The Fastest Money

The fast money happens near the end of the long trend.


Securities which attract a popular following by both the public and professionals investors tend to repeat the same sentiment over their bull phase. The chart below is the map of said sentiment.

Video on the subject.

Charts in the video

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Silver Review

We used to say billions, now its trillions of money printing, and investors are hunting for a way to defend their purchasing power, silver is one way to do so.



Lets review silver with Elliot wave, Wyckoff, Cycles and Fractals.

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Date Found: Saturday, 29 August 2020, 05:46:16 PM

Comment: Low liquidity means price can MOVE fast either way!

Date Found: Saturday, 29 August 2020, 05:52:11 PM

Comment: if you have 100% of life savings in stocks alone, please adjust for a crash landing.

Date Found: Saturday, 29 August 2020, 09:25:52 PM

Comment: This a lagging, indicator.. SP500 news highs will change the red line!

Date Found: Wednesday, 02 September 2020, 11:35:38 PM

Comment: it’s not looking good for the #USD Could the #Euro break 1.30?

Date Found: Saturday, 05 September 2020, 11:29:42 PM

Comment: Navigate The Markets Last Leg Up Before The BIG CRASH | David Hunter youtu.be/oN3csMowowM

Date Found: Monday, 07 September 2020, 06:42:55 PM

Comment: Bitcoin 2020 (purple).. warming up!

Date Found: Saturday, 12 September 2020, 08:37:28 PM

Comment: The Great Depression Of The 2020's youtu.be/bFV05jKuakA

Date Found: Saturday, 12 September 2020, 10:35:44 PM

Comment: ALERT! China & the "Silver Knights" to Attack Silver Riggers Next Week?!... youtu.be/-EvwUBoRbuM

Date Found: Wednesday, 16 September 2020, 02:05:40 AM

Comment: WOW More FANG gains to go!

Date Found: Wednesday, 16 September 2020, 02:28:20 AM

Comment: Luke Gromen (Dollar Hegemony Fading) youtu.be/C5Ahqp-J1Cw

Date Found: Friday, 18 September 2020, 02:12:18 AM

Comment: Peter Boockvar and Yra Harris on the Financial Markets, Commodities youtu.be/MggilcZsos8

Date Found: Sunday, 20 September 2020, 11:17:16 PM

Comment: Raoul Pal - How Institutional $ is playing Crypto - Macro & Crypto Collide youtu.be/H-hOjHkg1rk

Date Found: Wednesday, 30 September 2020, 10:16:48 PM

Comment: Interview - Michael Douville - September 30, 2020 youtu.be/OivBgReOwgE

Date Found: Saturday, 03 October 2020, 04:43:14 PM

Comment: OFF TOPIC: Emirates Team New Zealand AC75 Yacht Sailing Auckland, New Zealand The new normal in sailing ..

Date Found: Monday, 05 October 2020, 11:01:21 PM

Comment: Blue line ignoring pink zone.. for how long! Interest rates contained .. for how long!

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Which to trade? Fundamentals or Technicals

Best to trade technical's, best to trade fundamentals, best to trade technical's, etc.



Consider Paul Tudor Jones quote below.

.."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."...

In short, markets start with macro but in the end they are more like a ponzi. 


Which is best to trade fundamentals or technical's?


The answer is both and with different weights at different stages of the market, in the early part of the market fundamentals will have more weight, but as the market matures fundamentals must be balanced with the technical's. Because a market involves humans, and fear are greed are at work, more so when prices are extreme.



To demonstrate the above listen to this very good fundamental chat on Ethereum. 

At the 41.40 min mark Raoul Pal answers the question as to a possible price forecast of Ethereum, he says:

.."nobody can think is exponential terms, humans are incapable of this"...

So there you have it after 40 minutes fundamental chat, price is determined by humans in a free market environment of greed (demand) and fear (supply). Technical's are used to measure lows and extremes of greed and fear, just like the price channels below:

But in the end even Ponzi met reality.

..."The minute you get away from the fundamentals – whether it’s proper technique, work ethic, or mental preparation – the bottom can fall out of your game"...

Basketball Legend Michael Jordan

The only thing in mania markets is a minute can be weeks, months or years.





 

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Price channels on Ethereum

Support and resistance levels are critical, yet finding them is an art and not a science, channels are one of our favorite tools to do this, and once found they can show blue skies for higher prices.


Previous post: Best Wyckoff Accumulation for 2020

Since computers came on the scene there has been an explosion of algorithms and all sorts of fancy widgets and gadgets to read price and volume action.

Readtheticker.com is old school and we base our primary chart reading on the theories of Wyckoff, Evans, Gann, Ney and Hurst. In all these theories support and resistance determination is critical, and parallel price channels drawn off A-B-C points which find true price support and resistance levels completes the task.

Below are two charts, standard price chart and a log price chart with parallel price channels, to show the important contrast.

Note: RTT Plus members can view the private members chart book of price channels on all major indexes, currency and crypto's.

Chart 1- Standard.

Chart 2- Log with channels.

You can see how price moves between channel lines. If you had known the A-B-C channel drawing points early forecasting price via support and resistance would be a breeze. Please note the A-B-C drawing points need not be extreme price points, they are the price points which generate the best channel fit to price.

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