Bitcoin

Bitcoin caught a lift from a Musk tweet, but has since retraced its entire move just about. It appears to be happily situated between $31K and$35K. The Kovach OBV has flat lined suggesting that this should continue and may present some mean reversion trade opportunities. Keep in mind that the longer BTC consolidates, the more likely a breakout is. We will be seeing tremendous support from $28K, the lower anchor of our Fibonacci levels. we have broken out from the upper trend line and are currently finding support where it once provided resistance. This is a bullish sign.

Ethereum

Ethereum has retraced from highs, but it appears to be gearing up for another breakout. It is showing consistently higher lows, and a constant upper bound of 1424. This is showing us that it is coiling up like a spring ready to snap. We should have support from the lower trend line of our bull wedge pattern. If not, we will see support from the lower Fibonacci levels below at 1233, 1172, and 1111. When we breakout, 1546 is the next target.

Litecoin

Litecoin is ranging in tandem with Bitcoin. It is hugging the lower Fibonacci retracement levels with current support at 132 or so. Longer term support will include 124 and 111. Although this asset is trading sideways currently, it is consolidating suggesting it is building up for a breakout. The Kovach OBV is pretty flat, so unfortunately we don't have much technically to go by here. If we do breakout, 145, 154, and 166 are all targets. We have a ways to go before testing highs again at 186