Hi there, here's what I can tell you.
A lot of things can effect your overclocking limits, including things like PSU and motherboard.
As mentioned above, your 4690k can reach ~4.4 ghz with an average cooling system, and considering that you're watercooling (albeit closed loop), I would put my money on being able to reach 4.6 ghz.
However, every chip is different and you might not be able to reach this number (or might be able to easily).
For tips on overclocking, disabling "CPU Spread Spectrum" is huge, and other cpu options in the bios. Here is a good video tutorial on how to change these settings in your bios, although it changes a bit from motherboard to motherboard. (https://www.youtube.com/watch?v=Qcta3RStYSM)
Once you've done your overclocking (say to 4.5 ghz) you need to check its "Stability" with some software like Prime95. By running a Prime95 stress test, the application will let you know if the check "failed" or simply give you a blue screen or freeze your comp. If that is the case, you need to pull back the overclock to something lke 4.4 ghz OR increase the voltage, which you can learn how to do (in very small increments) in the video above.
Normally, overclocking is very safe unless you really screw up the voltage, which is very hard to screw up if you increase the cpu voltage in very small increments and monitor your temps when running prime95.
All in all, good luck. I think you can push it further. Don't give up either, some of my best overclocks took ~6 hours messing with settings.