Custom Precious Metals vs. Cryptocurrencies chart
This is a composite chart of Gold and Silver versus Bitcoin and Etherium. There is a fairly solid bottoming formation that could turn in to a cup and handle. This would be very bullish for precious metals. Fib retracement of 100% could return to a ratio of 0.39. This would be likely in a scenario in which cryptos continue to decline in value while precious metals continue to increase relative to the dollar.
To be able to play this market, it's best to have a way to easily move between top cryptos and allocated contracts of physical gold and silver.
Luckily there is such a platform. It's called Kinesis: kms.kinesis.money/signup?referrer=KM13494472
and if you like you can read more about it here:
reddit.com/r/Wallstreetsilver/comments/nepgyg/how_to_trade_crypto_for_silver_easiest_and/
To be able to play this market, it's best to have a way to easily move between top cryptos and allocated contracts of physical gold and silver.
Luckily there is such a platform. It's called Kinesis: kms.kinesis.money/signup?referrer=KM13494472
and if you like you can read more about it here:
reddit.com/r/Wallstreetsilver/comments/nepgyg/how_to_trade_crypto_for_silver_easiest_and/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.