quantguy

quantguy

Bitcoin has been wavering at the precipice of the $40K handle for some time. We appear to be forming a bear flag, and have very little buying interest. This set of factors does not bode well for the price. If we break down further, expect support $38.2K, or $37.7K. Long term, we could stand to press much lower before seeing any buying interest. If we do catch...

quantguy

Gold has picked up, continuing the rally but we are running into resistance in the 1970's. We alerted you many times that there is a dense cluster of levels between 1956 and 1982. Unless we catch some serious momentum, we are likely to retrace back to support at 1936 or so. If we do catch more momentum, our next target is 1999.

quantguy

Stocks have retraced to support at 4389. Although the bleeding does appear to be easing for now, we do seem to be forming a bear flag pattern and could be looking to dump lower. If so, 4327 is a reasonable target for support. If we are able to catch some momentum, 4462 and 4521 remain our targets on the upside.

quantguy

Litecoin has taken a dive from the $110's to the base of the $100 handle. It is difficult to believe that at the end of March, we were testing the $130's. We are seeing strong support from $101, but be mindful of the vacuum zone below to $94. The pyschological $100 barrier has provided strong support in the past. The Kovach OBV is pretty bearish, but if we are...

quantguy

Ethereum has broken down briefly giving up the $3K handle. We have been noting weakness in the crypto markets for some time now, and anticipated support at $3K, which we saw. We did break into the upper $2K's, finding support at $2965 where support was confirmed by several green triangles on the KRI. However, we did not see much of a buyback which suggests that...

quantguy

Bitcoin has taken another sharp turn lower in tandem with stocks. As discussed in the last report, we are currently seeing support at the base of the $40K handle, though we did break lower into the $39K's albeit briefly. We did see nice support from $39.2K, confirmed by a green triangle on the KRI. However, we are not seeing the buy back that we would expect if...

quantguy

Stocks have retraced back to 4389, which is a technical level and relative high back in March. The Kovach OBV has retraced significantly, and we have blasted through several levels to the down side. Current levels are good candidates for a pivot, and if so, 4462 and 4521 are the next targets. If we keep collapsing then we should see some support at 4327.

quantguy

Gold has tested higher levels after being confined between 1917 and 1936 for the past few days. We are still holding the broader range between 1895 and 1973 or so. Gold has taken an upswing, but is facing resistance from a dense patch of levels in this price territory. The Kovach OBV has upticked with the momentum, but it is doubtful that momentum is strong...

quantguy

Litecoin has fallen off sharply, smashing through support levels and currently testing $109. We are seeing nice support confirmed by green triangles on the KRI, but there is a vacuum zone below to $105, then another below that to $101. If we can muster a relief rally then $111 and $114 are likely targets.

quantguy

Ethereum has plunged lower finding support at our levels at $3200 and $3100. These have proven to be quite strong, but watch the vacuum zone below to $3042. The Kovach OBV has dropped off sharply, but we appear to be finding support confirmed by green triangles on the KRI. If we are able to test higher levels then $3324 is the next target.

quantguy

Bitcoin has blasted through lower levels to find support around $42K exactly as we anticipated here in these reports. It plunged through support at $43.1K but so far, levels at $41K and $42K are holding. If more FUD comes through we anticipate $40K to be a floor for now. If we are somehow able to muster the strength for a rally then $43.1K and $43.8K are the...

quantguy

Oil is testing lower levels but can't seem to break down further. It is testing 95.24 at the moment, but momentum appears to be bottoming out and we could be in for a relief rally. If so, watch 100 or 101. Beware of the vacuum zone down to 92.03.

quantguy

Stocks have retraced to support at 4462, a strong technical level which seems to be holding. We are hanging on by a thread and if we break down further, then 4440 is the next target after crossing the vacuum zone below. The Kovach OBV has slumped, suggesting momentum is nil and needs to pick up in order for us to see a breakout. If we are somehow able to break...

quantguy

Litecoin dumped, but pivoted around $111, which we have added as a new technical level. From there, we edged higher, but faced steep resistance from $114 as confirmed by a red triangle on the KRI. The Kovach OBV is still quite bearish, as is the Chande, which suggests we might be reaching a bottom soon. However, don't be surprised if persistent weakness sets in...

quantguy

Ethereum has found support at $3200 and is trekking back up to our target at $3324. It has pivoted slightly, but the apparent bull momentum is quite weak, confirmed by the Kovach OBV which has barely budged with the rally. We are bound to face resistance at $3324, and it is unlikely that we will break this level soon, but if we do $3416 is the next target. If...

quantguy

Bitcoin has slumped, but found support at $43.1K, exactly as we have predicted in these reports. Bulls were hoping for a stronger pivot, but what transpired was quite flaccid. We were unable to break the next level at $43.8K, a meager $700 away. The Kovach OBV has flatlined after dropping substantially. This means we need to see momentum come through either...

quantguy

The DXY has ripped past our previous target at 99.82, and is making a concerted run for 100. We have effectively gotten there already, falling short by one tick at 99.99. We are within inches of our target of 100.04. The rally is appearing labored, with four red triangles on the KRI to confirm resistance as we edge higher. If we do retrace, then 99.82 and...

quantguy

Oil is hugging lows after bottoming out at 95.24. The Kovach OBV dropped substantially with the selloff, but appears to have bottomed out. At this point, we can expect another run from the $100's, where $100 and $101 will provide resistance. If we end up breaking down, then watch the vacuum zone below to 92.03.