quantguy

quantguy

Litecoin has pivoted off of the low $50's, blasted through $55.84, and crossed the vacuum zone to reclaim the $60's. We are currently testing $61.75, which provided prohibitive resistance. We are currently contending with this level, and starting to run into resistance. The next level is $64.37 if we are able to break through. If not, we could fall all the way...

quantguy

Ethereum blasted through $1653, the first of a series of resistance levels extending into the $1700's. We are starting to see resistance here, as we are running into this cluster of levels. We should see continued resistance, but if we are able to continue to break through, then $1821 is the next target. If we retrace, then $1547 should provide support after $1643.

quantguy

Bitcoin shot up after the stock market rallied yesterday, and the US dollar fell on a retracement. We were able to jump past $19.5K, which was a significant barrier earlier. After this, we made a run for $20.7K, where we are beginning to run into resistance. If we are able to continue the rally, we should enter the vacuum zone between this level and $22.4K. If...

quantguy

Stocks snapped a losing streak yesterday as they gained strength off of Powells comments. The Fed is still expected to hike rates in September, with a 75 bps hike increasingly more likely. However, if and when inflation eases, we should see a more dovish stance. The S&P 500 broke through our target and upper bound at 4009, but is wavering in the vacuum zone...

quantguy

Litecoin saw a strong pivot from lows. We anticipated the low $50's to provide support. We broke through $55.84, which has given LTC trouble in the past. We are currently stalling just above this level, but if more momentum comes through we could easily cross the vacuum zone and test $61.75 again. We should see strong resistance there, however. If things turn...

quantguy

Ethereum pivoted from $1547, after breaching this level briefly. Swift momentum took us back to $1653. Recall that this is the beginning of a series of levels extending through the $1700's, which will provide resistance. It will take significant momentum to break through. Though the Kovach OBV has picked up sharply, we will need more follow through if we hope...

quantguy

Bitcoin has pivoted from lows, but can't seem to break through to the $20K's. It is currently struggling with $19.5K, the next technical level below $20K. The rally seems weak and sufficient momentum will be needed to take us back to $20K. Support at $18.6K should hold, but if it does not, then $17.6K is the next level below that.

quantguy

After establishing new lows, stocks pivoted back to 3978, just one level below 4009, our target from yesterday. We are seeing red triangles on the KRI, indicating some resistance but if we can break through, 4009 is the next level to break before we can consider higher levels. If we reject this level, we could easily retrace the entire move, and head back to...

quantguy

Litecoin made a valiant attempt to solidify the $60's, but a strong selloff sent us straight back to the mid $50's. We broke through support at $55.84, and are in the middle of the vacuum zone between this level at $51.92. The low $50's should continue to hold in the event of another selloff. At this point, $55.84 will provide resistance if we are able to...

quantguy

As predicted, Ethereum collapsed from $1653. This happened for two reasons that discussed yesterday: We noted that this was highly likely as it was a primarily retail driven rally from hype off 'the merge'. Also, $1653 is the first of a cluster of resistance levels extending into the $1700's. It will require sufficient momentum to break through these. The...

quantguy

We have been calling for Bitcoin to return to $18.6K since its meager rally through the $20K's. Finally, Bitcoin caved and hit our target. We had been wavering around $20K since late August and finally support gave. Indeed $20.7K proved to be a hard upper bound, and our newly drawn level at $19.5K could do little to provide support. However, as discussed here,...

quantguy

Stocks broke through relative lows at 3909 as anticipated. We gave up the 3900 handle entirely, and broke down into the 3800's, but found immediate support at 3887. We are testing 3909 from below at the time of this writing but the S&P 500 looks pretty weak. The Kovach OBV is on a steady downward decline, and we keep breaking levels from below. We should have...

quantguy

Gold tanked again, but as predicted, found support at 1705, the last level of the 1700 handle. We knew the small rally we saw the last time we tested 1705 would be short lived as it barely moved the dial on the Kovach OBV. Also, we ran into resistance from the 0.236 Fibonacci level, and just did not have enough momentum to break through. These two factors both...

quantguy Updated 

Ethereum has shot up to $1653, the first of a series of levels which extend into the $1700's. This rally appears largely retail driven, with news about 'the merge' permeating social media and lifting hope. The Kovach OBV has edged upward, confirming the steady but meager momentum. If we reject current levels, then $1547 or $1424 should provide support. If...

quantguy

Litecoin made a run for our target at $61.75. We wicked a bit higher than this level, but a red triangle on the KRI indicated swift resistance and we plummeted immediately afterwards, back to the high $50's. We appear to be teetering in the $59-$60 area, forming value. If this value area does not hold, we could easily test $55.84, and if that does not hold, we...

quantguy

Bitcoin is hugging lows at our new level at $19.5K. A strong dollar and recession fears seem to be weighing on cryptos. The Kovach OBV is bearish, but appears to be picking up slightly, which could suggest a bear divergence. We could easily make a run for $20.7K if caught a burst of momentum. However, technically BTC does look pretty weak and if $19.5K does...

quantguy

The US dollar has shot higher, blasting through our target of 109.86, and hitting our next target of 110.20 exactly before retracing slightly. We frankly thought it would take longer to hit this level, but the DXY clearly has a lot of momentum. The Euro is now below parity and bond yields are soaring, which has contributed to a strong dollar. A technical...

quantguy

Stocks opened the APAC session weak (as expected). The markets appear to still be pricing in the recession and the results of the FOMC September 21. We aren't likely to get much of a break in stocks until after this rate hike, which some conjecture might be the last . The S&P 500 saw support from 3909, which was an auspicious level corresponding to a July low....