CDE long idea. I am targeting the confluence of 1.618 ext PLUS h&s projection.
Get on board the PM train, f**k cryptos , that's yesterdays news. TP and SL levels are on the chart. Trade accordingly.
Crude Oil / Silver ratio short. In other words, buy Silver, cautious on CL. Long term analysis shows us that the CL/SI ratio typically downtrends while silver is in a bull market, similar to the GSR. This is yet one more confirming metric that the bull market in precious metals is now in play , it does not mean short oil. What it does mean is accumulate precious...
As we enter the new silver bull market i will focus on stocks that i believe will provide the greatest ROC. I have many silver stocks that have done over 100% already but i believe many are ahead of themselves. This little gem is dirt cheap, has had a massive volume accumulation bar and has just broke its trendline. I own it and recommend it as a buy at these levels.
Buy Silver Sell BTC (and Crypto). The next leg of the PM bull market is about to begin. For those that have not yet clued in that the next great bull market is underway and it is NOT cryptos it is still not to late . But of course crypto bagholders AKA rear view mirror investors will continue to HODL and hope and most will not even think about abandoning ship...
Buy Gold - Sell BTC. Gold/Silver and BTC are highly negatively correlated assets and although many think it is wise to own both i totally disagree. I own one or the other as a long term holding and just swing trade the other. The fact is that gold has outperformed BTC by a wide margin since 18-Dec-2017 (BTC top) and continues to do so. If there was any doubt about...
ABC long idea short term trade profit target 150
Yet another big pin bar on the major cryptos. I was stopped out of my previous short positions and this is why i do not place buy orders on breakouts in the crypto sector, the amount of fake breakouts on this current bull flag is mind blowing. We have yet another fake breakout reversal. This action leads me to believe that the drop coming will be truly rewarding...
ETH rejected the downtrend upper channel line. Exit long go short.
ETH last move up was strong but was rejected at the trendline. I am short and looking for ETH to break the last trendline and head to 70ish. If we close daily above 134.50 i will switch to long. Best of luck trading!
Short GSR or in other words LONG Silver , Gold second and their associated mining shares. SL 84.60 Expect a larger pullback after TP2.
EXK mega buy signal. H&S inside right shoulder of larger H&S pattern break of neckline and bull flag on daily chart. Initial target 2.90-3.00 Larger target (blue arrows) TBD later when/if we break the larger pattern neckline.
Looking for a drop to the 15-18 dollar area. Target date APRIL 1 2019. From there i will look for a long entry at potential bottom.
gold closed above the weekly log trendline, mining stocks confirm the bullish trend. There are 2 more resistance 1380 and 1400 but the long term downtrend is now broken. Once we exceed 1400 we should see 1523 very quickly.
The relationship between bitcoin and gold has been interesting . Using the XUA/BTC ratio we can see that bitcoin has not outperformed gold since the top of BTC at december 17th. The ratio has traced a 1 year bullish triangle pattern that i believe will be broken to the upside as gold regains its rightful place as a store of value and BTC loses its place as the...
Gold is about to take center stage as money flees from cryptos.