quantguy

quantguy

Bitcoin Cash remains ranging in the $2400 handle. Along with IOTA, it seems resistant to correlate with the momentum (either bull or bear) in other cryptos. BCH remains just below the central moving average of the KRI, which should continue to provide resistance. The band width of the KRI indicator is contracting which could indicate a breakout is near. It...

quantguy

Stellar Lumens has continued to retrace, which should be understandable, as it rallied over 1000% in a matter of days. It is most likely forming a dragon head pattern, from which we will see some consolidation. We are currently hovering at about $0.65 though there is a 2.618 Fibonacci Extension Level at $0.68, where we can expect to consolidate before another...

quantguy

After a meteoric rise, rallying over 1000% in the past month alone, it finally appears to be forming a dragon head consolidation pattern. We’ve dipped as low as $0.62, but tested and rejected a Fibonacci level at $0.68. We are still testing the upper bound of the KRI, and are currently seated there at the time of this writing at about $0.74. Technically...

quantguy

Bitcoin Cash remains ranging in the $2300 handle, just below the central moving average of the KRI, though the band width of this indicator is contracting which could indicate a breakout is near. It does appear to be forming a massive dragon head pattern, and the Kovach Momentum Indicators are still bullish which may indicate that it is coiling up for another...

quantguy

Not much has changed since yesterday. IOTA is currently ranging with support from the central moving average of the KRI. It sits in the dead center of this indicator and has a long way to go, up or down. On the downside, it will find support at the lower bound of the KRI at $2.84, though it will likely first bounce off a Fibonacci level at $3.25, which is a...

quantguy

Ripple has pulled back from the $3 handle but stubbornly maintains footing at $2.80 at the time of this writing. We’ve had a prolific rally, over 1000% since early December, so some retracement is inevitable and investors should consider taking profits. We do have some support from a nested Fibonacci level at $2.53, but face resistance above at a Fibonacci level...

quantguy

After the retracement predicted in this newsletter, Neo appears to have solidified its footing in the $100 handle, at the time of this writing, sitting at about $100 exactly. We appear to be consolidating and will likely form a dragon head pattern, all too familiar in cryptocurrencies. We are still testing the upper bound of the KRI, which should provide...

quantguy

Unfortunately, the momentum from BTC has not spilled over to its ‘little brother’. Although we have seen slight green candle today, we are still bounded by the central moving average of the KRI at $267, and a congestion level which coincides with a psychological level at $250. We have gradually trended upward over the past couple days, which seems like a purely...

quantguy

Bitcoin has finally pulled ahead after some ambivalence yesterday. At the same time, the Altcoin Index has risen, but not quite in stride with BTC as it is hampered by pullbacks in Ripple and Ethereum. The Kovach Crypto Spread Indicator has finally tilted to Bitcoin’s favour, ever so slightly, though this is significant because it is the first time this has...

quantguy

Dat' Stellar Lumens (XLM). This coin has lived up to its name after blasting through technical and psychological levels before finding resistance at a Fibonacci Extension level of $0.93. This appears to mark the end of a prolific wave 3, and we will likely retrace at some point as we enter wave 4 of the Elliott Impulse wave. We currently sit well above the...

quantguy

Ripple continues to amaze at it smashes through psychological and technical levels and keeps making new highs. It bulldozed its way into the $3 handle, and comfortably sits at $3.25 at the time of this writing, showing no signs of giving up. At this point it is even threatening Bitcoin's marketshare after comfortably unseating Ethereum. Some retracement...

quantguy

Though we did briefly see $100 Neo last night, as predicted in this newsletter, we retraced sharply at the Fibonacci Fan level of $106, which coincides with the upper bound of the KRI. This likely is the beginning of the corrective impulse of the Elliott Wave. Neo found support from below at $91, the next Fibonacci Fan level, but fallout is likely to continue. ...

quantguy

Following in the footsteps of BTC, Litecoin has retraced significantly, though it unfortunately could not even test the central moving average of the KRI, like Bitcoin did. The Kovach OBV is still strong, indicating long term momentum is strong, though the Kovach Chande is solidly bearish, indicating that right now might be a buying opportunity. LTC is ripe for...

quantguy

After testing the central moving average of the KRI, Bitcoin has pulled back a bit. While the Altcoin Index has pulled back as well, it’s not quite to the extent of BTC, and thus Altcoins retain their lead over BTC as evidenced in the Kovach Crypto Spread. Both appear to be good options for investment at this point, in our opinion, but Bitcoin seems more...

quantguy

IOTA still appears to be in the doldrums, though it is gradually drifting upwards in a purely technical move. It will likely face resistance at $4.38, a Fibonacci Extension level, but has support from below at $3.88, the central moving average of the KRI. This seems to be very unimpressive for Wave 3 of the impulse segment of the Elliott Wave, as this is...

quantguy

Ripple continues to dazzle making new highs and completing Wave 5 of the impulse of its respective Elliott Wave. Though momentum seems strong as indicated by the Kovach Momentum Indicators, and the fact that we’ve been testing the upper bound of the KRI for some time now, some retracement is inevitable as we enter the corrective phase. The nested Fibonacci level...

quantguy

Neo continues to push higher, now comfortably seated in the $90 handle ($93 at the time of this writing). The psychologically and technically significant $100 mark seems comfortably within reach at this point, though we are currently facing some resistance from the upper bound of the KRI. A Fibonacci Fan level at $91 should provide support, though we are...

quantguy

Like BTC, Litecoin remains fairly lackluster in its attempt to push higher. Unlike BTC, it could not even test the central moving average of the KRI, currently sitting below it at about $243. Both Kovach Momentum Indicators are bullish, but fairly stagnant, accurately representing LTC’s recent behavior. We seem to have gotten off to an extremely sluggish start...