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...
Litecoin has dipped past support at $169. But it quickly found further support in the $160's, just above our level at $165, as identified by green triangles on the KRI. If support does not hold, the next level down is $158. If we see more bull momentum come through, we should be able to establish the $170's again, with the first target at $174. If so, we will...
Ethereum 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...
Bitcoin 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,...
The 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...
Litecoin has dipped past a major level of support at $174. We have encroached into the $160's, and have found support at $165. We are currently sitting at $169 at the time of this writing, testing resistance. We appear to have good support at these levels, as confirmed by a green triangle on the KRI at $165. However, the Kovach OBV has slumped to reflect the...
Ethereum has dipped from highs at $3646. We have fallen through support at $3473, but appear to have stabilized at $3400. We are seeing three green triangles on the KRI, suggesting that we are encountering support, and this bear rout might be coming to a close. If so, the next targets are $3473 and $3563. If not, $3324 and $3200 are the next support levels from below.
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...
Stocks 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,...
Litecoin dipped slightly but found strong support from the lower bound of the range at $174, confirmed by a green triangle on the KRI. We are currently testing the upper bound at $184, however a red triangle on the KRI suggests we are running into some resistance. If we are able to breakout, then $191 is the next target. The Kovach OBV is strong but has leveled...
Ethereum dipped but has caught support at $3400 or so and rallied back up near relative highs. Broadly, we appear to be holding the value are between $3324 and $3646. The Kovach OBV is still pretty strong, but we are likely to see continued ranging until some momentum comes through. If we break out, the next target is $3861. If current support does not hold,...
Bitcoin has continued its bull run, drifting up to $56K. We are currently meeting some resistance from a technical level at $56.8K. It does seem like momentum is starting to dry up, so watch for a retracement to support in the value area between $52.8K and $55.7K. If this does not hold, we should find support at $50K. The Kovach OBV is still strong, however. ...
After making a run for the 4400 handle, stocks have met resistance at 4431, and have drifted down to support at 4364. Although it is not a market holiday today, it is Columbus day, and thanksgiving in Canada, so watch for lower volume. The Kovach OBV is still pretty strong, so 4364 might be a lower bound for now. If not, we could break down into the previous...
Litecoin has pulled back from relative highs at around $184. We saw support at $174, as confirmed by a green triangle on the KRI. Litecoin appears to be establishing value between these two levels. But if we see a technical retracement, we will see support from $169 and $165. The Kovach OBV is still bullish, however and if we can break $184, the next target is...
Ethereum has been trending higher, inching out new relative highs. We have achieved $3646 again, but are seeing some red triangles from the KRI at this level indicating resistance. At this point, we might see a technical retracement that could bring us back to $3563, or $3473. After that, there is a vacuum zone to $3324. The Kovach OBV is still very strong...
Bitcoin broke out again, inching just past its previous relative high. We are currently testing $55.7K, but facing resistance here. Bitcoin seems due for a reasonable technical retacement. This could take us back to $52.8K, or perhaps $50.8K. The Kovach OBV is still very strong, however, and if momentum continues, we must break through several key levels...
Stocks 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...
Litecoin had a burst of momentum that brought us up to $184, a technical level it has respected in the past. We are seeing a red triangle on the KRI here, so watch for some resistance and potentially a retracement. If so, we should find support at $174 or $169. The absolute lower bound for now should be $165. The Kovach OBV is strong, but has tapered,...