Litecoin has extended our the corrective phase of our Elliott Wave corrective impulse. It has extended past wave 2 at $124 to find support at a Fibonacci level below at $117. This has invalidated the wave rendition and is usually a bearish sign. However, we appear to be finding support at current levels, and even appear to be forming an inverse head and...
Stocks are ranging at highs. There is a divergence between the price action and the Kovach OBV. This suggests that the momentum just isnt there and a correction may be in store. We should see some support at 3759, a technical and Fibonacci level. Also 3739 and 3695 should provide major support. The next target after current highs is 3856, a Fibonacci extension level
Bitcoin saw quite a correction over the weekend. This is typical for cryptos who tend to see a lot of action on Saturday or Sunday nights. We definitely appear to be in the corrective phase of a 5-3 Elliott Wave. It is likely that we will see another burst of momentum sometime soon. If not, we could retrace further to $31.6K or even $28.5K and still be...
Ethereum had a nice correction. It looks like it is definitely in the corrective impulse of the 5-3 Elliott Wave. If momentum does not pick up, we might hit $954. If that does not hold we will definitely have support at $860. After that, we should get a nice burst of momentum back to highs, or one of the Fibonacci levels in between, $1030, $1105, or $1211. ...
Litecoin has corrected quite hard, harder than most of the other cryptos. This should be considered a buying opportunity. This does appear to be the corrective segment of a 5-3 Elliott Wave. If support at $130 does not hold, we should have support at $124. If it dips any further, this will invalidate the pattern entirely. Once we get a burst of momentum, this...
Bitcoin is not the only crypto mooning. Ethereum is smashing through levels as well, gradually sniping our profit targets one by one. The next level is $1325. we will have support at $1216, close to current levels. But we could retrace as low as $1038, so be careful. The Kovach OBV is been extremely strong but has accounted for the volatility here. The...
Litecoin is very close to making new highs. We set the profit target of $173, and it smashed this, though it did retrace slightly to find support at $153. The next target is $194. This is a bit more generous than our targets for BTC and ETH. Litecoin is one of crypto's best kept secrets, though it does look like others are finally catching on.
Bitcoin has already hit our next profit target at $41.9K. This is a Fibonacci extension level, and BTC just keeps sniping them one by one. The next target is $44.9K. We saw some volatility which is anticipated after so many days of aggressive growth. There has not been a single significant retracement for weeks. If you do fomo into a trade, consider that it...
Stocks broke past new highs, hitting our profit target. The S&P is facing resistance at 3825, and it is reasonable for it to retrace. There is not a lot of momentum to this rally as measured by the Kovach OBV. New highs should take some momentum to punch through. If we do retrace, we could find support at 3792 and 3784, which are nearby technical and Fibonacci...
Bitcoin has made new highs yet again. It came just shy of our projected profit target of $38.6K. This appears to be the first leg of the next Elliott Wave impulse. Watch for a small retracement soon. If so, $34.4K will provide support. The Kovach OBV is still very bullish, so there is no reason to anticipate a reversal any time soon. However, the longer it...
Ethereum has made new highs again, reaching exactly our profit target that we have been proffering in these briefings. This target was $1216 and we've been pretty vocal about it. Our target time frame was two weeks, and it reached the target in 3 days. This is a bit concerning, as we'd like to see some ranging as the product should find footing in its new...
Litecoin has been a bit more modest in its ascent. It has reached our profit target of $173. We are likely to face some resistance here, and there are lots of support levels below. A significant dip could take us to $153 or even $140, and this would still be considered bullish. There seems to be a divergence between the Kovach OBV and the price, which is a bit...
Stocks did not seem to care about the revolution in DC at all. They have retreated from the massive correction on the 4th to highs again, finding support one level below all time highs at 3758. Interestingly there is a divergence between the Kovach OBV and the price which suggests we should see lower levels again before breaking out further. The levels 3737 and...
Ethereum has met its relative high, and is finding resistance there. This looks like an extended fifth wave in the 5-3 Elliott Wave. Watch for it to retrace a bit then break out further. The target is still $1261, a Fibonacci Extension. We are currently just shy of that at $1163, which has proven to be another technical level. The Kovach OBV is strong but...
Bitcoin has made new highs yet again. It has hit our exact price target, which was established using our Fibonacci extension levels. It is likely that bitcoin will come up for air at some point and retrace or stabilize. This does appear to be the first leg of the next 5-3 Elliott Wave, so we may see a dip to $34.4K or $34.2K, both Fibonacci levels. The next...
Stocks are extremely volatile lately. It does not seem like they've gotten the risk on memo that caused bonds to collapse last night. After that dip, it still seems like the S&P is feeling out current levels, between 3676 and 3737. The Kovach OBV has tanked but is currently flat lining, a testament to the ambivalence. Keep in mind, that even if it were to...
Bitcoin gave us a wild ride yesterday, which can be very scary for new comers, or even experienced traders alike who where caught off guard. This is typical behavior for bitcoin after a large rally and characteristic of the third phase of the dragon head pattern (a ghostsquawk exclusive technical pattern). What's next is that we will see some consolidation. In...
Ethereum appears to be in the final consolidation phase of the dragon head pattern. ETH too, is likely to have a bullish breakout. If so watch for our Fibonacci extension at $1216 for a target. Be careful, because there are large vacuum zones being formed by ETH's explosive growth. The Kovach OBV is very strong suggesting there is some serious buying momentum here.