The Coming Bitcoin Ambush

If you are accurate drawing your trading channels you will see this ambush setup on bitcoin.


All charts of bitcoin are in USD terms.

The big boys (and some late to the party) want to accumulate hard to get bitcoins, therefore the only way they can do this is scare them out of the weak hand wallets. Those who brought above $1000 on the way up to $20000. Of course (and lets hope for the bulls) the big boys do not want to break the chart completely and force a panic sell off beyond critical levels of massive support (say BTC $1000 USD). 

So this most recent pop from $3000 to $4300, we believe, is a bull trap, higher prices to build up shorts and bull disappointment to get price down below $2700 USD. Price nearly was falls down through support from a run down from resistance. Lets face it, bitcoin is thin, it can be pushed around 20% with ease.

A sell off which holds above $1000 is still very bullish. If you are a Elliot Waver, you can see there is more waves to unwind down below $3000 as they selling is not done. 

The big channels chart of Bitcoin USD. (Note: Readtheticker draws and holds over time channel objects with ease and great accuracy.)

A zoom into the zone of decision. 

Original Post: https://ift.tt/2Xrld9d

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Comment: The Next Huge Crash Test for Financial Markets - Jim Rickards on "In Gold we trust" youtu.be/88nRt1WhQ5E

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Original Post: http://bit.ly/2SI0u25

Dow Jones Gann Angle Update

Let's review the Dow Jones Industrial Gann Angles and its secret sauce dominate cycle.


Dow Jones hit upper resistance Gann angle early 2019, a sell of followed, now the bounce works its way through the down ward Gann Angle, a fail at either make or break point will see the bounce sell off, and that may get very interesting!

This cycle has worked for over 100 years, now we much watch the rest of 2019 to see if we get any more downward pressure. This cycle was found using readtheticker.com Hurst cycle tools and Bartels math.

Original Post: http://bit.ly/2DHWJPP

The Great Bitcoin Slide

We can not be serious all the time, so folks time for a market funny!



The great bitcoin sell off is very much like riding the 'Guinness World Record World's Longest Water slide', and at the end you get a grass burn on you bum! Which is yet to happen for those holding Bitcoin, the ride down is not finished yet!

Bitcoin in USD chart reminder.

Imagine you are a Bitcoin hodler riding price all the way down! Not as much fun as a water slide! ha!

Guinness World Record World's Longest Water slide, website
Location:Auckland, New Zealand (Kiwi's are nuts!)

Great fun!


Original Post: http://bit.ly/2DnpKAi

Australia to enter a very sad period - Update

The ASX has held up since 2009, and it has done this ugly!


Previous Posts
Australia to enter a very sad period 
Power of Mean Reversion with the Aussie ASX 

The video below explains the main fundamentals concerning the Australian equity and currency markets.

On a possible US or World recession.

If a US recession does happen (say) late 2019/20, ASX will catch more than a cough, it will be most likely be the full blown bird flue. We also know China will not hold up. Easy money (QE) may not be the magic pill, because the numbers required to cover the debt may be too great. A reminder China printed 18% of their GDP (about $1.5T USD) in 2009, and you think the US Federal Reserve saved the day with their tiny $700 BN to a few private investment banks! ha!

Grant Williams talk ( about 18 min in from start)

Most recent All Ord Chart!

Historic chart showing multiple 5 waves up

Good Luck Aussie!





Original Post: http://bit.ly/2RYr9Y1