The Index has reached the destination zone - end of wave 5 is possible on this level.
DAX is near the support (fib retracement 78,6%) if this can´t hold, the index risks to fall on the lower limit of the parallel trend channel (short red arrow). This corresponds with the actual trends of the identicators RSI and MACD, which also tend downwards.
With this (little)...
Dear followers, I´ve made an interesting analysis just for information.
In the last 3 1/2 years one can see three negative divergences (marked with red rectangles). They´ve been significant and even in a longer time-period I couldn´t find a contradictionary example. So, if RSI and MACD are falling back, while the Goldprice (in USD) rises, the reaction has been...
XRP made a harmful correction move from june 26 to july 02. This move has been absolutely parallel to that of BTC or ETH.
But even if there are some correlations between those coins, there are on the other hand big differences.
Ripple did a fast rally to the top of a new corridor - which I could draw, when XRP made a second attempt to break the top line.
For explanation of my idea, see also my last analysis of Bitcoin. The correlation between the two coins (tokens) are very high actually.
ETH within parallel trend channel - on the lower limit
swinging around fib retracements - taken from last rally and shifting it to the ending point of correction
RSI has been in negative trend since may 16 - but ETH...
The last correction hasn´t been surprising.
Comparing the trend of RSI with the trend of BTC we can consider a negative divergence. At the end only two possibilities remain:
whether RSI has to make a jump up or BTC has to drop
In this situation taking some benefits isn´t a bad idea.
I think BTC has dropped to close this divergence and is now neutral to RSI.
61% - this has been the difference before the last short rally has begun and its high.
25% - has been the loss in the following. 32% - the next rally, 19% the next losses.
The amplitude is getting tighter.
Taking a fib retracement from the first rally (may 10 to may 16) and shifting it to the end of the correction (may 17) one can clearly assert, that the turning...
Exciting times, will BTC break out of the trend channel to climb to new highs - or will it rebound on the upper limit and fall back into the channel?
Actually the signals are bullish. RSI in bullish terrain, almost overbought. MACD had triggered signal line 2 days ago. And BTC about to leave the trend channel to reach new highs.
To be honest, I `ve been...
For sure, when Gold broke the ascending trend line (jan - today) and the support couldn´t stop the price, I thought Gold would be falling deeper.
But now one can analyse these last movements as false breakouts to the bottom (bear trap).
Instead of continuing the drop, the Goldprice turned and has begun to rise.
The support (rectangle) has been tested several...
Since june 2008 the Euro has losen its strength vs USD. Till may 2014 it has formed the pattern "3 descending peaks" with the following deep fall to the lower limit of the big parallel channel (red), after it had broken the neckline.
The next recovering had been very weak and didn´t reach the upper limit of the mentioned channel.
Since january 2018 the Euro has...
SP500 reached an important zone. Whether it breaks through the resistance (old ATH at 2939) and with this causing that my EW-theory is false - or it rebounds within the red zone and enters the new corrective wave C.
Fundamentally the US-american economy seems to be strong enough, but on the other hand one has to expect a tightening money policy. Much of the...
After having passed 12.000 points, the german DAX (with dividends) is now approaching the next resistance at ~ 12.530 points, a fib retracement 78.6%.
In this area one can expect a correction - entering wave 4, after the final rise to wave 5, which shall have a maximum lower than the older ATH.
If my analysis is right, consisting out of fib retracement + EW-Waves,...
Goldprice (in $) has touched the upper limit of the wedge, then testing three times the lower limit.
One can see that in RSI has made the same movement.
As Gold is on the support-level, and this support seems to be strong, I think it is more probable that the next move will go up again.
Within the actual ascending triangle, gold is in the second half and...
It has taken a long time till XRP left the negative trend channel (red) to the side. A new, smaller channel (green) has been formed and is now to be taken in consideration. This new channel has been tested twice on the upper side and also twice on the lower side.
While XRP coin rose up, the RSI indicator didn´t change a lot and even lost some points, heading now...
After having left the long negative trend by crossing the falling trend line the BTC-coin rised up to the next swing trend line (5457$).
The height of the rise corresponds with the spread of the triangle in which BTC has been captured since nov 29.
RSI has made a jump as well and is now in the overbought zone. Looking back one can consider that every time BTC had...
The Ripplecoin XRP hasn´t left the wedge. It has tested both limits several times, so this wedge can be considered as strong technical pattern.
But playing on time must end and the investors have to take a decision. Whether it´ll be long or short.
Bitcoin and Ethereum are in similar situations. And the correlation between those coins is higher than 50%. Who will...
Please take this analysis not too serious - but take in mind nevertheless.
As the most of the cryptocurrencies Ethereum has had a really bad time since beginning 2018. It has lost 94% from the high to the low. The lowest price on bitfinex was 82$. Todays price is at 134$.
Fundamentally it doesn´t look too bad for the token, the last hardfork (constantinople) has...
This is the situation as I see it.
The Bitcoin got stucked within a triangle, tested the upper and the lower side.
It´s now in the 50%-zone of the wedge and statistically a breakout (whether to the top or the bottom) appears between the 50% and the 75% of the longitude of the mentioned wedge.
Temporarily Bitcoin is weak, perhaps it´ll test the support another...
Goldprice has reached the upper limit of the wedge and rebounded.
With the correction it also left the narrow trend channel, reentering the preceding trendchannel.
The next support will be a swing trend line at about 1.279$ and then, stronger than the swing trend line, a double fib retracement: 23.6% (fib from September 2011) and 61.8% (fib from June 2015). Both...