quantguy

quantguy

Bitcoin caught a nice pivot from lows around $18.6K. This has proved to be a consistent lower bound with $17.6K an absolute floor if a selling wick were to come through. We should have resistance from current levels at or near $20K. If we are able to break through $20.7K then $22.4K is the next target, but we don't anticipate much momentum before the FOMC tomorrow.

quantguy

Stocks caught a nice pivot from lows just above our level at 3827. We saw some volume come through and were able to break past a relative low at 3887. Currently a bit of a retracement is taking us below that level again. We won't expect much action from the markets before the FOMC, so current levels are likely to hold. Watch for support at 3827 again, and...

quantguy

Ethereum tumbled over the weekend giving up several key levels of support. We have fallen quite far from recent highs just below $1800. We saw support at $1547, then $1424 for a bit. But antoher wave of selling took us further down to $1341, and we have just broken lower. We should see support at $1235. This was the upper bound of the ranging during the...

quantguy

Bitcoin got slammed as investors brace for another rate hike this week. All risk-on assets are selling off with Dow futures falling 200 points, and the S&P 500 testing relative lows. Bitcoin gave up the $20K's, finding support at $19.5K for a bit. Last night support gave and we tumbled further to support at $18.6K. We are currently seeing support here...

quantguy

The US dollar has topped out at 110.20, our target from last month. The last time we hit this target was earlier this month, then the markets started to anticipate that the inflation had plateued, and we saw a significant retracement back to the 107's. However, they were proven sorely wrong as inflation came in strong with CPI last week. Even with this surprise...

quantguy

Stocks are edging lower yet again, as investors price in a potentially historic rate hike. In order to combat the highest inflation we have seen in 40 years, most agree that we are looking at a 75 bps rate hike , but some suggest it could be as high as 100 bps . However, multiple indicators suggest we are in the thicket of a recession, and after this rate...

quantguy

Bonds have continued their decline as the markets price in a potentially historic FOMC rate hike this week. Inflation data suggests that the Fed's rate hike trajectory is not really working and inflation is still soaring. On the other hand, multiple indicators suggest that we are in a recession, and the Fed will have to pivot their hawkish stance after this last...

quantguy

Litecoin gave up the $60's, extending as high as $66.94, before crashing back down to support again in the $50's. We broke through several key levels after global markets sold off following red hot US inflation data, which impacted nearly every market including crypto. Litecoin is currently finding support at $55.84, but appears to be hanging on by a thread. If...

quantguy

Ethereum has dumped, despite the fact that the long awaited 'merge' finally happened yesterday. We have been warning you not to get too excited over this and that it would probably end up in a pump and dump. As predicted, we got slammed back to the $1400's from just below $1800. The selloff coincided nicely with a tanking stock market, in addition to gold, and...

quantguy

Bitcoin has shown sustained weakeness, edging down, giving up the $20K's. We are finding support at the next level below at $19.5K. Several green triangles on the KRI are suggesting support here. If $19.5K does not hold then we will likely see further support at $18.6K, a longstanding level that has held strong through the toughest of markets. If we are...

quantguy

The US dollar rallied and the DXY has just about recovered highs established before the markets got hopeful and started to price in a plateauing CPI. The DXY fell to the 107's, but promptly regained footing when inflation came out hotter than expected. The Fed is expected to raise rates by up to 100 bps yet again, which is fueling yields and the dollar's rally. ...

quantguy

Gold has smashed through lower levels, giving up the 1700's entirely, and falling deep into the 1600's. We broke the lower anchor of our Fibonacci levels entirely, which we expected to at least provide some support. Currently we appear to have tested and broken our very last level at 1670. Inverse Fibonacci levels yield the next level below at 1658. The Kovach...

quantguy

Stocks got slammed yesterday after retail sales suggested several areas of the economy are being hurt by inflation. The Fed is still expected to hike rates, and some fear that this will tip us deeper into a recession. Stocks closed lower, extending the worst selloff in over two years. We broke support here at 3887, and appear to be testing 3867, but a green...

quantguy

Litecoin is holding its range after testing and rejecting higher levels in the $60's after US inflation data came in unexpectedly hot. We are currently wavering about the $60 mark, with some volatility above and below. We do not seem to even have the strength to test $61.75 the next level above, let alone make a run for $64.37 again. If we fall further then...

quantguy

As predicted yesterday, Ethereum saw great support at $1547, confirmed by multiple green triangles on the KRI. We are currently ranging, bouncing back and forth between this level and $1653. Recall that $1653 is the first of a series of resistance levels which extend through the $1700's. These are sure to provide resistance unless serious momentum comes...

quantguy

Bitcoin has edged lower, but is finding good support around $20K. We gave up $20.7K entirely, but are holding just above $19.5K. A wick tested this level and it held strong. Green triangles on the KRI further confirm the support here. If we are able to pivot, then $20.7K is almost sure to provide prohibitive resistance. If current levels break, then we will...

quantguy

Stocks are continuing to maintain a very narrow range after collapsing from the 4100's, and giving up the 4K handle entirely, to reclaim the 3900's. We are currently in between 3909 and 3963, and are likely to hold this range, as the markets are still digesting the red hot CPI inflation data. If we collapse further, then there is a relative low at 3887 that will...

quantguy

Litecoin showed real promise of regaining the $60's or pressing higher. We spiked up to $66.96, achieving yet another level higher than $64.37, our previous target. However we rejected this level hard, and smashed through $64.37 back to the base of support at $60. Currently we are clinging onto $60 for dear live, with the price at the time of this writing...