Adding a whole spatial dimension to this, chamber of echo's is based on fibonacci angles from prior uptrend and the corrective waves echo from this frame into the depth (lets consider to call this dimension mind for now).
Comment:
So lets assume this is not a 2D chart, but the 3rd spatial dimension actualy exits? What would we call this depth dimension? Since time and price consolidate towards one point in their plane I think we can call the third dimension of depth confidence or certainty/agreement of price. While the range gets more narrow for price over time, traders become more in agreement and have a higher confidence that the price is worth the amount it is traded at.
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We could actually create a vector component of Time & Price and let this be our Z-depth, in this sense we do have "an extra dimension" which is the length of this component vector, now I don't know yet what it does but since it is derived from the original 2 components it has relational attributes aswell and MIGHT show us unseen trends and projections!
Trade active:
Silver is looking explosive on 1W/2W and Monthly MACD :)
Comment:
Could falling bitcoin be a signal to investors to start buying physical gold and silver again? They look breaking up, while bitcoin looks bearish and breaking down.
Trade active:
Silver starting to look really bullish here, expecting outbreak in next couple of weeks.
Trade active:
Moon express is starting! Prepare you seatbelts we are taking of this month.
Trade active:
Silver breaking out already??
Comment:
Get ready!!
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Monthly chart, macd got a buy signal.
Comment:
Silver experienced quite a sell-off and it is probably related to the trade war between US and China. Trump puts 25% tariff on Chinese goods.
I think this trading is mainly caused by uncertainty and people not knowing what will happen, long-term trade wars are bad for both economies and global uncertainty can rise, so gold and silver are then often a good safeheaven to go to as they have been respected for thousands of years. We shouldn't forget that the global debt is skyrocketing, Italy has some problems too and this could all fuel interest in resources and primary needs. The sell-off to me look definitely like an over-reaction and might even be a good opportunity to add on dips upcomming months.
I think this trading is mainly caused by uncertainty and people not knowing what will happen, long-term trade wars are bad for both economies and global uncertainty can rise, so gold and silver are then often a good safeheaven to go to as they have been respected for thousands of years. We shouldn't forget that the global debt is skyrocketing, Italy has some problems too and this could all fuel interest in resources and primary needs. The sell-off to me look definitely like an over-reaction and might even be a good opportunity to add on dips upcomming months.