Multiplying SPX by the gold/silver ratio produces, what appears to be, clear cut levels. In the past, when the measure has bounced off a level, the SPX (below) has reversed.
GOLD/SILVER Ratio at extreme levels. Silver more bullish than Gold going forward.
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Well a peak has formed on the price volume ratio which is looking like the hidden bear div will play out. I'm leaning toward this playing out and possibly creating a new bullish divergence if the price falls to test $6k again. 1. Level price had to have reached to invalidate hidden bear div by creating a peak in price above the ~$8200 level. 2. Peak in price...
When venturing over from the default use of logarithmic charts, to linear .. I noticed (please tell me otherwise) what seems to be, significant , inflection points in the BITTREX:ETHBTC pairing chart. Each inflection point, takes place on / around the 5th of each month. Whether to the upside, downside, fall/upside ( once ) , chop/fall ( twice ). What could...
RobbyP, Private Client Trader Unum Capital, sent me a Bloomberg chart analysisng the Gold/silver ratio. I thought I would take a closer look. The current ratio is similar to that of 2016 and 2009. The move mid 2011 was on the back of massive short-term silver strength. If you believe the current ratio will hold, then you SHORT Gold and BUY silver around these levels.
Running this idea to test an observation. If this is right, an ETHBTC trend reversal is stirring up, might be aligned with bullish rumours on ETH futures and the block reward reduction from 3 to 2 ETH. Target for the falling wedge should be the level at the end of the arrow. Let's see if it does the thing.
Pretty self explanatory. I don't believe in a major (greater than 20%) stock market crash this year, but soon, maybe Q4 2019 / Q1 2020. As you see the dow:gold ratio has broken up above 10 year pivot signalling further moves to the upside. I guess stocks still bullish for now.
More chart wank from me... sorry. It's interesting Dow:Gold has been a thing for a while now I read. It makes sense I suppose if you think of gold as the safe haven asset and the Dow as the premiere global money machine. Unfortunately trading view only has gold charts going back to the late 60s, so here is a link to a chart dating back to the late 1800s:...
After studying $gold and $silver History, decided to graph the Ratios ($GOLDSILVER). and this is the final result for an easy view
EUR/CAD has pulled back in an uptrend to a resistance level of 1.5340 which is also a 0.382 fib level We have seen deceleration in price of this pair at this level and are looking for a leg higher. See image for 3;1 risk reward ratio. I will update as we go...
Just my opinion on the chart. Silver for a long May the markets be with us
Hi, a quick update, since BTC is doint it's boring thing again. However, interestingly, we have now a similar situation as in early April. The shorts are rising more and more, and will soon be higher than the longs. In this case, I think we'll see a nice short squeeze, as in April. I'll keep a close eye on the long/short ratio at Bitfinex. The indicators are...
Might have a rising wedge here, maybe also some exponential support on the current trend. Logscale 1 day chart to track progress.
Gold / Silver ratio went from 100 to 30 in twenty years, a length of 70. Then, retraced back 80% up to 87 in 7.5 years. If next leg down to become as length as first leg (of length 70,) we'll reach Gold/Silver ratio 17.
ETH is looking really strong vs BTC, get your second cup here.