Custom PM vs Cryptos chart heavily favors gold, silverHere is a chart I put together and have been keeping an eye on for some months now. I was able to predict the recent bottoming formation which has held up nicely. The chart is adjusted to reflect the current gold-silver ratio, putting them on equal ground, and similarly with the btc-eth ratio.
As you can see, the rise in precious metals versus cryptos has happened significantly in the past, by some 637%.
I know people want hard numbers for this prediction, but that's impossible since there are 2 main factors: The price of metals and the price of cryptocurrencies (namely the top 2 here). Maybe one goes up and the other goes down, or they both up but relatively one more than the other.
What one can surmise from this chart however is that it currently looks still very bullish for precious metals versus cryptos. This is backed by fundamentals such as the shifts taking place with basel III, metals held in an extended accumulation phase, and bitcoin and etherium coming down from it's blow-off top.
NOW
XAUUSD SHORT NOW! XAUUSD showing strong signs of getting back where It was before yesterday's bullish explosion! Managed to get a good entry on 1792.2 and now I'm already in 350 pip profit! Don't miss out on this!
Don't forget to scalp a bit, my recommendation is to scalp 100pips on every 250 pip movement. :D
If you like the idea please comment and let me know your opinions, also if you make some goodass profit please send me a screenshot or a message because I ma making my trading portfolio <3
REEF Update Here's a quick look at REEF 4 hr chart. As we can see, the price couldn't break through the resistance zone and came back down to 0.037$ where we saw a bounce. Now the price needs break above the green triangle before we can build some momentum again.
Note: Look for some volume to come in when the price breaks out from the triangle as confirmation.
The idea is: Buy the breakout from the triangle and sell at the target areas shown in the chart.
Targets:
1. 0.049$
2. 0.053$
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BTC dictates the market. If BTC goes down, then the alts will take a hit. Trade safe!
Short-Term Drop For LKQ?Five of our algorithms point to near-term declines for LKQ on the hourly chart. Our first algorithm (version 1) has identified this event 23 times. All 23 times the stock has dropped at least 1% over the next few days. It has dropped as much as 3% more than half the time. We are projecting slight movement up which should last no more than 2 full trading days before the decline could start. This is based on historical action of this stock when all 5 algorithms are signaled.