quantguy

quantguy

Litecoin has leveled off just below $124. It has tested this level from below several times, and volatility has consolidated suggesting we are forming a bull wedge-type pattern, and could be coiling up for another breakout. If so, we could easily test $130. If we reject current levels, we will see support from $120 or $114. The Kovach OBV is steadily...

quantguy

Ethereum has gotten a lift from the crypto market and reestablished the $3K handle. We have found strong support from $2965, which held as we tested the vacuum zone below to $2852. We do appear to be meeting steep resistance from $3042, with several red triangles on the KRI at this level. However, volatility is consolidating so we could be preparing for another...

quantguy

Bitcoin got support from the $41K's as we anticipated yesterday. We the lift seems to be coming off news that Terra has bought $125M worth of Bitcoin for its reserve. If we want to continue to see higher prices in crypto we will need more news like this. We are currently testing $43.1K again, but a red triangle on the KRI is providing resistance. We have...

quantguy

The DXY has edged up, however, we continuously are making lower highs. We are seeing multiple red triangles on the KRI at or near highs, suggesting that resistance is building. However, lows are consistent at 97.73-97.89, suggesting in the long term we may be forming a bear wedge pattern. If that is the case, we can expect the DXY to test these lows again. We...

quantguy

Stocks have retraced as we have called out yesterday. We were due for a technical retracement, and the fact that oil prices jumped provided a catalyst for this retracement. We have found nice support at 4440, a former price target, and expect this level to hold but if not, then we could test the 4300's, with a likely floor of 4350. Our next target remains...

quantguy

Litecoin has broken out yet again, showing considerable strength with regard to the performance of the 'majors'. We have broken past $120, where we anticipated resistance. We then made a run for $124, and after hitting this target, retraced back to $120. The Kovach OBV is still strong however, suggesting this is a technical retracement. If so, $130 will be the...

quantguy

Ethereum reached our target of $3K, only to face immediate resistance and give up the $3K's. We are seeing strong resistance at $3042 from two red triangles on the KRI, but are seeking support at the next level down at $2965. The Kovach OBV is still strong however, which could suggest this is just a retracement into the overall bull trend. If we retrace...

quantguy

Bitcoin has hit our price target of $43.1K, but fell short of our expectations to contiune the rally. Although stocks are strong, their strength does not seem to be met by the newly established intermarket correlation with Bitcoin. Two red triangles on the KRI have confirmed resistance at $43.1K. There is strong support around $41K and we anticipate it to hold,...

quantguy

Stocks have edged higher and reached our profit target of 4521. We are starting to see resistance building at each level as confirmed by red triangles on the KRI. The Kovach OBV is still strong however, but the price is gradually starting to round off suggesting we will soon have a range day, or a retracement. After over a week of rallying this is reasonable to...

quantguy

Bonds keep falling as yields are rising globally. It seems that we have to redo our levels to predict yet another new low in ZN. The Kovach OBV is solidly bearish and we have fallen 7 handles, from the 129's to 122's in the month of March. We are currently testing support at 122'10, but the bear rout shows no sign of stopping. It would be unwise to try to...

quantguy

Litecoin has gotten a lift from the crypto rally, testing $120 at the time of this writing. This is a significant step for LTC which has been in the doldrums for some time. We were seeing prohibitive resistance from $114 for what felt like an eternity (in crypto time), but were finally able to break through on the 19th. Prices stabilized around $114, and it was...

quantguy

Ethereum has finally reached our target of $3K. We blasted through $2965, after crossing multiple levels in the upper $2K's which had provided prohibitive resistance in the past. The Kovach OBV is strong, as is the Chande, which suggests that a retracement may be near. We will see how ETH deals with $3042. This is a major level and reltive high from which we...

quantguy

Bitcoin has spiked up through the vacuum zone to $43.1K. If you recall, we posted this target yesterday. We are seeing a red triangle on the KRI forming at this level though, suggesting we may have topped out. If so, we should have strong support in the $41K's and $40K's. The Kovach OBV has picked up, so if momentum does continue then the next target is $45.0K.

quantguy

The US dollar has climbed higher but is encountering resistance at 98.82, confirmed by multiple red triangles on the KRI. This suggests a retracement is highly likely especially because we are near a strong technical level at 98.82. We appear to be seeing this retracement right now, with a retracement. We should see support at 98.22 if we continue further. ...

quantguy

Stocks are forming a bull wedge pattern and appear to be gearing up for a break out. We did see some volatility at relative highs around our level at 4487, which could indicate a top. We are also seeing several red triangles on the KRI to suggest resistance here. However, the Kovach OBV is still strong despite leveling off a bit. Watch for momentum at open to...

quantguy

Litecoin has ripped showing impressive momentum with respect to the majors. We have broken through $109 solidly and then teckled $114 with ease. We made it as high as $118 or so, just below our next technical level of $120, before retracing. Currently we are equilibrating around $114. We could be forming a dragon head pattern, and if momentum persists, we...

quantguy

Ethereum has retraced from highs at $2965. We saw an enormous buying wave which topped out before the hard limit of $3K. The retracement could just be a technical Elliott wave corrective phase, and if so, we expect support from the lower bound of $2852. We appear to be seeing support here from several green triangles on the KRI. If support holds, anticipate...

quantguy

Bitcoin has made a run for highs again, but rejected $41K. We are seeing a lot of resistance here confirmed by multiple red triangles on the KRI. We are currently ranging in the narrow value area between $40K and $41K. The Kovach OBV has slumped, but if we pick up we can expect a blast off to $43.1K. If we break down further we will reestablish the value area...