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Ghostsquawk

Ethereum Finds Support at Lower LevelsEthereum has found support at $2762. It appears to be making a run for $2965, but momentum looks really weak. The Kovach OBV appeared to be attempting to return to bull mode, but has since turned over. We have tested lower levels several times and may be forming a bear wedge or other consolidation pattern. If we can break $2965, there is a vacuum zone to $3148. Breaking down would take us further into the $2K handle, the next level of support being $2651.
BITSTAMP:ETHUSDShort
by quantguy
1
Stocks Meltdown!! Will They Find Support??Stocks have finally found support at 4350, after a massive selloff yesterday. We cut through several major levels, and have solidly breached the 4300 handle. Currently, we are seeing a bit of a lift from 4350, reaching a resistance level at 4388. There is a red triangle on the KRI, suggesting we may see a rejection of this level. If so, we could retrace back to 4350 and then some. If we see momentum come through, then there is a vacuum zone above to 408. The Kovach OBV is still very bearish, however.
FX:SPX500Short
by quantguy
Stocks Plummet!! 📉😨Stocks have sold off pretty hard, breaking down from a head and shoulders type pattern with the head at 4487. We anticipated in these reports that it would be difficult for stocks to break higher and that the risk was to the down side. We are currently attempting to find support at 4408, a level we have discussed in these reports many times and called out yesterday as a level of support. It looks like we are getting ready to break through this level as we write this. This is the last level of support in the 4400 handle, with 4389 and 4380 as the first levels to provide support beneath it. There is a cluster of levels above which will take some momentum to break through, including 4421, 4431, an 4440.
FX:SPX500Short
by quantguy
Bitcoin Trends DownwardBitcoin has trended downwards, after attempting a 50% retracement of the selloff from mid September. We are currently finding support at $41.7K, just above the last two key levels of the $40K handle. Some green triangles on the KRI suggest that we are getting some support here, and may see an uptick soon. Both Kovach Momentum indicators (blue and purple lines at the bottom of the chart) are extremely bearish suggesting that we are oversold and due for a bounce.
BITSTAMP:BTCUSD
by quantguy
Litecoin Struggles with the $150'sLitecoin has been attempting to establish value with the rest of the crypto market. We are seeing great support at $141 but are facing some issues with the $150's. This is a very narrow range for LTC, so a breakout can be expected either way. The next level to target above is $158. If we can fully breakout of the $150's, then there is a vacuum zone back to $169. From the down side, $141 should continue to provide support but if not, then next level is $134.
BITSTAMP:LTCUSD
by quantguy
Ethereum Preparing to Breakout??Ethereum appears to be establishing a range between $2762 (which we have added to our chart as a new technical level) and $3148. We are gradually seeing the Kovach OBV pick up reflecting some buying, but a red triangle at the upper bound of this range suggests that we are facing resistance. Watch for a retracement to $2965 again. We may see a bull consolidation pattern start to form, preceding a breakout to higher levels. If so, $3324 appears to be the next target.
BITSTAMP:ETHUSDLong
by quantguy
1
Bitcoin Maintains the RangeBitcoin is ranging between $40K and $45K. This was a previous value area for BTC. We have made a few attempts to break lower into the $30K handle, but these were quickly bought back. Currently, we are meeting resistance at $43.8K, and several red triangles on the KRI appear to confirm this. The Kovach OBV is quite flat, which provides confirmation to our assertion that Bitcoin should hold its current range. We will need some momentum either way to punch through $45K, or breakdown to the $30K handle.
BITSTAMP:BTCUSD
by quantguy
Stocks Struggle at HighsStocks have made a run for highs, but have met resistance at 4487. We are currently finding support at 4463, as confirmed by a green triangle on the KRI. The Kovach OBV has been tapering up, confirming the bull trend, however this momentum still seems paltry with respect to the selloff we saw last week from Evergrande. If we are able to brak 4487, then 4504 and 4521 are the next levels to target on the upside. It seems likely that we may see a retracement, and we should continue to find more support at 4440. There is a cluster of levels around this vicinity, but if these do not hold, 4408 should provide further support.
FX:SPX500Long
by quantguy
Litcoin Facing ResistanceLitecoin has bounced back, but is facing resistance at $158. We are potentially seeing an inverse head and shoulders pattern forming here, but we will need to see the second shoulder form properly before we can confirm. We are seeing support at $151 at the moment, as confirmed by a green triangle on the KRI. Both the Kovach momentum indicators are bearish, which could indicate that we are preparing to break through support. If so, watch for support at $147, or just above it to form the second shoulder of the inverse H&S pattern.
BITSTAMP:LTCUSD
by quantguy
1
Bitcoin Catches a LiftBitcoin caught some momentum and we have broken past levels of resistance at $43K. We did not have the steam to make it to $45K, which was a previous value area. There is a cluster of levels around $45K, which should provide resistance and will be the next barrier for BTC if it catches more momentum. But we appear to be seeing momentum wane at the moment, and the Kovach OBV has slumped to reflect this. Watch for support at $43.1K and if this does not hold we should see support from $41.9K and $41.6K
BITSTAMP:BTCUSD
by quantguy
5
Litecoin Tests Lower Levels!!Litecoin has continued to push lower, finally finding support at $147. We have two green triangles on the KRI near this level. Currently, we are seeing a bit of a retracement to $158, but we are falling just short of this level. It appears we are currently finding value just below it, around $155 at the time of this writing. The Kovach OBV is still bearish, but appears to have leveled off for now. We will need momentum to punch through $155. If so, there is a vacuum zone to $169. The next level of support after $147 is $141.
BITSTAMP:LTCUSDShort
by quantguy
Ethereum in the $2K Handle!!Ethereum plummeted deeper into the $2K handle, finding support at $2651, a level we have identified many times. It has retraced the vacuum zone but is currently finding resistance at $2965. The Kovach OBV is still quite bearish, but has leveled off, suggesting at least that the bleeding has stopped for now, but we do not seem to have the momentum to break through $2965 at the moment. The $3K handle will now provide further resistance, and we will see if Ethereum can muster the momentum for an attempt at this level later, as the trading day progresses.
BITSTAMP:ETHUSDShort
by quantguy
1
Lower Lows for Bitcoin 😨📉Bitcoin made another run for lows, but has stubbornly refused to break the $40K handle. It found good support around $40K, then quickly established value around $42K. We are seeing lower lows, however, indicating that we are still in a bear trend. Current levels would be a good place to start accumulating a position, but be advised that we could see another dump. The more Bitcoin feels comfortable with the lower $40K handle, the higher the probability it can break through to the $30K handle. The Kovach OBV is still quite bearish.
BITSTAMP:BTCUSDShort
by quantguy
Volatility Near Lows for StocksAfter plummeting in the second worst day ever (by some sources), the S&P 500 is attempting to stabilize. We appear to have bottomed out at 4306, and attempted a 100 point swing to 4408. We are seeing a great deal of volatility in between as stocks jostle to establish value. Currently, we are meeting some resistance at the 0.382 Fibonacci retracement level which does seem to align with some technical levels on the chart. Thus, we can expect steep resistance here. Watch the open, because it will take significant momentum to break through these. The Kovach OBV is still bearish despite the rally from yesterday, likely filtering out the 'noise' in the volatility. We should expect support from 4348, but if that does not hold, 4306 seems to be the min lower bound for now.
FX:SPX500
by quantguy
1