Courtesy of Read the Ticker
Come on! Seriously do you think a 400% rally for Bitcoin was going to be given to the public easily. Without any pain! Come on muppets!
The uniformed (public) buy when price is rising or breaking new highs, the informed buy when price is falling or breaking lows.
The informed have to do it this way as they are large volume players and the only way they can buy large volume is to create chaos. The chaos brings to the market the weak holders and a forced sell. Price is moved to where the volume can be accumulated, in a bull trend that is down to critical support.
Of course if price is in a true bull market the 'chaos' created should not break critical long term trend signals, the short and intermediate term signals are fair game. The next few weeks will confirm or deny the large players position on the trend of this market, bull or bear. Time will tell.
It is very typical that these price support tests are around option expiration (Jan 21/28) and FED FOMC decisions (Jan 26), just enough chaos to get the desired response from policy makers.
Chart BTC with ETH
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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. This post is a delayed and small sample of what is available to members. Sign up to enjoy the full service. Support this work by buying us a hot drink by CLICKING HERE. If you would like to make a greater contribution, please make a donation by CLICKING HERE
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Investing Quote…
…"There is what I call the behaviour of a stock, actions that enable you to judge whether or not it is going to proceed in accordance with the precedents that your observation has noted. If a stock doesn’t act right don’t touch it, because, being unable to tell precisely what is wrong, you cannot tell which way it is going."…
Jesse Livermore
.."Wait for that wisest of all counselors, Time"..
Pericles
.."Just because you’re taught that something’s right and everyone believes it’s right, it don’t make it right."..
Mark Twain
..“If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he is wrong.”..
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
