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Created on: 9/5/2021 6:38:03 PM Last Update: 9/5/2021 6:50:57 PM Posted by: RTT
1 POST
Litecoin shows the value of price channels
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 readtheticker studies the old masters (Gann, Wyckoff, Livermore, Dewey/Hurst/Cycles) but it has to be said simple price channels clearly show the support and resistance road map for price.
NOTE: RTT Plus members can review our library of 'Big Channels' charts, via RTT Charts (main menu in RTT Plus)
Chart 1 - See how (log) price moves between the parallel channel lines, forecasting zones of support and resistance, as well as rally's and sell offs targets becomes a breeze.
Click for popup. Clear your browser cache if image is not showing.
Chart 2 - You can measure a price swing move by seeing how it moves between channel lines, the last LTC rally went from 50 to 400 or 3x blue channels. The price low after the July 2021 correction was near $120, so add 3x blue channels widths (same as before) and your new target is near $1000.
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.
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 cost me millions to learn that another dangerous enemy to a trader is his susceptibility to the urgings of a magnetic personality when plausibly expressed by a brilliant mind.”...
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
..."This [Federal Reserve Act] establishes the most gigantic trust on earth. When the President Woodrow Wilson signs this bill, the invisible government of the monetary power will be legalized....the worst legislative crime of the ages is perpetrated by this banking and currency bill."...
Charles August Lindbergh Snr
.."Earnings don’t move the overall market; it’s the Federal Reserve Board… focus on the central banks and focus on the movement of liquidity… most people in the market are looking for earnings and conventional measures. It’s liquidity that moves markets"...
Stan Druckenmiller
.."A radical is one who speaks the truth."..
Charles August Lindbergh Snr
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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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