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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
WARNING: This entry is 900 days old. It may contain broken links, out-dated or misleading content. Please read on with caution.

1 POST Litecoin shows the value of price channels
litecoin-shows-the-value-of-price-channelsreadtheticker 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.

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litecoin



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.


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Litecoin




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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. 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...

.."There were times when my plans went wrong and my stocks did not run true to form, but did the opposite of what they should have done if they had kept up their regard for precedent. But they did not hit me very hard – they couldn’t, with my shoestring margins."...

Jesse Livermore


.."Just because you’re taught that something’s right and everyone believes it’s right, it don’t make it right."..


Mark Twain

...“Run for your life from any man who tells you that money is evil. That sentence is the leper's bell of an approaching looter”...


Ayn Rand

."Buying stuff people hate, that's the business we are in, right!"..."you may need to have a longer time horizon"..."be patient"..

Mark Yusko


.."Fundamentals might be good for the first third or first 50 or 60 percent of a move, but the last third of a great bull market is typically a blow-off, whereas the mania runs wild and prices go parabolic... There is no training, classroom or otherwise, that can prepare for trading the last third of a move, whether it's the end of a bull market or the end of a bear market."...

Paul Tudor Jones




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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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