quantguy

quantguy

Litecoin has found support just above $45.48, with several green triangles on the KRI confirming support. The Kovach OBV is still bearish, but we have inched back up to the midpoint of the range between $45.48 and $50.64, the latter a definite ceiling for current prices. We will see strong resistance from two levels in the low $50's, but if we can break through...

quantguy

Ethereum saw good support from our level at $1017, and has subsequently tested $1100. We did not see much of a pivot from lower levels, and are meandering around $1100 at the time of this writing. The Kovach OBV has slumped and is remaining at or around lows, suggesting we have very little momentum coming through. We will need more volume to come through if we...

quantguy

Bitcoin got good support from lower levels in the $19Ks, finding support just above our level at $18.6K. We have since retraced back near $20K, but are still holding the $19K's. The Kovach OBV has drifted back up, albeit very gradually. Volatility is consolidating which could suggest a breakout is near. If so, we must first clear $20.7K, which is the first...

quantguy

As anticipated yesterday, inflation data came in very close to double digits, which rocked stocks. Traders are now pricing in the potentiality of a 100 bps rate hike at the next FOMC meeting in late July , the largest increase since the 1990's . This has weighed on stocks which have tested the lower bounds of the range. So far we are seeing good support...

quantguy

Litecoin has trended down through the vacuum zone. Unlike other crypto's, we don't have a level in proximity, but it appears that we have found support above $45.48, and are currently hovering around $48 at the time of this writing. The Kovach OBV is in bear territory, but could be reaching a bottom. If so, we could make a run for the $50's again, with $50.64...

quantguy

Ethereum has continued to sell off, but is nearing the lower bound of the range at $1017. We are seeing strong support confirmed by several green triangles on the KRI. The Kovach OBV has formed a rounding bottom, which does suggest we may be bottoming out for now at $1017. If so, an upswing could bring us back to the $1100's, with $1235 a likely ceiling and...

quantguy

Bitcoin is maintaining the range as we anticipated. We are stuck between $18.6K and $22.4K, with a low at $17.6K. We have given up the $20K's and are trending to the lower bound at $18.6K, though we seem to be holding on to the $19K's. The Kovach OBV is trending downward, but may be leveling off suggesting that we could be nearing a bottom. Depending on the...

quantguy

The DXY has retraced from 108.50, which was our exact profit target, and one that we have been very vocal about. We have hit that target with suprising ease, however a red triangle on the KRI has confirmed resistance there, and we have subsequently retraced, but are still holding the 108's with ease. The DXY is clearly awaiting the US CPI print, and expectations...

quantguy

Oil caved through support at the base of the $100's, making its way down to $95.24. We expected this value to hold as a floor price, as discussed yesterday, and we just barely broke through, with a low just above our level at $92.03. We immediately equilibrated back to $95.24, and are currently testing the next level above at $96.88. A red triangle on the KRI...

quantguy

The S&P 500 has continued to retrace, leveling off around 3810. We are seeing good support here confirmed by green triangles on the KRI. The Kovach OBV has flatlined, suggesting we need more momentum to come through before anything exciting happens. We will need to wait for CPI to be released at 8:30 AM EST. As we discussed yesterday, the markets are awaiting...

quantguy

Litecoin has broken through support at the base of the $50 handle, to test lower levels in the vacuum zone down to $45.48. We are about midway between this level and $50.64, hovering around $47.49 at the time of this writing, which is a relative low from earlier this month. If we test lower, anticipate $45.48 to hold, but if not, there is another vacuum zone...

quantguy

Ethereum has continued to sell off from $1235, and has collapsed through $1100 to test the base of the $1K handle. We are just above our level at $1017. The Kovach OBV has dropped off sharply, suggesting that bear momentum is strong. We should see support at $1017, but if not, the next level is $940. If we do pivot, expect resistance at $1100, then $1235 again.

quantguy

A strong US dollar and slumping stock market have impacted Bitcoin, which sold off from the $20K's, giving up that handle and dipping into the $19K's again. We are seeing some meager support confirmed by green triangles on the KRI, as the Kovach OBV slumps with the selloff. We anticipate the range to hold between $18.6K and $20.7K, with $17.6K a likely floor. ...

quantguy

The US dollar has soared once again, likely off expectations for tomorrow's CPI print. Inflation is expected to surprise again , potentially in the double digits, as US consumers can surely attest. Inflation in Europe is nearing double digits as well. We hit our target of 108.50 with ease, after breaking through the previous target of 107.20 and crossing a...

quantguy

Stocks retraced as anticipate yesterday. We fell exactly to the intermediary level of support we suggested yesterday, at 3825. The Kovach OBV has topped and rounded off, suggesting the weak momentum we saw last week has dissipated for now. We won't expect to see any significant moves, as the markets are anticipating CPI data tomorrow. With all eyes being on...

quantguy

Litecoin briefly spiked up in price falling just short of $55.84. We saw immediate resistance just below this level confirmed by red triangles on the KRI. We have fallen back to support at $51.92, and $50.64. If these levels fail to provide support and we give up the $50's, then there is a vacuum zone below to $45.48, which is the next level of support. The...

quantguy

Ethereum has tested $1235 again, which has proven to be a hard upper bound once again. We have tested this level three times, unsuccessfully, within the span of a month. We are starting to see higher lows, consistently bound by $1235, suggesting that a bull wedge pattern is forming. If this is the case, we could be looking at a breakout soon to $1341. However,...

quantguy

Bitcoin rallied, but yet again, this has proven to be a bull trap. We found immediate resistance at $22.4K, one of our technical levels. Resistance was confirmed by a red triangle on the KRI, and we subsequently dumped back down to support at around $20K. Though we are seeing support at $20K for now, it looks quite weak, and the Kovach OBV is trending down. If...