HUL building up momentum. Thanks to lockdown opening up, HUL seems to be gearing up for a big target. Strong volumes around 2525 suggest institutional buying. Long HUL above 2525 with Volume and strength for target of 2690 / 2850. A small SL @ 2470. Great RR ratio. Close above 2525 with volume and strength looks high probability for mentioned target.
Here is a chart I put together and have been keeping an eye on for some months now. I was able to predict the recent bottoming formation which has held up nicely. The chart is adjusted to reflect the current gold-silver ratio, putting them on equal ground, and similarly with the btc-eth ratio. As you can see, the rise in precious metals versus cryptos has...
This is my new favorite custom PMs vs cryptos chart method. It adds together gold and silver multiplying the latter by the gold:silver ratio so they are on equal terms, and similarly with bitcoin and etherium, with eth multiplied by the current btc to eth ratio. The chart is looking to complete a cup-and-handle formation, which would be bullish for precious...
Silver to Bitcoin bottoming formation complete; could turn in to a nice cup and handle. This is extremely bullish for silver. Wondering how to convert bitcoin to silver? Check out what reddit has to say about it: www.reddit.com
I appreciate Michael A. Gayed's thesis here, but the more I look deeper (and longer term) at the data, it's really difficult to draw an real signal. Too many instances where it's not clear which influences which and more likely the market itself (SPX) is influencing lumber and gold independently after the fact of the market move. When you look closely you can see...
As per my previous idea from several weeks ago (/x/PuGYWTgB/), Ethereum has broken out of a large base (purple box) against Bitcoin. The near-term target based on a measured move from that base (equal to the depth of the base) is around 0.069-0.07BTC. But Ethereum has also broken out of a larger triangle on the monthly chart. And this often leads to testing the...
Price of silver could double and still be within recent historic gold:silver ratio lows. #silversqueeze
NOK closes at around 4.20 that magical number, ive been accumulating NOK stocks for a while now in a hope for a crazy break from this decade long down trend We are currently trading inside the golden pocket on a monthly time frame .66 .618
I see this and I am obviously biased, but it's really hard to see a bearish scenario here. When I say "hatching" I mean Litecoin/BTC has broken through some serious resistance above the 50W EMA. If we see another weekly close above here that would be mega bullish. First, lets looks at resistances. Drawn in purple dotted lines are the first short term resistance...
We got a beautiful false break down, now we challenge the 50 D MA. Michael Oliver for your monthly piece of mind: www.youtube.com
The previous Wedge in Wedge has delivered on the false breakdown, and followed through into Wave d of the correction, possibly but unlikely to be beginning wave 3. Silver stackers will sleep well in April, and terribly in May (If that wave E shakes out the last of the weaklings) Constructive criticism always welcomed!
IF this flag is what is currently playing out, confirmation on impulse from (e) and breakout above (d). My count on the ETH outperformance of BTC puts us to the top of the inclining hourly channel in about 14 days. Coincides nicely with confluence of resistances (Hourly Channel, Inclining Red Trend, Fib Extension from the base of the 1st move). After this wave...
We might be looking at a backtest of the breakdown here, which would imply that the Gold/Silver Ratio is going to head lower if the previous support turned resistance holds.
My favorite ratio for cutting through the noise is an LT view of Gold/Oz($) : HUI (the Gold Bugs Index). Generally when it rises we gold bugs suffer because the price isn't reflecting our buying habits. That's why I'm looking for the next bottom on this chart sometime in July that might coincide with this broadening wedge... A date that keeps recurring for me is...
I had drawn up this chart not long ago, with 17.7 as a significant level of resistance where god might begin to outperform and allow it to catch up on the otherwise stellar performance of the DOW in comparison.. No way of knowing but with time! we can see that the it seems over-extended, and that the stoch is turning down. It also might require a re-test of it's...
Ethereum/Bitcoin it's bullish. that mean Ethereum it's grow up against Bitcoin in based in their Bitcoin value and calculations. Ethereum have a cost of 0.032 Bitcoin. That mean, if you apply a strategy supposed to accumulate 10 Ethereum coins. Easily you can to get your first or 1 Bitcoin completely. Remember, 1 Bitcoin it's like a Gold . For that, I invest in...
Pretty simple chart to follow. - I have extracted the dates for the Bitcoin Golden Bul Run Ratios of 2017 and 2021 and plotted them here. - Based on today's date and the % of time left until the end of 2021 $BTC bull run, we can see where we are on the 2017 $BTC bull run - Next we can measure the % growth to the top in 2017 and apply to 2021 to see where we might end up