My Elliot wave count. I lazily placed elliot counts on the silver to BTC chart.
Silver is so flatline to bitcoin on the linear chart, that fibonacci is useless on the silver to BTC chart.
My take:
Silver relative to bitcoin is in the dirt. Great buying opportunity, when you consider politicians think the printing press is this magic thing that spits out money for eternity. Bitcoin is reaping this benefit, while silver has yet to bare it's teeth.
Silver versus USD looks like it is in Elliot wave 2, which is always a sweet time to buy.
I put fibonacci on silver versus USD as if it were a crypto to see possible target prices. I'm not a silver specialist by any means.
If you want to really play silver, buy silver mining stocks.
As for me, I hope silver USD price stays suppressed through this altcoin wave, so I can roll everything into silver mining stocks before they pump.
I think silver mining stocks is the next "crypto wave"
Silver is so flatline to bitcoin on the linear chart, that fibonacci is useless on the silver to BTC chart.
My take:
Silver relative to bitcoin is in the dirt. Great buying opportunity, when you consider politicians think the printing press is this magic thing that spits out money for eternity. Bitcoin is reaping this benefit, while silver has yet to bare it's teeth.
Silver versus USD looks like it is in Elliot wave 2, which is always a sweet time to buy.
I put fibonacci on silver versus USD as if it were a crypto to see possible target prices. I'm not a silver specialist by any means.
If you want to really play silver, buy silver mining stocks.
As for me, I hope silver USD price stays suppressed through this altcoin wave, so I can roll everything into silver mining stocks before they pump.
I think silver mining stocks is the next "crypto wave"