Like Bitcoin when it was at $1100 the rise of miners and amazing demand for mining rigs led to the depression of price back to $200
as big and small miners cashed in FREE COiNS from simply running a PC or FARM 24/7
so do AXiE armies cashing in hoarded SLPS together by early PLAYERS
The History of the Gold-Silver Ratio
Historically, the gold-silver ratio has only evidenced substantial fluctuation since just before the beginning of the 20th century. For hundreds of years prior to that time, the ratio, often set by governments for purposes of monetary stability, was fairly steady.
The Roman Empire...
The price of bitcoin is falling.
At the same time, the price of mining is growing.
How does this affect the market?
In December 2017 , the price of bitcoin was greatly inflated.
And mining was a very profitable business.
At that time, mining one bitcoin cost around $840 , and bitcoin cost $18700 on the market.
It was a really good deal, everyone...
BINANCE:LTCUSDT Update to prior chart which was posted a few months back: So far so good. I am seeing this pump to near $96 in coming weeks, month/s before any strong moves back down.
Good news for careful-traders is that the fractals show a return to $56 level after this pump ends - right in time for the pre-halving dump. As history has shown, each LTC...
1. Trend is down over year and half
2. TTM Squeeze that usually bounces off opposite wall before reversing
3. Hitting resistance trendline repeatedly
4. Under 200ema
I could see this ultimately hitting 200ema, which I would dump everything into going short, but this spot is good for a short as well. Always keep more dry powder and don't blow your load in one go!
Fresnillo is back to being reasonable and – in accordance with our expectations – has moved downwards again. Now, it should keep up this drive to make it below the support at GBP 456.60 and thus into the turquoise zone between GBP 473.60 and GBP 250.00, where it should finish wave (2) in yellow. There is a 35% chance, though, that Fresnillo could escape above the...
GDX seems to have woken up and is showing its high spirits by climbing upwards. We now consider wave ii in magenta to be finished, and thus expect the ETF to continue its way above the resistance at $28.83. Once there, GDX should gain even more upwards momentum to rise above the next mark at $40.13 as well. We should still keep in mind our alternative scenario,...
Deeper Network DPR Crypto is forming a Possible Bullish Falling Triangle with a Break out by 19/19/22 (Gatio Chart) or 1/11/2023 (Kucoin Chart). It is possible at the moment that BTC may hit it bottom between these time periods, if so then this pattern may play out. Because the prices for DPR on Kucoin vs Gateio are different then we have different breakout dates....
Pan American Silver has made extensive use of the blue zone between $21.88 and $13.94 and has little room left to finish the overarching downwards movement. As soon as it has completed wave (ii) in blue, though, it should turn around and gather enough upwards momentum to head for the resistance at $40.11. However, there is still a 45% chance that Pan American...
Humpty Dumpty sat on a wall,
Humpty Dumpty had a great fall.
All the king’s horses and all the king’s men
Couldn’t put Humpty together again .
Well, Newmont shouldn’t have such a great fall that it can’t be put together again. Tough, just like the egg headed character from the British nursery rhyme, it is sitting on the big yellow wall between $42.50 and $23.41,...
… or rather: Knock on the resistance at $45.42. Thrice, Agnico has rapped on this mark, without surmounting it, however. Now, the bears are back in charge and should continue to drag the price below the support at $31.03. There, Agnico should enter the yellow zone between $19.10 and $10.08 to finish wave (2) in yellow. There is a 35% chance, though, that the bulls...
HELLO GUYS THIS MY IDEA 💡ABOUT GOLD is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the Seller from this area will be defend this SHORT position..
and when the price come back to this area, strong SELLER will be push down the market again..
DOWNTREND + Support from the past + Strong volume area is my mainly reason for...