12.3 C
New York
Friday, April 19, 2024

Energy Lines on Crypto Currency

Courtesy of Read the Ticker

energy-lines-on-crypto-currencyLet us assume crypto is going to catch fire, with blow off tops which extend, so how hot will crypto prices truly get.



The current US economic environment is one of rising prices (ISM Price Index up) while growth is slowing (employment and ISM manufacturing index down), this is stagflation, which is an ideal setting for lower US dollar prices and higher gold, silver and crypto prices.



An elephant moves so fast, a lion moves faster, each have their own pace or stride, so does a price of a security. Parallel channel lines can show the energy of price moves, therefore we can see what can happen if we map prior energy price move to a current price move.



Well it is as good as any other tool out there! Ha!







Chart 1 – LITECOIN TARGET 





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

Litecoin










Chart 2 – ETHEREUM TARGET





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

Ethereum








Divider







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.
This post is a delayed and small sample of what is avaliable to members. Sign up to enjoy the full service.





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 power to determine the trend of the market is due to my knowledge of the characteristics of each individual stock and a certain grouping of different stocks under their proper rates of vibration. Stocks are like electrons, atoms and molecules, which hold persistently to their own individuality in response to the fundamental Law Of Vibration”….”After exhaustive researches and investigations of the known sciences, I discovered that the Law Of Vibration enabled me to accurately determine the exact points to which stocks or commodities should rise and fall within a given time. The working out of this law determines the cause and predicts the effect long before the Street is aware of either”..



William D Gann





..”Fundamentals might be good for the first third or first 50 or 60 percent of a move, but the last third of a great bull market is typically a blow-off, whereas the mania runs wild and prices go parabolic… There is no training, classroom or otherwise, that can prepare for trading the last third of a move, whether it’s the end of a bull market or the end of a bear market.”…



Paul Tudor Jones





..”The first rule is not to lose. The second rule is not to forget the first rule”



Warren Buffett





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



John (Jack) Bogle





..”When I bet big .. I have a mind to own a position for years .. Yet you must have a ruthless objectiveness and open mindedness as to when the facts change to exit the position, if so within hours or days .. I have not used a stop loss in 40 years”..



Stanley Druckenmiller







1 COMMENT

Subscribe
Notify of
1 Comment
Inline Feedbacks
View all comments

Stay Connected

157,351FansLike
396,312FollowersFollow
2,290SubscribersSubscribe

Latest Articles

1
0
Would love your thoughts, please comment.x
()
x