Get started

Ghostsquawk

Bitcoin Smashes Resistance, Solidifies $50K Handle!!Bitcoin has rallied yet again, further solidifying the $50K handle. We blasted through resistance from $54K, and finally paused for air, at $55.7K, one of our technical levels. We are getting support from $54.3K as confirmed by a green triangle on the KRI. Bitcoin is quite strong right now, and the Kovach OBV confirms this. We are due for a technical retracement, so watch for levels in the lower $50K handle to provide support. The next levels below are $52.8K, then $50.8K. We will have to break through $55.7K and $56.8K to continue the rally.
BITSTAMP:BTCUSDLong
by quantguy
Debt Limit Hopes Lift StocksStocks caught a lift later in the trading day yesterday after struggling with 4327. Positive news sentiment off hopes of a debt ceiling agreement brought us back to the upper bound of the range at 4389. The Kovach OBV has picked up notably, but is flattening out suggesting we are facing some resistance here. In order to breakout, we will need sufficient momentum to break through. The next major level is 4408, the first technical level of the 4400 handle. If we fail to muster the momentum to break out, we will likely retrace to the bottom of the range again, at 4293 or 4272.
FX:SPX500Long
by quantguy
Stocks Bottoming OutStocks have retreated to the lower bound of the range, testing the 4200 handle again. Currently, we are finding support just above our level at 4272. We are seeing green triangles on the KRI, suggesting we are finding good support at these levels. Watch the risk sentiment in the news, because if we see more momentum towards open, we could potentially break down to 4245, the next level down. If not, we could test the upper bound of this range again, which is about 4380. The midpoint is at about 4327, so keep this in mind for a potential mean reversion trade. The Kovach OBV has leveled off, and if we are to break either of these levels, we need to see momentum come through.
FX:SPX500
by quantguy
1
Ethereum Establishing ValueEthereum has retraced from relative highs around $3500. It appeared to be testing the next technical level in the $3K handle at $3563, but has fallen short as confirmed by a red triangle on the KRI. We have retreated to the lower bound of what appears to be a value area forming with a lower bound at $3324. We appear to be seeing good support here, confirmed by several green triangles on the KRI. If we break through this level we should see further support at $3200. If we can break through $3563, the next target will be $3646.
BITSTAMP:ETHUSD
by quantguy
Bitcoin Holds $50K!!Bitcoin is holding strong in the $50K handle, currently testing the $52K's. We have breached $50.8K, the first technical level of the $50K handle, and have retraced a bit before reaching the next technical level at $52.8K. We are seeing a green triangle on the KRI, suggesting support here. The Kovach OBV is very bullish but is curving over slightly at the moment, suggesting we could be ready to see a technical retracement. If so, we will have good support from $48.2K. If not, we must break $52.8K to press higher.
BITSTAMP:BTCUSD
by quantguy
Stocks Still Hugging LowsSocks are holding steady at lows. The S&P seems to have bottomed out at 4272, making a meager attempt at higher levels. We appear to be making a run for 4327, but there isn't much momentum to this rally. The risk sentiment is still pretty bearish, but we will see how it evolves as the day progresses. The Kovach OBV is still solidly bearish as well, but we could be due for a relief rally. Watch for 4272 to continue to provide support, but 4245 is the next level if we break through. The next level above is 4350, and there are several levels above this which will provide resistance until we are able to break through to the 4400 handle.
FX:SPX500
by quantguy
4
Can Litecoin Breakout??Litecoin has caught some momentum, breaking through to higher levels in the upper $100 handle. We are currently meeting resistance at $174. We appear to be forming a value area between $165 and $174. We are seeing several red triangles on the KRI, suggesting we have a bit of resistance near highs which should take some momentum to break through. We are seeing a bit of a rally come through at the moment, but $174 should still provide resistance. If we can break through this level, there is a vacuum zone to $184, the next level above.
BITSTAMP:LTCUSDLong
by quantguy
Bitcoin Breaks $50K!!Bitcoin has continued its rally and has solidified $50K. This is a welcome move for crypto bulls, as we have held the $40K handle for months now. We are beginning to see resistance around $50K, and there are two major levels here: $49.7K and $50.8K. A series of red triangles on the KRI suggest that we might be encountering some resistance here. The Kovach OBV is strong but is losing steam. We have major support from $48.2K. There is a strong value area around here as BTC held the range between $47.4K and $48.2K for several days.
BITSTAMP:BTCUSDLong
by quantguy
2
Litecoin Establishes Value After RallyLitecoin has rallied up to $174, but has since retraced to $165. We have added this as a new technical level, since Litecoin has been sensitive to it recently. We are currently finding support here at the moment, as confirmed by two green triangles on the KRI. If we break through this level, there is a vacuum zone to $158. There is another vacuum zone below to $147, if support does not hold. The Kovach OBV is strong, but has tapered to reflect recent ranging. We will need further momentum to breakout past $174.
BITSTAMP:LTCUSDLong
by quantguy
Ethereum Testing Mid $3K's!!Ethereum rallied significantly, finally solidifying the $3K handle. We tested as high as $3500, before retracing to support at $3324. From here we can expect to establish value in this area, broadly speaking. Support at $3324 is looking quite weak and if we break through we will have support at $3200. There is fairly strong support there, but if that does not hold, we could retrace through the entire move through the $3K handle. Our next target above is $3563.
BITSTAMP:ETHUSDLong
by quantguy
Bitcoin Rallies, Establishes ValueBitcoin roared on Friday, smashing through $45K, which was previously a hard upper bound. We peaked up as high as the low $49K's, before retreating to support at $47.4K. It is maintaining a very narrow range at this point. If we do not have the strength to maintain these higher levels, we can expect to reestablish the $40K-$45K range. It will take some momentum to break through the value area currently established, and we must break $50K solidly to establish a bull trend again. The Kovach OBV has picked up notably, but has begun to level off as Bitcoin establishes value
BITSTAMP:BTCUSDLong
by quantguy
Stocks Attempt a RallyStocks appear to have found support for now at 4272. This seems to be a lower bound for now. We do appear to be witnessing a meager attempt at a rally. The S&P has tested 4380, but retraced a bit to support at 4327. We may attempt to find support here as we establish value. The Kovach OBV is still solidly bearish, and until we can see some momentum come through, we can expect to remain at these lower levels. We have a cluster of levels in the 4300 handle above. If we manage to break through these, 4408 is the first major level in the 4400 handle, and this will be a significant barrier to break.
FX:SPX500
by quantguy
1
Ethereum Breakout??Ethereum is testing the upper bound of the range, currently breaking through $3148, and testing $3200 as we are writing this report. Will Ethereum have enough momentum to break through to higher levels? We are seeing momentum come through in Bitcoin which is likely to bleed into ETH. If we can break $3200, then $3224 is the next level of resistance above, then we will be looking to cross a vacuum zone to $3473. If we retrace, we should see strong support at $2965. As an absolute lower bound, we should have support at the bottom of the range at $2762.
BITSTAMP:ETHUSDLong
by quantguy
2
When Will Stocks Recover?? 😱Stocks appeared to be seeking value around 4389, but seem to have taken a turn for the worse. We found support at 4350, but risk off sentiment pervaded the markets and the S&P smashed through several support levels down to 4272, where it is currently finding support. The Kovach OBV is still massively bearish, suggesting we are getting into oversold territory, and due for a bounce. The best case scenario for bulls would be a V-shaped recovery, that could take us back to the 4300 handle or even 4400. From below, we should have support at 4225.
FX:SPX500
by quantguy
Stocks Find SupportStocks have found support at 4350. The S&P has drifted up, and inched above 4389, but does not seem to have enough momentum in the tank to test the 4400's yet. If we see a lift at open, 4408 will be our next immediate target. After that, there is a cluster of levels in the low 4400's, that will next provide resistance. The Kovach OBV is bearish, but has started to pick up. If the sell off continues, we will find support again at 4350, but if this breaks, 4327 and 4306 are the next levels down.
FX:SPX500
by quantguy