Silver is looking very good right now. On the monthly time frame rsi looks very good. It is bouncing on 50 and staying above. This shows a lot of strength. Also we are in an are of support from previous resistance. We are also in the zone where most patterns gain support. In this case we have a W pattern that reached its first target. The .382 retracement. We...
The sellers seem to have all the control they need. If they continue to show strength get ready for a bounce to the upside around mid 440s. Many retail traders will be looking to get in here. Around 442 many "big boys" with shorts will begin to defend their short positions by adding more. Should be some solid opportunities both ways.
Should see drop followed by a rally. Looking for some more confirmation with rsi as well as price action. Still too much strength to the upside.
Here is a little updated version of my last post on bitcoin. Go ahead and look at it for yourself called the EXACT top of BTC on jan 3. Overall i'm still very bearish long term. We most likely will see a bounce upwards in the coming days...... good chance to get out as a lot of smart traders will. This will cause it to plummet even more. LOTS OF PANIC SELLING...
Bitcoin is about to take a spill, decent time to get long afterthis correction starting at 12k-10K price range