Be fearful when others are greedy... be greedy when others are fearful.
The RSI (relative strength index) and sentiment are rock bottom right now... this is a great entry place for new Stackers before moving back into Triple Digit Silver.
t.me/SilverStackersSS
The RSI (relative strength index) and sentiment are rock bottom right now... this is a great entry place for new Stackers before moving back into Triple Digit Silver.
t.me/SilverStackersSS
Forwarded from It's Führer Friday o/
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Silver gets used in 1,000s of different ways, but none quite so wasteful as precision rockets... the amount of Silver that gets blown up is higher than the annual US salary.
t.me/SilverStackersSS
t.me/SilverStackersSS
⚡10
Could be just a coincidence, but both Microsoft and Amazon started gapping down on the exact same days that Silver was getting crushed... and with no clear reason why tech sold off that hard.
Was Silver being shorted to take attention away from cracks in the tech sector?
Were there speculators in both tech and commodities who just woke up one morning and decided to sell everything?
Is a major market crash on the horizon and we're just feeling the first tremors?
Or is it all just a (((cohencidence)))🤔
t.me/SilverStackersSS
Was Silver being shorted to take attention away from cracks in the tech sector?
Were there speculators in both tech and commodities who just woke up one morning and decided to sell everything?
Is a major market crash on the horizon and we're just feeling the first tremors?
Or is it all just a (((cohencidence)))
t.me/SilverStackersSS
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Silver dipped again today, just below the 50-day moving average (on a daily chart).
There appears to be a reverse head and shoulders forming, which would signal a major move to the upside in the next week or two.
There's also the possibility that Silver continues to consolidate sideways at or near the 50-day; and there's potential downside risk with the 200-day moving average in the low 50's.
This bull-run is certainly not over; but it does appear to be clearing out a lot of the speculators who entered the market in late December and January.
t.me/SilverStackersSS
There appears to be a reverse head and shoulders forming, which would signal a major move to the upside in the next week or two.
There's also the possibility that Silver continues to consolidate sideways at or near the 50-day; and there's potential downside risk with the 200-day moving average in the low 50's.
This bull-run is certainly not over; but it does appear to be clearing out a lot of the speculators who entered the market in late December and January.
t.me/SilverStackersSS
🔥14👌10👍5