Courtesy of Read the Ticker.
Dear Mr and Mrs Middle class you have been plucked and buttered ready for the oven of the next financial crisis.
Previous Posts, and notice the change in view due to bitcoin price strong move; The Coming Bitcoin Ambush , The Great Bitcoin Slide
The lessons of Cyprus should remind us all that the big losers during a banking crisis are the savers, and if a bank is currently deducting interest from your savings account (i.e negative interest rate) why would you keep money in a bank when recession risks grow. Banks go bust in a recession and bank bail ins are to be expected to be the norm during a crisis.
There are several ways to defend yourself from the claws of a bank bail ins:
1) Buy gold and silver (very liquid, risky).
2) Buy digital assets (very liquid, extremely risky).
3) Buy art and rare items (risky during a recession).
4) Buy Real Estate (risky during a recession).
It appears the mysterious and unknown Satoshi created a means of exchange out side the banking system which can not be debased and its design will allow it to be freely exchanged for products and services. Is it real or a government psyop, who knows, the truth is the journey is not over for the bitcoin.
Who is Satoshi?
Is he alive? Who knows! Satoshi is believed to be the holder of a key owning $1M bitcoin. The single largest key. So far has had no single transaction to date. Curious? Internet sleuths have hold this story out to be the best guess of who Satoshi is.
Everything cycles. The problem is finding out the cycle to help one forecast the next cycle. Here is how readtheticker cycle tools found bitcoin cycle.
Click for popup. Clear your browser cache if image is not showing. 
How was the cycle period this found ?
Europe is already a slave to economic madness.
The above has resulted in $13,000,000,000 USD (trillion) of bonds yielding negative interest rates. With recession odds for the US bouncing around 30% to 60% and on the occurrence of a recession the level of negative debt can only explode higher. Just crazy.
Click for popup. Clear your browser cache if image is not showing. 
No wonder gold is testing new 5 year highs. Gold is moving with the size of world wide negative debt.
Maybe as negative interest rates begin to explode one may think bitcoin (and litecoin) have yet to make its mark in financial history.
The journey for bitcoin and its sister coin litecoin is not over and new highs are on the horizon.
Of course gold and silver should enjoy higher prices as well.
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…
..“The Tape Reader’s profits should develop naturally. He should buy or sell because it is the thing to do – not because he wants to make a profit or fears to make a loss”…
Richard D. Wyckoff
..“If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he is wrong.”..
Bernard Baruch
..”The financial markets generally are unpredictable. So that one has to have different scenarios… The idea that you can actually predict what’s going to happen contradicts my way of looking at the market.”..
George Soros
…”The four most dangerous words in investing are ‘This time it’s different’ “…
John Templeton
..”It’s easier to fool people, than to convince them they have been fooled”..
Mark Twain
