quantguy

quantguy

Ethereum has fallen with the rest of the crypto market, smashing through several significant level, but finally leveling off around $2232. We are seeing several green triangles on the KRI at this level suggesting it will hold strong. We saw a nice pivot back to $2402, where we are currently meeting resistance. The Kovach OBV has flattened, but is still very...

quantguy

Bitcoin melted down yesterday, as risk-on assets got annihilated. Alerts kept pouring into our phones as Bitcoin sold off further and further. We blasted through significant levels of supportand dipped into the $29K's, albeit briefly, before we saw some buying interest. It is reasonable at this point, after being so oversold, for there to be a relief rally, but...

quantguy

Stocks broke down hard yesterday, as virtually all risk-on assets were sold-off. We smashed through 4122, 4068, and as we mentioned in the last reports, 4009 was the last level of the 4K's. This gave way, and we were able to test the high 3K's before finding support at 3978. We finally saw a small pivot from this level and have regained the 4K's, currently...

quantguy

Gold tested lows again at $1851, exactly as we discussed. Recall that we anticipated it would fall to this exact level yesterday, here in these reports, as it was likely to feel out the new range it is establishing. We made a run for higher levels, but $1905 provided prohibitive resistance and we sought lows again subsequently. We are getting support from...

quantguy

Litecoin has smashed through lows. Two levels in the $90's did little to stop the fallout. We cut through $94.84 and $92.62 with ease. We currently appear to be finding support at $90, which is a psychological level. However, there is a vacuum zone down to $85.08. The Kovach OBV is very bearish, which usually would indicate oversold conditions and portend a...

quantguy

Ethereum has smashed through several support levels over the weekend. We fell through $2556, and subsequently gave up the $2500's entirely. We are testing the next level down at $2454 at the time of this writing. We do appear to be seeing support from this level, but there is a lack of a pivot which suggests the market does not find current prices enticing...

quantguy

Bitcoin has blasted through support at $34.9K, which we expected to put up a bit more of a fight as it is a major Fibonacci level on the daily. This is certainly a very bad sign for BTC, which careened through several levels below on the weekend. We will be putting out a longer term analysis on the daily chart later. But for now, we have broken $34K and are in...

quantguy

The dollar has continued to press higher, making new relative highs, albeit barely. We are making a concerted effort to solidify the 104 handle, which is proving to be quite difficult. The dollar is also due for a bit of a correction, even if it is just a sideways correction to the 102's as we have seen last week. But from a broader perspective, the dollar...

quantguy

Stocks sold off sharply at the beginning of the APAC session, which is not a good omen for the upcoming week. We are back at relative lows again at 4068 and appear to be looking to test lower. A small wick has broken through this level, and we are not seeing any hints of a buy-back from these lows. The Kovach OBV does appear to be diverging from the price, but...

quantguy

Litecoin rejected $105, as we anticipated here. We plunged through support at $101, and gave up the $100 handle entirely with ease. Currently, we are seeing support from $94.84, but are not seeing much of a pivot. The last time we tested this level we saw a nice bounce back to the $100's. The Kovach OBV has slumped and is looking pretty bearish. If we are...

quantguy

Ethereum broke down after rejecting $2965, the last level in the $2K's. It looked like ETH was considering another run for $3K, but this was swiftly rejected, and we subsequently sliced through several support levels below. Currently, we are hovering under $2762, which is providing strong resistance. The lack of a buyback from new relative lows is concerning...

quantguy

Bitcoin got a lift from the FOMC statement Wednesday, but this was just a fool's rally. As we predicted here, $40K proved to be a significant barrier and we rejected this level immediately, selling off sharply and smashing through relative lows at $37.7K which previously held strong. We saw a double bottom at this level and the fact that we were able to cut...

quantguy

The US dollar index pivoted just below our level at 102.86, finding support at 102.50 or so. We were able to break just above relative highs, topping out just above 104.00. We appear to be seeing a lot of resistance from the 104 handle, confirmed by several red triangles on the KRI. If we reject 104 again, then we should see support from 102.86, then 101.70. ...

quantguy

Oil has been edging up, first breaking through $106, then $108. The latter has consistently been an upper bound for oil, but just yesterday it was finally able to crack this level. We broke out but topped off at $111 or so, just under our next target at $113. We are registering resistance confirmed by red triangles on the KRI. However the Kovach OBV appears...

quantguy

As we anticipated here, stocks could do little to break 4306, which provided prohibitive resistance. The S&P 500 swiftly rejected this level and retraced almost the entire move from the pivot from 4068. We did find support at 4122, a level which dedicated readers will recognize well, confirmed by two green triangles on the KRI. However, we seem to be seeing a...

quantguy

We have seen a lot of volatility in gold this month. It fell from $1917 down to support at $1851, from which we saw a pivot and subsequent run back to $1917. however, momentum petered out at $1905, the level below and we retraced almost the entire range. We are currently seeing suport at $1865, confirmed by a green triangle on the KRI. The Kovach OBV has...

quantguy

As anticipated the bond rout continues. We saw a brief relief rally after the FOMC, as the hikes were largely priced in. However, 119'01 provided prohibitive resistance, and ZN immediately rejected it. We found brief support at 118'04, but have broken through this level, and are currently clinging onto 118'00 by a thread. The next target is the level below at...

quantguy

Litecoin got a much needed lift with the crypto market. It was finally able to break through $101, which was a barrier for the past few days. We reached $105, which we have been touting as teh next price target for some time. However, this level appears to be providing resistance, and we are currently witnessing a bit of a retracemnet. The Kovach OBV has...