Get started

Kovach

Pivot for Litecoin??Litecoin saw a nice pivot from the high $40's, meeting resistance around $54 or so before retracing to support at our level at $51.92. A green triangle on the KRI is confirming support, but we are looking a bit weak at the time of this writing. The Kovach OBV is still pretty flat, and if momentum stalls, we should see support at the base of the $50 handle, but after that there is a vacuum zone to $45.48. If we can pivot off current levels then $55.84 is the next target.
BITSTAMP:LTCUSDShort
by quantguy
Gold Smashes Lower LevelsGold has fallen further, finding support exactly at our target that we identified yesterday at 1735. We are starting to see what could be the beginnings of a pivot, with a green triangle on the KRI suggesting we are finding support at this level. The Kovach OBV is very bearish, but has flatlined a bit which may indicate that the bleeding has stopped for now. If we do pivot from here, the mid 1700's should provide resistance with 1777 a likely ceiling for now. If we collapse further, we could find support at the base of the 1700 handle.
COMEX:GC1!Long
by quantguy
Ethereum Hangs on to $1100Ethereum has been meandering between the $1000's and the $1100's since the end of June. We saw quite a bit of resistance confirmed by red triangles on the KRI at $1100, but were able to break through. However, we fell short just below $1235, ranging about midway between this level and $1100. The lack of buying interest is concerning, but the consolidation of volatility may suggest a breakout is near. The Kovach OBV is trending upwards, suggesting a bull divergence. If so, $1235 is a likely ceiling.
BITSTAMP:ETHUSDShort
by quantguy
2
Bitcoin Clings to $20KBitcoin has been wavering in the high $19K's and low $20K's since the end of June. We just have not seen much buying interest in crypto. Strength in the dollar and weakness in stocks seems to suggest we won't be seeing any massive pumps any time soon. If we do, $20.7K and $22.4K are the next targets. If we retrace, we should see support at $18.6K, then $17.6K. The Kovach OBV is steadily rising suggesting a bull divergence. If we do see a breakout, $22.4K is a likely ceiling.
BITSTAMP:BTCUSDShort
by quantguy
1
Litecoin Finds Support in the Low $50'sLitecoin has made a brief attempt to solidify higher levels in the $50's, but $55.84 proved insurmountable and LTC swiftly rejected this level, heading back to comfort in the low $50's. We have added $50.64 as a technical level as it is a relative high from the June 16th, and is currently the price at which we are seeing support. The Kovach OBV has dropped off hard, which is a very bearish omen. If support at current levels does not hold, then $45.48 is the next target.
BITSTAMP:LTCUSDShort
by quantguy
Ethereum Rejects $1100 😱📉Ethereum found support at $1017, and saw a brief pump which quickly faded. We found immediate resistance around $1100, a psychological level, and promptly returned to the mid $1K's. The lack of buying interest even at the base of the $1K handle is concerning, as is the lack of follow through with the brief pump we just saw. If $1017 does not hold, then $940 and $880 are the next levels of support below. If we are somehow able to rally past $1100, then $1235 will surely be a ceiling.
BITSTAMP:ETHUSDShort
by quantguy
Brief Rally in Bitcoin Fades FastBitcoin had a nice pop to our level at $20.7K. As predicted, we saw resistance at that level, and it was swiftly struck down, back below $20K, which seems to be a barrier for Bitcoin right now. We are currently wavering in the $19K's, with little indication of another pump anytime soon. We have tested a lower level at $18.6K, and appear to be headed there once more, which is not a good sign. The floor for now should be $17.6K, but after that we have a vacuum zone down to $15.1K.
BITSTAMP:BTCUSDShort
by quantguy
Oil Maintains Broad RangeOil rejected 113, and came crashing down through support at 106. It penetrated the vacuum zone between 101 and 106, but has since found support around 104, confirmed by green triangles on the KRI. We have subsequently seen a pivot back to 108, but appear to be finding resistance confirmed by a red triangle on the KRI. If momentum continues then the next target is 111. It is likely that we will begin to equilibrate in the broad range between 101 and 113, so watch these levels for a potential mean reversion trade.
NYMEX:CL1!
by quantguy
How Will Stocks Begin July?Stocks have begun July with a whimper so far, maintaining a very narrow range after selling off from the 3900's. We have found support in the mid 3700's, but appear to be forming a bear flag pattern. Volatility has consolidated which may portend a breakout. If so, we could make a run for the 3900's again, with 3825 and 3937 likely targets to the upside. If we sell off from here, then 3645 is a likely floor. The Kovach OBV has started to uptick slightly, which could indicate a bull divergence.
FX:SPX500
by quantguy
Gold Smashes Lower LevelsGold has begun the month of July with a massive selloff, giving up the 1800's entirely. We saw support at 1815, but that was quickly faded and we broke through to the value area between 1795 and 1815. However, 1795 did little to provide support and we have collapsed further to support in a cluster of levels between 1784 and 1795. It does look like we are finding support here, confirmed by a series of green triangles on the KRI. Additionally, we look quite oversold as confirmed by the Kovach OBV. Watch for a relief rally back to 1795. If gold continues to sell off, then 1777 is the next target.
COMEX:GC1!Long
by quantguy