A Look At A Similar Pattern Unfolding With Silver And Bitcoin

The pattern unfolding with Silver and Bitcoin are similar but time is different. Patterns are always the same whether it's the year 1919 or 2019, just look at the charts from a century ago.

Right now we're looking at some basing with Silver and Bitcoin. If the price breaks below the previous lows all bets are off on this pattern. However, if the price breaks to the upside above the upper resistance in the sideways pattern look for the targets to unfold in the bottom 2 charts.

I hate to say EXPECT the targets of 1.6 or 2.6 or 3.6 or 4.6 times but the odds are much better than 50/50.

Bitcoin 4 hour bar

Silver futures weekly

Silver Futures Weekly With Fibonacci Extensions

Bitcoin 4 Hour Bar with Fibonacci Extensions

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So in ending........ Use critical thinking and think for yourself.