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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 579 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...
.."At long as a stock is acting right, and the market is right, do not be in a hurry to take profits"..
Jesse Livermore Trading Rule
..“The key to successful investing is having everyone agree with you — LATER.”..
Jim Grant
..“I buy on the assumption they could close the market the next day and not reopen it for five years” and “Much success can be attributed to inactivity. Most investors cannot resist the temptation to constantly buy and sell.”..
Warren Buffet
.."There is only one way to kill capitalism - by taxes, taxes, and more taxes"..
Karl Marx
..“Investing should be like watching paint dry or watching grass grow. If you want excitement…go to Las Vegas.”...
Paul Samuelson
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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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