Bitcoin's current correlation .20 with the underlying currency indicates price is mostly speculation (very low correlation to US Dollar). While gold has a stable VERY high correlation to currency, with very little price speculation. No where near a bubble, as the speculation should decrease the correlation. Gold is money.
IF explosion this month, target range is 32$-50$ (sliding scale concept, must redo each monthly candle close to re evaluate higher up targets). Notes using known resistance for silver's distance from 1 year moving average: 1- farther from zero, best greed profit taking later in a bull market 2- closer to zero, best fear entries early in a bull market
If #bitcoin rockets to 46K, it would be over 220% above it's 1 year moving average. Also an area where you can't see clearly as "fear of missing out" is in full effect... Risk vs reward is NOT skewed in your favor. $btc #fomo #ethereum $eth #fintwit
Monthly confirmed breakout. Target 100% move in 3 months or 32.50$, now 16.30
30 year real rates weekly chart confirmed continuation breakdown. +9 years of borrowing against future self, with a wall of justice keeping the falling real rates in decline.
Here is the road map of my current understanding of the fiat currency cycle, and where silver (or gold) sits in it. Silver goes up in ANY case where currency debasement
Remember real rates is what drive precious metals and that real rates are composed of nominal rates minus inflation rate. Sugar is great at confirming market anticipation in inflation rate movement. If sugar is building a bullish chart pattern, what do you think this is telling you?
If inflation adjusted fed fund rates can deepen below the -1% line (now at -1.09%), we got more evidence of melt-up mode for silver vs gold right around the corner.
Possibly only the 3rd time, in over 100 years, we get this signal for silver on quarterly log chart. Good things can happen in sustained positive TRIX zone... 2021 should be exciting!
Sync'd at Bitcoin's March 12th lows, see how my "Rocket Ship Award" recipients have performed vs crypto's flagship Bitcoin. Not easy to follow in it's tracks.
Hey, hedge fund managers and pension fund gurus... you should check out what is coming you way! Some gold or silver will help your investors preserve some wealth.
My premise for silver's next melt-up was real yeilds breaking down... well they finally did! Silver will be allowed to move and EXPLODE. Non-greedy, linear measured move range 35$ to 38$ in Q1 2021. #silver #silverstocks #sitfolio $slv #fintwit #gold $gld
As of now, Klondike Silver hasn't given back any gains after rapidly reaching the pole-flag target. Higher up targets, but correction first?
Chaikin Defined Rocket Fuel is ready, above volume defined breakout line... above inclining 1 and 3 year moving averages... TAKING OFF!
If this is true, we are still early. Enjoy this road map.
everybody knows my relationship with the 30 year real yields... brink of being stuck down!