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Ghostsquawk

Bitcoin ETF Coming!! New Highs Soon??Bitcoin continues to press higher, fueled by news of a Bitcoin ETF finally launching in the US. We have held strong under $62.4K, which we have added as a new technical level after $61.6K. We are but one technical level ($64.3K) away from all time highs at $64.8K. There does not seem to be much in the way between current prices and all time highs, but watch for a retracement after the ETF is released, or potentially before. The Kovach OBV has cooled off quite a bit, so we can anticipate some ranging before the next push higher.
BITSTAMP:BTCUSD
by quantguy
Stocks Rally but Can they Sustain??Stocks have rallied to the mid 4400's, despite persistent inflation fears and a more hawkish stance from the Fed. We have topped off at around 4462. We came just a few ticks before the next level at 4487, before retracing. Currently, we are holding just above 4440. Two green triangles on the KRI suggest support here. The risk sentiment in the markets is mixed, and neutral at best, so it is likely that stocks will range today, assuming we do not see something change toward the open. The S&P is looking a bit top heavy, so there is more downside risk. If we retrace further, there is a cluster of levels below to provide support but 4408 seems likely to hold as a min lower bound for now.
FX:SPX500
by quantguy
Stocks Drift UpwardsThe S&P 500 has drifted upwards, and is currently testing 4389. At the time of this writing it has barely broken through, hovering in the 4390's. The next target will be 4408. If we can muster the strength to hit that, then 4440 is the next target, a relative high before a vacuum zone to 4462, but we have several levels before 4440, so watch for some resistance before that, unless we get some serious momentum at open. If not, we could retrace back to 4327. The Kovach OBV has started to inch upwards, but the momentum appears weak, so the risk is more to the downside.
FX:SPX500
by quantguy
Ethereum to $4K??Ethereum is testing the upper bound of the range at $3646. We are seeing a red triangle on this level suggesting we may feel some resistance. The Kovach OBV is very strong, so we may anticipate a breakout. Ethereum has held this range for more than a week, and the longer volatility has consolidated, the more likely a breakout is. If so, the next target is $3861, the last level before $4K. If we retrace, there are several levels of support in the current range, but worst case we should find support at the bottom of the range at $3324.
BITSTAMP:ETHUSDLong
by quantguy
1
Bitcoin to $60K??Bitcoin has regained highs, inching past $57.8K before a brief retracement to support at that level. The difference between new relative highs is getting smaller, suggesting that we may be due for a retracement soon. If so, then there is a cluster of levels likely to provide support, starting at $54.3K. But $52.8K, and $50.8K are likely to hold after that. If Bitcoin has more strength, the next level is $59.4K, the last level before $60K. The Kovach OBV is solidly bullish, so the trend is definitely strong.
BITSTAMP:BTCUSDLong
by quantguy
Ethereum Slips, but has Strong SupportEthereum has slipped past $3473 to find support at $3416, which we have identified as a new technical level. We are finding strong support here as confirmed by several green triangles on the KRI. If crypto's find renewed momentum, we could see another push back up to the range we had held between $3473 and $3646. Watch out because we do appear to be forming a bear wedge pattern, and there is a vacuum zone below to $3324. The Kovach OBV is strong, suggesting a bull divergence.
BITSTAMP:ETHUSDLong
by quantguy
Bitcoin Slips, Finds SupportBitcoin has slipped from relative highs at $57K, to test $55K. We are seeing support here from a green triangle on the KRI, and several green triangles before that, suggesting weakness in the bear bias of this retracement. We anticipate Bitcoin to hold support at $55K and potentially range further between this level and $57K. However, if we do break down, $52.8K and $50.8K are the next levels of support to the downside. We don't anticipate Bitcoin to give up the $50K handle any time soon.
BITSTAMP:BTCUSDLong
by quantguy
Stocks Slide, But Potential Breakout NearThe S&P 500 has slipped back below 4364, as anticipated in the last report. We found support at 4327, roughly the middle of the range stocks were holding between 4327 and 4364. Currently, we are testing the upper bound of this range, but a red triangle on the KRI suggests that we are meeting some resistance. There is a clear bull bias from the Kovach OBV, so watch for a potential breakout at open, especially if the tone of the news remains risk on. If so, we have several levels of resistance above, but 4408 would be the next target
FX:SPX500Long
by quantguy
Can Bitcoin Hit $60K??Bitcoin has trended upwards, but is meeting resistance at $57K. It is currently holding a very narrow range between $56.9K and $57.7K. The next level above is $59.4K, which is the last technical level before $60K. We are seeing good support at $56.9K, but also resistance at $57.7K as identified by green and red triangles on the KRI, respectively. Watch for support below at $54.3K or $52.8K. The Kovach OBV is still very strong overall, but has leveled off to reflect the ranging.
BITSTAMP:BTCUSDLong
by quantguy
Stocks Try to Avert Third Straight Day of LossesStocks have started the week flaccid, but have found support at 4327. We got a bit of a lift to 4364, but are likely to hold the range until more inflation data comes out. We have a cluster of levels above which will likely prove to provide resistance, such as 4340, 4389, and 4408, particular relevant level. The Kovach OBV has actually picked up a bit, suggesting a bit of a bull divergence. However if we break down past 4327, we will have encroached upon the range between 4272 and 4327, a previous value area.
FX:SPX500
by quantguy
Stocks Price in Debt CeilingStocks have gotten a lift from the debt ceiling news, however we are facing steep resistance from a cluster of levels in the mid 4400 handle, 4431 in particular. We are seeing a red triangle at this level confirming the resistance. Currently we are seeing support at 4389, as confirmed by a green triangle on the KRI. The Kovach OBV is strong, but has leveled off completely showing little or no conviction before the opening. If we do see a burst of momentum, we must first break 4431, then there is a vacuum zone to 4462. If we break down, 4364 should provide resistance.
FX:SPX500Long
by quantguy
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