Here is why Bitcoin jumped 20% (2019-10-25)
Currencies / Bitcoin Oct 27, 2019 - 12:46 PM GMTIf you are having trouble finding the news behind the bitcoin price move, don't fret here is the answer.
1) Gold and silver starting to react to US FED repo non QE US Dollar creation.
2) Congress questioning of Zuck on Libra did not surprise.
3) Bitcoin price hit trusted outer demand channel line (see chart below).
The answer is mostly (3), of course to monitor price action near channels you must chose your charting software carefully, to ensure it draws true and accurate channels correctly. readtheticker.com does this well.
Fundamentals are important, and so is market timing, here at readtheticker.com we believe a combination of Gann Angles, Cycles, Wyckoff and Ney logic is the best way to secure better timing than most, after all these methods have been used successfully for 70+ years. To help you applying Richard Wyckoff and Richard Ney logic a wealth of knowledge is available via our RTT Plus membership. NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net Investing
NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net
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