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Created on: 8/14/2019 5:48:24 PM Last Update: 8/14/2019 6:39:35 PM Posted by: RTT WARNING: This entry is 616 days old. It may contain broken links, out-dated or misleading content. Please read on with caution.
1 POST
Bitcoin 2019 fractal with Gold 2013
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Funny how price action patterns repeat, double tops, head and shoulders. These are simply market fractals of supply and demand.
More from RTT Tv
Ref: US Crypto Holders Only Have a Few Days to Reply to the IRS 6173 Letter
Today's news from the US IRS has been blamed for the recent price slump, yet the bitcoin fractal like the gold fractal suggest the market players have set bitcoin up for a slump to $9000 USD long before the IRS news hit the wire.
Get the impression some market players missed out on the bitcoin rally from $4000 to $14000 and now welcome (planned for) bearish news to create a price slump to be able to accumulate bitcoin at a very good discount. Still reluctant to believe this market strategy, then please review the gold chart from 2011 to 2019, it goes like this: market top, slump, 6 years of consolidation (accumulation), now 2019 price breakout. Looks like bitcoin is going to suffer the same game play as gold, sure it may not be 6 years, but possibly 6 months. We watch and wait.
Chart in the video.
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Investing Quote...
..“In a narrow market, when prices are not getting anywhere to speak of but move within a narrow range, there is no sense in trying to anticipate what the next big movement is going to be. The thing to do is to watch the market, read the tape to determine the limits of the get nowhere prices, and make up your mind that you will not take an interest until the prices break through the limit in either direction.”..
Jesse Livermore
.."it is better to have few stocks and to watch them carefully”...
Bernard Burach
.."Earnings don’t move the overall market; it’s the Federal Reserve Board… focus on the central banks and focus on the movement of liquidity… most people in the market are looking for earnings and conventional measures. It’s liquidity that moves markets"...
Stan Druckenmiller
..“Investing should be like watching paint dry or watching grass grow. If you want excitement…go to Las Vegas.”...
Paul Samuelson
.."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
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