IF (and that's a BIG if) there is a pullback for Bitcoin, where might it go? Using one form of fib retracements, where the 0 is the recent peak, and a range is achieved by putting one 0.618 on the lowest wick and one on the lowest close of the following dip, then the two areas of interest would be somewhere near 20%, the recent pullback levels (since the liquidity...
SILVER looks to be winding up towards the end of the next consolidation period, with a move in the next few days likely. A move up could take us back to $25.50 and a move down could take us to $22 and change. Worth watching over the next few hours.
True to form for a head and shoulders pattern, the first move outside of its recent pattern has been to the downside. This is one to watch, because if there is a retest of the recent support followed by a rejection, there could be a short-term sell trade on the table.
SILVER is pointing to the US Elections as being the time for a next move. The trends im looking at seem to point to a move down, but the trend is only your friend until the end, and then he’s a heartless scumbag. Which way do you think it will go?
Look where the Election falls within the Macro Trends It's obviously a major event, and no one knows which way things will go... but it seems to have been written into the charts for a while? What do you think? Are we all reading tea leaves?
Just watching a move upside out of the head and shoulders.... other indicators suggesting that it's not supported by an actual move to the upside... Beware This is not advice, just a game sponsored by "The Fed" ;-D
There are some interesting patterns forming in SILVER , mostly pointing to a further downwards movement to come in the short term. Is it a Head and Shoulders pattern? Or a Bear Flag? Or are the market manipulators just toying with us? Get out your tinfoil hats and let me know what you think...
So the Bear hidden in this long term Bull makes me wonder if there's yet another pull-back coming... Case For: Bear Flag / rising wedge - if this suggested pattern unfolds, does this create a Bear Flag or rising wedge which would break south as they do? EW waves - obviously short term, but if this price action unfolds, these waves make sense especially on longer...
These trends seem very consistent over GOLD's recent history, going back 15 years
From the lowest candle close from March to the highest candle close in August, SILVER has just touched the .382 Fib Retracement level. (Yes I know I do it backwards) The previous Fib extensions from the highest wick before the crash to the lowest wick after the crash seem to have held a support and resistance throughout the impulse up, so far. Will be...
Silver just pushed below a trend line that can be linked all the way back to the crash in March 2020 - if the price action comes back up to bounce off it a couple of times as resistance, look for Silver to fall to $23.50