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Quantguy

Litecoin Holds the $60'sLitecoin made a run for the $70's, with $73.62 providing resistance. This turned out to be a ceiling for now, and Litecoin dropped with the rest of the crypto market back to the $60's. We did not retrace the entire move back to the $50's, which is reassuring. We are currently seeing support in the mid $60's around our level at $64.37. A wick extended down to $61.75 which held nicely. Watch for Litecoin to range around these levels in the $60's as it finds footing. Beware of the vacuum zone below to $55.84.
BITSTAMP:LTCUSDShort
by quantguy
Bitcoin Gives Up the $20K'sAs predicted, Bitcoin retraced significantly, giving up the $20K handle entirely. It was looking like crypto was going to make a run for higher levels in the $20K's and bulls were already celebrating the next pump. However, reality set in and Bitcoin crashed through support at $20.7K. We are currently seeing support from $19.5K and are hovering below $20K at the time of this writing. This should provide some resistance. The Kovach OBV has dropped, but appears to be leveling off. We may seem some ranging here as the markets digest the drop and Bitcoin finds footing. If not, then $19K should provide further support with $18.6K a likely floor.
BITSTAMP:BTCUSDShort
by quantguy
1
Oil Maintains the $90'sOil topped out around $94 after breaking through our target at $92.03. We made a concerted effort for our next target at $95.24, but fell short just below $94. This was a high from the last attempt in early October, and may constitute a double top. We are not seeing a serious retracement, and are still holding the $90's. In order to press higher, we must break through $94 definitively. If support in the $90's does not hold, then $87.21 will likely be a floor price for now.
NYMEX:CL1!Long
by quantguy
Bitcoin RetracesBitcoin showed signs of strength, breaking through our target at $20.7K and making a concerted effort for the next target of $22.4K. However, we met stiff resistance around $21.4K and immediately retraced. We are seeing support at $20.7K, which once provided resistance, confirmed by green triangles on the KRI. The Kovach OBV has slumped, suggesting the bull run has receded for now. We are seeing a general (weak) bull rally, but this can easily be retraced if support breaks. If this is the case, note the vacuum zone below to $19.5K. If momentum can reignite then $22.4K is our next target.
BITSTAMP:BTCUSDShort
by quantguy
1
Oil Regains the $90'sAs we have been predicting for a while, oil has broken out into the $90's. There are only so many reserves that Biden can deplete in a frenetic attempt to improve his tarnished image before midterms. We have smashed through $90.06, which provided strong resistance and was a barrier for some time. We are currently testing $92.03 which was the exact target we predicted last week. Red triangles on the KRI are confirming resistance here. If we see a retracement we will find support at $90.06 again, or $88.74. Our next target is $95.24.
NYMEX:CL1!Long
by quantguy
Stocks Edge Higher but Face ResistanceStocks are edging higher, currently testing 3782, a level we have mentioned several times before. This follows a precipitous selloff, as the reality quashed hopes (as it so often does) of a dovish pivot in Fed policy. We collapsed from the 3900's almost 200 points, and found support at 3694 or so. We are currently seeing a tepid rally that is running into a lot of resistance at 3792, confirmed by red triangles on the KRI. If we reject current levels than 3694 should provide support. If we are able to break out then 3848 is a good intermediary target before the 3900's.
FX:SPX500
by quantguy
Litecoin Ripping After Moneygram AdoptionLitecoin has rallied tremendously, breaking through to the $60 handle. It had been meandering around in the $50's for months. A few attempts at the $60's were quickly thwarted, however, and we will see if Litecoin can hold these higher levels. The Moneygram news seems to be what spurred this rally. Adoption is one of the most important aspects for this coin in particular, which has been struggling to remain relevant on Coinmarketcap. We are currently meeting resistance from $64.37, but $61.75 is providing support. If support gives out, then we could retrace the entire move back to $55.84. If we can keep the momentum going, then $66.94 is the next target.
BITSTAMP:LTCUSDShort
by quantguy
Can Ethereum Continue the Rally?Ethereum has retraced from highs at $1653 to support at $1547. Support caved with the FOMC yesterday, but the price equilibrated just under $1547. At the time of this writing, we are just under this level, which appears to be providing resistance. If crypto can shrug off the Fed, we could make another run for $1653. After that, we will see formidable resistance from the $1700's. If we retrace further, then $1424 should be considered a floor for now.
BITSTAMP:ETHUSDShort
by quantguy
1
Bitcoin Continues to RetraceBitcoin has edged downward as hopes of a more dovish Fed were smacked down by the FOMC yesterday, which indicated further tightening is necessary. We have rejected $20.7K for now, but are meandering in the vacuum zone between this level and support below at $20K. The next target for support should be $19.5K. If this is just a pull back into a broader up-trend, then we must break through $20.7K before we can consider our next target at $22.4K. However, the Kovach OBV is weakening suggesting we will need more momentum to attain higher levels.
BITSTAMP:BTCUSDShort
by quantguy
DXY Gains off Hawkish FedThe US dollar benefited from a hawkish FOMC yesterday. The DXY was able to punch through resistance at 111.37 and 111.66. We seem to have solidified the 112's, at least for the moment, but a red triangle on the KRI is confirming resistance around 112.80, a bit shy of our next target at 113.38. This level will provide resistance, and it does not seem like we will have the momentum to break through and attempt our next target of 114.54. If we retrace, we should have support from those levels in the 111's.
TVC:DXYLong
by quantguy
Yesterday's FOMC: Reality Sets in for StocksReality crashed the party with stocks yesterday, as we have been predicting here. The FOMC event was still quite hawkish despite the market's anticipation that we would see some softening in rhetoric. This caused stocks to tank yesterday, with the S&P 500 falling through multiple levels to find support at 3758. European equities have softened which could portend another dump for the NAM session today. Additionally, eyes are on the BoE and we will see if their outlook matches that of the Fed. If we fall further, we could find support in the upper 3600's, with 3645 a likely floor. A rally will have to claw back through multiple levels. We don't see a rally strong enough to break through 3909 any time soon. The Kovach OBV is still very bearish, and it will likely take a few days for the market to price in the Fed's decision.
FX:SPX500Short
by quantguy
Litecoin Rallies Over 10%! Find Out Why...Litecoin has spiked dramatically with over a 10% move taking us up to the $60's. We reached our profit target almost to the cent, at $61.75. A red triangle on the KRI confirmed resistance there, and we are currently experiencing a bit of a pullback, retracing just below $60 at the time of this writing. At present, the only justification for this move seems to be that Moneygram users can now make payments in Litecoin , in addition to Ethereum and Bitcoin. Others suggest it may be related to the Dogecoin pump. If momentum picks up, we must break through $61.75 before we can consider higher levels in the $60's. If we are not able to sustain the momentum, then we are likely to retrace this move, where $55.84 will provide support.
BITSTAMP:LTCUSDShort
by quantguy
6
Ethereum Finds SupportEthereum has steadily edged downwards after reaching a significant high and profit target of $1653. We retraced gradually from there, but are still finding support at $1547, as anticipated here, with green triangles on the KRI indicating support. The Kovach OBV is steadily trending downward, so unless ETH can get a strong bid, we are at risk of retracing the move, if support fails at $1547. If so, then $1424 is the next level down. If we can break out again, we will run into resistance in the $1700's.
BITSTAMP:ETHUSDShort
by quantguy
1