Bitcoin vs Physical Silver gives a calmer view of bitcoin value increase.
It follows a repeating trend of bitcoin supply halving (yellow), followed by supply shock run-up to correct value (orange circles).
Each halving has consisted of 3 phases (blue) we are entering the breakout price discovery phase, with potential 15x return against silver.
XAG Silver has crossed my breakdown trigger fib fan line and rebounded sharply. I'm going to be watching to see if it closes above the breakout line with a downside fake-out, or if it will close below that breakdown line.
I expect prices to push lower below $22 in the next few days. We are currently working wave 4 (Triangle pattern) I will enter short once price breaks below BD line, I expect some volatility on silver and Gold as well
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COPX took another hit today and lost +4% which is a little surprising considering Max Pain this Friday is $37... maximum-pain.com
Expecting a turn soon. Probably starting next week after some more pain and fear...
Indicators appear to be looking for a turn on the daily, and Volume is drying up on this leg down.
Potential selling climax on...
1. R1 $21.90, R2 $22.50
2. S1 $20.85, S2 $19.50
SLV has accelerated its fall from $23.00 and the price is trying to break back above $22.00. Given the current overall market condition with SLV on a correction trend, for warriors wanting to catch the bounce, can enter at $20.90 with a take-profit target of $21.90, stop loss at $19.95 (a must have to DT). For...
Dollar bears think time is running out for the recent strength. This is how to trade it if it does.
The 200 week EMA above will surely be a barrier if it even gets there. The signal worth waiting for is a clean trend break where the likelihood revisiting the lows increases.
Oil is a great way to play this. Eventually,...
Possible Scenario: LONG
Evidence: Price Action, Inverted hammer candlestick, money-flow
when Silver going to spike, it's a strong signal of bearish market, so I expect downtrend on SPY and QQQ
Call options 17th Sep, Strike 24$
*This is my idea and could be wrong 100%.
silver is poised for a major run into next year
i'm thinking to $100
but not before this final trap.
swinging silver to around $30 is my plan,
shorting it once it hits $31.
this last liquidity hunt from $31~>$20 should be the last one before our run of the decade.
in confluence with my btc idea as well.
who ever is behind these moves is a total...
There's been some divergence in the miners for the first time since silver broke down from 28 as we're trading at the 618 range low - high.
Notice the demand and supply at this level since Q4 last year - a lot going on here.
Zooming in on the 4hr:
For short term traders this is a decent long spot. The 200dma is 26 - so...
My count has a bullish ABCDE Triangle Corrective Wave unfolding for SLV., and if confirmed it will likely continue "sideways" for a bit longer.
See chart for general price and wave predictions. Waiting for confirmation that Wave C is done.
Indicators looking like a turn up is in the cards but volume isn't confirming IMO. However I wonder how/if retail...
Good day. For those who follow me remember I took some profits in silver at "d" The price is now at a good point for "e" if this is a contracting triangle as it appears to be. Watch closely for price action soon that suggests a reversal.
As always process your way.
THIS IS WHY I AM CHOOSING GOLD OVER SILVER (#004 OVER #005) TO EXECUTE THE COMING PRECIOUS METALS SPIKE.
1. Please read previous gold and silver posts for background.
2. The newest relative low silver put in itself is a problem, it almost always precedes a lower low.
3. That low is sitting at 24.40 for spot silver (roughly speaking 22.63 SLV).