We are in the beginning stages of a multi year, almost decade long silver run and unfortunately, things just don't go up in a straight line. We are going to have mutli-year consolidations and then ramp ups and we are going to erase years of gains as we retest significant levels. If anyone has a chart with a longer silver/usd history chart on Tradingview, let me know. Since I don't know one one with a longer chart I am going to use the 3d, and to keep things simple I am going to just use 1 EMA, the 400 as it seems to give the best balance of long term signals as support and resistance.
Point 0/4
Our last high in the cycle that set up a major retrace and consolidation.
Point 1
We just broke out of a multi year consolidation and the 400 3d EMA. We need a period of consolidation that should be relatively short.
Point 2
Our newer high was only 16% higher than the point 0 high. Don't expect our first new high to completely blow $45 out of the water. Anything a penny above our last high is a higher high, and anything within the range of $50 to $55 is realistic. We should see a very rapid fib retracement from 0.5 through 0.618 or 0.786 after we reach our target but then years of consolidation. It may be more interesting to be in other assets during that time and I'll decide how much of my portfolio I will want to use to buy the dip. But once that dip is in we will never return to those levels ever again in terms of real dollars. I say that again, once the new point 2 dip is done silver will never return to those levels again.
Point 3
Don't be surprized when we retest our point 2 high after our parabolic move and are basically flat after 4.5 years. It happened to silver in alreadyin this chart,
Gold very recenlty just finnished erasing eight years of gains
and these facts anchor my call that BTCUSD will do the same. There are two competing peaks for charting that I could use to set my higher high but that 15% range is my roughly were I expect BTCUSD to approach within 1-2%, depending on exchange.
Point 4
The move from 3-4 will be the most impulsive move of the whole series and the gains will be just this side of obscene, given force of the move. Easily expect a x4 or x5 from the point 3 low.
Point 0/4
Our last high in the cycle that set up a major retrace and consolidation.
Point 1
We just broke out of a multi year consolidation and the 400 3d EMA. We need a period of consolidation that should be relatively short.
Point 2
Our newer high was only 16% higher than the point 0 high. Don't expect our first new high to completely blow $45 out of the water. Anything a penny above our last high is a higher high, and anything within the range of $50 to $55 is realistic. We should see a very rapid fib retracement from 0.5 through 0.618 or 0.786 after we reach our target but then years of consolidation. It may be more interesting to be in other assets during that time and I'll decide how much of my portfolio I will want to use to buy the dip. But once that dip is in we will never return to those levels ever again in terms of real dollars. I say that again, once the new point 2 dip is done silver will never return to those levels again.
Point 3
Don't be surprized when we retest our point 2 high after our parabolic move and are basically flat after 4.5 years. It happened to silver in alreadyin this chart,
Gold very recenlty just finnished erasing eight years of gains
Point 4
The move from 3-4 will be the most impulsive move of the whole series and the gains will be just this side of obscene, given force of the move. Easily expect a x4 or x5 from the point 3 low.
And I promise every Floridian that you will all be rich... because we're gonna print some more money! Why didn't anybody ever think of this before?
~Nathan Explosion
~Nathan Explosion
