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Thursday, April 18, 2024

The Great Bitcoin Slide

Courtesy of Read the Ticker.

the-great-bitcoin-slideWe can not be serious all the time, so folks time for a market funny!





The great bitcoin sell off is very much like riding the ’Guinness World Record World’s Longest Water slide’, and at the end you get a grass burn on you bum! Which is yet to happen for those holding Bitcoin, the ride down is not finished yet!



Bitcoin in USD chart reminder.



Click for popup. Clear your browser cache if image is not showing.

BTC




Imagine you are a Bitcoin hodler riding price all the way down! Not as much fun as a water slide! ha!



Guinness World Record World’s Longest Water slide, website

Location:Auckland, New Zealand (Kiwi’s are nuts!)












Great fun!






Fundamentals are important, and so is market timing, here at readtheticker.com we believe a combination
of Gann Angles,
Cycles,
Wyckoff and
Ney logic
is the best way to secure better timing than most, after all these methods have been used successfully for 70+ years. To help you applying Richard Wyckoff and Richard Ney logic
a wealth of knowledge is available via our RTT Plus membership.





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…



…“After spending many years in Wall Street and after making and losing millions of dollars, I want to tell you this:  It never was my thinking that made the big money for me.  It was always my sitting.  Got that?  My sitting tight!”…



Jesse Livermore





..”If you have trouble imagining a 20% loss in the stock market, you shouldn’t be in stocks”..



John (Jack) Bogle





Novice Traders trade 5 to 10 times too big. They are taking 5 to 10% risks on a trade they should be taking 1 to 2 percent risks.



Bruce Kovner





..“How many millionaires do you know who have become wealthy by investing in savings accounts?”..



Robert G Allen





..“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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