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Thursday, April 25, 2024

Crypto boost from weakness in USD

Courtesy of Read the Ticker

crypto-boost-from-weakness-in-usdHigh tech crypto is lifting off, but it is not acting on its own, other markets are assisting crypto higher.



Recently some great game changing news for Crypto investors.



From the 5 min mark.









Ethereum (ETH) is running hot on the DEFI boom (ChainLink), but as the chart shows the best ETH rallies are also paired with weakness in the US dollar. In short crypto rallies when there is true ‘risk on’ rally, stocks up, oil up, Euro up and dollar down. 





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ETH






Of course a ‘risk off’ period would see a dramatic sell of crypto.







Re posting of the US Dollar bearish cycle.







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DXY










More on the US dollar














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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.
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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…



..”There were times when my plans went wrong and my stocks did not run true to form, but did the opposite of what they should have done if they had kept up their regard for precedent. But they did not hit me very hard – they couldn’t, with my shoestring margins.”…



Jesse Livermore





…“People somehow think you must buy at the bottom and sell at the top to be successful in the market. That’s nonsense! The idea is to buy when the probability is greatest that the market is going to advance”…



Martin Zweig (The inspiration behind a number of Martin Zweig’s methods came, from Jesse Livermore).





..“One must search through a maze of complex and contradictory details to get to the significant facts … Then he must be able to operate coldly, clearly, and skilfully on the basis of those facts.” The challenge for the successful speculator is “how to disentangle the cold hard facts from the rather warm feelings of the people dealing with the facts.” Moreover, “if you get all the facts, your judgment can be right; if you don’t get all the facts, it can’t be right”…



Bernard Baruch





.”Buying stuff people hate, that’s the business we are in, right!”…”you may need to have a longer time horizon”…”be patient”..



Mark Yusko





..“Bull markets are born on pessimism, grow on scepticism, mature on optimism and die of euphoria.”..



John Templeton







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