DXY, EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CAD
GENERAL ELECTRIC COMPANY, ISHARES MSCI EMERGING INDEX FUND, SPDR S&P 500, ADVANCED MICRO DEVICES, INC., SPDR SELECT SECTOR FUND - FINANCIAL, PROGREEN US, INC.
S&P 500, Nasdaq Composite, Dow 30, Nikkei 225, DAX Index, FTSE 100
Gold, Silver, Crude Oil, Natural Gas, Corn, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
It has taken a long time and my patience had been nearly at its end. But now it has happened: the final corrective wave is taking part. And it shall lead the Bitcoin to prices between the ascending long trend (broken line) and the last support at fib retracement 0 - I marked the zone as circle.
We´re now on a price-level which Bitcoin had left in november 2017 ...
The last time when I made a negative analysis for IOTA a lot of people claimed, that it would be false. IOTA never will fall as deep as I had mentioned (0.34$).
And, yes, temporarily I thought they could be right and my analysis had been too negative for this token.
But meanwhile the token had left its consolidation path, entered a new negative trend channel ...
The EURO is showing weakness against the USD.
Actually it is heading to the sloping neckline of the underlying S-H-S formation.
As the RSI is already deep a little consolidation is possible before the next drop could break the neckline.
This could lead the EURO to prices around 1.08 USD.
EURO in the longer run is still in the declining parallel channel, which it ...
As one can see Bitcoin has been captured within a rectangle since september 2018. And even before this rectangle had been either support or resistance.
For which reason BTC didn´t manage to break out of this pattern for 2 months - I don´t know. Even the crash at the stock markets couldn´t give support to BTC.
In the long ...
the first alarming sign has been the short dip in the beginning of the year. With this correction the dynamic in the trend has been broken.
In the following the index managed to rise to higher levels, even forming new ATH´s - but with less dynamic. The RSI signalled soon enough that there is a divergence between the price of stock index and the strength within.
The german stock index DAX30 has seen its ATH in january 2018 - this marked also the final point of the motive wave 5.
Then it entered a corrective wave a - b - c.
A chart pattern opened (triangle), with the upper limit descending and the lower limit horizontal - this is very often a bearish sign and it confirmend the waves from b to c.
Near the peak of this ...
Due to the correction at the stock markets the precious metals managed to break out of their long negative trend.
In a fast rush Gold broke up to the top, leaving the trend channel.
There is some consolidation above the swing-trend line at ~1215$. But the trend is clearly positive, what is been confirmed by the RSI - which has showed a positive trend since june ...
As I´ve predicted the german index DAX has fallen out of the wedge to the bottom.
With this movement the chart pattern Shoulder - Head - Shoulder - has been completed.
In a first attempt it has fallen on the neckline, which has considerably been a support. But in a second attempt it has broken this support and also the fib retracement 61.8%.
This trend has been ...
BTC is captured within several, overlapping chart patterns.
1) a big wedge, beginning in jan 2018 and having its peak in nov 2018
2) rectangle, has been support in the early months of the year 2018, and is now a swing trend zone
3) ascending trend line - actually a support line
EW: I´ve drawn a possible EW-movement within the wedge. In this case we would be in ...
Silver has broken out of the negative trend channel - as Gold has it done before.
One big candle out of the channel!
The ascending wedge is showin the potential: up to 14.884$ - where a swing trend line is waiting for resistance.
To confirm a new bullish trend Silver has to break it and then it has also to break the long descending trend line, coming from ...
Due to the decision of the FED to rise the interest rates the price of Gold fell. This decision has been expected but nevertheless it has had an impact on the price - just at the moment as it seemed to look better for Gold.
Unfortunately the price has broken the long resistance / support trend line; very important for the future development (blue line). This is ...
ETH has been very weak in the last time. Only in the last 10 days ETH has seen some strength.
This opens the possibility for a positive chart pattern: inverse shoulder - head - shoulder.
For this the price has to continue the rise into the trend channel up to approx 280$ (resistance coming from fib retracement 0 / upper limit of trend channel).
If so, we can ...
Due to the news that xRapid will start sooner than expected, the price of Ripple has seen a short and fast rally. xRapid is an answer to the old standard SWIFT and shall make transactions faster. 10 banks are already testing this service of Ripple Labs.
In comparison to xCurrent the new service uses Ripple Tokens for the transactions.
This has been the reason for ...
Following the negative trend in Gold the HUI index has lost 27% within 2 months approx.
It has left the negative trend channel to the bottom, forming a new and tighter trend channel (red). But also this pattern has been broken.
And now the index has entered a diamond pattern, which is a reversal pattern.
As Gold and ...
Silver has had an incredible loss from 17,20$ to 14,00$ (-18%) within 3 months.
Precious metals often are weak in the summer months, but this loss has been unexpected.
As we can see in the chart, it has broken several chart patterns:
3 descending peaks - and the neckline
a big negative triangle - it crossed the bottom line (fib retracement 23.6%)
the long term ...
It seems that the downtrend of Gold has found its end.
First, Gold left the negative trend channel (red) to the side. And it has stayed outside since.
Second, RSI is rising with some volatility.
Third, MACD is rising and trigger is about signal.
Actually the bears and bulls are fighting around the long desending trend ...
Several technical chart patterns have given warning signs:
a) 3 descending peaks; the price has broken the neckline!
b) a negative wedge (yellow); the price has broken the lower limit.
c) the long descending trend line has been broken to the bottom.
d) the resistance on 15,50$ (fib retracement 23.6%) has been broken
Also the indicators show a weakening condition ...
The last time when Gold tried to leave the negative trend channel it failed to break the very strong and multiple resistance:
+ falling trend line (1206$)
+ upper limit of trend channel (1214$)
+ swing trend line (1215$)
But it has crossed the negative trend line in RSI and it has stayed above until today.
The actual offensive could have more chances, because ...