Cup and Handle BreakoutBeautiful Cup and Handle breakout (double bottom as well). 1st target 16.50Longby mgreenfield0
SLV Island BottomPer Bulkowski: Important Bull Market Results for Island Reversals Overall performance rank for up/down breakouts (1 is best): Not ranked Break even failure rate for up/down breakouts: 31%; 32% Average rise/decline: 32%; 13% Throwback/pullback rate: 54%; 55% Percentage meeting price target for up/down breakouts: 79%; 60% 32% up would get us close to 20Longby Glewis541
SLV Breakout? or Fakeout?Fast move to top of current range. Stochastics turning up and the parabolic indicator implies the start of a move higher. For Elliott Wave,, could be a wave 5 of 3 of 1. Any EW experts here? If follow through on heavy volume comes in, some gaps above 15 and 16 need to be filledLongby Glewis540
SLV oversold and retesting previous supportstoch big time oversold, price broke above previous support, now re-testing long for me with a stop at 14.20Longby el_ChadoUpdated 4
How the FED Will Pump SilverHistorically, when the FED decides to raise interest rates it ends up breaking the market. This happened in 2000 and 2008 with the solution being interest rate suppression and quantitative easing. Both of these methods produce abnormal rates of inflation, leading the FED to raise interest rates in an attempt to preserve the purchasing power of the dollar - and it breaks once more. It is practically certain that going into this next recession, the FED will once more lower interest rates in an attempt to stimulate the economy. Yet each time they do this, they must start by filling the "bad debt black hole" in order to prevent a complete breakdown in confidence. The black hole grows proportionally to debt, and considering there is more debt now than there ever has been in history, the initial round of QE required this go around must be unprecedented in scale. QE and suppressed interest rates are what caused commodity prices to take off in 2009, notably gold, silver and oil. We can expect the same result this go around. Once the FED is forced to lower interest rates close to or below 0%, there will be no floor on inflation. That point in time will be the perfect setup for silver to shine. When will it happen? It could take another year or so before we see a FED response to a market suffering from debt withdrawals. SLV calls are particularly attractive in such a scenario, as they offer superior leverage for limited risk. Assuming SLV went from $15 to $60 within two years (well within reason), SLV calls offer reward:risk of up to 70:1. Best positioning may be found after a drastic FFR rate cut. Side note: Largest physical holding of silver, and manager of the SLV fund, just so happens to be JPM. JPM also *coincidentally* held the largest net short position in silver on the futures exchange not long ago (cash deliverable only).Longby Derivati_Capital226
SILVER VS BTC BUBBLE ANALOGIn our BTC vs SLV analog piece we identified remarkable similarities within the charts. Trying to figure out the time frame of the consolidation area is key. In SLV, the timing of that consolidation period was over 3 months, however, the 500% rally also took 2.5 years. In BTC, the 500% rally only took ~9 months. With this scaling in mind, the consolidation period in BTC may be closer to ~1 month than 3. Any clues as to WHEN the next move occurs is critical when it comes to trading BTC Derivates, because in options, timing is everything! In the first week of December, we had compared the two charts stating that BTC was in a consolidation period that, if correlated on the same time scale as the SLV bubble, would break the interim lows of ~$3,200 between 1-3 months. We believe this thesis still remains intact which could mean seeing a break of the lows in the coming weeks. A 25% selloff in BTC from the current lows of $3,200 would be to roughly $2,400. If this occurs, we believe new institutional players will enter this space to start reallocating their assets and resources into Cryptocurrencies. Since BTC has first-mover advantage and name recognition, we think this would be the coin that "Wall Street" uses as an avenue to invest in to get digital asset exposure. Over a month ago, we came out with an analog piece comparing the Silver bubble of 2011 to the most recent bubble of BTC. In the first week of December, we had compared the two charts stating that BTC was in a consolidation period that, if correlated on the same time scale as the SLV bubble, would break the interim lows of ~$3,200 between 1-3 months. We believe this thesis still remains intact which could mean seeing a break of the lows in the coming weeks. A 25% selloff in BTC from the current lows of $3,200 would be to roughly $2,400. If this occurs, we believe new institutional players will enter this space to start reallocating their assets and resources into Cryptocurrencies. Since BTC has first-mover advantage and name recognition, we think this would be the coin that "Wall Street" uses as an avenue to invest in to get digital asset exposure. Contacts Tim Kelly Founder and CEO tkelly@bitooda.io Brian Donovan Executive VP of Institutional Sales bdonovan@bitooda.io Dr. Ilya Kurland Chief Derivatives Strategist ilya@bitooda.io About BitOoda BitOoda is a digital asset advisory firm specializing in trade execution, market analysis, and structured products. For business inquiries, please e-mail info@bitooda.io Shortby BitOoda_LLC119
Silver ($SLV) tests resistance for 1st timeSilver has been in a bear market for 8 years. It will very likely not break through this strong resistance order block on first try. $14.00 level will provide a nice take profit opportunity or long entry. Shortby scottystu1
SLV Approaches Breakout LevelMomentum in SLV appears to be very strong but heavy resistance lies ahead. Can SLV break through the 16 level? If so, upside may reach $50+ .Longby Glewis543
Silver Due For A PullbackExpecting a short term retracement to retest the breakout zone Shortby TradingMula3
What Happens if Silver Can't Break Out?Successful resistance at 16 could lead to a 50% drop from current levels. by Glewis54221
Time to long silver?Silver has had a pretty rough time since April 2011. Looking at a monthly chart, we're starting to see it poke it's head up. The vortex indicator is in a position that shows we may have hit a bottom. MACD is curling to the upside as well. Break of the red trendline to the upside (candle close) with an uptick in volume will be the confirmation for this trade. This could be a solid long-term play in the coming months/years.Longby nickfondz223
Is silver about to turn bullish?Good afternoon traders, Been quite some time, my workload is year round, however it's quite seasonal. I'm finally coming off and find myself with some time to do some charting. Silver is one of my long term holds, it's at historical imbalances with gold, and once again, expected to out perform gold in 2019, take that with a grain of salt because as we all know, metals aren't the cool investment on the block these past years. Let's dive in. Bullish Key Points: 1) Silver is currently sitting underneath the 21 Weekly EMA, the first test will be to clear this hurdle and start trading between the 21 and 50 EMA. 2) The 21 and 50 EMA have crossed on the daily chart, last time this has happened was June 8th and silver rallied almost 6%. 3) If silver can break the 21 weekly EMA, then it has another immediate test @ 14.00. Beyond this, we have the local downtrend channel dating back to August 2016 @ 14.50. 4) Silver currently has the most upside of all the metals, and with the current market economy, could potentially realize significant gains in the next couple of months. Bearish Key Points: 1) Let's be honest, this is a highly manipulated market. If the powers that be deem it's not going anywhere, well it just won't. 2) Weekly EMA test. Silver has not traded above the 21 EMA since June, if it can't find steam in the current market conditions, I'm not sure what else it will take to get it moving. 3) It has major tests ahead. In addition to the weekly EMA we also have two major tests within 6% of the current price. Positions: 1) I currently hold spot silver ETF, as well as multiple future long calls. As always, if you appreciate my content please hit the "Like" button, and consider following. Thanks for reading!by ant187Updated 775
SLV Double Bottom Breakout with Bull Div on RSISLV Double Bottom Breakout with Bull Div on RSILongby mgreenfield1
The Bottom is INRecent short term bottom supports a longer-term double bottom. First target 17-18. Longby Glewis542
$SLV New Fib Support. Next support, looking at the $12.77-13.06 area. Going long $USLV on buy signals if it holds. by fzavalatjc3
Cup & HandleGood day folks, Looks like silver is making a cup and handle pattern. I'm a buyer here and will hold for a few weeks (maybe months) unless it is clearly unable to breakout. Anyway, a nice addition to any portfolio imo. Have a nice day! Longby tipere445Updated 1
Silver Bells? Have some for the long runLong term Head and shoulder bottom. At historically cheap prices. Doubt it lasts. If 2007 repeats. Could double. Longby DeadDeedz338
Silver not going to stay cheap for long. Zoom out and see the head and shoulders forming and long term lows holding Longby DeadDeedz115
SLVTrigger 14.05 volume confirmation needed !! Risk to reward 5:1 upside potential 8% Longby UnknownUnicorn942585115