2512 replies to this topic

[Russ]

 

Dust is sitting right on a long support line, if it breaks gold should go on quite a ride. 

ist the rule to buy support sell resistance?

 

Or sell the breach of support which in this case means gold goes up aggressively. 

[tradesurfer]

The great alignment is starting to occur.

 

Bitcoin crashing was the missing piece of the puzzle.   

 

One has to ask WHERE the bitcoiners money will go once it EXITS....  back into FIAT ?  or move into metals....

 

Me thinks metals....

[K Wave]

Bitcoin all the way back down to 60K.....looks like extremely important pivot now.

 

If bulls fail to hold it, party likely over there....

 

Pretty classic 3 drive top setup...should Bitcoin take out 60K and start crashing....

 

 

 

 

Like I said...pretty classic potential setup....Rutro???
 

 

[dougie]

sentimentL check

silver to gold; check

jr to majors; check

 

timing bands; check

 

but hwere is the volume if thei is a three.

 i for one still see a chance for a sell off after more up

[K Wave]

Weekend multi-timeframe update look at Silver

 

2 hour appears to be the biggie right now....came right up to it, but was not able to punch through on Friday. Any 2 hour close above about $26.70 would have a reasonble chance of sealing in an IT bull victory.

 

 

4 hour has been reclaimed by bulls, but they now need any correction to be shallow, and turn the 200 back to the upside while still above the 900....

 

 

Ideally, bulls will be able to hold any pull back to the hourly 900 now that they have reclaimed it...

This might be the most likely scenario...pull back to test the hourly and then take another crack at the 2 hour and finally break though in an explosive way..

 

 

In no event should bulls allow the now turning up 30 min to be taken out, or that could be a sign of big time failure...

 

Edited by K Wave, 18 April 2021 - 03:18 PM.

[K Wave]

In the event that Silver bulls cannot get the job done next week, the abyss air gap for a full back test of the big breakout around $19 is still a possibility....

 

Silver breaching $25 next week sometime would be first hint this possibility could become a probability...

 

Bottom line...until the bulls take out the Island In The Sky from the beginning of Feb, this could still turn bearish at any time.

 

Breaching $28 upside again would likely mean the Island In the Sky would get indeed taken out...and once that happens, there should be no stopping the advance....

 

 

 

[dougie]

Weekend multi-timeframe update look at Silver

 

2 hour appears to be the biggie right now....came right up to it, but was not able to punch through on Friday. Any 2 hour close above about $26.70 would have a reasonble chance of sealing in an IT bull victory.

 

 

4 hour has been reclaimed by bulls, but they now need any correction to be shallow, and turn the 200 back to the upside while still above the 900....

 

 

Ideally, bulls will be able to hold any pull back to the hourly 900 now that they have reclaimed it...

This might be the most likely scenario...pull back to test the hourly and then take another crack at the 2 hour and finally break though in an explosive way..

 

 

In no event should bulls allow the now turning up 30 min to be taken out, or that could be a sign of big time failure...

 

nice charts K wave

[gannman]

on gdx this move since mar 30 could be 5 waves up not sure if so we pullback in a wave ii

[tradesurfer]

The computer algo's must be going crazy right now.  US dollar closing below the 50 DMA and Silver moving above and maybe close above the 50DMA.

 

Could trigger a wave of new capital.

[JGUITARSLIM]

Taking little more GDX off table here pre-market ...
Anticipating potential correction soon

Edited by JGUITARSLIM, 19 April 2021 - 06:43 AM.