Here is why Bitcoin jumped 20%

If you are having trouble understanding the news behind the bitcoin (bitcomp) price move, don't fret here is the answer.

1) Gold and silver starting to react to US FED repo non QE US Dollar creation.

2) Congress questioning of Zuck on Libra did not surprise.

3) Bitcoin price hit trusted outer demand channel line (see chart below).

The answer is mostly (3), of course to monitor price action near channels you must chose your charting software carefully, to ensure it draws true and accurate channels correctly. We do this well. 

 

(Click on image to enlarge)

 

Fundamentals are important, and so is market timing, we believe a combination of Gann Angles, Cycles, Wyckoff and Ney logic is the best way to secure better timing than most, after all these methods have been used successfully for 70+ years.


Investing Quotes...
 

.."Success in trading means excess of profits over losses. If anyone tells you they can almost be invariably successful, put him down as trying to impose on your credulity."..

Richard D Wyckoff


.."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



.."The financial markets generally are unpredictable. So that one has to have different scenarios... The idea that you can actually predict what's going to happen contradicts my way of looking at the market."..

George Soros



.."Fundamentals might be good for the first third or first 50 or 60 percent of a move, but the last third of a great bull market is typically a blow-off, whereas the mania runs wild and prices go parabolic... There is no training, classroom or otherwise, that can prepare for trading the last third of a move, whether it's the end of a bull market or the end of a bear market."...

Paul Tudor Jones


.."If past history was all there was to the game, the richest people would be librarians"..

Warren Buffett