Ripple's sharp rejection from the upper bound of the Kovach Reversals Indicator has been followed by some consolidation at the central moving average. Additionally, the 0.75 Fibonacci Fan Level should provide support at $0.235. Elliott Wave Analysis suggests that we need to break highs at $0.296 or so in order to properly form Wave 3. If you like the Kovach...
Bitcoin has faced incredible volatility at relative highs, marked by very long wicks and doji candles. The Altcoin Index has pulled back and consolidated, forming the dragon head pattern that is characteristic of cryptocurrencies before another breakout. Several of the most significant Altcoins are exhibiting the dragon head pattern, indicating that, although we...
Every time Bitcoin takes a dip the bears come out and declare doomsday, but this pullback, like all others, will put them back in their caves. In fact, as the Kovach Altcoin Index and Crypto Spread Indicator demonstrate, both Bitcoin and Altcoins are getting hit hard by this pullback, so now is the time to load up. Anticipate more of a retracement as we complete...
Neo has faltered again along with the other cryptos, but appears to be weakening to an even greater extent, respectively. We appeared to observe a flash crash yesterday, yet the currency has since retreated to normalcy and found support at a Fibonacci Fan level of 0.5. Although we are still in a bull run marked by higher highs and higher lows, we are definitely...
IOTA has pulled back from highs along with the other cryptos. It has pushed the upper bound of the Kovach Reversals Indicator, but eventually faced resistance and has since pulled back, finding support at the Fibonacci Fan level of 0.75. If you like the Kovach Indicators, try them out for free !
ETC has emphatically rejected and retraced its gains with a two bar reversal candlestick pattern at the upper bound of the Kovach Reversals Indicator, but eventually finding support at a Fibonacci Retracement Level. Both Kovach Momentum Indicators are still bullish, and we are still in a bull trend, despite this massive retracement. If you like the Kovach...
Litecoin, along with Ethereum, faces a significant pullback, but respects support from two trend lines. The Kovach Momentum Indicators are still bullish, but levelling off. The Kovach Reversals Indicator marks rejection from the upper bound with a red triangle, confirming a rejection of highs. This rejection has likely formed wave 4 of the corrective segment of...
Consolidation in Ethereum has continued as it struggles with new highs above $500. The Kovach OBV, which measures longer term momentum is strong, but the Kovach Chande, which measures shorter term momentum, is wavering. We face continued resistance at the upper bound of the Kovach Reversals Indicator, augured by a red triangle on the 25th. The upper and lower...
Neo is failing to test new highs, which is foreboding. It appears to be consolidating into a bear wedge pattern, but the central moving average of the Kovach Reversals Indicator, and the 0.618 level of the Fibonacci Fan provides support. We appear to have completed the third wave of the impulse of the 5-3 Elliott Wave, and are in the fifth wave right now,...
Consolidation in Ethereum has continued as it struggles with new highs at $493.50. The Kovach OBV, which measures longer term momentum is strong, but the Kovach Chande, which measures shorter term momentum, is wavering. We face continued resistance at the upper bound of the Kovach Reversals Indicator, augured by a red triangle on the 25th. The upper and lower...
Bitcoin continues its spectacular bull run, crushing the sought after psychological level of $10K, and then some. Both Kovach Momentum Indicators are bullish and even accelerating, and we are consistently pressing the upper bound of the Kovach Reversals Indicator which has widened substantially. It faced a bit of resistance around $10.8K before briefly retracing...
Bitcoin is rapidly closing in on the prized $10K mark as other cryptocurrencies like XRP and NEO struggle to make new highs and maintain bull momentum. Both Kovach Momentum Indicators are bullish, and we've been encroaching on the upper bound of the Kovach Reversals Indicator for a while now. We appear to be in the third wave of the impulse wave of a 5-3 Elliott...
Similar to XRP, Neo is chugging along, but is struggling with making new highs. The Kovach Momentum Indicators are still bullish, but we are fairly far from the upper bound of the Reversals Indicator, which augurs more of a retracement. We appear to be in the final phase, wave 5 of an impulse of a 5-3 Elliott Wave, but we must make new highs to confirm this. ...
Ripple just can't seem to get the memo the bulls left for cryptos. It's facing strong resistance at highs, despite hugging the upper bound of the Kovach Reversals Indicator. Both Kovach Momentum Indicators are chugging along, so hopefully we can push past this resistance soon. The Elliott Wave is a bit foreboding as we are far away from new highs at $0.40. I'm...
Ethereum has pulled back from highs, after testing new highs and the upper bound of the Kovach Reversals Indicators. The Kovach Momentum Indicators are still bullish, but the Chande has pulled back slightly, indicating short term momentum has dropped off. Some retracement should be expected as the bands of the Reversals Indicators are extremely wide and must...
Bitcoin is still on a rampage, crushing new highs and testing that ever so sought after $10K mark. We are solidly pressing the upper bound of the Kovach Reversals Indicator, which usually portends a reversal, but there is overwhelming momentum confirmed by both of the Kovach Momentum Indicators. We appear to be solidly in Wave 3 of the impulse of a 5-3 Elliott...
Bitcoin solidly maintains its lead this morning over Altcoins, pulling back slightly from all time highs. The altcoin index has pulled back a bit further, respectively. This is confirmed by the Crypto Spread Index, which is still in BTC's favor, but wavering. Consider diverting some profits from Bitcoin to Altcoins, or 'HODLing'. Check out the Crypto Spread...
As predicted (see linked article), there was a brief respite in the USDJPY's tumble, marked by a morning star pattern, confirmed by a green triangle on the Kovach Reversals Indicator. Currently, we are in a vacuum zone and both Kovach Momentum Indicators are solidly bearish. Yields are lower, and there doesn't seem to be much on the horizon to lift the dollar...