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Bitcoin 2019 fractal with Gold 2013

Courtesy of Read the Ticker

bitcoin-2019-fractal-with-gold-2013Funny how price action patterns repeat, double tops, head and shoulders. These are simply market fractals of supply and demand.



More from RTT Tv



Ref: US Crypto Holders Only Have a Few Days to Reply to the IRS 6173 Letter



Today’s news from the US IRS has been blamed for the recent price slump, yet the bitcoin fractal like the gold fractal suggest the market players have set bitcoin up for a slump to $9000 USD long before the IRS news hit the wire.



Get the impression some market players missed out on the bitcoin rally from $4000 to $14000 and now welcome (planned for) bearish news to create a price slump to be able to accumulate bitcoin at a very good discount. Still reluctant to believe this market strategy, then please review the gold chart from 2011 to 2019, it goes like this: market top, slump, 6 years of consolidation (accumulation), now 2019 price breakout. Looks like bitcoin is going to suffer the same game play as gold, sure it may not be 6 years, but possibly 6 months. We watch and wait. 














Chart in the video.





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BTC Bitcoin crypto









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
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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…



…”Vibration is fundamental; nothing is exempt from this law; it is universal, therefore applicable to every class of phenomena on the globe.”…



William D Gann





..“I buy on the assumption they could close the market the next day and not reopen it for five years” and “Much success can be attributed to inactivity. Most investors cannot resist the temptation to constantly buy and sell.”..



Warren Buffet





..”The key to making money in stocks is not to get scared out of them”



Peter Lynch





..”Earnings don’t move the overall market; it’s the Federal Reserve Board… focus on the central banks and focus on the movement of liquidity… most people in the market are looking for earnings and conventional measures. It’s liquidity that moves markets”…



Stan Druckenmiller





..“The main purpose of the stock market is to make fools of as many men as possible”..



Bernard Baruch










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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!