OP / USDTWe have reached the end of the overall market converging pattern during the upward trend, and at the heart of it is a small pattern that can open sell positions to specified areas.
Pric
BTC (Prj.2019.P05.E01).Bearish ArgumentFor now, I see this happening.
Reasons below>
Previous posts that support the bearish argument:
SILVER (Prj 2019.P01.E01).Go LONG with SilverWith the current climate of treasury bonds and negative yields and the control of Gold ( paper work ) and industry needs for silver, the people in the know say to buy GOLD and SILVER.
Hence why I'm doing a quick TA on SILVER.
Observations:
- Bounce off the 0.886 Fib Level retracement and the 0.786 at the MACRO level.
- Price closed above the weekly 21 EMA and 55 EMA, etc
- Price closed above the monthly 55 EMA
- Action price looks BULLISH
- Double bottom
- BULLISH divergence in play on the weekly
Monthly Chart
