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Created on: 1/2/2021 1:32:24 PM Last Update: 1/2/2021 1:34:00 PM Posted by: RTT
1 POST
Bitcoin Road Runner
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 2021 kicks off so does Bitcoin with great haste, finally all that FED COVID easy money created months ago is finding its way into risk on asset prices. The big bitcoin channel show us the road ahead.
The 2017 rally had two 12 week pauses (see below), we may not get that this time, maybe only one pause at $42,000 to $50,000 and then a charge to $100,000.
Finding and using the correct support and resistance channels on prices is critical (using Wyckoff thinking), in RTT Plus we have a library of channels on securities for members to review.
Log BTC Chart
Click for popup. Clear your browser cache if image is not showing.
As you can see from the bigger channels price targets are huge, but $50,000 will be a major challenge.
Log BTC Chart
Click for popup. Clear your browser cache if image is not showing.
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...
..“It is foolhardy to make a second trade, if your first trade shows you a loss. Never average losses. Let this thought be written indelibly upon your mind.”..
Jesse Livermore
In the short run, the market is a voting machine, but in the long run it is a weighing machine.
Benjamin Graham
.."It's easier to fool people, than to convince them they have been fooled"..
Mark Twain
..."I always believe that prices move first and fundamentals come second"..
Paul Tudor Jones
Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.
Nobel Laureate for Economics Paul Samuelson
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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 NYSE OIL PALL PG 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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