only shown on the chart but also on the news that you can read everyday.

I hear traders say price action is the best form of predicting the future trend of the market. Most traders claim it takes adcantage of previous events that has happened in the past to accurate decide the movement of the new trend. Although it is not traded in isolation because other strategy like candle stick pattern and area of value needs to considered before placing an entry.

Could past event decide how the market would move?
With the innovations and change in societal norms, climatic and environmental factors putting all this into considerations is there any certainty that past trends would repeat itself or is this just an assumption?

As a new trader I have been exposed to several knowledge about how to study and analyze market present and future trends but am only asking for clearity. Does market obey all this rules laid down by trading experts to help time their entries or could this be an advanced gambling that has a prepared strategy which is not 100% guarantee for profit taking?

I know many people who understand how the market works make profit from their predictions but I still want to understand if it was by chance or does the market really obey price action and is it truly the best strategy in timing entries.