ein.selbst

ein.selbst

as always, I feel the need to point out my amateurishness. I did some experimenting with fib levels on the gold chart and was surprised how well it matched. Then I fiddled so long that I finally got some kind of outlook for what might be relevant levels given the gold price will rise more in usd.

ein.selbst

As always, this is just me thinking out loud. If we consider the fiat/usd deflation narrative and also the idea that btc will be the digital gold or its digital equivalent, then the ratio of gold / btc should be relatively unaffected by the loss of value from usd. I would like to track this for a while with this chart, which has the horizontal lines as 12 month...

ein.selbst

monthly levels taken into account, we are currently at monthly support so if we lose ~1910 on monthly close we almost probably will see 1650, which is a weekly level. And if we lose this too I would expect the mentioned 1400 to 1100 as the zone where the price will turn upside again, based on the previous ATH from 2017-2018. One way this could play out is that we...

ein.selbst

the pink lines are the historic levels from 12 month chart, they obviously carry meaning over the decades and given that, silver would be at resistance, also from the range it formed from 2011 - 2013. Given the current economic situation I would expect it reclaiming that range and probably shoot over, maybe reach ATH at around 50. But not sure if it would break...

ein.selbst Updated 

Beginning of 2020 the ratio was at 126, which means it took 126 oz of silver to buy one oz of gold. A few months ago we had been at a ratio of 62. That means silver had almost doubled it's value regarding gold. We are at 69 currently, so if I would have metal and I expect the ratio to go up again this would be the time where I should exchange my silver for...

ein.selbst

I consider buying some silver so I need some kind of overview where we are at.

ein.selbst

I expect ETH to revisit 2k

ein.selbst

for my own reference

ein.selbst Updated 

Looking at htf I always have the feeling some more downside will happen before more upside is coming.

ein.selbst

Add some fibs horizontal and vertically, they kinda match but not perfectly.

ein.selbst

I have no clue. In the past the chart sometimes has the tendency to end up at the intersection of long-running trendlines.

ein.selbst

I just don't know how to do several charts so I always have to publish it to be able to make on for another exchange...

ein.selbst

I just do this for myself. I'm no good at ta.

ein.selbst

I did draw some long term trend lines and monthly candle closes in pink, some weekly in blue. then guessed what might happen next.