quantguy

quantguy

Litecoin has retraced as anticipated, but has found support at $120 which we have also predicted here in these reports. We found great support at this level and attempted another bull run. However we are facing some resistance at our level at $130, and retraced back to support at $124. We should expect for Litecoin to equilibrate somewhere between $120 and...

quantguy

Ethereum is ranging at highs, testing $3563. Several red triangles on the KRI are suggesting resistance at these levels. Currently $3416 is holding, but if we retrace further we should see support at $3324, then $3200. The Kovach OBV is strong but has leveled off suggesting a retracement may be near. If not, the next target is $3646.

quantguy

Bitcoin appears to be stuttering a bit, gradually trending downwards from highs at $48.2K. We found good support at $43.8K as anticipated in these reports. After making a run for higher levels, we seem to be equilibrating around $45K-$46K. The Kovach OBV is flat suggesting we will need more real momentum to come through before anything serious happens. We...

quantguy

Stocks have retraced from highs at 4632 as we anticipated, seeking support at lower levels, namely 4521. We have equilibrated a bit after testing this low, and appear to be gearing up for another bull run. We appear to be seeing the beginnings of a pivot, but if we can't muster the strength to continue it, we may test lower levels. In particular, 4440 stands...

quantguy

Litecoin has topped out at $134 before sharply retracing to support at $120. We saw quite a bit of resistance near highs confirmed by several red triangles on the KRI, and we were very vocal about this, to warn bulls to ease off. Sure enough, we saw a sharp selloff soon after. The Kovach OBV has turned over sharply, confirming the selloff. If support at $120...

quantguy

Though bulls were hopeful that Ethereum would be able to pull off higher levels in the $3K handle and eventually test the $4K's again, we sold off hard with the rest of the crypto market. We were holding a nice range between $3324 and $3473, with an apparent bull flag forming, however we simply could not sustain these levels and promptly dumped to $3200, the...

quantguy

Bitcoin has retraced in a classic "Bart Simpson" pattern after having difficulties at highs in the upper $40K handle. We saw a great deal of resistance at $48.2K, one stop away from the last level in the $40K's at $49.7K. We anticipated great resistance at this latter level, but it seemed we could not even muster the momentum to test these relative highs, and...

quantguy

The DXY has pivoted from lows at 97.73, as per our analysis. We called out 97.73 as a support level and it held like a charm. We also anticipated the DXY to continue the range it has established between these lows and 99.40. We are currently roughly in the middle of this range at the time of this writing, meandering in the vacuum zone between 98.22 and 98.82. ...

quantguy

Oil broke down lower off news that Biden will start to use US oil reserves to the tune of 1M barrels per day and also considered adding more ethanol to gasoline to fight soaring costs. This was enough to bring oil down from the $100 handle, albeit briefly. We found support just above our level at 96.88, about 100 ticks north at 97.78 before we saw a nice...

quantguy

Stocks have fallen further after their slight pullback from our target of 4632. We met steep resistance at this level, then drifted downwards a bit, finally taking a dive yesterday. We fell to 4545, one level above where we anticipated support at 4521. The price action does seem to be rounding off, suggesting 4632 might be a top for now. If so, then stocks...

quantguy

Gold has held the range between 1895 and 1956, that we discussed yesterday. At this time yesterday, we were roughly in the middle of the range, however since then we have started to edge up again. We are seeing notable resistance at 1956, as predicted due to the dense patch of technical levels above between 1956 and 1982. The Kovach OBV is starting to drift...

quantguy

Bonds have reached a relative high at 123'01 to the tick then promptly rejected this level. A red triangle on the KRI confirmed resistance and we headed straight back down to through the 122 handle to finally find support at 121'28. We are currently seeing some support here, confirmed by a green triangle on the KRI. However the Kovach OBV has taken a steep dive...

quantguy

Litecoin has made an attempt at $134, but we keep finding prohibitive resistance just below this level. We are seeing several red triangles on the KRI to confirm strong resistance every time Litecoin tests this level. The price action seems well confined between $124 and $134, which is understandable, after its rally from the low $100's. It is starting to look...

quantguy

Ethereum is ranging in the value area between $3324 and $3473. This follows a huge rally from the mid $2K's. The price action has stabilized and we could be seeing a bull flag forming. If so, a breakout could be gearing up, however the Kovach OBV is completely flat, so it could go either way from here. A breakout would take us to our next target of $3563. A...

quantguy

Bitcoin has continued its tight range, after stocks snapped a four day rally. The upper bound seems to be $48.2K, which is a barrier between current prices and $49.7K, our next target and last level before $50K. The rally in Bitcoin does seem to encountering a hard pause, and we will need significant momentum to break $50K again. This seems to hinge on what...

quantguy

The DXY has fallen to support at our level at 97.73, to the tick. It started to look as though the dollar would break this level due to increased confidence in a Ukraine ceasefire. However, we saw a double bottom form, confirmed by two green triangles on the KRI, followed by a nice reversal which is currently testing 98.22. We are seeing resisatance here...

quantguy

Oil is hugging lows after Biden has announced that he will start to use US oil reserves and also considered adding more ethanol to gasoline to fight soaring costs. Crude promptly dropped from where it was meandering in the 106-113 range. We are still finding strong support at 101 and 100, which are strong technical and psychological levels. The Kovach OBV...

quantguy

Stocks are ranging just above 4580, the exact level we anticipated support, after breaking a four day winning streak. This comes after hitting our profit target at 4632. We have two red triangles on the KRI to confirm resistance here, but many green triangles from below to confirm support at 4580. We do not anticipate a further retracement, but if so, then 4521...