Bitcoin Crash Big Channel Review
Is bitcoin digital gold? Well 2020 will tell us if this is true. Should you double up?
First you must congratulate bitcoin (BITCOMP) and litecoin (LTC-Xf) or how liquid it is, well done!
So what happens next?
Do you invest for the sci fi world coming on the back of new fancy tech which will use just in time internet money any where in the world ? Will you trust banks once the great crash of 2020 is over? Will governments be desperate for economic activity and remove taxation burdens to allow tax free BTC or LTC transactions.
Who knows! This blog is bullish, but it will take time, so monies invested now may take 3 to 5 years to grow.
What we do know is Bitcoin has a trending relationship with the green channel in the chart below, and so far it is holding. So keep your powder dry in the next few weeks to ensure it does hold, and watch late into 2020 when prices should advance into 2021.
Big Channel review.
Click for popup. Clear your browser cache if image is not showing.
Close up look.
Click for popup. Clear your browser cache if image is not showing.
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. This post is a delayed and small sample of what is available to members. Sign up to enjoy the full service.
Investing Quote...
.."After exhaustive researches and investigations of the known sciences, I discovered that the Law of Vibration enabled me to accurately determine the exact points to which stocks or commodities should rise and fall within a given time. The working out of this law determines the cause and predicts the effect long before the Street is aware either."..
William D Gann
.."The first rule is not to lose. The second rule is not to forget the first rule"
Warren Buffett
."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
.."The key to making money in stocks is not to get scared out of them"
Peter Lynch
.."Until an hour before the Devil fell, God thought him beautiful in Heaven"..
Arthur Miller, “The Crucible”
[Contrarian Investing]