I've reviewed my wave count in order to be aligned with bitcoin. We are finishing wave 2 (the same bitcoin). Eth can improve ratio against BTC due to EOS.D and ETHBTC are finisihing the correction too. So let's see very soon.....
I't retracing now in wave (ii). The objective for wave V is 6 ciphres. I'd adjust the target after wave two is completed. The red lines are extensión of wave I from the end of wave II, marking possible levels for wave V
We are finishing the correction from the beginning. Signs that indicate a bottom has been reached:
- two red lines must be crossed upwards
- find 5 waves up in this first wave one crossing the two red lines
I'll update it
xau and gdx might explode in the following years, multiplying by almost 5 their current prices
If gold accompanies, we will see some incredible years in xau and gdx
We will see in it is able to break out the descendant trendline that it has touched till 6 times, may be this is the definitive......
If Gold goes a bit up, the break out in XAU (and of course, GDX -silver and gold companies-), might explode in the following years.
The proyection multiplies by almost 5 the current values in gold and silver miners
We'll see in the coming weeks, months