Luettis

Luettis

With the last dump under several important supports, the DAX has definitely left its positive trend. The next support - level is on ~10.600, where we find a fib retracement (38.2%). This could also be the ending of the actual corrective wave -C-. In this case we shall see some recover - but I don´t expect it to be very strong. Meanwhile the support on ~10.600 has...

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After losing approx 200$ from the last high and rebounding on the long ascending trend line, Gold entered and formed a new ascending parallel channel. This channel has been tested on the upper and on the lower side, confirming the limits. In the following Gold re-broke the descending trend line, which was important for the further evolution. The next strong...

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As BTC the ETH-token finished the long corrective wave -C-, but I didn´expect it to go so deep as it happened. Taking the opening of the last triangle and copying it to the outbreak I should have been warned - because it´s exactly the same difference. Sometimes one don´t want to trust the own analysis - this has been the case in my situation. So, sorry for...

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In my last analysis I expected a last breakout to the bottom - and it took very long to happen. But finally it did. What reason can be found for that vast reaction? Technically we can claim the big wedge, with a falling upper limit in combination with the EW-correction wave -C- as possible reason for the breakout. Also the Relative Strength Indicator showed...

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Since jun 2008 the european currency has weaken against the USD. From its high at approx 1.60$ it has fallen to 1,03$ and stays now on 1.14$. The movements happened within a big parallel channel whereas the upper and lower limit have been tested. From 2008 to 2014 the upper limit has been touched three times - (3 descending peaks). The valley between the second...

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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...

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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...

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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...

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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...

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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 run BTC is still in bearish mode....

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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...

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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. I...

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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...

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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...

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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...

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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...

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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...

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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...