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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 1212 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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NOTE: Posts here are the lite version, more depth on each subject can be found via our RTT Plus membership.
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...
.."One of the most helpful things that anybody can learn is to give up trying to catch the last eighth – or the first. These two are the most expensive eighths in the world. They have cost stock traders, taken together, enough millions of dollars to build a concrete highway across the continent."..
Jesse Livermore
.."Wait for that wisest of all counselors, Time"..
Pericles
.....“I measure what's going on, and I adapt to it. I try to get my ego out of the way. The market is smarter than I am so I bend.”..
Martin Zweig
...“To me, the 'tape' is the final arbiter of any investment decision. I have a cardinal rule: Never fight the tape!”...
Martin Zweig
.."There is only one way to kill capitalism - by taxes, taxes, and more taxes"..
Karl Marx
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