Bitcoin Cycles Review

readtheticker.com uses Bartel's logic to find dominant cycles in a time series.


Cycles are present in markets, as shown below the 22 and 40 day cycles on calendar days looks like the best fit. Therefore the chart below suggest we can expect a bitcoin low either now or in a few weeks.

Bitcoin has not been effected by the SP500/Dow sell off which is a very bullish sign, bitcoin may see safe haven money chasing price very soon, add to this the sister coin, litecoin, isgetting ready for wider use with the massive e-commerce payment market (litepay, litepal, atomic swamps, lightening network).

The bitcoin move is not over!

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Bitcoin Update, demand is present

When a Wyckoff trader looks at a stock chart of price and volume one looks for foot prints of material demand and supply.
The current bitcoin chart shows very significant demand prints.

More from RTT Tv

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Falling USD with higher US interest rates pushes gold higher

There is something broken when shorter term interest rates go higher while the currency falls,
and when it is the worlds largest economy it kinda matters. It means the US paper debt is not that attractive due to elevated inflation risks.

It looks like 2018 is repeating 1985-1988 gold trend, good accumulation along the 600 week simple moving average (SMA) which is then followed by a $100 spike in the gold price. This would push the 2018 gold price to near $1,500.

With Trump positioning him self to do well in the mid terms, tariff talk, lower dollar, higher wages, more manufacturing, higher inflation risk (Wall street inflation is moving to Main street inflation) you can expect the current gold trend trend to continue. Add to this the unknown from the petro-dollar shake up from the Chinese Yaun/oil/gold contract go live at the end of March 2018.

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