Courtesy of Read the Ticker
Here is why BTCUSD to $200,000 is now on the table in 2021.
During a period of heavy money printing with higher debt levels the FED must choose between two of the following to avoid a collapse:
1) Higher stock prices.
2) Keeping the economy and employment positive.
3) US dollar strength.
The above is known as the economic 'Dollar Trinity' choice.
The FED and the DEM's (US midterms 2022) will choose a higher stock market and keeping the economy positive, this means the US dollar is due to suffer weakness.
Bitcoin will do well during US dollar weakness. But how high will BTCUSD go in 2021, lets see how Max Keiser worked out his $225,000 USD price target for 2021.
POINT: Channels drawn correctly are the path for price action.
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Changes in the world are 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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Investing Quote…
.."Keep the number of stocks you own to a controllable number. It is hard to herd cats, and it is hard to track many securities. Take your losses quickly and do not brood about them. Try to learn from them but mistakes are as inevitable as death."..
Jesse Livermore
.."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
…“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).
.."The stock market is filled with individuals who know the price of everything, but the value of nothing"..
Philip Fisher
..“Don’t try to buy at the bottom and sell at the top. It can’t be done except by liars.”..
Bernard Baruch
