Luettis

Luettis

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 also are signalling more strengt, it...

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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...

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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 line. Don´t think that this fight will be...

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ETH / USD had broken out of the wedge to the bottom, making a rush move to the lower limit of the descending trend channel, breaking it, breaking also the support at 281$ (fib retracement 0). On this price-level the bears went away and the bulls returned. Actually we see a fight around the important fib retracement. If the bulls win, ETH will reenter the last...

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In the last few days I sometimes have thought BTC would turn - but it continued its way up. First time it´s been the 7.000$ - line where I expected it to turn. Second time it´s been the swing trend line at ~7290$ where I expected it to turn And now it seems that BTC will even touch the upper limit of the descending parallel channel - perhaps it´ll cross it before...

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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...

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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...

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Bitcoin has broken out of the ascending triangle to the top. Taking the spread at the opening of the triangle the price could go up to approx. 7.200$. At this level the price would hit a swing trend line which is also a resistance. Thinking in EW waves, in this area a turning point B could emerge (green circle). The next move would be downwards, following...

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With leaving the old ATH behind the S&P 500 reached uncharted land. What can be the next aim? 1) Fib retracement: 2) EW - motive waves: 3) chart patterns: - on 2787 we find a swing trend line, also the upper limit of a triangle - this triangle had been broken up to the top in july 18 - measuring the spread at the "mouth" of the triangle and shifting it to...

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The german performance index DAX is technically in a weak condition: 1) S-H-S pattern 2) wedge with the course actually on the lower limit 3) leaving the long ascending trend channel to the bottom 4) rebounded at resistance line (fib retracement 78.6% - 12.614) 5) RSI and MACD clearly with negative tendence If DAX will break out of the triangle what could be the...

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DASH has had a very rush recover from its low at 133$. Taking this point as deepest low in the near past (C) we have entered a new rally. What might be the next movements, according to EW with fib retracement and some swing trend lines? And could it fit with the expected movement in BTC? I´ve drawn the answer into the chart. In my BTC-analysis I expect a...

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The precious metals show very weak signs. Within only approx 8 Weaks the neutral trend changed to a negative trend and several supports haven been broken since then. Even the long descending trend line has been broken so that we´re now in the older downtrend. Silver (in $) has reached a swing trend line at ~14.85$ - this could be seen as support. Also it is on the...

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The negative trend has been continued and Gold (in $) several supports (as it has done Silver). RSI has arrived in oversold zone and is testing the lower limit of a long trend line (in RSI-Chart). MACD also negative and signal line triggered to the bottom. Goldprice is shortly before reaching the fib retracement 38.2% of the last rallye (2016). At 1.184$ is the...

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Since january 28 2018 Ripple has fallen within a trend channel from 1,28$ to 0,25$. The negative trend channel has been tested several times on the upper side and also on the lower limit. Within this trend channel we see a second one, beginning on may 06. This smaller channel led Ripple from the top of the longer trend to the bottom. Has it been the end of the...

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I´ve had a wonderful holiday in France and ignored the messages from cryptomarket and others. But I´ve been horrified by the plummet of prices when I returned! What a mess. The reasons why bitcoin (and the altcoins even more severe) has fallen down on the last low at ~ 5.820$ are in my view speculative. Perhaps smart money whished to squeeze out some weak hands....

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I´ve drawn a speculative possibility: what if the ETH would have a parallel movement as we have had from march to may 2018? This isn´t far away from the possibilities. Taking EW we can draw an ABC-correction with ending on 220. 220 is also a level where ETH has had some fights in 2017. ETH broke out of the wedge - leading the price to the last low at 290$; this...

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The currency pair Euro / USD has formed a S-H-S pattern. The neckline is on fib retracement 78.6% (1,15). This neckline has been broken and this opens a correction to lower prices. First support is at older fib (coming from 2002) 38.2% (1.14) - it is the actual price Second support is ~1.11 (a swing trend line) Third support is at 1.08 (a swing trend line...

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The SPX has left the wedge (dotted) to the top and is heading to test the older ATH at 2872. With this move it has reentered the tighter ascending trend channel which is located within the wider channel, confirming that the trend is at new bullish. This trend is accompanied by high volume. The indicators RSI and MACD also are heading to higher levels and...