Litecoin has blasted through resistance in the $100 handle, at $191 and $195, specifically, to solidify the $200's. We are currently meeting resistance at the first technical level at $209, as identified by two red triangles on the KRI. We are seeing support from $202, as identified by a green triangle on the KRI. We have not seen much in the way of a...
As predicted yesterday, bitcoin broke out to make new highs. There is strong optimism off of this new Bitcoin ETF, which has bled into the entire crypto market. At this point, Bitcoin has retraced just a bit, finding support at the next level down, $64.3K. The Kovach OBV is strong but has tapered. At this point a technical retracement is due, which could take...
Ethereum has blasted off, gaining from exuberance in the crypto market over the Bitcoin ETF. We have blasted through the $4K handle, and are currently at the precipice of the $4300's. Our next target is $4450, which would make new highs for ETH. If we retrace, we should find support at $4020. Ethereum appears to have enough momentum to hold the $4K handle, but...
Stocks have pressed higher, but are currently rounding off. We tested 4545, the level we mentioned yesterday, but were unable to break through at the moment. A red triangle on the KRI denotes the resistance. We have since consolidated in a very narrow range between this level and 4521. We are getting strong support here, confirmed by three green triangles on...
Bitcoin is within inches of new highs, as it flirts with $64.3K. We are currently finding resistance just below that, hovering at $64K at the time of this writing. We have not seen much in the way of technical retracements, so one is very likely to occur, potentially after we've secured new highs. If so, expect support at $59.4K or $57.7K. The next target is $66.3K.
Bitcoin is gunning for new highs, but Litecoin does not seem convinced. It is currently consolidating just above our level at $184. There is a bullish divergence in the Kovach OBV so watch for a breakout soon. If so, we must clear $191 to make new relative highs. The next target after that is $195, the last level in the $100 handle. We will find support at...
Stocks have continued their rally into the 4500 handle, on earnings optimism. We are meeting some resistance at 4520, but the Kovach OBV is still quite strong, indicating a clear bull trend. At this point a technical retracement is reasonable, and we should see good support at 4462. If the rally continues, we have only two levels above, 4545 and 4564 before we...
Litecoin got a lift to higher levels, facing resistance at $191. We saw great support just above $174, confirmed by several green triangles on the KRI. The Kovach OBV is rising, suggesting momentum may be coming back. To contiune, we must definitively break $191, then $195. These are the last levels in the $100 handle. Then we will be clear to see $200's again.
Ethereum is consolidating into what is appearing to be a bull flag pattern. We are finding support at $3646, making a few tests of this lower level. Green triangles on the KRI are confirming support. We are seeing a great deal of resistance at $3861, however, and are currently seeing a red triangle on the KRI just below this level. We will need a good burst of...
Bitcoin has inched higher, topping its previous high, but just barely. We are definitely struggling with $62.4K. There is still a great deal of excitement and exuberance in the crypto market over the new US ETF backed by Bitcoin futures. If the bull run continues, the next target is $64.3K. This is the last level before we can test all time highs again around...
Stocks have risen higher despite tapering and inflation worries. We have risen past the 4400 handle and have broken into the 4500 handle, but just barely. We have some key earnings today, so keep an eye on the news to determine if this rally will continue. We are starting to see some red triangles on the KRI suggesting that stocks may be facing some resistance....
Litecoin has rallied to the $190's, but has sharply retraced back to safety in the lower $180's. We broke through support at $184, but have held strong above $174. We are seeing some green triangles on the KRI at these lower levels suggesting support. If these lower levels don't hold, we can definitely expect support from $174 or $169. We must break through...
After a sharp dip to $3646, Ethereum has recovered some ground, but found resistance at $3861. We are finding good support in the $3700's. It appears that capital is flowing into Bitcoin leaving the altcoins lagging. Once traders take profit in BTC, we should see capital flow back into altcoins and Ethereum should rally again. If not, $3646 should provide...
Bitcoin continues to press higher, fueled by news of a Bitcoin ETF finally launching in the US. We have held strong under $62.4K, which we have added as a new technical level after $61.6K. We are but one technical level ($64.3K) away from all time highs at $64.8K. There does not seem to be much in the way between current prices and all time highs, but watch for...
Stocks have rallied to the mid 4400's, despite persistent inflation fears and a more hawkish stance from the Fed. We have topped off at around 4462. We came just a few ticks before the next level at 4487, before retracing. Currently, we are holding just above 4440. Two green triangles on the KRI suggest support here. The risk sentiment in the markets is...
The S&P 500 has drifted upwards, and is currently testing 4389. At the time of this writing it has barely broken through, hovering in the 4390's. The next target will be 4408. If we can muster the strength to hit that, then 4440 is the next target, a relative high before a vacuum zone to 4462, but we have several levels before 4440, so watch for some resistance...
Ethereum is testing the upper bound of the range at $3646. We are seeing a red triangle on this level suggesting we may feel some resistance. The Kovach OBV is very strong, so we may anticipate a breakout. Ethereum has held this range for more than a week, and the longer volatility has consolidated, the more likely a breakout is. If so, the next target is...
Litecoin has found support at $165, and rode momentum in the crypto market back just below highs at $184. We are seeing strong support at these lower levels, so if there is a retracement, they are likely to continue to provide support, and we will likely hold the range. The level at $184 is a barrier for now, but after, we have $191 and $195 the last levels...