This custom chart that I post periodically continues to have excellent TA. Right now it's reflecting the volatility from recent crypto events, and less obviously but more importantly, that gold has bottomed. The spike upwards is showing us where things are headed - bullish for precious metals compared to cryptos. BTC *may* have found it's bottom (for now,...
Okay plebs, listen up. This is the chart I've been using to trade between precious metals and bitcoin, ethereum, and other cryptos. It is a custom chart, adding gold and silver with a modern ratio, doing the same with BTC and ETH, and pitting them against each other. What you get? A smooth chart that obeys technical analysis quite nicely. And here we have a...
#Bitcoin and #Ethereum have been in a lot of hurt lately, and the end has yet to be seen. This custom chart shows #Gold and #silver in their historic proportions versus major cryptocurrencies #BTC and #ETH. As you can see, PMs have been outperforming cryptos in general since November of last year. A reverse head-and-shoulders can be found in this chart, implying...
I designed this custom chart to monitor the relative strength of top precious metals gold and silver versus top cryptos bitcoin and ethereum, to their respective ratios. As you can see, there is a compression triangle of sorts that has formed and looking to determine which way it will break out. The bottom is supported also by this arc spanning a much larger...
This custom chart of precious metals Gold and Silver versus cryptocurrencies Bitcoin and Etherium (each in their respective ratios) has reached a Golden Crossing (50DMA moving above 200DMA) for the first time in over 2 years. I've been amazed at this dynamic custom chart and the patterns that come through here. I find that it's often easier to do technical...
This is in an addendum to
Green arrow - best case scenario where we see over 100k this year Red arrow - worst case scenario (of course it can always be worse). Looking at 80:20 odds in favor of a bullish bitcoin I just removed all my sell orders in case this rocket takes off. NOT financial advice obvi
In this custom precious metals (Gold and Silver) versus top cryptos (BTC and ETH) you can see the last lowest low was November 9th in what appears to be a bottoming formation. Price ratios continued in an upward channel (shown in yellow) and have just confirmed a breakout upwards from that channel. Suffice it to say, PMs have been outperforming major cryptos since...
With rising inflation the price of anything is not likely to go down, especially inflation hedges like cryptos or precious metals. The question for the savvy investor, though, is which will increase faster by percentage? To help navigate this, I created this custom Precious Metals to Cryptos chart, with gold and silver representing PMs at their respective rations,...
Silver is down on the week, but it's driving back into buying territory. It's also the end of the month when silver prices typically get pushed down in order to make expiring contracts cheaper. Next week starts with a new month, which tends to be optimistic for silver. This plus the buying territory makes it likely that silver will have an uptrend especially at...
What everyone wants to know rn so I'm gonna take a stab at it. I normally wouldn't, since I don't have a clear enough answer to post about it, but it's such an exciting time. I'mma say NO It's climbing too steep too fast. As you can see, it's been in an ascending wedge ever since it broke out of the death cap (which I called accurately). Ascending wedges are...
but will is surpass 3500? It very well could if Elon tweets about it around then. As always, don't invest more than you can afford to lose.
As some of you may have noticed, the precious metals sector is showing signs of life after a recent cycle bottom. This is great news for bulls. But I'm writing this to show the long-term view. In this monthly chart, you can see we're coming to the exciting edge of the cup of a decades-long cup-and-handle. Cup-and-handle is one of the most bullish chart formations...
Silver ended last week not looking so good, and it has lead to a bad start for this week too. After breaking below $25 resistance, it has held above the next level of 24.75. It is likely to retest this zone again this week, so depending when you're reading this the title of this article may not be exactly true - but I'm really looking at where silver is likely to...
I originally drew this arc months ago and it has been playing out nicely. But now, it's getting very near the edge. A lot of people are expecting a big (10k+) move in btc soon. But up or down? Down looks more likely to me in the short term. If I had to guess, it would be a flash-crash coming in the next 10 days or less, followed by new all-time highs in September.
Here 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...
In this custom chart comparing gold and silver together against gold and silver, you can see a bull flag forming. A break above the top purple line would be very bullish. Possible it could break down from here, but less likely. To trade allocated gold and silver directly versus bitcoin, etherium, tether directly (or with fiat pairs), check out Kinesis: kms.kinesis.money
Looking very bullish. The flag is almost complete, with possibly one more pullback before breaking to the upside. Looking at $60 silver here