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Ghostsquawk

Bitcoin Breakout?/Bitcoin appears to be testing the upper bound of the range at $59.4K. This would be the third time it has encroached upon this boundary suggesting that it is getting increasingly more comfortable with it, and perhaps gearing to break out. We could potentially be seeing a bull wedge forming. If it breaks out, $61.6K is the next target. We could continue to feel out the range, however, in which case anticipate a brief rejection from current levels. But we are likely to see support at $55.7K or $54.3K.
BITSTAMP:BTCUSDLong
by quantguy
1
Best Stock Trading IdeasStocks held a very narrow range yesterday, after dipping significantly, traversing the vacuum zone to find support at 4122. They could be gearing up for another breakout, which may finally take us to our profit target of 4227. Currently we are sitting at almost the exact middle of the range, at the 0.618 Fibonacci level at 4161. Watch out for 4187, which may provide resistance. If we retrace further, we will see support from 4146, which is a Fibonacci and technical level, then 4122 again.
FX:SPX500Long
by quantguy
1
Litecoin Hits Second Profit Target!! All Time Highs Next??Litecoin has blasted past our profit target of $322 to hit our second profit target of $340. It seems this project is finally catching the momentum it was waiting for. We are well within reach of all time highs at $375, which is our next profit target. However, we are due for a retracement, or at least some ranging. Avoid FOMO-ing in at highs. We should be forming a dragon head pattern as the price consolidates before another breakout. Be mindful of the vacuum zone down to $291. The Kovach OBV is still very strong, but appears to be rounding off.
BITSTAMP:LTCUSDLong
by quantguy
Ethereum Finds Footing near HighsEthereum has peaked at $3470, and appears to be in the volatility of our exclusive dragon head pattern. Watch for it to stabilize, perhaps around $3186 before another burst of momentum, which must break highs again before hitting our next target at $3646. We will have strong support from below at $2962 if we see a retracement. The Kovach OBV is very strong, but it's tapering a bit suggesting we should at least range for a bit to find some footing.
BITSTAMP:ETHUSDLong
by quantguy
Bitcoin Maintains the RangeBitcoin is holding steady in the mid $50K handle, finding good support at $52.8K and currently stabilizing just under $55.7K. This is midway between the range it has been holding between $52.8K and $59.4K. Anticipate to maintain this range feeling out this current value area before picking up steam again. It seems that many altcoins are ripping and no doubt capital will flow from Bitcoin to these other projects. When Bitcoin catches a lift watch that upper bound at $59.4K which must be broken before we can consider the psychological $60K barrier again.
BITSTAMP:BTCUSDLong
by quantguy
Stocks Tumble!! What's Next??We warned you of the downside risk yesterday in stocks, and it would have been very wise to pay attention. The S&P tumbled yesterday, careening through the vacuum zone back to 4144 and bottoming out just above the level under that, 4122. They were swiftly bought back, however, but that would have been a lot of pain to hold through if you were impatient and FOMO'd in at highs. Currently, we are hovering between 4182 and 4188. It could go either way from here. If we reject current levels, we could see another wave of selling, testing lows. We could also see a lift back to highs at 4214. It seems likely for stocks to feel out this broad range before making new highs and hitting our next profit target of 4228.
FX:SPX500Long
by quantguy
Profit Target Hit in Litecoin!!Litecoin caught a huge burst of momentum which has smashed through multiple technical levels where we anticipated resistance. The most significant was the neckline of the failed inverse head and shoulders pattern at $280, which remained an upper bound for some time. We have reached our previous profit target of $322 overnight. We anticipated this would take a few days. Our next target is $340. But watch for LTC to feel out this range, it has crossed the vacuum zone and will likely establish more value areas within it right now.
BITSTAMP:LTCUSDLong
by quantguy
3
New Highs for ETH Again!!!Ethereum has smashed through all technical levels that we have drawn and has hit our profit target of $3473 on some exchanges. ETH should definitely see some resistance here, as it has appreciated by almost 50% over the past two days. We do appear to be feeling out the current range right now, and perhaps making another run for those highs. We should see a 'dragon head' pattern forming here soon, with support at $3186, or $2962. Observe how well the Fibonacci's align with the technical levels. This confirms their significance. It will take sufficient momentum to break through them. Our next target is $3646.
BITSTAMP:ETHUSDLong
by quantguy
1
Slight BTC Retracement, Still HODLingBitcoin is broadly trending upwards, but has caught a bit of a retracement. We are seeing support from $54.3K, and further from $55.7K. This is likely a brief technical retracement, so we should not see too much more fallout but if we do, $52.8K is likely to provide good support. Recall that the min lower bound here is $48.2K. Our current barrier to break is $59.4K, just below the psychological $60K barrier, which will take some momentum to break through. The Kovach OBV is strong overall, but has dipped slightly during this latest retracement. Currently, there isn't much comparative momentum for BTC, so we are likely to hold the range and test the technical levels drawn here.
BITSTAMP:BTCUSDLong
by quantguy
Stocks Consolidating!! Breakout??Stocks have continued to maintain their range between 4188 and 4214. The volatility in the S&P has consolidated a bit and we appear to be forming a bull flag or bull wedge at the moment. This could suggest that stocks are gearing up for another breakout. However, the Kovach OBV has dropped off considerably so we must be aware of the down side risk. There is a vacuum zone down to 4144. If we can break out, the next target is fairly close, at 4227.
FX:SPX500Long
by quantguy
1
Litecoin Marches On!!Litecoin continues to edge up, but is facing resistance at $280, a significant technical resistance level and the neckline of our inverse head and shoulders pattern. Both Kovach momentum indicators are overbought here, suggesting that it is highly likely to retrace soon. We will see support at $264 and $251. In the longer term, bull momentum seems to have returned to the crypto market so it is only a matter of time before we break out from the $280 barrier. The next significant level is $291, and then we will be in a position to cross the vacuum zone and achieve relative highs again at $322.
BITSTAMP:LTCUSDLong
by quantguy
1
Bitcoin Steadily Rises...Bitcoin has climbed slowly but steadily. We have broken through key levels of resistance culminating with $57.7K. Our next barrier is $59.4K, with $61.6K after that. The Kovach OBV has been steadily marching upwards, suggesting that another selloff may be on the horizon. Watch for resistance at one of the levels mentioned above to take us back to support somewhere amid the cluster of levels between $52.8K and $57.7K. Broadly speaking, Bitcoin is showing some nice, steady, healthy bull momentum and any dip should be considered a buying opportunity.
BITSTAMP:BTCUSDLong
by quantguy
Correction Coming for Stocks??Stocks have peaked right under our profit target of 4227, at 4214. We have pretty good support underneath at 4188 and 4178. However there is a vacuum zone below to 4144. We may find some support at one of the Fibonaci levels drawn here. The S&P has been very strong lately but the price action is 'rounding off' which suggests that a correction is coming. The Kovach OBV has declined a bit which may support this. We certainly aren't short of stocks, just cautious to enter at highs. If we do catch some momentum, we will most likely hit our profit target of 4227. Our next profit target is 4293.
FX:SPX500
by quantguy
Pullback for ETH??Ethereum keeps creeping up, stubbornly refusing our anticipation of a retracement. We have several red triangles on the KRI suggesting that ETH is facing continued resistance here. It would be FOMO to enter a long at highs here. The levels $2651 and $2556 are likely candidates for a retracement. Our next price target is $2965 and this is just under the psychological $3000 mark. The Kovach OBV has dipped which is a divergence from price suggesting a pullback may be soon.
BITSTAMP:ETHUSDLong
by quantguy
2
Bitcoin Catches SupportThe price action of Bitcoin has rounded off after facing resistance at $55.7K. We had a slight dip to the beginning of this cluster of levels at $52.8K, but caught support there. There is not much momentum to this rally so it appears that Bitcoin is comfortable in this range for now. Be mindful of the vacuum zone down to $50.8K. We won't be fully out of the woods until we break $57.7K. The $60K will be in sight. The Kovach OBV is strong, so we do not anticipate a massive selloff any time soon, but if we do, $48.2K seems to be a hard lower bound.
BITSTAMP:BTCUSD
by quantguy
Stocks Tumble!!The S&P has dipped pretty hard from highs. We anticipated that we would see 4188, again yesterday and that's exactly where we are at the time of this writing. In fact it looks like stocks are not finished with the bear run and are pushing through this level. We are likely to find some support around this level, at least until the open, where we may catch some momentum. We have a few lows testing 4178, which we have added as a new level. Pay attention to this level since there is a vacuum zone below to 4144. The Kovach OBV has dipped sharply suggesting the aggressive rally in stocks is on pause for now.
FX:SPX500
by quantguy
Litecoin Ranges. What's Next??Litecoin has not seemed to benefit from the momentum seen in others like Ethereum. We have stabilized between $251 and $264. The Kovach OBV is trending up, but has tapered, reflecting the malaise. It could go either way at this point. We have support at $242 and $227 with a min lower bound at $209. On the upside, we have $280 and $291, which seems like a stretch for now. The neckline of our failed inverse head and shoulders pattern will provide resistance at $280.
BITSTAMP:LTCUSD
by quantguy
1
Ethereum New Highs!! Next Profit Target??Ethereum has made fresh highs, and does not seem to be letting up. We are due for a retracement. The Kovach OBV is still strong, but tapering. The Kovach Chande has already dipped. We are seeing a few red triangles on the KRI, and the price action appears to be rounding off. This would just be a healthy retracement and would give us more time to accumulate a position at $2651 or $2556. Our next target for Ethereum is $2965, which is a bit generous at this point, but we should be closing in on this within two weeks or so.
BITSTAMP:ETHUSDLong
by quantguy
Bitcoin Rounding OffBitcoin has risen, but the price action has rounded off. We alerted you to this yesterday. We have some resistance from $55.7K and some red triangles above the KRI, suggesting that we are having troubles with upper levels. The Kovach OBV is still strong, but the slope is very gradual. This suggests that longer term, we are still in bull mode, and this is a reasonable pull back. We have a cluster of levels up to $57.7K, so we are not out of the woods until we break through this level. A bear smackdown could take us back to $48.2K
BITSTAMP:BTCUSDLong
by quantguy
1
Stocks Hit Profit Target!! What's Next??Stocks broke out and hit our profit target exactly! After a few days of malaise before the FOMC, we had a breakout to 4214, a level of which you were alerted many days prior. Our next target is pretty conservative at 4227, then we have another at 4293. These are generated by Fibonacci extensions from Fibonacci levels anchored at the upper and lower bounds of the range the S&P has been respecting before the breakout. The Kovach OBV is still very strong, though it would be reasonable to expect a pullback, which could take us back to 4188.
FX:SPX500Long
by quantguy