[SILVER/USD] One Of The Best Silver Trades In Our Lives!
Hello and welcome everybody!
Today I want to share this Legendary silver trade that I spotted ( and for sure many other silver/gold bugs did too)
I'm already in this trade actually. I bought silver at the 2020 Q1 March bottom lol.
That is the lower white line at 14 usd. So practically Ze Bottom.
Bought it physical though in case fiat crashes/hyperinflation/civil war occurs so I got something to buy food with if we see a doomsday scenario.
The top white line is the silver All-Time-High price.
The green line is Ze buy-in line with a candle close over the green line on the weekly chart as buy trigger.
The green line is above all resistance in that area and will work as support for a test of the All-Time-High 120% away.
Stoploss for me would be a weekly candle that closes below the green line :)
We are looking at the monthly chart because it is the most relevant timeframe for this trade.
Last time silver went for the all-time-high it only took about 190 days after break of the green line to reach the top.
Remember it is highly likey that silver smashes through the old all-time-high and nobody knows where that bull-run will end.
When to sell? Many options. I dont really know tbh. I bought in lower so it is just a free ride for me right now.
Option #1
Sell below magical numbers/former resistance ( pyramiding out/ scaling out )
1# sell 33% at 33 usd (red line)
2# sell 33% at 39 usd (red line)
3# sell 33% at 43 usd (red line)
Option 2#
Hold and hope silver breaks all-time-high and if silver is rejected the sell trigger is a red monthly candle after the test of the old all-time-high.
Many other options. I would pick option #2 and buy-in again if the all-time-high is broken :) I will likely throw up a new trading idea by them :)
Good luck and stay positive & never give up.
Confucius_The_Great
Today I want to share this Legendary silver trade that I spotted ( and for sure many other silver/gold bugs did too)
I'm already in this trade actually. I bought silver at the 2020 Q1 March bottom lol.
That is the lower white line at 14 usd. So practically Ze Bottom.
Bought it physical though in case fiat crashes/hyperinflation/civil war occurs so I got something to buy food with if we see a doomsday scenario.
The top white line is the silver All-Time-High price.
The green line is Ze buy-in line with a candle close over the green line on the weekly chart as buy trigger.
The green line is above all resistance in that area and will work as support for a test of the All-Time-High 120% away.
Stoploss for me would be a weekly candle that closes below the green line :)
We are looking at the monthly chart because it is the most relevant timeframe for this trade.
Last time silver went for the all-time-high it only took about 190 days after break of the green line to reach the top.
Remember it is highly likey that silver smashes through the old all-time-high and nobody knows where that bull-run will end.
When to sell? Many options. I dont really know tbh. I bought in lower so it is just a free ride for me right now.
Option #1
Sell below magical numbers/former resistance ( pyramiding out/ scaling out )
1# sell 33% at 33 usd (red line)
2# sell 33% at 39 usd (red line)
3# sell 33% at 43 usd (red line)
Option 2#
Hold and hope silver breaks all-time-high and if silver is rejected the sell trigger is a red monthly candle after the test of the old all-time-high.
Many other options. I would pick option #2 and buy-in again if the all-time-high is broken :) I will likely throw up a new trading idea by them :)
Good luck and stay positive & never give up.
Confucius_The_Great
Comment:
Sorry for the ugly chart. Had to add the red lines at the end for sell prices and then it became ugly :S Too late to change line thickness now.
Comment:
This trade could take years to play out btw. But after a legit break of the green line it should take off like last time. The bullishness is here big time to make it happen if you look weekly at all the green candles vs red candles since the March bottom.
Comment:
It is looking good. Silver broke POWERFULLY the DOUBBLE resistance! In one freaking candle. I feel confident that we will see a new all-time high :)
It is still not too late to buy in. 80% profit is the target unless you hold and think that silver/gold is going even higher like they likely are long term :)
It is still not too late to buy in. 80% profit is the target unless you hold and think that silver/gold is going even higher like they likely are long term :)
Comment:
You can take the same trade on gold too if you want. Some "experts" are far more bullish on gold than silver. But they are like bitcoin maximalists. Too unintelligent to give in to history/facts that silver and gold move together no matter what if not manipulated. ( silver have been manipulated my Deuche Bank for at least 10 years from around the year 2010 or was it 2000 as I remember - they have been fined for it) So that is most likely why we for years saw silver not follow gold as it have been doing historically and what these fools "experts" use as "facts" to why gold will moon and silverwont follow. - But you can make a trade on both or just one of them if you want :)