Bitcoin Strategy Charts

Time to review short and long term bitcoin charts, can bitcoin really get to $200,000?


Inflation fundamentals, Bitcoin halving fundamentals, World wide money printing: Well nothing else is needed to be known. The Bitcoin pump for this halving cycle may be very near. 


If we are about to have a 300% or so rally in Bitcoin where can it go?


Bitcoin short term cycle (red) is good until Feb to April 2022.

The new Bitcoin ETF shows massive short interest with futures, every one has loaded up.

Bitcoin short term channel says $100,000 to $500,000

Bitcoin long term channel says $100,000 to $500,000

Bitcoin halving time frame match up says $100,000 to $500,000

Gann chart says watch $135,000 and $265,000 between now and May 2022.

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Price and Volume Swing Analysis on Bitcoin and Silver

Many take guidance from news, pundits or advisors. Well sometimes the swings of price and volume are a better measure of what happens next.


The big boys do not accumulate or distribute in single 1 second trade, they build positions over weeks, months and years. They use price swings in the market to build or reduce positions, and you can see their intent by studying swings of price and volume and applying Tim Ord logic as written in his book called 'The Secret Science of Price and Volume: Techniques for Spotting Market Trends, Hot Sectors, and the Best Stocks'.

Tim Ord is a follower of Richard Wyckoff logic, his book has added to the studies of Richard Wyckoff, Richard Ney and Bob Evans.

Richard Wyckoff after years of teaching said to his students:

         .."I latter told my students, 'think in waves' [of price and volume]"..


readtheticker.com has coded Tim Ord software logic into our Analysis chart, here are two examples.

Bitcoin - Daily

Silver - Daily

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Gold getting ready to move

By Xmas 2021 the DEM's must set a foundation for their run in US Mid Terms late in 2022.
The DEM's have a few narrative problems, but one the wish to avoid is a 'stock market crash'. They must produce enough juice for the economy to hold up into the mid term elections.

In short it is more debt, a  higher debt ceiling, and more debt for the FED to buy, a larger balance sheet for the FED. This means hard currency remains in a uptrend and higher prices will be soon upon us.

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Date Found: Tuesday, 01 June 2021, 08:00:33 PM

Comment: The Fed is now a bigger player in the US Treasury market than foreigners WTF! Yields suppressed!

Date Found: Friday, 11 June 2021, 06:38:32 PM

Comment: One of the best contrarian indicators are major IPOs (or ETF listings) in a particular sector. Looking back, the recent Coinbase IPO appears to perfectly fit that bill.

Date Found: Monday, 14 June 2021, 05:46:31 PM

Comment: J@TimmerFidelity In my view, it looks like the bottom is in.

Date Found: Monday, 14 June 2021, 06:20:37 PM

Comment: @DTAPCAP Bitcoin has never topped with volatility this low. Massive upside still ahead.

Date Found: Friday, 18 June 2021, 10:57:21 PM

Comment: @TaviCosta Name the one industry with:Triple digit FCF growth, Insanely cheap valuations, Strong balance sheet, Profitability on the rise And, that is now historically oversold.

Date Found: Friday, 18 June 2021, 11:32:37 PM

Comment: BTC forecast by Raoul Pal of GMI

Date Found: Tuesday, 22 June 2021, 06:16:26 PM

Comment: @VaradMarkets US Core PCE #Inflation: Visualization of Fed's Inflation trajectory using (SEP) projections from June FOMC (v/s March FOMC), By jacking up 2021 projection (2.2% to 3.0%), Fed has acknowledged less transitory nature of Inflation,Next release: Fri, 25 Jun (YoY Exp 3.4%)

Date Found: Thursday, 24 June 2021, 05:22:12 PM

Comment: Get the feeling BTC is not done!

Date Found: Wednesday, 07 July 2021, 10:50:06 PM

Comment: @Santiag78758327 One can study the narrative drive of Ethereum as a composable, smart contract platform that continues to add diverse use cases like DeFi, NFTs, AMMs, SCs, etc. (network effect drivers) vs. a single purpose digital asset like Monero (XMR), a privacy coin.

Date Found: Saturday, 31 July 2021, 08:17:47 PM

Comment: @TaviCosta Be aware of this. The recent collapse in Chinese ADRs suggests significant deceleration in US PMI in the near future. Note: We had one of the strongest economic environments in history in the last 6 months. Now, growth seems to be mean reverting.

Date Found: Saturday, 31 July 2021, 08:34:04 PM

Comment: Jesse Felder The Bloomberg Commodity Spot Index, a basket of nearly two dozen raw materials, surged to a 10-year high this week and is rapidly closing in on the record set in 2011

Date Found: Saturday, 31 July 2021, 11:06:25 PM

Comment: RED line has the FED 'buying the dip'

Date Found: Saturday, 31 July 2021, 11:26:57 PM

Comment: $250,000 by FEB 2022... Place your bets!

Date Found: Wednesday, 11 August 2021, 01:39:15 AM

Comment: @TaviCosta Interesting setup: Precious metals are now at their cheapest levels relative to other commodities since 2009. The other 2 times this ratio reached such depressed levels also marked incredible buying opportunities.

Date Found: Wednesday, 18 August 2021, 06:54:15 PM

Comment: Answer: 200%

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Silver during periods of Industrial Inflation

When industrial inflation is hotter than consumer inflation silver does well.


Previous Post: Silver, after the FED said taper talk is a long way off

In the chart below we see the relationship between silver and the yield curve and the Producer Price Inflation. 

The yield curve is the US 30 yr interest rate less the Fed Funds interest rate (blue line). When the blue line is high a steep yield curve is present, and when it is low a flat yield curve is present. A steep yield curve is when longer term rates are higher than short term rates vica versa for a flat yield curve.

A steep yield curve is when the long term rates are higher than the short term rates, suggesting investors are not selling risk on assets and buying safe bonds, this is a healthy risk on environment. A flat yield curve is a period of economic concern as investors are selling risk on assets and buying safe bonds, this is when the blue line is falling and if below zero it may lead to a recession. Silver price tends to suffers during recessions.

Economic recovery is when the blue line moves from up from zero, this recovery leads to increased industrial and investor demand for silver. 

POINT: Yield curve recovery leads silver price recover.

The next indicator (red line) is the industrial producer price inflation ratio to the consumer price inflation, or PPI divided by CPI, or business versus the consumer. If during a period of yield curve recovery we also have hot producer price inflation the silver price recovery is likely to be more aggressive. 

Higher inflation arrives during periods of abundant money supply while suffering market constraints (or shortages). There is abundant money around (after FED printing) and COVID19 has disrupted supply chains resulting in shortages. High demand for items in short supply creates inflation.

Currently 2021 PPI is red hot versus CPI and if this persist like the periods of 1973 to 1982 and 2006 to 2014 (ex 2008 shock) silver will likely see higher prices.

POINT: Hot industrial price inflation will support higher silver prices. 

The chart below shows Gann Angles drawn from zero (see more via our previous post), these are good for price pull back analysis. They currently show an ideal place for the bulls to buy back in at a great price.

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Gold and Silver Volume Waves Review

The sign says it all. The professionals want the public to focus on the words, to scare out the weak hands, but the color of the sign underlines the value in a money printing world, its gold stupid.


Point and figure (PnF) charts draw price waves with the sum of volume per wave. PnF charts high light true accumulation underneath price action. This is why Richard Wyckoff favored PnF charts.    

In the charts below we see price moving sideways to down, yet volume on up waves are greater than volume on down waves. At the moment there is no heavy selling on down waves. Or in other words price is being moved down at a low volume expense to allow accumulation at a lower price.

This action represents professionals building their bullish position over time. They do have to sell volume to get price down so they can buy more at a lower price. Simply, sell 10 @ $1 and lower to buy 12 @ $0.90, rinse and repeat, and yes their overall position grows. In the end the professionals will have a position of size for greater profit (to learn more please study Richard Ney work within RTT Plus library).

POINT: So long as heavy selling does not occur then gold and silver ETF's are being accumulated. Even if heavy selling does occur, we watch for even large buying to offset it. So far gold and silver action remains bullish and the period time passed suggests accumulation activity is near the end and a mark up will most likely follow. Keep watching between Nov 2021 and Jan 2022.

Chart 1 - Gold ETF

Chart 2 - Silver ETF

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Litecoin shows the value of price channels

readtheticker studies the old masters (Gann, Wyckoff, Livermore, Dewey/Hurst/Cycles) but it has to be said simple price channels clearly show the support and resistance road map for price.


NOTE: RTT Plus members can review our library of 'Big Channels' charts, via RTT Charts (main menu in RTT Plus)

Chart 1 - See how (log) price moves between the parallel channel lines, forecasting zones of support and resistance, as well as rally's and sell offs targets becomes a breeze.

Chart 2 - You can measure a price swing move by seeing how it moves between channel lines, the last LTC rally went from 50 to 400 or 3x blue channels. The price low after the July 2021 correction was near $120, so add 3x blue channels widths (same as before) and your new target is near $1000.

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Date Found: Sunday, 25 April 2021, 05:34:36 PM

Comment: @crescatkevin We believe it's the dawn of the Great Rotation where investors will be selling overvalued long duration financial assets and buying undervalued hard assets including scarce resource stocks with high near-term growth fundamentals. Rising inflation is self-reinforcing catalyst.

Date Found: Thursday, 29 April 2021, 05:16:22 PM

Comment: @BreesAnna Everyone is talking about #india #ivermectin - I’m not there and don’t feel I can comment. But I do know it was quiet and under control before they started vaccinating two million people a day.

Date Found: Saturday, 01 May 2021, 10:50:53 PM

Comment: @TaviCosta Insane. 73% of the top 50 gold & silver miners are now profitable on a FCF basis. The highest level we've ever seen. One thing is clear: Miners continue to improve their margins, tighten up their cost structure, and generate more money than any other time in history.

Date Found: Sunday, 02 May 2021, 05:22:23 PM

Comment: Ooh so true!

Date Found: Wednesday, 05 May 2021, 06:04:08 PM

Comment: @TaviCosta How in the world can the Fed reverse its monetary policy when the US twin deficit is 25% of GDP.

Date Found: Friday, 07 May 2021, 07:33:01 PM

Comment: Buy backs growth up 200% - what idot is bearish!

Date Found: Thursday, 13 May 2021, 03:44:55 AM

Comment: @TaviCosta All this talk about Fed tightening…. but good luck trying to unwind this: Corporate debt still at historic levels while bond yields remains near all-time lows. All product of easy money.

Date Found: Sunday, 16 May 2021, 06:33:26 PM

Comment: @crescatkevin Note how gold exploration stocks tend to follow changing inflation expectations. Should be exciting times ahead for the premier juniors starting from today’s depressed valuations.

Date Found: Sunday, 16 May 2021, 07:26:31 PM

Comment: Target $200,000 for BTC (middle of the range)

Date Found: Monday, 17 May 2021, 10:14:00 PM

Comment: @UPFINAcom It’s hard to go delinquent on a loan when there are stimulus programs, jobless benefits, high wages, and forbearance programs.

Date Found: Monday, 17 May 2021, 10:21:18 PM

Comment: @LynAldenContact There can be tons of inflation without bank lending, like the 1940s. It involves fiscal spending going around the bank lending channel.

Date Found: Wednesday, 19 May 2021, 02:26:16 AM

Comment: @OrdOracle Monthly XAU/Gold ratio could be breaking out. This implies a surge in $XAU along with $GDX and $HUI in the coming weeks

Date Found: Wednesday, 19 May 2021, 11:30:02 PM

Comment: @RaoulGMI BTC now vs 2017...

Date Found: Wednesday, 19 May 2021, 11:31:34 PM

Comment: @RaoulGMI These might be useful for you... BTC now vs 2013.

Date Found: Monday, 24 May 2021, 06:17:13 PM

Comment: Valutations are Hot!

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