Look at the chart. And let it sink in. Hecla is building up momentum for a break out! All patterns indicate that HL is ready for a BIG push upwards.
We are now 'diddering' around the 17-18 mark. Building up momentum for a hugh break out! For the longer term (and for the stackers) we have an amazing buying opportunity. Today i will expand my positions. Longer term target (6-12 months) 33-50 usd remains.
The pattern of Bitcoin progresses very well! Every Bowl has met its target!
Silver is doing very well and has just started its new wave. (see the light blue 2) All patterns fit nicely and all the targets have been met so far! So there is a very high probability that the patterns within the big cup and handle pattern (not shown on this graph) will be met. Every pullback in the silver price could be seen as a nice birthday present and a...
Consolidation is starting and the bottoming process is beginning... Bitcoin is on the rise again. If bitcoin surpasses the 920 - 940 level we have the conformation that it's at the end of the consolidation proces... Above 940 we have left the consolidation fase and bitcoin will start rising again t the next stop around 1140...
There could be a buying opportunity in the coming hours...
Hecla has just given a buy signal. Volume has to gain a bit more before we see an outbreak. Fundamentals are superb! See for yourself the latest financial report: outstanding!
Gold has just left a nicely formed wedge... target is 1248.
The patterns are shinning very bright for Hecla. When the shareprice crosses the 6,60 line, the pattern tells us that we could see higher prices in the nearby future.
Silver is now in the corrective wave two. We can already see the first signs of bottoming e.g. the indicator RSI has a positive divergence on hourly. At the same time silver is making a right shoulder. In the chart you can read my findings.
Leg three has started... and could go to 48,40 (wave one x 1.6 fib). A strange coincidence is the fact that the light blue wedge has the same price target... It also means that wave 5 (calculated) could bring us to 60 usd before july this year or in the first quarter in '18 There's a lot of upside potential...
Mc Ewen Mining is slowly working its way up to the 4,80 mark. We clearly see a C/H pattern and at the same time a H/S pattern. And a beautiful wedge with a base of 5.20! Gives a target of 7,35. If the patterns, we see, are correct we can buy now... or expand our positions when the price surpasses 4.80... Above the 4.80 mark we could expect an extra upwards...
Nugt has produced a new pattern and is easy to 'read' right now. The BIG (pink) flag is formed and was foreseen... We have now a short term target of al least 16 usd. The bigger picture gives a much higher target...
It looks like gold could take a breather before it resumes it upwards trend.
Beautiful news from China: Chinese central authorities R getting ready to 'embrace' #BTC 'officially'
Take your time to take advantage of this chart. The bigger picture looks extremely well! On the other hand: Short term positions could also be profitable...
NUGT Update: Nugt just broke out of the pennant ... See for yourself...
If the pattern is correct the bottoming process will start any time now.