SIlver Vs Bitcoin wyckoff Logic

TVC:SILVER   白銀差價合約(美元/盎司)
I find the biggest successes in my investment / long term trades coming from looking at repeating cycles of similar assets coupled with fundamental analysis . Markets typically act with the same logic as explained by Wyckoff - i suggest further reading for those of you who are not familiar with his market hypothesis. I thought i would share this, both because i am fond of both markets but also because of the similarities between the two charts.

Bitcoin             enjoyed a fantastic run up in 2013 and we know what happened following - a long painful year period of sell off, followed by a consolidation down to the $200 range, and well, the rest is history - to $20k in the following two years.

Silver             experienced a slower but still phenomenal run up mid 2010 - 2011 and has since been trying to find a bottom. looking at the two charts i would say that it is fair to say that there is a similarity between the two. To me, it appears that silver             is very much in the accumulation phase and looks like it is starting to show bullish signs.

Silver             is a much more mature market and typically will move slower, which has both is advantages and disadvantages. I play both markets and am unbiased as a result, but i think that it appears that silver             and indeed other commodities/precious metals look good to go to enter the mark up phase after a long markdown / accumulation time.

We shall see.


評論: unfortunately Tradingview doesnt allow for the illustration to be fixed back in time so you need to move the BTCUSD to the left to get the picture

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Interesting. I am considering putting some money into metals right now, when nobody is interested in it and stock markets are overextended.
Factor 4. bitcoin is more appealing by being 24/7, new tech, different audience. comparison 1D to 6H matches better. 20K target in 6 months instead of 24 months.
Good Idea! Thanks!
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