Okay plebs, listen up.
This is the chart I've been using to trade between precious metals and bitcoin, ethereum, and other cryptos. It is a custom chart, adding gold and silver with a modern ratio, doing the same with BTC and ETH, and pitting them against each other. What you get? A smooth chart that obeys technical analysis quite nicely.
And here we have a...
Silver has just broken out of its bull flag. Now sitting under the Eve and Adam bottom Resistance. Considering the current Silver fundamentals, I strongly believe that this will break up. Silver being accumulated massively as hedge to dying USD. I would hate to be short here.
Good Morning Traders,
Before FOMC, while the expectations and guesses have been spoken to everywhere, Silver might form an inverse H&S targeting the area between 22-23.
I'll share my long gameplay below;
Entry point : 20.10
TP : 22-23 ( I'll look into the momentum and Fed decision while deciding my actual target.
SL : 18.60
Since...
As we all know the heavy news speaking loudly about silver. Although of course they are half right and I will let them buy it on Monday all tbe way to 28.8 $ make them happy , and then just when they think its going to fly to 1000$, then the sellers will show up to take the money away. we will be looking for shorts on Tuesday onwards. with long term hold of up...
Silver seems to be retest a fall wedge break.
The 382 rejected price and I now believe the 236 is next.
Gold seems to be weak as well, but time will tell
In this custom precious metals (Gold and Silver) versus top cryptos (BTC and ETH) you can see the last lowest low was November 9th in what appears to be a bottoming formation. Price ratios continued in an upward channel (shown in yellow) and have just confirmed a breakout upwards from that channel. Suffice it to say, PMs have been outperforming major cryptos since...
If silver brakes the 21.40 resistance we are going to see the price go down to find resistance at the pre Covid-19 prices. Then silver Price will have a BIG BOOM
The SIL and SILJ ETF's are both following a classic impulsive pattern that began with our low in the spring of 2020. After a powerful 3rd wave blow-off rally that peaked in the summer of 2020, a seemingly endless 4th wave correction has been grinding away all hope in the metals sector. However, we may have reason to be bullish as there are clear signs that the...
Silver is down on the week, but it's driving back into buying territory. It's also the end of the month when silver prices typically get pushed down in order to make expiring contracts cheaper. Next week starts with a new month, which tends to be optimistic for silver. This plus the buying territory makes it likely that silver will have an uptrend especially at...
As some of you may have noticed, the precious metals sector is showing signs of life after a recent cycle bottom. This is great news for bulls. But I'm writing this to show the long-term view. In this monthly chart, you can see we're coming to the exciting edge of the cup of a decades-long cup-and-handle. Cup-and-handle is one of the most bullish chart formations...
Silver is poised to print its lower low on its weekly chart, printing this i can confidently says it has found it bottom an ready for the rally up. This week we will be seeing range from 22.50 to 26.00 and what make this week more interesting is the Hammer printed last week on Gold Chart could be catalystic. In Case of a quick run up 28.00 would be the start and...
Silver ended last week not looking so good, and it has lead to a bad start for this week too. After breaking below $25 resistance, it has held above the next level of 24.75. It is likely to retest this zone again this week, so depending when you're reading this the title of this article may not be exactly true - but I'm really looking at where silver is likely to...
Silver looking really stable across all time frames. In the top left you have the hour format, top right is the day format, bottom left is the week, and bottom right is the month. The future of energy never looked so cheap.
investors get their moment to shine and say I told you so!
Opened a speculative long position today
#AG first majestic is a premier pure silver #mining play
