|
|
|
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 889 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
|
 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.
Click for popup. Clear your browser cache if image is not showing.
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.
This post is a delayed and small sample of what is avaliable to members. Sign up to enjoy the full service.
Support this work by buying us a hot drink by CLICKING HERE. If you would like make greater contribution, please make a donation by CLICKING HERE
NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net
Investing Quote...
.."I believe that uncontrolled basic emotions are the true and deadly enemy of the speculator. That hope, fear, and greed is always present, these emotions sit on the edge of the psyche, waiting on the sidelines, waiting to jump into the action."..
Jesse Livermore
.."Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway"..
Warren Buffett
.."If you have trouble imagining a 20% loss in the stock market, you shouldn't be in stocks"..
John (Jack) Bogle
The minute you get away from the fundamentals – whether it’s proper technique, work ethic, or mental preparation – the bottom can fall out of your game.
Basketball Legend Michael Jordan.
.."The stock market is filled with individuals who know the price of everything, but the value of nothing"..
Philip Fisher
|
|
|
|
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
|
|
 | Pages |
| | 1. Blog Performance Review |
| | 2. List of the best blog posts |
| MostRecent |
|  | RTT browsing latest.. |
| | US Dollar Short Term Cycle Peak Near - Update |
| | Here is how Silver gets to $100 |
| | RTT browsing latest.. |
|  | Crypto heading higher |
 | Ney(1) |
 | | US Dollar with Ney and Gann Angles |
 | Crypto Currency(21) |
| Central Banks(8) |
| Crisis Watch(9) |
| Wyckoff(2) |
| Cycles(3) |
| Gann(12) |
| Chart Review(11) |
| Browsing(111) |
| RTT TV(15) |
| Sector Watch(26) |
| RTT Tools(43) |
| Wyckoff 2.0(42) |
| Mystery Trader(6) |
| | Elliot Wave within Wyckoff Logic |
| Market Strategy(69) |
| Cycle Review(64) |
| Swing Trade Idea(48) |
| Market Calls(23) |
| Investors(105) |
| | Hidden Pivot Point and Wyckoff logic |
| News(7) |
| Bonds(18) |
| | Higher interest rates for the 2020s (RTT Plus) |
| Metals and Forex(155) |
| Gann Wyckoff Hurst(119) |
| Wall Street(25) |
| Ticker Review(35) |
| Uncategorized(2) |
| Market Review(95) |
| Jokes(28) |
 | Economic(87) |
| | Bubble Watch - Maybe it only just started, Dow 50000 - Update 1 (RTT Plus) |
| | Bubble Watch - Maybe it only just started, Dow 50000 (RTT Plus) |
| | US is bound by these economic rules (RTT Plus) |
| | Dow Jones Utility index could trade like the FANGs |
| | Funds are getting ready to move out of USA |
| | US Economic Review 2019Q4 |
| | Bond Market, Houston we have a problem! |
| 202201(2) |
| 202112(5) |
| 202111(4) |
| 202110(3) |
| 202109(5) |
| 202108(5) |
| 202107(8) |
| 202106(9) |
| 202105(7) |
| 202104(4) |
| 202103(7) |
| 202102(6) |
| 202101(8) |
| 202012(3) |
| 202011(5) |
| 202010(3) |
| 202009(4) |
| 202008(4) |
| 202007(4) |
| 202006(3) |
| 202005(5) |
| 202004(4) |
| 202003(10) |
| 202002(5) |
| 202001(5) |
| 201912(5) |
| 201911(5) |
| 201910(7) |
| 201909(5) |
| 201908(4) |
| 201907(5) |
| 201906(5) |
| 201905(7) |
| 201904(5) |
| 201903(8) |
| 201902(5) |
| 201901(6) |
| 201812(4) |
| 201811(5) |
| 201810(7) |
| 201809(4) |
| 201808(6) |
| 201807(5) |
| 201806(4) |
| 201805(7) |
| 201804(6) |
| 201803(4) |
| 201802(7) |
| 201801(6) |
| 201712(7) |
| 201711(6) |
| 201710(7) |
| 201709(5) |
| 201708(5) |
| 201707(7) |
| 201706(6) |
| | Kelly Heros Sgt. OddBall philosophy to read stock charts |
| | Crude oil how low will it go? - Update |
| | On the back of the Chinese speculator |
 RSS
Atom
FeedBurner| Email Delivery
Blog Links
Symbols used in blog
AAPL AMZN AORD AUY BA BB BMRN BMY BTC COP CRUDE DIA DJI DJT DJU DXY ETH EUR FB FCX FXE GDX GDXJ GLD GOOG HL HMY HPR HUI INDU JJC JNJ LTC MCD NCM NEM NFLX OIL PALL QQQ RGLD SLV SPY SSEC SSRM TLT TNX TRAN TYX UAN URG UTIL VIX XAU XLE XLU
|