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Freeonlineuser
Sep 16, 2021 10:21 PM

Bitcoin v Silver Long

BTCUSD/PSLVBitstamp

Description

Bitcoin vs Physical Silver gives a calmer view of bitcoin value increase.

It follows a repeating trend of bitcoin supply halving (yellow), followed by supply shock run-up to correct value (orange circles).

Each halving has consisted of 3 phases (blue) we are entering the breakout price discovery phase, with potential 15x return against silver.

Comment

Bitcoin just broke out of silver price consolidation, moving UP.
yet

Bitcoin not breaking out against Gold 1/BTCXAU yet.

Comment

Breakout not achieved, more sideways (maybe some down) consolidation.

Comment

Breakout achieved, more confidently this time.

Comment

given we've broken out, I recalculated and including the current price change. 12x increase from current position is estimated not 15, but who's counting? peak at 85000 on this scale

Comment


ready to bounce up
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