igord2

igord2

A similar patterns are emerging in many markets, Silver being incredibly undervalued maybe preparing to run, time will tell.

igord2

Similar pattern is emerging in lots of markets. A run u into November, then some kind of crash (take your pick, FOMC, midterms, Ukraine), but if we keep the uptrend then we are looking at bullish case for USA when EU goes to hell next year.

igord2

Just a conjecture from looking at the crypto total market cap, similar pattern emerges ..

igord2

The short term picture is cryptos broke above the down-trend channel started almost a year ago, there is still resistance above to be broken, but there is a possible triangular pattern leading to the final run up next year when all hell is break loose: s3.tradingview.com

igord2

We now have ABCD points, we just need one final decline (possibly November) to finish the pattern, then rally into February or so, then go down into April to confirm trend change . This may have to do with election cycle - knee-jerk low? Then some kind of optimism rally, (betting on the Fed reversing the interest rates) then disappointment (Fed will keep rising...

igord2

GOLD managed to bounce off the handle part at $1680, but it is struggling to break out. Soon, the chart will resolve itself either up or down. The big picture calls for a wave D either now (down to $1160) or later: s3.tradingview.com

igord2

WPM is involved in all sorts of precious/rare metals. The wedge pattern suggests bottom should be in with one more slight drop. The upside is huge 20x s3.tradingview.com

igord2

Silver failed to break out, with USD bouncing into June/20, it is likely everything will go down again, Silver $`8, Gold $1800 , cryptos another leg down .. Whether June/20 is trend reversal or SILVER keeps on going down is yet to be seen.

igord2

Recent action in SIlver (and Gold) suggests a potentially negative development for both due to USD strength into the near future. Unless Silver start going up and fast, alternative scenario may be at play, a topping wedge with 150:1 or more gold/silver ratio!

igord2

Recent action in silver - breaking $21..4x support line is a very bad sign. While I am long term bullish on Silver, the price action/char suggest near future weakness, down to $14 seems possible! If we do not break out ($27.5) of the potential symmetric triangle, things can get ugly for Silver bulls..

igord2 Updated 

LUNA just crashed, even more than I expected (on same exchanges with thin volume). Not sure if this is the bottom, but it is a screaming buy at this level with limited downside (well, there is always 0) :) At least we should get a significant bounce from here for 1-2 weeks, even if we go lower into mid June.

igord2

Target reached (time/price), it may re-confirm the bottom once more in June, but that is it. Enjoy the final wave to $120k+ into the next year.

igord2

Target reached, it may reconfirm the bottom in JUne, but that is it, enjoy the ride to $420+ into next year

igord2

EOS has reached the target I was looking for, it may re-confirm the bottom again in June, but that is it.

igord2

Apparently I was mistaken about E wave, it arrived now!

igord2

We got a big flat triangle, reversal should be imminent or we are looking at the collapse (in many markets), which I do not hink is here just yet.

igord2 Updated 

Silver is following gold, needs to drop one more time to finish ABC pattern, there is a nice bullish symmetric triangle possible after or it just goes straight up, time will tell

igord2

It looks like a bottoming wedge is in place. We should run for a week or two, possibly break out of the wedge, then correct back into June/12 or so, then start the bull run possibly toward 270 (40x from the current price).