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Ghostsquawk

Stocks Hit Our Profit Target!! 🥳Stocks have finally hit our profit target at 4462. This was a long time in the making and we've identified this as a profit target last month. The path to get there certainly was not quick, as the S&P has gradually drifted to this target, in contrast to the emphatic breakout we expected. We should see some resistance at this level, so some ranging is anticipated. From below, 4431 will provide support. The Kovach OBV is still very bullish so the run could still have legs.
FX:SPX500Long
by quantguy
1
Ethereum Corrects SlightlyEthereum has retraced a bit from $3200, stalling our expectation for a breakout. We have adjusted the lower bound of our bull wedge pattern to reflect this dip. We should find support at current levels but if not, we have the psychological $3K level or $2965. Be careful because there is a vacuum zone down to the mid $2K handle at $2651. If we are able to breakout, we will hit our target of $3473, and solidly establish the mid $3K handle. The Kovach OBV is strong but has bent sharply to reflect the selloff
BITSTAMP:ETHUSDLong
by quantguy
Profit Target Reached in Litecoin!!Unlike other cryptos which are forming consolidation patterns and getting ready to breakout, Litecoin already has broken out and hit our profit target from yesterday at $174. We appear to be stabilizing in price, and $169 appears to be providing support. Watch out because there is a vacuum zone below back to $158. We will have further support from $147, if needed. Our next target is $184. The Kovach OBV was once strong but now appears to be starting to taper, so watch for a potential correction.
BITSTAMP:LTCUSDLong
by quantguy
Ethereum Ready for a Breakout??Ethereum continues its bull wedge consolidation pattern we identified yesterday. We are extremely bullish of Ethereum and it looks like it is gearing up for another breakout to the next profit target at $3473. The Kovach OBV is extremely bullish, and we keep encroaching upon the upper bound of our bull wedge at $3200. In fact, we have broken through it. The price at the time of this writing is $3227, but we are not seeing the momentum follow through to justify calling this a 'breakout' just yet. Hopefully we will see more follow through closer to open. If not, we have a vacuum zone below to $2965 then $2651.
BITSTAMP:ETHUSDLong
by quantguy
Litecoin Establishing ValueLitecoin has shown considerable momentum, more so than most other cryptos at the moment. We have broken through $158, and even tested $169. Although we seem to have rejected $169, it does seem that LTC is establishing value between $158 and $169, so this should be a good sign to LTC bulls. If it was not comfortable with these higher prices it would have swiftly returned to comfort in the low $100's. Anticipate a bull consolidation pattern before LTC breaks out to $174.
BITSTAMP:LTCUSDLong
by quantguy
1
Bitcoin to $50K??Bitcoin is consolidating in a cluster of our levels between $45-46K. This is a strong sign for the once belabored coin, which could barely cope with $34K a few weeks back. Typically, BTC swiftly rejects prices if it cannot sustain them. Our next level is $48.2K, and there is one more level at $49.7K before we are able to contend with the psychologically significant $50K level. The Kovach OBV is still very strong, but has tapered slightly as BTC establishes value at current levels.
BITSTAMP:BTCUSDLong
by quantguy
New Relative Highs for Bitcon!!Bitcoin has made new relative highs again over the weekend. We $45K as the next major target and test of BTC strength. We smashed through resistance in the $41K's and are currently contending with $45K. We saw some resistance here followed by a swift buy-back that we are witnessing at the moment. Anticipate BTC to form value in this area before gearing up for another breakout. There is a cluster of levels in the $45-$46K handle immediately above, but otherwise there is a vacuum zone to $48.2K
BITSTAMP:BTCUSDLong
by quantguy
1
Bitcoin Tests Higher Levels!!!Bitcoin has seen solid support from $37.7K. We anticipated weakness and a potential breakdown but it looks like momentum from the London Hard Fork news in ethereum has bled into Bitcoin. Typically Bitcoin leads Eth, but it seems the tables have turned this time. We have seen a dramatic rise in the Kovach OBV, which has tapered very recently as BTC appears to be establishing value between $40K and $40.8K. This is a very narrow range between two technical levels. Bitcoin will not hold this forever and we can expect a move either way. To keep the bull momentum going, we must first break $41.9K. This seems to be the barrier to higher levels in the $40K's. If we can't break through then $37.7K should provide support for now
BITSTAMP:BTCUSDLong
by quantguy
2