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Created on: 1/21/2022 5:43:47 PM Last Update: 1/21/2022 5:46:33 PM Posted by: RTT
WARNING: This entry is 610 days old. It may contain broken links, out-dated or misleading content. Please read on with caution.
1 POST
Bitcoin Swings Down to Support
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 Come on! Seriously do you think a 400% rally for Bitcoin was going to be given to the public easily. Without any pain! Come on muppets!
The uniformed (public) buy when price is rising or breaking new highs, the informed buy when price is falling or breaking lows.
The informed have to do it this way as they are large volume players and the only way they can buy large volume is to create chaos. The chaos brings to the market the weak holders and a forced sell. Price is moved to where the volume can be accumulated, in a bull trend that is down to critical support.
Of course if price is in a true bull market the 'chaos' created should not break critical long term trend signals, the short and intermediate term signals are fair game. The next few weeks will confirm or deny the large players position on the trend of this market, bull or bear. Time will tell.
It is very typical that these price support tests are around option expiration (Jan 21/28) and FED FOMC decisions (Jan 26), just enough chaos to get the desired response from policy makers.
Chart BTC with ETH
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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.
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Investing Quote...
..“The Tape Reader’s profits should develop naturally. He should buy or sell because it is the thing to do – not because he wants to make a profit or fears to make a loss”…
Richard D. Wyckoff
..“If it’s obvious, it’s obviously wrong.”..
Joe Granville
..'The inherent vice of capitalism is the unequal sharing of blessings. The inherent vice of socialism is the equal sharing of miseries"..
Winston Churchill
..“The main purpose of the stock market is to make fools of as many men as possible”..
Bernard Baruch
.."Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it"..
Warren Buffett
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