Bitcoin (BITCOMP) has charged to the moon 4 times, well it looks like we going for a 5th. Bitcoin having 52 week new highs will bring the 'Robin Hoods' into the game.
This time may not be 10x, but 1x or 2x is still very nice thank you!
Chart 1: Accumulation is present, this alone suggest higher prices. In this blog view a typical risk on period is required to allow crypto's to rally (that is SP500 and oil up with the US dollar down), and this may arrive while during the US election chaos.
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Chart 2: Big point. Notice how open interest has a lot of room to move before prices reflect a top is near.
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Chart 3: Bitcoin to $100,000 by 2021 is a little extreme for this blog.
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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 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.
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
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