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Just like with Gold we are seeing the trend working well with Silver. When you add the Fibonacci levels you get a clearer picture of what is the potential movement to come next week in Silver. We would expect a support below before a bounce and a chance for buyers to cover some longs from above.
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I'll be the first person to call myself a Bitcoin bull. I have been daily cost averaging Bitcoin as an investment for a while now, but I am also realistic about the asset and know that no amount of hopium can make what I want happen unless the market wills it to be so. So, with that preface, I give you my projection for the next year. As with all long timeframe...
It was 69 days of real hell, as Bitcoin crashed to a 61.8% Fib.
Some will recall (or not) that I had said the daily trend switch was important. I was not flavour of the last 2 months for sure. Was I a doomsday predictor? I was not! The chart said something - not me.