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Created on: 6/6/2021 4:47:16 AM Last Update: 6/6/2021 4:53:55 AM Posted by: RTT
1 POST
Bitcoin to $200,000 Review
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 Here is why BTCUSD to $200,000 is now on the table in 2021.
During a period of heavy money printing with higher debt levels the FED must choose between two of the following to avoid a collapse:
1) Higher stock prices.
2) Keeping the economy and employment positive.
3) US dollar strength.
The above is known as the economic 'Dollar Trinity' choice.
The FED and the DEM's (US mid terms 2022) will choose a higher stock market and keeping the economy positive, this means the US dollar is due to suffer weakness.
Bitcoin will do well during US dollar weakness. But how high will BTCUSD go in 2021, lets see how Max Keiser worked out his $225,000 USD price target for 2021.
POINT: Channels drawn correctly are the path for price action.
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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 desire for constant action irrespective of underlying conditions is responsible for many losses on Wall Street, even among the professionals, who feel that they must take home some money every day, as though they were working for regular wages.”..
Jesse Livermore
.."Money can't buy you happiness but it does bring you a more pleasant form of misery"..
Spike Milligan
.."Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected"..
George Soros
.."The first rule is not to lose. The second rule is not to forget the first rule"
Warren Buffett
.....“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
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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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