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Ghostsquawk

Bitcoin StrugglingBitcoin faced another selloff and has found support in the mid $50K's as it did over the weekend with the massive selloff. We have found support just above $52.8K, a level we have alerted you yesterday. We appear to be getting good support here, and there is currently a brief attempt at a rally back to $55.7K. There is a cluster of levels here starting at $52.8K, including $54.3K, $55.7K, $56.8K, and $57.7K. BTC is likely to range between these levels. If it breaks through the upper bound at $57.7K, $59.4K is our next target.
BITSTAMP:BTCUSDLong
by quantguy
1
Stocks Finally Dip!!Stocks retraced to exactly the level we predicted yesterday: 4144. We have been warning that they were starting to get overbought, so hopefully no one got caught in a fomo trade. Although we do seem to be getting a fair amount of support at this level, the rally in stocks has left several vacuum zones below so the downside risk is significant. The more aggressive may consider entering a long position at current levels, however if this level does not hold, we have a vacuum zone down to 4073. Even if we retraced to this level, stocks would be long term bullish. The Kovach OBV is still pretty strong, confirming the trend.
FX:SPX500Long
by quantguy
1
Litecoin Recovery??Litecoin had a massive selloff, after hitting our profit target at $322. It smashed through our prior target at $291, but found support at $250, after wicking as low as $236. We are somewhat in the middle of a vacuum zone at the moment, but $250 should continue to provide support. We will encounter resistance from $291 and $322 again before we can consider new relative highs. The Kovach OBV is still pretty strong, which should provide confirmation that LTC is not entering a longer term bear cycle any time soon.
BITSTAMP:LTCUSDLong
by quantguy
1
Bull Momentum Back for ETH??Ethereum faced a dip with the rest of the crypto market. It has since found nice support at $2025 after dipping as low as $1945. We appear to be 'rounding off' at the moment, which could suggest that the bear run is not over, but its more likely this is just due to resistance just above our level at $2232. We will have support at $2143 or $2025. Targets from above include $2400, then highs at $2556 or so. The Kovach OBV is still very strong for Ethereum which should give bulls some confidence.
BITSTAMP:ETHUSDLong
by quantguy
Massive Selloff in Bitcoin!! When to buy back??Bitcoin has suffered a massive selloff over the weekend, following a Twitter rumour that the US Treasury was considering a money laundering crackdown on cryptos. We plunged as low as $51.5K before equilibrating and BTC was swiftly bought back to support in the $55K range. A level which once provided support at $57.7K now appears to be offering some resistance. The Kovach OBV has registered the tremendous bear momentum, but has picked up significantly with the buy back. We are seeing it turn slightly which may suggest another selloff is near, or at least that BTC will maintain current levels for a bit to feel out the new price range. Long term, this selloff is transient and we should be back to bull mode within the week at latest.
BITSTAMP:BTCUSDLong
by quantguy
Next Target for LitecoinLitecoin has met resistance at $292, our price target. It has dipped slightly since, but not to the extent of the other cryptos, surprisingly. We are roughly in the middle of a vacuum zone down to $251. This level will surely provide support, though it looks like we are finding support at current levels, which seem to be somewhat of a point of control from April 14th. If we can see more bull momentum and can solidly break $292, our next target is $322.
BITSTAMP:LTCUSDLong
by quantguy
Buying Opportunity in ETH??Ethereum has rejected $2550 and has sharply retraced. This should be considered a buying opportunity, but we have broken support at $2400 already. There is quite a vast vacuum zone down to $2232, and the vacuum zone created by Ethereum's rally has not really left us much support in between. If current levels do not hold, we could see further retracement to this support level. Nevertheless we appear to be in a corrective Elliott Wave segment, and once we find support, we should see another wave of buying. The Kovach OBV has dipped but it is nowhere near bearish yet.
BITSTAMP:ETHUSDLong
by quantguy
Nice Dip in Bitcoin!!Bitcoin has given us a nice dip, after reaching $64.3K. It is perfectly reasonable for BTC to take a break after such an ascent. We are currently in the middle of a vacuum zone between $59.4K and $61.6K. The Kovach OBV has rounded off confirming the selloff. We should see nice support at current levels, which appear to be the top of a congestion zone from April 11th or so. It is doubtful we will break the $60K's but if this does not hold, we will see support from $59.4K, then $57.7K.
BITSTAMP:BTCUSDLong
by quantguy
Ethereum's Next Profit TargetsEthereum has gained significantly, smashing our profit target. It has not shown the same retracement as Bitcoin. The Kovach OBV is registering a lot of momentum here, so this could indicate that we are oversold at the moment. We could see a retracement back to lower levels at $2232 or $2143. However this should be thought of as a buying opportunity if we do. Our next profit targets for ETH are somewhat ambitious: $2556 and $2651. It is likely to pause for air, but if the bull momentum continues it could reach these levels by next week.
BITSTAMP:ETHUSDLong
by quantguy
2
Next Profit Target For Bitcoin!!Bitcoin hit our target at $64.3K and has retraced to the level below at $61.6K. We have made you aware of this support level for some time and it may be a good time to add to your BTC. The Kovach OBV is still strong, suggesting this dip may be transient, likely due to profit taking. If we dip further, expect support at $59.4K or even $57.7K. We are still bullish of cryptos and BTC is within reach of our next profit target of $66.3K, a Fibonacci extension.
BITSTAMP:BTCUSDLong
by quantguy
Stocks Still Clinging to Highs!Stocks remain at highs after a brief dip. The extent of the dip seems paltry compared to that of the rally. The open will determine where we will go from here. If we don't see much momentum, we can expect a dip or further ranging at current levels. If we do see momentum we could easily reach our next profit target of 4188. A retracement could take us all the back to 4073, so exercise caution. We are still waiting for a better dip to buy, since now the S&P seems so overbought that entering a trade now would be FOMO.
FX:SPX500Long
by quantguy
Litecoin Just Under Profit Target!!Litecoin has met resistance just under our profit target of $291. While it looks like we may have been a bit ambitious with our profit target for the moment, we've been buying LTC on dips since $185, so we're still well in profit. We have a red triangle on the Kovach Reversals Indicator, confirming the resistance. The Kovach OBV is still very strong and may be encroaching into overbought territory. So a retracement or at least a sideways correction/consolidation are in order. Anticipate support at $251, though this should be considered a min lower bound for now.
BITSTAMP:LTCUSDLong
by quantguy
Resistance for ETH at HighsEthereum has blasted through the $2000's finally finding resistance at $2400, a psychological level and Fibonacci level. It is looking quite overbought right now, so jumping into a long would definitely be FOMO. A red triangle on the Kovach Reversals Indicator confirms the resistance. The Kovach OBV is very strong right now, but appears to be in overbought territory as well. The level $2232 should provide support. We anticipate a further correction or at least some sideways trading before ETH can push higher.
BITSTAMP:ETHUSDLong
by quantguy
Stocks Hit our Profit Target!!Stocks hit our profit target! We set a profit target for the S&P 500 weeks ago at 4144, a Fibonacci extension level. Currently, stocks are right at this level. It seems reasonable to anticipate some profit taking here. A dip in stocks is imminent, but there is no denying the bull trend and this should be considered a buying opportunity. The Kovach OBV is still very strong. A dip could easily take us to support at 4073. If we don't see a dip, we should at least anticipate some sideways correction. The next target, which is also a Fibonacci Extension level, is 4188. This seems well within reach.
FX:SPX500Long
by quantguy
The S&P 500 is Near our Profit Target!!Stocks have continued their ascent, and the S&P is just below our target of 4144. We should see resistance here but there is no denying that overall stocks are in bull mode. We have not seen a reasonable pull back since March. We are due for one, or at least a sideways correction at highs. There is a vacuum zone down to 4073, which seems unlikely at this point, but stocks are very good at punishing the exuberant. The Kovach OBV is still very strong, but its starting to look overbought.
FX:SPX500Long
by quantguy
1
Litecoin Refuses to Back Down!!Litecoin bulls can rejoice because LTC has refused to breakdown from our head and shoulders pattern. In fact, we have trekked upward to meet a significant level and former high at $227. We are likely to see some resistance here, so we might not be out of the woods yet. Sometimes it may take the second shoulder a bit to form. If we can break $227 solidly this is less likely. But we won't be truly out of the woods until we break the head level at $242 or so. Keep an eye on the neckline at $217. The Kovach OBV is very strong which is giving us some confidence in LTC
BITSTAMP:LTCUSDLong
by quantguy
3