quantguy

quantguy

Ethereum appears to be attempting a nice recovery, gaining footing after testing the $1700's. Recall that $1771 is a strong Fibonacci level on the daily charts and that is exactly where we have found support. We have subsequently rallied back to the $2K's, currently contending with $2100. The Kovach OBV is still very bearish, so be very careful trying to catch...

quantguy

Bitcoin has fallen deeply into the $20K's, but found support at $25.1K. We have subsequently rallied and appear to be attempting to claw back to $30K. We anticipated yesterday, that $28K was a target if we got some momentum, and we were able to meet and break that target. However, the $30K's appear to be giving us some resistance at $30.2K and $31.0K. The...

quantguy

The US dollar has resumed its rally, hitting the profit targets we have been discussing for weeks now. We have set 104.53 and 104.83 as profit targets, using Fibonacci extensions a while back, and we have just now hit both of these, after extending a sideways correction for quite some time. However, we broke out of a bull wedge consolidation pattern and the...

quantguy

Oil has extended gains, breaking through $106 and currently testing $108. We appear to be feeling out the range between $100 and $108, but there is a bull bias, and the Kovach OBV has picked up notably. If we are able to continue the rally, there is a vacuum zone to $111. We do appear to be facing resistance at the moment, confirmed by some red triangles on the...

quantguy

Stocks have continued their decline, set to end the week deeply in the red. We have completely given up the 4K's, extending down to our level at 3867 or so. We are currently seeing a small bounce from these lows, but have yet to test 4K again, which should provide resistance. If we keep it up, we may test 4009 or 4068. The Kovach OBV is still extremely...

quantguy

Gold has smashd through lowe levels, but found support exactly where we identified yesterday at $1815. Notice that $1815 is the last major level in the $1800's, and there is a nice value area below from a few months prior between $1795 and $1815. If we break down further, it is highly likely that we will seek value there again. The Kovach OBV has dropped off...

quantguy

Bonds have picked up, breaking through several of our upside levels. We set a target of 119'23, and that is exactly the level we've reached. We are seeing signs of resistance here from several red triangles on the KRI. The Kovach OBV has picked up however, but it is doubtful momentum will take us much further, given the market conditions. If we are able to...

quantguy

Litecoin has dumped yet again, finding support at $55.84, the level we identified yesterday. We do appear to be seeing some support, but were not even able to cross the vacuum zone to the next level at $66.94. A relief rally could easily take us back to that level or the next level at $73.62. However, we appear to be establishing value in the vacuum zone...

quantguy

Ethereum has plummeted past many of our support levels, finally finding support at around $1700. Recall that $1770 is a very significant level and corresponds to a Fibonacci level on the daily chart. We did see remarkable support here and ETH subsequenty was able to pivot back to the $1900's. We will see if we are able to recover the $2K's. If so, then $2025...

quantguy

Bitcoin fell deeper into the $20K's last night. It found support at $25.1K, our exact level, before finding support and pivoting back to the $28K's. At this point, $30K should be a barrier, which was unthinkable for some, even a few days ago. The Kovach OBV is abysmal, and registers the most extreme of sold off conditions. A relief rally is to be expected and...

quantguy

The US dollar has broken out of its range, finally hitting the target we have been calling out for weeks. The 104 handle seemed to be a barrier for the DXY for some time, but finally, we were able to build up enough steam to break through it and solidify the 104's for now. The price action was tending to higher levels, and we saw a bull wedge forming, from which...

quantguy

Stocks have continued their decline, for the fourth day this week. This week has been abysmal for virtually all risk-on assets. We have solidly given up the 4K's, which we noted was likely to happen if 4009 was breached. We appeared to see some stability as we tested 3978 and 3963 twice, but the selloff reinvigorated, and we smashed through these levels with...

quantguy

Litecoin seems to have bottomed out at $73.62. We are seeing some ranging and volatility in the $70's, which may be a sideways correction into the bear trend. The $80's seem to be a hard barrier to LTC, and the Kovach OBV is still bearish. But if we can attempt a breakout, then $85.08 is the next target. We anticipate $73.62 to hold as a floor price for now.

quantguy

Ethereum appears to be edging up from lows, forming a bull wedge pattern at $2454. The Kovach OBV is still very bearish, suggesting that $2454 will provide prohibitive resistance. If so, expect $2232 and $2143 to hold with the latter a likely floor price for now. If we are able to break out, then we should see some resistance from the $2500's, with $2651 a...

quantguy

Bitcoin appears to have bottomed out for now at $30K or so. Recall that we were able to wick into the $29K's, but this was quickly bought back. We seem to be forming a narrow range, bouncing back and forth between our levels at $30.2K and $32.3K. The Kovach OBV is still bearish, but $30K is a strong psychological and technical level. If we are able to break...

quantguy

Stocks found support at 3963, once again testing the 3K handle. The S&P 500 seems to be dipping into the 3K's with increased confidence. It is reasonable at this point for stocks to take a breather and mave a sideways correction or relief rally. The Kovach OBV has turned south but does appear to be curving over. If we are to see a rally, potential targets are...

quantguy

As predicted yesterday, gold fell to 1836. We predicted that 1851 would hold as a lower bound, but if broken, 1836 was the next target. Gold appeared to find support at 1851, but the selloff resumed. We do appear to be witnessing a pivot from 1836 with 1851 currently providing resistance. If we are able to break through, then we can reestablish the range...

quantguy

Litecoin melted down yesterday, smashing through all of our levels. We've had to add in some levels below, using inverse Fibonacci levels and identifying technical support, since we've simply run out of levels from below. We do appear to have good support at $73.52, which seems to be a low for now. Subsequently, we saw a nice pivot from there and have bounced...