Like gold, silver demand is SO close to a up run! Thank me later.
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Major targets: 20/28/34/40/50 USD
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26th of February Keep an eye on silver, it's the reversal point for a new bull run :)
Trade active
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5 more days! 26th is coming close
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30 July next date if this one fails. More consolidation thus.
Trade active
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We got first signs of an upcoming breakout! Stay tuned and watch this triangle break up.
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Silver getting more interesting during war conflicts and economic tension
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Tension is building up slowly because of warfare and politics, we got a breakout signal since 26th of February all the way to 30th of July, after 30th of July things should really get going! Still cheap to buy (16.60) and look for target of 20/21 USD
Getting bullish on silver now! 3 failed bear attemps, on MACD 2W, starting to turn bull here in few weeks.
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Furthermore, consolidating triangle, once it breaks up lots off buyers will join! Scaling in now or trading breakout will be very nice trade here. These setups don't happen that often.
I think first it has to crash through 16 and to the 15 dollar long term support line to then take off
lucamodena
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Totally agree. Just bought some additional silver into my vault :)
majorlee
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thx for update watching silver like a hawk
TheTrex
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@majorlee, It's a good longterm hold nonetheless at these levels.
majorlee
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@TheTrex, yup i been buying silver coins, just incase! got some hunches im going on, but i feel silver coins in exchange for bitcoins (1:1) could be possible in the next coming 5-10 years
This would imply:
- fed fund rates stay below debasement level (wich seems obvious in current economy).
But should also imply that cryptocurrencies is done for now.
What's your take ?