
*US SAYS IT TOOK OUT IRAN'S FACILITIES THREATENING HORMUZ STRAIT
OVcrypto
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@OVcrypto
Investor, world curious, changes believer, freedom ambitious, Libertarian. #Bitcoin // Sharing transparently my investor journey - Not Financial Advice

*US SAYS IT TOOK OUT IRAN'S FACILITIES THREATENING HORMUZ STRAIT

Update: $BTC / $GOLD, 3W As previously anticipated, the highlighted support area where the confluence of the 3W OB, yearly R2, and the 2018 high range is located – held the index, and we got a good bounce. Yes, it took a bit more time than I expected, but that’s the market. If we close this green candle in 8D with an engulfing of the previous one – that will be positive. By the way, on the 2W TF, a bullish engulfing is already confirmed.

#Bitcoin main chart update 🔸Good to see these wicks and absorption below $69k (2021 ATH) #btc $btc



I've been analyzing and talking about metals (mostly on Patreon) since October last year, when I recorded the Metal Thesis video, in which these big moves from GOLD and SILVER were discussed as likely. COPPER keeps building its own cycle bullish div (1W) against gold and COPPER doing well isn't something you see in a declining economy. In the chart below, you can see previous divs with their corresponding dates and what BTC particularly did back then. It signals risk on, not the opposite. So, again, doom and gloom or opportunity?


Bitcoin, such a thing of beauty at the moment. ~ 80 day cycle (blue) ~ 40 week cycle (yellow/gold) Also a video showing the emergence and modulation of the ~ 80 day cycle. Watch for the striking move to around 60 days and then back again! #timefrequency #bitcoincycles


#Bitcoin with some bullish divergence starting to form on Lower timeframes - invalidated if the RSI makes a lower low






#Bitcoin / #Gold ratio chart Longest bear market of BTC against Gold 🔸62 weeks 🔸- 70%

Silver bootie $SI_F Today nearly 2years of world production traded on world exchanges More than 1.5 billion ounces The last time such a proportion traded was Apr 25, the day of the 2011 top I called that top on Apr 24, 2011 here: peterlbrandt.com/how-do-you-spe… Not this time though???


#Silver Blow Off Tops 🔹Silver just had a 50% bounce from the first sharp sell off, in 2011 it bounced 37% before continuing lower. 🔹Momentum seems to be reducing with RSI looking like it wants to go lower, after it has been very overheated at 91 and after it had its bearish cross (see red circles).