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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
WARNING: This entry is 694 days old. It may contain broken links, out-dated or misleading content. Please read on with caution.
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.
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.
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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...
.."Keep the number of stocks you own to a controllable number. It is hard to herd cats, and it is hard to track many securities. Take your losses quickly and do not brood about them. Try to learn from them but mistakes are as inevitable as death."..
Jesse Livermore
.."The stock market is filled with individuals who know the price of everything, but the value of nothing"..
Philip Fisher
.."The key to making money in stocks is not to get scared out of them"
Peter Lynch
..“If it’s obvious, it’s obviously wrong.”..
Joe Granville
.."It is better to keep your mouth closed and let people think you are a fool than to open it and remove all doubt."..
Mark Twain
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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 AMZN AORD AUY BA BB BTC COP CRUDE DIA DJI 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
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