Get started

Kovach

Can Bitcoin Break $42K??Bitcoin has held its ground just below $42K. We are testing two strong levels of resistance at $41.7K and $41.9K. Resistance is confirmed by several red triangles on the KRI. We do however appear to be seeing a bull wedge type consolidation forming under this level. However, the Kovach OBV has completely leveled off for now, which does not give us much confidence in a breakout. It does appear to depend on what stocks are going to do today. Further momentum in the stock market may bleed through to Bitcoin and if so, we could break out through the vacuum zone to $43.1K. If not, we should see supprt around $40K.
BITSTAMP:BTCUSDShort
by quantguy
Sharp Retracement in the DXYThe DXY has sold off as we predicted yesterday. We surmised that we would be seeing strong resistance from higher levels in the 100's, 100.98 in particular. This is not only a technical level but very close to 101, a psychological level. Indeed, momentum petered out for the DXY, and we crashed through several levels, finally stabilizing at 99.82. We are seeing support confirmed by a green triangle on the KRI at this level. If it does not hold, then we should see support from 99.40.
TVC:DXY
by quantguy
Stocks Edge UpStocks are edging up, currently testing 4487. We are seeing a red triangle on the KRI indicating some resistance here. If we are able to break through, then 4521 will be the next level where we anticipate resistance as it is a relative high. We anticipate 4580 as a ceiling for now, as this is yet another relative high. The rally looks weak and the Kovach OBV has barely budged. Thus a s selloff is highly probable. If we do see a selloff, then 4364 should hold as it is a relative low.
FX:SPX500Short
by quantguy
Stocks Continue Their DeclineThe S&P 500 has continued its slow and agonizing decline. We have found support at 4365, but failed to see any sort of pivot that would indicate a reversal. The Kovach OBV is gradually trending downwards. We do appear to have support at current levels, but if we break down further, we should expect support at 4327. Stocks are due for some ranging or a rally, as a corrective phase to the bear trend at worst. If we rally, 4462 and 4521 are good targets and will provide resistance.
FX:SPX500Short
by quantguy
Bitcoin Breaks DownBitcoin appeared to be getting good support at $39.2K, but has pressed lower. It broke through this level finding support just above $38.2K. We did see strong support confirmed by a green triangle on the KRI, however the price action does look pretty weak at the moment. Though we did see strong support, we are still not seeing further momentum come through. We are still under the $40K level and this will provide resistance. The level $38.2K should hold, otherwise $37.7K is the next level of support.
BITSTAMP:BTCUSDShort
by quantguy
Stocks Continue to SlideStocks keep edging down, consistently making lower lows. We did have a small rally off support from 4389, which immediately sold off to break down further. We are currently finding support at 4364, but the price action is looking very weak. The Kovach OBV has slumped, suggesting that the rout will continue. If we do see bull momentum come through, 4462 and 4521 are still profit targets, but 4389 will provide resistance. If we break down further, watch for support at 4327.
FX:SPX500Short
by quantguy
Gold Hits Our Target!!As we have discussed, gold was facing steep resistance from a dense cluster of levels between 1956 and 1982. We were facing steep resistance at the last level, 1982. However, we were able to break out into the vacuum zone to hit 1999, our target from last week. We are currently meeting resistance here, confirmed by a red triangle on the KRI. The Kovach OBV is still quite strong, however, so if gold can keep up the rally the next target is 2029. It will find support at 1982 again if we retrace.
COMEX:GC1!
by quantguy
Litecoin Testing Higher Levels!!Litecoin has found support in the low $100's and shows a remarkable amount of determination with respect to the other crypto's. We are currently testing $111, which we have noted as a strong resistance level. We may be seeing an inverse head and shoulders pattern with a slanted neckline, and if so, that could be a good sign for bulls. Targets above include $114 and $120, the latter being a solid ceiling for now. From below we should see support at $105 and $101.
BITSTAMP:LTCUSDShort
by quantguy
1