quantguy

quantguy

Bitcoin pivoted off of $18.6K. We anticipated support off of this level, and a bid in risk-on assets combined with a selloff in the USD was able to lift BTC to $19.5K. Currently, this level is offering significant resistance, although the Kovach OBV has picked up a bit. We don't anticipate much more action, but if so, $20K is a likely ceiling. We expect a...

quantguy

The DXY saw the retracement we have been discussing today, owing to a massive rally in the Sterling and Euro after the BoE bought UK bonds. This is likely to be temporary, as persistent hawkish Fed rhetoric is likely to keep interest rates high in the US, boosting the dollar further. We are currently seeing support in the 112.70's just a bit below where we...

quantguy

Stocks caught a massive bid, breaking through highs, and finally met resistance at 3737. The Kovach OBV has picked up substantially, validating the pivot. It is likely this rally is transient and we will retrace back to lows or support around 3645. But if we can break through 3758, there is a vacuum zone until the next target at 3792. We can expect 3800 to...

quantguy

Gold caught a massive bid off Bonds and the selloff in the US dollar. We broke several levels above to finally run out of steam exactly at our level of 1670. Although the Kovach OBV picked up, resistance kicked in and we appear to be taking a breather. It is likely that the rally is transient and we will retrace soon. The first level to provide support will be...

quantguy

Litecoin made a run for $55.84 as we mentioned in the reports yesterday. This proved to be a hard upper bound, as anticipated, and prices quickly retraced back to support in the low $50's. Currently, $51.92 is holding, and this should come as no surprise to dedicated readers who have heard this level called out over and over again. If support does not hold then...

quantguy

Ethereum rejected $1424 hard, after making a run higher. We pivoted from $1235, however this was short-lived and just about the entire move was retraced. We are currently finding support just above $1235, confirmed by green triangles on the KRI. If support holds then we may attempt another bounce that is almost sure to meet resistance at $1341. If support...

quantguy

Bitcoin saw a brief divergence with risk-on assets, as we commented yesterday, which proved to be a fluke. We mentioned that we would see resistance around $20K, which is exactly what happened. Prices were quickly batted down to $18.6K, which we also anticipated would be the case. From here, it is critical that levels hold, or we will establish lows again of...

quantguy

The US dollar has broken out, as we anticipated yesterday. We inched above highs established at 114.54. Although red triangles on the KRI are confirming resistance at these highs, we appear to have broken out from the bull wedge pattern discussed yesterday. If we are able to break through then our next target is a bit aggressive at 120.66. However we are...

quantguy

Stocks have broken through lows once more. We formed a bit of a range between 3645 and 3714. This narrow range did not last long, and we have subsequently broken through the lower bound establishing new lows. It does look like we are currently finding support at 3624, which was our exact target from yesterday. The Kovach OBV has slumped, indicating we have...

quantguy

Litecoin benefited from a massive rally in crypto, pivoting off of $51.92. We crossed the vacuum zone with ease and are currently testing the next level at $55.84. This level should be very familiar to dedicated readers. As anticipated, we are seeing resistance here, confirmed by a red triangle on the KRI. If the rally continues, we could easily make a run for...

quantguy

Ethereum found good support just above our level at $1235 with green triangles on the KRI suggesting strong support around $1280. From there, we experienced a massive rally, in the face of persistent malaise among risk-on assets. We broke through $1341, the next level above, with ease. We are currently facing resistance, confirmed by a red triangle on the KRI,...

quantguy

A strong buying impulse in Bitcoin pushed us past $19.5K and hit our target and anticipated ceiling of $20K. As anticipated, we are seeing extreme resistance here, confirmed by a red triangle on the KRI. The Kovach indicators are very strong, suggesting that this rally has some momentum behind it. This stands in stark contrast to persistent selloffs in...

quantguy

The S&P 500 is still in bear-mode, though it appears to have found some support at 3645 as we reported yesterday. We do appear to be seeing some meager consolidation with a narrow range forming between this lower bound and 3714. A red triangle on this level confirms strong resistance. The Kovach OBV does appear to be trekking upward, which may indicate that a...

quantguy

Litecoin has rejected our level at $55.84, and has steadily trekked downward. We are sure to see support from the low $50's as we have seen consistently. Indeed, $51.92 and $50.64 should continue to provide support, but if not we have a vacuum zone down to $45.48. If we pivot from lower levels, we could retest $55.84, but it will take significant momentum to...

quantguy

Ethereum has tested our level at $1341 several times over the weekend, but it has provided significant resistance with several red triangle on the KRI confirming resistance. We are gradually trending down with the rest of the crypto markets, meandering in the vacuum zone between this level and $1235. The latter should hold as a lower bound, but if not, then...

quantguy

Bitcoin is trending downward as the markets digest a persistent risk off tone and increased Fed rate hike trajectory. We are edging toward our supporting level of $18.6K. This level should provide support but if not, $17.6K is the next level after that. If we pivot, we must break $19.5K before attempting $20K again. It will take significant momentum to break...

quantguy

The DXY has blasted through highs, one of the only assets we cover that is benefitting from the current state of the economy and the outlook of the Fed. We have resorted to Fibonacci extensions to project the next targets. Our next target of 114.54 was hit to the tick, and as anticpated, we are pulling back a bit from this target. Support in the 113's is...

quantguy

Persistent rececession fears have slammed oil. A momentous selloff has blasted through the $80's, digging deeply into the $70's, currently feeling out the high $77's at the time of this writing. We are getting support from just above $77.56, but are edging lower and things are looking very bearish. The Kovach OBV has pressed lower and is showing little signs of...