quantguy

quantguy

Bitcoin rallied after the Case-Shiller Housing Price Index came in deeply negative, which suggests that the economy may be cooling and the Fed may taper interest rate hikes . Additionally, earnings from GM and Coca Cola suggest that high inflation might not be impacting the earnings of some major companies as the markets have feared. This contributed to the...

quantguy

The US dollar collapsed off of increased risk-on exhuberance after housing price data and earnings reports from Coca Cola and GM, which the markets interpreted as a possible sign of a Fed tapering. We have smashed through the lower bound of the range at 113.66, then 113.37, which we anticipated to hold as a lower bound. We traversed the entire vacuum zone, and...

quantguy

The S&P 500 has rallied off increased expecatations of a Fed tapering after housing price data came in negative. Additionally, Coca-Cola and GM posted earnings results yesterday suggesting that there is hope for some companies feared to be hit by inflation. Be careful trading this, as the markets have been fooled before, and we will need to wait for forward...

quantguy

Liteocoin made an attempt to retest $55.84, but a red triangle on the KRI confirmed resistance midway, and we swiftly retraced. We are currently heading back down to the lower bound of the range with $51.92 a likely target for support. If this does not hold then $50.64 is sure be a floor price. If we can somehow pivot, we have a long way to go before the next...

quantguy

Ethereum has held strong in the mid $1300's. We have leveled off around $1341, forming a bull flag pattern. The Kovach OBV has picked up very slightly, but not enough to signal a divergence. if we are able to break out, then we will face immediate ressistance from $1368, but after that $1424 is the next target. If we reject current levels then we should see...

quantguy

As predicted, bitcoin rejected $19.5K, and is tending back to $19.0K. We are roughly in the midpoint of this range at the time of this writing. Low liquidity and low volume are likely to remain an issue standing in the way of BTC and higher prices. If we are able to break out then we will surely face resistance at $20K. Although $19.0K should provide support,...

quantguy

Stocks have continued to edge higher, though they are looking quite weak. We were able to break past 3792, but the very next level at 3810 is providing significant resistance. The price action rounding off, and red triangles on the KRI are confirming resistance. Additionally, the news sentiment remains bearish, so at some point we are likely to face a swift...

quantguy

Litecoin broke out of the narrow range it had been holding for a few days, between $50.64 and $51.92. This narrow range suggested that a breakout was near and sure enough we were able to break out into the range above. We mentioned that $55.84 was an ambitious target and sure enough, we appear to be meeting resistance in the low $54's. Volume has been extremely...

quantguy

Ethereum broke out with the rest of the crypto market. Momentum has been surprisingly strong for Ethereum, and it's surpassed Bitcoin in the relative strength of this rally. We anticipated $1341 to provide resistance as it has been the upper bound of this range for over two weeks. We were able to test $1368, which we have added as a new technical level, before...

quantguy

Bitcoin has gained strength off the unexpected rally in stocks, testing $19.5K. As predicted many times here, Bitcoin met swift resistance at this level, and could not continue the rally to $20K. We are seeing a nice pull back here, and are likely to return to $19.0K, with $18.6K a likely lower bound, and $17.6K a floor price for now. If we are somehow able to...

quantguy

The US dollar has been exhibiting dramatic volatility lately. We tested the highs of the range at 113.38, before a hard rejection smacked us back down to 111.66. Support failed there, and we subsequently tested the next level at 111.37. We received support at this level and have currently recovered the middle of the range. Dedicated readers have heard us state...

quantguy

Gold spiked sharply higher after finding support at $1629. Recall that anticipated support at this level, since it is a relative low established at the end of September. We made it as high as $1670, before retracing a bit back to neighborhood of $1650. The Kovach OBV has spiked dramatically, suggesting there was strong momentum to this move, but it still just...

quantguy

Despite plenty of negative sentiment in the news and a week packed with data, including the Fed's redbook and housing price indexes on Tuesday, GDP on Thursday and PCE on Friday. We hit a high of 3792. We tweeted on Sunday night that this small rally was likely to be short lived and sure enough we are seeing a pull back. The APAC markets are selling...

quantguy

Litecoin is forming a very narrow range, as dedicated readers will remember. For the new readers, recall that we have strong levels at $50.64 and $51.92, between which LTC is ranging right now. If we are able to break out, then $55.84 is the next target but this will require significant momentum so don't get your hopes up. In reality it is likely we will...

quantguy

Ethereum is tending toward the lows of the range at $1288. We anticipated this, and frankly, it's getting a little boring. If we are able to pivot, then $1341 will provide resistance and should be considered a ceiling. If we can break through current levels, $1235 is most assuredly a floor, so range trading is the best strategy for now as it has been for the...

quantguy

Bitcoin as wavered and tapered down against the hopes of many perma-bulls. We are still caught in the range between $19.0K and $19.5K. Dedicated readers should be tiring of these numbers but should be banking off of the mean reversion trades we have seen come to fruition, right here in these reports, for the past month. Again, it is unlikely we will see any...

quantguy

The US dollar has recovered once again, against strong news sentiment yesterday suggesting the DXY had topped off. We were able to recover the range and, at the time of this writing, are testing the upper bound near 111.38. We anticipate this to be a top and mean reversion trading is advised at this time. It will take sufficient momentum to break through but if...

quantguy

The S&P 500 has taken an unfortunate turn as abysmal Snapchat profits have taken a turn for the worse and the stock has plummeted naerly 25%. This took down other social media stocks with it, some of which form a formidable component of the S&P 500. We were seeing support at our level at 3676, but the selling momentum has taking us down to 3645, where we are...