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Crypto heading higher

Courtesy of Read the Ticker

crypto-heading-higherThe end of the year is here. Central banks have made their moves, big money is looking for the next 100% move and Crypto looks like it has higher highs in store.

The 2021 world wide interest rate changes are minimal, and the negative yield (interest rate less head line inflation) is deep therefore the cost of capital remains very low. The oil price peak suggests inflation will soon peak and roll over. Wages are slowing creeping higher but do not hurt yet. Chinese credit impulse (Chart 3) has bottomed and looking to turn up. The first 6 months of 2022 looks great for higher risk on assets. 

The recent 7 month consolidation of Crypto has allowed many who missed the break out from the March 2020 lows to accumulate and soon higher highs will reward those who held on.

Chart 1 – Bitcoin loves to bounce off the green channel lines.

 

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BTC
 

Chart 2 – Ethereum has been holding well to the blue channel lines.

 

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ETH
 

Chart 3 – Chinese Credit Impulse looking to turn up

 

China credit impulse
 

 

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NOTE: Posts here are the lite version, more depth on each subject can be found via our RTT Plus membership.

Changes in the world are the source of all market moves, to catch and ride the change we believe a combination of Gann Angles,
CyclesWyckoff, 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…

 

.."Without specific, clear, and tested rules, speculators do not have any real chance of success"..

Jesse Livermore

..'The inherent vice of capitalism is the unequal sharing of blessings. The inherent vice of socialism is the equal sharing of miseries"..

Winston Churchill

In the short run, the market is a voting machine, but in the long run it is a weighing machine.

Benjamin Graham

..“Don’t try to buy at the bottom and sell at the top. It can’t be done except by liars.”..

Bernard Baruch

.."man exists for the achievement of his desires"..

Ayn Rand

 


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