readtheticker blogger: September 2019

Tuesday, 24 September 2019

Bitcoin fenced in by price channels

Price channels are a wonderful thing, the show true support and resistance, and fence in market noise.

Previous Post: Bitcoin 2019 fractal with Gold 2013 , Bitcoin Wyckoff Accumulation Pattern

A sudden and sharp test of the downside was expected (see post 14 Aug 2019).

BTC

In Wyckoff logic terms the current (2019-09-24) sharp attack (10% drop) on price support lines still may qualify as a high volume spring, and of course will require further testing to prove it is not a dramatic sell off. We will wait and see.

Yes risks are very present and the not so good news of the go live Bakkt bitcoin futures contract has been used for such an attack on support lines. Yet this is a side note as bitcoin continues to be digital gold, plus for the big boys to get in they must maneuver prices lower to acquire volume to accumulate at discount prices. Mission accomplished!

Channel lines fencing in bitcoin market price action noise.

Short term view

Bitcoin 1

Longer term view

Bitcoin 2

Original Post: https://ift.tt/2l0XVbM

Sunday, 15 September 2019

Crude Oil Cycle Bottom aligns with Saudi Oil Attack

Do the cycles know? Funny how cycle lows attract the need for higher prices, no matter what the news is!

These are the questions before markets on on Monday 16th Aug 2019:

1) A much higher oil price is quick time can not be tolerated by the consumer, as it gives birth to much higher inflation and a tax on the average Joe disposable income. This is recessionary pressure.

2) With (1) above the real issue will be the higher interest rate and US dollar effect on the SP500 near all time highs.

3) A moderately higher all price is likely to be absorbed and be bullish as it creates income for struggling oil companies and the inflation shock may be muted.

We shall see.

Below we show off readtheticker RTT Cycle Finder Spectrum.

Crude Oil cycle

Original Post: https://ift.tt/2O1jy7S

Wednesday, 11 September 2019

Dow to 38,000 by 2022

President Trump said the Dow would be 10,000 points higher if it was not for the FED.

In truth if the Dow breaks to new all time highs the next stop is 38,000 and he may be proven correct. Is there an election on?

Of course who knows? But lets continue.

The fundamentals behind this may be:

- A good deal with China.
- The FED turning on easy money with further rate cuts (very strange with a market near all time highs). FOMC Sept 17th well tell us more.
- The above turbo charging stock buy backs.
- Off shore money running out of foreign equity markets in to US markets (see note1).

Note1: Of course this has happened before, one particular time was just before Oct 1987 stock market crash, as it was proven the US stock market does not act in isolation, and can not escape the world economic environment, hence the quick and sharp stock market correction Oct 19 1987.

In the chart below:

- Notice how the Dow moves in burst between the green divider channel lines. It like an even pulse of a market move.

- The most recent consolidation is a Wyckoff re accumulation cause (well so far) and the effect would carry stocks to 38,000. It is not distribution as one would expect more volatility and we do not have that.

- 38,000 target is the next green outer channel line.

Dow 1 Wyckoff

Here is the longer term view of the red and green channels.

Dow 2 Wyckoff

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

Tuesday, 3 September 2019

RTT browsing latest..

Please review a collection of WWW browsing results.

The information here is delayed by a few months, members get the most recent content.

Date Found: Monday, 25 March 2019, 02:25:19 AM

Comment: Greyerz – The Most Important Chart Of This Century And What Will Take The World By Surprise | King World News

Date Found: Monday, 25 March 2019, 02:41:58 AM

Comment: "New" World Order Criminal Bankers Caused the American Revolution : bankers are pirates youtu.be/eqmMlWbKwIA

Date Found: Tuesday, 26 March 2019, 11:06:18 PM

Comment: It isn’t foreign buyers who are funding US gov deficit right now, it is domestic investors. Foreign buyers haven’t been big source of demand for Treasury since 2015. Deutsche Bank

Date Found: Thursday, 28 March 2019, 01:47:28 AM

Comment: If you can not sell stuff, stocks build up, its a slow down folks

Date Found: Thursday, 28 March 2019, 05:05:51 PM

Comment: Its a long wait! But its coming!

Date Found: Thursday, 28 March 2019, 10:31:25 PM

Comment: The $1 Trillion Devil in the Details youtu.be/CZhPeKsAnu0

Date Found: Saturday, 30 March 2019, 04:39:27 PM

Comment: John P. Hussman on Twitter: "As a standalone indicator, I've never viewed the yield curve as particularly timely or dependable, but in a hypervalued market that's rolling over near record highs, you may want to pay attention. In those conditions, investors have far less time than they imagine.… t.co/asIBo4xKB8";