quantguy

quantguy

Litecoin made an attempt at higher levels, testing $45.48 and rejecting it swiftly. A red triangle on the KRI confirmed strong resistance at this level. We are currently establishing value in the vacuum zone between $45.48 and $39.05. The Kovach OBV is solidly bearish, and if we do see a rally it will likely be just a technical retracement. The crypto market...

quantguy

Ethereum appeared to be forming a consolidation pattern around $1235, and was looking like it was thinking about breaking out. However, we sold off further, and broke down to $1017, where we finally saw support. We do appear to be finding a small pivot at this level, but we have a surprising lack of follow through and volume, even at these prices. It seems...

quantguy

Bitcoin broke down past $20.7K making yearly lows. We have broken past many strong support levels, confirming the bear trend. The next level is a major Fibonacci level around $19K, which we anticipate to hold and potentially be a bottom. The Kovach OBV is solidly bearish, and the crypto market is severely oversold. If we somehow catch a relief rally or pivot...

quantguy

A technical retracement has taken oil back to 116, exactly as we anticipated. Recall that we suggested that oil will range for a bit between 116 and 122. The high at 122.95 will provide strong resistance for the moment, but eventually we see it pushing higher. There are few reasons to believe lower oil prices will come our way, but if we break past 116, we...

quantguy

Stocks are hovering at lows, establishing value in the mid 3700's. The S&P 500 is clearly waiting for the FOMC event today, so don't expect much action at open. The Kovach OBV has picked up a bit, and we have found support in the low 3700's. We appear to be forming a small bull wedge pattern with a neckline at 3758. If we do break out, we should find immediate...

quantguy

Litecoin plunged deeper finding support at the base of the $40 handle, just above our next target below at $39.05. After that, we saw a nice pivot back to $45.48, which appears to be holding as a resistance level. We are seeing a lot of volatility between $40 and $45.48, which typically signifies a bottom, but in these markets we can't be sure. We expect...

quantguy

Ethereum plunged deeper into the $1K's, smashing $1235, and penetrating the vacuum zone between this level and $1017. Recall that $1017 is an extremely relevant Fibonacci level drawn at day level granularity. This is the level that is the barrier between ETH and 3 digit prices. The Kovach OBV is solidly bearish, but we seem to have pivoted from the high $1K's...

quantguy

Bitcoin extended its decline all the way down to $20K. We fell down to our lower level at $20.7K exactly, before we finally got a pivot back to $22.4K, where we are establishing value now. This is exactly the type of pivot we would expect from crypto at a relative low. It is unlikely that Bitcoin will dump much further, for now at least. But the Kovach OBV is...

quantguy

Oil has gotten support from just above $116, which we anticipated to hold as a lower bound. It hit our target of $122 before a technical retracement brought us back to lower levels. We knew this would only be transient and sure enough, oil is back to relative highs, just a few ticks below our level at $122.95. The Kovach OBV is still strong, so there is no...

quantguy

The S&P 500 has dumped further, and we are well below previous relative lows. It was pretty much a straight dive from the 4100's to the 3700's, with very little buy back or even a sign of a technical retracement. We do appear to be finding support at 3758, with a wick extending down a bit further to 3714 or so. After that, we got a small pivot back to 3792 or...

quantguy

Litecoin got smashed with the rest of the crypto market as the APAC session reacted to soaring US inflation data released on Friday. We have sliced through major levels to find support in the $40's. It is difficult to imagine that in our last report on Friday, the support level was $61.75. We've since broken through lows at $55.84, then $51.92, then $45.58. It...

quantguy

Ethereum got clobbered with the rest of the crypto market this weekend. It is hard to imagine we were testing the $2K's just a few days ago, giving up several major levels of support since then to find support in the $1200's. Ethereum seemed to have taken the brunt of the crypto selloff of Friday, but the rest followed as APAC digested US CPI inflation data. ...

quantguy

The crypto market was absolutely annihilated last night as the APAC session sold off hard in reaction to the CPI print on Friday as well as their view of the Fed's reaction to it. Bitcoin smashed through the lower bound of our range at $27.9K. We had been holding this range for one month. We warned that Bitcoin holding a range for that long with such little...

quantguy

Stocks got slammed as investors in the APAC session price in soaring US CPI inflation data released on Friday, which came in at a 40 year high. The markets are also reevaluating the Fed's rate hike trajectory in light of these numbers . Barclay's anticipates a 75 bps hike now, and bond yields have soared. The S&P 500 has gotten crushed, slamming through all of...

quantguy

Bonds have gotten slammed as yields have soared, smashing through several levels below when we've reported last, as the APAC session prices in CPI data from Friday. We smashed expectations for inflation and investors are rushing to price in the Fed's reaction. Barclays thinks that they will raise rates by 75 bps in order to counter these soaring numbers. We...

quantguy

Ethereum sold off massively yesterday, and the bleeding has continued today. We have given up the range it was struggling to hold for the latter half of May and the beginning of June. It is difficult to say how low it can go at this point, as we have smashed through several key levels and are currently in the vacuum zone between $1547 and $1424. The lack of any...

quantguy

Litecoin has finally broken down through the lower bound of the range it has been holding since the end of May. We saw strong support from $61.75, but this caved yesterday, and we have since broken into the vacuum zone between $55.84 and $61.75. We do appear to be seeing a bit of a bull divergence in the Kovach OBV, which appears to have picked up, but the rest...

quantguy

Ethereum has found support in the low $1700's, and made an attempt for the $1900's eariler this week. But this rally was quickly faded and we are currently back to support just above our level at $1748. We are currently in a range between $1748 and $1821. The Kovach OBV has completely leveled off, so we anticipate that $1821 will continue to provide resistance....