Some investors believe Ethereum (ETH) can over take Bitcoin (BTC) in market cap during this bull cycle.
The cycles (Chart 1) below are part of readtheticker.com tool kit, they were found with the 'Bartels' mathematical formula. The better the Bartels score the better the fit for the cycle to price. Add in basic channels and support and resistance and a chart reader can see price targets for new lows and highs. The leading cycle for ETH suggest a low is near.
Ethereum is currently upgrading to EIP1559.
Chart 1
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...
..."They say you never grow poor taking profits. No, you don’t. But neither do you grow rich taking a four-point profit in a bull market."..
Jesse Livermore
My experience has been that in successful businesses and fund management companies, which performed well over the long-term, some courageous decisions were taken. Courageous fund managers reduce their positions when markets become frothy and accumulate equities when economic and social conditions are dire. They avoid the most popular sectors, which are therefore over-valued, and invest in neglected sectors because being neglected by investors they are by definition inexpensive. The point is that it is very hard and that it takes a lot of courage for a fund manager to avoid the most popular sectors and stocks and to invest in unloved assets. Finally, every investor understands the principle ‘buy low and sell high’, but when prices are low nobody wants to buy.
Marc Faber
.."The problem with socialism is that you eventually run out of other peoples' money"..
Margaret Thatcher
..."The four most dangerous words in investing are 'This time it's different' "...
John Templeton
...“I swear by my life and my love of it that I will never live for the sake of another man, nor ask another man to live for mine.”...
Ayn Rand