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Friday, March 29, 2024

Cycle Review – Ethereum

Courtesy of Read the Ticker

cycle-review--ethereumSome investors believe Ethereum (ETH) can over take Bitcoin (BTC) in market cap during this bull cycle. 

The cycles (Chart 1) below are part of readtheticker.com tool kit, they were found with the 'Bartels' mathematical formula. The better the Bartels score the better the fit for the cycle to price. Add in basic channels and support and resistance and a chart reader can see price targets for new lows and highs. The leading cycle for ETH suggest a low is near.

Ethereum is currently upgrading to EIP1559.

 


 


Chart 1


ETH
 

 

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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 AnglesCyclesWyckoff 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 Quotes…

…"They say you never grow poor taking profits. No, you don’t. But neither do you grow rich taking a four-point profit in a bull market."..
Jesse Livermore

.."It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong".
George Soros

..“Investing should be like watching paint dry or watching grass grow. If you want excitement…go to Las Vegas.”…
Paul Samuelson

Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.
Nobel Laureate for Economics Paul Samuelson

…“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).

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