Legionary investor- Sir John Templeton, once shared that outside of the Bible, he had learned more from one book than any other. When he shared this idea, I couldn’t wait to find out what book it was. Below is that book


extraordinary popular delusions and the madness of crowds by john templeton, chris kimble post


CLICK ON IMAGE TO ENLARGE


When it comes to popular delusions and charts, the “Eiffel Tower Pattern” can be important to recognize. The point of the Eiffel Tower Pattern is this.….- if you see the left side of the Eiffel tower in a chart,- odds favor you will see the right side of the tower as well, somewhere down the line!- - Below are examples of Eiffel Tower patterns over the past 20-years-


extraordinary popular delusions and the madness of crowds by john templeton, chris kimble post


CLICK ON CHART TO ENLARGE


One chapter in the Popular Delusions book talked about the- “Tulip Mania”- in Holland. This week Jamie Dimon of JP Morgan compared Bitcoin to the Tulip Mania of the past. In time we will see if he is correct. Below looks at the pattern of Bitcoin that we shared yesterday on- Stocktwits- and- Twitter


Bitcoin weekly BTCUSD, Chris kimble chart


CLICK ON CHART TO ENLARGE


Joe Friday Just The Facts– Potential “Eiffel Tower Pattern” could be in play for Bitcoin.- If investors experience the left side of the Eiffel Tower Pattern, it is possible to experience the right side as well.


Will be interesting months from now to see if the right side of the Eiffel tower is experienced.- An important test of- support- is taking place this morning at the 3,000-3,100 zone!- Important for Bitcoin bulls that this support holds!


-


-


from Kimble Charting Solutions. - We strive to produce concise, timely and actionable chart pattern analysis to save people time, improve your decision-making and results


Send us an email if you would like to see sample reports or a trial period to test drive our Premium or Weekly Research


-


Receive Chris Kimble"s research by email posted to his blog daily - https://kimblechartingsolutions.com/newsletter-preferences/

-


Email- services@kimblechartingsolutions.com-


-


Call- us- Toll free 877-721-7217 international 714-941-9381


-


Website:- KIMBLECHARTINGSOLUTIONS.COM










Click to here read the full article