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Energy Lines on Crypto Currency
Created on: 5/9/2021 3:40:39 PM

energy-lines-on-crypto-currencyLet us assume crypto is going to catch fire, with blow off tops which extend, so how hot will crypto prices truly get.

The current US economic environment is one of rising prices (ISM Price Index up) while growth is slowing (employment and ISM manufacturing index down), this is stagflation, which is an ideal setting for lower US dollar prices and higher gold, silver and crypto prices.

An elephant moves so fast, a lion moves faster, each have their own pace or stride, so does a price of a security. Parallel channel lines can show the energy of price moves, therefore we can see what can happen if we map prior energy price move to a current price move.

Well it is as good as any other tool out there! Ha!



Chart 1 - LITECOIN TARGET 


Litecoin






Chart 2 - ETHEREUM TARGET


Ethereum





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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.


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...

.."I believe that the public wants to be led, to be instructed, to be told what to do. They want reassurance. They will always move en masse, a mob, a herd, a group, because people want the safety of human company. They are afraid to stand alone because they want to be safely included within the herd, not to be the lone calf standing on the desolate, dangerous, wolf-patrolled prairie of contrary opinion."..

Jesse Livermore


.."When a dictatorship is a fact. Revolution becomes a right"..


Victor Hugo

.."Socialism in general has a record of failure so blatant that only an intellectual could ignore or evade it"..


Thomas Sowell

.."The first rule is not to lose. The second rule is not to forget the first rule"

Warren Buffett


The minute you get away from the fundamentals – whether it’s proper technique, work ethic, or mental preparation – the bottom can fall out of your game.

Basketball Legend Michael Jordan.




Who is readtheticker.com: We are financial market enthusiasts using methods expressed by the Gann, Hurst and Wyckoff with a few of our own proprietary tools. Readtheticker.com provides online stock and index charts with commentary. We are not brokers, bankers, financial planners, hedge fund traders or investment advisors, we are private investors.

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