Northstar69

Northstar69

Since posting that bearish Btcoin chart back in May, price has fallen 50% or so. It now looks as if arc #4 could be underway. It'll be interesting to see what happens in the $18k-$20k region. If arc #3 (large version) is in play, we'll turn up, if arc #4 is in control, we'll drift pretty much sideways until the second half of next year, before turning up. That red...

Northstar69

The large arc has kept price contained for over 3 years and appears destined to guide BTC higher. However there are bearish forces at work (some see a head and shoulders pattern, and Wyckoff theory may point to lower prices ahead). The smaller inverted arc has guided us beautifully to where we are now. There is a bullish descending wedge in there as well (dotted...

Northstar69

Using the arc to monitor progress in the years ahead

Northstar69

This arc is expected to contain the ratio and guide it up to my target zone by 2028

Northstar69

After a perfect backtest, ETH looks ready to move higher...

Northstar69

It's all in the chart...

Northstar69

Well, the arc says up from here...

Northstar69

Here's my forecast for GDXJ

Northstar69

Just using TFuel as an example of symmetrical triangle, breakout, apex backtest and the idea of a support 'zone' rather than line. Trendlines don't die, they carry n being sgnificant into the future.

Northstar69

A great time to buy ?

Northstar69

Two arcs & two trendlines point the way.

Northstar69

Bullish

Northstar69

Following my silver 'big picture' chart, I thought I'd take another look at gold. It looks like we have a long way to go yet. Plenty of bumps along the way, to throw off the uninitiated investor. That 8 year cycle low remains the focus for my attention though.

Northstar69

Stepping back and looking at the bigger picture for silver, it seems clear we’ve been getting so used to prices sub-$20, it’s coloured our view of the future. As I always say, just listen to what the chart is telling us. This chart is shouting at us through it’s public address system – it’s saying $50-$60 first, then a long (2 years ?) consolidating with a drop of...