quantguy

quantguy

Ethereum shot up after the CPI print yesterday. We solidly broke past resistance in the high $1700's, and smashed our target of $1821. We then blew past several levels in the $1800's, and hit $1900, where we finally retraced. Almost a $200 rally seemed a bit too ambitious for ETH for yesterday, but we are still solidly holding the high $1800's, with support...

quantguy

Bitcoin gained incredible strength after the CPI print yesterday, which came in 0.2% lower than the estimate, though still historically high at 8.5%. We blasted through our previous upper bound at $23.9K, and are currently contending with relative highs in the middle of the range at about $24.5K. The next level above and next target is $25.1K. If we retrace, we...

quantguy

The DXY tumbled off CPI, with 8.5% inflation considered a 'beat' because it came in lower than the estimate of 8.7%. The DXY broke the lower bound of the range at 106.13, and tumbled through the 105's, finding support in the 104 handle. We tested our level at 104.83, with a green triangle on the KRI confirming support. We then tested the next level above at...

quantguy

Stocks got a pump from CPI data yesterday. The figure came in at 8.5%, one of the highest in history, however the estimate was 8.7%, so it technically fell short of expectations, even though this figure is still well higher than normal. After this reading, the implied probability of a Fed hike of 75bps fell 30%, which gave the markets a green light to rally. ...

quantguy Updated 

Stocks have established highs, then immediately rejected them, and are continuing the sideways correction. We mentioned that 4178 and 4188 will be very hard to break, as they correspond to relative highs from a previous range held in June. We are seeing support from 4122, but we are on the precipice of a vacuum zone below to 4068. There is another vacuum zone...

quantguy

Litecoin retraced hard with the rest of the crypto market. We were able to establish $64.37, a relative highs, resistance level, and the target we announced at the beginning of this month. We noted that it was likely to see strong resistance here and that is exactly what we are seeing. We rejected $64.37 hard, and plummeted back into the $50's, currently in the...

quantguy

Ethereum broke through a cluster of levels in the high $1700's, briefly testing the $1800's, and coming very close to our target of $1821, where it rejected the $1800's hard. It has since plummeted through those levels in the $1700's, finding support at $1653, which is the first of the cluster of levels we mentioned earlier. We are currently finding support...

quantguy

Bitcoin has rallied to highs at $23.9K and immediately retraced to support just above our level at $22.4K, which we predicted here. That highs at $23.9K is a formidable one, and was expected to provide strong resistance. If we break through it, then $25.1K is the next target, but it will take a lot of momentum. We don't expect much action before the CPI print...

quantguy

What do the markets care about this week? We have another CPI print on Wednesday, which is highly anticipated. We are in a period of nasty stagflation and the Fed is caught in a difficult position. They want to raise rates further, but the issue is that our cause of inflation seems to be on the supply chain side. Interest rates will do little to combat this. ...

quantguy

Litecoin has come just shy of hitting our next target at $64.37, retracing sharply after rejecting this level. Resistance was confirmed by a red triangle on the KRI, then we promptly retraced back to support at $61.75. We are currently seeing support from this level. If things go south, we could break through to the vacuum zone below. The next support level...

quantguy

Ethereum made a notable run for highs, coming just shy of our target at $1821. We made it to $1790 or so, and were not able to test the $1800's just yet. However, we were able to break past that dense patch of levels in the $1700's, which started at $1653. We are currently finding support at the last of these levels, at $1748. If we see more momentum, we could...

quantguy

Bitcoin is facing resistance at $23.9K, exactly as we have anticipated, and have wrote about at length here. This is a strong technical level and is providing prohibitive resistance at the moment. The Kovach OBV is still strong, but it will take another burst of momentum to test higher levels. If so, then $25.1K is the next target. If we reject current levels,...

quantguy

Stocks got a nice lift yesterday, but faced resistance exactly where we anticipated, at 4188. We faced strong resistance there confirmed by multiple red triangles on the KRI. These levels also coincide with highs from earlier in June, so it will take formidable momentum to break through. We are seeing strong support from 4144, and will have further support from...

quantguy

Gold is testing the low 1800's, breaking past 1800, but just barely. We are currently sitting at 1805 at the time of this writing. We appear to be forming a bull wedge pattern, potentially gearing up for a breakout. The Kovach OBV is still bullish, potentially indicating a bull divergence. If we are able to break out, then the next target is 1815, then 1826,...

quantguy

Litecoin has pumped hard, coming just below our target of $64.37. We are seeing strong resistance here confirmed by a red triangle on the KRI. Nevertheless, we have broken through strong resistance at $61.75, which remained a barrier for LTC. If we can solidly break $64.37, then the next target is $66.94. If we retrace, then we should have support at $61.75,...

quantguy

Ethereum has broken through a cluster of resistance levels in the $1700's. Just a few days prior, we were having issues with $1653, the first of these levels, but have managed to punch through resistance over the weekend. We are currently contending with the last level at $1748. Though we have broken through (currently in the $1760's at the time of this...

quantguy

Bitcoin got a strong burst of momentum, taking us to the next target of $23.9K. Currently, we have broken just past that level and are testing $24K. We are seeing genuine momentum come through and the Kovach OBV has picked up to confirm it. We are on the precipice of the vacuum zone to $25.1K, which is our next target. If things turn south, then we could...

quantguy

Oil has bottomed out just about our level at 87.21. We have broken through levels in the 90's, giving up that handle completely. The Kovach OBV is very bearish, confirming the momentum from the selloff. If things pick up, 90.06, which once provided support, will now provide resistance, and is our next target. If the bear momentum continues, then 85.55 and...