Yeah, we’re all hyped up and optimistic about Ethereum – and there is little that speaks against this! However, if we were to throw ourselves blindly into every trade, we’d be gamblers and not investors. With Ethereum, we reached a crucial point. According to our calculations, we expect it to rise further above the all-time high of $1424.30, decline a bit, and...
Usually, we are consciously keeping a back-door open in our analyses, which always feature alternative scenarios, in case of surprises. Not for Bitcoin . Here, we are in a whole new dimension, as there is only one direction for Bitcoin’s price development, namely: UP! We correctly predicted the turnaround in the yellow box, and we are now heading towards new...
After a couple of weeks of decline, the Apple Inc. stock is perfectly positioned to start its comeback and strive for a new all-time high. If the price remains above $125.39, we expect the price to rocket past $137.94 at a probability of 65%. So, an Apple (stock) these days might just keep the (financial) doctor away. However, there is a chance of 35% that we see...
Of course, when pushing your Hellcat down a long and empty road, the last thing you want to have is an unexpected road bump on the way. This is what the Dow Jones had to experience today (metaphorically). Joe Biden’s announcement of a $1.9 Trillion Covid-19 relief package was not welcomed by the Dow, which reacted to the news with a dip. No need to worry, though!...
I repeat, we have NO problem! Although being in a downward movement currently, the curve has entered the designated area in which we expect it to change its direction. Before we only get back $1.20505 for each Euro we invest, the price will, according to our analysis, turn around and further go up beyond $1.23. Previously, our calculated „turnaround zones“ turned...
The financial world was so obsessed with the Bitcoin Rallye of the past weeks that we almost forgot about gold. Saddened by this lack of attention, the gold price took another dip this week. We expect it to further decline past the marks of $1817 and $1767, all the way down to somewhere between $1700 and $1720. In the wake of a currently correcting Bitcoin, the...
aaaand here they are! We are back above the $1000 Mark as the bulls break above $674. Wave 3 in Green extends without further corrections to reach the 300% Extension at $992. We think that wave iii in Orange is completed now, and the ongoing correction might extend towards the $850 area. If this is the case, we plan another long Trade in our yellow trading box....
Ethereum breaks above the critical resistance line at $685, thus confirming wave 3 in green. This leaves us with further upside potential. In wave iii in Orange, we expect prices at around $850. After another short correction, we might see prices touching into the 4 digit area. We went long, as depicted in the chart. We plan further long trades after completing...
The EUR/USD reaches our target zone. Starting at $1.22593, the yellow box has stopped the bull run. In wave iv in green, the EUR/USD has space for further bearish action. The ideal turnaround zone is at around $1.20700. We have highlighted the turnaround area with another yellow box. Important support is at $1.20133. Should the bears break below this support...
Everybody's having fun. Look to the future now. It's only just begun… We couldn't think of better words than Slade did back in '85. The Bitcoin Bulls deliver an early Christmas present and break above the 20k mark. The breakout confirms the bullish pattern as depicted in orange. We think that higher quotations are now inevitable, and prices have room to roam. Next...
Another Elvis classic that the bulls are playing! The outlook remains bullish as long as we stay above the $17629 level. This level is very important to uphold the bullish expectation as depicted in the chart. For a solid confirmation of a breakout, prices should break above the resistance at $19891. The bullish action would indicate another run towards the $25k...
WTI is setting out to new oceans of black gold. The crucial hurdle for the bulls is now the resistance line at $46.68. The bulls need to break above this line to further develop wave in green. In case we fail, there might be a correction on the way. Under $43.92, the bears unlock downwards potential, and lower prices at around $40 might be imminent. For the...
That is precisely what we want to see! When we talk about a so-called 1,2 setup, which is the basis for an impulsive movement, we want to see a structure like in our EUR/USD chart. Wave i and ii in green lay the foundation for the impulsive breakout in wave iii. Ideally, we go long with the beginning of a wave 3. In this case, our entry in the EUR/USD has worked...
The bulls deliver one high after the other. After reaching our wave (iii) in Blue target, the market undergoes the planned correction of wave (iv) in Blue. This correction is promptly followed by another high, and the bulls are just short of propelling Bitcoin to new all-time highs. But just like in the 2017 heydays, the market needs a large corrective wave to...
The SP500 manages to break the 2 important resistance lines at 3550 and 3588 points. The way for higher quotations is now paved and we expect prices to rise to 3800 points. Another imminent hurdle the bulls are facing is however the current all time high at 3674. Still the bulls reamin strong and as long as market stays above 3550, we expect the SP500 to rise....
Since our last update, the bulls manage to break the two important resistance levels at $12067 and $13764. This results in a further escalation to higher quotations. After the market only reached minor correction targets, we entered another long position at around $16000. We expect wave 1 in light blue to continue. The target is around the current all-time highs...
Or do they? In an impulsive wave, the bulls manage to push above the 3550 mark. A major resistance that makes us abandon our primary expectation, as indicated in our last post. This scenario is now our alternative count, which has to be considered with a 42% probability. To further strengthen the upwards move, we need to see a quotation of 3572 and higher, plus a...
After the election results, the Dow jumped to new record highs on Monday, marking its high just shy of the 30k milestone. Our primary expectation is a breach of the 30k mark and a continuation of wave iii in orange. To confirm the outbreak, the Dow must break above the 30k mark. Should the bears send the market on a detour, and the support at 28781 is broken, we...