Silver versus BLX (Bitcoin)
Updated
The Technical Analysis
Fundamental Analysis
Imma go big back into crypto when I see the inverse of this chart. But right now precious metals are back on the menu.
- The Price action & MACD both on log chart
- RSI had a technical double bottom and price action set a higher low
- MACD moving upward upward
- Triangle due to break out
- RSI very likely to swing to oversold based on history
Fundamental Analysis
- Yield curve inversion
- Greenspan says NO BARRIER to treasury yields going negative
- SPX only up 5.3% in two years
- SPX in a broadening channel, see linked post
- Foreign indexes set lower highs already
- Trade war
- Brexit
- Hong Kong
- US Farmers at highest rate of default in 20 years
- Baltic Dry index setting highs after over 5 years
- you can put silver in a sock and beat some to death with it, but can't do that with bitcoin
Imma go big back into crypto when I see the inverse of this chart. But right now precious metals are back on the menu.
Note
If you follow me but not my silver/bitcoin post I highly recommend you follow this post, just so you can hit the play button with me once a week or month.
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