quantguy

quantguy

Litecoin shot up after smashing through our resistance level at $55.84. We had been oscillating between this level and the low $50's for since the end of August, and just recently were able to break the upper bound definitively. We are just below $60 at the time of this writing and if momentum continues, the next target is $61.75. We should run into some...

quantguy

Ethereum is seeing a small breakout after meandering in the low $1600's. We are heading up to $1653, the beginning of a series of levels that will provide resistance into the $1700's. If we can break through all that, then $1821 is the next target. If we reject current levels, then $1547 should provide support then $1424.

quantguy

Bitcoin is still wavering in the neighborhood of $20K. We dipped several times into the $19K's with $19.5K a consistent lower bound, thus we have added it as a new level. If support breaks here, then $18.6K is the next level down. If we are able to build some momentum, $20.7K should provide resistance, then $22.4K is the next target after that. The Kovach OBV...

quantguy

The US dollar has broken through highs and hit our exact target at 109.86, before retracing slightly. The headline Nonfarm payrolls today was a miss, suggesting weakness in the economy which might effect the rate hike probabilities slightly, but we are still expected to see a 50-75 bps rate hike this month. That being said, the hawkishness of the Fed is likely...

quantguy

Oil saw support at $85.55, confirmed by many green triangles on the KRI. As anticipated, we saw a nice pivot there, bouncing back just below $90. We are currently testing $88.74, but a red triangle on the KRI is confirming resistance. Recession fears, bolstered by the non farm payrolls headline miss, will likely weigh on the price, however supply side shortages...

quantguy

The S&P 500 caught a small rally yesterday, but it could be short-lived. After such a strong selloff, we were due for a relief rally at some point. It appears the markets are still pricing in what the Fed will do this month at their FOMC meeting, but a 50-75 bps is the most likely. We tested the exact level we predicted at 3909. Subsequently, we bounced back...

quantguy

Gold has pivoted off 1705, the last level in the 1700's. It made a run for higher levels in the 1700's but fell short before 1729, the 0.236 Fibonacci level. The Kovach OBV is still pretty bearish, and it appears that momentum has petered out for now, so this is likely just a relief rally. If so, watch for further support at 1705, then the next levels are 1692,...

quantguy

Bonds fell again, hitting our next target at 115'29. Yields are creeping up as the markets are pricing in the next rate hike, expected to be 50-75 bps . Nonfarm payrolls gave us some insight into economic conditions: unemployment rose to 3.7%, with a headline miss and downward revision. This suggests that the economy is weakening further, and we are in a...

quantguy

Litecoin has made a run for highs, testing our level at $55.84. We are seeing a lot of red triangles at this level, suggesting that this is an auspicious level for LTC and it will take quite a bit of momentum to punch through. We are seeing quite a bit of volatility, and are rapidly oscillating between $51.92, and $55.84. We do seem to be tending toward this...

quantguy

The impending 'merge' this month is apparently doing little for Ethereum. We seem to see small pumps in the APAC session, which fade quickly in the NAM session. Yesterday, we managed to break $1547, but have since retraced to support here. If this level breaks, then $1424 is the next level below. If we can pivot off $1547, then $1653 is the next target, where...

quantguy

Bitcoin is wavering in the neighborhood of $20K. It keeps teetering around this level, having recently given it up in favor of the high $19K's. We do not seem to have much momentum in cryptos at all, and the stock market selloff and recession fears certainly won't help things. Bitcoin is likely to face another dump before buying interest returns. If so, watch...

quantguy

Oil has tumbled, giving up the $90's entirely, and plummetting deeper into the $80's. We have breached $90.06, and several levels after that in the upper $80's. In particular, $87.21, our target from yesterday, was hit exactly (to the tick) and is currently providing support confirmed by a green triangle on the KRI. If we plummet further, our next target is...

quantguy

Increasingly more market participants seem to be realizing that we are, in fact, in a recession, despite what our overlords are proffering in the propaganda outlets. The S&P 500 has careened into lower levels, finally finding support just one level above that which we predicted yesterday at 3909. Indeed, 3928 seems to be holding, with green triangles on the KRI...

quantguy

Litecoin has been holding the range in the low $50's. We tested $55.84 a few times, but red triangles on the KRI confirmed resistance. We subsequently sold off, but our levels at the base of the $50 handle provided support. Currently $51.92 is holding, but if not we should have strong support from the level below at $50.64.

quantguy

Ethereum has gained some strength pivoting off $1424, and breaking through $1547. We are making a run again for $1653, but encountering solid resistance confirmed by multiple red triangles on the KRI. Recall that we are encroaching upon a cluster of resistance levels starting at $1653 and extending through the mid $1700's to $1821, our final target if we are...

quantguy

Bitcoin has edged higher, hugging the $20K level. We have broken just above this level but are still a bit far from $20.7K, a technical level Bitcoin has tested many times over the past few months. The Kovach OBV is very bearish, but does appear to be leveling off. We must first break $20.7K before testing higher levels the next of which would be $22.4K. If we...

quantguy

Oil plummeted off recession fears , rejecting the mid $90's. Technically we are already in a recession (by multiple metrics) but our puppet masters would like us to think otherwise, constantly chasing hope like a carrot on a fishing pole. We slammed past multiple levels in the $90's, giving up the $90 handle entirely. We are currently testing $88.74, with the...

quantguy

The S&P 500 has slipped further after making a run for higher levels. Yesterday, we tested two levels that we have been identifying as targets for weeks now: first we touched 4009, then made a brief pivot to 4068, where we saw immediate resistance, confirmed by red triangles on the KRI. We subsequently plummeted as the risk off tone permeated the markets. We...