SILVER / BITCOINLong
$XAG ready for blast off?
Silver and Gold are both picking up steam as investors seem to be rotating capital out of bitcoin and into the metals.
Both look like nice long setups going into the summer but I'm focusing on xag because I personally believe it's undervalued.
xagusd is forming a coil like pattern that have a tendency to breakout upward.
It's also pressing against the HTF resistance right around $30.
PA above $30 is extremely bullish IMO
If you take a look at the xagbtc pair, xag bounced in April at .00039 btc with some decent strength.
I would not be surprised if we saw a lot of PA around .00039 if btc gets choppy.
If btc continues to see some downside it would make sense for smart investors to rotate capital into silver to reduce their exposure in btc.
Dips are for buying IMO I will be setting orders starting around the $25 zone down to the $20 zone.
Could it be another hot boy summer for silver and gold???
NOT FINANCIAL ADVICE
Both look like nice long setups going into the summer but I'm focusing on xag because I personally believe it's undervalued.
xagusd is forming a coil like pattern that have a tendency to breakout upward.
It's also pressing against the HTF resistance right around $30.
PA above $30 is extremely bullish IMO
If you take a look at the xagbtc pair, xag bounced in April at .00039 btc with some decent strength.
I would not be surprised if we saw a lot of PA around .00039 if btc gets choppy.
If btc continues to see some downside it would make sense for smart investors to rotate capital into silver to reduce their exposure in btc.
Dips are for buying IMO I will be setting orders starting around the $25 zone down to the $20 zone.
Could it be another hot boy summer for silver and gold???
NOT FINANCIAL ADVICE
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