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Ghsotsquawk

Ethereum Breakout Imminent!!Ethereum has pressed higher, testing our level at $3861. We appear to be forming a bull wedge pattern with an upper bound at this level. At this point, a breakout seems imminent, but watch for further consolidation. The Kovach OBV has dipped but does appear to be gaining more strength. We have a vacuum zone below to $3646, but this is a min lower bound for now. If we do not break out, we are likely to consolidate under $3861. Our next target is $4021, which is the first level of the $4K handle.
BITSTAMP:ETHUSDLong
by quantguy
1
Ethereum Tests Relative Highs!!Ethereum caught some strength, bringing us back to relative highs. This coincides nicely with the head of the failed head and shoulders pattern. We asserted that a failed head and shoulders pattern is a bullish sign and this is to be expected. The question is whether ETH can break through $3363, or if it will reject these higher levels and return to support in the $3100 or $3000 handle. The Kovach OBV is still pretty flat suggesting a bit of a price divergence.
BITSTAMP:ETHUSD
by quantguy
1
Bitcoin Retreats from Relative HighsAfter making new relative highs not to long ago, weakness has pervaded Bitcoin again. It touched the $50K handle briefly, but fell back to its comfort zone in the $40K handle. It is currently finding support at $46.2K. It appears that all the good news is already priced into the crypto market, and the big moves have already happened. If we don't have any more positive news, then we should range between $46.2K and $48.2K at best. At worst, we could test support near $45K. There are three levels in this vicinity, but then a vacuum zone below to $43.8K
BITSTAMP:BTCUSDShort
by quantguy
Bull Wedge in Eth?? 📈Ethereum is hugging the upper bound at $3324, perhaps considering a breakout to our target at $3473. It seems to have good support from $3200, and even more so from $2965, but it is doubtful we will test those lower levels with such bull conviction. The Kovach OBV is notably bullish, but it looks like we are curving over slightly, as Ethereum ranges. The lower bound is increasing, while the upper bound is remaining fixed suggesting that we could be seeing a bull wedge forming
BITSTAMP:ETHUSDLong
by quantguy
Stocks Continue to Range 🥱We are still waiting for our breakout in stocks. All week, the S&P has been holding an extremely narrow range, and drifting up past our level at 4432. We are seeing a slow but steady drift, and volatility has consolidated immensely. We are due for a breakout either way. Our profit target from above is 4462. From below, 4408, 4389, and 4380 should provide support. The Kovach OBV was once quite strong, even with the consolidation, but appears to be tapering which makes us question if we may see a correction first before hitting our next profit target.
FX:SPX500Long
by quantguy
1