Internet vs GOD
Pomp vs Schiff
New vs Old
Why would you compare BTC to USD, when you know that USD isn't hard money. What we are trying to do here is find the fastest horse in the hard money arena. This pair is still fairly balanced, and price is securely inside the long term wedge. BTC has the upper hand in the short on it's journey run to test the upper trendline.
Adjusted for the amount of Money Supply (M1+M2) we still are nearly as overvalued as in '99. The opportunity for several more months or even years of irrational exuberance are a possibility. It's hard to stop such a freight train of a strong trend.... so much momentum behind it.
For now .. LONG
Ok so this stock has a price to book of 0.28, would have been a 40% div yield ( had they not cut the dividend). Did this stock only drop since they cut the dividend? Do investors not care that the Assets - Liab's of the company are worth much more than the company's stock? Seems stilly. Buffet often suggests buying at a discount to book value, which we definitely...
With only a $15B market Cap, Silver is a steal. It's testing the 300 period MA support line ( thats 25 years guys).
I think we'll see $150 XAG within 5 years. There is alot of room to run on the upside, and hardly any on the downside with how extremely tiny it's market cap is.
As you can see the general trend is up. Could be back to $20 before the years end.
After the 5 wave Elliot with the ABC & the .618 retrace, at market price right now looks like a good entry to me! It would be a dream scenerio if the large wave pattern plays out, but lets hope for the best. With all the excitement I doubt we go much lower than 6 or 7k Satoshi's.
From April 18th 2018 to today Aug 25 2018, the AMZN price has increased 41.1% in just 133 days, for roughly a 112% annualized return. This run is due for atleast a correction to the .382 or maybe even the 61.8. My gut tells me only the .382 since it looks like it has plenty of momentum behind it.
Extrapolated from the previous fractal, we are looking at $22 folks. Obviously a dream scenerio but I'd put this as the extreme upper limit for XRP's next run up. something more in the $5-10 range is more realistic.
High Risk to reward on this bullish continuation trade.
Target 1 is 1.618 of previous impulse, a price of $6,915.
Target 2 is 2.0 of previous impulse, a price of $7,000
This trade only has to work roughly 20% of the time to be profitable.