Let me be clear that until we break to new highs (~11.60) with confidence, there is risk still for one last pullback to (~8.90). However, the fundamentals are lining up for silver to go parabolic, whether that happens immediately, or the beginning of next year. My long term target is in the $20's
Capitulation is basically when Miners stop mining and sell some of their bitcoins to keep operations going. However Capitulation is more likely to occur at the end of every annual year now due to regulation and taxes. It is easier to calculate loss/profit by shutting or slowing the network down and washing your hands so to speak. Power consumption costs are higher...
A visualization of Bitcoin Hash Rate vs Difficulty. This helps to show why Difficulty is a lagging indicator. Difficulty is like a moving average that only updates once every 2 weeks. Increased Difficulty is not necessarily good... Hash Rates are better for timing capitulation.
Miners' Capitulate into Bitcoin Halving On a macro level the Empire is currently building the 3rd Super Star Destroyer with Death Star capabilities to jump even further through hyperspace. There are 3 scenarios: 1. blue (most likely) 2. green 3. red Miners Capitulation In a nutshell - undercapitalized miners panic sell because difficulty is too high and mining...
We have officially capitulated, Get your Wheel chairs ready. That is all.
Price should move up from these levels as rising channel support holds and price breaks out of bull flag.
Bitcoin Hash Ribbons are extremely close to a potential Miner Capitulation. Should a Capitulation occur (crossover of the ribbons), it is not the time to be buying Bitcoin. The best times to buy Bitcoin is on Hash Rate recovery, as identified by this indicator. For now, we are "still in the green", and Bitcoin's price may have already bottomed. However, until...
The current plateau in Hash Rate growth is most unusual for Bitcoin. The Hash Ribbons 1 month and 2 month moving averages have never been this close - for so long - except during a capitulation event. We can measure the relative "growth" of the current month Hash Rate (HR) to the prior 2 months as: Growth = (1m HR - 2m HR)/(1m HR) In November 2019, "Growth" has...
Chart says it all. Descending (bull) wedge ready to explode higher.
The junior gold miners' leverage ETF has been making a long-term downward trend line since September as the dollar showed strength and gold showed weakness. Surprisingly, gold and JNUG have stayed in their downtrends despite dollar weakness throughout the month of October. That's presumably because the dollar index, now at 97.48, has a support trend line...
Massive, textbook 2x bottom with equally symmetrical tight consolidation into a major trend reversal confirmation... Look at that volume.... Major target levels: $124 and $170 Minor target levels: $72, $82, $89
Sure looks like a break out to me. Pick up some JDST as gold and miners drop into the next ICL.
It is always important to keep one’s mind open and to consider all possibilities. At this point I am expecting a pullback correction in Gold, between $1416 and $1434. If this pullback comes, this will be an opportunity to accumulate undervalued junior miners who will play “catch-up” to the large cap miners. Additionally, with the gold-silver ratio finally...
Here’s an option to capitalize on miners other than the dated GDX and GDXJ. Trading around two standard deviations lower than the mean after a correction from gold’s move above $1500.
Keep studying & tweaking GLL (Gold Short Model) to try to understand maximum peak in Gold/Miners. Continue to see 3 hour brschultz model place optimal peak in gold miners in Sept 2021. Bottom in S&P, Dow, Nasdaq, & Real Estate in Late 2021 as well. brschultz