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Created on: 6/24/2023 5:00:43 PM Last Update: 6/24/2023 10:02:41 PM Posted by: RTT
WARNING: This entry is 1143 days old. It may contain broken links, out-dated or misleading content. Please read on with caution.
1 POST
Bitcoin chasing dollar weakness
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 News that Blackrock have high odds to run a bitcoin spot ETF, sparked BTC higher.
Maybe that was the catalyst to spark the bulls. Fundamentals had already shifted months before.
Lets look ...
Chart 1 - The lower US dollar and higher Chinese 10 yr have signaled for a while that bitcoin had room to move higher.
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Chart 2 - Standard Wyckoff Accumulation story continues to build. A move to upper resistance would be healthy and shows the accumulation is still the head line story.
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Chart 3 - Bitcoin weaves it ways through support and resistance channels, like clock work.
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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.
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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...
...“After spending many years in Wall Street and after making and losing millions of dollars, I want to tell you this: It never was my thinking that made the big money for me. It was always my sitting. Got that? My sitting tight!”...
Jesse Livermore
..."There is no difference between communism and socialism, except in the means of achieving the same ultimate end: communism proposes to enslave men by force, socialism - by vote. It is merely the difference between murder and suicide"...
Ayn Rand
..“It is much harder to sell stocks correctly than to buy them correctly.” Because of the emotional aspect of trading, if a “stock went up, the average investor would hold because he wants more gains – he’s exhibiting greed. If the stock declines, he also holds on and hopes the stock will come back so he can at least sell and break even – he’s hoping against hope”..
Bernard Baruch
.."If past history was all there was to the game, the richest people would be librarians"..
Warren Buffett
.."More money has been lost trying to avoid bear markets than during the bear market itself"...
Peter Lynch
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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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