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Wyckoff Bitcoin target $5,000 – Update

Courtesy of Read the Ticker.

wyckoff-bitcoin-target-5000--updateUpdate to our very popular bitcoin (BTCSTAMPUSD) analysis.



Supply has dried up, if that is it, then demand has the freedom to push prices up! Two things can slow the advance: Supply overcoming demand, or no interest from demand (or as Tom Williams used to say ‘No Demand bars’).



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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…



…“Losing money is the least of my troubles.  A loss never troubles me after I take it.  I forget it overnight.  But being wrong – not taking the loss – that is what does the damage to the pocket book and to the soul.”…



Jesse Livermore





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.





..The time of maximum pessimism is the best time to buy and the time of maximum optimism is the best time to sell”..



John Templeton





..“Investing should be like watching paint dry or watching grass grow. If you want excitement…go to Las Vegas.”…



Paul Samuelson





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












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Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!