Se7enSkies

Se7enSkies

Trend Line 1: we should stay above this line if we want a reversal at $1760s. This chart is telling me we’re below the trend line. Trend Line 2: The chart says we can hit $1680-$1690, but we need to form a reversal around here to continue the bull run and not go below this line.

Se7enSkies

I think touching the first trend line is highly likely because of the H&S forming on the weekly chart. Touching the middle trend line can happen if we’re in a bear market (according to logarithmic regression chart, I believe we're in the beginning of the bear market). Touching the lowest trend line would be ideal and lovely for me because I can buy dirt cheap...

Se7enSkies

I want to buy $1700 so bad, but I just can’t decide if this is the bottom or there’s still more room for a $60 drop.

Se7enSkies

Whether history repeats itself or rhymes, we will touch the trend line again one day. The higher we go, the harder the fall.

Se7enSkies

If I have drawn the triangles correctly, then we have not bottomed out. According to these triangles I expect a return to $1,660-$1,680 level as it shows a great deal of support around that area.

Se7enSkies

I see a H&S on Gold monthly RSI (bearish). If in fact it’s a H&S then we haven’t bottomed yet and I expect a bounce around the drawn RSI trend line. I hope I’m wrong.

Se7enSkies

I personally think we will go up after touching $25.1-$25.3 area. Lower than that will have me worried. I’m very tempted to buy around $25.1-$25.5 if we get there, if we bounce from here and go up then I’ll have no choice but to buy asap.

Se7enSkies

Possible ounce around the weekly RSI trend line.

Se7enSkies

We shall not go below the bottom line of the triangle or there will be blood. Breaking above the top line of the triangle will confirm a giant reverse H&S which will take us to the andromeda galaxy. $1,745-$1,755 is possible according to this triangle even lower than that depending on the timeline, but long term I’m long horn bull for sure. Oh, one more thing: as...

Se7enSkies

SilverUsd

Se7enSkies

I’m expecting the price to go up upon breaking this triangle. If we want up then we shouldn’t go below $24.8 But if we do go below this price there will be more opportunities to buy. Personally, I’m leaning a lot towards buying more around $25-$25.2, but honestly my ego wants the price to go lower so I can buy dirt cheap before $600/Oz

Se7enSkies

Just look at the chart.

Se7enSkies

There’s not much analysis here. I just saw this pattern and wanted to share. If you think this pattern is of significance then comment below and educate me.

Se7enSkies

Simple self-explanatory chart. Like + comment = dopamine rush.

Se7enSkies

If we want to break ATH we need a big bullish pattern on the weekly or monthly. An inverse H&S is likely due to the resistance around $1,900.

Se7enSkies

Take a look at the line on the RSI chart. We need to break above the line to have hope of continuation of this bullish move. If we fail to break that line we may be in for a lower low. There’s strong resistance at $30k, some resistance at $23k-$25k, and more resistance at around $18k-$20k

Se7enSkies

I’ve written everything on the chart.

Se7enSkies

Well I mean if this pattern is right then we may find ourselves seeing new ATH. I have dopamine deficiency. Like my posts to give some dopamine rush.