quantguy

quantguy

Ethereum has retraced after rejecting the $2K's. We hit our target of $2025, then dramatically retraced back to support from a cluster of levels in the high $1800's, giving up the $1900's as well. We are seeing strong support forming at $1872, confirmed by multiple green triangles on the KRI. If support does not hold, we expect $1748 to be a floor price for...

quantguy

Bitcoin rejected higher levels at $25.1K, but is finding strong support at $23.9K. Support is confirmed by green triangles on the KRI. The Kovach OBV is still strong but has retraced slightly with the retracement. If current levels fail to hold, then there is a vacuum zone back to $22.4K. If we are able to pivot from current levels, we must first break $25.1K...

quantguy

The US dollar has continued to pick up, breaking back into a previous value area held at the end of July. We have breached 106.13 after a strong selloff from a 'beat' with CPI took us down to the 104's. We are in roughly the middle of a value area between 106.13 and 107.20. This latter level should serve as a hard upper bound unless momentum can come through. ...

quantguy

Stocks keep edging higher, breaking new relative highs albeit gradually. We broked from 4272 to 4293. The difference between daily highs is decreasing, suggesting a retracmenet could be near. If so, 4214, or 4188 are good candidates for support. If we are able to rally again today, then 4306 is the next target. This would also be the first technical level in...

quantguy

Litecoin attempted higher levels in the $60's, but faced strong resistance at $64.37. We appeared to make a valiant attempt at breaking through to $66.94, but retraced hard back to support at $61.75. This level appears to be holding so far, but watch the vacuum zone below to $55.84. We do appear to be seeing a large bull wedge forming since the end of July and...

quantguy

Ethereum reached our target of $2025, then sharply retraced. We gave up the $2K's entirely, and even cut through the $1900's, currently finding support in the high $1800's, in the thicket of a cluster of levels in this price area. The Kovach OBV is still strong, but does seem to have leveled off. News of 'the merge', a significant technical development and...

quantguy

Bitcoin hit our level at $25.1K exactly, before rejecting this hard and retracing back to support at $23.9K. A red triangle on the KRI at $25.1K confirms how much resistance BTC is dealing with at these highs. The Kovach OBV is still strong, however, but if we are able to pivot, we still must solidly break $25.1K before attempting higher levels. If support...

quantguy

Stocks opened near highs as investors digest last week's data. We have retail sales and housing data this week, which may contribute to a clearer picture of the Fed's plan for their September meeting. Currently, the estimate seems to be a 50bps rate hike, followed by a potential softening in policy stance. The S&P 500 hit our target of 4272, and seems to be...

quantguy

Gold has rejected higher levels, and retraced to support. Recall that we are in a previous value area between 1795 and 1815, which coincides roughly with the 0.618 Fibonacci level at around 1800. We should see support from the lower bound at 1795, and potentially pivot and test 1815 again. This level should provide formidable resistance, confirmed recently by...

quantguy

Litecoin has stabilized in the $60's, with $64.37 a consistent barrier. We made several attempts to break past this level but have been thwarted three times since mid July. The level $61.75 seems to be providing good support, but if not, there is a vacuum zone below to $55.84. We should have some further support at the base of the $60 handle first. If we can...

quantguy

Ethereum rallied significantly, reaching the $1900's. A softer Fed rate hike outlook has given virtually all markets, including the crypto market, the green light to rally. Additionally, a long awaited event for Ethereum known to the community simply as ' the merge ' is set to take place in September, which would offer significant upgrades to the Ethereum...

quantguy

Bitcoin surged past our resistance level at $23.9K. We came very close to our next target at $25.1K, before retracing back to support at $23.9K. Now that the markets feel that the Fed will start to soften their hawkish stance, markets have the green light to rally. But it has been slow and steady for Bitcoin. The level $25.1K remains an upper bound, and the...

quantguy

The US dollar has found some support from lows. The DXY has broken down into the 104's, but 104.83 has proven to be a lower bound. We appear to be seeing a double bottom there, and support is confirmed by green triangles on the KRI. We appear to be making an attempt for the 106's again, but our level at 105.78 seems to be prohibitive for now. We have broken...

quantguy

Oil has finally broken out, solidly reestablishing the $90's after spending a few days in the high $80's. We are still bound by $95.24, which has been our target and area of anticipated resistance since oil was in the $87's. We are seeing some red triangles on the KRI confirming strong resistance here. The Kovach OBV has picked up a bit, but it remains to be...

quantguy

Stocks have rallied, breaking through to higher levels. The markets seem to interpret recent economic data in a manner that suggests that the Fed is going to cool down their hawkish stance. Right now, a 50bps rate hike is expected for September (potentially the last one), whereas 75bps was not off the table before Wednesday's CPI. This was further supported by...

quantguy

Gold is consolidating in the narrow range between 1815 and 1795. Recall that this was a previous value area from a few months prior. We are wavering about 1800, which is a strong psychological level corresponding to the 0.618 Fibonacci level. The Kovach OBV has leveled off, suggesting that we need more momentum either way before making a significant move. We...

quantguy

Bonds have edged lower, breaking through support at 119'23. We have fallen to suport at 119'01, currently hugging this level, but finding good support confirmed by two green triangles on the KRI. The Kovach OBV has slipped a little, confirming the selloff, but has since appeared to level off. If we are able to pivot here, then 119'23 and 120'14 are the next...

quantguy

Litecoin recovered the $60's, breaking through $61.75, and holding just above this level. We pivoted from the high $50's, where we were wavering in the vacuum zone between $55.84 and $61.75. We are running into some resistance confirmed by red triangles on the KRI. If we retrace, we should find support in the high $50's again. If not, the next target is $64.37.