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Created on: 3/14/2020 3:32:32 PM Last Update: 3/14/2020 7:09:56 PM Posted by: RTT
WARNING: This entry is 403 days old. It may contain broken links, out-dated or misleading content. Please read on with caution.
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Bticoin Crash Big Channel Review
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 Is bitcoin digital gold? Well 2020 will tell us if this is true. Should you double up?
First you must congratulate bitcoin (and litecoin) for how liquid it is, well done!
So what happens next.
Do you invest for the sci fi world coming on the back of new fancy tech which will use just in time internet money any where in the world ? Will you trust banks once the great crash of 2020 is over? Will governments be desperate for economic activity and remove taxation burdens to allow tax free BTC or LTC transactions.
Who knows! This blog is bullish, but it will take time, so monies invested now may take 3 to 5 years to grow.
What we do know is Bitcoin has a trending relationship with the green channel in the chart below, and so far it is holding. So keep your powder dry in the next few weeks to ensure it does hold, and watch late into 2020 when prices should advance into 2021.
Big Channel review.
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Close up look.
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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.
This post is a delayed and small sample of what is avaliable to members. Sign up to enjoy the full service.
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...
..“The Tape Reader’s profits should develop naturally. He should buy or sell because it is the thing to do – not because he wants to make a profit or fears to make a loss”…
Richard D. Wyckoff
.."Stock market bubbles don't grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception"..
George Soros
My experience has been that in successful businesses and fund management companies, which performed well over the long-term, some courageous decisions were taken. Courageous fund managers reduce their positions when markets become frothy and accumulate equities when economic and social conditions are dire. They avoid the most popular sectors, which are therefore over-valued, and invest in neglected sectors because being neglected by investors they are by definition inexpensive. The point is that it is very hard and that it takes a lot of courage for a fund manager to avoid the most popular sectors and stocks and to invest in unloved assets. Finally, every investor understands the principle ‘buy low and sell high’, but when prices are low nobody wants to buy.
Marc Faber
."Buying stuff people hate, that's the business we are in, right!"..."you may need to have a longer time horizon"..."be patient"..
Mark Yusko
In the short run, the market is a voting machine, but in the long run it is a weighing machine.
Benjamin Graham
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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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AAPL ABX AMZN AORD AUY BA BAC BB BBRY BMRN BMY BTC BTCUSD1 COP CRUDE DIA DJI DJT DJU DXY ETH EUR FB FCX FXA FXE FXY GDX GG GLD GOOG HL HMY HPR HUI INDU JJC JNJ LTC MCD NCM NEM NFLX NVDA OIL PALL QQQ RGLD SBUX SLV SLW SP500 SPY SSEC SSRM TLT TNX TRAN TYX UAN URG UTIL VIX WFC WFM XAU XLE XLF XLU
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