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Ghostsquawk

Litecoin Holds a Narrow Range. Breakout Soon??Litecoin is ranging, maintaining the $190's. It has found support $184, the exact level we identified. Currently we are holding a very narrow range, so watch for a breakout soon either way. We should see continued support at $184, but if not, there is a vacuum zone down to $174. The Kovach OBV has dipped notably, so we need more momentum to come through before we can consider testing higher levels. The next targets are $202, then $209. If we can make a run for highs, then the next target is $217.
BITSTAMP:LTCUSDLong
by quantguy
Ethereum Rallies, Faces ResistanceEthereum is outperforming other cryptos due to exuberance over the next network upgrade. We are currently testing $4258, which is the last level before highs at $4380. If we can break out, the next target is $4450. The Kovach OBV is rather flat, suggesting there is not a lot of momentum to this move, and we may anticipate some ranging at current levels. If so, we expect the price remain confined between $4020 and $4380. If we cannot sustain the $4K handle, then the next level of support is $3861.
BITSTAMP:ETHUSDLong
by quantguy
Stocks Rally for Fourth Day StraightStocks have rallied for the fourth day in a row. They have gained strength off earnings and the potential of the Fed keeping interest rates unchanged. We are seeing some resistance at all time highs as identified by two red triangles on the KRI. The next target is 4632, but we are likely to see a pullback first. The Kovach OBV is still very strong, but at this point we are looking very over bought. The levels 4580, 4564, and 4545 may all be levels to consider buying back on a possible dip. A healthy correction could take us to 4521.
FX:SPX500Long
by quantguy
Bitcoin Finds Strong Support at $60KBitcoin has retraced since achieving all time highs, but is still holding on to the $60K handle. We are seeing good support from $60K confirmed by several green triangles on the KRI. This appears to be a corrective impulse to the overall bull trend, and we expect support to hold, and for Bitcoin to establish value in the $60K's before another push higher. If not, we have a cluster of levels in the $50K's to provide further support including $59.4K, $57.7K and $56.8K. We will need to break highs again at $66.3K or so before we can consider our next price target at $68.6K
BITSTAMP:BTCUSDLong
by quantguy
Litecoin Retraces, Still Looking StrongLitecoin has dipped sharply from $209, falling below the $200 handle to support at $195. This is a level we have called out many times and one as to which we have alerted you yesterday. We do appear to be consolidating between $195 and $202 at the moment. The Kovach OBV was strong, but has leveled off. The chart still looks strong overall, and a technical retracement is to be expected. If we dip further, $191 will provide support then $184. If we break out again, we must clear $202, then $209, before we consider our target of $217 again.
BITSTAMP:LTCUSDLong
by quantguy
Dragon Head Pattern Forming in Ethereum!!Ethereum broke out to make highs at $4380, but faced a sharp retracement, dipping as low as $4K, before equilibrating in the $4100 handle. We appear to be seeing a dragon head pattern forming here, and are in the consolidation phase. This chart, as well as the entire crypto market, still appears to be bullish. If we do break out, then we will find resistance at $4258. If we are able to break through this then the next target is $4450. If not, we will find further support at $3861, but then there is a vacuum zone below that to $3646.
BITSTAMP:ETHUSDLong
by quantguy
Bitcoin Retraces, Still Looking Bullish 📈🤑Bitcoin has faced resistance after making all time highs. We saw a dip down from $66K to support at $61K-$62K. These were the exact levels we identified yesterday. This dip is but a small hiccup in comparison to what we've seen in the past. If the selloff continues, we should find support at $59.4K or $57.7K. The Kovach OBV has dipped with the correction, but is starting to turn bullish again, so watch for support at current levels to hold. We are seeing a green triangle at $61K from the KRI, and some consolidation here.
BITSTAMP:BTCUSDLong
by quantguy
Stocks Climb Despite Hawkish Fed and Tech EarningsPoor tech earnings (especially from Intel) and Hawkish comments from Fed's Bostic were not enough to faze stocks. The S&P is still gunning for highs. It has leveled off at 4550. Our next target is at 4564, which could be within reach if we see another move higher. We are looking a bit overweight at the moment, and a technical correction is due. If so, watch for support at 4521 and 4504. The Kovach OBV is extremely strong, so there is no denying the bull trend.
FX:SPX500Long
by quantguy
Will Bitcoin Make New Highs Again??As predicted yesterday, bitcoin broke out to make new highs. There is strong optimism off of this new Bitcoin ETF, which has bled into the entire crypto market. At this point, Bitcoin has retraced just a bit, finding support at the next level down, $64.3K. The Kovach OBV is strong but has tapered. At this point a technical retracement is due, which could take us to lower levels in the $60K handle. If these don't hold, $59.4K and $57.7K should hold. The bull trend is very strong, however, so we could see new highs again today. If so, our next target is $68.6K.
BITSTAMP:BTCUSDLong
by quantguy
Stocks Still Strong!!Stocks have pressed higher, but are currently rounding off. We tested 4545, the level we mentioned yesterday, but were unable to break through at the moment. A red triangle on the KRI denotes the resistance. We have since consolidated in a very narrow range between this level and 4521. We are getting strong support here, confirmed by three green triangles on the KRI. The Kovach OBV is still strong, but with this strong rally comes the risk of a technical retracement. If so, we should have further support at 4487 or 4462. If we see another breakout, 4564 is the next level, then we can consider new highs.
FX:SPX500Long
by quantguy
Litecoin Soon to Breakout??Bitcoin is gunning for new highs, but Litecoin does not seem convinced. It is currently consolidating just above our level at $184. There is a bullish divergence in the Kovach OBV so watch for a breakout soon. If so, we must clear $191 to make new relative highs. The next target after that is $195, the last level in the $100 handle. We will find support at $184, but after that there is a vacuum zone to $174, which should be considered a min lower bound for now.
BITSTAMP:LTCUSDLong
by quantguy
3
Ethereum Breakout Soon??Ethereum is consolidating into what is appearing to be a bull flag pattern. We are finding support at $3646, making a few tests of this lower level. Green triangles on the KRI are confirming support. We are seeing a great deal of resistance at $3861, however, and are currently seeing a red triangle on the KRI just below this level. We will need a good burst of momentum to break through this level. After that, the next target is $3861, the last level of the $3K handle. Our next target after that is $4020. The Kovach OBV has slumped, so we must wait for more momentum before we can test these higher levels.
BITSTAMP:ETHUSDLong
by quantguy
New Highs Bitcoin??Bitcoin has inched higher, topping its previous high, but just barely. We are definitely struggling with $62.4K. There is still a great deal of excitement and exuberance in the crypto market over the new US ETF backed by Bitcoin futures. If the bull run continues, the next target is $64.3K. This is the last level before we can test all time highs again around $65K. The chart is starting to look a bit top heavy, so beware of a correction before we can test highs. If so, we should see support at $59.4K, or $57.7K.
BITSTAMP:BTCUSD
by quantguy
2
Stocks Rise Ahead of Key EarningsStocks have risen higher despite tapering and inflation worries. We have risen past the 4400 handle and have broken into the 4500 handle, but just barely. We have some key earnings today, so keep an eye on the news to determine if this rally will continue. We are starting to see some red triangles on the KRI suggesting that stocks may be facing some resistance. If so, watch for 4462 then 4400 to provide support. From above, 4521 is the next target. The Kovach OBV is pretty strong, suggesting stocks have returned to bull mode, if but for the moment.
FX:SPX500Long
by quantguy