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Created on: 5/29/2017 4:36:33 PM Last Update: 5/31/2017 4:29:36 PM Posted by: RTT
WARNING: This entry is 2383 days old. It may contain broken links, out-dated or misleading content. Please read on with caution.
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Wyckoff Bitcoin target $5,000
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 The bitcoin rally is not occurring because every thing is awesome! Bitcoin is on a scream to $5000 USD because every thing is not awesome, and it can be said that this event is the dawn of change for world fiat currency system.
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Point and Figure charts are excellent for price forecast from phases of accumulation (and distribution), the forecasts are not a point were price stops, the forecasts are zone were to watch out for a change of character in price action to be aware that supply (or demand) may enter the chart.
The thing about accumulation is that the large players can not hide their actions, the big boys do leave foot prints, because they have more money than most their actions do paint the chart. Also they do not want to move price too high too quickly as it is against their own goals of accumulating coin. The big boys need to move in stealth, slow tight ranges before price breaks out and the price move hits the front page of social media and the public, because by then it is too late to accumulate as the public crowd the BIDs.
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Changes in the world is the source of all market moves, to catch and ride the change we believe a combination
of Gann Angles,
Cycles,
Wyckoff and
Ney logic
is the best way to ride the change, after all these methods have been used successfully for 70+ years.
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Investing Quote...
..."By knowing the exact vibration of each individual stock I am able to determine at what point each will receive support and what point the greatest resistance is to be met"...
William D Gann
.."It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong"..
George Soros
.."It's easier to fool people, than to convince them they have been fooled"..
Mark Twain
.."Until an hour before the Devil fell, God thought him beautiful in Heaven"..
Arthur Miller, “The Crucible”
[Contrarian Investing]
.."When a dictatorship is a fact. Revolution becomes a right"..
Victor Hugo
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We at readtheticker.com hold the view that a mix of stock chart technical analysis, Richard Wyckoff, William Gann and Jim Hurst methods plus market fundamentals allows the investor to formulate a very sound market opinion. These attributes are mutually inclusive and must be weighted equally before investing or trading in any Stock, ETF, Currency, Bond, Commodity, CFD or Mutual Fund
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