quantguy

quantguy

Ethereum caught a lift with the rest of the crypto market. We were able to reach $2965, which is currently providing resistance as confirmed by a red triangle on the KRI. The Kovach OBV has picked up slightly but at the moment, momentum has stalled and we will need a lot more to break through $3K. If so, $3042 is the first level in the $3K's to provide...

quantguy

Bitcoin had a small relief rally from lows at $37.7K as we anticipated yesterday. We weren't expecting anything big, but the double bottom at lows and sold off conditions predicted a small bounce. The rally in stocks helped as well. Currently, we are facing resistance from $40K, confirmed by a red triangle on the KRI. We expect resistance here, but if we are...

quantguy

The US dollar has fallen off the FOMC report yesterday. Despite the 0.5% rate hike, the dollar fell as this was largely priced in already. We collapsed through support at 102.86, but found support at 102.33 or so. We are feeling out the vacuum zone between 102.86 and 101.70, which is fairly wide, so we could potentially form some new technical levels here. It...

quantguy

Stocks rallied despite a Fed hike of 0.5%, the largest hike since 2008. The economic conditions between that time period and now are similar, so keep that in mind for long term investing. We anticipated a rally yesterday, as the hike was fully priced in. Exactly as we predicted yesterday, the S&P 500 is seeing resistance from a relative high at 4306. The...

quantguy

Litecoin is still struggling with $101, though it appears to have peeked above it briefly, meeting immediate resistance confirmed by a red triangle on the KRI. The Kovach OBV has tapered up slightly with this attempt. Crypto in general is oversold and due for a rally, but we aren't going all in just yet. A relief rally could take us to $105. If the selloff...

quantguy

Ethereum found good support again from $2762, but $2852 remains a barrier. Many red triangles on the KRI confirm that Ethereum is having issues breaking this level. The Kovach OBV is bearish and tapering down, so we will need a lot more buying momentum to come through to even consider breaking this level. However, the bear rout has been persistent and we are...

quantguy

Bitcoin found great support again from $37.7K as we predicted here. We appear to be seeing a double bottom at this level, which is encouraging, however we simply aren't seeing the buyback that bulls would like. The Kovach OBV is still very bearish, though it has picked up ever so slightly with the pivot from lows. As mentioned here, $40K is still a barrier, and...

quantguy

After pivoting off new relative lows at 4068, stocks were able to maintain the 4180's. We are seeing strong resistance here confirmed by red triangles on the KRI. We have two levels at 4178 and 4188 that are proving difficult for stocks to break through. The stock market is clearly looking for guidance from the Fed at 14:30 EST, so we do not expect much action...

quantguy

Gold has found some support off 1851, as anticipated. After collapsing from the 1900's, we were due for a relief rally. Yesterday, we predicted a relief rally to 1876, and that is exactly what happened. However, we are seeing resistance at 1876, confirmed by red triangles on the KRI. The Kovach OBV has picked up slightly with the pivot, but has quickly leveled...

quantguy

Litecoin still remains bounded by $101, and is currently hovering around $100. As we mentioned yesterday, we saw a nice pivot from $94.84, and show a clear bias for $100. We do appear to be seeing a bull wedge forming bounded by $101, but the Kovach OBV is looking pretty weak, and appears to be turning a bit bearish. We will need more momentum to break out from...

quantguy

Ethereum is still hovering under $3K, though it found good support from $2762. We are still struggling with $2852, where a red triangle on the KRI has confirmed resistance. We do appear to be seeing a small bull wedge forming but the Kovach OBV has flatlined, which suggests we need strong momentum to break through. If so, $2965 is the next level above, and we...

quantguy

Bitcoin is ranging after findng support at $37.7K. This level held despite a strong selloff in stocks, however we did not see much of a buyback and are still bound by $40K above. Volatility has consolidated significantly, between $38.2K and $39.2K. The Kovach OBV has completely flatlined, suggesting that we will need some momentum to come through either way...

quantguy

As predicted yesterday, stocks dipped further, breaking support at 4122. We mentioned that this was a bad sign for stocks as there is a vacuum zone down to 4068. This is exactly the level the S&P 500 subsequently tested after breaking down. Luckily for our portfolios, we did see great support at 4068, but new lows is never a good sign. After testing 4068, we...

quantguy

Gold has broken through 1876 and smashed through several levels below, finally finding support at 1851. The selloff resumed after a brief pivot of 1876 took us back to test 1917, where resistance proved prohibitive. The selloff then continued and the Kovach OBV is registering extreme bearish conditions. Though we are seeing support at 1851 confirmed by two...

quantguy

Litecoin tested our exact level at $94.84. We have been calling out this level as a lower bound for LTC for the past few weeks, and it finally tested it over the weekend. We did see a nice pivot from this level, but are having difficulties reestablishing the $100 handle. Indeed, $101 remains a hard upper bound for now, and it will take significant momentum to...

quantguy

Ethereum found support from $2762, the exact level we identified Friday. We saw a brief bounce to test the next level above at $2852, but did not have the momentum to see a follow through. The Kovach OBV has been edging up, but momentum was insufficient to even test $3K again. If we do see a burst of momentum, then $3K will provide resistance and is a likely...

quantguy

Bitcoin got smacked back down to support at $37.7K, which held and we are currently seeing a brief bounce off this level to test $40K. We are seeing a red triangle on the KRI forming at $39.2K, the last level in the $30K's. The Kovach OBV is very flat, and the Chande is at highs, suggesting a retracement from this level back to $37.7K is highly likely unless we...

quantguy

The S&P 500 has broken down from 4144, establishing new relative lows. Recall that 4144 provided good support and we appeared to have an inverse head and shoulders pattern forming with a neckline at 4306. However, this was swiftly rejected, which is a very bearish sign for stocks. We've also broken through the 'head' of the inverse H&S at 4144, but appear to be...