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SLV gapping over the decade

Posted by chartboy on 1st of Jun 2021 at 09:00 am

SLV gapping over the decade old Fan Line

So predictable...

Posted by chartboy on 28th of May 2021 at 08:56 pm

So predictable...

Posted by chartboy on 28th of May 2021 at 07:05 pm

Silver gapped up to the

SILVER 

Posted by chartboy on 24th of May 2021 at 12:19 pm

Silver gapped up to the 100% Fib projection of Friday’s rally off the low and that was it. That ended an A-B-C corrective for now. 

I will update on why

Posted by chartboy on 23rd of May 2021 at 09:42 pm

I will update on why I posted the chart of the bitcoin low as it occured earlier today, but here is an update for now.

The 9 at the .618 is essentially the inverse of the -13 at the bottom of the Fib fork channel when I shared earlier. 

Posted by chartboy on 23rd of May 2021 at 12:45 pm

Trapped below the downtrend and

Posted by chartboy on 19th of May 2021 at 07:41 pm

Trapped below the downtrend and the rising median line. Consolidating for a move

A program came into BTC

Bitcoin at 200 day MA

Posted by chartboy on 19th of May 2021 at 02:03 pm

A program came into BTC and took it from 36000 to 43000 all the while with bids being hit and offers being taken 500-750$ apart almost simultaneously. It disappeared only to return a few more times and move things a few thousand points in the same way. 

Anyone watching this program going

Posted by chartboy on 19th of May 2021 at 01:04 pm

Anyone watching this program going crazy in bitcoin?

Got a nice scoop at

Posted by chartboy on 19th of May 2021 at 07:39 am

Got a nice scoop at 36,587

Btc.  There is the .50

Posted by chartboy on 19th of May 2021 at 07:31 am

Btc.  There is the .50 retracement print I said to expect last night. 

GLD confirming its new channel

Posted by chartboy on 19th of May 2021 at 07:03 am

GLD confirming its new channel lines by reversal off the center pivot. Hopefully, we see the expected backtest  of its breakout from the downtrend line and it is successfu.

There is nothing out of the ordinary here. It broke the .382 retracement earlier after hammering away at it repeatedly. The expectation is that this would result as the next target is the .50% retracemnt in the 37s. This is how bear markets work. 

For anyone not aware, today

Posted by chartboy on 17th of May 2021 at 03:43 pm

For anyone not aware, today is a Fib turn window with price at a major Fib retracement. 

People tend to view horizontal resistance levels as binary. They absolutely are not. That is especially true when they actually are not horizontal (resistance has been declining in SLV since last Aug). In this case, that resistance line, which is the Fib fan line from 2011 has been compressing price, not simply rejecting it as common resistance does. What that all means is that at this point in time resistance should be expected to fail and release the compression. That is a completely different scenario than when that fan acted as resistance when it first hit last Aug. Furthermore, the expectations for the initial move are simple....34$. That is the height of the 7pt base from the classic resistance level at 27$. It is no coincidence 34 is the .618 retracement to 2011 high where the Fib fan line originates. 

SLV back to the top

Posted by chartboy on 17th of May 2021 at 02:13 pm

SLV back to the top of its six week channel. 

After consolidating below the Fib

Posted by chartboy on 17th of May 2021 at 10:52 am

After consolidating below the Fib Fan line from 2011 that I discussed last week silver is now forging its attack to break out. 

This is a good primer

Posted by chartboy on 12th of May 2021 at 10:07 pm

This is a good primer for understanding why Elon caved to the liberal ESG crowd, and why no other public companies will be willing to touch it any time soon.

https://www.hedgeweek.com/2021/03/27/297851/disastrous-direction-travel-why-bitcoin-now-collision-course-esg

That move was all about

Bitcoin Daily Updated

Posted by chartboy on 12th of May 2021 at 08:39 pm

That move was all about taking out the stops below the old swing low at 47000 ish. As a general rule, you wont see a decline like that run to a fib retracement (42000) when there are no recent swing lows near by with which to trigger stops to cover short positions with. 

Another view of apple showing

Posted by chartboy on 12th of May 2021 at 03:44 pm

Another view of apple showing how significant this level is to the whole market. 

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