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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 472 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.
Click for popup. Clear your browser cache if image is not showing.
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...
..."In the long run commodity prices are governed by one law – the economic law of demand and supply"..
Jesse Livermore
Unless you can watch your stock holding decline by 50 per cent without becoming panic stricken, you should not be in the stock market.
Warren Buffett
.."I was educated once - it took me years to get over it"..
Mark Twain
.."A market is the combined behavior of thousands of people responding to information, misinformation and whim"..
Kenneth Chang
...“People somehow think you must buy at the bottom and sell at the top to be successful in the market. That’s nonsense! The idea is to buy when the probability is greatest that the market is going to advance”...
Martin Zweig (The inspiration behind a number of Martin Zweig’s methods came, from Jesse Livermore).
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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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