ETC has emphatically rejected and retraced its gains with a two bar reversal candlestick pattern at the upper bound of the Kovach Reversals Indicator, but eventually finding support at a Fibonacci Retracement Level. Both Kovach Momentum Indicators are still bullish, and we are still in a bull trend, despite this massive retracement. If you like the Kovach...
Litecoin, along with Ethereum, faces a significant pullback, but respects support from two trend lines. The Kovach Momentum Indicators are still bullish, but levelling off. The Kovach Reversals Indicator marks rejection from the upper bound with a red triangle, confirming a rejection of highs. This rejection has likely formed wave 4 of the corrective segment of...
Consolidation in Ethereum has continued as it struggles with new highs above $500. The Kovach OBV, which measures longer term momentum is strong, but the Kovach Chande, which measures shorter term momentum, is wavering. We face continued resistance at the upper bound of the Kovach Reversals Indicator, augured by a red triangle on the 25th. The upper and lower...
Neo is failing to test new highs, which is foreboding. It appears to be consolidating into a bear wedge pattern, but the central moving average of the Kovach Reversals Indicator, and the 0.618 level of the Fibonacci Fan provides support. We appear to have completed the third wave of the impulse of the 5-3 Elliott Wave, and are in the fifth wave right now,...
Consolidation in Ethereum has continued as it struggles with new highs at $493.50. The Kovach OBV, which measures longer term momentum is strong, but the Kovach Chande, which measures shorter term momentum, is wavering. We face continued resistance at the upper bound of the Kovach Reversals Indicator, augured by a red triangle on the 25th. The upper and lower...
Bitcoin continues its spectacular bull run, crushing the sought after psychological level of $10K, and then some. Both Kovach Momentum Indicators are bullish and even accelerating, and we are consistently pressing the upper bound of the Kovach Reversals Indicator which has widened substantially. It faced a bit of resistance around $10.8K before briefly retracing...
Bitcoin is rapidly closing in on the prized $10K mark as other cryptocurrencies like XRP and NEO struggle to make new highs and maintain bull momentum. Both Kovach Momentum Indicators are bullish, and we've been encroaching on the upper bound of the Kovach Reversals Indicator for a while now. We appear to be in the third wave of the impulse wave of a 5-3 Elliott...
IOTA has proven to be the strongest contender in Altcoin space as it blasts past highs, and leaving NEO and XRP in the dust. Currently, it's facing resistance at the Fibonacci Fan level, so some retracement is likely. Elliott Wave analysis shows we're likely completing Wave 3 of the impulse of a 5-3 Wave. this is the longest and strongest, so we could see more...
Similar to XRP, Neo is chugging along, but is struggling with making new highs. The Kovach Momentum Indicators are still bullish, but we are fairly far from the upper bound of the Reversals Indicator, which augurs more of a retracement. We appear to be in the final phase, wave 5 of an impulse of a 5-3 Elliott Wave, but we must make new highs to confirm this. ...
Ripple just can't seem to get the memo the bulls left for cryptos. It's facing strong resistance at highs, despite hugging the upper bound of the Kovach Reversals Indicator. Both Kovach Momentum Indicators are chugging along, so hopefully we can push past this resistance soon. The Elliott Wave is a bit foreboding as we are far away from new highs at $0.40. I'm...
Although we're seeing a bit of a pullback, confirmed by a red triangle on the Kovach Reversals Indicator as we face the upper bound, Litecoin has tested highs again, which is a sign of bull momentum confirmed by the Kovach Momentum Indicators. The band width on the Reversals Indicator is wide though, and must consolidate at some point. We appear to be in Wave 3...
Ethereum has pulled back from highs, after testing new highs and the upper bound of the Kovach Reversals Indicators. The Kovach Momentum Indicators are still bullish, but the Chande has pulled back slightly, indicating short term momentum has dropped off. Some retracement should be expected as the bands of the Reversals Indicators are extremely wide and must...
Bitcoin is still on a rampage, crushing new highs and testing that ever so sought after $10K mark. We are solidly pressing the upper bound of the Kovach Reversals Indicator, which usually portends a reversal, but there is overwhelming momentum confirmed by both of the Kovach Momentum Indicators. We appear to be solidly in Wave 3 of the impulse of a 5-3 Elliott...
Bitcoin solidly maintains its lead this morning over Altcoins, pulling back slightly from all time highs. The altcoin index has pulled back a bit further, respectively. This is confirmed by the Crypto Spread Index, which is still in BTC's favor, but wavering. Consider diverting some profits from Bitcoin to Altcoins, or 'HODLing'. Check out the Crypto Spread...
As predicted (see linked article), there was a brief respite in the USDJPY's tumble, marked by a morning star pattern, confirmed by a green triangle on the Kovach Reversals Indicator. Currently, we are in a vacuum zone and both Kovach Momentum Indicators are solidly bearish. Yields are lower, and there doesn't seem to be much on the horizon to lift the dollar...
Bitcoin has been on a rampage this weekend, crushing new highs and careening toward the psychological and technical level of $10K. There are strong technical and fundamental reasons why we should expect this strength to continue. First, we have BTC futures to be released on the CME which in the short term is a good thing (more on my long term outlook to follow...
Following the cryptocurrency rampage this weekend, Litecoin prepares to make new highs. The Kovach Momentum Indicators are solidly bullish, and it has solidly pressed the upper bound of the Kovach Reversals Indicator and is pressing onward, pushing past resistance from yesterday (as indicated by the red triangle). Trend lines show places of support, and we've...
Unless you completely unplugged this weekend, still drunk of tryptophan, you know that Bitcoin has continuously made new highs over the weekend. Even though the Altcoins have broken out as well, Bitcoin has overshadowed them. The altcoin index has retraced slightly from new highs, and the altcoin spread shows that Bitcoin has reclaimed the title, and is...